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What is a money transmitter? The definition on trial

Two developers went to prison-facing trials over four words in a 1970s-era framework: what counts as transmitting money. The answer decides whether writing DeFi code is a regulated financial business or protected publishing, and Section 604 of the CLARITY Act…

Morpho rolls out Midnight for fixed term lending on Base

Morpho has officially launched its fixed-rate lending protocol Midnight on Base, adding a new credit layer to its onchain lending network as it seeks to bring fixed-rate, fixed-term borrowing closer to traditional financial markets. The Block reported that Midnight is…

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