Everything web3, crypto, defi, degen
In brief Derivatives exchange Cboe plans to introduce continuous Bitcoin and Ethereum futures for U.S. customers. If approved by regulators, the products will be available in November. Currently, U.S.-based traders have access to futures that expire. Derivatives exchange Cboe plans to introduce continuous Bitcoin and Ethereum futures for U.S. customers in November, pending regulatory approval,…
In brief Solana hit $219.50 and XRP rose above $3 as both cryptocurrencies outperform the broader market while Ethereum cools down. Prediction markets show 54% of users expect Solana to reach new all-time highs by year-end, with similar bullish sentiment for XRP hitting $4. Expected SEC approval of Solana and XRP ETFs in the U.S.…
In brief Arkham Intelligence has identified a tranche of 45,000 BTC worth $5 billion linked to film piracy website Movie2K. German authorities “failed to seize” the Bitcoin as part of a confiscation in January 2024, Arkham said. In 2024, the German government sold off its seized Bitcoin for an “unprecedented” $3 billion, which has risen…
In brief The U.S. Treasury has sanctioned 19 entities across Burma and Cambodia that it says scammed Americans out of $10 billion in 2024. The action targets networks using trafficked workers forced to conduct “pig butchering” scams through fake investment platforms and romance schemes. Networks often “rebrand” when sanctioned, but sanctions “disrupt scammers’ easiest routes,”…
In brief Multiliquid CEO Will Beeson has argued yield is important for stablecoins to scale in a competitive market. The GENIUS Act banned issuers from paying interest but leaves openings for third-party arrangements. Banks have warned loopholes could drive trillions in deposits out of the U.S. banking system. The clash between Wall Street and the…
In brief Ant Digital linked $8.4B in Chinese energy assets to AntChain, tracking 15M renewable devices. It raised 300M yuan ($42M) for three clean energy projects via tokenized assets, Bloomberg reported. Adoption is expected to remain institutional, with offshore listings hinging on regulatory approval, Decrypt was told. Jack Ma-backed Ant Group’s enterprise arm has reportedly…
Upbit, South Korea’s largest exchange by volume, confirmed plans on Tuesday to launch its own Ethereum Layer 2 network, GIWA, as part of a broader infrastructure push, a month after trademark filings hinted at the project.Shortly before the confirmation, Dunamu CEO Oh Kyung-seok teased details of the project in a keynote speech at the Upbit…
In brief Shengsheng He was sentenced to 51 months for laundering nearly $37M stolen in a crypto investment scam. The funds were moved through a Bahamas-based shell company, converted to crypto, and sent to scammer wallets. The case is part of a wider DOJ crackdown on global crypto fraud and online money laundering. Shengsheng He,…
In brief Washington, D.C., Attorney General Brian L. Schwalb accused ATM operator Athena Bitcoin of ignoring scams targeting elderly residents. The firm faces two counts of violating the Consumer Protection Procedures Act through deceptive and unfair trade practices. The firm operates 4,100 Bitcoin ATMs in five countries. Washington, D.C., Attorney General Brian L. Schwalb unveiled…
In brief Nasdaq’s proposal comes as interest in tokenization of assets surges throughout the financial services world. The exchange said that it believes tokenization can provide the same benefits and protections as traditional systems. Nasdaq lists technology giants like Apple, Amazon, Meta, and Google. Nasdaq has asked the U.S. Securities and Exchange Commission for a…
