Everything web3, crypto, defi, degen
In brief Chirag Tomar, jailed in the U.S. for a $20 million crypto scam involving fake Coinbase websites, has $4.8 million (₹42.8 crore) in assets seized by India’s Enforcement Directorate. Authorities say Tomar ran a sophisticated phishing scheme and funneled proceeds into Indian bank accounts via P2P platforms. ED has attached 18 properties in Delhi…
In brief A UK police force has received a $665,000 (£500,000) windfall after seized Bitcoin soared in value. Thieves had converted stolen money into Bitcoin before it rose in value—but British law prevents victims from being overpaid. Lancashire Police will allocate the money to a special crime-fighting fund. “Crime doesn’t pay,” the old saying goes,…
In brief FinCEN has issued an urgent alert flagging fraud schemes involving crypto ATMs. Elderly victims lose big through tech support and imposter scams, often guided to ATMs by phone. Many kiosk operators lack registration and AML controls, enabling anonymity, high fees, and structured transactions. The Treasury Department’s Financial Crimes Enforcement Network issued an urgent…
In brief DeFi Development Corp. bought another 110,000 SOL for around $18 million. The firm now holds more than 1.23 million SOL, all acquired since starting its treasury strategy in April. Shares jumped 10% on Monday, extending its year-to-date gains to more than 2,100%. Publicly traded real estate software firm DeFi Development Corp. bolstered its…
BTC ATH MONTHLY, TRUMP SPOOKS MARKETS, ALTCOINS LEAD FALLSBitcoin records ATH monthly close then falls. Altcoins lead crypto sell-off after mixed earnings. SEC launches ‘Project Crypto’ to tokenise assets. Most crypto assets are not securities: Atkins. Strategy reports $10b profit despite funding costs. Coinbase earnings mixed, stock falls 10%. Coinbase to expand to tokenized RWAs,…
In brief The White House unveiled new tariffs on Thursday. A cooler-than-expected jobs report pointed to a tepid labor market. Odds of a September rate cut surged to 83% from 37%. The price of Bitcoin and other cryptocurrencies wavered on Friday as investors weighed the White House’s latest round of tariffs against fresh signs of…
In brief Strategy reported a second-quarter profit of $10 billion. Its Bitcoin holdings increased 20% to 597,000 BTC in Q2. The company spent another $2.5 billion on Bitcoin recently. Strategy, formerly known as MicroStrategy, reported a record profit of $10 billion on Thursday after its Bitcoin holdings rebounded in value during the second quarter.The Tysons…
In brief Tether reported a second-quarter profit of $4.9 billion. CEO Paolo Ardoino teased a new U.S. venture. The stablecoin is still partly backed by Bitcoin and precious metals. Tether reported a second-quarter profit of $4.9 billion on Thursday, as CEO Paolo Ardoino teased a new, U.S.-specific venture for the stablecoin giant on social media.In…
In brief The DOJ has “backtracked” over its plan to bring charges against Dragonfly Capital in its Tornado Cash investigation, according to the firm’s co-founder Haseeb Qureshi. Qureshi called the original threat “unprecedented” and a violation of DOJ policy designed to prevent defense testimony. A Chainalysis witness also invoked Fifth Amendment protections after prosecutor contact.…
In brief Crypto exchange Kraken reportedly aims to raise $500 million in a funding round at a $15 billion valuation. The fundraising comes amid an expected initial public offering (IPO) in early 2026. Many of Kraken’s peers have made similar moves toward IPOs in recent months, which experts attribute to a more favorable regulatory environment…
