Everything web3, crypto, defi, degen
China has moved to block private stablecoin ambitions in Hong Kong, in what could be interpreted as an effort to reaffirm its state authority over monetary policy.Two of China’s largest technology companies, Alibaba-backed Ant Group and JD.com, an e-commerce group, have been instructed to suspend their stablecoin plans in Hong Kong.That follows guidance from the…
In brief World Liberty Financial is an Ethereum-based DeFi project co-founded by U.S. President Donald Trump and his sons. The platform, which aims to “keep the dollar digital” and provide “loans for institutions and everyday users,” has launched a stablecoin called USD1. The Trump family’s involvement in World Liberty Financial and other crypto projects has…
In brief Five men aged between 21 and 37 were arrested on Oct. 1 on suspicion of conspiracy to commit fraud. Police say victims may have lost more than a million pounds (£1 million / approx. $1.3 million) through the fake cryptocurrency schemes. The suspects have been bailed pending further enquiries as the investigation continues.…
In brief Burke revealed Australia’s crypto ATM count has exploded from 23 machines six years ago to over 2,000 today, with 85% of top user transactions linked to scams or money mules. The proposed legislation would grant AUSTRAC the authority to restrict or prohibit “high-risk products,” with crypto ATMs specifically targeted. The move follows months…
In brief The channel was briefly compromised late Wednesday, promoting a Solana-based token. An hour later, the PGL YouTube channel, run by the Romanian esports organizer behind Valve-sanctioned tournaments, was also reportedly hijacked to stream a fake Bitcoin giveaway. Decrypt independently verified screenshots of the compromised Dota 2 channel before the content was removed. The…
In brief Monad unveiled an eligibility checker and early claim portal for its upcoming MON airdrop. The portal will be open until November 3 in which eligible participants can register an early claim on their tokens. Monad is set to rival Ethereum and Solana and raised $225 million in 2024 to build its layer-1 network.…
The United States on Tuesday announced that it is seeking the forfeiture of 127,271 Bitcoin, currently worth over $14.2 billion, in the largest such forfeiture action in the history of the Department of Justice.The United States Attorney’s Office for the Eastern District of New York and the Department’s National Security Division filed the civil forfeiture…
In brief PancakeSwap’s Chinese X account was hacked to promote a scam meme coin token. CAKE token’s price remains largely unaffected. Security experts noted weak user security awareness and phishing as key reasons. The official Chinese X account of decentralized exchange PancakeSwap was hacked on Tuesday, used to promote a fraudulent meme coin named “Mr.…
In brief Decrypt is partnering with Opera to distribute its news, educational content and features through Opera News, Opera Mini and Opera for Android. Opera News users will be able to discover Decrypt’s journalism directly inside Opera, localized and tailored to their region and interests. The partnership reflects Decrypt’s commitment to its core values of…
In brief Gabriel Haines often posts shirtless rants about crypto on X. He has raised money to film a pilot for a dark comedy based on industry happenings. The protagonist of “The Max Extractor” is loosely inspired by Libra co-creator, Hayden Davis. When a meme coin crisis befell Argentine President Javier Milei in February, Gabriel…
