Everything web3, crypto, defi, degen
In brief A new report from TRM Labs found that Kyrgyzstan appears to be serving as a front for crypto platforms linked to shuttered Russian exchange Garantex. Russia-linked activity accounts for almost all of Kyrgyzstan’s crypto industry, which was “virtually nonexistent” prior to the invasion of Ukraine in 2022. Experts told Decrypt that Kyrgyzstan’s political…
Everyone thinks prediction markets are all about big money and quick trades. But what if the real edge isn’t speed or volume but rather the story behind a prediction?Prediction markets face the same fundamental problem: getting people to care enough to participate. Polymarket addressed this challenge by offering high‑stakes political markets that generated significant volume…
In brief Solana developers are coming together to focus on changing Solana’s market microstructure. The change centers on Application-Controlled Execution, allowing apps to control transaction execution order. Key players believe this focus will help Solana become home to the world’s most liquid markets. Developers and leaders in the Solana ecosystem are uniting around a focused…
In brief A man has been indicted in an alleged cross-border fraud scheme. Authorities traced and seized $7.1 million in crypto, with assets moving through U.S. banks, offshore accounts, and at least 19 wallets. DOJ officials say blockchain tracing helped recover funds and identify connections to exchanges abroad. A Washington State man has been indicted…
Western Union has become the latest financial giant to signal interest in stablecoins, as competition heats up in the global remittance market and regulatory clarity improves.Speaking to Bloomberg on Tuesday, CEO Devin McGranahan said the firm saw three opportunities for stablecoin use around faster cross-border payments, better fiat conversion options in harder-to-reach markets, and offering…
In brief CoinDCX confirmed a $44 million hack on July 19 that affected an internal liquidity account, while assuring that customer funds remain safe. The exchange launched a bounty program offering up to 25 percent of recovered funds, with a potential payout of $11 million to those who assist in tracing the stolen assets. The…
In brief Hungary’s updated criminal code imposes penalties up to 8 years in prison for unlicensed crypto exchange operators and up to 5 years for large-scale traders. The law targets illegal operations while allowing compliant exchanges to continue operating, though unclear implementation details have created market uncertainty. EU-licensed exchanges will be able to operate in…
In brief XRP and Dogecoin are leading altcoin rallies, with XRP up over 43% in a week, fueled by speculative capital. The U.S. House of Representatives passed three key crypto bills, advancing the Trump administration’s pro-crypto policy agenda. Analyst notes macroeconomic factors, including government spending and inflation fears, prompting investors towards crypto. Crypto prices have…
In brief More than 40 top AI researchers propose monitoring chatbots’ internal “chain of thought” to catch harmful intent before it becomes action. Privacy experts warn that monitoring these AI thought processes could expose sensitive user data and create new risks of surveillance or misuse. Researchers and critics alike agree that strict safeguards and transparency…
Deepening our investment in Latin America, we are rolling out local currency funding in Argentina and Mexico, two of the region’s most active crypto markets. This expansion reflects our ongoing commitment to building trusted, compliant and localized infrastructure to support crypto adoption across the globe. With these new integrations, clients in both countries can now…
