A hacker hijacked the WeChat account of Binance co-founder Yi He to perform a pump-and-dump scheme involving the Mubarakah token, producing roughly $55,000 in earnings. This breach highlights rising considerations concerning the manipulation of cryptocurrency markets by way of compromised social media accounts. Security analysts swiftly tracked the hacker’s transactions, uncovering the main points of…
“I’m NOT constructing a brand new monetary system. I constructed a on line casino.”This stark admission from Ken Chan, former co-founder of derivatives protocol Aevo, has been reverberating throughout Asian crypto communities this week. What started as (*8*) X has now crossed linguistic borders, been introduced to Chinese communities by native information media, and been…
Bitcoin surged from roughly $91,000 to over $94,000 inside simply two hours within the US buying and selling hours on Tuesday, a transfer that caught many merchants off guard. While some celebrated the sudden rally, others are elevating crimson flags—calling it a textbook case of market manipulation. One of probably the most obtrusive considerations is…
The Office of the Comptroller of the Currency confirmed that nationwide banks could interact in riskless principal crypto-asset transactions, eliminating a key barrier between conventional banking and digital property. The determination permits banks to behave as intermediaries in crypto trades by concurrently shopping for from one buyer and promoting to a different with out holding…
A federal choose has handed prediction markets platform Kalshi a short lived protect from enforcement after Connecticut regulators accused the corporate of operating unlicensed on-line playing. Key Takeaways: A federal choose quickly blocked Connecticut from imposing its playing order towards Kalshi. Kalshi argues its occasion contracts fall underneath the CFTC’s unique jurisdiction, not state playing…
The Tajikistan parliament has permitted revisions to the Criminal Code, introducing Article 253(2), which imposes penalties on miners minting crypto utilizing stolen electrical energy. The article stipulates a high-quality of $1,650 to $8,250 for violators or imprisonment from two to 5 years. However, for the unlawful use of energy for crypto mining on an “particularly…
Rep. Keith Self (R-Texas) on Tuesday launched an modification to the huge annual protection invoice that may block the creation of a US central bank digital currency. Key Takeaways: Rep. Keith Self moved to add an anti-CBDC modification again into the protection invoice. Conservatives say GOP leaders broke a promise to embody CBDC restrictions. The…
South Korea’s largest crypto change, Upbit, is pushing virtually all buyer belongings into chilly storage after a significant hack on its Solana scorching pockets, in one of the crucial aggressive safety pivots but by a giant buying and selling platform. Operator Dunamu stated it should elevate the share of consumer funds held in chilly wallets…
The Solana community’s basis is weakening as liquidity thins and profitability drops, based on on-chain information. Key Takeaways: Solana is present process a “full liquidity reset,” with realized losses exceeding income and liquidity falling. Exchange outflows and regular ETF inflows are offering structural help regardless of thinning liquidity. Analysts see potential restoration by early January,…
Vivek Ramaswamy’s Strive Asset Management has introduced a $500 million most popular inventory providing, with proceeds earmarked for Bitcoin acquisition. Strive already holds 7,525 BTC, per BitcoinTreasuries data, value $695.93 million, and stands 14th amongst high company Bitcoin holders. With the latest stock sales announcement, Strive intends to use the web proceeds “for normal company…