The crypto exchange Bithumb has made “significant reductions” to the scale of its crypto lending services amid ongoing concerns from financial regulators. Per the South Korean newspaper Kookmin Ilbo, the trading platform has reduced its leverage ratio from x4 to x2. It has also slashed its maximum lending cap by 80% from 1 billion won…
In a renewed, high-stakes bid for federal legitimacy, PayPal’s stablecoin issuer, Paxos Trust Company, applied on Monday for a national trust charter, escalating the regulatory race against rivals Circle and Ripple. If approved, the charter would upgrade the firm’s New York license to a federal one, placing it under direct OCC oversight and allowing it…
ALT5 Sigma Corporation (NASDAQ: ALTS) stock surged 9% after announcing definitive agreements to raise $1.5 billion through a registered direct offering and concurrent private placement. In a press release, the firm said the capital will support the launch of the company’s World Liberty Financial ($WLFI) Treasury Strategy, along with other corporate initiatives. One small step…
Key Takeaways: ICE’s data integration into blockchain platforms could encourage cross-industry discussions on common technical and compliance frameworks. Expanding tokenized markets may drive collaboration between regulators, traditional exchanges, and blockchain providers to align reporting and settlement protocols. Future on-chain data integrations could include emerging asset classes beyond those currently served, depending on market demand and…
After a sharp mid-year slowdown, digital asset investment products roared back into positive territory last week, attracting $572 million in fresh capital, according to CoinShares. The reversal followed early-week outflows of $1 billion, which the firm’s Head of Research, James Butterfill, attributed to weak U.S. payroll data fuelling growth concerns. Digital asset investment products returned…
A new ransomware-as-a-service group called Embargo has laundered approximately $34.2 million in crypto since emerging in April 2024, primarily targeting US healthcare facilities through sophisticated attacks that demand ransoms up to $1.3 million. TRM Labs research identifies the group as a potential rebrand of the defunct BlackCat operation, with notable victims including American Associated Pharmacies,…
A crypto memecoin group has taken responsibility for throwing sex toys onto the court at multiple WNBA games over the past week, a new report from USA Today claims. Crypto Memecoin Collective Behind WNBA Sex Toy Incidents According to the August 8 report, an anonymous spokesperson for the memecoin collective—identified only by the X account…
The team behind decentralized finance (DeFi) protocol CrediX Finance appears to have vanished following a $4.5 million exploit that drained funds from the platform, sparking widespread suspicions of an exit scam. In an August 8 alert, blockchain security firm CertiK reported that CrediX Finance’s official X account went silent, while its website has remained offline…
The world is facing a water crisis that is expected to have a major impact on humanity in the coming years. A report from the United Nations predicts that by 2030, global demand for water will exceed sustainable supply by 40 percent. The World Economic Forum further notes that terrestrial water storage decreased by almost…
Binance, the world’s largest cryptocurrency exchange, is working with Spain’s BBVA to offer clients independent custody of their digital assets, according to a Financial Times report published on Friday. The arrangement is a move by Binance to rebuild investor trust following its record $4.3 billion fine by U.S. regulators in 2023 and the broader industry…