U.S. authorities have seized about $31 million in crypto tied to the 2021 hack of Uranium Finance, according to a Monday X post from the Southern District of New York (SDNY). According to the post, the seizure was the result of a joint effort between SDNY and Homeland Security Investigations (HSI) in San Diego. A…
Leading financial industry groups have urged President Donald Trump’s administration to roll back federal policies they say have restricted US banks from engaging in digital asset markets and warned that regulatory overreach is hampering American leadership in financial innovation. In a letter sent to David Sacks, Special Advisor for Artificial Intelligence and Crypto and chair…
Ethereum’s Pectra upgrade went live on the Holesky testnet on Monday but failed to finalize in the expected time. Pectra was activated on the Holesky testnet at 21:55 UTC (4:55 p.m. ET), but did not initially finalize according to blockchain data. Finality is the state in which, once a transaction is confirmed and added to…
Berachain – EVM-identical Layer 1 blockchain – has reached a new milestone this week. Within 20 days of its Mainnet launch, Berachain has surpassed major blockchains such as SUI, Avalanche, and Arbitrum, in Total Value Locked (TVL), after hitting $3.27 billion before retreating mildly. Berachain secured the sixth position in DeFi TVL following the new…
Bitcoin (BTC) continued to slide on Monday, hurt by not just by massive bearish price action in most of the rest of crypto, but also as U.S. stocks struggle to pull out of their recent downturn. Falling to about $93,900 as stocks closed, bitcoin is down 1.9% in the last 24 hours. Ether (ETH) is…
The SEC Crypto Task Force met with Strategy executive chair Michael Saylor, representatives from the Crypto Council for Innovation and MITRE Corporation to discuss the best approach to regulating crypto assets in the US on Feb. 21. According to memos shared by the SEC, the task force staff reviewed a framework document defining a crypto…
OKX, one of the largest cryptocurrency exchanges, settled with U.S. authorities over failing to obtain a license to operate as a money transmitter, the exchange announced Monday. Aux Cayes FinTech Co. Ltd., an OKX affiliate, is the specific party that settled with the U.S. Department of Justice, paying over $500 million in penalties and forfeited…
Citadel Securities is reportedly planning to expand into crypto market making, with the aim of providing liquidity on major crypto exchanges, Bloomberg News reported on Feb. 24. People familiar with the matter told the news outlet that the firm is preparing to establish a presence in crypto markets by joining market makers on platforms operated…
A few days ago, the capital market company Altvest Capital became the first publicly traded African company to adopt Bitcoin as a treasury reserve asset. This move was announced as part of a broader treasury management strategy that focused on strengthening the firm’s financial resilience and protecting its business from currency depreciation risks. Stafford Masie,…
CryptoQuant CEO Ki Young Ju said memecoins are not just speculative assets but manifestations of deep-rooted human psychology that have permeated human cultures throughout history. Ju argued that these digital assets align with Carl Jung’s theory of the collective unconscious, which states that recurring symbols and narratives shape human culture and behavior. Ju sees meme…