Down to its last $4,000 in cash, a crypto firm holding millions in Solana is seeking a loan to survive $1.5M debt

UK-based Supernova Digital Assets has built a multimillion-pound crypto treasury, but its latest accounts expose the strategy’s less glamorous constraint: cash. An unfinished lender switch now stands between the company and further token sales, making its reported SOL position a test of whether it can secure cheaper funding without letting liquidity needs dictate its treasury…

South Korea Arrests Suspects in Fake FXRP Scam That Stole $8.6M in XRP

South Korean authorities have uncovered a cryptocurrency fraud case that exploited interest in a newly launched blockchain token. The operation targeted XRP holders through a fake investment platform that disappeared after collecting millions of dollars in digital assets. Authorities launched their investigation after an overseas cryptocurrency exchange flagged suspicious transactions. Within three days of receiving…

SoFi reported 388,336 crypto products, but Q2 net transaction revenue only reached $1.2 million

SoFi Technologies, the digital financial services company, reported 388,336 cumulative Crypto products as of June 30. Meanwhile, the company’s Q2 filing reported just $1.183 million of net crypto transaction revenue. The filed earnings release lists $134 million of crypto transaction revenue and $133 million of cost of crypto transaction revenue for the quarter. Their difference…