Category: crypto

Delaware and New Jersey are advancing bills to ban crypto ATMs in response to increasing scam complaints related to the machines. The move comes after FBI data showed a high number of complaints and losses nationwide. Other states have already implemented total bans on crypto ATMs, with Canada also considering restrictions. The bills in Delaware…

Token of Power suffered an exploit that drained over $1.5 million from its liquidity pool. On-chain firms reported the incident, with Blockaid describing it as a governance-takeover attack. The attacker moved stolen funds into Tornado Cash. The incident followed a separate breach at Humanity Protocol. Recovery details are not yet available.

Bitcoin traders are anticipating that the Federal Reserve will leave interest rates unchanged at the upcoming meeting, with a 98.3% probability according to CME FedWatch data. This has led to a cautious approach in the crypto market, as investors focus on signals from Fed Chair Kevin Warsh and the updated economic projections.

Wirex has joined Visa’s Agentic Ready program to test AI agents making payments using stablecoins. Initial trials will focus on SaaS subscriptions, marketing spend management, and procurement automation. The initiative expands Visa’s work in stablecoin payments and blockchain-based settlement systems, aiming to ensure secure and transparent transactions.

Geoffrey K. Auyeung from Newcastle, Washington, has been sentenced to five years in prison for conspiracy to commit money laundering, involving over $97 million through bank and crypto accounts. He helped fraudsters move funds through various cryptocurrencies and received commission payments. Restitution and forfeiture proceedings are ongoing.

The first U.S. insider trading case involving a prediction market is set for trial on Dec. 7 for Army soldier Gannon Van Dyke. Prosecutors claim he used classified intelligence to profit over $410,000 on Polymarket wagers. The case raises scrutiny on Polymarket from U.S. lawmakers, regulators, and South Korean authorities.

House lawmakers reviewed bills aimed at reducing tax filing burdens for digital asset users, investors, and brokers. Democrats raised concerns about proposed mining and staking deferrals. The bills are still in the committee hearing stage and would need approval from both chambers before becoming law. The proposed changes aim to update tax rules for various…

CME Group has launched Nasdaq CME Crypto Index futures, offering exposure to eight major cryptocurrencies through a single regulated contract. The futures settle in cash against the Nasdaq CME Crypto Settlement Price Index, providing traders with broader market exposure without holding the underlying assets directly. Trading began on June 8, expanding CME’s crypto derivatives offerings.

BitGo now allows eligible institutional clients to access Aave, Spark, and Tesseract through its integration with Narval. Assets remain in qualified custody, with Narval checking transaction details and policy rules before authorizing wallet signing requests. This expands regulated DeFi access for financial firms seeking controlled routes into on-chain markets.

Japan’s three megabanks, MUFG Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank, plan to start live stablecoin transactions within fiscal year 2026. A joint council will examine issuance infrastructure, governance, and operating rules. The FSA-backed pilot tested corporate cross-border payments using Progmat’s blockchain infrastructure. The project aims to support various payment uses.