Category: crypto

Investors are losing confidence in Trump Media stock after a reported third-quarter loss of $54.8 million. The stock has declined 70% from its previous high, and its recovery depends on revenue growth, Bitcoin accumulation, and operational stability. Despite losses, the company holds $3.1 billion in Bitcoin, which could boost its stock price.

Chinese scammer Zhimin Qian, accused of operating a multi-billion-dollar Ponzi scheme, is expected to receive up to 14 years in prison in the UK. Qian, who defrauded over 128,000 victims, fled China in 2017 and was recently arrested. UK authorities seized 61,000 BTC from her, the largest cryptocurrency recovery in British history.

South Korea’s top financial holding companies are partnering with tech giants like Naver, Kakao, and Samsung to launch stablecoin projects. Regulators are preparing to submit the country’s first stablecoin bill by the end of the year. Stablecoin transaction volumes in South Korea have already reached over $41.15 billion.

CFTC acting Chairman Caroline Pham is working to launch leveraged spot crypto trading by December, holding talks with regulated exchanges. Trump nominee Mike Selig is set to replace Pham permanently. Pham aims to bring leveraged spot trading onto regulated U.S. exchanges to enhance oversight and investor protection.

ZK Casino has reappeared with an update on refunds for users affected by its collapsed project. About 35% of users have received partial refunds, with more expected next week. Larger withdrawals require identity checks. The project, initially a scam, has faced heavy criticism and legal issues. Recovery progress is slow and uncertain.

Ledger is getting ready for a strategic shift due to rising demand for secure digital asset storage. The company is considering a New York IPO or fundraising in 2026. Recent product updates sparked debate over fees and direction. Ledger is experiencing increased hardware wallet sales amid a rise in crypto hacks.

Changpeng Zhao, founder of Binance, was surprised by his presidential pardon from Donald Trump. Zhao denied business ties with the Trump family and pled guilty to anti-money laundering violations. He became the first first-time offender to receive a prison sentence for a non-fraud related violation in U.S. history.

Top cryptocurrencies like Bitcoin, XRP, and Cardano fell last week, while privacy tokens such as Monero, Zcash, and Dash saw gains. Circle Internet’s financial results will be released, with its stock continuing to decline. Other top crypto news includes token unlocks for Aster, Sei, and Zebec Network, among others.

Investors are buying hardware wallets as crypto hacks increase in 2025. Ledger, a company that sells secure cryptocurrency storage devices, is seeing record revenues. Individual wallet hacks are on the rise, with North Korean hackers stealing $1.5 billion from an exchange. Physical attacks and kidnappings of crypto holders are also increasing.

White Whale has declined to serve as an unpaid advisor for MEXC due to deceptive transparency practices and continued user fund seizures. He criticized MEXC’s Proof of Reserves system as meaningless without liability audits and called for the exchange to stop seizing user funds. MEXC also erased transaction history after fund seizures.