Category: crypto

U.S. authorities have frozen $701 million in cryptocurrency linked to investment scams targeting Americans, dismantling recruitment channels and fake investment websites. Funds were restrained through legal action and coordination with crypto exchanges. Efforts led by the Scam Center Strike Force aim to return funds to victims whenever possible. Outside the U.S., similar operations have been…

Kelp DAO’s $292 million exploit revealed hidden risks in liquid restaking and DeFi lending markets. Aave, SparkLend, Fluid, and Lido took measures to control risk after the incident. The exploit involved layers of assets similar to the 2008 financial crisis, leading to concerns about interconnected DeFi protocols and the need for transparency and risk assessment.

President Trump will attend a private gala for top TRUMP memecoin holders at Mar-a-Lago. Entry is limited to the top 297 wallets, with a private reception for the top 29 investors. Lawmakers have raised concerns about access to the president being tied to financial participation in the token. Token buying has intensified ahead of the…

The U.S. Treasury has sanctioned Cambodian senator Kok An and a network of 28 entities for their involvement in a large-scale crypto scam and trafficking-linked operation. Kok An is accused of enabling scam centers run by organized crime groups, with illicit proceeds laundered through casinos and other businesses. The crackdown extends to Southeast Asia, targeting…

Mantle proposed a 30,000 ETH loan to Aave to cover bad debt from Kelp DAO exploit, using Mantle Treasury funds and Lido staking APR for yield. Aave would secure it with revenue and $11M AAVE tokens. Bybit supports the proposal, aiming to help Aave recover from losses and strengthen the DeFi industry.

Metaplanet issued 8 billion yen in zero-interest bonds to fund Bitcoin purchases, with EVO Fund fully subscribing to the sale. With 40,177 BTC as of March 31, Metaplanet is Japan’s largest Bitcoin holder. Despite a $619 million loss in 2025, the company remains committed to its Bitcoin-focused strategy.

Blockchain Capital is raising $700 million across two funds for early-stage and growth crypto startups. Deal sizes are increasing by 50% even as total funding in April dropped to $466 million. The firm’s reputation is strong with a $2 billion portfolio and early investments in major industry players.

Believe founder Benjamin Pasternak was arrested on assault charges related to a March 31 incident. He pleaded not guilty and is scheduled to appear in court on June 11. A class-action lawsuit accuses him of misleading investors and causing significant losses. The lawsuit focuses on forced migration and dilution of tokens.

Xiaomi has launched the MiMo V2.5 and V2.5 Pro models, combining text, image, audio, and video capabilities into a single system. The Pro model delivers top-tier benchmark results and is priced lower while using fewer tokens. Xiaomi plans to focus on deeper reasoning and tool integration in future models.

Dan Finlay, co-founder of MetaMask and a developer at Consensys, is leaving the company after about 10 years of work. His departure marks a leadership change for MetaMask, which has expanded beyond Ethereum to support other networks. The new Advanced Permissions feature allows for recurring crypto payments with user-set limits.