Category: crypto

U.S. federal agents seized $15 billion in Bitcoin from unhosted wallets linked to a Cambodian criminal network run by Chen Zhi, accused of operating forced-labor compounds executing global cryptocurrency scams. The network laundered funds through complex crypto techniques and luxury purchases. Zhi remains at large, with his empire exposed in the investigation.

RootstockLabs has launched Rootstock Institutional to explore ways for institutions to utilize their $260 billion in idle Bitcoin in DeFi. The new team will focus on strategies for institutions to earn yield on their BTC through lending, borrowing, and other on-chain yield strategies. This move comes as 99% of institutional Bitcoin generates negative returns due…

Stripe will now allow subscription payments in USDC through the Base and Polygon blockchains. This will attract more users, especially those who do not have access to other payment methods. The feature will enable recurring payments from crypto wallets and benefit U.S. companies that generate revenue internationally.

StableX has partnered with BitGo to secure and manage a $100 million crypto treasury focused on stablecoin assets. This move signifies StableX’s shift from manufacturing to digital asset investment, with a focus on compliance and institutional-grade infrastructure. BitGo will provide custody and liquidity for StableX’s crypto purchases.

Shibarium reactivated the Plasma Bridge for BONE tokens after attackers stole $4.1 million through a flash loan exploit. The update includes a blacklisting system, 7-day withdrawal delay, and enhanced security measures to prevent future attacks. The Shib team quickly responded to the hack and reactivated the bridge with improved security.

Solana Foundation partners with Wavebridge to develop a KRW-pegged stablecoin and institutional tokenization products in Korea. The collaboration aims to enhance Solana’s role in Asian institutional finance. The project includes a tokenization engine, MMF initiatives, and training for Korean banks. This partnership strengthens Solana’s presence in the region’s blockchain ecosystem.

Bhutan has migrated its National Digital Identity system to the Ethereum blockchain, making it the first country to do so. This move builds on previous integrations with Polygon and Hyperledger Indy, with full transition expected by Q1 2026 under the Digital Drukyul program. The system allows citizens to manage and verify their credentials securely on…

Christie’s auction house is expanding its venture capital fund to invest in web3, AI, fintech, and hardware projects beyond traditional art-related technologies. CEO Bonnie Brennan aims to attract more art collectors and support early-stage tech ventures. The firm’s portfolio includes companies in these categories such as Art Signal, Collagia, Luxus, and Rokbox.

UXLINK will do a token buyback on Oct. 18–19 using recovered funds from centralized exchanges. The buyback supports the Swap & Compensation Plan approved by the community to reimburse affected users. Future buybacks are planned, and security measures have been strengthened after a security breach last month.

Whales in the crypto market are shorting altcoin positions ahead of Federal Reserve Chair Jerome Powell’s speech on the U.S. economic outlook. Traders are preparing for potential market volatility and are hedging against downside risks. Powell’s speech comes amid growing economic volatility and renewed trade tensions between the U.S. and China.