Category: crypto
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UK watchdog raids eight London sites over illegal P2P crypto trading
The UK’s Financial Conduct Authority raided eight London locations for alleged illegal peer-to-peer cryptocurrency trading, issuing stop notices. This is part of a wider crackdown on unregistered platforms. No crypto traders are registered with the FCA in the UK. The regulator has rejected 90% of crypto firms seeking registration.
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KelpDAO hacker launders funds as Jefferies warns of Wall Street chill
The attacker responsible for the $300 million KelpDAO exploit is now laundering funds through Arbitrum and Tron-based USDT, raising concerns about the recoverability and traceability of DeFi transactions. The hack may impact Wall Street’s interest in blockchain projects. SlowMist warns of new macOS malware targeting crypto users.
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MiCA deadline, CLARITY Act, and UK/JP hardening
MiCA’s July 1, 2026 deadline is causing a shakeout among EU crypto platforms. The US CLARITY Act and SEC-CFTC MoU are ending jurisdictional turf wars. The UK and Japan are tightening regulations, squeezing out thin-margin crypto venues. This global licensing reset is favoring larger, compliant players.
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DeFi risk-on, gaming builds through volatility
DeFi and NFT gaming are growing on Solana, Arbitrum, Optimism, Polygon, and BNB, with TVL, DEX volumes, and lending utilization rising. NFT gaming is projected to reach $60.82B in 2026. BNB Smart Chain has 22% of NFT gaming market share. Builders are continuing to ship products despite hacks and regulatory pressure.
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Memecoins and mid‑caps lead speculative rotation as traders chase alt beta: what cryptos are worth buying?
Traders are focusing on memecoins and mid-cap cryptocurrencies in a speculative rotation, chasing alternative beta. They are looking for valuable cryptocurrencies to buy during this trend.
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Google rolls out $750M fund to expand partner-led AI deployments
Google Cloud has launched a $750 million fund to support consulting partners in developing and deploying agentic AI solutions. The fund will provide tools, training, and engineering support to help partners deploy AI solutions at scale. Google is also working with Marvell to develop new AI chips to compete with Nvidia.
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Analyst alleges ‘on-chain insider’ front‑runs Trump speeches
Crypto Rover is accusing wallets of engaging in insider trading by repeatedly trading BTC, ETH, and $TRUMP before President Trump’s speeches. This is based on on-chain data showing consistent movement ahead of Trump’s speeches. Previous reports have flagged a “Trump insider” whale with a perfect record around presidential events. The White House denies any involvement…
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Syed Sameer steps in as power broker in Justin Sun–WLFI standoff
Sameer Group CEO Syed Sameer is offering to broker a private deal to unfreeze Justin Sun’s blacklisted WLFI tokens, sparking backlash from retail holders excluded from negotiations. Sun filed a lawsuit against World Liberty Financial over the locked tokens, with Sameer proposing a resolution that some see as unfair to the broader community.
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Pyth plugs into Kalshi’s new commodities hub as oracle backbone
CFTC-regulated prediction market Kalshi is integrating Pyth’s oracle and Pyth Pro feeds into its new commodities hub. This integration will use first-party prices to settle contracts related to gold, oil, gas, and grain events. Kalshi aims to expand this model to cover other asset classes like indices, stocks, and FX in the future.
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GSR debuts first active multi‑asset crypto staking ETF on Nasdaq
GSR has launched the BESO ETF on Nasdaq, actively managing a Bitcoin-Ethereum-Solana basket with weekly rebalancing, a 1% fee, and built-in staking rewards. This is the first actively managed multi-asset crypto ETF in the US to offer staking functionality, marking a new development in the ETF competition.