Category: crypto

ZachXBT claims that North Korean IT workers are responsible for at least 25 incidents of hacking and ransomware exploitations in the crypto industry. They have been warned against hiring North Korean IT workers who may have nefarious intentions. North Korean hackers have also been using USDC for illicit payments, posing a threat to crypto firms.…

Nine European banks are collaborating to launch a euro stablecoin to challenge the dominance of the U.S. dollar in the stablecoin market. The project aims to create a MiCA-compliant stablecoin backed by the euro, with a predicted market cap of up to $1 trillion. The consortium plans to apply for an e-money license from the…

Capital Group has acquired an 11.45% stake in Bitcoin treasury firm Metaplanet, becoming its largest shareholder with a stake valued at $500 million. Metaplanet recently increased its Bitcoin holdings to 26,000 BTC. Capital Group has been expanding its crypto exposure through equity stakes, avoiding direct Bitcoin holdings.

Nansen launched Nansen AI, an AI agent that changes how traders interact with blockchain data. Users can ask questions and get insights, with future plans to allow trades. TRON founder Justin Sun praised the launch, emphasizing the importance of AI in crypto trading and Nansen’s role in enhancing transparency and accessibility.

TACEO and Aztec Foundation are collaborating to create a Private Shared State on Ethereum, allowing multiple parties to verify blockchain transactions without exposing data. PSS supports collaborative computation and post-quantum security, with a focus on usability for developers. The system aims to address potential threats from quantum computing in the future.

REX-Osprey introduced ESK, the first U.S. ETF combining Ethereum exposure with staking rewards. The fund operates under strict regulatory oversight, with all staking rewards going directly to investors. This distinguishes it from other fee-based crypto products, offering a new way to access blockchain-native yields in traditional investments.

PayPal partnered with DeFi platform Spark to increase liquidity for its PYUSD stablecoin to $1 billion. Spark plans to deploy $8 billion in reserves to achieve this goal. This move is aimed at challenging USDT and USDC in the stablecoin market. The partnership will allow PYUSD to tap into DeFi liquidity and reach new markets…

Plasma launched its layer-1 mainnet designed for stablecoin transfers with $2 billion in USD₮0 liquidity on-chain. Backed by Tether’s ecosystem and Peter Thiel’s Founders Fund, Plasma aims to provide a stablecoin-focused network for faster, more reliable, and accessible value transfers worldwide. The network uses PlasmaBFT consensus mechanism for efficient stablecoin settlement.

Upexi reported a $13.7 million net loss for fiscal 2025, overshadowed by a $128 million paper profit from its Solana cryptocurrency holdings. The company now holds over 2 million SOL tokens, driving the gains and reshaping its balance sheet. Upexi’s strategy includes staking its SOL to generate staking revenue.

ETHZilla Corporation plans to deploy $47 million in Ethereum to the liquid restaking protocol Puffer to enhance yields on its ETH holdings. This move, part of a larger strategy to generate cash flow from Ethereum, aims to boost the platform’s validator ecosystem and institutional participation in Ethereum’s restaking ecosystem.