Category: crypto

NewLimit, a biotech startup co-founded by Coinbase CEO Brian Armstrong, raised $435 million in Series C funding to move its first age-reprogramming drug towards human trials. The round was led by Founders Fund, with new investors joining. The company focuses on epigenetic reprogramming to treat age-related diseases and aims to bring longevity medicine to human…

Bitwise’s chief investment officer, Matt Hougan, notes that crypto is losing its momentum trading status as investors shift towards AI stocks. This shift is driven by a focus on fundamentals over market hype, with AI stocks gaining attention and capital flows. Despite the shift, Hougan believes that crypto is not disappearing but evolving to reward…

The UK Financial Conduct Authority has warned football clubs about the risks associated with sponsorship deals with unauthorised crypto firms. These deals could expose fans to financial harm and create legal, money laundering, and reputational risks for the clubs. The FCA is preparing new regulatory rules for the crypto industry.

Mastercard now supports stablecoin settlements across various blockchains, including Ethereum and XRP Ledger, outside of traditional banking hours. The company added support for six regulated dollar-backed tokens, allowing transactions to be settled on weekends, holidays, and throughout the day. Mastercard aims to maintain existing payment processes while integrating stablecoins into its network.

Trezor and Tropic Square acknowledge a chip flaw found by Ledger Donjon in the TROPIC01 chip but assure users that the Trezor Safe 7 wallet and funds are secure. The vulnerability was found during an independent audit, and despite the flaw, user funds remain protected due to multiple security layers in the wallet.

Binance has a minority stake in Alpaca as it expands its U.S. stock and ETF trading services globally. The partnership allows Binance to earn revenue from order flow and lending fees tied to user stock trades. Alpaca controls a majority of tokenized U.S. stock custody. The service offers access to over 7,000 U.S.-listed stocks and…

Binance is closing its NFT platform on July 3, asking users to withdraw their NFTs before the deadline. The move comes as NFT trading volumes have significantly decreased. Binance is expanding into stock trading and tokenized assets. The closure follows other discontinued services related to NFTs.

Former U.S. Representative George Santos is under federal investigation for allegedly making tens of thousands of dollars through suspicious prediction market trades related to President Trump’s State of the Union address. The case highlights growing concerns about insider trading on platforms like Kalshi and Polymarket, leading to increased regulatory scrutiny and enforcement measures.

Zcash Foundation released Zebra 4.5.3 and Zebra 5.0.0 to fix a critical soundness bug in the Orchard Action circuit before exploitation. Zebra 4.5.3 disabled Orchard actions, while 5.0.0 re-enabled them through NU6.2. No unauthorized value appeared, and shielded transactions were restored with the upgrade. Node operators are urged to upgrade to Zebra 5.0.0.

The Kelp DAO hacker has laundered nearly all $220 million in unfrozen funds through privacy channels, leaving only about $1.7 million in the original wallets. The funds moved through various platforms, making direct tracing difficult. Legal claims are now pending against the $71 million frozen in Arbitrum, the largest recoverable slice.