Category: crypto

Bitmain Technologies, a Chinese crypto mining rig firm, is being investigated by U.S. Federal agencies for potential surveillance capabilities. Concerns are raised about its mining rigs being used for espionage near critical U.S. infrastructure. Despite a pro-crypto regulatory shift, Bitmain faces scrutiny over national security risks.

Cryptocurrency exchange Bybit participated in Regulation Day 2025 at Devconnect ARG in Argentina. Over 1,500 attendees, including regulators and industry leaders, discussed digital asset regulation. Bybit highlighted the importance of user-protective regulation. Argentina processed $93.9 billion in crypto transactions in the first half of 2025. The event focused on regulatory approaches to emerging technologies.

Binance CEO Richard Teng says recent crypto market volatility reflects broader global market conditions due to deleveraging. The decline is not unique to crypto, with all markets facing risk assessments over macro uncertainty. Bitcoin’s 21% drop in the past month is attributed to macro conditions, but it remains up 100% from 2024.

Kalshi, a U.S.-based prediction market platform regulated by the Commodities Futures Trading Commission, has raised $1 billion at an $11 billion valuation led by Sequoia and CapitalG. The platform has seen rapid growth, with annual transaction volume reaching $50 billion, competing against Polymarket in the sector.

Trading firms faced losses and reduced activity, contributing to the crypto market’s decline after Oct. 10. A technical flaw on Binance caused mass liquidations, leading to a user refund and discussions on market manipulation. Analysts predict more stress before stabilization, with reasons ranging from natural unwinding to price manipulation.

Coinbase Global Inc. has acquired Vector, a decentralized trading platform on Solana, to enhance their decentralized exchange and speed up token listings. The acquisition will integrate Vector’s technology and team into Coinbase’s system, expanding digital asset options for users. However, Vector’s mobile and desktop apps will be discontinued. Coinbase also recently launched Ethereum-backed loans and…

U.K. authorities are investigating Basis Markets, a failed crypto hedge fund that allegedly defrauded investors of $28 million. Two men were arrested on suspicion of fraud and money laundering in connection with the collapse of the fund. The Serious Fraud Office is leading the investigation and seeking information from investors.

A coalition of over 65 crypto firms, led by the Solana Policy Institute, has written a letter to President Trump urging clarification of digital asset regulations and crypto-friendly tax policies. They want federal agencies to drop charges against developers like Roman Storm, clarify tax rules, and protect developers and users in the crypto space.

VerifiedX and Crypto.com have partnered for a $1.5 billion deal for asset custody and liquidity. The collaboration offers institutional clients regulated custody, layered permissions, and OTC trading. This partnership responds to the rising demand for compliant digital asset solutions and builds on their prior collaboration, with VerifiedX leveraging Crypto.com’s infrastructure for institutional-grade services.

Toobit, along with professional rock climber Chris Sharma, has launched a $1 million trading campaign offering rewards such as crypto prizes, high-end devices, and branded merchandise. The campaign includes tasks related to onboarding, deposits, and trading activities across various platform services. Toobit also highlights its $50 million risk reserve fund for trader protection.