Category: crypto

Elon Musk is requiring banks, law firms, and auditors vying for roles in SpaceX’s IPO to purchase subscriptions to his AI chatbot, Grok. Some Wall Street firms have agreed to spend tens of millions annually on Grok. This requirement is part of SpaceX’s upcoming IPO, targeting a $1.75 trillion valuation.

Cambodia’s Senate approved a draft law targeting scam centers involved in crypto and online fraud, imposing prison terms and fines. The bill awaits royal approval to take effect. This move comes after pressure from foreign governments and international bodies over scam activity in Southeast Asia. Scam centers in the region have been described as closed…

Charles Schwab is set to launch direct spot trading for Bitcoin and Ether in the first half of 2026, making it accessible to its large pool of investor capital for the first time. Schwab CEO Rick Wurster confirmed the move, which will be operated through Charles Schwab Premier Bank, SSB. The rollout will be phased,…

Tether is seeking investor commitments for a fundraising round at a $500 billion valuation. If investor demand does not meet expectations, the company may delay the raise. Tether also hired KPMG for its first full audit of financial statements. The reported valuation would make Tether one of the largest financial firms globally.

ZachXBT accused Circle of failing to freeze stolen USDC during the $285 million Drift Protocol hack on April 1, 2026, using the company’s cross-chain infrastructure. The attack drained funds from a Solana-based decentralized exchange, raising concerns about Circle’s freeze authority and compliance failures in other cases. The incident has sparked debate on stablecoin governance and…

Naoris Protocol has launched its quantum-resistant mainnet, using NIST-approved post-quantum cryptography standards. The network processed over 106 million transactions during the testnet phase and has a market cap of $36 million. The mainnet runs on NIST’s ML-DSA algorithm and aims to protect assets from quantum threats, as researchers warn of potential vulnerabilities in Bitcoin and…

HypurrFi warned users not to interact with its app due to a possible domain hijacking incident. User funds are safe but investigation is ongoing. Frontend attacks in DeFi are a concern. Users should avoid the website and app until further notice. Domain hijacking is a known risk in the crypto sector.

President Trump has proposed a $1.5 trillion defense spending request for fiscal year 2027, the largest in U.S. history with a 40% increase over current levels. The plan includes cuts to domestic programs and requires congressional approval. The proposal comes amidst ongoing conflict with Iran and concerns about national debt.

Leap Wallet, a crypto wallet project that started in the Terra ecosystem and expanded to Cosmos and other chains, will shut down its apps, web platform, exchange tool, and validator service by May 28. Users can still access their assets using their recovery phrase or private key. The decision was made after building across multiple…

Two U.S. military aircraft were shot down by Iran on April 3 during combat operations, with one crew member rescued and another missing. The incidents contradict U.S. claims of air dominance over Iran. The war has claimed American lives and wounded many, while Iran’s response includes attacks on oil facilities.