Category: crypto

British cybercrime suspect Danny Khan, also known as Danish Zulfiqar, has been detained in Dubai after 3,670 ETH were traced to him by on-chain sleuth ZachXBT. Khan is linked to a Genesis creditor theft using fake support and SIM swap incidents. Authorities have not officially confirmed his arrest, but the case is actively being pursued.

OCC Letter 1188 allows U.S. banks to engage in riskless principal crypto trades between customers without holding inventory, following a 2025 rollback of regulatory hurdles by the Fed, FDIC, and OCC. Banks can now integrate crypto rails into various banking channels while complying with applicable laws and regulations.

UK FCA is making significant changes to retail investment rules post-Brexit. They are eliminating EU PRIIPs disclosures and introducing Consumer Composite Investments for funds and trusts. Wealthy clients with £10m can opt out of consumer duty. These reforms aim to make retail investments more accessible while maintaining consumer protections.

Abu Dhabi’s ADGM now recognizes Tether’s USDT as an Accepted Fiat-Referenced Token across various blockchain networks, expanding its previous approvals. This allows regulated institutions to use USDT for cross-border payments, custody, and settlement. Tether sees this as a step towards financial inclusion and innovation on a global scale.

Bybit’s World Crypto Rankings named Singapore as the top country for cryptocurrency adoption, surpassing the United States. Asia-Pacific markets, including Vietnam and Hong Kong, are also experiencing significant growth in crypto adoption. The report highlights trends such as asset tokenization, the rise of stablecoins, and increased adoption of crypto payrolls.

ZKsync will retire its Lite network in 2026, keeping Ethereum mainnet withdrawals open. Launched in 2020, Lite has been surpassed by ZKsync Era and Elastic Network. Security incidents in 2025 prompted a Vitalik Buterin endorsement. Tradable, Deutsche Bank, and UBS conducted asset-tokenization pilots on ZKsync. Withdrawal functions to Ethereum mainnet will continue during the transition.

Bitcoin experienced a breakout after a week-long range due to Fed rate cut bets and a $150 billion increase in the crypto market cap, leading to a short squeeze with altcoins outperforming BTC. This was fueled by increased risk appetite, institutional adoption announcements, and forced liquidations of short positions.

Andrew Tate questioned why Strategy’s 10,624 BTC purchase did not cause a major price spike in Bitcoin. Changpeng Zhao explained that buying a small fraction of BTC’s market cap does not significantly impact prices due to market depth from ETFs, institutional rebalancing, miner flows, and arbitrage. Bitcoin’s liquidity allows for large purchases with minimal price…

XRP exchange reserves dropped by $1.32 billion in a month as the price fell below key moving averages, signaling lower liquidity and a weak trend. Trading near $2.08, XRP’s reserves on exchanges decreased from $7.03 billion to $5.70 billion, impacting market liquidity and potentially increasing price volatility.

Standard Chartered-backed Aleo Network Foundation is launching USDCx, a privacy-preserving stablecoin on its testnet using Circle xReserve. USDCx will run on Aleo’s zero-knowledge infrastructure while remaining backed by USDC reserves. The initiative aims to combine privacy with compliance for secure, scalable, and interoperable digital payments.