Category: crypto

Polymarket has referred nearly 100 suspicious crypto wallets to law enforcement due to insider trading concerns in prediction markets. Around $200 million in flagged trades were identified, mostly in geopolitical markets. Recent cases involving Venezuela and Google have increased scrutiny. Polymarket’s surveillance has expanded as regulators investigate potential misuse of nonpublic information.

Celsius co-founders Shlomi Daniel Leon and Hanoch “Nuke” Goldstein will pay a combined $6.5 million to settle FTC charges related to the collapsed crypto lender. The settlements follow former CEO Alex Mashinsky’s $10 million agreement in April. The FTC accused them of misleading customers about the safety of deposits with Celsius.

Patrick Witt, White House crypto adviser, will remain in his role after deferring military training. He plays a key role in negotiations for the CLARITY Act, with unresolved ethics language posing a threat to the bill’s vote. Deputy Harry Jung’s exit adds to the uncertainty surrounding the bill’s progress in the Senate.

The London Stock Exchange is planning to launch an overnight trading venue in the first half of 2027 to meet retail demand for always-open global market access. The new platform will initially offer exchange-traded products linked to U.K. and U.S. stock markets, allowing investors to trade beyond standard hours.

Ripple CTO Emeritus David Schwartz regrets selling some of his early XRP and Ethereum holdings due to risk management decisions rather than a loss of confidence in cryptocurrency. He sold at new highs based on a family agreement, reducing long-term exposure to crypto assets despite later price gains.

Base founder Jesse Pollak revealed that Base is working with Coinbase on a tokenized equities product backed 1:1 by underlying shares. This model contrasts with Robinhood’s stock-token structure and aims to represent actual equity ownership with dividend payments and shareholder rights. Specific details about the product have yet to be disclosed.

ENS DAO has activated a new eight-member Security Council with veto power to cancel malicious governance proposals before execution. The council operates for two years under a five-of-eight multisig structure, requiring at least five members to agree before blocking a transaction. The move follows recent governance attacks and aims to provide a final security check…

Senate Democrats have strengthened customer protection measures in the CLARITY Act negotiations for the crypto market structure bill. Despite unresolved ethics provisions, changes have been made to safeguard digital asset users. The Senate has yet to release the final text or schedule a floor vote before the August recess. Polymarket traders put the chance of…

Wanchain’s Cardano-to-BNB Chain bridge was exploited, resulting in the loss of 515 million NIGHT tokens from the Cardano side treasury. The exploit was isolated to the bridge infrastructure, triggering a 30% drop in NIGHT’s value. The incident highlighted the ongoing security challenges faced by cross-chain bridges in the cryptocurrency industry.

UK lawmakers are investigating claims that banks are unfairly restricting banking services and payments for cryptocurrency firms. The inquiry will gather evidence and make recommendations to the government. This comes as the UK works on regulations for digital assets, stablecoins, and tokenized finance. The inquiry aims to understand the impact on consumers, businesses, and competition.