Category: crypto

Project 0 is introducing a new unified margin system with Kamino, allowing traders to manage collateral across platforms in a single account. This eliminates the need for separate overcollateralized accounts on different platforms. Initially available to the top 5,000 users, a full rollout is expected soon.

Blue-chip altcoins like Ethereum, Solana, and XRP led the market recovery after a major liquidation event. Ethereum bounced back to $4,000, Solana attracted fresh capital, and XRP reclaimed key levels. Experts discussed why these altcoins were leading the recovery, highlighting factors like fundamentals and institutional capital inflows.

Citi is reportedly developing a crypto custody service for institutional clients, aiming for a full launch by 2026. The bank plans to use a hybrid model combining in-house systems and third-party partnerships to securely hold native cryptocurrencies. This move reflects Citi’s broader pivot towards blockchain-based financial infrastructure.

CME Group launched CFTC-regulated options for Solana and XRP, expanding institutional access to these altcoins. Trading in both options is now live on the exchange, following strong trading volumes for Solana and XRP futures. This move reflects growing institutional interest in major altcoins like SOL and XRP.

Poland’s national security chief believes Russia has been using cryptocurrencies to fund espionage operations across EU countries. Russian intelligence operatives have infiltrated Poland, and there are concerns about foreign powers financing espionage through cryptocurrencies. Poland is advancing a bill to regulate digital assets to counter Russia’s crypto funding efforts. Russia has a history of using…

Ukrainian crypto influencer Konstantin Galish, known as Kostya Kudo, was found dead in his Lamborghini in Kyiv with a gunshot wound, amid a cryptocurrency market downturn. Authorities are investigating possible links to a $30 million crypto loss during the market crash. Galish was a prominent trader and educator in the crypto community.

The U.K.-listed Bitcoin treasury firm Smarter Web Company has purchased $12.1 million worth of Bitcoin, bringing its total holdings to 2,650 BTC as part of its long-term plan. Despite growing corporate Bitcoin treasuries, the novelty and market enthusiasm for this strategy seem to be decreasing, impacting the company’s stock price.

Crypto.com in the UAE has received IPA for SVF license, allowing residents to pay government fees in digital assets converted to UAE dirhams. This approval builds on their existing VASP license from VARA. The UAE is also progressing with a Digital Dirham CBDC and a dirham-backed stablecoin, AE Coin, for digital transactions.

Indian crypto exchange WazirX has received court approval for its restructuring plan after losing $230 million in a 2024 cyberattack. The Singapore High Court’s approval reverses an earlier rejection, allowing the exchange to move forward with repayments and recovery measures. The exchange still faces legal pressure in India related to its ties with Binance.

The Hong Kong Legislative Council has released a special bulletin detailing the latest developments regarding stablecoins in the region, specifically focusing on renminbi-backed stablecoins. Major Chinese state-owned enterprises such as PetroChina and the Bank of China are interested in obtaining licenses to issue their own stablecoin pegged to the Chinese currency. The government is seeking…