Category: crypto

Former Hodlnaut CEO Zhu Juntao was charged with six counts of fraud by false representation by Singapore police on May 26. The charges are related to alleged false statements denying direct exposure and losses from TerraUSD claims after the crash in 2022. Hodlnaut had faced claims of $190 million in UST-linked losses before becoming defunct…

Bitget has launched Reality, a regulated platform issuing tokenized U.S. stocks and ETFs through on-chain “rTokens.” The platform supports minting, redemption, stablecoin dividend payouts, and DeFi-compatible assets. Bitget aims to dissolve boundaries between traditional markets and crypto, with plans to expand into bonds and Treasuries. Wall Street firms are also discussing tokenization growth.

Binance partners with BlockShoals Technologies to re-enter the Philippines through the SEC’s StratBox sandbox framework. BlockShoals will act as the local intermediary while Binance provides technology and compliance support. The partnership aims to provide a tailored platform experience within a supervised environment, following Binance’s block in the Philippines due to licensing concerns in 2024.

Australia’s corporate watchdog, ASIC, has issued a warning about fake crypto platforms targeting young investors through messaging groups. Scammers pose as successful traders in these groups, directing users to fake sites where deposits go straight to criminals. Recovery scams are also prevalent. ASIC advises verifying firms through AUSTRAC before sending funds to prevent fraud.

BitMine Immersion Technologies now controls 4.47% of Ethereum’s total supply, with 5.39 million ETH valued at $12.3 billion. The company plans to reach a 5% goal and generate $276 million annually through staking. Concerns arise about network governance and consensus capture as BitMine becomes a significant player in Ethereum’s ecosystem.

BitMine Immersion Technologies has been included in the preliminary list for Russell 1000, raising hopes for passive investors in Ethereum treasury-linked BMNR shares. BitMine holds 5.28 million ETH and added 71,672 tokens recently. The reconstitution of indexes will take place on June 26, 2026. BMNR’s market cap is currently around $8.58 billion.

Indonesia blocked access to Polymarket after users bet on President Prabowo Subianto leaving office early. The government classified Polymarket as online gambling, violating Indonesian law. This ban follows similar actions in India and other countries. Prediction markets are increasingly seen as gambling products rather than forecasting tools globally.

BlackRock sold over $1 billion in Bitcoin last week, coinciding with the largest weekly outflow of U.S. spot Bitcoin ETFs in 2026. Despite market uncertainty, BlackRock continues to expand into blockchain-based financial products, filing a second tokenized fund application with the SEC through Securitize. Other institutions are also exploring tokenized asset products.

An exploit targeting the SquidRouterModule on Ethereum and Base resulted in 86 Gnosis Safes being drained of about $3 million in just two hours. The stolen tokens were swapped into DAI through Uniswap V3 pools. This incident adds to a wave of DeFi exploits in May targeting wallets, bridges, and stablecoins.

Kenya’s Finance Bill 2026 includes new reporting requirements for crypto platforms and taxes on digital payments to enhance tax collection. Virtual Asset Service Providers must submit annual reports to the Kenya Revenue Authority. The bill also introduces taxes on card transactions and fintech services. South Africa is proposing stricter oversight of crypto assets. Businesses are…