Category: crypto

TRM Labs reported that Russian darknet marketplaces dominated crypto-linked drug transactions in 2024, accounting for over 97% of drug-related activity on Bitcoin and TRON networks. Factors contributing to their success include low enforcement threats, cheap imports, and high demand for synthetic narcotics. Vendors are shifting to encrypted messaging platforms for increased security and operational stability.

The crypto payments platform UPCX suspended deposits and withdrawals after a security breach resulted in the potential loss of $70 million in digital assets. Unauthorized access to a management account led to the movement of 18.4 million UPC tokens. Security experts at Cyvers flagged the issue, emphasizing the need for enhanced security measures.

The Digital Sovereignty Alliance (DSA), a nonprofit organization dedicated to advancing clear and ethical public policy, made an impact at the DC Blockchain Summit 2025 as a Silver Tier Sponsor. DSA participated in panel discussions and hosted a cocktail reception, advocating for regulatory clarity and fostering innovation in blockchain and digital assets.

Senator Ted Cruz introduced the FLARE Act to repurpose flared gas for Bitcoin mining and other digital assets, providing tax incentives for companies. The bill aims to reduce emissions, encourage innovation, and align economic incentives with environmental goals. Industry experts and organizations have welcomed the proposal for its potential benefits.

Kentucky has dropped its lawsuit against Coinbase over crypto-staking services. This signals a shift in regulatory sentiment, with Vermont and South Carolina also dismissing suits. Coinbase’s Chief Legal Officer calls for a national regulatory framework. Despite legal victories, concerns remain over Coinbase’s dominance in Ethereum staking and potential centralization risks.

Bangkok-based Kliff Capital has invested $3 million in Sora Ventures to expand Bitcoin-centric corporate treasury models in Asia. Sora Ventures aims to promote institutional adoption of Bitcoin among publicly listed companies. The collaboration will focus on tailored strategies for regulatory diversity in Asian markets to advance Bitcoin-based treasury management.

Metaplanet recently acquired 696 BTC worth $67.8 million, increasing their total Bitcoin holdings to 4,046 BTC. This move has propelled them to the ninth spot among publicly traded companies with Bitcoin exposure. The firm’s aggressive actions, including issuing bonds and selling put options, have proven successful in generating revenue and increasing their Bitcoin reserves. Metaplanet’s…

Backpack crypto exchange has launched the claims process for former FTX EU users. Claimants must complete KYC verification with the same email address used on FTX EU to prevent fraud. Backpack aims to return funds quickly and safely. The acquisition of FTX EU by Backpack allows for compliant crypto derivatives in the EU.

TRON DAO, a community-governed organization focused on decentralizing the internet through blockchain technology, demonstrated industry leadership at the DC Blockchain Summit 2025 as a Gold Tier Sponsor. They discussed combating financial crime and freezing assets, with T3 FCU freezing over $150 million in criminal assets globally. Visit TRON DAO’s website for more information.

Tether, the issuer of USDT stablecoin, acquired 8,888 Bitcoin in Q1 2025, worth $735 million. This raises their total Bitcoin holdings to 92,647 BTC, valued at $7.64 billion. Tether’s acquisition strategy involves allocating 15% of quarterly profits to Bitcoin. They are also expanding into AI, telecommunications, and other industries.