Category: crypto

Bitcoin futures open interest increased by 10% due to a price rally, sparking a trading frenzy on smaller exchanges. Binance, the largest exchange, saw only moderate growth, indicating that most of the trading activity was happening on mid-sized exchanges.

Asia Web3 Alliance Japan has proposed a joint regulatory partnership with the US to advance tokenization and web3 development. Concerns include the lack of clear token classification and regulatory pathways for startups. The proposal aims to establish shared standards, regulatory interoperability, and a safe harbor mechanism to support innovation and cross-border token issuance.

World Liberty Financial (WLFI) has revealed plans to launch USD1, a US dollar-pegged stablecoin on Ethereum and Binance Smart Chain. Backed by US Treasury bills, fiat deposits, and cash equivalents, USD1 will be audited by a third-party firm and held by BitGo. WLFI aims to challenge USDT and USDC with a hybrid decentralized finance approach.

BlackRock, the world’s largest investment firm, expanded its presence in the crypto industry by launching its first Bitcoin exchange-traded product in Europe and extending its tokenized money market fund to the Solana blockchain. The Bitcoin ETP will trade on major European exchanges with reduced fees until 2026. The BUIDL fund, now live on Solana, offers…

Blockchain security firm Cyvers reported a security breach on DeFi platform Abracadabra’s MIM_Spell platform, resulting in the loss of 6,262 ETH, worth $12.9 million. The attacker quickly moved the stolen funds to three wallets. MIM confirmed the breach and is assessing the situation, offering a bug bounty to the hacker. GMX clarified that its smart…

World Liberty Financial (WLFI) cautioned investors about fake versions of its upcoming USD1 stablecoin, clarifying that it is not yet available for trading. Despite investing $28.6 million in digital assets, the project has realized a loss. Scammers have already created imitation tokens, prompting WLFI to warn the public to stay vigilant.

Arizona, Kentucky, and Oklahoma have introduced new legislation to support Bitcoin. Arizona is proposing the creation of a Strategic Digital Assets Reserve and allowing investments in Bitcoin. Kentucky has enacted a law protecting Bitcoin users’ rights, while Oklahoma has approved a bill allowing the state treasurer to invest in Bitcoin.

Crypto.com has partnered with Trump Media & Technology Group and Yorkville America to launch TMTG-branded ETFs featuring digital and traditional assets like Bitcoin and CRO token. The ETFs will be sold through Crypto.com app, sparking criticism over the reissuing of 70 billion CRO tokens that were initially burned in 2021.

Binance has taken action against internal misconduct and market irregularities related to the MOVE token. An employee was suspended for insider trading, while a market maker engaged in manipulative trading practices was banned. Binance is cooperating with authorities and has tightened internal controls to prevent similar incidents. The company is also rewarding whistleblowers who report…

Senator Elizabeth Warren has raised concerns about SEC chair nominee Paul Atkins’ history of light-touch regulation, ties to failed crypto exchange FTX, and involvement in efforts to dismantle investor protections. In a letter, Warren questioned Atkins’ impartiality, conflicts of interest, and potential return to pre-crisis deregulation. Atkins has not publicly responded.