Category: crypto

The SEC is reconsidering a rule that would impose stricter custody requirements on investment advisers holding crypto and other assets. This rule, initially supported by former SEC Chair Gary Gensler, aimed to protect investors but is now being reevaluated due to concerns over its broad scope and potential negative impacts on the crypto industry. The…

A senior ECB official warned that Trump’s push for crypto adoption could lead to financial instability, urging EU policymakers to strengthen regulations. European regulators are concerned about the US’s pro-crypto stance, as it could trigger market turbulence. The ECB is developing a digital euro as a safer alternative to private cryptocurrencies.

Ripple has filed a trademark for “Ripple Custody” as part of its strategy to expand into the growing custody sector. The filing includes downloadable and cloud-based software to protect cryptocurrencies and fiat currencies. Ripple has made significant investments in custody offerings, acquiring key industry players like Metaco and Standard Trust. The company aims to provide…

French central bank governor Francois Villeroy de Galhau criticizes U.S. president Donald Trump for supporting cryptocurrencies, warning that it could lead to financial instability. Villeroy de Galhau has been vocal about his concerns regarding Trump’s economic policies and deregulation, calling it risky and dangerous for the American economy.

A Bitcoin whale on Hyperliquid made a $450 million short position on BTC perpetual futures with 40x leverage and a liquidation price of $85,290. The trader also holds a long position on Melania Trump tokens. Previous leveraged Ethereum trade resulted in a $4 million loss. Attempts to counter the whale’s position failed. Bitcoin’s price is…

OKX has suspended its Web3 decentralized exchange aggregator following discussions with European regulators. The suspension is part of efforts to enhance security measures and prevent misuse of the platform. European authorities are investigating allegations that hackers linked to North Korea’s Lazarus Group used OKX Web3 to launder funds stolen in the recent Bybit hack. OKX…

South Korea’s central bank has ruled out Bitcoin as part of its foreign exchange reserves, citing concerns about liquidity, stability, and price fluctuations. This contrasts with the United States’ move to establish a strategic Bitcoin reserve. Meanwhile, North Korea has become one of the largest state-backed holders of Bitcoin, acquiring it through cybercriminal activities to…

Last week, crypto exchange-traded products (ETPs) saw $1.7 billion in outflows, marking the fifth consecutive week of capital flight and bringing total outflows to $6.4 billion. The US dominated Bitcoin outflows, while XRP stood out with $1.8 million in fresh inflows, reaching a record high of $1.2 billion in total assets under management.

Thailand’s Central Investigation Bureau seized 63 illegal crypto mining machines worth $60,000 from abandoned houses in Pathum Thani province. Locals reported theft of electricity from utility poles and transformers, suspected for mining operations. Authorities estimate over $327 million in losses. No arrests made, but investigation continues to find ring leader and accomplices.

Founder of Telegram, Pavel Durov, flew to Dubai from France with court permission after facing legal trouble in France. He was arrested on charges of complicity in illicit activities, including child exploitation and drug trafficking. Durov’s departure to Dubai has raised concerns about jurisdiction and privacy, but the crypto market has reacted positively.