Category: crypto

Ethereum has raised its network gas limit to 32 million units, with plans to increase to 36 million, after a validator vote. This adjustment aims to accommodate more transactions, reduce congestion, and enhance the network’s scalability for DeFi and dApps. Community reactions are positive, with expectations of further improvements in the future.

In January, crypto phishing scams led to $10.25 million in losses for 9,220 victims, a 56% decrease from December. Ethereum users were hit the hardest, with over 80% of stolen funds. Scam Sniffer noted an increase in sophisticated attacks, including transaction simulation spoofing and fake safeguard scams on Telegram targeting Solana users.

: On Feb. 3, spot Bitcoin ETFs experienced a net outflow of $235 million, following a four-day streak of net inflows totaling $1 billion. The outflows were triggered by Bitcoin’s drop to a three-week low, attributed to President Trump’s announcement of new tariffs on imports from Canada, Mexico, and China.

President Donald Trump issued an executive order to establish a sovereign wealth fund for the United States to enhance fiscal sustainability, ease tax burdens, and secure economic stability. The fund aims to promote national prosperity and could potentially include investments in Bitcoin. However, current betting trends suggest a low probability of Bitcoin exposure in the…

Bitcoin reached a daily low of $91,341.25 on Feb. 3 due to Trump’s tariffs remarks, but remains structurally strong. It surged in January, hitting an all-time high of $109,590 before closing at $102,470. Bitcoin’s correlation with US equity markets has strengthened, and it has shown resilience despite recent pullbacks.

Coinbase users lose over $300 million annually to social engineering scams, with $65 million stolen between December 2024 and January 2025. Scammers target victims through fake emails and websites, with some funds traced to a consolidation address. Coinbase faces criticism for security vulnerabilities and lack of timely response to incidents. Measures to improve security include…

Kraken has obtained a MiFID license in the EU through the acquisition of a Cypriot investment firm, approved by CySEC. This allows the exchange to offer regulated derivatives trading to sophisticated crypto investors in European markets. Kraken is also relaunching on-chain staking services for US clients and expanding its regulatory presence.

The Subcommittee on Oversight and Investigations will hold a hearing titled “Operation Choke Point 2.0: The Biden Administration’s Efforts to Put Crypto in the Crosshairs” on Feb. 6. It will examine the impact of regulatory actions on the crypto industry, assess the effects on firms and employees, and discuss necessary policy measures. Witnesses include Coinbase’s…

Andean Medjedovic is facing a five-count criminal indictment for allegedly stealing $65 million by exploiting KyberSwap and Indexed Finance. He remains at large as of Feb. 3. The US Department of Justice has charged him with various crimes including wire fraud and money laundering. KyberSwap has reimbursed affected users.

Coinbase has become the largest registered Virtual Asset Service Provider in the UK, after receiving approval from the Financial Conduct Authority. This milestone allows the exchange to facilitate crypto and fiat transactions for UK users while complying with regulations. Coinbase’s international expansion strategy includes recent approval in Argentina.