Category: crypto

The World Gold Council is proposing a “Gold as a Service” platform to standardize and scale tokenized gold products in digital financial systems. This platform aims to link physical gold custody with digital issuance frameworks, streamline processes like compliance and redemption, and improve accessibility and liquidity in digital gold markets.

South Korea’s National Tax Service is looking to appoint a private custodian for seized crypto assets following a security breach that led to $4.8 million in unauthorized transfers. The agency will evaluate providers based on security standards, company size, and insurance coverage under the Virtual Asset User Protection Act.

Iran’s IRGC launched retaliatory strikes on energy facilities across the Persian Gulf, causing major output shutdowns and supply fears. This led to a surge in global energy prices, affecting markets and pushing the region towards a recession. Trump called for de-escalation as the conflict escalated, impacting the global economy and crypto markets.

DDC Enterprise purchased 200 BTC at an average price of $79,969 each, increasing its total BTC holdings to 2,383 valued at approximately $165 million. This move pushes its market cap above $66 million, demonstrating a commitment to aggressive Bitcoin accumulation despite market volatility and geopolitical risks.

Total crypto liquidations hit $458 million in 24 hours, with $357 million from long positions and $101 million from shorts. Bitcoin longs lost $138 million, Ethereum longs lost $82.6 million. A $10.8 million BTC-USD long on Hyperliquid was the largest liquidation. Global risk assets were affected by Iranian Gulf strikes, causing leveraged traders to be…

Trump is pressuring Powell to cut interest rates to 1% despite the Fed holding rates at 3.50%–3.75% and warning of stagflation risks from the Iran oil shock. The Fed expects only one rate cut in 2026. Economists fear cutting rates could worsen inflation, while holding steady could harm the economy.

JPMorgan cuts its S&P 500 target from 7,500 to 7,200, warning of complacency about Iran war risks, oil over $110, and damage to growth, earnings, and stocks. The bank urges caution as markets are underestimating the potential economic fallout from ongoing geopolitical tensions in the Middle East.

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A California court dismissed a Coinbase user’s attempt to block an IRS summons for his financial records due to failure to meet notification rules within the 90-day deadline. The user had challenged the summons on privacy and scope grounds, but the court ruled against him. This reinforces the IRS’s authority to obtain user financial records.

Crypto scammers are targeting developers through a GitHub phishing campaign posing as OpenClaw. Victims are promised $5,000 in $CLAW tokens and directed to a fake website to connect their wallets, leading to wallet draining. OX Security warns of obfuscated code and targeted tactics, with no confirmed victims reported.