Category: crypto

US prosecutors are opposing a new trial for Sam Bankman-Fried, claiming he has not provided a legal basis to overturn his conviction related to the collapse of FTX. Bankman-Fried had requested a new trial, citing potential new evidence, but prosecutors argue that his arguments do not meet the legal threshold for a retrial.

Metaplanet Inc shares fell by 4.6% despite announcing a major expansion of its digital asset strategy, including a ¥4 billion venture initiative focused on the Bitcoin ecosystem. The company will invest in two new subsidiaries, with the first investment being up to ¥400 million in Japan’s licensed yen stablecoin project.

Large investors are accumulating Ethereum from major exchanges, with over 74,000 ETH withdrawn from Binance and Kraken. The price of Ethereum is stabilizing near $2,050 after a correction in February. A breakout above $2,200 could indicate a bullish move. Whale withdrawals suggest institutional investors are preparing for potential price movement.

Ghana has admitted 11 crypto trading platforms into a regulatory sandbox under the Securities and Exchange Commission. The 12-month pilot will allow platforms to test their services under the Virtual Asset Service Providers Act. The data collected will guide future licensing guidelines for digital asset services in Ghana.

Wells Fargo has applied for a trademark for “WFUSD,” hinting at a possible blockchain-based payment token or stablecoin. The move comes as Wall Street banks prepare for clearer U.S. stablecoin regulations. The filing covers financial services related to digital assets, suggesting Wells Fargo may be preparing a dollar-pegged digital asset.

Ayush Varshney, co-founder of Darwin Labs, was arrested by the Central Bureau of Investigation for his alleged involvement in the GainBitcoin crypto fraud scheme. Varshney was intercepted at Mumbai airport while trying to leave the country. The investigation involves misappropriation of funds and high returns promised to investors in a Ponzi-style scheme.

The Bonk.fun team warned users of a domain hack that led to a malicious wallet drainer being deployed. Users who signed a fake approval message after the breach were affected, with one trader reporting a loss of $273,000. The team is working to secure the domain and investigate the incident to protect users.

Security researchers at Ledger found a flaw in Android smartphone chips allowing attackers to access encrypted data like passwords and private keys in seconds with a USB connection. The vulnerability affects MediaTek and Trustonic TEE chips, potentially impacting millions of devices. Ledger advises using secure elements for key protection.

Binance’s U.S. affiliate, Binance.US, has appointed compliance executive Stephen Gregory as CEO to navigate tougher U.S. regulations. Gregory replaces Norman Reed and plans to expand services and enhance compliance to position Binance.US as a regulated U.S. venue. The move aims to rebuild market share and improve the platform’s reputation.

Bitpanda’s 2025 revenue increased by 16% to €371M with 7.4M users, MiCA licensing live, and focus on multi-asset trading and B2B infrastructure. Revolut gains approval for Revolut Bank UK with full banking status, offering FSCS protection up to £85,000. Bitpanda expands beyond crypto trading into asset types and white-label infrastructure. Regulatory wins include EU-wide MiCA…