Binance has reported a reduction in its exposure to sanctioned entities, citing a 97% decline since January 2024. The announcement follows accusations of sanctions violations and claims that investigators were dismissed for raising compliance concerns. Binance Outperforms Global Peers Recent reports from Fortune claimed that several investigators were terminated after flagging over $1 billion in […]
Investor appetite for digital asset funds remains muted after $288 million in weekly outflows. This is the fifth week in a row of redemptions, which propelled aggregate withdrawals to $4 billion, still trailing the $6 billion logged last year. Market participation has thinned significantly, as ETP trading slid to $17 billion, the weakest level since […]
XRP Ledger activity has dropped steeply, with public metrics showing active users, payment volume, and sender accounts falling between 50% and 80% within weeks, according to market watcher Arthur. The data has sparked debate over whether the network is weakening or simply shifting activity away from public dashboards after a new institutional trading feature went […]
South Korea’s financial authorities are facing criticism after failing to spot major flaws in Bithumb’s systems that led to an unprecedented Bitcoin error. Despite repeated inspections by the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), a vulnerability remained that allowed a single employee to trigger massive coin transfers without detection. Bithumb Crypto […]
It almost felt inevitable after the latest developments on Trump’s tariff front that bitcoin’s price would eventually head south after a relatively calm weekend. Recall that the US Supreme Court ruled that many of the POTUS’s tariffs imposed in the past year were illegal, determining that he should have been unable to use the IEEPA […]
Nearly 3 million Bitcoin (BTC), worth approximately $200 billion and representing 15% of the circulating supply, currently sits on centralized exchange platforms. The concentration of assets on trading venues reveals that, despite the shock of the FTX collapse in 2022 and years of industry messaging around self-custody, about one out of every six BTC in […]
Crypto venture capital firm Dragonfly Capital has closed its fourth fund at $650 million. The fund comes as the broader cryptocurrency market faces a severe downturn, with token prices declining and investor enthusiasm weakened. $650 Million Fund Dragonfly’s previous fund, its third, deployed $500 million into startups such as Polymarket, Rain, and Ethena. The new […]
Cryptocurrency payments to suppliers of fentanyl precursor chemicals began falling in mid-2023, months before overdose deaths declined. This pattern suggests that blockchain data may provide an early signal of disruptions in the illicit drug supply, according to a new report from Chainalysis. Early Disruption in Fentanyl Supply The blockchain data company observed a measurable drop […]
Ethereum co-founder Vitalik Buterin holds more than 240,000 ETH, currently valued at approximately $467 million, according to blockchain intelligence platform Arkham’s investigation into his on-chain holdings. The analysis established Buterin as the largest accessible individual holder of Ethereum, though institutional players and exchange wallets dominate the top rankings of ETH ownership. Buterin’s Portfolio Composition and […]
The European banking giant Société Générale has launched its euro stablecoin, EUR CoinVertible (EURCV), on the XRP Ledger (XRPL) as part of a multi-chain expansion strategy. According to an official announcement from SG-Forge, a subsidiary of the Société Générale Group specializing in digital assets, the move aims to increase adoption of the EURCV by leveraging […]