South Korea’s Seoul Southern District Court has sentenced Delio CEO Jeong Sang-ho to 15 years in prison after finding him guilty of fraud involving nearly 70 billion Korean won ($49.2 million) in customer crypto assets. The 11th Criminal Division, presided over by Judge Jang Chan, handed down the sentence on August 13. The court also […]
Although the broader landscape around XRP and the ETFs behind it is nowhere near the peaks from last year, some of the most prominent names on Wall Street have not abandoned it. Just the opposite; the recent SEC filings show that behemoths like Jane Street, Bank of America, Morgan Stanley, UBS, and a few others […]
Equity perpetual futures on major digital asset exchanges reached about $250 billion in monthly volume in July. That marks a seventeenfold jump from roughly $15 billion in April, showing how quickly the market has expanded in just three months. According to analytics firm CryptoQuant, that expansion has turned crypto exchanges into round-the-clock venues for contracts […]
A new academic study has identified 65,340 high-risk address misuse cases on Ethereum and BNB Chain, linked to about $574.8 million in lost crypto. The research shows how ordinary mistakes involving testnet addresses, reused contract addresses, and exposed private keys can become permanent losses, while newer tools such as EIP-7702 give attackers another way to […]
Bank Leumi will offer Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) trading to roughly 2.5 million retail customers from early 2027 through a partnership with Galaxy Digital (GLXY), the two companies said on August 14, in what they describe as the first digital asset trading service offered by a bank in Israel. Customers of Leumi […]
Exchange-traded funds (ETFs) took 25.0% of Gen Z equity trading volume on Binance in the first days of August, up from 14.6% in June. According to a Binance Research report published on August 12, millennials directed 9.5% of their early-August equity volume to the same instruments. Unleveraged ETFs drew 18.5% of Gen Z net equity […]
Baltimore has taken legal action against prediction market operators Kalshi and Polymarket, accusing both companies of offering illegal sports betting in the city. Mayor Brandon M. Scott and the Baltimore City Council filed separate lawsuits on August 13 in the Circuit Court. The cases allege violations of Baltimore’s Consumer Protection Ordinance and accuse the companies […]
XAO DAO is preparing a series of governance changes for the XRP Ledger over the next two to three months, according to Fabio Marzella, the organization’s co-founder. The planned changes would let members delegate voting power, adjust quorum rules, and access community mini-grants, as the DAO looks to make participation easier and more representative, at […]
XRP has shed more than 10% over the past week as its struggle near $1 continues. This downward pressure has pushed the crypto asset’s yearly losses to almost 70%. Despite the negative sentiment, institutional participation appears to be intact, as several firms continue to use exchange-traded products to gain exposure to XRP. Institutions Remain Unfazed […]
On August 13, Trezor disclosed that a data breach at its shipping partner, ShipMonk, exposed the personal information of roughly 13,700 recent customers, including names, phone numbers, and home addresses. Binance founder Changpeng Zhao (CZ) responded by arguing that the incident shows a real advantage of software self-custody wallets, since they don’t require shipping a […]