A South Korean court has acquitted Haru Invest CEO Lee Hyung-soo of fraud charges tied to the loss of approximately $650 million in crypto. The 15th Criminal Division of the Seoul Southern District Court delivered the ruling, led by Presiding Judge Yang Hwan-seung. Judge Yang’s Ruling Local media reports revealed that the court found that […]
Binance founder Changpeng Zhao (CZ) has sounded a fresh alarm on the growing threat of AI-powered deepfakes, after a chilling real-life hack compromised Japanese crypto advocate Mai Fujimoto during a routine video call. The incident has renewed calls for stricter security habits as criminals wield advanced AI to breach even trusted communication channels. A Case […]
The Trump family has reportedly reduced its stake in its main crypto venture, World Liberty Financial (WLF). Its parent company, DT Marks DEFI LLC, quietly lowered its ownership from 60% to approximately 40% over the past couple of weeks. Timeline of Events According to a Forbes report, the change was found in the updated fine […]
Nasdaq-listed healthcare technology company, Semler Scientific, has outlined a bold multi-year plan to significantly expand its Bitcoin holdings. The company aims to hold 10,000 BTC by the end of 2025 as an initial milestone. Building on this, it plans to increase its holdings to 42,000 BTC by the end of 2026. By the close of […]
Tron founder Justin Sun recently met with Bo Hines, the Executive Director of the President’s Council of Advisers on Digital Assets of the White House. The talks between the two centered on the role of the Tron network and blockchain technology in advancing U.S. crypto leadership. Details of The Meet-up Sun shared insights in an […]
BlackRock’s industry-leading USD Institutional Digital Fund (BUIDL) will become accepted as collateral on Crypto.com and Deribit, two of the industry’s largest exchanges. The move marks a “major turning point,” said Michael Sonnenshein, COO at Securitize, as it provides another option for collateral provision, reported Forbes on June 18. BUIDL is BlackRock’s first Ethereum-based tokenized money […]
Around 34,000 Bitcoin options contracts will expire on Friday, June 20, and they have a notional value of roughly $3.3 billion. This event is slightly larger than last week’s options expiry, but the impact on spot markets is likely to be minimal. They have been on the back foot all week, losing $30B since Monday, […]
Tether, the issuer of the world’s largest stablecoin, has been commended by the U.S. Department of Justice (DOJ) for assisting in a major enforcement operation. The collaboration led to the seizure of approximately $225 million in USDT tied to a global “pig butchering” scam, a large-scale fraud scheme that used sophisticated crypto tactics to deceive […]
A new report by CryptoQuant ranks the transparency of five major crypto exchanges based on their proof-of-reserves (PoR) practices. The analysis revealed that Binance is leading, while other players like Bybit, OKX, Kraken, and Coinbase are trailing. The PoR Rankings The survey evaluated each exchange’s reserve ratio, a metric calculated by dividing the net customer […]
An average of 566 BTC per day is falling into this long-term “ancient supply” bucket, compared to the current daily issuance rate of 450 BTC, reported Fidelity Digital Assets on June 18. This trend marks the first time in Bitcoin’s history that long-term held coins are growing faster than new supply, potentially reinforcing the asset’s […]