Market
FTX estate misses out on $3B Cursor stake value after $200K sale in 2023
The FTX estate sold its Cursor stake for $200K in 2023, now worth $3B after a SpaceX-linked valuation surge, raising questions about bankruptcy asset sales.
Latest
Regulation
BIS warns cryptocurrency exchanges are becoming ‘shadow banks,’ and why that's a risk
The Bank for International Settlements (BIS) has issued a warning that cryptocurrency exchanges are increasingly operating like "shadow banks," posing potential systemic risks to the global financial system. In a new report published Thursday, the Basel-based organization highlighted how major crypto platforms have expanded beyond simple trading services
Technology
More than 90% of Web3 games failed after $15 billion boom as gamers never showed up: Caladan
More than 90% of Web3 games have failed to attract meaningful player bases despite the sector receiving over $15 billion in investment funding, according to a new report from blockchain analytics firm Caladan. The research reveals that the vast majority of blockchain-based gaming projects launched during the recent boom period
Regulation
Tether freezes $344 million in USDT on Tron after wallets flagged by US authorities
Tether says it froze $344 million in USDT on Tron in coordination with OFAC and U.S. law enforcement, one of the largest freezes on record.
Market
BlackRock drives 7-day Bitcoin ETF inflow streak as BTC nears $80,000
US-listed spot Bitcoin ETFs recorded a seven-day inflow streak totaling $1.9 billion, surpassing their March run over a similar period.
Technology
MetaMask Co-founder Dan Finlay announces departure from Consensys
Finlay highlighted the launch of Advanced Permissions, which allows dApps to execute multiple transactions on behalf of a MetaMask user.
Regulation
Sam Bankman-Fried withdraws new trial motion for now, says he won’t get ‘fair hearing’ from judge
SBF withdrew his motion for a new trial for now in a letter to Judge Lewis Kaplan, adding that he didn't think he would get a "fair hearing."
Macro
The U.S. Military Is Running a Bitcoin Node, Admiral Paparo Reveals
Bitcoin Magazine The U.S. Military Is Running a Bitcoin Node, Admiral Paparo Reveals The U.S. military is actively running a Bitcoin node and testing the protocol’s cryptographic architecture as a tool for securing and protecting networks, according to INDOPACOM commander Admiral Samuel Paparo. This
Regulation
Crypto bill nears stablecoin rewards breakthrough as talks hit ‘good spot,’ but ethics concerns set to resurface
After months of negotiations over how a crypto bill should treat stablecoin rewards, a key negotiator says discussions are in a "good spot."
Exchange
Crypto giant GSR launches its first ETF to give investors an easy way to bet on the big 3 tokens
Cryptocurrency market maker GSR has launched its first exchange-traded fund (ETF), offering investors simplified exposure to what the company calls "the big 3 tokens." The new fund provides a single investment vehicle for accessing the three largest cryptocurrencies by market capitalization, eliminating the need for investors to purchase
Security
Lazarus-linked macOS malware hits crypto and fintech firms
Security researchers linked a new “Mach-O Man” malware kit to a Lazarus campaign that uses fake meeting invites and ClickFix prompts to steal credentials and access corporate systems on macOS.
Regulation
UK cracks down on illegal peer-to-peer crypto trading in nationwide raids
The Financial Conduct Authority has raided eight locations suspected of illegal peer-to-peer crypto trading, issuing cease-and-desist orders.