The US government sanctioned an individual and two crypto exchanges it said facilitated money laundering for a combined $5 million in digital assets linked to Iran. The US Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions against two digital asset exchanges it said that “the Iranian regime relies on to launder billions of...Continue Reading

The rollout gives X Layer users access to Circle-issued USDC and crosschain transfers as the stablecoin expands across major blockchain ecosystems. Circle has launched its USDC stablecoin on X Layer, OKX’s Ethereum layer-2 network, extending the stablecoin to an ecosystem connected to one of the world’s largest cryptocurrency exchanges by trading volume. Circle announced Friday...Continue Reading

As the chairman of the Reform UK calls for an investigation into a FTX-linked political donation, the party’s leader prepares to face voters amid his own crypto-related scandal. The chairman of the UK’s Reform party has called for an investigation following reports of a $50,000 political donation linked to former FTX CEO Sam “SBF” Bankman-Fried....Continue Reading

Crypto business is converging with banking as stablecoin reserves, tokenized funds, Treasury income and balance sheet management become key profit drivers. At first glance, this week’s biggest business stories could have come straight from Wall Street. BlackRock launched tokenized money market funds for stablecoin reserves. Tether generated another $1.5 billion in profit from its US...Continue Reading

Bitcoin hit month-to-date highs above $65,000 as risk-assets gained on low US nonfarm payrolls data. Bitcoin (BTC) hit new August highs into Friday’s Wall Street open as markets reacted to weaker US jobs numbers. Key points: Data from TradingView showed BTC/USD hitting $65,340 on Bitstamp, up 1.3% on the day, as fresh US labour-market data...Continue Reading

Ethereum’s proposed EIP-8363 staking overhaul aims to reduce issuance, but critics say it could hurt DeFi, decentralization and institutional adoption. Ethereum researchers just wanted to reduce staking incentives. Instead, they sparked one of the biggest debates over the network’s economics since the Merge. Ethereum Improvement Proposal EIP-8363, or “Tapered Issuance Burn,” would gradually reduce staking...Continue Reading

Perpetual futures trading volume on crypto exchanges fell to its lowest level in 31 months, while perpetual trading on decentralized platforms neared a one-year low. Crypto perpetual futures trading volume on centralized cryptocurrency exchanges (CEXs) fell to $4 trillion in July, marking a 31-month low last seen in December 2023. Binance led CEXs with $1.4...Continue Reading

Russia has shut down nine unregistered crypto exchanges in Moscow, with the FSB alleging they helped move scam proceeds abroad through Ukrainian call centers. Russia’s Federal Security Service (FSB) has raided nine unregistered crypto exchange services in Moscow over alleged money laundering involving fraud proceeds that authorities linked to Ukraine-based scam call centers. The agency...Continue Reading

Dice entropy may become the new gold standard after the Coldcard hack In light of the catastrophic low-entropy bug in Coldcard hardware wallets, linked to publicly observed thefts beginning on July 30, Bitcoin holders have started to re-evaluate the trust assumptions in their hardware wallet setups.  The Coldcard devices were equipped with apparently functional STM32...Continue Reading

Binance saw a record divergence between daily spot and futures trading volumes, with the latter reaching nearly $58 billion. Bitcoin (BTC) derivatives trading volumes are now nearly eight times higher than spot markets on Binance. Key points: Read moreContinue Reading