An inspection found slow reconciliation cycles and weak trade-halting systems across major crypto exchanges. South Korea has ordered all crypto exchanges to reconcile their internal ledgers with actual asset holdings every five minutes after an inspection uncovered weaknesses in internal controls. The directive was announced on Monday by the Financial Services Commission (FSC) after a meeting with top crypto exchanges and the Digital Asset Exchange Alliance (DAXA), during which they discussed the findings of an emergency inspection triggered by the Bithumb payout incident. The inspection found that three of the country’s five major exchanges were reconciling balances only once every 24 hours, limiting their ability to respond quickly to discrepancies. Systems designed to halt trading during major mismatches were also found to be insufficient, raising concerns about how exchanges would handle large-scale errors. Read more
XRP’s profitable supply fell to 43% as high capitulation and a bearish chart setup signaled a potential drop toward $1.10 in the coming weeks. XRP (XRP) is staring at a potential drop toward $1.10, as a decline in profitable supply suggests growing bearish momentum and a classic setup for new lows. Key takeaways: XRP supply in profit has dropped to 43%, levels last seen in November 2024. Read more
Operation Atlantic is a cross-border law enforcement effort to detect and disrupt crypto scams in real time, targeting approval phishing before funds are fully drained. Crypto scams have become highly sophisticated cross-border operations that exploit advanced technology and human psychology. By the time victims become aware of the fraud, the stolen cryptocurrency is often rapidly dispersed across a chain of wallets and exchanges in multiple countries. Operation Atlantic represents a coordinated international effort by law enforcement agencies from the US, the UK and Canada to counter this threat. Rather than limiting itself to post-incident investigations, the operation focuses on identifying, tracking and disrupting crypto scams while they are still in progress. The initiative brings together key agencies, including the US Secret Service, the US Attorney’s Office for the District of Columbia, the Ontario Provincial Police, the Ontario Securities Commission, the Royal Canadian Mounted Police, the UK Financia...
Binance said it will roll out a spot trading rule on April 14, restricting executions outside a set range during periods of volatility and thin liquidity. Update April 7, 2026, 12:27 pm UTC: This article has been updated to add comments from a Binance representative. Crypto exchange Binance is introducing a new spot trading feature that restricts orders from executing outside a defined price range during periods of extreme volatility. Binance said Tuesday that a mechanism called the Spot Price Range Execution Rule (PRER) will be rolled out on April 14. Read more
Crypto ETPs drew $224 million in inflows last week as XRP led gains, while US ETFs lagged and Ether posted outflows amid mixed macro data and policy expectations. Cryptocurrency investment products recorded minor inflows last week despite mixed geopolitical signals and increasingly hawkish investor expectations. Global crypto exchange-traded products (ETPs) clocked $224 million in inflows last week, following a $414 million outflow a week before, CoinShares reported on Tuesday. The fresh inflows brought total assets under management to about $131.8 billion, roughly in line with levels seen at the same time last year. Year-to-date inflows also totaled about $1.2 billion, compared with $960 million over the same period last year. Read more
Argentine lenders are reportedly testing JPMorgan’s JPM Coin to improve settlement speed and efficiency, even as the central bank maintains restrictions on crypto services. Argentine banks are reportedly testing JPMorgan’s deposit token infrastructure for back-end settlement workflows, even as the country’s central bank still bars lenders from offering most crypto-related services to clients, according to local outlet iProUP. A group of financial institutions has begun piloting JPM Coin, a deposit token designed for institutional use. Banco CMF is among the confirmed participants, working through its newly launched corporate unit QORP as part of JPMorgan’s minimum viable product, per the report. “In the first phase, banks are expected to work on integrating available services to verify improvements in settlement times and interbank reconciliations of integrated banks,” Maximiliano Cohn, chief information officer of CMF, reportedly told the outlet. Read more