Crypto

Manhattan court has opened the trial of two brothers accused of a $25M ethereum exploit; prosecutors have alleged fraud completed in 12 seconds, while the defense has argued the exploit was legal. The defense has sought to exclude Google search-history evidence; each faces up to 20 years per count. The post MIT-Educated Brothers Could Spend Decades in Prison for $25 Million Ethereum Scheme appeared first on Cryptonews.

The debate continues over what to do with the seized $7 billion worth of Bitcoin: Should the U.K. keep it or give it back to the victims?

James Wynn, famous for his leveraged crypto bets, said he was "back with a vengeance," but was liquidated just one day after opening new positions. James Wynn, a pseudonymous high-leverage crypto trader, was liquidated for about $4.8 million on Wednesday, according to blockchain analytics company Lookonchain. Wynn opened up $4.8 million in leveraged positions with $197,000 in stablecoins on Tuesday, Lookonchain reported. “Back with a vengeance, coming to get what’s rightly mine,” Wynn said on Tuesday as he placed his bets. Wynn opened a 40x long position on 34 Bitcoin (BTC), valued at $3.85M, a 10x long on 122,000,000 KingPepe (kPEPE) meme tokens, valued at $917,000, and a 10x position on 712 Hyperliquid (HYPE), valued at $28,000, before losing nearly all of it by Wednesday. Read more

The crypto market has seen a policy jolt and an enforcement sweep: tariff threats have rattled risk, record liquidations have cleared leverage, and a US–UK seizure of BTC has intensified on-chain tracking. Watch spot ETF creations, stablecoin issuance, and order-book depth for repair signs. The post Crypto Market Prospect: After the Washout, the Soil Looks Richer appeared first on Cryptonews.

Bitcoin price traded near $110,000 today as ETF flow streaks and the $107,000 support take focus. Spot ETF demand remains the pivot. BlackRock’s IBIT is approaching $100 billion in assets, roughly 799,000 BTC, as the largest U.S. fund complex continues to concentrate supply. U.S. spot products printed fresh net inflows of $102 million yesterday and […] The post 5 things that need to happen for Bitcoin to stay above $100k appeared first on CryptoSlate.

Ripple's global custody network now spans multiple continents, with Absa becoming its first major institutional partner in Africa.

Brad Garlinghouse has asked that Ripple be “held to the same regulatory standards as a bank” as the company awaits a decision on a national charter from the OCC. Ripple CEO Brad Garlinghouse said at a recent conference that crypto companies should receive the same benefits as traditional financial institutions when following the same laws and regulations. Speaking at DC Fintech Week on Wednesday, Garlinghouse said it was unlikely for regulators such as the US Securities and Exchange Commission (SEC) to roll back their policies after the potential departure of Chair Paul Atkins or US President Donald Trump, who nominated the head of the agency. However, he also criticized the disparity between the treatment of crypto companies and traditional financial institutions, like banks. Read more

Coinbase has placed BNB on its listing roadmap, indicating intent while trading has remained contingent on market-making support and technical readiness. The move has followed public criticism, as Blue Carpet has offered direct access to listings teams and Coinbase has reiterated that listings are free. The post Coinbase Bends to Pressure – Finally Lists Rival Binance’s BNB Amid Listing Drama appeared first on Cryptonews.

Crypto users were left scrambling on Wednesday after Paxos minted 300 trillion of PayPal's PYUSD stablecoin, then sent it all to a burn address. Blockchain data showed stablecoin issuer Paxos both minted and burned 300 trillion tokens of the PayPal USD stablecoin within 30 minutes, leaving many crypto users scratching their heads. In a Wednesday X post following the mint and burn, Chaos Labs founder Omer Goldberg said Aave would be temporarily freezing trades for PayPal USD (PYUSD) after an “unexpected high-magnitude transaction” of minting and burning the stablecoin. Ethereum blockchain data showed Paxos minting 300 trillion of the US dollar-pegged stablecoin at 7:12 pm UTC and then burning the entire amount 22 minutes later by sending it to an inaccessible wallet. PYUSD, pegged 1:1 to the US dollar, makes the supply of the burned coins worth about $300 trillion. The stablecoin has a market capitalization of more than $2.3 billion at this writing, making it the sixth-largest coin behind Tether’s USDt (USDT),...

The real winner of last week’s crypto flash crash is the CME. Cointelegraph explains how the exchange is increasing its crypto market share. Key takeaways: CME’s futures open interest in the top four cryptocurrencies reached $28.3 billion, surpassing Binance’s $23 billion and Bybit’s $12.2 billion. Despite CME’s lead in open interest, unregulated exchanges still dominate trading volumes, especially in altcoin and perpetual futures. Read more

Publicly traded Dogecoin and Bitcoin treasury firm Thumzup is now considering adding DOGE reward payments to its mobile app.

Friday’s flash crash was largely influenced by a cascade of leveraged liquidations. Will large moves like this be the new norm?

DeepMind’s 27-billion-parameter “Cell2Sentence-Scale” model spotted a drug combination that made tumors more visible to the immune system, a breakthrough Google calls “a milestone for AI in science.”

Despite a comparably muted October, bitcoin’s steady performance near $110,000 and signs of Fed easing have analysts calling for a breakout.

Shares in Ethereum treasury firm ETHZilla fell more than 5% after the company announced a 1-for-10 reverse stock split.

Hyperliquid’s HIP-3 opens perpetual futures listing to anyone willing to stake $20 million. The question isn’t whether this democratizes the DeFi, but whether the safeguards can handle what comes next. Hyperliquid launched HIP-3 on mainnet in October 2025, introducing a model where any builder can deploy perpetual futures markets without committee approval. Deployers must stake 500,000 […] The post Anyone can now create Hyperliquid perp contracts with $20M: Is DeFi about to break? appeared first on CryptoSlate.

Currency inflation and macroeconomic uncertainty are driving the price of gold, Bitcoin and similar assets to new levels. Gold hit a new all-time high of over $4,200 per ounce on Wednesday, driven by demand from retail consumers buying physical gold and central banks accumulating the precious metal as a hedge against currency inflation. Reports of end consumers seeking exposure to gold have surfaced as more people look for alternative stores of value amid global macroeconomic uncertainty. On Thursday, a queue of customers waiting to enter the ABC Bullion precious metals shop in Sydney, Australia, was reported by local outlet Nightly News. Several individuals in the queue, stretched to nearly 200 feet around lunchtime, cited macroeconomic uncertainty, the declining value of the US dollar and distrust of financial institutions as reasons to hold physical gold. Read more

Amid institutional flows, the tokenized asset market has reached $33.91B. Joe Moglia has forecast full tokenization in five years as Ethereum has led with $12.1B; Solana has grown, and Tesla-led tokenized stocks and gold have advanced. Adoption has remained uneven across chains. The post Every Asset Tokenized in 5 Years, Says TD Ameritrade Ex-Chair – But Not Everywhere appeared first on Cryptonews.

A fat-finger mistake, or a hack? Crypto traders are confounded after $300 trillion worth of PayPal's PYUSD was minted and then burned.

Critics are not convinced by SBF's latest antics and argue that his narrative is a well-funded lobbying attempt to recast the FTX collapse as political persecution.