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Though a Justice Department official did not mention the Tornado Cash developer by name, he made many general references to enforcement cases involving similar allegations. Tornado Cash co-founder Roman Storm, found guilty on one felony count in August, may be closer to avoiding a possible retrial on additional charges following a statement from a Justice Department official. Speaking at a Thursday summit in Wyoming organized by the cryptocurrency advocacy organization American Innovation Project, Matthew Galeotti, the acting assistant attorney general for the Justice Department’s criminal division, suggested that the department would be changing its approach to certain enforcement cases involving crypto and blockchain. The DOJ official said his remarks were to offer clarity following an April memo from US Deputy Attorney General Todd Blanche, titled “Ending Regulation by Prosecution.” Read more
Several technical indicators are flashing bullish for SOL price, and analysts believe a rally to $260 is the next step. Key takeaway: SOL technical chart setups converge on the $260 price target. After soaring to a six-month high of $209 last week, Solana (SOL) retraced as much as 16% to a low of $175 on Tuesday. The SOL price has since rebounded to the current level of $180, with multiple indicators suggesting that its uptrend toward $260 remains intact. Read more
State Street, one of the world’s top three asset managers, can now custody blockchain-based debt securities for institutional clients. State Street, an asset manager and custodian bank serving institutional clients, has joined financial services company JPMorgan’s tokenized debt platform as its first third-party custodian, allowing it to hold blockchain-based debt securities on behalf of investors. JP Morgan’s Digital Debt Service platform allows institutional clients to trade and settle tokenized debt instruments, which are securities issued on a blockchain that represent government or corporate bonds. The asset manager purchased $100 million in tokenized commercial debt from the Oversea-Chinese Banking Corporation (OCBC), one of the oldest banks in Southeast Asia, in the platform’s inaugural transaction, according to Thursday’s announcement. Read more
Aave enters a blockchain with few competitors, with only one top-five Aptos protocols having a TVL of $1 billion or more. Aave, a decentralized finance (DeFi) protocol with $70 billion in net deposits, has launched on Aptos, a layer-1 blockchain founded by former Meta employees. The move may deepen stablecoin and liquid staking token liquidity on the blockchain, two asset classes subject to regulation in 2025. According to an announcement shared with Cointelegraph, Aave will support four coins native to the blockchain at launch: stablecoins USDC (USDC) and USDt (USDT), Aptos (APT), and Ethena Staked USDe (sUSDe). The Aptos Foundation will provide users with rewards and liquidity incentives to promote the use of Aave on the Aptos blockchain. The arrival of Aave could deepen stablecoin liquidity on the blockchain, as the fiat-pegged cryptocurrencies are experiencing a breakthrough and are one of the industry’s most-discussed use cases. On Aptos, the stablecoin market cap has surged in 2025, jumping to $1.27 bil...
An XRP chart fractal and whale flows hint at a short-term dip before a possible “moonshot” breakout to new all-time highs in Q4. Key takeaways: XRP closed below $3, but a fractal pattern suggests a bullish Q4 setup, with a potential rally toward $4.35 to $4.85. Whale flows remain negative, hinting at near-term downside before possible reaccumulation in the $2.65 to $2.33 range. Read more
High net worth investors in Asia are piling into crypto, adding to a market long dominated by retail users across India, Indonesia, Vietnam and beyond. Wealthy families and family offices across Asia are increasing their cryptocurrency allocations, with some planning to allocate around 5% of their portfolios to the asset class. Reuters first reported the trend, which noted a wave of demand from high-net-worth individuals across Singapore, Hong Kong and mainland China. Wealth managers told Reuters they are receiving more enquiries from clients, while cryptocurrency exchanges have reported rising trading volumes and new crypto funds are drawing strong demand. Jason Huang, founder of NextGen Digital Venture, said his company raised over $100 million in just a few months for a new long-short crypto equity fund launched in Singapore in May. His previous fund, which wound down last year, returned 375% in less than two years. Read more
Bitcoin onchain data and the length of BTC’s previous market cycles suggest the current bull phase is coming to an end. Key takeaways: BTC’s 700% rally from $15,500 to $124,500 suggests a market top in two to three months, based on past cycles. Bitcoin supply in profit has been elevated for 273 days, signaling a potential cycle peak soon. Read more
Bitcoin joins US stocks in ignoring a trade deal with the EU as traders turn to the Fed's Jackson Hole event and key BTC price support and resistance levels. Key points: Bitcoin has a new make-or-break price point to monitor into the weekly close: $114,000. Bid liquidity lines up below local lows as BTC market structure risks looking “weak.” Read more
Tokenization could solve Latin America’s capital market inefficiencies, boosting liquidity and unlocking new investment opportunities, according to Bitfinex Securities. Update Aug. 21, 2:23 p.m. UTC: This article has been updated to include a paragraph on Latin American stablecoin adoption. Tokenization adoption may solve some of the systemic inefficiencies identified in Latin American capital markets and accelerate investment and capital flow in the region, according to Bitfinex Securities. Systemic inefficiencies, including high fees, complex regulations and structural issues such as technological barriers and high startup costs, are slowing investment and hindering capital flow into Latin American capital markets, in a phenomenon dubbed “liquidity latency,” according to the Bitfinex Securities Market Inclusion report, published on Thursday. Read more
Tether and Circle are set to meet with the CEOs of South Korea’s four largest banks this week to discuss potential partnerships. Leading stablecoin issuers Tether and Circle are expected to meet with top executives from South Korea’s largest banks this week, according to local media. South Korea’s state-funded Yonhap News Agency reported Thursday that representatives from Tether and Circle are scheduled to meet with the top executives of South Korea’s four major financial groups. The executives are expected to discuss potential partnerships, the issuance of Korean won-backed stablecoins and the distribution of US dollar-backed stablecoins in South Korea. Shinhan Financial Group CEO Jin Ok-dong and Hana Financial Group CEO Ham Young-joo reportedly have scheduled meetings with Circle President Heath Tarbert on Friday. Young-joo is also reportedly scheduled to meet a Tether official on the same day. Read more
Onchain sleuth found YZY sniper wallets tied to LIBRA, extracting $23 million in suspected insider gains across both token launches. An onchain investigation by pseudonymous analyst Dethective linked a wallet that sniped the Kanye West-themed token YZY to another set of wallets behind the LIBRA token, suggesting that the same operator extracted tens of millions of dollars using insider knowledge. In a series of X posts on Thursday, Dethective revealed that a YZY sniper wallet managed to buy $250,000 worth of tokens at just $0.20, far below the price most traders paid. Within minutes, the wallet secured over $1 million in profit, which was later funneled into a treasury wallet. The same treasury wallet had also received large sums from wallets tied to LIBRA’s launch six months ago. Two “Libra sniper” wallets extracted a combined $21 million. In total, nearly $23 million was pulled across the YZY and LIBRA launches, with funds later moved to Kamino or Binance. Read more
MetaMask will roll out its mUSD stablecoin in 2025, launching first on Ethereum and Consensys’ Linea network for use across Web3 applications. MetaMask, the self-custodial crypto wallet owned by Consensys, said Thursday it will launch a dollar-backed stablecoin called MetaMask USD (mUSD). MetaMask said on Thursday that the stablecoin will be issued by Bridge, an issuance and orchestration platform for stablecoins that was acquired by the payments platform Stripe, and will be powered by the liquidity platform M0. MUSD will be integrated into the MetaMask wallet, allowing use of the stablecoin across Web3 applications. MetaMask said the stablecoin is designed for cross-chain use through M0’s liquidity network. Read more
The latest Clear Crypto Podcast explores insights into US crypto policy, the GENIUS Act, Solana’s lobbying strategy and Washington’s new embrace of blockchain. For years, Washington was considered hostile territory for the cryptocurrency industry. Regulatory crackdowns, lawsuits and policy uncertainty drove many builders overseas and left advocates fighting uphill battles on Capitol Hill. But as Kristin Smith, president of the Solana Policy Institute, explains in the latest episode of the Clear Crypto Podcast, the tide has turned in a dramatic way. Smith, a longtime policy leader in Washington and former CEO of the Blockchain Association, joined hosts Nathan Jeffay and Gareth Jenkinson to unpack the shifting US regulatory environment. Read more
Current age verification drives users to VPNs and sketchy sites. Blockchain can prove you’re over 18 without exposing your identity to data breaches. Opinion by: Boris Bohrer-Bilowitzki, CEO of Concordium The recent push to protect minors when it comes to adult content has been much needed. Having now taken effect in the UK, this ongoing movement is not slowing down, with other European markets and the US facing the same restrictions. As websites have instituted age verification software, however, problems have arisen. To avoid age verification, users either try to avoid the process or look for a less compliant provider. In either case, people are not adopting this new process, meaning minors are still at risk. Read more
Legal experts say Roman Storm’s Tornado Cash conviction underscores the ongoing clash between privacy and security, echoing past encryption fights. Roman Storms conviction over Tornado Cash has sparked a debate about whether US authorities are narrowing crypto privacy rights despite the White Houses recent report emphasizing the importance of self-custody and individual freedoms. The case has drawn comparisons to earlier battles over Silk Road, raising questions about criminal intent, control of immutable smart contracts and whether privacy itself can ever outweigh security concerns. Meanwhile, the White House is pushing for a clear taxonomy of digital assets commodity or security highlighting how unresolved definitions and liability standards continue to shape US crypto policy discussions. To explore the legal implications of Storms conviction and the broader policy context, Magazine spoke with Joshua Chu of the Hong Kong Web3 Association, Yuriy Brisov of UK law firm Digital & Analogue Partners and Charlyn H...
Legal experts say Roman Storm’s Tornado Cash conviction underscores the ongoing clash between privacy and security, echoing past encryption fights. Roman Storms conviction over Tornado Cash has sparked a debate about whether US authorities are narrowing crypto privacy rights despite the White Houses recent report emphasizing the importance of self-custody and individual freedoms. The case has drawn comparisons to earlier battles over Silk Road, raising questions about criminal intent, control of immutable smart contracts and whether privacy itself can ever outweigh security concerns. Meanwhile, the White House is pushing for a clear taxonomy of digital assets commodity or security highlighting how unresolved definitions and liability standards continue to shape US crypto policy discussions. To explore the legal implications of Storms conviction and the broader policy context, Magazine spoke with Joshua Chu of the Hong Kong Web3 Association, Yuriy Brisov of UK law firm Digital & Analogue Partners and Charlyn H...
US Secretary of Commerce Howard Lutnick has been scooping up stock in companies that could benefit from tariffs, as well as investing in Bitcoin funds. As US President Donald Trump’s tariffs create an unpredictable trade environment, some members of his administration have been investing in sectors influenced by his policies, including Bitcoin (BTC). On Tuesday, the Trump administration announced it would extend the tariff delay on China. At the same time, the United States Commerce Department will introduce aluminum tariffs on over 400 different products, including wind turbines, mobile cranes, railcars, motorcycles and construction equipment. The unpredictability of Trump’s trade tariffs has raised concerns among national trade groups like the National Foreign Trade Council (NFTC), which said they are “delaying growth, disrupting operations, and raising legal concerns among companies.” Read more
Real-world asset protocols present an “evolving” threat landscape that offers a larger attack surface for hackers, according to CertiK. Cryptocurrency hackers are targeting real-world asset (RWA) tokenization protocols, posing a security threat to the increasing institutional demand for this emerging blockchain sector. Real-world asset tokenization refers to financial and other tangible assets minted on the immutable blockchain ledger, increasing investor accessibility and trading opportunities for these assets. Hackers have started targeting RWA protocols, as losses from RWA-specific exploits reached $14.6 million during the first half of 2025, according to a report by blockchain security firm CertiK and shared with Cointelegraph. Read more
Following the Pocket Universe acquisition, Kerberus plans to build a dedicated antivirus for crypto to protect users from increasing malware attacks. Cryptocurrency security platform Kerberus acquired Pocket Universe, a popular fraud prevention and browser extension, to build a dedicated antivirus for crypto. Kerberus Cyber Security has acquired Refract, the developer of Pocket Universe, in a seven-figure deal, the firm said in a statement to Cointelegraph on Thursday. Following the acquisition, Kerberus plans to integrate Pocket Universe with its own security extension, Sentinel3, expand protection to all Ethereum Virtual Machine (EVM) chains and Solana, and develop a crypto antivirus. Read more
Ming Shing Group Holdings, a Nasdaq-listed Hong Kong construction company, struck a $483 million deal to acquire 4,250 Bitcoin via share issuance. Nasdaq-listed Hong Kong construction company Ming Shing Group Holdings said on Wednesday it has agreed to acquire 4,250 Bitcoin for almost $483 million, joining the wave of companies adding cryptocurrency to their treasuries. The deal, if completed, would make Ming Shing Hong Kong’s top Bitcoin (BTC) treasury according to BitcoinTreasuries.NET data, surpassing Buyaa Ineractive International with its 3,350 BTC. “We believe the Bitcoin market is highly liquid and the investment can capture the potential appreciation of Bitcoin and increase the Company’s assets,” said Wenjin Li, CEO of Ming Shing. Read more8077 items