South Korean cryptocurrency exchange Bithumb reported that a system malfunction during a promotional payout on Friday caused an unintended allocation of Bitcoin to some customers, briefly sending prices on its platform sharply lower. The company said the incident stemmed from a configuration error…
Is China banning all yuan stablecoins and offshore tokens?
China moved on Friday to reinforce its long-standing opposition to private digital currencies, unveiling new measures aimed at tightening control over virtual assets and yuan-linked stablecoins. The latest announcement, published on the central bank’s website, reiterates that cryptocurrency-related business remains outlawed,…
Can a 14% weekly drop in Bitcoin reset expectations for 2025?
Bitcoin climbed back above $65,000 on Friday, recovering part of its recent losses as the rout in global technology shares appeared to ease. The move came at the end of a bruising week for cryptocurrencies, which have been under sustained pressure…
Did Step Finance Treasury Wallets Hack Trigger $30M SOL Loss?
Step Finance treasury wallets were at the center of a major security incident during Asian Pacific trading hours, as the Solana-based DeFi platform confirmed a sophisticated attacker drained a substantial portion of its on-chain holdings. Around 261,854 SOL, valued at…
Does Coinbase face $100 million risk from Nevada regulators?
A Nevada judge has declined a request from state regulators for an emergency order to immediately shut down a new prediction market product offered by Coinbase, giving the exchange more time to argue that its listings fall under federal, not…
Does Congress see risk in the $500 million UAE crypto stake?
A new dispute in Washington is drawing attention to how foreign money interacts with politically connected crypto ventures, with Congress now examining a $500 million investment tied to a member of the United Arab Emirates royal family. The funding, directed…
Could CME group tokenization handle $13 billion and 92% growth
CME Group signaled a deeper push into digital assets during its fourth-quarter earnings call, outlining plans that include a potential proprietary coin and a move to continuous trading for its crypto derivatives. The derivatives giant, which operates the world’s largest…
Is Tether worth $500 billion after revised fundraising talks?
Tether is again in the spotlight after its chief executive moved to counter reports that the stablecoin issuer had stepped back from ambitious fundraising plans tied to a prospective $500 billion valuation. Comments from CEO Paolo Ardoino on Wednesday sought to clarify…
Do Bitcoin ETF outflows of $272 million signal rotation?
Flows into and out of bitcoin etf products signaled a shift in investor positioning on Tuesday, as money left spot bitcoin funds while capital moved into ether- and XRP-related vehicles. The pattern emerged during a volatile trading session for digital assets and…
How Galaxy digital faces $482 million loss and share drop?
Shares of galaxy digital came under pressure after the crypto-focused financial services firm disclosed a steep quarterly loss, raising questions about profitability at a time when many digital asset stocks are recovering. The company’s latest results for the final quarter of 2025…