Binance Holdings Ltd. and founder Changpeng Zhao have issued subpoenas to Kevin O’Leary, author Michael Lewis and other outside parties while contesting a lawsuit seeking at least $1.76 billion tied to FTX’s 2021 repurchase of Binance-held interests in the exchange. The discovery requests place a former FTX promoter and an author who chronicled Sam Bankman-Fried’s…
SEC’s Crypto Crackdown Hits Brick Wall in D.C. Federal appeals court just handed the SEC a stinging loss in its war against crypto exchanges. The ruling narrows the agency’s ability to label every token a security and limits its power to police decentralized platforms. Markets are already pricing in relief. The case began when the…
Stablecoins Go Mainstream as Samsung Wallet Adds USDC on Solana Samsung has begun rolling out stablecoin accounts in Samsung Wallet, enabling eligible Galaxy users in the U.S. to buy, hold, send, and receive Circle’s USDC on the Solana blockchain directly inside the wallet. The feature went live on Thursday, according to the announcement. Samsung said…
Binance France is preparing to close all customer accounts on Dec. 31, 2026, after restricting several account functions for French residents. Customers whose accounts still hold assets from Nov. 29 will face a monthly management fee before the closure date, according to reports citing customer emails. The reported timetable places particular importance on Nov. 29,…
Judges Hand CFTC Broad New Power Over Crypto A federal appeals court just handed the Commodity Futures Trading Commission sweeping authority to police crypto markets, ruling that the agency can regulate nearly any digital asset that functions like a futures contract. The decision in Trevor Kitchen v. CFTC reverses a lower-court win for traders and…
India’s Enforcement Directorate has searched premises connected to CoinDCX and Delta Exchange India as part of an investigation into alleged foreign exchange law violations involving offshore cryptocurrency platforms. The allegations remain unproven, and the inquiry is ongoing. According to Bitcoin.com News, the agency alleges that the two India-linked platforms routed customer trading activity through overseas…
Trump Crypto Seizure Ruling Tests SEC Reach A federal court in Washington just green-lit the government’s seizure of roughly $40,000 in USDT tokens tied to a Nigerian scammer who faked being part of the Trump-Vance inaugural committee, marking the first time a U.S. judge has treated a wallet address as “property” subject to forfeiture under…
U.S. spot XRP exchange-traded funds went an entire week without recording a net-inflow day, interrupting a period in which the products had recently attracted fresh capital. Bitcoin.com News reported that the week began with a $529,500 outflow from Canary Capital’s XRPC and then moved into a run of flat daily flow readings. The slowdown does…
Bitcoin Slips as Iran Tensions Hit Markets Bitcoin failed to reclaim $80,000 as escalating tensions involving Iran pressured U.S. stocks and broader risk appetite. Comments from Treasury Secretary Scott Bessent also fueled concern that a stronger yen could trigger an unwind of the yen carry trade, adding another layer of stress for crypto traders. The…
TRM Labs Doubles Valuation as Crypto Surveillance Demand Grows Blockchain intelligence firm TRM Labs has reportedly doubled its valuation to $2 billion in a Series C expansion. The company says its annual recurring revenue has quadrupled over the past three years, highlighting rising demand for tools that track illicit activity across crypto networks. The catalyst…
Bitcoin mining difficulty has remained below its October 2025 all-time high for 374 days as of Nov. 7, 2026, according to Bitcoin.com News. The duration is the longest period in Bitcoin’s history without difficulty returning above a previous record. The milestone focuses attention on a distinction that can be obscured by hashrate readings: mining activity…
Bank Tests Stablecoin Transfers Across Stellar Blockchain A US bank has tested its proprietary USBDC stablecoin in a cross-border transaction between its North American and European entities. The pilot moved the digital asset across the public Stellar blockchain, highlighting how banks are exploring faster settlement without relying entirely on traditional payment rails. The transaction was…
Solana Microscope Offers Open-Source Monitoring for Complex On-Chain Operations The Solana Foundation has outlined Microscope, an open-source, self-hosted monitoring and alerting tool designed for teams operating Solana programs and related infrastructure. The project is positioned as an engineering toolkit for observability, aimed at helping operators inspect on-chain activity and connect it to standard monitoring workflows….
**Court Strips Crypto Firm of Texas Shield** Texas appellate court just stripped a crypto mining company of its emergency legal shield, forcing the case back into the trial court for a full hearing. The ruling signals that courts are done letting blockchain firms dodge liability by hiding behind corporate shells and procedural maneuvers. Investors and…
Tesla to Wind Down Cybertruck Production as Musk Pivots to Robotaxis and AI Tesla CEO Elon Musk said the company will begin winding down production of the Cybertruck at its Austin, Texas factory, with manufacturing expected to end by mid-2027. In a post on X, Musk said the change is intended to “make room for…
COINBASE WINS FIRST ROUND AS APPEALS COURT SLAPS SEC The Third Circuit just forced the SEC to explain why Coinbase should face enforcement when the agency refuses to issue clear rules for crypto. In a single opinion, the court cracked open the SEC’s long-standing habit of winning by exhaustion rather than by statute, and handed…
SEC Wins 34-Year-Old Bilzerian Case, Crypto Markets Unmoved The D.C. District Court has ruled that a 2001 permanent injunction against convicted securities fraudster Paul Bilzerian and his family remains in force, blocking them from ever serving as officers or directors of public companies or participating in penny-stock offerings. The decision matters because it shows how…
Hyperliquid treasury firm seeks U.S. registration to operate a domestic futures business Hyperliquid Strategies, a Nasdaq-listed digital asset treasury company focused on holding HYPE tokens and trading under the ticker PURR, has applied to establish a U.S.-regulated futures brokerage business. The company said it is seeking approval to operate as a futures commission merchant (FCM)…
Fifth Circuit Hands Crypto a Procedural Win The Fifth Circuit just revived a crypto plaintiff’s appeal by reversing a lower-court dismissal, handing the industry a narrow but meaningful procedural victory that keeps pressure on regulators and exchanges alike. The ruling signals that courts may be willing to let novel crypto claims reach the merits, a…
**Court Blocks SEC’s Sweeping Token Crackdown** The U.S. Court of Appeals just clipped the SEC’s wings in a landmark ruling that narrows how regulators can label digital assets as securities. The decision immediately shifts the balance of power away from Washington and toward crypto exchanges, DeFi protocols, and token issuers. The case began when the…
