Israel has extradited Alexander Block, an Israeli-Russian citizen accused of taking about $2.8 million in digital assets from the Nomad crypto bridge, to the United States. The transfer followed the rejection of his final appeal by Israel’s Supreme Court, according to Bitcoin.com News. The case centers on an alleged August 2022 exploitation of a Nomad…
CFTC Wins—Appeals Court Hands Agency Power Over Crypto The D.C. Circuit just gave the CFTC a decisive win in Trevor Kitchen’s appeal, ruling that the agency can regulate crypto trading platforms that offer leveraged or margined digital-asset contracts. The decision cements the regulator’s authority over exchanges that let retail traders bet on crypto price swings…
Binance is preparing to publish a proof-of-reserves report on Monday, November 2, after disclosing that an attack on a hot wallet resulted in the loss of token assets worth approximately $6.3 billion. The pending report has become a focal point for unconfirmed inside-job allegations circulating on X, according to Bitcoin.com News. Binance has said it…
Trump Crypto Seizure Signals Bigger Enforcement Shift U.S. prosecutors just seized nearly forty thousand Tether tokens tied to a Nigerian scammer who posed as the Trump-Vance Inaugural Committee, and the move shows the government is now willing to chase crypto across borders when it funds classic wire fraud. The case matters because it turns a…
Binance is purchasing token assets after reporting a $6.3 billion loss, with onchain activity drawing attention to a large transfer of ENA tokens from wallets associated with Ethena. Bitcoin.com News reported that 128.63 million ENA, valued at about $24 million, reached a Binance deposit address. The transfers may be relevant to Binance’s effort to rebuild…
Wall Street analysts have characterized the market decline following the Binance breach as a potential buying opportunity for crypto-linked equities, even as the incident is described as the largest crypto theft on record. The response highlights a divide between near-term market positioning and unresolved questions about the scale, mechanics and broader security implications of the…
Morning Minute: Hedge Funds Left the BTC ETF Trade and Sovereign Wealth Stepped In Hedge funds cut back exposure to U.S. spot Bitcoin exchange-traded funds (ETFs) between late 2025 and mid-2026, while longer-term allocators increased their holdings, according to research from Galaxy Research based on SEC 13F filings. Galaxy’s data show 13F filers held the…
COURT SLAPS DOWN ENVY BLOCKCHAIN’S LAST-DITCH BID TO FREEZE LAWSUIT Texas appeals court just killed a desperate attempt by Envy Blockchain and two affiliates to force a trial judge’s hand. The three entities filed an emergency mandamus petition asking the Eighth Court of Appeals to halt civil proceedings against them; the court refused in a…
Coinbase Slaps SEC With Major Courtroom Win The Third Circuit just handed Coinbase a rare win against the SEC by granting the exchange’s petition for review of an enforcement order. The ruling matters because it signals that the agency’s enforcement-first approach is running into real judicial skepticism, and that crypto firms may finally get their…
Robinhood Crypto Revenue Falls 55% as Prediction Markets Support Growth Robinhood Markets reported a sharp drop in crypto transaction revenue in its third-quarter 2026 results, highlighting how the retail brokerage’s revenue mix is shifting as customer activity changes. Crypto revenue fell 55% year over year to $120 million in the quarter, Robinhood said in results…
Judge Slams Bilzerian’s Last-Ditch Crypto Gambit A federal judge in Washington just shut the door on Paul Bilzerian’s twenty-year-old bid to escape contempt sanctions, ruling that the disgraced financier cannot use a cryptocurrency-based trust to shield his assets from the SEC. The decision keeps the 1989 securities-fraud judgment alive and reminds the market that old-school…
SEC LOSES GROUND IN FIFTH CIRCUIT SHOWDOWN A divided Fifth Circuit panel just handed the crypto industry a procedural win that could slow the SEC’s enforcement machine. The court declined to give the agency an immediate green light to pursue novel digital-asset claims, signaling that judges are willing to scrutinize the Commission’s aggressive tactics before…
Logan Paul said he does not trust cryptocurrency and called it “a scam” during a podcast discussion about the Binance hack, according to Bitcoin.com News. The remarks quickly revived criticism of Paul’s prior association with CryptoZoo, a project that remains connected to federal litigation in Texas. The exchange breach and Paul’s comments concern separate events,…
Binance said its investigation into a breach it estimates at around $6.3 billion has uncovered additional points of compromise beyond the initially identified laptop of a DevOps engineer. The exchange has frozen about $3 billion onchain with assistance from blockchain partners, according to Decrypt. The findings add complexity to an incident that Binance CEO Richard…
Court Slams SEC, Declares Most Tokens Are Not Securities The Supreme Court just handed crypto a major legal win, ruling that most digital tokens are not investment contracts under federal securities law. The decision sharply limits the SEC’s power to label and regulate tokens as securities, reshaping the regulatory battlefield for exchanges, DeFi platforms, and…
Predicate is a digital-asset compliance infrastructure company that puts transaction rules closer to the smart contract, rather than relying only on monitoring after a transfer occurs. It came onto our radar after Axios and AlleyWatch reported an $8M Series A led by Blockchain Capital. Honest limits: Much of the product description and reported transaction activity…
USDD has reported Q3 2026 treasury growth alongside a rise in circulating supply, total value locked and multichain activity. The figures point to an expanding role for the decentralized stablecoin, although reported supply and TVL totals differ across dates and sources. NewsBTC said USDD’s recent milestones were tied to broader adoption across blockchains, new DeFi…
COURT SLAMS CFTC FOR OVERREACH IN KITCHEN CRYPTO CASE The D.C. Circuit just told the CFTC it cannot punish a crypto trader for conduct the agency never clearly warned was illegal. Trevor Kitchen walked away with a clean record and a precedent that forces regulators to draw bright lines before they swing the hammer. For…
Strategy Chief Financial Officer Andrew Kang will leave his role as the company reports its largest quarterly operating income in its history and continued growth in its bitcoin holdings. Kang will step down as of November 5, 2026, for personal reasons, according to CoinDesk and Strategy. The leadership transition places finance responsibilities with President and…
Institutional crypto investors rush to pull funds from exchanges after Binance hack Institutional crypto investors are moving quickly to withdraw digital assets from centralized exchanges following a multibillion-dollar hack of Binance, according to people familiar with the matter. The shift in behavior suggests the fallout from the breach is spreading beyond Binance, as large investors…
