Near Intents Hacked for $3.8 Million Days After Denying North Korea-Linked Bitget Hacker Near Intents was hacked for approximately $3.8 million, according to the information provided. The incident occurred just days after the project denied an association with a Bitget hacker linked to North Korea. The timing places the attack in the context of heightened…
Court Rejects “Code Is Speech” Shield in Delaware Crypto Suit Delaware’s Superior Court just refused to treat a crypto firm’s source code as protected expression, handing the state’s business court its first clear signal that blockchain software can be hauled into ordinary contract disputes. The ruling strips away a novel First Amendment defense and forces…
Crypto Nerd’s Nugget of the Week: Frame What it is Frame is a Layer 1 network in private beta from The Crypto Company, built around post-quantum transaction security. Its stated design uses NIST’s ML-DSA-87 digital-signature standard, a post-quantum cryptographic scheme intended to remain resilient against future quantum-computing threats that could weaken widely used blockchain signature…
Court Slams SEC Over Spot Bitcoin ETF Rejection The D.C. Circuit just handed Grayscale Investments the win it needed. The Securities and Exchange Commission’s 2022 refusal to convert the Grayscale Bitcoin Trust into an exchange-traded fund was arbitrary and capricious, the court ruled on August 29. That single decision reopened the door for the first…
Morning Minute: Robinhood Adds Perps, Weekend Stocks, and AI Traders Robinhood is leaning deeper into crypto and automation as it pushes toward its “everything app” vision, rolling out tools that expand when users can trade and how they can manage strategies inside the platform. The company’s latest additions include AI agents that can research markets…
Seventh Circuit Slams Donelson—Crypto Fraud Is Commodity Fraud The Seventh Circuit just delivered the CFTC its biggest win yet in the crypto enforcement wave. By ruling that James Donelson’s unregistered trading platform and fake “hedge fund” operated in the futures and swaps space, the court handed the agency sweeping new authority to police digital-asset fraud…
SEC Proposes Rules to Clarify How Advisers and Funds Can Hold Crypto The U.S. Securities and Exchange Commission has proposed rules aimed at providing greater clarity on how investment advisers and funds may custody crypto assets. The proposal addresses an area that has raised questions for financial firms: how digital assets should be held, safeguarded,…
Coinbase Beats SEC In Federal Appeals Court The Third Circuit just told the SEC it cannot dodge Coinbase’s demand for clear crypto rules, handing the exchange a rare procedural win that could force regulators to finally spell out how digital assets fit under existing law. The ruling keeps Coinbase’s petition alive and signals that courts…
Celestia Says Fibre Sustained 3.07 Tb/s in 120-Validator Benchmark Celestia said its Fibre system sustained throughput of 3.07 terabits per second in a benchmark involving 120 validators. The test is intended to measure how Fibre performs under a validator configuration at scale. The reported result provides a performance reference for the system, particularly in terms…
TRM Labs Doubles Valuation as Crypto Compliance Demand Surges 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, signaling stronger demand for crypto investigations and compliance tools. The growth is being driven…
Crypto industry gave $8 million to Clarity Act lobbyists who didn’t close the deal The crypto industry spent $8 million on lobbyists seeking to advance the Clarity Act, but the effort did not result in a completed deal. The limited information available does not specify which industry groups funded the campaign, how the money was…
Hunter Biden Laptop Controversy Gets a Memecoin Afterlife A new memecoin called LAPTOP is turning a familiar political controversy into a speculative crypto trade. The project discloses that it has no utility, locks founder tokens for six months, and reserves 2% of its supply for wallets that lost money on TRUMP. The token appears designed…
Minecraft, Candy Crush Among 11 Games Targeted in EU Virtual Currency Crackdown European consumer authorities have opened coordinated actions against 10 video game companies over how they sell and price in-game virtual currencies, the European Commission said Wednesday. The actions are being carried out through the Consumer Protection Cooperation (CPC) Network, which brings together national…
Why rising perpetual funding rates signal growing bullish leverage as bitcoin crosses $86,500 Bitcoin crossed $86,500 as funding rates in the perpetual futures market moved higher, signaling that more traders were positioning for further gains through leveraged long contracts. Perpetual futures do not have an expiration date, so exchanges use funding payments to help keep…
US Bank Tests Stablecoin Transfers Across Stellar Network A US bank has tested its proprietary USBDC stablecoin in a cross-border transaction between its North American and European entities. The pilot moved funds across the public Stellar blockchain, highlighting how traditional institutions are exploring faster settlement without fully abandoning regulated banking structures. The test appears designed…
Near Intents Freezes Cross-Chain Swaps After $3.8M Drain Near Intents has frozen its cross-chain swap functionality after a bug allowed an attacker to drain about $3.8 million, according to a roundup of top cryptocrime stories published by Cybercrime Magazine. The incident centered on cross-chain swaps, a feature that lets users move assets between different blockchains….
COURT REJECTS CFTC’S BID TO BURY KRAFT SETTLEMENT The Seventh Circuit just slammed the door on the CFTC’s attempt to keep a 2019 settlement with Kraft Foods and Mondelēz out of the public eye. The court refused to issue a writ of mandamus that would have blocked a lower-court order forcing the agency to disclose…
Judge Ends 23-Year Bilzerian Freeze, Crypto Eyes Precedent A federal judge just lifted a 2001 asset freeze against Paul Bilzerian and his family, ruling that the SEC can no longer keep their funds locked without fresh evidence of wrongdoing. The decision chips away at the agency’s power to hold assets indefinitely and signals that old…
CFTC Sends White House New Rules to Cement Its Grip on Prediction Markets The U.S. Commodity Futures Trading Commission has sent a proposal to the White House for review that would set clearer federal rules for prediction markets such as Kalshi and Polymarket, according to a filing posted Tuesday. The filing shows the proposal is…
SEC Wins Key Crypto Classification Battle in Appeals Court Federal appeals court hands SEC major victory by classifying crypto assets as securities under long-standing federal law. The ruling directly strengthens the agency’s enforcement reach and signals tougher times ahead for exchanges and DeFi platforms operating without clear registration. Markets reacted with immediate sell-offs as traders…
