Hunter Biden’s $LAPTOP memecoin blames bots and thin liquidity after a near-total debut crash Hunter Biden’s politically themed memecoin, $LAPTOP, suffered an abrupt collapse shortly after it began trading, with reports describing a drawdown of roughly 96% to 99% within the first hour of launch. According to disclosures cited in coverage of the debut, LAPTOP…
Cronos Erased Two Hours of Transactions to Reverse $111 Million DeFi Exploit Cronos erased two hours of blockchain transactions in an effort to reverse a decentralized finance exploit that resulted in $111 million in losses. The rollback removed activity recorded during the affected period, effectively undoing the transactions associated with the exploit. Rather than allowing…
CFTC Wins Big—Court Says Crypto Derivatives Count as Commodities The Ninth Circuit just handed the CFTC a decisive victory over serial fraudster James Devlin Crombie, ruling that his Bitcoin and Litecoin futures operation fell squarely under the agency’s authority. The court affirmed a $1.1 million penalty and trading ban, sending a clear signal that digital-asset…
Court Seizes 24 Crypto Wallets in IRS Tax Raid Federal agents just grabbed twenty-four cryptocurrency accounts in the District of Columbia, and the ruling shows the IRS can treat digital assets like cash when it comes to tax collection. The decision matters because it gives the government a fast, ex-parte way to freeze crypto without…
SEC SLAMS BINANCE WITH NEW CHARGES AS JUDGE GREENLIGHTS CASE TO PROCEED The Securities and Exchange Commission just cleared a major procedural hurdle in its case against Binance, the world’s largest crypto exchange. A federal judge in Washington, D.C. denied Binance’s motion to dismiss the SEC’s lawsuit, allowing the case to move forward and signaling…
While Bitcoin Devs Debate Next Moves, IonQ Unveils Superion 256 Quantum Computer IonQ has unveiled the Superion 256 quantum computer as Bitcoin developers continue discussions about the network’s next steps. The announcement places advances in quantum computing alongside ongoing debate within the Bitcoin development community. The two developments are connected by broader questions about the…
COURT STRIKES PLAINTIFFS’ CRYPTO-TECH CLAIMS IN DELAWARE Delaware’s Superior Court just tossed out most of Diamond Fortress Technologies’ claims against unnamed defendants, slamming the door on a lawsuit that tried to turn a disputed blockchain prototype into a multimillion-dollar damages case. The ruling matters because it signals how state courts will treat crypto-related contract fights…
COURT DELIVERS BITCOIN ETF SHOCK TO SEC The D.C. Circuit just torched the SEC’s blanket refusal to let Grayscale turn its Bitcoin trust into an ETF, ruling the agency treated spot products worse than futures without any good reason. The decision cracks open a regulatory door that the Commission had slammed shut for years, putting…
Court Says CFTC Can Reach Crypto “Futures” Sold to U.S. Buyers Even When the Platform Sits Abroad In a unanimous decision released last week, the Seventh Circuit ruled that U.S. commodities law applies to any trading platform—foreign or domestic—that offers futures-style contracts on digital assets to American customers. The CFTC had sued James Donelson, the…
Bitget Wallet Launches Assetback Rewards in Bitcoin and Tokenized Assets Bitget Wallet has launched Assetback Rewards, a program focused on Bitcoin and tokenized assets. The initiative expands the wallet’s offering into reward products linked to digital assets and blockchain-based representations of real-world assets. The launch highlights the growing use of tokenization, which brings assets or…
Coinbase Wins—Appeals Court Orders SEC to Explain Itself The Third Circuit just forced the Securities and Exchange Commission to stop dodging and start answering Coinbase’s questions about which digital assets the agency actually considers securities. In a single stroke, the ruling hands the crypto exchange a rare procedural win and signals that federal courts may…
Iran eases currency controls to let traders bring earnings home in crypto: FT Iran has eased currency controls to allow some traders to bring their overseas earnings back into the country using cryptocurrency, the Financial Times reported. The move appears aimed at giving traders an alternative channel for repatriating funds amid restrictions on conventional currency…
BIS chief warns AI capex arms race relies on opaque debt, posing systemic risks The head of the Bank for International Settlements (BIS), Pablo Hernández de Cos, warned on Thursday that the breakneck surge in artificial intelligence investment could become a financial-stability risk if the expected returns fail to materialize. In remarks tied to the…
