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The United Kingdom’s Financial Conduct Authority has conducted its first coordinated crackdown on illegal peer-to-peer crypto trading, targeting eight locations across London. The operation, carried out jointly with His Majesty’s Revenue & Customs and the South West Regional Organised Crime Unit, marks a significant escalation in regulatory enforcement against unregistered trading activities in the country….
President Donald Trump agreed late Tuesday to extend the ceasefire in Iran following a request from Pakistan’s government, citing that the Iranian regime remained “too fractured” to present a unified proposal. The extension comes as global markets continue to react to the ongoing conflict and the closure of the Strait of Hormuz, a critical shipping…
Bitcoin climbed above $78,000 Wednesday morning, marking its highest level in 11 weeks, after President Trump announced an indefinite extension of the Iran ceasefire. The geopolitical de-escalation sparked a broad rally across crypto markets, with major assets posting solid gains and on-chain metrics flashing constructive signals for the first time in months. Trump said the…
Sterling and the euro posted modest gains on Wednesday as currency markets responded positively to Federal Reserve Chair nominee Kevin Warsh’s Senate testimony, which provided reassurance on central bank independence without triggering major shifts in interest rate expectations. As of 07:55 GMT, GBP/USD climbed 0.16% to 1.3525, trading within a session range of 1.3498 to…
Kelp DAO is disputing LayerZero’s account of a $290 million rsETH bridge exploit that occurred on Sunday, claiming the compromised single-verifier setup was based on LayerZero’s own infrastructure and default configurations rather than a risky choice made against expert advice. The liquid restaking protocol said attackers drained 116,500 rsETH tokens worth approximately $290 million by…
Major US equity indices fell at Monday’s open after Iran re-closed the Strait of Hormuz over the weekend, dampening the positive sentiment that had driven the S&P 500 and NASDAQ 100 to record highs last Friday. The move came after US forces boarded an Iranian oil tanker bound for China, escalating tensions just days before…
The United States Securities and Exchange Commission has filed a lawsuit against crypto executive Donald Basile, accusing him of orchestrating a $16 million fraud scheme involving false claims about an “insured” cryptocurrency token called Bitcoin Latinum. According to a complaint filed Friday in the US District Court for the Eastern District of New York, Basile…
Tokenized assets have transitioned from a theoretical concept to a practical investment vehicle that financial advisors are now considering for client portfolios, marking a significant shift in how institutional capital approaches digital asset allocation. The evolution of tokenized assets reflects growing confidence in compliance frameworks and regulatory clarity that has enabled major financial institutions to…
Bitcoin has decisively broken above $77,000 for the first time since its sharp selloff in early February, marking a significant technical milestone that has positive implications for MicroStrategy (MSTR), the largest publicly traded holder of bitcoin. The cryptocurrency’s rally has pushed the business intelligence firm’s bitcoin holdings back into profitability, a notable shift for the…
A Texas man who helped orchestrate a massive cryptocurrency scam has been sentenced to 23 years in federal prison for his role in defrauding nearly 1,000 investors of approximately $20 million through a fraudulent digital asset scheme. US District Judge LaShonda Hunt sentenced Robert Dunlap on Tuesday and ordered him to pay restitution to victims…
Allbirds, the sustainability-focused footwear company, is abandoning its core sneaker business to reinvent itself as an artificial intelligence computing infrastructure provider. The company announced plans to rebrand as NewBird AI and secured $50 million in convertible financing to acquire processing units and build AI infrastructure, triggering a dramatic 400% surge in its stock price. The…
Cryptocurrency wallet provider Zerion disclosed that North Korean-affiliated hackers used artificial intelligence to orchestrate a sophisticated social engineering attack that resulted in approximately $100,000 stolen from the company’s hot wallets last week. The incident marks the second major AI-enabled social engineering attack attributed to North Korean threat actors this month, following the $280 million exploit…
Traditional finance is doubling down on crypto. Deutsche Börse AG, the Frankfurt-based operator of one of Europe’s largest stock exchanges, has acquired a 1.5% stake in Payward Inc., the parent company of crypto exchange Kraken, in a deal valued at $200 million. The transaction is expected to close in the second quarter pending regulatory approval,…
High Roller Technologies Inc. shares more than doubled after the company announced plans to launch a U.S. event-based prediction market in partnership with Crypto.com. The announcement underscores growing institutional interest in prediction markets, a sector estimated to reach $1 trillion in trading volume by 2030. The Las Vegas-based online casino operator said Tuesday it will…
