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The clothing brand Original Penguin has filed a trademark infringement lawsuit against NFT token project Pudgy Penguins, claiming the NFT company’s merchandise violates its decades-old intellectual property rights. PEI Licensing, the firm behind Original Penguin, filed the lawsuit in a Florida federal court on Wednesday, alleging trademark infringement, dilution, and unfair competition related to Pudgy…
French and U.S. authorities arrested John “Lick” Daghita on Wednesday on the island of Saint Martin, alleging he stole tens of millions of dollars in cryptocurrency from government seizure wallets managed by his father’s company. The arrest marks a significant development in an ongoing investigation into one of the largest insider thefts of government-held digital…
Ethereum Foundation Positions Network as Trust Layer for AI, Says Davide Crapis The Ethereum Foundation is charting a new course for how blockchain technology integrates with artificial intelligence, positioning the network as a coordination and verification layer rather than a computational competitor to AI systems. Davide Crapis, the AI lead at the Ethereum Foundation, outlined…
CFTC Chair Says U.S. Perpetual Futures Are Coming Within the Next Month The U.S. is about to legalize perpetual futures. CFTC Chairman Mike Selig announced that his agency is working toward bringing regulated perpetual futures to American traders within the next month or so, marking a dramatic reversal from the prior administration’s de facto ban…
Bitcoin is nearing its price bottom as the four-year halving cycle winds down, according to VanEck CEO Jan van Eck, who expects the leading cryptocurrency to begin recovering throughout 2026. Speaking with CNBC on Monday, van Eck dismissed complex theories about Bitcoin’s recent price action, arguing that the halving cycle has been the primary driver…
Bitcoin dropped from roughly $65,500 to $63,000 within hours early Saturday as the US and Israel launched coordinated missile strikes on Iranian nuclear, missile, and naval infrastructure. The cryptocurrency rebounded sharply to $68,196 after Iranian state media confirmed Supreme Leader Ayatollah Ali Khamenei was killed in the strikes, ultimately settling around $66,300 by Sunday morning….
South Korea Orders Cross-Agency Probe After Tax Office Leaks Crypto Wallet Seed Phrase South Korea’s Deputy Prime Minister has ordered a comprehensive review of government cryptocurrency custody practices after tax authorities accidentally exposed a wallet seed phrase in a press release, resulting in the theft of approximately $4.8 million worth of digital assets. Deputy Prime…
Hong Kong and Shanghai Sign Blockchain MOU to Digitize Cross-Border Trade Finance Hong Kong and Shanghai authorities signed a memorandum of understanding on Monday to develop a blockchain-based platform linking cargo trade data with financial services, marking a significant step in cross-border digital trade infrastructure. The Hong Kong Monetary Authority, the Shanghai Data Bureau and…
The stablecoins landscape is undergoing a fundamental shift, with the real advantage no longer lying in token issuance or technical infrastructure, but rather in direct user relationships and distribution networks, according to Christian Catalini, co-creator of Meta’s failed Diem stablecoin and current MIT professor. The stablecoin market has exploded in recent weeks, with new offerings…
Bitcoin has retreated below $65,500 on Friday as mounting macroeconomic concerns pushed investors away from risk assets, erasing most of the cryptocurrency’s midweek gains. The largest cryptocurrency fell 3% from around $68,000 to $65,600 in early U.S. trading, with major altcoins and crypto-related equities following suit in a broader market selloff. A hotter-than-expected U.S. producer…
Top US Bank Regulator Refuses to Halt Trump Crypto Company Charter as Warren Warns of ‘Corruption’ Jonathan Gould, the Comptroller of the Currency, declined Thursday to delay or deny World Liberty Financial’s application for a national trust bank charter, despite fierce pressure from Senator Elizabeth Warren over foreign ownership and potential conflicts of interest. At…
An artificial intelligence security scanner identified a critical vulnerability in the XRP Ledger that could have enabled attackers to drain funds from victim accounts without access to private keys, potentially putting $80 billion at risk. Security engineer Pranamya Keshkamat at cybersecurity firm Cantina and the company’s AI security bot discovered the “critical logic flaw” in…
Circle Stock Surges Nearly 50% Post-Earnings, But Short Squeeze Drives Rally More Than Fundamentals Circle (CRCL), the issuer of the USDC stablecoin, has surged approximately 45% in less than two trading sessions following its Wednesday fourth quarter earnings report. The dramatic move represents a sharp reversal from an 80% drawdown the stock experienced from its…
Bitcoin briefly touched $ 70,000 during Wednesday’s New York trading session as institutional buyers returned to spot Bitcoin exchange-traded funds, fueling speculation that the cryptocurrency could target $80,000 in the coming weeks. The latest recovery pushed BTC above a critical technical level at $68,338, the 200-week exponential moving average, according to data from TradingView. The…
