Crypto Recovery Feds Reclaim $31 Million
U.S. authorities seized $31M in crypto from the 2021 @UraniumFinance hack, marking a significant recovery effort by SDNY and Homeland Security Investigations. #Breaking #Legal $BNB (+9) ↗
Decrypt News
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Sam Bankman-Fried Criticizes US Government Layoffs
Sam Bankman-Fried returns to Twitter, discussing layoffs and unemployment amid his legal challenges; $SBF coin spikes 8.4% following his posts. #Update #Crypto $SBF (+4) ↗
Bitcoin Reserve Plans Halted in South Dakota
South Dakota lawmakers reject HB1202, halting Bitcoin investment plans amid market volatility concerns, following Montana’s similar decision last week. #Update #Legal $BTC (-4) ↘
Ethereum Upgrade Stalls: Blocks Missed
Ethereum’s Pectra upgrade faced delays after failing to finalize on the Holesky testnet due to execution client issues with deposit contract addresses. #Update #Crypto $ETH (-4) ↘
Crypto Trading: Citadel Securities Enters Market
@CitadelSec enters crypto trading, planning to market-make on @Coinbase, @binance, and @cryptocom, marking a significant shift in institutional participation. #Breaking #Crypto (+8) ↗
Microsoft Stock Falls on Lease Cancellations
@Microsoft’s stock dipped 1.8% after @TDCowen reported lease cancellations on two U.S. data centers, but shares rebounded to $404.04. #Update #Tech (+3) ↘
OKX Fined 500M for US Violations
@OKX’s Aux Cayes FinTech Co. Ltd settles with DOJ, paying $504.7M for unlicensed U.S. operations and AML violations, including a $420.3M forfeiture. #Breaking #Legal (+9) ↘
Crypto Arrests: Coin Zx Fraud Unveiled
Police in Mumbai have charged Coin ZX’s MD and others for defrauding investors of $23M; Mahaseth relocated to Dubai amid ongoing investigations. #Breaking #Legal (-9) ↘
SEC Closes Robinhood Probe No Action
The U.S. Securities and Exchange Commission closed its investigation into @RobinhoodApp’s crypto operations without action, following a May 2024 Wells Notice. #Update #Legal (+3) →
Ethereum Deficit Closed Bybit’s $1.23B Purchase
@Bybit CEO Ben Zhou confirms the $1.4B Ethereum deficit is closed with a $1.23B purchase, following a major hack by the Lazarus Group. #Breaking #Crypto $ETH (+9) ↗
Crypto Scammers Target Automated Trading Bots
Blockchain security firm @CertiK reveals scammers are targeting AI trading bots with fake tokens, causing potential losses in the tens of millions of dollars. #Update #Crypto (+7) ↘
Bitcoin Reserve Bills Rejected by Montana
Montana’s House rejects a $50M Bitcoin investment bill, joining other states like North Dakota and Pennsylvania in opposing crypto reserves. #Update #Legal $BTC (-4) ↘
AI Breakthroughs: Pump.fun Solana Meme Coins
@pumpdotfun’s AI projects like Truth Terminal and Fartcoin see speculative attention, but experts doubt crypto’s role in AI innovation. #Update #Crypto $FARTCOIN (-3) ↘
Crypto Games Hamster Kombat Returns
@HamsterKombat launched HamsterVerse on Telegram, featuring new games and HMSTR token rewards. @FantasyTop expands to Monad’s testnet with free hero cards. Cardex suffered a $484K ETH drain. #Breaking #Crypto $ETH (-8) ↘