Ethereum Tokens Returned After Tax Blunder
South Korea’s National Tax Service accidentally leaked seed phrases, leading to the temporary theft of $4.8M in illiquid tokens, which were later returned. #Breaking #Security
XRP Surges as Bitcoin Ethereum Struggle
XRP-linked ETFs are attracting capital amid crypto fund outflows, capturing 50% of new altcoin ETF investments, while Bitcoin and Ethereum face sustained selling pressure. #Update #Crypto $XRP
Bitcoin Decline Deepens as $70K Level Evaporates
El Salvador’s National Bitcoin Office and Wespark launch Bitcoin Diploma 2.0 for public schools next term, simplifying bitcoin education. #Update #Education
Gold Rebounds 8% as Bitcoin Stalls
The Ethereum Foundation unveils Project Odin, a 12-month initiative to help public goods teams achieve financial stability. Vyper programming language is the pilot participant. #Update #Crypto $ETH
Bitcoin Insiders Profit Over $1M from Axiom
ZachXBT’s investigation into Axiom uncovered insider trading, with insiders profiting over $1M from 12 identified wallets and achieving an average ROI of 256% #Breaking #Crypto $AXI (-8) ↘
Yen Stablecoins Propel Japan’s Crypto Growth
Japan is advancing its financial system towards stablecoins and tokenized assets, with @Startale launching a yen-backed stablecoin, JPYSC, to facilitate onchain carry trades. #Update #Crypto $JPYSC
Ethereum Launches Bold Plan to Solve Scaling
Vitalik Buterin outlines a new scaling strategy for Ethereum, aiming to increase transaction throughput and rethink gas fees to accommodate long-term data storage costs. #Update #Crypto $ETH
Bitcoin ATMs Ban Considered in Minnesota
Lawmakers in Minnesota consider banning crypto ATMs due to scams, potentially the first U.S. state to do so, mirroring New Zealand’s ban. #Update #Legal
Bitcoin Nears Record 100 BTC Wallets
Bitcoin is nearing a significant milestone as the number of wallets holding 100 BTC approaches record levels, indicating growing accumulation among large holders. #Update #Crypto $BTC
OpenAI Secures Record $110B Funding Round
OpenAI secures a record $110B funding round led by Amazon, Nvidia, and Softbank, boosting its valuation to $840B. #Breaking #Tech
Bitcoin Seized in $580M Scam Bust
The US DOJ’s Scam Center Strike Force seized $580M in crypto from Chinese criminal organizations’ pig butchering scams, marking a significant enforcement action. Legal
Bitcoin Stuck Below $70K Amid Tax Changes
Bitcoin remains below $70,000 this month as inflation rates in Japan decrease and several countries reassess their cryptocurrency tax regulations. #Update #Crypto $BTC
Stablecoin Launches Linked to Swiss Franc
@AllUnity has launched CHFAU, a stablecoin pegged to the Swiss franc, backed 1:1 by reserves. This ERC-20 token responds to institutional demand for regulated digital CHF. #Update #Crypto $CHFAU
Bitcoin Seizures Surge $580M in DC
The U.S. Scam Center Strike Force seized over $580M in cryptocurrency from Southeast Asian crime networks linked to Chinese organized crime, highlighting ongoing global crypto fraud challenges. #Breaking #Legal