FTX-Backed Exchange Hits $1B Valuation
Backpack, founded by ex-FTX staff, secures a $1 billion valuation and plans a 1-billion-token launch linked to a U.S. IPO. #Update #Crypto
Worldcoin Parent Faces Leadership Shakeup
Tools for Humanity, led by Sam Altman, faces leadership changes as top executives exit amid cultural concerns; company remains focused on identity verification. #Update #Tech
Bitcoin Faces Quantum Threat to Security
CoinShares reveals that addresses with large BTC balances are most vulnerable to quantum attacks, sparking debate on post-quantum upgrades in the crypto industry. #Update #Crypto $BTC
Bitcoin Probes Bithumb After $43B Payout
South Korea’s Financial Supervisory Service investigates @Bithumb for mistakenly crediting 620,000 BTC ($42.8B) to user accounts, raising operational risk concerns; 125 BTC remains unsettled. #Breaking #Legal $BTC
XRP Boosts RLUSD Stablecoin with Zand Bank
@Ripple expands its partnership with @Official_Zand to enhance the use of RLUSD stablecoin in the UAE, supporting Zand’s AEDZ stablecoin. #Update #Crypto $XRP
Jump Trading Invests in Polymarket Kalshi
@JumpTrading plans to acquire small stakes in prediction markets Kalshi and Polymarket, providing liquidity in exchange for equity, as reported by Bloomberg. #Update #Crypto
Jump Trading Secures Stakes in Polymarket
Jump Trading gains equity in @Kalshi and Polymarket for liquidity services, with potential growth in Polymarket stake. Valuations hit $11B and $9B. #Update #Finance
Crypto Hype Fades as TradFi Integrates
Fed Governor Waller claims crypto hype is fading, paving the way for integration with traditional finance. Investors pivot to @BMIC’s quantum-secure infrastructure, raising $445K. #Update #Crypto
Bitcoin ETF Inflows Surge $145 Million
Crypto ETFs see a steady start as $BTC experiences a $145 million inflow, boosting confidence in $ETH and $XRP products. #Update #Crypto $BTC
Polymarket Launches Federal Lawsuit Against Massachusetts
@Polymarket has filed a federal lawsuit against Massachusetts, challenging the state’s authority over event contracts and seeking to prevent enforcement of state gambling laws. #Breaking #Legal $BTC (-8) ↘
Ethereum Launches MegaETH Mainnet with Rabbithole
MegaETH launches mainnet with Rabbithole portal for app discovery, asset swaps, and ecosystem navigation; targets 100K transactions per second. #Update #Crypto
Bitcoin Mastermind Sentenced 20 Years for $73M Scam
Daren Li, a dual national of China and St. Kitts and Nevis, was sentenced to 20 years for a $73M cryptocurrency scam targeting US investors; eight co-conspirators await sentencing. #Breaking #Legal $USDT
Coinbase CEO Slammed in CLARITY Act Meeting
U.S. Treasury Secretary Scott Bessent criticizes Coinbase CEO Brian Armstrong for opposing the CLARITY Act, urging compromise ahead of today’s White House meeting on crypto regulations. #Update #Crypto $BTC
Crypto Exchange Launches to Bridge FX Gap
@LMAXGroup has launched Omnia Exchange, enabling 24/7 trading of FX, crypto, and stablecoins on a unified platform. This aims to enhance liquidity and reduce barriers for institutions. #Update #Crypto $XRP