Fri, December 19

Kaito AI and Founder Yu Hu’s X Accounts Hacked as Token Price Recovers

Kaito AI and its founder, Yu Hu, faced a cyberattack on March 15, as their X social media accounts were hacked. Hackers used the breach to spread false claims about issues with KAITO token wallets, causing the token price to drop by nearly 10% before rebounding. Hackers posted misleading warnings

March 16, 2025 2 mins read

SEC Did Not Assign Roles to XRP, ADA, and SOL, Clarifies John Deaton

Amid rising speculations on what the roles of XRP, ADA, and SOL will be in the American financial system during the Trump administration. Crypto attorney John E. Deaton has strongly debunked assertions that the U.S. SEC had formally designated the said altcoins to certain roles. A report doing the rounds

March 15, 2025 2 mins read

Trump Family Project (WLFI) Accuses Media of Anti-cryptobias

The Trump Family Project has stood firmly against the big media giants like The Wall Street Journal and Bloomberg. Labeling them for politically motivated assaults on the crypto sector. The project spoke of what it refers to as an alarming trend of agenda journalism, intended to disprove blockchain and DeFi

March 15, 2025 2 mins read

VanEck Seeks SEC Approval for First Spot Avalanche (AVAX) ETF

VanEck has submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) for the VanEck Avalanche ETF. Bloomberg analyst James Seyffart noted that while the registration had been widely discussed earlier, this filing represents the first official submission to the SEC. The firm has not yet disclosed the

March 15, 2025 2 mins read

UK NCA Officer Charged Over Alleged 50 BTC Theft Now Worth $4.2M

A UK National Crime Agency (NCA) officer has been charged over the alleged theft of 50 Bitcoin (BTC) in 2017. The stolen BTC was worth around £60,000 ($77,400) at the time. Today, it is valued at approximately £3.2 million ($4.2 million). Paul Chowles, 42, from Bristol, faces 15 criminal charges.

March 14, 2025 2 mins read

Brazil Prioritizes Crypto for BRICS Cross-Border Trade

The BRICS economic bloc, comprising Brazil, Russia, India, China, and South Africa, is shifting increasingly towards cryptocurrency. As well as blockchain payment systems to facilitate cross-border trade. While the coalition is looking for ways to reduce the use of the US dollar for foreign trade, some of the member countries

March 14, 2025 2 mins read

Russia Uses Crypto for Oil Trade with China and India Despite Sanctions

With more strict Western sanctions, Russian oil companies are using more and more cryptocurrencies to trade with India and China, Reuters. This reflects the part played by cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and stablecoins like Tether (USDT) in avoiding traditional financial rules. Crypto as a Tool to Trade Russian

March 14, 2025 2 mins read

U.S. Court Approves Three Arrows Capital’s $1.53B Claim Against FTX

A U.S. bankruptcy court has approved liquidators of defunct hedge fund Three Arrows Capital (3AC) to expand their claim against FTX to $1.53 billion. The ruling, issued by Judge John T. Dorsey of the U.S. Bankruptcy Court for the District of Delaware, dismissed objections from FTX’s debtors and allows 3AC

March 14, 2025 2 mins read

Solana SIMD-228 Proposal to Cut Inflation Rate Fails to Pass

The Solana community agreed to introduce the SIMD-228 proposal to change its current inflation rate system. After the final vote today, the proposal failed to pass with only 61.4% votes. Despite the rejection of the proposal, the Solana voting system is garnering attention across the industry.  Around 910 validators, amounting

March 14, 2025 2 mins read
Little Pepe