Analysis
Exchanges
Hong Kong authorities issue public alert about fraudulent crypto exchange masquerading as MEXC Global
The scammers are reportedly pretending to be a legitimate virtual asset trading platform (VATP) and luring unsuspecting victims into participating in what appears to be a crypto investment scam.
Regulation
Janet Yellen continues to call for legislation to beef up crypto, AI regulation
Yellen said that cryptocurrencies and stablecoins pose significant financial stability risks and called on Congress to create a comprehensive regulatory framework to monitor and supervise the sector.
Regulation
US Treasury report finds crypto use in illicit financial activity remains small but growing fraction of total flows
Despite accounting for a minor portion of the total financial flows involved in money laundering, the burgeoning sector of virtual assets raises significant regulatory, compliance, and enforcement questions.
Legal
Montenegro appellate court blocks Do Kwon’s extradition
The appellate court identified "significant violations of the provisions of criminal procedure," specifically citing issues with the clarity, reasoning, and comprehensiveness of the High Court's decision.
Regulation
BIS raises concerns over future of metaverses, advocates for strong public policy framework
the BIS calls for a concerted effort among global regulators, central banks, and policymakers to craft regulations that not only foster innovation but also protect users and maintain the integrity of digital transactions.
Partnerships
Abu Dhabi Global Market partners with Solana Foundation to drive web3 adoption in UAE
The partnership aims broaden ADGM's blockchain and Web3 ecosystem in Abu Dhabi by exploring joint initiatives and projects.
Legal
Prosecutors raise concerns over lawyers defending SBF, Mashinsky
At the heart of the concern are attorneys Marc Mukasey and Torrey Young, who have registered their appearances in both cases, raising questions about the potential for conflicting interests.
Trading
Ronin down nearly 30% after Binance listing
Ronin experiences a dramatic fall following its Binance listing, shedding nearly 30% amid surging negative sentiment and selling pressure.
Technology
Solana resumes operations after resolving major outage
The interruption, which started at approximately 9:53 AM UTC, was resolved after a collaborative effort by Solana's engineers and validator operators.
AI
Coin Center Director of Research raises alarm over identity fraud via AI
Peter Van Valkenburgh sounded the alarm after an investigative report revealed details surrounding an underground website called OnlyFake.
Crypto
ENS enters partnership with domain giant GoDaddy to link DNS with .eth names
ENS and GoDaddy's innovative collaboration paves the way for a decentralized, user-centric internet.
Regulation
South Korea proposes stricter screening of crypto executives
Under the new regulations, any alteration in the representative or executive positions within crypto businesses must be reported and approved before assuming the new role.