Regulation
Crypto
Analysts warn MicroStrategy’s plan to fuel Bitcoin buys with debt could backfire
JPMorgan analysts believe MicroStrategy's debt-funding approach to Bitcoin purchases could worsen a market downturn.
Exchanges
Hong Kong SFC expands violations list adding MEXC for unlicensed operations
Hong Kong's SFC said it might take enforcement actions against MEXC for its unlicensed operations.
Crypto
El Salvador receives Bitcoin donation after revealing on-chain address
El Salvador's Bitcoin reserves surpass expectations, hitting $383 million.
Crypto
US senators push SEC to reject other crypto ETF proposals, casting doubt on Ethereum ETF approval chances
Coinbase's legal chief Paul Grewal said the SEC risks facing legal battles if it decides against approving Ethereum ETFs.
Crypto
Bitcoin’s sudden price correction wipes out over $666 million from long traders in 24 hours
Market observers explained that the major Bitcoin price correction was caused by inflation fears.
DeFi
Hackers like Lazarus continue to use Tornado Cash despite US sanctions
Elliptic said Lazarus Group's return to Tornado Cash reflects the authorities' inability to curb the mixer's operations effectively due to its decentralized nature.
Technology
Zero Knowledge protocol Polyhedra Network valued at $1 billion despite recent token theft
Polyhedra has eyes on bridging the Bitcoin and Ethereum ecosystems.
Exchanges
Nigeria ‘not yet one of its top markets’ says Binance, despite high crypto adoption in African country
Binance asserts support for Nigeria's fintech future in face of government scrutiny.
Exchanges
Crypto.com hit with €2.85 million fine by Dutch Central Bank for regulatory noncompliance
Information on the regulator website show that the exchange has lodged an appeal against this fine.
Crypto
Blobs successfully slash layer-2 fees as Ethereum Dencun upgrade aims to increase adoption
The Dencun upgrade resulted in near-zero fees for transactions on Ethereum layer-2 networks.
Hacks
Over $2 million in Ethereum stolen in sophisticated phishing scheme
Crypto phishing scams have claimed more than $100 million from nearly 100,000 victims this year.
Exchanges
US court tightens grip on Changpeng Zhao with travel and passport restrictions
Zhao's legal woes intesifies as he faces a new class-action lawsuit in the United States.
