Trading
Exchanges
Paradigm backs Binance in move to dismiss SEC charges
The venture capital firm argued that the SEC lacks jurisdiction over the emerging cryptocurrency industry.
Stablecoins
Paolo Ardoino to take over as Tether CEO in December
Ardoino co-led the strategy that led to USDT's substantial market capitalization growth.
AI
US tightens grip on AI chip export to China amid escalating tech battle
China is targeting increasing its computing power by 50% in 2025.
Analysis
Will SEC file appeal by deadline as Grayscale Bitcoin Trust discount hits yearly low?
Market observers speculate that the U.S. Securities and Exchange Commission (SEC) will not contest the Court's directive.
Hacks
Multimillion FTX hack linked to Russian hackers: Elliptic
The laundering methods employed by the hacker is "disstinct and unsophisticated"
Exchanges
Binance rebrands feed feature as Binance Square, a social platform with monetization tools
Binance CEO Changpeng Zhao said blockchain technology can help to enhance social platforms.
Exchanges
Kraken founder accuses ‘incompetent VCs’ of enabling ‘obvious fraud’ at FTX
Several venture capital firms, including Sequioa, had invested in the bankrupt FTX.
Stablecoins
Depeg crisis of real estate-backed USDR stablecoin deemed terminal as protecting users ‘impossible’
Tom Wan tied the stablecoin challenges to its use of illiquid assets, such as real estate, for its reserves.
DeFi
DeFi TVL down 30% YoY yet liquid staking and Tron based projects defy trend
2.5 million active monthly users lost by DeFi projects since May.
Hacks
How Alameda Research lost nearly $200M to security breaches
A former engineer at Alameda revealed that Sam Bankman-Fried (SBF) prioritized rapid company expansion over crucial risk management protocols.
Crime
North Korean hackers have abandoned Tornado Cash for Bitcoin Mixers: TRM Labs
Tornado Cash's overall volume has plunged by around 85% following the U.S.-imposed sanctions.
Banking
BlackRock leverages JPMorgan’s new blockchain tools for instant collateral settlement with Barclay’s
JPMorgan has said the technology has the potential to enhance efficiency by unlocking capital for use as collateral in ongoing transactions.
