Cryptocurrency exchange MEXC reported a significant 200% increase in coordinated fraudulent trading activity in the first quarter of 2025. Most fraudulent activity is concentrated in Asia, with India accounting for nearly 27,000 or 33% of flagged accounts. Fraudulent Activity Concentrated in Asia Cryptocurrency exchange MEXC reported a sharp, 200% increase in coordinated fraudulent trading activity … Read more
Key Points: The Solana Foundation and Dubai VARA sign an MoU for crypto development support. Focuses on talent, economic data, and fostering Dubai’s Solana Economic Zone. Market and developer sentiment remains positive with potential long-term benefits. The Solana Foundation and Dubai’s Virtual Asset Regulatory Authority (VARA) announced a Memorandum of Understanding on June 3, 2025. … Read more
Coinbase was reportedly told in January that its customer data could have been leaked by an employee of an outsourcing company, months before it publicly disclosed the incident last month. Part of the breach, which Coinbase publicly disclosed in a May 14 regulatory filing, happened when an India-based employee of the outsourcing firm TaskUs was … Read more
Bitfinex and Tether have transferred $2.7 billion worth of Bitcoin to Twenty One Capital, signaling a significant move in institutional crypto treasury management. This transfer supports Twenty One Capital’s upcoming Nasdaq debut and highlights a growing trend of corporate Bitcoin accumulation through innovative financing strategies. According to Paolo Ardoino, CTO of Bitfinex and CEO of … Read more
The Norway-based crypto exchange Norwegian Block Exchange has seen its stock price jumped over 138% in a single day after it said it was starting to buy and hold Bitcoin. The company said on June 2 it purchased 6 Bitcoin (BTC), worth $633,700 at current prices, with plans to expand its holdings to 10 BTC … Read more
ANAHEIM, CALIFORNIA – MAY 27: Paul Goldschmidt #48 of the New York Yankees looks on in the dugout … More during the game against the Los Angeles Angels at Angel Stadium of Anaheim on May 27, 2025 in Anaheim, California. (Photo by Ric Tapia/Getty Images) Getty Images Aaron Judge might get most of the headlines … Read more
A stablecoin-regulating bill will soon be on the US Senate floor for debate, and crypto lobbying groups have called on lawmakers to focus on passing the bill, as some senators have flagged possible amendments. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act could pass the Senate as soon as this week. It … Read more
COINOTAG News reported on June 3rd that Kyle Samani, co-founder of Multicoin Capital, provided insights regarding the Ethereum Foundation’s recent workforce reduction and strategic pivot. Samani emphasized that the term “focus” typically denotes a reduction in scope rather than expansion, particularly when organizational objectives should align seamlessly. He highlighted an apparent contradiction between the Ethereum … Read more
Singapore is mandating crypto service providers operating locally but serving overseas customers to get licensed or exit by June, with no grace period or phased rollout. Singapore Gives Crypto Firms Until June 2025 to Comply, Without Grace Period or Tiered Rollout The Monetary Authority of Singapore (MAS) finalized its position on May 30 regarding the … Read more
Key Points: Lazarus Group exploits crypto bridges for laundering funds. Ethereum transactions traced to hacker activities. ZachXBT’s findings expose cross-chain laundering strategies. Recognized on-chain detective ZachXBT revealed potential illicit activities by North Korean hacker groups laundering money through cross-chain bridges, impacting the crypto market. These findings highlight vulnerabilities in bridge infrastructure, prompting calls for stricter … Read more