Tether announces $150M recovery program for Drift Protocol

In recent developments, the Drift Protocol will use the $150 million to relaunch and restore user funds following a $280 million exploit earlier in April. Looking closer, market participants highlight…

Zonda exchange says 4.5K BTC wallet inaccessible amid withdrawal crisis

In recent developments, the CEO of the troubled Zonda exchange has disclosed a Bitcoin wallet holding around 4,500 BTC, but said the private keys were never transferred during a company…

Bitcoin rebounds near $74.5K as US stocks chase after new all-time highs

In recent developments, bitcoin attempted to recover the $75,000 level as US stocks chase after a second day of fresh all-time highs. Is the bull market back on? Looking closer,…

Ukraine arrests FBI-wanted cybercrime suspect, seizes $11M in assets

In recent developments, ukrainian authorities detained a suspect linked to a $100 million cybercrime network targeting the US and Europe, seizing $11 million in assets, of which $3 million was…

Naver-Dunamu filing sets IPO committee, listing timeline for fintech group

In recent developments, the corrected filing details timeline, caveats and conditions tied to a potential Naver Financial IPO after the Dunamu share swap deal. Looking closer, market participants highlight key…

Why Australia’s $17B crypto opportunity depends on regulation

In recent developments, australia’s A$24B digital asset opportunity hinges on regulation. Clear rules could drive tokenized markets, faster payments and institutional investment. Looking closer, market participants highlight key drivers such…

OneCoin’s fallout lingers as US victims get a shot at recovery

In recent developments, investors in the cryptocurrency Ponzi scheme OneCoin may finally get some relief through a Department of Justice program, some 12 years after the project launched. Looking closer,…

UAE investors buy AI dip, keep crypto exposure despite conflict

In recent developments, uAE investors are buying the AI and tech dip, keeping exposure to software, chips and crypto as the Iran conflict stress-tests the Gulf’s bid to be a…

French minister says new measures are coming after crypto kidnappings

In recent developments, jean-Didier Berger said at Paris Blockchain Week that France is preparing new steps to protect crypto holders as wrench attacks and kidnappings keep mounting. Looking closer, market…

Circle CEO sees ‘tremendous opportunity’ for yuan stablecoin despite Chin…

In recent developments, circle’s Jeremy Allaire sees “tremendous” room for a yuan stablecoin, despite China banning most private yuan tokens and pushing its CBDC to challenge US dollar stablecoins. Looking…