South Korea’s biggest crypto exchange, Upbit, temporarily froze deposits and withdrawals on Thursday after detecting about $36 million in unauthorized outflows from a Solana-network hot wallet. In an announcement, the exchange said the suspicious transfers were flagged around 4:42 am local time (7:42 pm UTC), prompting a shutdown of transfer services and a full security … Read more
Ripple’s dollar-pegged stablecoin was cleared for use by institutions in Abu Dhabi after winning recognition as an Accepted Fiat-Referenced Token by the local watchdog. In a Thursday announcement, Ripple said the approval allows regulated firms to deploy Ripple USD (RLUSD) inside the Abu Dhabi Global Market’s (ADGM) financial zone, an international financial center and free … Read more
Ethereum co-founder Vitalik Buterin has disclosed a donation of approximately $760,000 in Ether to two crypto messaging apps that he views as pushing the boundaries of digital privacy. Encrypted messaging apps, like Signal, are “important for preserving our digital privacy,” Buterin said in an X post on Wednesday, adding the next steps for the space … Read more
Australia’s government has introduced a new bill that will regulate crypto platforms under existing financial services laws after an industry consultation saw cautious support for the legislation. Assistant Treasurer Daniel Mulino introduced the Corporations Amendment (Digital Assets Framework) Bill 2025 on Wednesday, which would require crypto companies such as exchanges and custody providers to obtain … Read more
Ethereum co-founder Vitalik Buterin has disclosed a donation of approximately $760,000 in Ether to two crypto messaging apps that he views as pushing the boundaries of digital privacy. Encrypted messaging apps, like Signal, are “important for preserving our digital privacy,” Buterin said in an X post on Wednesday, adding the next steps for the space … Read more
XRP’s (XRP) newly launched exchange-traded funds (ETFs) absorbed nearly 80 million tokens on Nov. 24, sharply outperforming Solana’s recent ETF debut. The rapid inflows have pushed total assets under management (AUM) to $778 million, according to data from XRP Insights. Key takeaways: Grayscale and Franklin Templeton’s XRP ETFs absorbed nearly $130 million on product launch. … Read more
A long-term technical trend indicator for Bitcoin has turned bearish, leading at least one analyst to believe that the bull market may be over. “From a technical standpoint, the bull market is over,” crypto analyst “Crypto₿irb” told his 700,000 X followers on Thursday. Bitcoin (BTC) exhibits a “persistent trend shift, confirmed by price percentage traveled, … Read more
Bitcoin (BTC) rallied to $91,950 on Nov. 26 as data shows the market sitting at a key inflection point. Data from Capriole Investments placed Bitcoin’s production cost near $83,873, while the electrical cost, the baseline energy input for mining, sits far lower at $67,099. Key takeaways: Bitcoin is currently trading just above miner production cost … Read more
Animoca Brands founder Yat Siu aims to position his company as a vehicle for investors to gain exposure to broader crypto projects and the altcoin market, as the company plans to go public through a reverse merger next year. “We believe that altcoins, ultimately, over the largest space, are going to outperform Bitcoin as a … Read more
Bitcoin (BTC) is showing fresh downside risks as a deepening standoff between corporate Bitcoin holder Strategy (MSTR) and global index provider MSCI collides with a weakening technical structure. Key takeaways: Bull flag setup risks sending BTC price to $77.4K As of Wednesday, Bitcoin has consolidated within a bear flag, a short-lived recovery that typically forms … Read more