Author: John Smith

Sanctioned crypto exchange Garantex might have lost $26 million in frozen Tether, but another $15 million in crypto is still moving, or at least quietly sitting. Weeks after the United States led a high-profile freeze of $26 million in Tether (USDT) assets tied to sanctioned Russian crypto exchange Garantex, a new investigation suggests the enforcement may have only scratched the surface. A report from blockchain analytics firm Global Ledger, found that more than $15 million in additional reserves remain untouched across Ethereum, Bitcoin, and BNB Chain networks. These assets appear to be active, and in some cases, already on the…

Thailand’s SEC is seeking public feedback on proposed changes to digital asset listing rules for licensed crypto exchanges, with stricter disclosure requirements and broader listing allowances. The Securities and Exchange Commission of Thailand has opened a public consultation on proposed revisions to the criteria for selecting digital assets to be offered on crypto exchanges. The opinion collection will be done through its website, the central legal system platform, or via email and last until July 21. The development follows the SEC board’s meeting in June, where the board formally approved a plan to update the listing criteria. Under the proposed…

World App’s parent company, Tools for Humanity, announced the acquisition of the iOS-native ETH wallet Dawn Wallet. The app will be ‘winding down’ in the coming weeks following the transition. According to an official statement on the World Chain site, the Dawn Wallet app will be phasing out in the coming weeks after it has been acquired by Sam Altman-backed Tools for Humanity. However, the company behind World App assures users that it will simply be transitioning into the World (WLD) project. “This transition marks both an ending and a beginning. Dawn Wallet will wind down in the coming weeks,…

Is fresh interest in Bitcoin fading? A sharp drop in short-term holders and record-low demand momentum suggest that it is. According to data from on-chain analytics firm CryptoQuant, wallets associated with short-term Bitcoin holders have seen a sharp decline since late May. As of June 19, this group of investors now controls only around 4.5 million BTC, down from 5.3 million on May 27.  The numbers mark a decline of 800,000 BTC, or roughly 15.1%, in less than a month. Short-term holders (STH) are typically investors who bought Bitcoin within the past few weeks or months. In bullish market cycles,…

AVAIL, the native crypto of modular blockchain infrastructure platform Avail, has secured a listing on Binance Alpha. In a June 20 X post, crypto exchange Binance announced that AVAIL has been listed on Binance Alpha, the exchange’s early-access section that showcases trending and promising Web3 projects. As part of the launch, Binance Alpha is hosting an exclusive airdrop campaign, which will be completed in two phases over the day. Users can claim AVAIL tokens using their Alpha Points, Binance’s reward system for early engagement. The platform also revealed the launch of an AVAIL trading competition for its users with a…

Key Takeaways Operators of crypto ATMs in Spokane have 60 days to dismantle and remove their machines or face civil infractions, including the potential revocation of business licenses. The ban, authored by Councilmember Paul Dillon, was triggered by concerns over a surge in crypto scams  Spokane, Washington, has enacted a citywide ban on cryptocurrency ATMs, becoming the first jurisdiction in the state to do so. The decision follows a unanimous vote by the Spokane City Council on Monday, citing an alarming rise in fraud cases involving virtual currency kiosks. Effective immediately, operators of crypto ATMs in Spokane have 60 days…

A new phishing campaign is targeting cryptocurrency users by impersonating Aave, one of the most widely used decentralized finance platforms. On June 20, web3 security firm Scam Sniffer issued a warning that fake Aave (AAVE) ads were appearing at the top of Google search results. These ads lead users to malicious websites intended to steal funds, tricking them into signing harmful transactions. The phishing websites closely resemble Aave’s official platform in terms of user interface and misleading domain names. After connecting a wallet, users are asked to authorize transactions that can steal assets without them noticing. This kind of scam…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The web3 revolution promised a decentralized utopia where users would control their assets and data in an open, borderless digital economy. Instead, we have built a maze of isolated networks, each demanding its own wallet, gas token, and operating rules. This industry-wide fragmentation can hinder innovation and deter new users from adopting the technology. Interoperability between chains is not just a technical improvement; it is the foundational layer for the mainstream future of web3. The current fragmentation…

Ant Group denies rumors of a collaboration between Ant Financial Technology and publicly-listed Chinese company Hainan Huatie involving partnerships in RWA and stablecoins. In an official statement shared on the social platform WeChat, the fintech arm of Alibaba addressed rumors circulating about its digital technologies arm collaborating with another Chinese company to pursue web3-related ventures. The company in question is Hainan Huatie, a Chinese company that provides AI-computing services. According to the press release, there’s been widespread speculation that the digital technology firm is gearing up for a cooperation with Hainan Huatie involving stablecoins and real-world assets. The company clarified…

Ex-Animoca exec had his crypto wallets drained after downloading a fake Zoom update during a phishing attack linked to North Korean hacking group Lazarus. Mehdi Farooq, an investment partner at Hypersphere and ex-Animoca Brands exec, revealed in a post on X on Thursday that he lost a large portion of his life savings in a Zoom hack linked to the North Korean hacking group Lazarus. The scam began when Farooq received a Telegram message from Alex Lin, a professional acquaintance. Lin asked to catch up, and Farooq shared his Calendly link to schedule a call. The next day, shortly before…