Author: John Smith

Malone Lam pleaded guilty on Sept. 8 to participating in a racketeering conspiracy that U.S. prosecutors linked to more than $245 million in cryptocurrency thefts. Summary Malone Lam pleaded guilty to one RICO conspiracy count involving $245 million in cryptocurrency thefts. Prosecutors said Lam organized an international network using social engineering and occasional residential break-ins worldwide. More than 4,100 Bitcoin were stolen from one Washington resident during the August 2024 attack. The criminal enterprise operated from October 2023 through at least May 2025, court documents show. Judge Colleen Kollar-Kotelly scheduled a December 8 status hearing without announcing Lam’s sentencing date…

Traditional digital asset returns often rely on price increases. Whether it’s XRP, BTC, or other crypto assets, prices are influenced by various factors such as market sentiment, liquidity, and policy environment. Therefore, solely relying on price increases for returns carries significant market volatility risk. Summary XRPPower offers short and long term digital asset service plans for XRP, BTC, ETH and USDT holders. Some plans advertise potential earnings of up to $50,000, with returns dependent on the selected plan and participation conditions rather than being guaranteed. New users receive a $21 registration bonus that can be used for daily contracts, while…

BitMine Immersion Technologies has purchased 28,086 ETH worth about $70.1 million, raising its Ethereum treasury to 5.93 million tokens as Chairman Tom Lee predicts further gains for the asset. Summary BitMine acquired 28,086 ETH last week, lifting its holdings to 5,929,198 tokens. The company now owns 4.9% of Ethereum’s estimated 122 million-token supply. More than 5.06 million ETH is staked, with projected annual revenue of $330 million. Tom Lee cited U.S. crypto legislation, tokenization, and blockchain-based AI as possible market catalysts. BitMine’s Ethereum treasury has reached 5.93 million ETH BitMine said in a Sep. 8 treasury update that it held…

Circle has added upfront fee payments to CCTP Fast Transfer, allowing developers to quote and collect cross-chain USDC fees on the source network while preserving the amount delivered to recipients. Summary CCTP developers can collect Fast Transfer and Forwarding Service fees before a USDC transfer. Fees can be paid in USDC or the source blockchain’s native gas token. Circle’s Quote API combines supported protocol fees into one signed, time-limited quote. Upfront fees require an EVM source chain, although transfers can still end on supported non-EVM networks. CCTP collects transfer fees before burning USDC Circle’s official developer documentation says the process…

Kalshi has lost an emergency injunction request at the 10th Circuit, leaving Utah free to enforce its gambling laws while the prediction market operator pursues its appeal. Summary The 10th Circuit denied Kalshi’s request for an injunction pending appeal. Utah may now bring civil or criminal enforcement action against the prediction market operator. States have won 12 consecutive federal rulings since an earlier Minnesota decision favored prediction markets. New Jersey has asked the Supreme Court to settle the federal-versus-state jurisdiction dispute. Utah can enforce its gambling laws against Kalshi Legal analyst Daniel Wallach said in an X post that the…

Copper CEO Amar Kuchinad has left the crypto custody company four months into a sale process that reportedly values the firm at $500 million despite potential offers near $200 million. Summary Kuchinad has departed less than two years after taking over from Copper founder Dmitry Tokarev. Cantor Fitzgerald has been marketing the custody company with a reported $500 million price tag. Potential buyers have submitted offers near $200 million, according to an earlier report. Copper recently appointed Elin Cherry and Sean Bowen to senior compliance and operations roles. Copper CEO leaves during buyer search According to a report on Sep.…

With 38 active cases across 21 states, conflicting federal rulings over Kalshi have raised the risk that U.S. prediction-market access will fragment by location and trading venue, Kalshinomics co-founder Aaron Courtney has told crypto.news. Summary New Jersey has asked the Supreme Court to resolve opposing federal rulings involving Kalshi. Courtney said state restrictions could weaken liquidity first in local political and event markets. Washington proxy data has not shown a clear statewide liquidity shock after Kalshi restricted access. Casino.org counts 38 pending prediction-market cases across 21 states and enforcement in 10 jurisdictions. Courtney, who co-founded prediction-market analytics platform Kalshinomics, said…

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company. XRP derivatives experienced a rare 10,535% liquidation imbalance during the Labor Day period, a time typically characterized by lower liquidity. Summary XRP briefly fell to about $1.38 as leveraged long liquidations intensified during low holiday liquidity. XRP open interest reportedly dropped 14%, from $558 million to $478 million. US spot XRP ETFs recorded an eighth straight week of inflows, adding approximately $19…

Bitcoin has become one of the world’s largest pools of digital capital, yet only a small fraction participates in onchain financial activity. Summary Stacks plans to use self-custodial Bitcoin Staking as an entry point for BTC holders, targeting roughly 3% annualized rewards paid in Bitcoin. Its roadmap moves from attracting Bitcoin capital to scaling network infrastructure and expanding into lending, trading, perpetual markets and programmable BTC. StackingDAO, Bitflow, Zest Protocol and Hermetica are developing liquid staking, trading, credit and yield products that could give staked and Bitcoin-linked capital more uses across the ecosystem. Other crypto ecosystems built large economies around…

Robinhood’s tokenized AMC product briefly traded far above the referenced stock during the U.S. Labor Day weekend, prompting a fresh test of whether activity on Robinhood Chain can move real equity markets. Summary Robinhood Stock Tokens provide economic exposure but grant holders no ownership or voting rights whatsoever. IOSG estimated tokenized AMC supply expanded nineteenfold as arbitrageurs responded to an onchain price premium. AMC shares rose during premarket trading, although researchers could not isolate token related buying precisely. Dynamic creation and redemption can close premiums, limiting sustained squeezes in genuinely backed stock tokens. Market closures can interrupt issuance, leaving token…