Author: John Smith
Key Takeaways The breach, which exposed non-sensitive data of claimants involved in FTX’s ongoing bankruptcy proceedings FTX noted that despite the breach, no sensitive information such as account passwords, internal systems, or financial funds were compromised. In the wake of a recent cybersecurity breach involving Kroll, a third-party agent responsible for managing creditor claims, FTX Derivatives Exchange has taken swift action to safeguard its users and prevent potential future incidents. The financially distressed crypto trading company has opted to temporarily suspend accounts of affected users accessing its claims portal, as it aims to mitigate risks and ensure the security of…
Key Takeaways Under the act, the CFTC would become the lead regulator for most digital assets, with issuers retaining the option to register with the SEC if they plan to target institutional investors directly. A new amendment states that certain non-controlling blockchain developers and service providers will not be categorized as money transmitters, sparing them from extensive registration requirements. In a landmark development for the U.S. crypto industry, the Digital Asset Market Clarity Act—known as the CLARITY Act—has successfully passed through two critical House committees and will now advance to the full House of Representatives for consideration. The bill, formally…
Guggenheim Treasury Services, a subsidiary of Guggenheim Capital, has begun issuing U.S. Treasury-backed digital commercial paper on the XRP Ledger, marking the first native fixed-income product of its kind on the blockchain. In a June 10 press release, Ripple announced that Guggenheim’s DCP would now be available on XRP (XRP) Ledger through the Zeconomy platform. Since its initial launch on Ethereum (ETH) in September 2024, the tokenized asset, which has been rated Prime-1 by Moody’s, has processed over $280 million in volume and offers custom maturities of up to 397 days. DCP, which boasts quicker settlement, reduced fees, and round-the-clock…
Staring June 17, Starknet will launch STRK Staking v2, the next stage of its staking program, on the mainnet, introducing new performance and incentive systems for delegators and validators. The upgrade was announced on June 10 via Starknet’s (STRK) official X account. Staking v2 introduces block attestation and commission adjustments, two major features that will improve validator reliability and reward fairness. Under block attestation, validators must confirm randomly chosen blocks in each epoch to prove they’re online and tracking the network. Those who fail to do so will not receive rewards, and their delegators lose out as well. This ensures…
The recent uptrend in the crypto market has injected fresh momentum into a wide range of assets. While Bitcoin (BTC) set the tone, some assets seized the spotlight to deliver standout performances, and among them was Myria (MYRIA). Myria (MYRIA), the native token of the Ethereum-based Layer-2 gaming platform, emerged as one of the top gainers during the latest crypto market uptick, soaring by 50% yesterday and up 5% in the past 24 hours. The surge brought the token to $0.00184, marking a 199.2% increase from its yearly low of $0.000615 and pushing it to new multi-month highs. MYRIA’s price…
A 38-year-old Russian founder of a cryptocurrency payment firm has been charged by the United States Department of Justice for the operation of a multi-million dollar money laundering scheme. According to a DOJ statement released on June 9, Iurii Gugnin, the New York-based founder of crypto firm Evita is facing a a 22-count indictment for charges revolving around the use of his company to funnel more than $500 million in illicit funds. Prosecutors allege that Gugnin moved the funds through the U.S. financial system to support transactions for sanctioned Russian banks, defraud American financial institutions, and aid the export of…
Hyperliquid has surged to a new all-time high closing at over $42, riding a wave of renewed market optimism, increased whale activity, and bullish investor sentiment. On June 11, 2025, HYPE (HYPE) jumped by over 8%, pushing its price to a new record of $42.07. The rally extended its gains from the day before, marking a sharp reversal from last week’s dip that brought the token close to the $30 level. The token’s new ATH record caps weeks of growing investor confidence, fueled by positive momentum, fresh exchange listings, and speculation of further upside potential. Trading volume also surged to…
Germany’s Financial Intelligence Unit reported a record surge in suspicious activity reports tied to cryptocurrencies last year, even as overall SAR filings declined. In its annual report released Tuesday in Cologne, the FIU stated that 8,711 crypto-related notifications were submitted in 2024 — marking an 8.2% increase from the previous year, Bloomberg reported. This occurred despite the total number of SARs dropping after the agency issued new guidance aimed at reducing irrelevant reports. The majority of the flagged transactions involved Bitcoin (BTC), followed by Ethereum (ETH), Tether (USDT), and Litecoin (LTC). These tokens were frequently linked to activity on trading…
The Digital Asset Market Clarity Act has cleared the House Agriculture Committee, moving closer to a full House vote. Lawmakers on the House Agriculture Committee voted 47-6 on Tuesday to advance the bill, moving it one step closer to broader congressional review, with Committee Chair GT Thompson confirming it will now head to the full House and that members may submit counterarguments by the end of the week. As the House Agriculture Committee advanced the bill, the House Financial Services Committee held a concurrent session to consider amendments that could reshape key provisions within the bill. One proposed amendment, introduced…
Sui is recovering from consolidation as developments around exchange-traded funds fuel fresh momentum. At press time, Sui (SUI) is trading at $3.46, up 2.1% in the past 24 hours and rebounding from a weekly low of $2.92 on June 6. The dip had been driven by market fallout from the Cetus (CETUS) hack and broader macroeconomic pressures. SUI’s recovery, however, might be aided by fresh institutional momentum. With a 24-hour trading volume of $1.01 billion, up 300% from the day before, SUI’s market activity has significantly increased. As per Coinglass data, SUI’s derivatives volume rose 6.44% to $5.16 billion, while…