Circle refuses to freeze $230M USDC after Drift hack, citing legal rules while debate grows over crypto control and security risks. A major crypto debate has emerged after Circle refused to freeze stolen funds. The problem came after a big hack on Drift Protocol earlier this month. The platform lost...
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ECB Backs Tokenization With Strict Rules on Stability and Control
ECB supports tokenization with strict rules, focusing on central bank money, regulation, and interoperability for safe financial market growth. The European Central Bank has outlined a cautious plan for tokenizing Europe’s capital markets. The policy emphasizes efficiency benefits but also stringent protection. In addition, the authorities stressed that financial stability...
Fake Ledger App Slipped Past Apple, Cost Musician G. Love Nearly 6 BTC
Musician G. Love lost 5.92 BTC to a fake Ledger app on the Apple Mac App Store. ZachXBT traced the stolen funds to KuCoin deposit addresses. Garrett Dutton, known professionally as G. Love, lost nearly six Bitcoin in seconds after a fake Ledger app slipped through the Apple Mac App...
Crypto Industry on the Brink of Regulatory Clarity in the U.S.
Crypto legislation advances as disputes narrow, with stablecoin yields and oversight shaping final negotiations. Momentum is building in Washington as lawmakers move closer to passing long-awaited cryptocurrency legislation. Progress in negotiations has reduced major disagreements that once stalled efforts. Industry participants now see a clearer path toward regulatory structure. Attention...
ClearBank Becomes First Dutch Bank Approved Under MiCAR for Crypto Services
ClearBank Europe becomes the first Dutch bank to gain MiCA CASP status, unlocking stablecoin access across the EU via Circle’s Mint platform. ClearBank Europe has secured a major regulatory milestone. The bank received formal confirmation from the Dutch Authority for the Financial Markets (AFM) to operate as a Crypto Asset...
Kraken Targeted by Criminal Group in Data Leak Threat, Refuses to Pay
Kraken links extortion threat to insider misuse, confirming no breach while tightening controls and aiding investigations. Crypto exchange Kraken is confronting an extortion attempt tied to insider misuse of its support systems. Threat actors claim to possess videos showing limited client data access and are demanding payment. Company officials say...
Ondo Files With SEC to Bring Public Blockchain Rails to OGM
Ondo Finance files with SEC to bring Ethereum blockchain rails to its Global Markets platform, targeting U.S. stocks for non-U.S. investors. Ondo Finance made a bold regulatory move on April 13. The crypto firm submitted a no-action request to the U.S. Securities and Exchange Commission. The filing centers on Ondo...
$DOT Bridging Exploit: Hackers Mint 1 Billion Unauthorized Tokens
Hyperbridge flaw allowed fake DOT minting, exposing weak cross-chain validation and triggering sharp market disruption. Concerns over cross-chain security have emerged after a major exploit hit the Hyperbridge protocol. Attackers managed to mint a massive supply of unauthorized bridged DOT tokens on Ethereum. Market participants are now reassessing risks tied...
Binance Sees Lowest BTC Inflows in 6 Years: Is a Bitcoin Supply Shock Next?
Bitcoin inflows on Binance drop to 2020 levels as holders sit tight. Is a BTC supply shock brewing? Here’s what the data shows. Bitcoin holders are not rushing to sell. On-chain data shows BTC inflows on Binance have collapsed to their lowest levels since 2020. According to CryptoQuant analyst Darkfost,...
ABA Warns Yield Stablecoins Could Drain Bank Deposits Fast
The ABA says yield-paying stablecoins could pull deposits from community banks, tighten local lending, and raise funding costs fast. The American Bankers Association is pushing back on a White House economic report about stablecoins. The ABA argues the analysis is asking the wrong question entirely. Instead of examining what happens...