Month: August 2025

The CEO of South Korean exchange Bitsonic, Shin Jinwook, has received an extension to his seven-year prison sentence after authorities found evidence of fraud amounting to at least 100 million won or $72,000. Summary Bitsonic CEO Shin Jinwook was sentenced to six months in prison on top of his initial seven-year sentencing from 2023.Exchange executives fooled investors and defrauded customers by manipulating the price of its native token, BSC. On August 5, Judge Seon

North Korean IT workers are using fake identities to infiltrate crypto firms and steal millions worth of digital assets through remote job scams, cybersecurity researchers at Google Cloud and Wiz have warned. Summary North Korean threat actor UNC4899 operatives are increasingly targeting crypto companies.Both Google Cloud and AWS environments have been exploited by the group in multi-million dollar crypto thefts. Separate reports published by the firms have tracked U

The U.S. Securities and Exchange Commission has issued interim guidance allowing certain U.S. dollar-backed stablecoins to be treated as cash equivalents on corporate balance sheets.  Summary SEC permits qualifying USD stablecoins to be reported as cash equivalents.Applies only to fully backed, redeemable tokens with 1:1 pegs.Complements GENIUS Act and broader reforms under SEC Chair Paul Atkins. Reported on Aug. 5 by Bloomberg Tax, the guidance is a part of a wider

Crypto exchange Bitpanda just posted its strongest financial year on record, more than doubling revenue as partnerships and regulated offerings drive growth. Summary Bitpanda reported €393 million, around $426 million, in 2024 revenue, up 162% from the year before.The exchanges growth is driven by regulated product offerings, market expansion, and institutional partnerships. According to a press release shared with crypto.news, the Vienna-based crypto platform report

Grayscale Investments has announced the return of founder Barry Silbert as board chairman in a move that also saw the digital asset manager expand its management team with new board hires. Summary Grayscale founder Barry Silbert has rejoined the company as board chair.The company has also hired four other members to join the management team. Barry Silbert’s return comes as Grayscale prepares for the company’s next phase of growth, according to an announcement. As we

The U.S. Commodity Futures Trading Commission will allow spot crypto contracts to trade on federally registered exchanges, a landmark step to bring digital asset markets under direct federal oversight. Summary The CFTC will allow trading of spot crypto contracts on federally regulated exchanges under its new “Crypto Sprint.”Contracts will settle in actual digital assets like BTC and ETH, improving market transparency and compliance.The initiative complements SEC efforts

Bitcoin’s recent price moves have closely followed a two-year Fibonacci model. According to analyst CryptoCon, the next logical level could be around $166,000. Summary Bitcoin has consistently followed Fibonacci extension levels since bottoming at $15,500 in late 2022, with key pauses at $30,362, $46,831, $71,591, and $109,236.Crypto analyst CryptoCon projects $166,754 as the next logical level based on the 5.618 Fibonacci extension, which fits the cycle’s prior 52–54%

Nexus Mutual has transferred $250,000 to reimburse users caught in Arcadia Finance’s $3.5 million exploit, marking one of Base blockchain’s first major insurance settlements. The payout arrives as Arcadia’s own recovery plan remains weeks from implementation. Summary Nexus Mutual paid $250,000 to victims of Arcadia Finance’s $3.5 million hack, marking one of Base chain’s first major insurance settlements.The payout offers early restitution ahead of Arcadia’s own delayed

MemeCore has surged 24.14%, confirming a breakout above a key range high. The move signals an active bullish Elliott Wave count with further upside in play if key levels hold. Summary MemeCore is in Wave 3 of a bullish Elliott Wave sequence targeting $0.77.$0.62 is the key resistance to flip for continuation.$0.52 serves as the ideal corrective support if Wave 4 begins. After trading sideways for weeks, MemeCore has now confirmed a structural breakout with strong imp

As RWAs cement themselves as crypto’s second-fastest-growing sector, a who’s-who of fintech and blockchain heavyweights are launching Ascend, a hyper-selective program designed to turn startups into the standard-bearers of institutional adoption. Summary Ascend is a new elite accelerator for real-world asset (RWA) startups with live products and institutional goals.Backed by Odisea, Plume, Galaxy Ventures, and Anchorage Digital, it will admit only 6–8 teams per cohort.