Why Is Binance’s EU Access Under Pressure? Binance is facing a tight regulatory deadline in the European Union after its attempt to secure permission under the bloc’s new crypto licensing regime failed, putting access for millions of users at risk. The crypto platform had sought approval in Greece to offer services such as crypto trading
MainStreet-related stablecoin MSUSD fell as much as 85% from its intended $1 peg after reserve-verification provider Accountable ended its service agreement with the protocol, triggering a broader liquidity scare across linked DeFi markets. The token dropped to as low as $0.065 during the sell-off before partially recovering, according to market data. The pressure quickly spread
U.S. spot crypto exchange-traded funds recorded no flow activity on June 19 because U.S. stock markets were closed for Juneteenth, leaving investors to assess a weak four-day trading week that ended on June 18. The holiday closure meant no regular trading for U.S.-listed spot Bitcoin and Ether ETFs and no new creation or redemption data
Why Is Baillie Gifford Moving Fixed Income Onchain? Baillie Gifford has launched a tokenized fixed-income fund with BNY, bringing a traditional actively managed bond strategy onto public blockchain rails through Ethereum and Solana. The Edinburgh-based investment firm, founded 118 years ago, unveiled the Baillie Gifford Enhanced Yield Fund, a dollar-denominated product that gives eligible investors
Why Is MoneyGram Moving Into Solana? MoneyGram has become a validator on the Solana blockchain and joined the Solana Developer Platform, marking the payments company’s formal entry into the Solana ecosystem as blockchain infrastructure becomes a larger part of its payments strategy. The move makes Solana the third network where MoneyGram operates an official validator,
Why Did Fomo’s Series B Draw Attention? Consumer crypto trading app Fomo has raised $75 million in a Series B round led by Index Ventures, valuing the startup at $550 million as it looks to expand its team and consider potential acquisitions. Union Square Ventures also participated in the round, joined by angel investors including
Why Was Jaredfromsubway.eth Targeted? One of crypto’s most successful MEV bots, Jaredfromsubway.eth, was drained for more than $7.5 million after an attacker turned the bot’s own automated execution logic against it. The incident marks a rare public setback for a bot that has become closely associated with sandwich attacks and other maximal extractable value strategies
How Did The Axelar-Secret Bridge Exploit Happen? An attacker drained roughly $4.67 million from Secret Network’s Axelar bridge after exploiting a flaw in a modified bridge contract that handled assets moving from Axelar to Secret Network. The attack targeted a modified CW20-ICS20 contract on Secret Network. The contract was designed to mint Secret-wrapped versions of
Why Is A Japanese Pension Fund Adding Crypto? A Japanese corporate pension fund serving about 1,200 small and medium-sized businesses plans to allocate roughly 1% of its assets to cryptocurrency during fiscal year 2026, marking a cautious but notable step for institutional crypto adoption in Japan. The Nationwide Business Corporate Pension Fund, based in Okayama,
How Did The Minnesota Crypto Robbery Unfold? Two brothers accused of kidnapping a Minnesota family at gunpoint to steal $8 million in cryptocurrency have pleaded guilty in federal court, adding one of the most severe U.S. cases to a growing list of physical attacks targeting crypto holders. Isiah Angelo Garcia and Raymond Christian Garcia entered