Auto Added by WPeMatico

Over $300M in BTC Stolen From Japanese Exchange DMM Bitcoin in Major Security Breach

DMM Bitcoin, a subsidiary of DMM Group, has reported a significant security breach resulting in the theft of 4,502.9 bitcoin (BTC), valued at approximately $303 million. The Japanese cryptocurrency exchange…

Continue ReadingOver $300M in BTC Stolen From Japanese Exchange DMM Bitcoin in Major Security Breach

Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC

Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before…

Continue ReadingTerraform Labs, Do Kwon Reach Preliminary Settlement With SEC

Former FTX Executive Ryan Salame Sentenced to 7.5 Years for Criminal Charges

Former FTX executive Ryan Salame was sentenced to seven and a half years in prison by Judge Lewis Kaplan of the U.S. District Court for the Southern District of New…

Continue ReadingFormer FTX Executive Ryan Salame Sentenced to 7.5 Years for Criminal Charges

GCR’s Hack Possibly Tied to Solana’s CAT Coin Team, Onchain Sleuth Zachxbt Reports

On May 26, the trader known as GCR was allegedly hacked, possibly by the team behind the Solana-based meme coin CAT, as suggested by onchain sleuth Zachxbt. Prior to the…

Continue ReadingGCR’s Hack Possibly Tied to Solana’s CAT Coin Team, Onchain Sleuth Zachxbt Reports

QCP Capital Predicts 60% Rally With Imminent US Approval of Spot Ethereum ETFs

Crypto asset trading firm QCP Capital has forecasted a potential 60% increase in the price of ether, projecting it could surge to around $6,000 if the U.S. approves spot ethereum…

Continue ReadingQCP Capital Predicts 60% Rally With Imminent US Approval of Spot Ethereum ETFs

Analysts Boost Odds for Ethereum ETF Approval to 75% Amid SEC Chatter

On May 20, 2024, Bloomberg Intelligence exchange-traded fund (ETF) senior analyst Eric Balchunas informed his 274,000 X followers that he and his colleague James Seyffart had increased their expectations for…

Continue ReadingAnalysts Boost Odds for Ethereum ETF Approval to 75% Amid SEC Chatter

Goldman Sachs Analyst Says Consumers Under Severe Pressure as Stagflation Intensifies

Goldman Sachs analyst Scott Feiler warns of a bleak outlook for consumers as stagflation looms, with a bearish stance on consumer cyclicals and defensive stocks. Amidst the administration’s troubled Bidenomics,…

Continue ReadingGoldman Sachs Analyst Says Consumers Under Severe Pressure as Stagflation Intensifies

US Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns

Ripple’s CEO, Brad Garlinghouse, has voiced concerns that the U.S. government’s scrutiny of Tether, the foremost issuer of stablecoins by market cap, could notably affect the cryptocurrency environment. His comments…

Continue ReadingUS Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns

Bank of Canada Governor Warns of ‘Sharp Correction’ Risks in Markets and ‘System-Wide Stress’

In his speech on the release of the Financial Stability Report, Tiff Macklem, Governor of the Bank of Canada, sought to emphasize the purported strength of Canada’s financial system while…

Continue ReadingBank of Canada Governor Warns of ‘Sharp Correction’ Risks in Markets and ‘System-Wide Stress’

US Justice Department Chooses FRA Over Sullivan & Cromwell for Binance Oversight

The Justice Department has designated Forensic Risk Alliance (FRA) as the external monitor for Binance Holdings Ltd. This decision comes in the wake of Binance’s acknowledgment of breaching U.S. anti-money…

Continue ReadingUS Justice Department Chooses FRA Over Sullivan & Cromwell for Binance Oversight