Chinese prosecutors have moved to confiscate more than 61,800 Bitcoin and other assets linked to a 40.38 billion yuan ($5.7 billion) investment fraud involving Qian Zhimin, who is currently serving a prison sentence in the UK. Summary Chinese prosecutors have moved to confiscate more than 61,800 Bitcoin linked to a $5.7 billion investment fraud involving
Binance founder Changpeng Zhao has warned cryptocurrency users to exercise extra caution when visiting websites over the coming days after two critical vulnerabilities were discovered in PHP, a programming language used by millions of websites worldwide. Summary Binance founder Changpeng Zhao has urged cryptocurrency users to be cautious when visiting websites following the discovery of
Lighter’s LIT token has climbed more than 20% to around $3.90 as attention has returned to its Robinhood Wallet partnership and Delphi Digital’s assessment of the exchange. Summary Robinhood announced the wallet integration in July, months before the latest token rally. 11 million LIT tokens were allocated to a rewards program for eligible traders. Delphi
Bitcoin has reclaimed $84,500 as the Office of the Comptroller of the Currency has finalized its GENIUS Act stablecoin rules, while traders have added leveraged positions during the recovery. Summary Stablecoin regulations take effect Jan. 18, 2027, with existing rewards programs receiving no automatic exemption. Open interest rose 5.5% in Ted Pillows’ snapshot, outpacing Bitcoin’s
Kaspa’s KCC Coordination Forum has finalized three standards covering covenant interfaces, authorization, and fungible tokens, establishing shared specifications for developers building applications on the network. Summary KCC-1 defines shared interfaces for wallets, compilers, indexers, and other tools working with covenants. KCC-2 specifies five standard authorization schemes, including public keys, scripts, and covenant identifiers. KCC-20 sets
Stablecoin shopping has drawn a pitch for randomized retail purchases after Peter of 1kx predicted a $10 billion-plus business opportunity and Josip Volarević described SP3ND’s work on a gacha buying experience. Summary SP3ND’s published rules require identity checks for orders worth $10,000 or more. Josip Volarević described randomized shopping as development work, without providing a
Canada’s monthly peer-to-peer crypto activity has fallen from a spring 2024 peak near 650,000 transactions alongside a decline in study permits, a pattern Chainalysis has linked to changes in the country’s international student population. Summary The study describes a population-level correlation, without establishing that international students caused the transaction decline. Government figures show 71% fewer
Dogecoin Labs has launched with three DOGE product teams under one organization, bringing MyDoge, DogeOS, and Such App together through a partnership with the Dogecoin Foundation. Summary House of Doge will exchange selected operations and assets for an equity stake in Labs. The Foundation keeps its stewardship role as Labs becomes its official commercial partner.
Zebec Network has bought back 40.5 million ZBCN for about $100,000 in Q3 using revenue from its card and payroll services. Summary Card and payroll income financed Zebec’s latest quarterly token purchases. Zebec says the acquired ZBCN will remain outside circulation. The buyback’s dollar value represents roughly 0.04% of ZBCN’s market capitalization. Zebec’s DAO plans
Michael Saylor has said, “The bull market is calling,” as Bitcoin has risen to around $84,550, while Strategy has spent more on buying back preferred shares than on buying Bitcoin. Summary Bitcoin gained 2.4% in 24 hours, trading near the top of its daily range. Altcoin Sherpa questioned whether Bitcoin’s move above resistance would hold.
