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View More NewsIn brief A group of accounts made more than $600,000 on Polymarket on trades related to the U.S./Iran ceasefire. The accounts belong to a cluster identified by on-chain analytics firm Bubblemaps, which has previously profited on contracts related to military operations. Prediction markets have come under scrutiny this year thanks to allegations of insider trading on the platforms. A group of suspected insiders scored big on Polymarket on Tuesday, profiting more than $600,000 in combined trading contracts related to the U.S. and Iran ceasefire, according to on-chain analytics firm Bubblemaps. Accounts belonging to the cluster, a trio of which were active…
South Korea’s ruling Democratic Party is reportedly preparing a draft bill that would classify stablecoins as foreign exchange payment instruments and require tokenized real-world assets (RWAs) to be backed by assets held in trust. Citing an integrated draft of the proposed Digital Asset Basic Act, the Seoul Economic Daily reported on Wednesday that stablecoins used in cross-border transactions would be treated as “means of payment” under the Foreign Exchange Transactions Act, placing related businesses under oversight even without separate registration.The draft bill would also require issuers of tokenized RWAs to place underlying assets in managed trusts under the Capital Markets Act. If…
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Opinions & Debates
This week, we’re going to be talking about Israel—which is sometimes a subject I try to avoid—not because I don’t have opinions about the topic. I do. But because it’s one of those subjects on which debate and discussion often seems both divisive and futile.As some of you know, in a previous life, I was an opinion writer and reporter for the National Post newspaper here in Canada. I often travelled to Israel and wrote about that country, typically from what most would call a Zionist perspective.But for all the dozen of articles I wrote on the subject, I’m not…
Latest News
The onchain value of stablecoins on the Ethereum network has reached an all-time high of $180 billion, according to blockchain analytics firm Token Terminal.Ethereum…
More than two years after the first 11 spot bitcoin ETFs began trading in the U.S., a 12th, issued by a top-10 Wall Street…
The Morgan Stanley Bitcoin Trust will be the cheapest Bitcoin ETF on the market at an ultra-low 0.14% fee.Morgan Stanley’s Bitcoin exchange-traded fund is…
XRP broke above resistance, but it is not yet clear if this move marks a real shift or just a short-term bounce. The move…
Binance founder Changpeng Zhao (CZ) says Sam Bankman-Fried asked him for “a couple of billion dollars nonchalantly, as if he were asking for a…
Iran’s Supreme National Security Council on Wednesday accepted a two-week ceasefire in its war against the US, but emphasized this did not mean an…
In brief Trump set an 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz or face destruction. The move has rattled…
Global crypto exchange-traded products drew $224 million in inflows last week after a $414 million outflow the week before, according to CoinShares. The headline…
According to the bureau, a large number of minors aged 17 and younger were included in complaints related to crypto or crypto ATMs, resulting…
In brief The FDIC approved a proposed rule implementing stablecoin regulations under the GENIUS Act, establishing standards for permitted payment stablecoin issuers. Deposits held…
from the anti-jawboning-jurisprudence dept The Supreme Court has now issued its decision in Cox Communications v. Sony Music Entertainment. This was a case where…
Digital asset manager Grayscale backed accelerated efforts to make public blockchains quantum-resistant in a new research note arguing the technical solutions already exist but…