The European Union’s Markets in Crypto Assets Regulation (MiCA) transition period is entering its final stretch, forcing smaller crypto firms across the EU to either secure authorization quickly or prepare to shut down regulated services. The transitional period ends across the bloc on July 1, after which any crypto asset service provider operating without a…
The United Kingdom’s Financial Conduct Authority (FCA) has raided multiple sites suspected of running illegal peer-to-peer (P2P) crypto trading operations. The financial services and markets watchdog said Wednesday that it worked alongside HM Revenue & Customs and the South West Regional Organised Crime Unit to inspect eight locations linked to illegal crypto trading. Officials issued…
In brief American Bitcoin Corp. completed activation of approximately 11,298 Bitcoin miners at its Drumheller facility in Alberta, Canada. The deployment added 3.05 EH/s of hash rate, bringing total owned capacity to 28.1 EH/s. American Bitcoin shares soared Wednesday morning following the announcement. American Bitcoin Corp. (ABTC) said Wednesday that it activated 11,298 Bitcoin miners…
Binance.US has reduced spot trading fees to 0% for makers and 0.02% for takers across all trading pairs, extending near-zero pricing to all users without volume thresholds or subscription requirements. The new pricing replaces the platform’s tiered fee structure and applies to all accounts, with the company saying the move could reduce trading costs by…
Aave, the largest decentralized lending protocol, has seen around $15 billion in deposits withdrawn since the Kelp Dao exploit on Saturday. Total value supplied to Aave fell from $45.8 billion on Saturday to $30.8 billion on Wednesday, according to Aavescan data. The decline followed an attack that drained about 116,500 restaked Ether (rsETH), worth roughly…
In brief Robinhood Ventures Fund I purchased approximately $75 million of OpenAI common stock. The publicly-traded closed-end fund is intended to democratize access to private markets without accreditation requirements or investment minimums. The fund’s portfolio includes Stripe, Databricks, ElevenLabs, Ramp, and Revolut alongside its new OpenAI position. Robinhood Ventures Fund I purchased approximately $75 million…
US Securities and Exchange Commission Chair Paul Atkins said the agency is nearing the release of an exemption that would allow market participants to trade tokenized securities onchain within a compliant framework. Speaking at the Economic Club of Washington on Tuesday, Atkins said the SEC is close to introducing what he described as an exemption…
Russia’s lower house of parliament passed a bill in first reading on Tuesday that would create the country’s core legal framework for digital currency, moving Moscow closer to a system that channels crypto trading through licensed intermediaries under Bank of Russia oversight. The draft bill No. 1194918-8, titled “On Digital Currency and Digital Rights,” passed…
In brief A new documentary argues that Bitcoin creator Satoshi Nakamoto was two people: late cryptographers Hal Finney and Len Sassaman. The documentary’s investigation relied on a process of elimination that tapped a Unabomber investigator and cross-referenced suspects’ online activity. The directors told Decrypt that a 90-minute interview with disgraced crypto mogul Sam Bankman-Fried didn’t…
Kelp DAO suffered a $292 million hack on Saturday, overtaking Drift as the largest crypto exploit of the year so far. North Korea-linked hackers are suspected to be behind the attack. Kelp DAO said Monday that the exploit stemmed from a failure of cross-chain messaging protocol LayerZero’s infrastructure. LayerZero said the breach was enabled by…