The U.K.’s Financial Conduct Authority (FCA) has carried out its first coordinated crackdown on illegal peer-to-peer crypto trading, targeting eight locations across London in a joint operation with His Majesty’s Revenue & Customs (HMRC) and the South West Regional Organised Crime Unit (SWROCU). Officials issued cease-and-desist notices at each site and gathered evidence that is…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2157.12, up 3.4% (+71.19) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: APT (+5.5%) and ICP (+5.3%). Laggards: XLM (+0.9%) and CRO (+1.9%). The…
The North Korean state-run Lazarus Group is running a new campaign known as “Mach-O Man” that turns routine business communication into a direct path to credential theft and data loss, security experts warned Wednesday. The collective, with cumulative loot estimated at $6.7 billion since 2017, is targeting fintech, cryptocurrency and other high-value executives and firms,…
The crypto market is on the brink of a major breakout with bitcoin BTC$78,258.81 trading at $78,000, the level it failed to breach on Friday and a price it has not topped since January. A break above this level would trigger upside momentum to $80,000 as $180 million worth of futures positions are due to…
Over $10 billion has exited Aave after the Kelp DAO exploit, but the capital hasn’t all gone to one place. After the roughly $292 million exploit broke the cross-chain backing of rsETH, users have spread capital across safer, simpler venues rather than rotating into a direct replacement. Aave’s total value locked has fallen about 40%,…
Another day, another exploit. The security crisis in blockchain-based decentralized finance (DeFi), once touted as a challenger to legacy infrastructure, is only getting worse. The latest victim is Volo Protocol, a platform built on the Sui blockchain, where users deposit assets into yield-generating “vaults,” which function as pooled investments. Deposited tokens such as bitcoin, stablecoins…
There is a popular indicator that crypto pundits watch closely for cues on whether U.S.-based investors, especially institutions, are actually buying bitcoin BTC$78,010.28 or sitting on sidelines watching the market. It is called the Coinbase premium index and as of now it is flashing the most sustained bullish signal since bitcoin traded at record highs…
Bitcoin BTC$77,984.40 is breaking out of the Iran-headline chop. The cryptocurrency topped $78,000 on Wednesday morning, up 2.2% over 24 hours and 4.3% on the week, after President Donald Trump said he would extend the Iran ceasefire indefinitely and Strategy disclosed the purchase of 34,164 BTC for $2.54 billion. Ether rose 2.1% to $2,366, BNB…
British crypto-friendly fintech firm Revolut notified investors that it was targeting a valuation of up to $200 billion in its stock market listing, the Financial Times reported on Tuesday. Europe’s largest fintech firm recently said it would not seek a listing before 2028 and that it had not laid out any formal valuation targets, following…
Prediction markets platform Kalshi is preparing to launch crypto trading in the U.S., according to a report from The Information, expanding beyond its core prediction markets business as competition intensifies across both sectors. The platform plans to start by offering perpetual futures tied to crypto tokens such as bitcoin BTC$77,494.84, people familiar with the matter…
