CZ Reflects on Legal Missteps During Binance’s Early Expansion
Changpeng Zhao said he underestimated legal and political risks when building Binance. His 2023 guilty plea led to a $4.3 billion fine and his resignation.
News | Regulation | Security
Wanchain Bridge Exploit Drains NIGHT Reserves, Token Hits Record Low
An attacker drained about 515 million NIGHT from Wanchain’s Cardano bridge, leaving wrapped tokens largely unbacked. The token fell to a record low as the bridge was suspended.
Stablecoins Reach 80% of Volume at SCRYPT Amid Institutional Shift
SCRYPT says stablecoins now account for about 80% of its processed volume. The firm acts as TON’s institutional gateway for regulated on-chain settlement.
Legal | News | Payments & Compliance | Regulation | Security
Dutch Crypto Broker Knaken Declared Bankrupt After MiCA Breach
A Dutch court has declared crypto broker Knaken bankrupt for operating without a MiCA license. Around 7 million euros are reported missing, impacting about 30,000 customers.
XRP Holds Near $1.11 as Bearish Pattern Signals 13% Risk
XRP is forming a head and shoulders pattern near $1.11, with large traders positioned net short. A break below $1.06 could open the way toward $0.92.
Corporate | Legal | News | Regulation
Anchorage Digital Adds TRX Staking and TRC-20 Custody
Anchorage Digital now offers native TRX staking and custody for TRC-20 assets. The expansion strengthens institutional access to the TRON Network.
Hedera Exploit Surpasses $5 Million as Funds Bridged to Ethereum
Hedera has reportedly suffered an exploit exceeding $5 million, with stolen assets bridged to Ethereum. The incident adds to over $28 million in crypto platform losses recorded in July.
Hong Kong Bans OTP Logins for Crypto Platforms
Hong Kong’s securities regulator has banned SMS and email one-time password logins for crypto platforms. The move follows a surge in phishing-related cyber incidents.
Hyperliquid and Phantom Urge CFTC to Clarify DeFi Rules
Hyperliquid and Phantom filed a joint comment urging the CFTC to clarify that DeFi software and non-custodial wallets are not exchanges. The regulator will review responses before deciding on guidance or rulemaking.
Tether Freezes 131 TRON Wallets After Updated ISIS-K Sanctions
Tether froze funds in 131 TRON wallets after the US Treasury updated its ISIS-K sanctions list. Blockchain data shows the addresses received over $1.4 million since 2023.