Crypto news
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Dark web drug market operator sentenced to 40 years, forfeits $101 million in bitcoin
A man from Virginia, who facilitated millions of drug transactions worth roughly $430 million, agreed to give up $100 million worth of BTC. His partner forfeited nearly 1,600 BTC.
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MARA transfers $81.1 million in bitcoin to Galaxy Digital as strategy pivots to AI
The bitcoin miner’s transfer does not confirm a sale, but comes as its treasury has fallen from 53,822 BTC in February to 35,577 BTC in August.
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Sam Altman-backed bitcoin insurer Meanwhile secures $37.5 million in Bain Capital Crypto-led round
Meanwhile has signed 15 brokers serving high-net worth clients across markets iSwitzerland, Singapore, Hong Kong and the UAE.
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SIM-Swap Fraudster Who Spent Stolen Crypto on Gold Grills and Dubai Trips Jailed
Ajay Shinjin helped steal nearly $265,000 in crypto after criminals hijacked BT customers' phone numbers in November 2021.
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Bitcoin, Ether ETFs’ October outflows swell toward $1B
Bitcoin ETFs lost $244 million on Thursday, while Ether funds extended their outflow streak to eight sessions, shedding $641 million.
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Live updates: XRP ETFs the only ones in green as BTC, ETH, ZEC funds post outflows
Bitcoin ETFs lost $244 million on Thursday and the ZEC fund extended a run of October outflows. Bitcoin is back near $82,000 after a $1 billion liquidation.
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New tech to power bitcoin lending is set to debut with $500 million in commitments
Layer-1 blockchain Sui is launching Hashi, an institutional protocol allowing holders to use bitcoin as collateral without moving it off the Bitcoin network.
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Crypto projects apply for Anthropic’s new frontier AI security scanner
Anthropic’s new opt-in service promises vulnerability reports from its strongest AI models, including Claude Mythos.
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Trump administration outlines quantum, AI initiatives in $6B science push
The White House outlined a $215 million quantum computing competition and $2.4 billion in AI industry commitments as concerns grow over quantum threats to cryptocurrency security.
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Solana is about to halve its block times as final 200-millisecond upgrade nears
The network is completing a seven-week push to produce blocks twice as frequently, though validators face higher costs and tighter operating windows.
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Solana Schedules Final Cut to 200-Millisecond Slots
Per-block computing limits shrink to preserve overall capacity, while validators face more frequent voting and shorter production windows.... Read the full story at The Defiant
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XRP Ledger adds new controls for banks, stablecoins and tokenized funds
The feature lets businesses give separate accounts limited powers such as approving customers or making payments, while keeping the keys that control their main holdings offline.
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Ether bets were wiped out at six times bitcoin’s rate in crypto’s $1 billion flush
About $356 million in ETH positions were liquidated over 24 hours, more than bitcoin despite ether’s market value being less than a fifth as large.
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Bitcoin rebounds to $82,000 as Trump rules out Iran strikes, oil drops
Bitcoin rebounded to $82,000 as Trump ruled out an Iran strike before the midterms, while crypto security experts pushed back on “bunker mode” fears.
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Thailand finalizes rules paving way for Bitcoin, Ether ETFs
The rules are set to take effect next week, allowing crypto ETFs to trade exclusively on the Stock Exchange of Thailand.
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DTC Seeks to Cut Share-Registration Transfers From Days to Minutes
The proposed DRS overhaul would replace batch processing with APIs and automate a transfer step, while still requiring transfer-agent approval.... Read the full story at The Defiant
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Cantor Fitzgerald faces Senate Democrat’s probe over Tether ties
The letter follows a report by the Democratic investigators last month alleging Tether’s USDT has become a key tool for Iran’s shadow banking network.
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Coinbase Cryptographer Calls Drake's 'Bunker Mode' Warning 'The Very Definition of FUD'
Vitalik Buterin said the risk from AI-accelerated math is real but pointed it at lattices rather than elliptic curves. A former Ethereum Foundation researcher said bunker mode would not help if the curves actually broke... Read the full story at The Defiant
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China’s P2P stablecoin wallets surge 43x, Korea’s $450B crypto economy: Asia Express
Despite ongoing bans, China has seen a big surge in peer-to-peer stablecoin use. New figures show South Korea’s $450B crypto economy is the largest in East Asia.
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AI Startup Manus Raises $500 Million After China Nixed Meta’s $2 Billion Acquisition
Manus built a self-driving AI assistant before the hype, sold itself to Meta, then watched Beijing unwind the deal. Its first fresh money since: more than $500 million.
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Netflix’s FTX Love Story Trailer Draws Mockery on Crypto X
Netflix’s synopsis for “The Altruists” calls it “a toxic love story inspired by a real fraud.” The trailer drew 4.2 million views in seven hours, and the most-shared replies from crypto accounts went at the casting and the accuracy.... Read the full story at The Defiant
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Top Democrat among Senate investigators probes ties between Cantor Fitzgerald, Tether
As Democrats steadily rise in their potential to take back a Senate majority, Senator Richard Blumenthal is digging into Tether's U.S. financial partnership.
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Google Wants Gemini to Be Your Next Coworker—Complete With Its Own Email Address
Google Cloud unveiled a single Gemini agent that takes goals instead of questions, works in the background for days, and can join a company as a staffer with its own inbox and calendar.
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Ondo Opens Trading in OpenAI-Linked Private-Market Note
OPAIPon displayed a $1,132 price and a 0.49% spread on launch day. Access is restricted to qualifying non-US investors.... Read the full story at The Defiant
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Polkadot Launches USDT-Backed dotUSD Under OpenGov
The stablecoin has about 2.77 million tokens in total supply, while DOT-backed borrowing is planned for a later phase.... Read the full story at The Defiant
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Bitcoin Rebounds Above $81,000 After Trump Rules Out Iran Strikes Before Midterms
Crude retreated around the president's statement, but bitcoin remained down 1.9% over 24 hours in late trading.... Read the full story at The Defiant
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Abstract's ETH Withdrawals Depend on Operators Ahead of Dec. 15 Shutdown
L2BEAT data showed about $17.1 million in canonically bridged ETH; the wind-down plan sets out no independent exit after Dec. 15.... Read the full story at The Defiant
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Kyrgyzstan Winds Down Gold-Backed USDKG After UK Sanctions
Holders can request fiat or USDT as the project prepares to retire its tokens, but the shutdown documents leave the gold reserves’ disposition unspecified.... Read the full story at The Defiant
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Starknet Weighs Layer 1 Shift to Pursue Quantum Security by 2027
An independent chain would let Starknet control security upgrades rather than wait for Ethereum, says StarkWare CEO Eli Ben-Sasson.... Read the full story at The Defiant
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Standard Chartered Plans Digital Asset Custody in Singapore
The proposed service would extend a custody network spanning the UAE, Luxembourg and Hong Kong. The bank has not announced a launch date.... Read the full story at The Defiant