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Crypto News
Aave Founder Stani Kulechov Backs $98M Market Cleanup
Aave is preparing to wind down deployments on six blockchains and remove dozens of lightly used asset markets. The overhaul affects $98.1 million in deposits as the lending protocol narrows its focus to larger, more productive markets. Aave…
Eole Makes Japan’s First HYPE Treasury Buy, Targets a $611K Stake
Tokyo-listed Eole has become the first Japanese public company to disclose a purchase of Hyperliquid’s HYPE token. The move contrasts with Quantum Solutions’ decision to sell ether to fund its artificial intelligence infrastructure…
Coinkite Warns Coldcard Mk3 Owners After Reports of $38M Bitcoin Loss
Coinkite issued a security advisory Thursday warning owners of its Coldcard Mk3 hardware wallet that funds tied to certain firmware versions may be at risk. Hardware wallet incidents rarely unfold as isolated events. When long-dormant…
Nairobi Securities Exchange Teams With Tether to Test USDT Settlement Across $26.4B Market
The Nairobi Securities Exchange and Tether signed a memorandum of understanding to advance digital asset adoption, blockchain infrastructure and investor education in Kenya. Expansion of Digital Assets The Nairobi Securities Exchange (NSE)…
Luno Eliminates 20% of Global Workforce as Automation Changes Crypto Exchange Priorities
Crypto exchange Luno is reducing its global workforce by 20%, though the exact number of impacted employees—including those in South Africa—has not been disclosed. Second Wave of Layoffs Cryptocurrency exchange Luno is cutting 20% of its…
DOJ Indicts Crypto Investor Over Alleged $20 Million Fraud Targeting Dozens of Victims
Federal prosecutors allege a crypto investor orchestrated a scheme that caused about $20 million in losses. The case now heads toward a trial as investigators highlight the alleged misuse of investor funds and cryptocurrency exchanges.…
MARA CEO Says AI Delivers More Revenue From Power Than Bitcoin Mining
MARA CEO Fred Thiel says scarce electricity can produce far higher returns when directed to artificial intelligence than to bitcoin mining. The company still plans to mine bitcoin where low-cost or surplus energy makes the economics…
Psalion Launches $50M Fund to Back Blockchain Startups as Web3 Adoption Pushes Forward
Psalion, a Singapore-based digital asset firm, has launched a $50 million venture fund targeting pre-seed and seed-stage startups building blockchain infrastructure, trade finance, real-world assets and stablecoins. Bridging Web2 and Web3…
IMF Sounds the Alarm: Why Brazil’s Booming Crypto Market Needs Urgent Oversight
In its most recent Financial System Stability Assessment report, the IMF acknowledged the massive scale of the Brazilian cryptocurrency market, with cross-border crypto flows surpassing traditional alternatives. The report calls for full…
SUI Slips to Support Near $0.72 as Traders Eye a Gaussian Channel Bounce
SUI dropped back to the lower band of its Gaussian Channel indicator this week, trading near $0.72 as chart watchers debate whether the token can climb back toward the midpoint. The pullback landed as Abu Dhabi’s Mubadala Capital…