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Coinbase Freezes $3 Million in Crypto Tied to Asian Scam Networks
BeInCrypto

Coinbase Freezes $3 Million in Crypto Tied to Asian Scam Networks

Coinbase froze over $3 million in crypto amid the DOJ Disruption Week targeting Southeast Asian scam networks.

Apyx's stablecoin suffers a brief depeg. Protocol says its a feature, not bug

Apyx's stablecoin suffers a brief depeg. Protocol says its a feature, not bug

Apyx’s apxUSD stablecoin briefly slipped to 93 cents Wednesday.

Deel Launches DLUSD to Pay Workers in Dollars — No US Bank Needed
BeInCrypto

Deel Launches DLUSD to Pay Workers in Dollars — No US Bank Needed

Deel just launched a stablecoin wallet for 1.5 million workers. Mastercard opened its network to USDC and RLUSD, and others the same day.

BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green

BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green

BlackRock's IBIT shed another $342 million on Wednesday as ether, solana and XRP funds joined the redemption wave, leaving Hyperliquid's HYPE products as the only major crypto ETF category still pulling in net new money.

AI Is Handing Hackers Tools That Once Belonged to Elite Attackers
BeInCrypto

AI Is Handing Hackers Tools That Once Belonged to Elite Attackers

Anthropic's study of 832 banned accounts shows AI runs expert-level tasks for unskilled hackers, raising risks for crypto.

Bitmine Launches $300M Preferred Stock Offering for Ethereum

Bitmine Launches $300M Preferred Stock Offering for Ethereum

Bitmine plans to raise $300 million via preferred perpetual stock to buy more Ether and expand its staking and validator network.

Global Crackdown Targets Southeast Asia Crypto Scam Operations

Global Crackdown Targets Southeast Asia Crypto Scam Operations

Tech firms and global law enforcement have disrupted scam networks in Southeast Asia, frozen millions in crypto and targeted over 1.4 million fraudulent accounts.

SpaceX Wants $75 Billion for IPO — Analysts Warn It’s Worth Half the Valuation
BeInCrypto

SpaceX Wants $75 Billion for IPO — Analysts Warn It’s Worth Half the Valuation

Elon Musk wants $75 billion for SpaceX. Analysts say investors are paying twice what it's worth, and Crypto markets could feel it first.

Uber Cuts 23% of People Team While Distancing Move From AI
BeInCrypto

Uber Cuts 23% of People Team While Distancing Move From AI

Uber cuts 23% of its People division under new president Jill Hazelbaker, saying the layoffs are unrelated to AI.

BitMine Tests Saylor’s Capital Strategy While Sitting on $8 Billion ETH Loss
BeInCrypto

BitMine Tests Saylor’s Capital Strategy While Sitting on $8 Billion ETH Loss

Tom Lee's BitMine floats 9.50% preferred stock to raise $300 million, even as its ETH loss surges past $8 billion

CFTC Scraps ‘No-Deny’ Rule in Legal Settlements

CFTC Scraps ‘No-Deny’ Rule in Legal Settlements

The US commodities regulator has rescinded a policy preventing it from accepting settlement offers if the defendant continues to deny the agency’s allegations.

Pi Network Activates Protocol 24 as PI Price Hovers Near All-Time Lows
BeInCrypto

Pi Network Activates Protocol 24 as PI Price Hovers Near All-Time Lows

Pi Network activated a huge upgrade. PI trades at $0.127, down 95% from its peak. Can three protocol upgrades in June finally move the price?

Bitmine to launch STRC-style preferred stock offering amid $9.2 billion unrealized ETH losses

Bitmine to launch STRC-style preferred stock offering amid $9.2 billion unrealized ETH losses

The company plans to use the net proceeds for general purposes, which may include purchasing additional ETH and expanding staking operations.

Bitcoin Price Plunges Below $62,000, Erasing Months Of Gains

Bitcoin Price Plunges Below $62,000, Erasing Months Of Gains

Bitcoin price has tumbled to its lowest level in months Wednesday night, crashing below $62,000 and wiping out a sharp intraday loss of more than $5,300.

Bitcoin drops below $62,000 as $1.5 billion in crypto longs get wiped out

Bitcoin drops below $62,000 as $1.5 billion in crypto longs get wiped out

Presto Research says bitcoin's drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts.

Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated

Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated

Analysts and market observers are saying bitcoin's crash is happening due to traders chasing momentum and rotating out of crypto and into high-flying IPOs and AI stocks.

Bitcoin selloff continues as prices slide below $63,000 for the first time since February

Bitcoin selloff continues as prices slide below $63,000 for the first time since February

The selloff has triggered demand for protective options plays, pushing the fear gauge higher.

Crypto Liquidations Top $1.1 Billion as Bitcoin targets $60,000: More Pain Ahead?
BeInCrypto

Crypto Liquidations Top $1.1 Billion as Bitcoin targets $60,000: More Pain Ahead?

Bitcoin tumbled nearly $63,000, as total crypto liquidations across the market surged past $1.1 billion: Will $60,000 be the next target?

Israel’s Tax Authority ‘Disappointed’ in Voluntary Crypto Disclosures: Report

Israel’s Tax Authority ‘Disappointed’ in Voluntary Crypto Disclosures: Report

Israeli digital asset holders have until August 31 to take advantage of a tax authority policy to disclose previously unreported cryptocurrency, but many have reportedly not stepped up.

SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus

SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus

SpaceX targets IPO price of $135/share, and aims to sell 555,555,555 to raise $75 billion.

Tom Lee's Bitmine (BMNR) to offer preferred stock with 9.5%, following Strategy's playbook

Tom Lee's Bitmine (BMNR) to offer preferred stock with 9.5%, following Strategy's playbook

The largest Ethereum treasury firm is taking a page from Michael Saylor's Strategy to issue preferred shares to tap new sources of funding.

Jamie Dimon Says He is ‘Jealous’ of Revolut, Then Attacks Crypto Reform
BeInCrypto

Jamie Dimon Says He is ‘Jealous’ of Revolut, Then Attacks Crypto Reform

Jamie Dimon admires Revolut's speed but vows to fight the CLARITY Act, exposing the clash between banks and crypto fintech.

Wyoming Issues Executive Order to Guide AI Data Center Development

Wyoming Issues Executive Order to Guide AI Data Center Development

Wyoming has issued an executive order to guide AI data center development, highlighting the state's growing role in advanced computing.

The Best AI Models Still Encourage 'Harmful Intimacy' With Chatbots, Study Funds

The Best AI Models Still Encourage 'Harmful Intimacy' With Chatbots, Study Funds

A new study finds that leading AI models often encourage emotional attachment, portray themselves as human, and fail to maintain clear boundaries.