Southeast Asian nations are advancing plans to reduce reliance on the U.S. dollar through an ASEAN initiative aimed at strengthening the use of local currencies and altering global financial dynamics. ASEAN Launches Strategic Push for De-Dollarization and Financial Sovereignty Efforts to reduce reliance on the U.S. dollar have gained momentum across Asia and other regions […] Source CryptoX Portal
Santander is reportedly charging into the crypto frontier with plans for a MiCA-fueled stablecoin and retail crypto access to dominate Europe’s digital finance evolution. Santander Positions for Crypto Breakout With MiCA-Driven Stablecoin Plan Banco Santander SA is reportedly in the preliminary stages of evaluating a broader entry into digital assets, with a specific focus on […] Source CryptoX Portal
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin is trading above $105K as Asia begins its business week. The world’s largest digital asset remained relatively stable over the weekend, with a 0.4% movement, and trading volume was compressed. While overall market conditions remain bullish, a new report from CryptoQuant suggests that certain metrics…
Crypto sleuth ZachXBT has called for stricter penalties against SIM swapping and social engineering fraudsters. He highlighted the case of a Canadian teenager who allegedly carried out a $37 million cryptocurrency theft. ZachXBT’s comments followed an X user’s suggestion that “wallet draining should be the death penalty.” The post received a reply from the crypto sleuth on the gaps in current legal frameworks, especially regarding juvenile offenders. ZachXBT shares $37m Canadian case The investigator specifically referenced Cameron Redman, who allegedly conducted a massive SIM swap attack in 2020 at age…
France unleashes sweeping charges against 25 suspects in violent crypto kidnapping plots, signaling a dangerous new frontier as digital wealth draws brutal real-world attacks. France Confirms 25 Arrests as Crypto Moguls Face Growing Street Threat French prosecutors said on Saturday that 25 individuals, including six minors, have been charged in connection with a wave of […] Source CryptoX Portal
On Friday, the estate managing the collapsed crypto exchange FTX announced that its recovery trust had begun disbursing over $5 billion tied to both convenience and non-convenience class claims. As distributions roll out over the following three days, Coinbase Institutional observed in its weekly briefing that this injection of capital could invigorate liquidity across crypto […] Source CryptoX Portal
Legal actions against the Libra meme coin, which was shared by Argentina’s President Javier Milei, continue to progress. This week, Circle froze two addresses containing over $57 million in funds, while authorities investigate the involvement of individuals allegedly linked to the meme coin. Libra Probes Advance: Circle Freezes $57 Million, Argentina Scrutinizes Communications The investigations […] Source CryptoX Portal
One of crypto’s infamous high-stakes traders forfeited more than $100 million on the decentralized exchange (DEX) Hyperliquid. The pressing question now is: Was this catastrophic unraveling of leverage quietly orchestrated by the tactic known as liquidation hunting or simply bad luck? Crypto Perp Traders Beware: The Mechanics of Liquidation Hunting When Hyperliquid trader James Wynn […] Source CryptoX Portal
Hyperliquid, the biggest player in decentralized perpetual futures, had its best month ever as volume on its platform soared and its token surged to a record high. Hyperliquid (HYPE) price soared to $39.92 on May 26, up by over 327% from its lowest point in April. This surge brought its market cap to over $10.9 billion and the fully diluted valuation to over $35 billion. Data shows that Hyperliquid had a cumulative volume of over $242 billion in May, much higher than other companies combined. Jupiter had $19.78 billion in…
A South African judge has slammed the South African central bank for using outdated exchange control laws from the apartheid era to regulate cryptocurrencies. Judge: Apartheid-Era Laws Unfit for Cryptocurrency Regulation A High Court judge has criticized the South African Reserve Bank (SARB) for its continued reliance on outdated exchange control laws to regulate cryptocurrencies. […] Source CryptoX Portal