The U.S. Treasury Department has argued that the lawsuit challenging its sanctions on crypto mixer Tornado Cash should be dismissed as moot following the protocol’s removal from the sanctions list on March 21. The department maintains that no final court judgment is necessary now that Tornado Cash and several related smart contracts have been delisted from the Specially Designated Nationals...
LATEST ARTICLES
LATEST NEWS
More Stories
Gotbit Founder Agrees to Forfeit $23M in Crypto in U.S. Market Manipulation Plea Deal
Aleksei Andriunin, founder and CEO of the Gotbit market-making platform, has agreed to forfeit approximately $23 million in Tether (USDT)... 
Australia Proposes New Crypto Laws Ahead of Election, Pledges Action on De-Banking
Australia’s Labor-led government has unveiled plans to regulate cryptocurrency exchanges and custody services under existing financial services laws, part of...
Bitcoin ETFs Retain 95% of Investors Despite 25% Price Decline
Since the start of 2025, Bitcoin’s price has dropped by approximately 25%. Despite this downturn, 95% of U.S.-based spot Bitcoin...
Bybit CEO Weighs in on Hyperliquid’s $4M Loss from Leveraged ETH Trade
Bybit CEO Ben Zhou addressed the recent $4 million loss suffered by decentralized exchange (DEX) Hyperliquid due to a high-leverage Ether trade, acknowledging that centralized exchanges (CEXs) face similar challenges in handling liquidation risks. On March 12, a crypto trader walked away with $1.8 million, forcing the Hyperliquidity Pool (HLP) to absorb a $4 million loss after executing a 50x...
Crypto Whale Loses $308M on Leveraged Ether Position Amid Market Volatility
A large cryptocurrency trader, known as a whale, suffered a staggering $308 million loss after a leveraged Ether position was liquidated, highlighting the risks of high-leverage trading in turbulent market conditions. Blockchain data from Hypurrscan reveals that the unknown trader was liquidated on a 50x leveraged long position, amounting to over 160,234 Ether (ETH), valued at more than $308 million...
Trump’s White House Crypto Summit: Confirmed Attendees and Key Discussions
As U.S. President Donald Trump prepares to host the first White House Crypto Summit on March 7, more than 20 industry leaders have confirmed their participation. The roundtable, scheduled from 6:30 pm to 10:30 pm UTC, is expected to include over 25 attendees, including members of the Presidential Working Group on Digital Assets. According to Fox Business reporter Eleanor Terrett,...
Solana Co-Founder Opposes U.S. Crypto Reserve Despite SOL’s Inclusion
Solana co-founder Anatoly Yakovenko has voiced opposition to the idea of a U.S. national cryptocurrency reserve, warning that government control could undermine decentralization. In a March 6 post on X, Yakovenko outlined his stance, stating his primary preference is for no reserve at all, as state control over digital assets could compromise the core principles of decentralization. As an alternative,...
U.S. Senate Rejects Proposed Cryptocurrency Brokerage Regulations
The U.S. Senate has decisively rejected a set of brokerage regulations proposed by the Biden administration that sought to impose new requirements on cryptocurrency transactions. The regulations, which aimed to mandate software developers and decentralized finance (DeFi) platforms to collect user data, were struck down in a significant legislative move. While the Senate’s decision marks a critical step in removing...
SEC Drops Appeal in Crypto Dealer Rule Case, Ending Legal Battle
The US Securities and Exchange Commission (SEC) has abandoned its appeal in a case that sought to expand the definition of a dealer, a move widely viewed as a threat to decentralized finance (DeFi) platforms. In a filing to the Fifth Circuit Appeals Court on February 19, the SEC stated its decision to “voluntarily dismiss this appeal,” a motion that...
Transak Secures Money Transmitter Licenses in Illinois and Missouri
Web3 payment infrastructure provider Transak has obtained Money Transmitter Licenses (MTLs) in Illinois and Missouri, allowing it to operate independently in these states, crypto.news has confirmed. This development enables Transak to directly facilitate fiat-to-crypto transactions for residents and businesses without reliance on external provider licenses. A Money Transmitter License permits firms in the U.S. to engage in money transmission activities...
Scammers Pose as FTX Debt Claimants, Stealing $5.6 Million
A sophisticated scam group posing as FTX debt claimants has defrauded two companies of more than $5.6 million, according to a recent report by Inca Digital. The perpetrators allegedly utilized AI-generated identities and gained unauthorized access to bankruptcy records to execute the scheme. The investigation identified the likely culprits as individuals operating under the aliases Lim Chee Chong and Teh...
Binance Lists GPS and SHELL Futures Contracts as Prices Tumble
Binance has announced the listing of two new futures contracts, GPSUSDT and SHELLUSDT, with up to 25x leverage. According to the official statement, trading for GPSUSDT will commence at 17:00 UTC, followed by SHELLUSDT at 17:15 UTC. Both digital assets had already been featured on Binance Alpha, a platform highlighting Web3 projects with significant potential. Despite the listing announcement, both...
CFTC Charges New York Resident in Crypto Fraud Case Amid Enforcement Shift
The US Commodity Futures Trading Commission (CFTC) has taken decisive action against cryptocurrency-related fraud, announcing a consent order charging New York resident Rashawn Russell with fraud. The case, one of the first under acting Chair Caroline Pham, signals the agency’s renewed focus on enforcement in the digital asset sector. According to the CFTC’s Feb. 10 notice, Russell engaged in a...
Goldman Sachs’ Bitcoin ETF Holdings Spark Speculation, But Reality Is More Complex
A recent 13F filing by Goldman Sachs has stirred excitement on Bitcoin Twitter, revealing significant stakes in spot Bitcoin exchange-traded funds (ETFs). However, the details suggest a more nuanced reality than a straightforward bullish bet on Bitcoin’s price. The disclosed holdings include a $288 million stake in the Fidelity Bitcoin ETF (FBTC) and a $1.3 billion position in BlackRock’s Bitcoin...
South Korea to Lift Crypto Trading Ban for Institutions in 2024
South Korea’s Financial Services Commission (SFC) has announced plans to lift its longstanding ban on institutional cryptocurrency trading, responding to increased global participation in the market. The regulator disclosed on Thursday that non-profit organizations, including charities, universities, school corporations, and law enforcement agencies, will be able to sell virtual assets in the first half of 2024. By the second half,...