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The settlement includes substantial financial penalties with executives agreeing to individual forfeitures, highlighting increased scrutiny of offshore exchanges. The pattern of regulatory challenges spans multiple jurisdictions, including previous restrictions in New York, Canada, and temporary limitations in India. The timing coincides with broader crypto enforcement actions, though potential policy shifts loom under the new Trump…
The rising cash inflows to the Solana network have increased the popularity of Bitcoin and other digital assets amid the macro bullish outlook. Solana price will soon reach the thrilling phase of the 2025 bull rally after hitting a new ATH on Sunday. The Solana (SOL) network, a leading layer one (L1) blockchain housing a…
Deribit’s trading volume skyrocketed to $1.185 trillion in 2024, nearly doubling 2023’s $608 billion, showing strong institutional interest. Options trading hit $743 billion with 99% growth, solidifying Deribit’s dominance since launching Bitcoin options in 2016. Spot trading surged 810% to $7.6 billion, driven by rising Bitcoin prices, ETF launches, and regulatory advancements. Deribit, a crypto…
GCEX joined forces with Fireblocks to enhance institutional access to digital assets. Fireblocks’ Policy Engine will help GCEX’s Dubai and Netherlands operations improve governance and risk controls. This partnership follows GCEX’s collaboration with Hex Trust in launching a secured accounts service for institutional digital asset protection in the EU and UK. GCEX Group, a leading…
Shiba Inu holds a $12.5 billion market cap as the second-largest meme coin, with the Trump token close at $10.68 billion. A 4-year-old whale sold 216 billion Shiba Inu tokens, locking in a $15 million profit. Shiba Inu’s open interest rose by 2.60% in 24 hours, totaling $447.77 million. Funding rates remain positive at 0.0093%,…
VeThor (VTHO) price surged a massive 108% claiming a daily high of $0.01071, levels not seen in over four years. VTHO’s trading volume skyrocketed by more than 7,700% while its market cap rose to $429 million. VTHO was listed on leading crypto exchange in South Korea, Upbit, on Tuesday, attracting investors from the region. VeThor…
Solana’s DEX trading hit an all-time high of nearly $40 billion on Sunday. Solana leaders praised the chain’s resilience despite network challenges over the weekend. Solana hit a historic on-chain milestone during the weekend memecoin craze linked to President-elect ‘s family. On Saturday, its DEX (decentralized exchanges) trading volume hit $28.2 billion. Blockwork’s research analyst…
One of the CFTC commissioners, Caroline Pham, has been named as the acting CFTC Chair, as per sources. CFTC Chair Rostin Behnam is stepping down today and February 7th will be his last day at CFTC. Pham has led several digital asset initiatives, including establishing a Digital Asset Markets subcommittee. A Great Record CFTC Chair…
Indian scammers are exploiting stablecoins like USDT to move illicit funds internationally. Police in Rajasthan arrested suspects involved in laundering over INR 1 crore via USDT stablecoin. Authorities previously busted a similar scam, arresting 15 people linked to USDT laundering . Cybercriminals in India are increasingly exploiting blockchain technology to move illicit funds across borders, with…