Author: James Wilson

Article written by James Wilson

KiloEx suffers a major security breach

April 15, 2025 1 min read

KiloEx, a decentralized exchange, recently experienced a significant security breach that resulted in the loss of approximately $7.5 million. The incident was confirmed by the KiloEx team on April 15 during Asian trading hours. To manage the situation, the platform has halted all activities to limit further damage. In their public announcement, KiloEx stated that they are collaborating with various security partners to identify the attacker and recover the stolen

BlackRock, Grayscale, and Bitwise win SEC approval for Ethereum ETF options

April 10, 2025 1 min read

The U.S. Securities and Exchange Commission (SEC) has approved options trading for spot Ethereum exchange-traded funds (ETFs). This decision was made during an “accelerated approval” process. The SEC allowed Nasdaq ISE, LLC to trade options for the iShares Ethereum Trust. Additionally, it approved options trading for the Bitwise Ethereum ETF, the Grayscale Ethereum Trust, and the Grayscale Ethereum Mini Trust through NYSE American LLC. The SEC stated that the proposed

Coinbase plans to launch XRP futures contracts

April 4, 2025 1 min read

Coinbase, a leading cryptocurrency firm, is looking to expand its offerings by seeking regulatory approval to offer XRP futures contracts. On Thursday, Coinbase Derivatives announced that it had submitted documentation to the Commodity Futures Trading Commission (CFTC) for self-certification of these futures. The launch is anticipated for April 21. This self-certification process allows Coinbase to demonstrate compliance with regulations, making it easier to introduce futures contracts unless the CFTC raises

Tether now holds $8.41B in Bitcoin

April 1, 2025 1 min read

Tether, the issuer of USDT, has made significant moves in the crypto market. In the first quarter of 2025, Tether added 8,888 Bitcoin, worth $735 million, increasing its total Bitcoin holdings to 100,521 BTC, valued at around $8.29 billion. This strategy, which involves using 15% of profits from other activities to buy Bitcoin, was first announced in May 2023. Tether is now the sixth-largest holder of Bitcoin, with unrealized profits

HyperLiquid refunds JELLY traders and boosts security after $230M squeeze

March 31, 2025 1 min read

HyperLiquid has taken significant steps to address the recent JELLY token crisis, which nearly resulted in $230 million in losses due to a short squeeze. In response, the decentralized exchange (DEX) has begun refunding users who held long positions in JELLY at the time of the incident, with some exceptions for flagged addresses. This move aims to restore trust among users after the turmoil, and the HYPE token, which initially

Pi Network is now available in Telegram’s crypto wallet

March 31, 2025 1 min read

Pi Network has recently integrated into Telegram’s crypto wallet, which opens up access to over 1 billion monthly users. This integration allows Telegram users to buy PI tokens directly within the app, presenting a significant opportunity for Pi Network to expand in the cryptocurrency market. Telegram CEO Pavel Durov announced this development, highlighting the potential for growth in visibility and user engagement. However, Pi Network still faces significant challenges. It

BitMEX founders Hayes, Delo, and Reed receive President Trump’s pardon

March 29, 2025 1 min read

On Thursday, President Donald Trump granted presidential pardons to the co-founders of BitMEX: Arthur Hayes, Benjamin Delo, and Samuel Reed. BitMEX, established in 2014, is a prominent platform for crypto derivatives trading, focusing on perpetual contracts and futures. Hayes served as the CEO of the Seychelles-based company. In October 2020, U.S. authorities indicted the trio for violating the Bank Secrecy Act (BSA). They were accused of not implementing sufficient anti-money

Celo officially moves from a standalone Layer-1 to an Ethereum Layer-2

March 27, 2025 2 mins read

Celo has transitioned from a standalone Layer-1 blockchain to an Ethereum Layer-2 network using Optimism’s OP Stack. This change, finalized after 20 months of testing, enhances speed, security, and developer access while maintaining low transaction costs. The migration began at block height 31,056,500, with validators pausing block production to initiate the switch. Celo L2 went live shortly after, resuming block production in under two hours. The move was proposed by

Decentralized social media Farcaster launches its mainnet

March 24, 2025 1 min read

Farcaster has introduced a new protocol called Snapchain, which is similar to blockchain technology. This announcement came alongside the launch of their “Airdrop Offers” program. This program rewards users for actively engaging with the decentralized social media platform. Co-founder Varun Srinivasan revealed that Snapchain can process over 10,000 transactions per second. The development of Snapchain took only six months, moving quickly from concept to a functioning product. This new system

Fidelity launches an Ethereum-based share class called “OnChain”

March 24, 2025 1 min read

Fidelity Investments is introducing a new share class called ‘OnChain’ for its Treasury money market fund. This initiative is based on the Ethereum blockchain and was announced in a recent filing with the U.S. Securities and Exchange Commission (SEC). Fidelity, which manages about $5.9 trillion in assets, will issue shares of its Fidelity Treasury Digital Fund (FYHXX) that will be recorded on the Ethereum blockchain. The OnChain share class aims

The SEC officially acknowledges the 21Shares spot Polkadot ETF filing

March 22, 2025 1 min read

The U.S. Securities and Exchange Commission (SEC) has recognized the filing for a 21Shares Spot Polkadot (DOT) ETF. This is an important step in the world of crypto investments. If the ETF is approved, it will let investors access Polkadot (DOT) directly without needing to own the cryptocurrency. 21Shares is a prominent crypto asset manager that aims to create regulated investment products for cryptocurrencies. The filing for the Polkadot ETF

Kentucky lawmakers secure Bitcoin self-custody rights

March 19, 2025 2 mins read

Kentucky lawmakers have passed HB 701, a bill that enhances Bitcoin self-custody rights and protects crypto mining operations. The bill received unanimous support and is now awaiting the governor’s signature. If enacted, it could strengthen Kentucky’s image as a pro-crypto state. Representatives Adam Bowling and T.J. Roberts introduced the bill. It allows individuals to manage their digital assets without interference. It also protects Bitcoin miners from unfair zoning regulations that