Article written by James Wilson

OKX partners with Standard Chartered to offer secure, third-party crypto custody for institutional investors

1 min read

OKX, a cryptocurrency exchange, has teamed up with Standard Chartered to enhance security for institutional investors through reliable third-party custody solutions. This partnership merges OKX’s cryptocurrency expertise with Standard Chartered’s established reputation in traditional banking, aiming to build trust among institutional clients. The Chief of Security at OKX described this collaboration as a significant step forward, highlighting the critical need for trust and security as more institutional investors venture into

Bitcoin soars above $72K, liquidating over $200M in short positions

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In the last 24 hours, Bitcoin (BTC) has experienced a notable surge, climbing 5% and surpassing the significant $70,000 mark, according to CoinMarketCap. This rally has been accompanied by impressive trading volumes, reaching $48 billion—almost double what was seen on Monday. On Tuesday, Bitcoin soared past $72,000, driving a broader market upswing just days before the U.S. elections, which many traders view as a potential positive influence on the market,

Hackers allegedly steal $20 million in crypto from US government wallets

2 mins read

In a troubling development, hackers are believed to have made off with $20 million in cryptocurrency from wallets associated with the US government. The stolen assets include popular cryptocurrencies like USDC, USDT, aUSDC, and Ethereum (ETH). Reports indicate that the hackers have already started laundering the funds through quick exchanges. The breach was uncovered by Arkham Intelligence and crypto investigator ZachXBT, although the US government has not yet publicly acknowledged

Tesla still holds all 11,509 Bitcoin, worth over $776M

1 min read

Recent blockchain data indicates that Tesla Inc. continues to hold all of its 11,509 Bitcoin, putting to rest speculation about a possible sale. Last week, Arkham Intelligence, a blockchain analytics firm, reported that Tesla had moved its Bitcoin—worth over $776 million—to new, undisclosed wallets, sparking rumors that the company might be offloading its holdings. However, Arkham later clarified that these transactions were internal wallet reorganizations rather than sales. They explained

Vitalik Buterin outlines Ethereum’s next phase

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Vitalik Buterin, co-founder of Ethereum, recently shared insights about the platform’s upcoming developments, particularly a phase known as “The Surge.” This initiative aims to significantly enhance Ethereum’s transaction capabilities, targeting an impressive 100,000 transactions per second (TPS). To achieve this, the team is focusing on innovative technologies such as rollups, sharding, and Layer-2 (L2) solutions, all while keeping the platform decentralized. Buterin highlighted the pivotal role of rollups, which allow

FBI arrests a 25-year-old man for allegedly hacking the US SEC X account

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A 25-year-old man from Athens, Alabama, named Eric Council Jr., has been arrested by the FBI for allegedly hacking into the US Securities and Exchange Commission’s (SEC) X account. The US Attorney’s Office revealed that Council was part of a group that posted a misleading message on the SEC’s account, falsely claiming the approval of the first Bitcoin exchange-traded fund (ETF). Council faces serious charges, including conspiracy to commit aggravated

Ethereum’s daily active addresses surges by over 20%

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Ethereum is currently experiencing a notable increase in user engagement, with daily active addresses rising by 21%. This surge in activity typically suggests a growing user base, which could support price increases. However, despite this uptick, Ethereum’s price remains under pressure, hovering around $2,533. Traders are actively selling, which has made it difficult for the token to break through significant resistance levels. The rise in unique addresses conducting transactions indicates

MicroStrategy’s net asset value premium hit 2.5 times it’s bitcoin holdings

1 min read

MicroStrategy, a company that identifies itself as a Bitcoin Development Company, has seen its stock performance soar in relation to Bitcoin’s price, reaching a premium not seen in over three years. The company’s net asset value (NAV) premium, which is calculated by comparing its market capitalization to the value of its Bitcoin holdings, has climbed to approximately 2.5. As of the last market update, MicroStrategy’s market cap stood at around

Robinhood’s top lawyer Dan Gallagher is a leading contender to replace SEC Chair Gary Gensler if Trump wins

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Dan Gallagher, the chief legal officer at Robinhood and a former SEC commissioner, is emerging as a potential replacement for SEC Chairman Gary Gensler should Donald Trump win the presidency. According to a report by Politico, Gallagher is favored by several former regulators and securities lawyers, particularly in light of the SEC’s ongoing scrutiny of Robinhood’s crypto operations. Gallagher has downplayed the SEC’s investigation into Robinhood, arguing that the company

The Open Network (TON) launches Memelandia, a decentralized hub to expand its meme coin ecosystem

1 min read

The Open Network (TON) is making waves in the meme coin arena with the launch of Memelandia, a decentralized hub designed to engage and expand its community of meme coin enthusiasts. This innovative platform integrates seamlessly with Telegram, leveraging its massive user base of 900 million to enhance interest and participation in the meme coin market. Memelandia is not just another platform; it’s a vibrant ecosystem where communities can thrive

Ripple’s CLO slams the SEC’s latest appeal in the ongoing XRP legal battle

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Ripple’s Chief Legal Officer, Stuart Alderoty, has expressed strong criticism of the U.S. Securities and Exchange Commission’s (SEC) recent appeal regarding XRP, which challenges a previous ruling that deemed XRP not a security. This appeal follows a ruling by Judge Analisa Torres, who imposed a $125 million fine on Ripple, significantly less than the SEC’s initial demand of $2 billion. Alderoty described the SEC’s move as disappointing and indicative of

SWIFT plans to trial digital asset transactions for 11,000 banks next year

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SWIFT, the global banking network, is set to revolutionize the financial landscape by enabling digital asset transactions for over 11,000 financial institutions starting next year. This ambitious initiative aims to bridge the gap between traditional banking and the burgeoning world of digital assets, tackling regulatory and privacy challenges head-on. The project will kick off with trials across North America, Europe, and Asia, allowing banks to delve into tokenized assets. SWIFT