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Justin Sun says First Digital Trust is insolvent

7 hours ago 1 min read

Justin Sun, the founder of Tron, issued a warning today about First Digital Trust (FDT), claiming it is insolvent and cannot meet client redemptions. He urged users to secure their assets and called for swift action from Hong Kong regulators to prevent further issues. Sun’s post highlighted concerns about Hong Kong’s reputation as a financial center, citing weak oversight in trust licensing and risk management. This warning followed recent court

GameStop plans to raise $1.3B through convertible bonds to buy Bitcoin

March 28, 2025 2 mins read

GameStop Corp. plans to raise $1.3 billion through a convertible bond offering to buy Bitcoin. This strategy is inspired by Michael Saylor, a well-known crypto advocate. The company’s board has approved adding Bitcoin to its treasury reserves, marking a significant change in its approach. The bond sale is intended for general corporate purposes, including the Bitcoin acquisition. This move puts GameStop in line with other public companies that are using

GameStop confirms plans to adopt Bitcoin as a treasury reserve asset

March 26, 2025 1 min read

GameStop has officially added Bitcoin to its balance sheet. This decision was confirmed during its fourth quarter earnings release. The company’s board of directors unanimously approved this move, which aligns with earlier reports about GameStop’s plans to invest in Bitcoin and possibly other cryptocurrencies. Following the announcement, GameStop’s shares rose by over 6% in after-hours trading. Bitcoin itself remained stable, trading just below $88,000. GameStop has not revealed how much

Binance introduces a community vote for new meme coins for listing

March 21, 2025 2 mins read

Binance has introduced a community voting process that allows users to choose which tokens will be listed on the exchange. In the first round, nine meme coins are competing, with two winners set to receive full listings. Among the contenders are Mubarak and two Broccoli-themed tokens, both of which are generating a lot of interest. This initiative aims to engage users in the listing process, creating excitement and some debate.

Asset manager VanEck to set up a Bitcoin investment fund or organization in Vietnam

March 18, 2025 2 mins read

VanEck, a major asset management firm with over $113 billion in assets, plans to establish a Bitcoin investment fund in Vietnam. CEO Jan van Eck met with the State Securities Commission (SSC) to discuss digital assets. He suggested that Vietnam should adopt a cautious, step-by-step approach to managing this market. VanEck aims to partner with SSI Securities, led by Chairman Nguyen Duy Hung, to create the Bitcoin fund. Jan van

Global investment manager VanEck files for an Avalanche ETF

March 17, 2025 1 min read

VanEck, a global investment manager, has submitted a filing for an Avalanche exchange-traded fund (ETF) to the US Securities and Exchange Commission (SEC). This ETF aims to provide investors with direct exposure to the Avalanche smart contract platform. The news was highlighted on March 14 by Bloomberg analyst James Seyffart, who has been tracking the crypto ETF landscape. The VanEck Avalanche ETF is designed to reflect the performance of the

El Salvador’s opposition warns that Bukele’s Bitcoin purchases defy the IMF deal

March 15, 2025 2 mins read

El Salvador’s opposition party, ARENA, is expressing serious concerns about President Nayib Bukele‘s ongoing Bitcoin purchases. They warn that these actions could threaten a $1.4 billion loan agreement with the International Monetary Fund (IMF). Despite the opposition’s warnings, Bukele shows no signs of stopping the country’s Bitcoin acquisitions. Since Bitcoin became legal tender in El Salvador, the government has increased its Bitcoin holdings significantly. Bukele claims this strategy will enhance

1inch recently experienced a serious security breach that led to the theft of millions in digital assets. Fortunately

1inch successfully recovers most of the stolen $5 million

March 12, 2025 2 mins read

1inch successfully recovers most of the stolen $5 million. 1inch recently experienced a serious security breach that led to the theft of millions in digital assets. Fortunately, after quick talks with the hacker, the platform was able to recover most of the stolen funds. The hacker agreed to return a large part of the money, keeping some as a bug bounty for their help. This event highlights the weaknesses in

Cardano Foundation partners with Brazil’s SERPRO

March 8, 2025 2 mins read

The Cardano Foundation is teaming up with Brazil’s state-owned IT company, SERPRO, to introduce blockchain technology into the country’s public sector. This partnership aims to modernize Brazil’s digital infrastructure. SERPRO handles 90% of Brazil’s federal public administration and processes around 33 billion transactions each year. This collaboration is a big step towards improving digital governance and promoting blockchain use in government. Brazil is recognized for its digital governance, ranking second

Sam Bankman-Fried claims FTX could have been worth $93 billion

March 7, 2025 2 mins read

Sam Bankman-Fried, the former CEO of FTX, recently gave his first video interview from prison with Tucker Carlson. He is serving a 25-year sentence for his role in the collapse of FTX. In the interview, he defended his actions and beliefs, claiming that FTX would still be successful if not for outside interference. He stated that the exchange could have had $93 billion in assets, contrasting with its $15 billion

Lazarus Group successfully launders $1.5B in stolen Bybit funds using THORChain

March 5, 2025 2 mins read

The Lazarus Group has successfully laundered $1.5 billion in stolen Ethereum (ETH) from the Bybit hack, converting it into Bitcoin (BTC) using the decentralized exchange (DEX) THORChain. This has sparked concerns in the crypto community, with many criticizing THORChain for allowing these transactions. In response, THORChain defended itself, stating that its decentralized and open-source nature means it does not act like a law enforcement agency to monitor transactions. Arkham Intelligence,

Vietnam’s Prime Minister urges a proposal for a legal framework on digital currencies