Crypto News

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,

U.S. Congress to Ban TRUMP and MELANIA Crypto Tokens, Traders Switch to More Reliable Coins Like Web3Bay

March 5, 2025 5 mins read

The U.S. Congress is moving swiftly to introduce legislation that will ban politically affiliated cryptocurrencies, marking a decisive stance against digital assets linked to public figures. This legislation, spearheaded by Sam Liccardo, aims to prevent elected officials and their families from launching or endorsing cryptocurrencies, addressing concerns over potential conflicts of interest and market manipulation. The bill has already secured a dozen Democratic sponsors and is expected to gain bipartisan

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

March 5, 2025 2 mins read

Vietnam’s Prime Minister, Pham Minh Chinh, has asked for a proposal to create a legal framework for digital currencies by March. The Ministry of Finance (MOF) and the State Bank of Vietnam (SBV) will work on this proposal to manage digital assets and crypto. This step is part of a larger plan to boost national growth and economic stability. Vietnam is currently 7th in the world for cryptocurrency ownership, according

The SEC reviews Bitwise’s Dogecoin ETF filing

March 4, 2025 1 min read

The SEC is currently reviewing Bitwise’s filing for a Dogecoin ETF. NYSE Arca submitted a 19b-4 form to seek approval for this exchange-traded fund. This follows Bitwise’s earlier S-1 submission. Coinbase Custody will manage the Dogecoin assets, while the Bank of New York Mellon will handle cash assets and administration. The proposed ETF will primarily hold Dogecoin. Its Net Asset Value (NAV) will be calculated daily using the CF Dogecoin-Dollar

The SEC introduces its Crypto Task Force

March 4, 2025 2 mins read

The US Securities and Exchange Commission (SEC) has formed a new Crypto Task Force to address regulatory challenges in the digital asset space. Commissioner Hester Peirce leads this initiative, which aims to clarify and improve crypto regulations. The task force consists of a leadership team and several Senior Advisors with expertise in legal, policy, and operational matters related to crypto. Key leaders include Richard Gabbert as Chief of Staff, Michael

Tether (USDT) appoints Simon McWilliams as its new CFO

March 4, 2025 1 min read

Tether, a major stablecoin issuer, has appointed Simon McWilliams as its new Chief Financial Officer. This move is seen as a significant step towards achieving a full audit of the company. McWilliams has over 20 years of experience in finance and auditing at large investment firms. His role will focus on enhancing Tether’s transparency and preparing for regulatory requirements. Tether stated that McWilliams’ appointment shows their commitment to completing a

Aave deploys its lending markets on the Sonic blockchain

March 4, 2025 1 min read

Aave has launched its lending markets on Sonic, a new high-performance blockchain that evolved from Fantom. This marks Aave’s first Layer 1 expansion in 2023. The decision to deploy Aave version 3 on Sonic came after a governance vote by the Aave Chan Initiative. Sonic rebranded from Fantom and launched its mainnet in December 2024. The network has a total value locked of over $700 million. It also offers a

Cardano co-founder says XRP deserves its place in the US crypto reserve

March 4, 2025 1 min read

Charles Hoskinson, co-founder of Cardano, supports President Trump’s decision to include XRP in the US crypto reserve. He believes that XRP’s utility makes it deserving of this role. Hoskinson responded to Peter Schiff, who questioned the need for an XRP reserve. Trump announced that the reserve would also include Bitcoin, Ethereum, Solana, Cardano, and other valuable cryptocurrencies. Schiff, a long-time critic of Bitcoin, expressed skepticism about the idea of a

The SEC agrees to dismiss its lawsuit against Kraken without penalties

March 4, 2025 1 min read

Kraken announced on Monday that the US SEC has agreed to dismiss its lawsuit against the crypto exchange. This dismissal is with prejudice, meaning the case is permanently closed. There are no penalties, no required changes to Kraken’s business, and no admission of wrongdoing. The SEC filed the lawsuit in November 2023. They claimed that Kraken exchange had been operating as an unregistered securities exchange for years. The SEC also

Cameron Winklevoss urges countries to build Bitcoin reserves

March 4, 2025 1 min read

Cameron Winklevoss, co-founder of the Gemini crypto exchange, emphasizes the importance of a strategic Bitcoin reserve for nations. He argues that having a Bitcoin reserve is essential for national security and self-sufficiency. Winklevoss believes that countries that delay accumulating Bitcoin will face higher costs and lose financial sovereignty. He compares Bitcoin to other critical resources like gold and oil, stating that stockpiling Bitcoin is necessary to reduce reliance on adversaries.

CME Group announces that it will roll out Solana futures on March 17

March 4, 2025 1 min read

CME Group will launch Solana (SOL) futures on March 17, pending regulatory approval. This announcement was made on February 28. The new product will include two contract sizes: a micro contract for 25 SOL and a larger contract for 500 SOL. Giovanni Vicioso, the global head of cryptocurrency products at CME Group, stated that the launch is in response to growing client demand for regulated products to manage cryptocurrency price

Onyxcoin (XCN) surges by over 30%

March 4, 2025 1 min read

The crypto market has recently recovered from a bearish phase, gaining 8%. Bitcoin and Ethereum have shown modest increases, but Onyxcoin (XCN) has emerged as a standout with a significant rise of 30%. Onyxcoin attempted a breakout rally and has shown a strong recovery. It rose from a low of $0.01519 to $0.02065. The altcoin has successfully broken through key resistance levels at $0.01674 and $0.01944. This gives Onyxcoin potential