News

ZachXBT identifies the mysterious 50X Hyperliquid whale as British cybercriminal William Parker

March 22, 2025 1 min read

ZachXBT, a crypto investigator, has identified William Parker, a British cybercriminal, as the “50X Hyperliquid Whale.” Parker, previously known as Alistair Packover, has a background in online fraud, hacking, and casino theft. He reportedly made around $20 million by using high leverage on decentralized crypto platforms. Parker gained notoriety for making large leveraged trades, sometimes up to 50 times, on exchanges like Hyperliquid and GMX. ZachXBT traced him through a

IDA, Progmat, Datachain and TOKI Join Forces to Explore Stablecoin-Based Remittances for Hong Kong – Japan Trade Efficiency

March 22, 2025 4 mins read

IDA Finance Hong Kong Limited (IDA), a leading digital asset company based in Hong Kong, Progmat Inc. (Progmat), a digital assets platform provider backed by Japan’s largest banking groups and technology firms, Datachain, Inc. (Datachain), a leading blockchain firm in Japan, and TOKI FZCO (TOKI), a cross-chain infrastructure provider, have announced a strategic partnership to develop a proof of concept (PoC) to enable stablecoin-based cross-border use cases between Hong Kong and Japan. The PoC seeks to provide

US OFAC removes Tornado Cash from its sanctions list

March 21, 2025 1 min read

The US Treasury’s Office of Foreign Assets Control (OFAC) has removed Tornado Cash, a well-known crypto mixing service, from its Specially Designated Nationals (SDN) List. However, one of its founders, Roman Semenov, remains under sanctions. This announcement was made in a press release on Friday. Tornado Cash had been blacklisted since August 2022. The Treasury Department accused it of helping criminals launder stolen assets. Authorities claimed that groups like the

Over $2 billion in Bitcoin and Ethereum options expire following the FOMC and Digital Asset Summit

March 21, 2025 2 mins read

Over $2 billion in Bitcoin and Ethereum options are set to expire today, following significant events like the FOMC meeting and the Digital Asset Summit. This expiration could lead to short-term market volatility, as traders monitor the situation closely. Data from Deribit indicates that many Bitcoin and Ethereum contracts are nearing their expiration. For Bitcoin, a large number of contracts are closing near a price point known as the “maximum

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.

Shardeum Announces Token Sale Ahead of Mainnet Launch

March 21, 2025 3 mins read

Shardeum, the community-oriented Layer 1 focused on autoscaling, announced its public token sale in partnership with Tokensoft, a leading technology platform for token launches. The token sale will run from March 19 until April 14, 2025, providing users early access to SHM tokens before mainnet.  The token sale marks a major step in Shardeum’s journey towards mainnet, further reinforcing its commitment to decentralization, scalability, and accessibility in blockchain. With over 81 million

The Uniswap community approves $165.5M for ecosystem growth

March 20, 2025 2 mins read

The Uniswap community has approved two significant governance proposals, securing $165.5 million for the Uniswap Foundation. This funding aims to boost ecosystem growth and innovation, ensuring long-term sustainability. The decision comes after the launch of Uniswap v4 and Unichain, setting the stage for further expansion and increased market activity for UNI tokens. The proposals were part of the “Uniswap Unleashed” initiative, announced on February 14. They mark a pivotal moment

Volatility Shares’ Solana futures ETFs start trading tomorrow

March 20, 2025 1 min read

Volatility Shares is set to launch the first-ever exchange-traded funds (ETFs) that track Solana futures. This event is significant as it may lead to the approval of a spot Solana ETF in the future. The launch follows a pattern seen with Bitcoin and Ether, where futures-based products were approved before spot ETFs. According to a Bloomberg report, Volatility Shares will introduce two ETFs: the Volatility Shares Solana ETF (SOLZ) and

Coinbase introduces Verified Pools

March 19, 2025 1 min read

Coinbase has launched Verified Pools, a new service aimed at institutional traders. This service provides a secure and efficient on-chain liquidity solution. Verified Pools offer high liquidity while ensuring strict identity verification, including KYC and sanctions screening. This compliance is crucial for addressing common concerns of institutional investors, such as counterparty risk and regulatory issues. Unlike traditional liquidity pools, which may lack security for large investors, Coinbase’s Verified Pools require

EOS users face a new threat as scammers use address poisoning attacks

March 19, 2025 2 mins read

EOS users are currently facing a serious threat from attackers employing an address poisoning scheme. This tactic involves creating fake wallet addresses that closely resemble legitimate ones. Attackers send small transactions to unsuspecting users, aiming to trick them into copying these fraudulent addresses for future transactions. Security firm SlowMist has identified this scheme, noting that attackers are mimicking major trading platforms. For instance, they created an account named “oktothemoon” to

Governments worldwide tighten regulations on Bitcoin ATMs

March 19, 2025 1 min read

Governments around the world are paying more attention to Bitcoin ATMs due to concerns about their involvement in illegal activities. Countries like New Zealand, Australia, the UK, and the US have raised alarms about these machines being used for scams, money laundering, and other financial crimes. Although no complete bans have been put in place, there is increasing regulatory pressure that may lead to stricter rules in the future. In

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