Hong Kong warns of fraud risk after new stablecoin rules
A Hong Kong SFC official warned that the new local stablecoin framework has fueled fraud risks, and urged investors to remain cautious amid hype-driven speculation.
Ether ETFs smash records as crypto products see $3.75B inflows
Ether continued dominating ETP inflows last week despite Bitcoin printing new highs above $124,000 and ETH only nearing all-time highs.
NFT market cap drops by $1.2B as Ether rally loses steam
The NFT market cap dropped 12% to $8.1 billion as Ether fell, with CryptoPunks and Bored Apes sliding while Pudgy Penguins climbed into second place.
South Korea’s Jeju City targets crypto holdings of alleged tax dodgers
The South Korean government passed laws in 2021 allowing regulators to seize crypto from accused tax delinquents.
EV startup Faraday Future plans multibillion-dollar crypto strategy
Faraday Future said it plans to initially buy $30 million worth of crypto, with plans for “tens of billions” more, and is exploring the idea of launching a crypto ETF.
Former Twitter CEO Agrawal emerges with AI startup
Parag Agrawal, the former Twitter CEO ousted by Elon Musk, has launched an AI startup aimed at driving the next wave of AI agent research.
Solana hits 100K TPS milestone with stress test transaction spike
Solana briefly achieved over 100,000 transactions per second, which a developer says could eventually see the blockchain perform to at least 80,000 TPS.
Thailand plans launch of a crypto payment sandbox for tourists
The Thai government is reportedly set to allow tourists to exchange crypto for Thai baht and make electronic payments through e-money service providers.
Cryptojacker gets 1 year prison after admitting to $3.5M fraud
Charles O. Parks III, who admitted to misusing $3.5 million worth of resources from two cloud computing providers to mine crypto, was sentenced to one year and one day in prison.
Altseason’s next step depends on China stimulus, investors’ response to recession fears
Central bank stimulus in China and global investors’ response to recession fears will determine if altseason continues.