2d ago
ZachXBT ties Coinbase support impersonation scheme to roughly $2M in losses
Onchain investigator ZachXBT said a Coinbase support impersonation operation stole roughly $2 million in crypto, traced through onchain activity and social media artifacts. The FBI reported more than $16 billion in internet crime losses in 2024, underscoring the role of social engineering; Coinbase reiterates it never requests passwords, 2FA, seed phrases, or transfers to a safe address.
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2d ago
12-24
Ondo Finance targets early 2026 launch of custody-backed tokenized US stocks on Solana
Ondo Finance plans to expand its Global Markets product to Solana in early 2026, offering tokenized US stocks and ETFs that are backed by securities held with US-registered broker-dealers. The structure is designed so that holders receive economic exposure, including dividend effects, while compliance is enforced via Solana Token Extensions such as Transfer Hooks. Minting and redemption are expected to run 24 hours a day, five days a week, with transfers and trading available around the clock on Solana.
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12-24
12-19
Malaysia's RMJDT royal ringgit stablecoin signals Asia's move to regulated tokenized money
Malaysia's RMJDT, a ringgit-pegged "royal" stablecoin on the Zetrix blockchain, is positioned for payments and cross-border trade settlement and backed by ringgit cash and short-term government bonds. The project includes a 500 million Malaysian ringgit Zetrix-token treasury with plans to reach 1 billion ringgit to stabilize network costs and validator support, reflecting a broader Asian push toward licensed stablecoin issuance and regulated onchain settlement in local currencies.
12-19
12-19
Libya’s ultra-cheap electricity fuels covert Bitcoin mining and state crackdown
Libya’s heavily subsidized power, reportedly costing about $0.004 per kilowatt-hour, helped turn the country into a covert Bitcoin mining hub that once generated around 0.6% of global hash rate. As mining activity expanded in a legal grey zone and was estimated to consume roughly 2% of national electricity output, authorities responded with raids, hardware seizures and prison sentences while debating whether to regulate, tax or eliminate the sector.
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12-19
12-17
USDKG: Kyrgyzstan's gold-backed, USD-pegged stablecoin issues 50 million on Tron
Kyrgyzstan introduced USDKG, a USD-pegged stablecoin the project says is backed by physical gold, with an initial 50 million tokens issued on Tron and plans to support Ethereum. Launch materials describe an issuer with 100% state participation and operations run by a local private firm. Next, independent reserve attestations, clear redemption and real-world liquidity will determine credibility.
12-17
11-29
US Labor Market Slowdown Introduces New Macro Headwinds for Bitcoin
Weakening US employment indicators are reshaping expectations for economic growth, interest rate trajectories and market liquidity. These shifts are introducing fresh macro headwinds for Bitcoin and the broader digital asset sector. Traders are recalibrating risk exposure amid mixed labor signals as the unemployment rate climbs to multi-year highs and monthly payroll additions moderate from post-pandemic peaks.
BTC
BTC-2.17%
11-29