1d ago
Binance adds XAUUSDT and XAGUSDT perpetual futures to expand into gold and silver markets
Binance has introduced perpetual futures contracts for gold and silver under the tickers XAUUSDT and XAGUSDT, expanding its derivatives offering beyond purely crypto assets. The products, settled in USDT and operating under FSRA oversight in Abu Dhabi’s ADGM, give traders onchain access to precious metals price movements without physical delivery. Other major exchanges already list similar contracts, underlining growing demand for safe-haven exposure via crypto-native infrastructure.
1d ago
1d ago
Wyoming's FRNT stablecoin launches on January 7 as first US state-backed digital dollar
Wyoming has introduced the Frontier Stable Token (FRNT), described as the first stablecoin issued and backed by a US state government. The dollar-pegged token, which went live on January 7 and initially trades on Kraken via Solana, is fully collateralized by cash, cash equivalents, and short-term US Treasuries managed by Franklin Templeton. Interest from the reserves is directed to Wyoming public schools instead of FRNT holders, and state officials are testing its use for government payments amid ongoing federal regulatory uncertainty.
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1d ago
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China labels real-world asset tokenization illegal finance and extends liability across Web3 sector
China's major financial industry associations have jointly stated that real-world asset tokenization falls under illegal fundraising, securities, or futures activities and is treated as unlawful finance. The directive targets Hong Kong-linked and offshore structures with mainland staff and applies liability across the Web3 service chain, from token issuers to technology, marketing, and payment providers.
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1-6
India brings 49 crypto exchanges under FIU oversight and issues ₹28 crore AML fines in FY 2024–25
In the 2024–25 financial year, 49 cryptocurrency exchanges registered with India's Financial Intelligence Unit, which now serves as the primary supervisor for virtual asset platforms under anti-money laundering rules. Non-compliant exchanges were fined a total of ₹28 crore, while authorities mapped regional transaction hotspots and flagged digital assets tied to scams, fraud, gambling and more serious criminal risks.
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Silent wallet-draining campaign siphons over $107,000 across multiple EVM networks
An on-chain alert shared by ZachXBT has highlighted a coordinated wallet-draining campaign across several EVM-compatible blockchains, with cumulative losses already exceeding $107,000 and most affected wallets losing under $2,000 each. Investigators report that the stolen funds are being routed through related addresses, but no specific wallet provider, dApp, or exploit vector has yet been identified. The pattern raises broader concerns about stealthy attacks on self-custody users interacting with multiple chains and protocols.
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12-30
Unleash Protocol governance exploit drains $3.9 million and routes 1,337.1 ETH through Tornado Cash
Unleash Protocol suffered a governance-level exploit that allowed an attacker to deploy an unauthorised contract upgrade and withdraw about $3.9 million in user assets. The incident, identified by PeckShieldAlert and later confirmed by the team, affected tokens including WIP, USDC, WETH, stIP, and vIP, with 1,337.1 ETH ultimately funneled into Tornado Cash via Ethereum bridges. Platform operations have been paused while external security specialists investigate how the multi-signature admin controls were bypassed.
USDC
USDC+0.00%
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12-29
Japan plans 2026 overhaul of crypto taxation with 20% flat rate and loss carry-forward
Japan plans to overhaul how cryptocurrency gains are taxed in 2026, shifting eligible holdings from progressive income tax of up to 55% to a flat 20% rate. The lower rate will only apply to specified crypto assets handled under the Financial Instruments and Exchange Act, alongside the introduction of a three-year loss carry-forward for crypto investments. These steps are part of a wider move to bring digital assets under a framework more closely aligned with traditional securities while tightening investor protections.
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