Tag: Breaking

The UK Financial Conduct Authority (FCA) has finalized a comprehensive regulatory framework for crypto trading platforms, custodians, stablecoin issuers, and staking entities, taking full effect on Oct. 25, 2027. The new rules ease key constraints following industry pushback, including reducing capital coefficients for stablecoin issuers from 2% to 1% to balance consumer safety with market innovation. In contrast, the U.S. Digital Asset...

Ethereum Layer-2 scaling pioneer Loopring has announced the immediate closure of its decentralized exchange (DEX) and automated market maker (AMM) services, bringing an end to the core trading platform of the first-ever zero-knowledge rollup deployed on the network.DEX and Relayer Halts: Loopring has shut down all trading activities and taken its supporting relayer offline effective immediately.Technological Obsolescence: The team cited...

Strategy has approved a BTC Monetization Program allowing the company to sell bitcoin from time to time to raise up to $1.25 billion. The proceeds will fund the company’s U.S. dollar cash reserve, preferred stock dividends, interest expenses, and potential share repurchases. The capital framework adjustment comes amid a volatile market environment that has seen MSTR shares decline nearly 50% year-to-date. Strategy, the largest corporate...

Chinese AI startup Zhipu AI (Z.ai) has released GLM-5.2, an open-weight AI model that researchers say matches the cybersecurity capabilities of Anthropic’s highly restricted Claude Mythos model. Independent testing by cybersecurity firm Semgrep revealed that GLM-5.2 achieved a 39% success rate in detecting complex code vulnerabilities, outperforming Claude Code’s 32%. The open-weight nature and low operation costs of GLM-5.2 raise fresh...

Ukrainian authorities have transferred over 8.3 million USDT to the National Agency for Asset Tracing and Management (ARMA), marking the first time in the country’s history that seized virtual assets have moved directly under state control. The digital assets were confiscated during a cybercrime investigation targeting an international hacking group responsible for over $100 million in global damages. The transfer positions Ukraine to build...