Tag: Breaking

The U.S. Securities and Exchange Commission (SEC) staff published a series of new frequently asked questions regarding crypto assets. The guidance specifically addresses compliance parameters surrounding token buybacks and liquid staking protocols. Market participants and legal experts are actively analyzing the potential impact of these clarifications on decentralized finance operations. The U.S. Securities and Exchange Commission has...

Iran has reportedly introduced an unexpected diplomatic initiative aimed at easing ongoing regional conflicts and de-escalating geopolitical tensions. The proposal comes as global markets and digital asset traders closely monitor foreign policy developments surrounding the upcoming U.S. presidential transition. Tehran is currently waiting for a formal response or signal from the incoming administration of Donald Trump regarding the...

SoFi Bank went live on September 22, transitioning its entire $25 billion card program to settle transactions on Mastercard’s network using its own stablecoin, SoFiUSD. While the underlying network mechanics leverage SoFiUSD, merchants never touch the stablecoin, receiving instant, 24/7, and free-to-withdraw traditional fiat dollars directly into a SoFi Bank account. The integration allows participating merchants to access instantaneous...

Cryptocurrency exchange Bitget has temporarily suspended all user withdrawals following a major security breach. On-chain data and security monitors estimate the total losses from the exploit to be approximately $352 million. The platform’s engineering team is currently investigating the incident to secure remaining funds and trace the stolen assets. Major cryptocurrency derivatives and spot exchange Bitget has been forced to...

Privacy coin Zcash (ZEC) experienced a dramatic market surge, touching a notable multi-year high of $1,600. The sharp price movement underscores a broader resurgence in market demand for zero-knowledge privacy-preserving digital assets. Traders and analysts continue to monitor on-chain metrics and liquidity shifts as volatility remains elevated across major altcoin sectors. Privacy-focused cryptocurrency Zcash (ZEC) surged to a milestone of...