Short News
522 articles
Standard Chartered Launches Crypto Custody Service in Luxembourg Under MiCA Rules
Standard Chartered has officially launched a new crypto custody service in Luxembourg to serve the entire European Union under the MiCA regulation. The bank is expanding its global presence in the crypto sector, following successful ventures like Zodia Custody in the UAE. Led by Laurent Marochini, former head of innovation at Société Générale, this new …
Mustafa Mulla·9 Jan 20251 min
CFTC Issues Subpoena to Coinbase Over Polymarket Investigation
The U.S. Commodity Futures Trading Commission (CFTC) has subpoenaed Coinbase, seeking information related to Polymarket, a crypto-based prediction market platform. This move comes amid ongoing regulatory scrutiny of Polymarket, which has been restricted for U.S. residents since 2022 after settling with the CFTC for $1.4 million. Coinbase has notified its users, assuring them no immediate …
Mustafa Mulla·9 Jan 20251 min
Crypto Market Faces $483M Liquidation – Ethereum and Solana Hit Hard!
The cryptocurrency market witnessed massive liquidations as prices of digital assets fell sharply. According to CoinGlass data, $483.61 million was liquidated across exchanges in the past 24 hours, with long positions dominating the sell-off at $342.34 million, compared to $141.34 million in short positions. Ethereum (ETH) led the altcoin liquidations with $86.43 million wiped out …
Mustafa Mulla·9 Jan 20251 min
Short NewsBinance Alpha Introduces Innovative Projects: FAI, VERTAI, and VADER
Binance Alpha, the pre-listing pool by Binance, has announced three new additions: FAI, VERTAI, and VADER. These projects are designed to enhance the integration of blockchain and artificial intelligence. FAI and VADER function as AI proxy tokens on the Base chain, simplifying access to AI-powered tools and services. On the other hand, VERTAI operates on …
Mustafa Mulla·9 Jan 20251 min
Binance’s CZ Praises Bhutan’s Crypto Reserve Move
In a recent development, Binance Co-Founder Changpeng Zhao has expressed support for Bhutan’s bold decision to include cryptocurrencies in its strategic reserves. Recently, Gelephu Mindfulness City (GMC) in Bhutan, a Special Administration Region, added Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) to its strategic reserves. In a statement, GMC noted that it will only …
Nidhi Kolhapur·9 Jan 20251 min
Bitstamp Lists Ripple RLUSD Stablecoin On The Platform
In a latest development, Bitstamp in its recent blog post announced that Ripple USD (RLUSD) is now tradable on the platform. The stablecoin is supported on the Ethereum network and can be traded against six major pairs: USD, EUR, BTC, ETH, XRP, and USDT. Notably, Ripple RLUSD is backed 1:1 by USD, issued under a …
Nidhi Kolhapur·9 Jan 20251 min
Movement Labs Nears Completion of $100 Million Series B Funding Round
Movement Labs, a San Francisco-based team developing a layer-2 blockchain on Ethereum announced that it is about to complete a $100 million Series B financing, with a valuation of $3 billion. Investors will receive a combination of equity and Move tokens. The round, co-led by CoinFund and Nova Fund, comes amid a crypto market resurgence. …
Nidhi Kolhapur·8 Jan 20251 min
Orange Finance Hacked: $787K in Crypto Stolen
Arbitrum-based Orange Finance suffered a security breach, resulting in the theft of approximately $787,000 in crypto assets. The hacker exploited administrative controls to upgrade smart contracts, enabling unauthorized fund transfers to an external wallet. Security firm PeckShieldAlert confirmed the attack, prompting Orange Finance to advise users to halt all interactions with the platform and revoke …
Nidhi Kolhapur·8 Jan 20251 min
MicroStrategy’s Trading Volume Matches Top Tech Giants Despite Smaller Market Cap
MicroStrategy (MSTR) has emerged as one of the most volatile and heavily traded stocks, rivaling the trading volume of the “magnificent seven” U.S. tech giants. Despite a market cap under $100 billion, it ranks sixth in daily trading volume, surpassing Microsoft (MSFT) and Meta (META). Between Dec. 2, 2024, and Jan. 7, 2025, MicroStrategy averaged …
Zafar Naik·8 Jan 20251 min