
Crypto News: US SEC Unveils CETU Cyber Unit to Crack Down on Surging Crypto Scams
The SEC transitions from its Crypto Assets unit to CETU, a specialized team focusing on emerging tech fraud prevention and investor protection initiatives.
The SEC transitions from its Crypto Assets unit to CETU, a specialized team focusing on emerging tech fraud prevention and investor protection initiatives.
The ECB’s move is partly driven by concerns over the growing adoption of US dollar-backed stablecoins, which could increase American influence in the global financial system.
Exodus has integrated Venmo as a payment option for US customers, allowing the mobile payment service’s 60M+ users to purchase digital assets while maintaining self-custody.
Strategy (formerly MicroStrategy) has priced a $2 billion offering of convertible senior notes, with an option for buyers to purchase an additional $300 million, as part of its aggressive Bitcoin acquisition strategy.
Pi Coin dramatically crashed 55% within hours, tumbling from a high of $1.989 to a stunning low of $0.9123, with analysts fearing further collapse to zero.
Muneeb Ali, co-founder of Stacks, predicts that over two-thirds of Bitcoin layer-2 projects will fail within three years due to fading excitement and challenging market conditions.
The Kraken and Deribit acquisition deal is still very intact according to sources close to the matter.
The Solana-based DEX, Jupiter, marks a small intraday recovery while the monthly returns are down at 27%. Despite the intense bearish pressure, an analyst expects this recovery to scale to $1.
JPMorgan analysts have identified two major factors behind the dwindling demand for Bitcoin and Ethereum futures.
The launch of the LIBRA meme coin, promoted by Argentine President Javier Milei, resulted in a significant market pump and dump, leaving 86% of traders with losses.
Users can earn points which can be redeemed for ASTR token by interacting with apps, chains, and DeFi projects on the Soneium network.
The altcoin industry has continued to bleed to the Bitcoin in the past few years as shown by its dominance, but the altseason is on horizon.
Bitcoin may continue its rally, but it is dependent on the ETF market outlook.
Backed by Tether, Mansa raised $3 million in a pre-seed round and $7 million in liquidity funding from institutional investors to expand its cross-border stablecoin payment services.
Binance CEO met with Hong Kong police to enhance cybersecurity collaboration, while the exchange is expanding its fraud prevention efforts.