A billion-dollar bank is warning customers after a cybersecurity breach affecting thousands of customers. In a filing with the Office of the Maine Attorney General, Western Alliance Bank says an unauthorized actor exploited a vulnerability in a third-party file transfer software system it uses. The breach, which was discovered in late January and happened in …
Monthly archives: March 2025
Native Token of New AI Bot Project Surges by More Than 23% After Being Added to Coinbase Listing Roadmap
The new native token of an artificial intelligence (AI) bot project surged by more than 23% after Coinbase added the asset to its listing roadmap. Freysa AI’s native asset, FAI, is trading at $0.0226 at time of writing, up from around $0.0183 a day ago. The 298th-ranked crypto asset by market cap launched in late …
Three Ethereum (ETH)-Based Altcoins Spring to Life After New Coinbase Listing Roadmap Additions
The top US-based crypto exchange platform Coinbase is announcing the addition of three new Ethereum (ETH)-based altcoins to its listing roadmap, premeditating rallies. In a new thread on the social media platform X, Coinbase says its listing decentralized roll-up protocol AltLayer (ALT), decentralized finance network Pendle (PENDLE), and gamified learning platform Layer3 (L3) to its …
IMF updates global standards to include crypto in balance of payments
The International Monetary Fund (IMF) has overhauled its balance of payments standards to reflect the growing impact of digital assets. According to the newly released Balance of Payments Manual, Seventh Edition (BPM7), cryptocurrencies like Bitcoin (BTC) are now classified as non-produced nonfinancial assets, while certain tokens are treated akin to equity holdings. The updated manual, …
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SEC holds first crypto roundtable to reassess regulatory framework
The US Securities and Exchange Commission (SEC) held its first crypto task force roundtable on March 21 to discuss regulation, which ended in a consensus that crypto needs regulatory clarity in the US despite diverging views among the panelists. Panelists ranged from crypto advocates to skeptics and the session focused on longstanding debates, including the …
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Ethereum-based RWA protocol Zoth hacked second time in a month for $8.85 million
Zoth, an Ethereum-based platform focused on tokenized real-world assets, suffered a second major security breach in less than three weeks on March 21, with attackers draining $8.85 million in digital assets. The company confirmed the breach and is working with security experts to investigate the incident. Zoth is also offering a $500,000 bounty for information …
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Bitcoin faces pressure from potential whale selling and weak investor sentiment
Bitcoin (BTC) is encountering renewed market pressure as large holders increase exchange activity and investor sentiment deteriorates, according to recent on-chain data from CryptoQuant analysts. CryptoQuant certified analyst EgyHash highlighted that the Bitcoin Exchange Whale Ratio, which measures the proportion of the top 10 inflows to total exchange inflows, has climbed to levels not observed …
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German regulator rejects Ethena Labs’ license application in the EU, suspects sUSDe is a security
Germany’s Federal Financial Supervisory Authority (BaFin) has rejected Ethena Labs’ application to issue asset-referenced tokens under the European Union’s Markets in Crypto-Assets Regulation (MiCAR). The regulator also raised concerns that the sUSDe may constitute an unlicensed security offering. According to BaFin’s official notice, the application submitted by Ethena GmbH, a Frankfurt-based entity under Ethena Labs’ …
Coinbase reportedly in advanced talks to acquire crypto derivatives exchange Deribit
Coinbase is in advanced negotiations to acquire the crypto derivatives platform Deribit, Bloomberg News reported on March 21, citing people familiar with the matter. The parties have reportedly notified Dubai regulators about the ongoing discussions since Deribit holds a license in the jurisdiction that would transfer to any acquiring entity. Sources told the newswire that …
Trump administration exploring gold revaluation to fund Bitcoin purchases – Bo Hines
A top White House crypto official said this week that the Trump administration is considering revaluing decades-old gold certificates as a novel way to expand the country’s Bitcoin (BTC) holdings without increasing the federal deficit. Bo Hines, who leads the President’s Council of Advisers on Digital Assets, said during an interview on the Crypto in …
US Lawmakers Urge SEC to Explain Lack of Oversight on Meme Coins Amid Rising Scam Losses
U.S. lawmakers are demanding answers from the SEC after the agency excluded meme coins from oversight, as scams soar and President Trump and the First Lady launch their own tokens. SEC Challenged Over Meme Coin Guidance as Lawmakers Demand Transparency on Political Ties U.S. Senator Elizabeth Warren (D-MA) and U.S. Representative Jake Auchincloss (D-MA) formally …
Digital Dollar Project Remarks Modernization Is Necessary to Preserve Dollar’s Status
The Digital Dollar Project, which focuses on investigation leading to the future-proofing of the dollar, states that while the U.S. currency is still peerless, it is moving on the wheels of technology quickly approaching obsolescence. Digital Dollar Project States U.S. Currency Must Modernize to Preserve Its Status The Digital Dollar Project, a non-neutral, non-profit forum …
Ark Invest’s Cathie Woods Warns About Meme Coin Mania
Wood called for possible meme coin investors to be aware of the dangers of supporting these assets, stating that most will not be worth much. Nonetheless, some will become digital collectibles, like TRUMP. Ark’s Investment Cathie Wood States Most Meme Coins Will Be Worthless Meme coins, one of the latest verticals in the cryptocurrency market, …
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Coinbase Eyes $4B Deal for Derivatives Leader Deribit Amid Industry Expansion
Coinbase Global Inc. is in advanced discussions to acquire Deribit, the world’s largest bitcoin and ethereum options trading platform, as the U.S. crypto exchange seeks to expand its derivatives offerings, according to a Bloomberg report citing people familiar with the matter. Coinbase in Advanced Talks to Acquire Crypto Derivatives Giant Deribit: Bloomberg Report According to …
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Eric Trump Joins Metaplanet Strategic Board of Advisors
Japanese hotel developer and bitcoin treasury firm Metaplanet has created a Strategic Board of Advisors and Eric Trump will join as an inaugural member, according to an announcement made by the company’s CEO Simon Gerovich on Thursday evening. “Metaplanet is thrilled to welcome Eric Trump to our newly formed Strategic Board of Advisors,” Gerovich wrote. …
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