Russian police shut down a large illegal crypto mining farm in St. Petersburg that stole electricity and caused over 10 million rubles in damage. At the same time, authorities warned the public about rising crypto scams where fake traders trick people into handing over their money and account access.
WeatherlyThe SEC has approved Grayscale’s plan to turn its Digital Large-Cap Fund into an ETF, giving investors easier access to a basket of major cryptocurrencies. This move could lead to more crypto ETFs being approved in the US, including ones for altcoins like Solana, XRP, and Cardano.
AnaisA U.S. judge has allowed Celsius to sue Tether over the forced sale of 39,545 Bitcoin during its 2022 collapse, which Celsius says caused over $4 billion in losses. The court rejected Tether’s argument about being outside U.S. jurisdiction, meaning key claims like fraud and breach of contract will go ahead.
AnaisRipple has applied for a US national bank charter and a Federal Reserve account to support its stablecoin RLUSD. The move comes as new laws push stablecoin issuers to meet tougher rules, with Ripple aiming to boost trust and compete with USDC and USDT.
WeatherlyRobinhood offered tokens linked to OpenAI and SpaceX shares to European users, but OpenAI denied any involvement and warned the tokens do not represent real equity. Elon Musk called the OpenAI tokens "fake", and critics say the scheme is misleading and legally unclear.
AnaisNorth Korean hackers have secretly taken jobs inside crypto firms, posing as developers and IT staff to gain access from within. Investigations have found hundreds may be working in the industry, with some linked to thefts and scams using insider permissions.
WeatherlyOpenAI has signed a $30 billion-a-year deal with Oracle to secure massive computing power for its Stargate AI project. Oracle will build large data centres across the US, using 4.5GW of energy and 400,000 Nvidia chips to meet OpenAI’s growing AI needs.
AnaisHackers have uploaded at least 40 fake crypto wallet extensions to the Firefox store, tricking users into giving up their wallet details. Some of the apps copied real wallets like MetaMask and Trust Wallet, and have already caused users to lose funds.
WeatherlyA new private club in Seoul with a KRW 1 billion annual fee reportedly excludes people who made money from cryptocurrency and those with many tattoos. Despite its high price, membership is selective and requires recommendations, aiming for a traditional, exclusive image.
WeatherlyAn Australian crypto billionaire was nearly kidnapped in Estonia by a gang posing as workers. He escaped by biting off one attacker’s finger, and the gang’s plan to steal his crypto failed.
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