Category: News
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South Korean Firm Faces $32.7M Loss on Ether ETF Bet
South Korean funeral company Bumo Sarang is facing $32.7 million in losses from a leveraged ETF tied to Ether, gambling with customer funds.
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Trafigura and Tether Consider USDT Payments in El Salvador
Trafigura is in talks with Tether to enable USDT payments at Puma Energy fuel stations in El Salvador, highlighting stablecoins in everyday retail.
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UpsideOnly Promises Risk-Free Profits Using AI Trading
Patrick Gruhn launched UpsideOnly, a trading platform promising profits without risk. Users submit paper trades, and AI executes strategies.
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Grayscale and VanEck Update Filings for BNB ETFs
Grayscale and VanEck have updated their filings with the U.S. Securities and Exchange Commission for spot BNB exchange-traded funds. Approvals may be near.
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Myanmar Proposes Death Penalty for Crypto Fraud Offenses
Myanmar’s military government seeks life sentences or death penalty for crypto fraud, targeting scams that threaten stability and sovereignty.
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South Korea’s Largest Bank Tests Stablecoin System
KB Financial Group completed a stablecoin pilot program. It’s the parent company of South Korea’s largest bank.
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AI-Driven Stock Rally Loses Momentum Amid Market Shift
The AI-driven stock rally just lost steam. Markets hit repeated records. Now they’re pulling back. A broad bond selloff sent Treasury yields higher.
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Senate Advances Clarity Act to Resolve Crypto Oversight
The Senate Banking Committee advances the Clarity Act, a major crypto market structure bill, aiming to end years of regulatory uncertainty.
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Poland Approves Crypto Bill Amidst Regulatory Challenges
Poland’s parliament approved a revised crypto regulation bill, aligning with the EU’s MiCA. The Financial Supervision Authority gains sweeping powers.
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Aave’s $71M ETH Freeze Persists Amid Legal Delays
A New York federal judge has delayed ruling on Aave’s emergency request to unfreeze $71 million in ETH frozen on Arbitrum after the $293 million Kelp DAO hack.