Grayscale Seeks SEC Approval for Spot Avalanche ETF
Grayscale Investments has filed with the United States Securities and Exchange Commission (SEC) for approval to launch a spot Avalanche (AVAX) exchange-traded fund (ETF). The move highlights the digital asset manager’s determination to expand its crypto investment products as institutional and retail demand for regulated cryptocurrency exposure continues to grow.
South Korean Man Arrested in Thailand over $50M Crypto-to-Gold Laundering Scheme
Thai police have arrested a South Korean national accused of helping a call centre syndicate launder more than $50 million worth of cryptocurrency into gold. Arrest at Bangkok Airport The Technology Crime Suppression Division (TCSD) confirmed that officers apprehended Han, 33, at Bangkok’s Suvarnabhumi Airport on Saturday under a warrant
China Weighs Yuan-Backed Stablecoin Amid Dollar Dominance Debate
China is reportedly considering the launch of a yuan-backed stablecoin, potentially marking a new chapter in the global financial system. The move, with an initial rollout suggested in Hong Kong and Shanghai, would represent a shift in policy after years of strict crackdowns on cryptocurrency while simultaneously promoting the central
SharpLink Gaming Approves $1.5 Billion Share Buyback to Strengthen Ether Treasury
SharpLink Gaming, the second-largest corporate holder of Ether, has approved a $1.5 billion share repurchase programme to reinforce its Ethereum-focused treasury strategy. The move highlights the betting platform’s growing commitment to Ether as its primary reserve asset. Buyback Programme Announced The company revealed on Friday that its board has authorised
1inch Unveils Bridge-Free Solana–EVM Swaps with MEV Protection
Decentralised finance aggregator 1inch has introduced a new system for crosschain swaps between Solana and EVM-compatible networks, removing the need for bridges and embedding protection against maximal extractable value (MEV). The launch is positioned as a milestone in creating a safer and more seamless decentralised trading experience. The Problem with
UK Sanctions Kyrgyz Banks and Crypto Networks Over Russia Links
The United Kingdom has imposed sanctions on Kyrgyz banks, cryptocurrency exchanges and individuals it says were helping Russia bypass Western restrictions through a ruble-backed stablecoin operation worth $9.3 billion. Measures Target Financial and Crypto Sectors The new sanctions add to more than 2,700 restrictions already enforced by the UK against
PENGU Price Faces 50% Downside as Selling Pressure Mounts
The PENGU token has entered a turbulent phase, with market indicators suggesting that its recent gains may be under threat. Trading around $0.030 at press time, PENGU has already shed more than 8% over the past 24 hours, erasing most of its monthly progress. Despite still boasting a 113% return
Who Really Controls Bitcoin’s Price in 2025? Whales, Developers and Governments Explained
Bitcoin’s rise past $112,000 in 2025 has reignited an old debate: who actually drives its price? Is it the whales with their vast holdings, the developers shaping its protocol, or the governments writing the rules? The answer is more complex than naming a single group. Bitcoin’s value remains the result
EminiFX Founder Ordered to Repay $228 Million in Ponzi Scheme Case
A United States federal judge has ordered the founder of collapsed crypto platform EminiFX, Eddy Alexandre, to repay more than $228 million after ruling the company operated as a Ponzi scheme that defrauded tens of thousands of investors. Court Rules on Restitution and Disgorgement US District Judge Valerie Caproni delivered
Crypto in US Retirement Plans Could Propel Bitcoin to $200,000 by 2025
The inclusion of cryptocurrency in US retirement plans may push Bitcoin to record highs, with predictions suggesting a potential rise to $200,000 by the end of 2025. Trump Order Opens Door to Digital Assets in 401(k) Plans President Donald Trump signed an executive order on 7 August allowing Americans to
