SoFi Taps BlockFi Co-Founder Flori Gilroy to Help Lead Renewed Crypto Push

Binance continued to allow suspicious accounts to operate even after a 2023 U.S. plea agreement, according to a report in the Financial Times. FT reporters tracked 13 suspicious accounts that traded $144 million on the platform after its plea agreement. AML lawyers called the allegations "very troubling," while Binance responded that it "maintains strict compliance controls."

Sen. Cynthia Lummis, known as the "Bitcoin Senator" for her crypto advocacy, announced she will not seek reelection due to exhaustion. Her retirement may impact the passage of the market structure bill, a key legislation for the crypto industry.

Ronald Spektor, a 23-year-old Brooklyn resident, was charged with stealing $16 million in cryptocurrency from around 100 Coinbase users. He allegedly used phishing and social engineering tactics to convince victims to send funds to accounts he controlled, then attempted to launder the assets through various means.

Proposed settlement agreements were filed by the SEC for former FTX executives Caroline Ellison, Gary Wang, and Nishad Singh. The agreements include prohibitions on future securities law violations and restrictions on serving as officers of public companies.

Two Hyundai Group buildings in Seoul, South Korea were evacuated due to a bomb threat demanding 13 Bitcoin as ransom. The caller threatened to detonate a bomb if the ransom was not paid, leading to a search by special forces with no explosives found.

Analysts predict a potential surge in Bitcoin's price to $1.42 million by 2035, with a bull case of $2.95 million. Factors such as institutional adoption and regulatory clarity could drive this growth, making Bitcoin a dominant store of value globally.

The Federal Reserve is seeking public feedback on its proposal for a "skinny" payment account, a modified version of master accounts for crypto banks. This move could potentially revolutionize the U.S. banking system by allowing crypto banks access to the Fed's payment rails.

Kaspersky has discovered a new infostealer malware called Stealka, hidden in pirated mods for games like Roblox. This malware targets sensitive information from browsers, browser extensions, cryptocurrency wallets, and other apps, potentially putting users at risk.

In 2022, Jeff Yan witnessed Sam Bankman-Fried's FTX collapse, inspiring him to create Hyperliquid. Three years later, Hyperliquid has become a successful decentralized exchange, generating billions in trading volume without venture capital funding. The platform popularized perpetual futures, offering leverage up to 40x.

Citigroup's analysts, led by Peter Christiansen, remain bullish on digital assets stocks despite recent market declines. Circle Financial (CRCL) is their top pick, with a $243 price target, while Bullish (BLSH) and Coinbase (COIN) are also favored. Price targets for these stocks have been adjusted to reflect market conditions.