Decrypt
Xinbi, a major illicit marketplace in Southeast Asia, has been sanctioned by the UK government for providing cryptocurrency services to scam centers. The sanctions aim to cut off Xinbi from the legitimate crypto ecosystem, affecting its ability to conduct transactions.
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Decrypt
Addicted, a Solana-powered cannabis farming simulator, has seen its WEED token market capitalization peak at $82.48 million before dropping 36% to $52.6 million. Players can earn WEED tokens by growing digital cannabis plants with varying rarity levels.
Decrypt
A blockchain expert labeled $21 million in outflows from Japan-based SBI Crypto as "stolen," involving Bitcoin, Ethereum, Litecoin, Dogecoin, and Bitcoin Cash. The funds were moved to "instant exchanges" or laundered through Tornado Cash, amidst a series of breaches in the crypto industry this year.
Blockworks
Lava has secured $17.5 million in funding and launched a lending platform offering USD yields on overcollateralized bitcoin loans. The startup's service allows users to earn up to 7.5% interest on their deposits, with plans to expand infrastructure for bitcoin financial products.
Coindesk
Circle introduced its tokenized U.S. Treasury fund offering to Solana, expanding beyond Ethereum, Near, Base, and Canton networks. USYC is redeemable in real time into USDC, available to non-U.S. institutional investors passing KYC checks.
Coindesk
Bullish has launched spot trading in the U.S. after obtaining licenses from NYDFS, with trading live in 20 states. The platform, catering to institutional clients, aims to provide stability and improved trade execution through its hybrid model.
Blockworks
The Ethereum Foundation has appointed new leaders for its Privacy Research Cluster to coordinate work on cryptographic tools and secure scaling solutions. The cluster will focus on overseeing projects related to zero-knowledge proofs and multiparty computation to enhance user privacy on Ethereum's public blockchain.
Decrypt
VisionSys AI's shares plummeted 40% to $2.05 following news of plans to establish a $2 billion Solana treasury. The company aims to acquire $500 million in Solana within six months, partnering with Marinade Finance for AI-driven blockchain treasury management.
Coindesk
OpenSea, once a leader in NFTs, is rebranding to become a Web3 hub for trading various assets, including tokens and DeFi activities. The platform's SEA token is highly anticipated, with details expected from the OpenSea Foundation soon.
Coindesk
The Fusaka hard fork, following Ethereum's Pectra upgrade, aims to reduce costs for institutions by introducing features like PeerDAS. Holesky test network, crucial for testing new code, will be shut down two weeks after Fusaka's mainnet launch. Ethereum developers plan two more testnet runs before finalizing Fusaka's mainnet launch date.
bitcoinmagazine.com
Setting up a remote Lightning node for personal payments is straightforward with modern wallets. However, routing payments for others requires careful consideration due to potential pitfalls and security risks.