Cambodia's New Law Targets Online Scams Involving Crypto, Introducing Harsh Penalties

A former employee of DigitalMint is under investigation for allegedly profiting from ransomware attacks by negotiating with hackers. The US Justice Department is looking into claims that the ex-employee struck deals to take a cut of extortion payments.

A scammer in Nigeria posed as a Trump-Vance Inaugural Committee official, tricking a donor into sending $250,000 in crypto by using a nearly identical email address with a typo. The FBI recovered $40,300 of the stolen funds, with Tether assisting in freezing the crypto.

OpenAI responded to Robinhood's unauthorized tokenization of its equity, clarifying that the tokens do not represent ownership in the company and were launched without their approval. Robinhood's stock tokens offer indirect exposure to private markets but lack traditional stock benefits like voting rights.

Dogecoin and Ethereum led a surge in crypto prices, with DOGE rising over 8% to $0.171 and ETH gaining nearly 8% to above $2,590. Bitcoin also saw a more than 3% increase, nearing its all-time high of $111,814.

Erebor, a new commercial bank led by Palmer Luckey and supported by Peter Thiel's Founder Fund, has filed for a national bank charter with the OCC. The bank plans to cater to venture capital-backed startups in AI, defense, manufacturing, and cryptocurrencies, similar to the ill-fated Silicon Valley Bank.

The SEC has not yet fully approved the Grayscale Digital Large Cap Fund (GDLC) ETF, as an order to convert it was paused indefinitely. The agency may be developing a framework for digital asset ETFs before giving final approval.

DeFi Development Corporation increased its convertible notes offering to $112 million, with an option for an additional $25 million. The net proceeds will be used for a prepaid forward stock purchase and general purposes, including more Solana purchases.

JPMorgan's blockchain arm Kinexys and S&P Global Commodity Insights are collaborating to explore tokenization for managing and issuing carbon credits. The project aims to test creating and tracking tokenized carbon credits using blockchain infrastructure, focusing on credit lifecycle management and data compatibility.

Tim Heath, an Australian crypto entrepreneur, bit off part of an assailant's finger during an attempted kidnapping outside his apartment. The attackers had planned the assault meticulously, using GPS trackers and burner phones to monitor his movements.

The cryptocurrency market is experiencing a rotation play as meme coins gain attention over blue chip tokens. Bitcoin and Ethereum show modest gains, with technical indicators suggesting potential for further upward movement. Meme coin SPX6900 stands out with a 12% surge, attracting traders with bullish indicators.