befla

Why the options boom is changing what investors actually buy

by
Bitcoin dropped below $60,000 by mid-June after a punishing start to the month, but the figure drawing the most attention across trading desks is the June 26 Bitcoin options expiry, with over $10 billion of contracts set to expire and roughly 80% currently sitting out of the money. Chart showing the open interest for Bitcoin … Read more

Ethereum’s Jaredfromsubway MEV bot drained after approving its own $7.5M theft

by
The Jaredfromsubway MEV bot, linked to roughly 70% of Ethereum sandwich attacks, lost more than $7.5 million in an allowance drain after its automated system authorized attacker-controlled contracts to spend its tokens. The bot, known as Jaredfromsubway.eth, approved a series of transactions that appeared to be part of profitable trading routes. Those permissions remained active, … Read more

Three World Cup betting crypto wallets have cashed out more than $24 Million

by
Three cryptocurrency wallets collectively generated $24.25 million in profit from World Cup prediction markets before routing their proceeds to the same Binance deposit address, raising questions about whether a single trader controlled the accounts. On June 21, blockchain analytics platform Lookonchain identified the wallets as mintblade, GRIMDRIP, and EndlessFate. The accounts recorded 13 winning positions from 16 settled … Read more

Kraken Fed account fight could shape how crypto firms get direct payment access

by
The banking group, ICBA, is asking the Federal Reserve Bank of Kansas City to turn Kraken’s Fed account into an active renewal test before the initial one-year term expires. In a June 18 letter, the community-bank trade group urged the Kansas City Fed to immediately review whether Kraken Financial’s limited-purpose account remains consistent with the … Read more

MiCA deadline likely to shift smaller crypto apps into licensed custody rails

by
Europe’s MiCA deadline is turning access and infrastructure into the same question: which crypto apps remain available, and who controls the rails underneath them? BitGo Europe GmbH announced a partnership with Bielik.io, a Warsaw-based crypto trading platform, to support regulated trading access across the EEA by integrating BitGo Europe’s Crypto-as-a-Service infrastructure. Through that integration, eligible … Read more

Crypto perps’ US future to be defined by what regulators decide to call them

by
The next fight over crypto perpetual futures regulation is moving into the agency comment file: a place built for lawyers, incumbents, startups, and public-interest groups. The Commodity Futures Trading Commission and Securities and Exchange Commission opened the process June 18, seeking public comment on how to further define swaps, security-based swaps, mixed swaps, novel products, … Read more

Africa’s crypto crackdown is really a remittance revolution

by
Africa has never been friendly to crypto. Despite incredible adoption numbers on the continent, African governments have met almost every crypto discussion with bans or warnings. However, some of its largest economies have abandoned that approach and are working to introduce licensing regimes, stablecoin oversight, and compliance rules designed to integrate digital assets into the … Read more

FCC robocall rule could make phone accounts a richer target for crypto attackers

by
The FCC’s proposed robocall rule, published May 26 under CG Docket Nos. 17-59 and 02-278, asks whether originating voice service providers should collect and retain customer names, physical addresses, government-issued identification numbers, alternate telephone numbers, and supporting verification records before granting service. The agency proposes a four-year retention window once the customer relationship ends, a … Read more

Stablecoin regulation converts issuers into psuedo-banks while adding a barrier to entry for smaller players

by
Three federal agencies have proposed rules that would make stablecoin issuers operate like banks. The Treasury wants them to run anti-money-laundering and sanctions programs. The Office of the Comptroller of the Currency (OCC) wants a weekly confidential report and a quarterly financial report from each one, and the Federal Deposit Insurance Corporation (FDIC) wants Bank … Read more

Morgan Stanley’s proposed 0.14% ETH and SOL fees could turn the next crypto ETF race into a price fight

by
Morgan Stanley filed amended registration statements for proposed Ethereum and Solana ETF trusts on June 18, setting a 0.14% annual delegated sponsor fee on both products. Bloomberg senior ETF analyst Eric Balchunas described the proposed fee as the lowest among ETH and SOL products worldwide. The ETH trust, expected to trade on NYSE Arca under … Read more