Day: February 27, 2025

Bybit Moves Toward UAE License After $1.4B Hack

Bybit, the embattled cryptocurrency exchange, is moving closer to securing a full operational license in the United Arab Emirates (UAE), even as it recovers from a $1.4 billion hack. On February 27, Bybit announced it had received in-principle approval from the Securities and Commodities Authority (SCA) to establish a virtual asset platform operator in the […]

Crypto Trader Murdered in South Korea

A Chinese national was found dead in a luxury hotel in Jeju City, South Korea, in what appears to be the latest case of a crypto-related wrench attack—a growing trend where criminals use violence or coercion to steal digital assets. The victim, identified in Korean media as Mr. E, was discovered on February 24, with […]

Metaplanet Issues $13.35M in Bonds to Expand Bitcoin Reserves

Metaplanet, Japan’s leading Bitcoin treasury firm, has issued 2 billion yen ($13.35 million) in 0% bonds to expand its BTC holdings, continuing its aggressive accumulation strategy that began in May 2024. 📢 Seventh Bitcoin Bond Issuance Since May 2024 On February 27, Metaplanet announced the issuance of 40 ordinary bonds, each with a face value […]

Framework Ventures’ Vance Spencer Slams U.S. Stablecoin

Vance Spencer, co-founder of Framework Ventures, has voiced strong opposition to efforts to limit centralized international stablecoin issuers’ access to U.S. Treasury markets. According to Spencer, such policies do nothing to preserve U.S. dollar hegemony or address national debt concerns. Instead, they risk pushing stablecoin adoption further offshore, diminishing America’s influence over global digital finance. […]

MEXC Invests $36M in Ethena Labs and USDe to Drive Stablecoin

MEXC, a global cryptocurrency exchange, has announced a $20 million investment in USDe, the Ethereum-based synthetic dollar issued by Ethena Labs, as part of a broader effort to enhance stablecoin adoption. Additionally, MEXC Ventures has invested $16 million directly into Ethena Labs, reinforcing its commitment to decentralized financial infrastructure. 💰 USDe: A DeFi-Native Alternative to […]