Russia Turns to Crypto Amid Sanctions

Russia is increasingly turning to Bitcoin and digital currencies to navigate Western sanctions, according to Finance Minister Anton Siluanov. In a recent interview with Russia 24, Siluanov confirmed that cryptocurrency transactions with international trade partners are already underway, with plans to expand them in 2024. “Such transactions are already occurring. We believe they should be […]
Israel Approves Six Bitcoin Mutual Funds

Israel is set to launch six mutual funds tracking Bitcoin prices on December 31, marking a significant milestone for the country’s financial market. According to a report from Calcalist, these funds will debut simultaneously after receiving approvals from the Israel Securities Authority (ISA) last week. The approval follows over two years of lobbying by Israeli […]
Hyperliquid Faces Security Concerns Amid DPRK Activity

Hyperliquid, the rising star of Layer 1 blockchains and decentralized exchanges, is facing its first major security test since its token generation event on November 29. Security expert Taylor Monahan, known for her work with MetaMask, flagged suspicious activity involving wallets linked to North Korea’s Democratic People’s Republic (DPRK) on December 22. The flagged wallets, […]
HyperLiquid Faces Hacker Threats Amid Success

HyperLiquid, a decentralized exchange (DEX) and layer-1 blockchain known for its high-leverage trading, is facing a critical moment. On Monday, a sudden outflow of $60 million in USDC raised alarms, sparking concerns over the platform’s security and stability. The loss, though a fraction of HyperLiquid’s $2 billion in USDC reserves, has drawn scrutiny. Analysts suggest […]
Ripple’s Legal Battle Reaches Crossroads

On the fourth anniversary of Ripple Labs’ legal battle with the U.S. Securities and Exchange Commission (SEC), Ripple’s Chief Legal Officer Stuart Alderoty called for an end to what he termed a “lawless lawsuit.” Speaking on X, Alderoty urged the incoming Trump administration to address regulatory missteps and foster innovation in the crypto space. This […]
BONK’s Bold Burn to $0.11

BONK, the meme coin sensation, has unveiled an ambitious plan to burn 1 trillion tokens as part of its “BURNmas campaign.” With a lofty price target of $0.11, this move could represent an extraordinary 328,000% gain from its current price of $0.0000339. The campaign has garnered massive attention, especially after BONK surged 30% in the […]
Tether’s $10B Profit Powerhouse

Tether Holdings Ltd., the issuer behind the widely used USDT stablecoin, is on track to achieve record-breaking profits of over $10 billion this year. According to CEO Paolo Ardoino, more than half of the company’s net income will be channeled into strategic projects aimed at diversifying Tether’s portfolio and cementing its dominance in emerging financial […]
Russia’s Central Bank Holds Rates at 21%: What’s the Strategy?

The Russian Central Bank surprised markets by maintaining its 21% interest rate. With many expecting a hike to 22% or higher, the decision sparked curiosity. Governor Elvira Nabiullina and Deputy Governor Alexei Zabotkin explained their reasoning, pointing to a slowdown in credit growth as evidence that the current rate is already effective. Raising rates further, […]