Author: James Wilson

LG is winding down its Art Lab, allowing collectors to withdraw NFTs before its closure in June. South Korean multinational electronics tycoon LG is winding down its LG Art Lab platform, a marketplace for non-fungible tokens launched to bring digital art to its premium screens. In a Thursday announcement on its official website, the company said it made the “difficult decision to close the platform” as the NFT space “continues to evolve.” Launched in 2022, Art Lab will officially shut down on June 17. To help users transition, LG outlined two ways for collectors and artists to transfer their assets.…

TON Foundation successfully closed more than $400 million in token-based funding from some of the most reputable venture capital firms. According to a March 20 press release sent to crypto.news, investors include Sequoia Capital, Ribbit, Paradigm, Benchmark, and Kingsway. The funding reflects increasing institutional interest in TON’s infrastructure and its ability to scale financial applications within Telegram’s ecosystem. TON’s close relationship with Telegram has become a major growth driver. Earlier this year, TON became the underlying blockchain for Telegram’s Mini Apps Ecosystem, allowing developers to create integrated financial services and interactive experiences for Telegram’s massive user base of over 1…

Infini Labs, a crypto-focused neobank, has filed a lawsuit against an engineer it accuses of embezzling nearly $50 million from the platform. The stablecoin digital bank accuses Chen Shanxuan of retaining “super admin” authority as the crypto platform’s smart contract went live in mainnet. As a result, the engineer stole approximately $49.5 million in USDC (USDC) from the firm.  Infini Labs filed its lawsuit in Hong Kong, via its subsidiary BP SG Investment Holding Limited. The allegation is that as a lead developer, Chen secretively retained ‘super admin’ access and used this privilege to embezzle millions of dollars in crypto…

Blockchain investigator ZachXBT has alleged that a trader who recently amassed $20 million on HyperLiquid through leveraged trading is likely William Parker.  Parker is a convicted fraudster with a history of hacking and gambling-related crimes. In a detailed thread on X, ZachXBT outlined how an on-chain analysis traced the whale’s transactions back to Parker.  The trader reportedly opened highly leveraged positions on HyperLiquid and GMX from January to March 2025, including a 50x ETH and BTC long just before Trump’s crypto reserve announcement and a 40x BTC short, netting nearly $20 million in profits. 1/ An investigation into the alleged…

Chinese electric car company Zeekr is integrating Minima’s blockchain to enable a tokenized system for secure charging station reservations. Minima, a decentralized blockchain network, is collaborating with European arm of Chinese electric car maker Zeekr to launch a charging solution that could expand access to charging stations. In a press release shared with crypto.news, Minima said the system could help address infrastructure gaps by allowing EV owners to share their wallboxes through a blockchain-powered booking system. Minima’s blockchain is said to be integrated into Zeekr wallboxes, allowing owners to make their chargers available for booking. Zeekr drivers would be able…

Bitcoin price drifted upwards this week after the Federal Reserve delivered a mixed interest rate decision on Wednesday. Bitcoin (BTC) recovered to a high of $87,375, its highest level since March 7, and up by 13% from its lowest level this month.  The rebound coincided with the ongoing recovery of other assets like stocks and commodities. U.S. equities rose after the FOMC decision, with the Dow Jones and S&P 500 rising by over 1%. Gold jumped to a record high of $3,100, while copper crossed the $10,000 milestone. The rally was likely driven by Jerome Powell’s prediction that Donald Trump’s…

A controversial Solana ad—which was deleted 9 hours after being posted—has sparked woke/unwoke divide on crypto X. On March 17, Solana’s official X account posted a 2.5-minute ad. In the video, a man named “America” tells a therapist about his thoughts on innovation, like interplanetary travel, AI, and crypto. The therapist diagnoses him with “rational thinking syndrome” and suggests he focus on creating a new gender identity instead. America insists he’ll keep thinking about innovation and action, but the therapist advises him to shift his focus from verbs (like “doing” and “innovating”) to pronouns. The ad was deleted 9 hours…

Crypto exchange Gemini will safeguard assets for Evolve’s leveraged Bitcoin and Ether ETFs, which aim to optimize returns through cash borrowing. Winklevoss-founded cryptocurrency exchange Gemini will serve as the custodian for Canadian asset manager Evolve Funds’ newly launched leveraged Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds, LBIT and LETH, which began trading on the Toronto Stock Exchange on Tuesday, offering what Evolve calls “modestly leveraged” exposure to retail investors. In a blog announcement, Gemini said the ETFs aim to provide investors with 1.25x exposure to BTC and ETH, using cash borrowing instead of derivatives to amplify returns. Unlike traditional levered…

Swiss National Bank Governor Martin Schlegel reaffirmed the central bank’s position against incorporating Bitcoin or other digital assets into its foreign exchange reserves.  Schlegel expressed concerns to Bloomberg regarding Bitcoin’s (BTC) high volatility, instability, and the regulatory challenges associated with cryptocurrencies. These factors were cited as the main reasons for his position.  He highlighted that the Swiss National Bank’s reserves are meant to support monetary policy, and he noted that digital assets do not align with this goal. This position is consistent with Schlegel’s earlier remarks. In a November 2024 event, he expressed caution regarding cryptocurrencies like Bitcoin and Ethereum…

North Korean hacker group, Lazarus Group, was seen sending Bitcoin to multiple unknown addresses, bringing their total holdings down to 13,441 BTC, according to on-chain data. According to data from Arkham Intelligence, the North Korean hacker group’s Bitcoin (BTC) holdings are now worth around $1.15 billion after the mass transfers. On March 20 at around 9:18 AM UTC, the wallet sent 12.929 BTC or equal to $1.12 million to an unknown wallet address. Following the 12.929 BTC transfer, the wallet continued to send Bitcoin to four other wallet addresses. Two unknown wallets each received 0.308 BTC, one wallet received around…