Author: James Wilson
US Representative Maxine Waters has asked the Federal Reserve Bank of Kansas City to explain its decision to approve Kraken Financial’s limited-purpose master account. Summary Maxine Waters asked the Kansas City Fed to explain Kraken Financial’s master account approval terms. Waters asked which Federal Reserve services Kraken can access and what restrictions apply to usage. Kraken’s approval renews debate over crypto firms seeking direct access to core US payment rails. Her request puts fresh attention on how crypto-linked firms may gain access to the US payment system and what safeguards apply when the Federal Reserve reviews those applications. Waters, the…
The crypto market continued its downtrend on Friday as hopes of peace in the U.S. and Iran faded following a breakdown in diplomatic talks. Summary Crypto market extended losses as fading U.S.–Iran peace hopes pushed Bitcoin below key support and triggered nearly $300 million in liquidations. Escalating Middle East tensions and surging oil prices fueled inflation fears, raising expectations of tighter Federal Reserve policy. Investors rotated into safe-haven assets like gold while equities and crypto-related stocks declined amid a broader risk-off sentiment. Bitcoin (BTC), the world’s largest crypto asset, lost the $70,000 psychological support, falling to $68,560 at press time,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto scams surge as AI-powered fraud and fake exchanges exploit urgency and weak user verification. Summary Crypto scams surge as fake exchanges and AI fraud exploit urgency, costing users billions in stolen funds. Not all exchangers are equal — grey-zone platforms pose risks with unclear rules, weak support, and opaque processes. Safe crypto use starts with verification; users must assess risk, payment methods, and urgency before transactions. The crypto exchange market looks deceptively simple until funds are drained. Fake…
Avalanche price is grinding around $9.70 as a U.S. “digital commodity” label, fee and subnet upgrades, and growing RWA and ETF activity push fundamentals ahead of AVAX’s stalled chart. Summary Avalanche trades around $9.67 with a market cap near $3.8 billion and 24-hour volume above $220 million. AVAX is consolidating roughly 10–12% below key $10 resistance after a March ruling that classified it as a U.S. “digital commodity” and a series of scaling upgrades. Subnet expansion and rising real‑world asset activity contrast with subdued price action, mirroring a broader pause across large L1 tokens. Avalanche (AVAX), the native token of…
ZachXBT blasted YoungHoon Kim’s $LAMB presale as a religion-wrapped grift, pointing to botted engagement, recycled scam copy and a playbook he’s seen in prior fraud investigations. Summary On-chain investigator ZachXBT publicly questioned whether “grifting religion to promote a crypto token presale” is a viable strategy in 2026, targeting a token launch by self-proclaimed IQ 276 holder YoungHoon Kim. Kim, who bills himself as a World Memory Championships-recognized genius, launched the $LAMB token on March 25 via Fjord Foundry, claiming all profits would go to building churches worldwide. The presale’s sale marketcap reached $1.496 million with a fully diluted value of…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. We began our new Outset Data Pulse analysis expecting 12 years of headline data to confirm a familiar belief in crypto: that news moves markets, and that faster headlines give you an edge. But what the findings showed instead was more unsettling: most of the time, price seems to move first, and the headline comes later to explain it. That’s not to say that “news doesn’t matter.” It’s closer to saying we’ve been treating it as the…
An attacker spent about $1,800 on MFAM to push a malicious Moonwell proposal that could seize control of seven markets and $1.08m in assets, testing its veto and governance defenses. Summary An unknown attacker spent just $1,800 to acquire 40 million MFAM tokens and push a malicious governance proposal through quorum in roughly 11 minutes on Moonwell’s Moonriver deployment. The proposal, if executed, would transfer admin control of seven lending markets, the comptroller, and the oracle to an attacker-controlled contract, exposing approximately $1.08 million in user funds. Moonwell retains an emergency veto mechanism — the “Break Glass Guardian” multisig —…
The UK has sanctioned crypto marketplace Xinbi and Cambodia’s #8 Park scam compound over a $19.9b fraud and trafficking network, freezing London assets ahead of June’s Illicit Finance Summit. Summary The UK sanctioned Xinbi — the first country to do so — after Chainalysis data showed it processed over $19.9 billion in illicit transactions between 2021 and 2025. Sanctions also target the operator of Cambodia’s “#8 Park” scam compound, believed to house up to 20,000 trafficked workers, along with multiple frozen London properties. The action precedes the UK’s Illicit Finance Summit in June, where officials plan to push for greater…
Tether has launched XAU₮ on BNB Chain and Binance, extending its 60% share of a $4b tokenized gold market across 12+ networks via the USDt0 cross-chain system. Summary Tether’s gold-backed token XAU₮ is now live on BNB Chain, bringing the product to the world’s largest cryptocurrency exchange ecosystem and expanding its cross-chain reach to over 12 blockchains via the USDt0 network. The gold-backed stablecoin market grew from roughly $1.3 billion to over $4 billion in 2025, with XAU₮ commanding approximately 60% of total supply. Binance simultaneously listed XAUt on March 26, offering spot trading, 1–50x USDT perpetual contracts, VIP borrowing,…
NYSE CPO Jon Herrick says blockchain should plug into existing rails like central clearing, as ICE’s OKX deal and SEC moves on tokenized stocks redraw market structure. Summary NYSE Chief Product Officer Jon Herrick said at the New York Digital Assets Summit on March 26 that the exchange’s strategy centers on blockchain “interoperability” with existing market infrastructure, not wholesale replacement of it. Herrick emphasized that legacy mechanisms like central clearing retain irreplaceable risk management value and predicted the boundary between traditional and tokenized assets could disappear within the next decade. The comments land weeks after NYSE parent Intercontinental Exchange (ICE)…