Crypto-related hacks resulted in approximately $244.1 million in losses during May 2025, according to new data from blockchain security firm PeckShield. While still significant, the total marks a 39.29% drop from April, signaling improved security response and mitigation efforts across decentralized networks. Roughly 20 major incidents occurred throughout the month, but many involved successful asset…
The Open Network (TON), a blockchain ecosystem closely tied to Telegram, has resumed full operations following a temporary outage on June 1 that disrupted block production. According to an official update from TON developers, the issue was swiftly identified and resolved within 40 minutes. The cause of the outage was traced to a bug in…
The U.S. Securities and Exchange Commission (SEC) has officially pulled back from overseeing memecoins, effectively leaving traders and investors to navigate the volatile space without regulatory guidance. SEC Commissioner Hester Peirce stated this week that tokens like $TRUMP—a memecoin tied to President Donald Trump’s growing crypto empire—will not be classified as securities, nor subject to…
Thailand’s Securities and Exchange Commission (SEC) has announced that it will block access to five major cryptocurrency exchanges—Bybit, OKX, CoinEx, 1000X, and XT.COM—for allegedly offering services to Thai users without proper authorization. The regulatory action, effective from June 28, is aimed at protecting local investors and preventing digital asset platforms from being exploited for money…
Panama City Mayor Mayer Mizrachi has proposed allowing ships to pay in Bitcoin for expedited passage through the Panama Canal. Speaking at the Bitcoin 2025 conference in Las Vegas, Mizrachi floated the idea of offering perks—such as faster transit—to vessels that settle tolls in Bitcoin. “What if you get your ship to go quicker if…
Pakistan is set to establish a national Bitcoin reserve, marking a significant shift in its approach to digital assets. Speaking at the Bitcoin 2025 conference in Las Vegas, Bilal Bin Saqib, head of the newly launched Pakistan Crypto Council, announced that the government will create a Bitcoin wallet to hold reserves long-term. He emphasized that…
New revelations suggest that the arrest of Vladimir Smerkis, the former Binance Russia chief and co-founder of Telegram-based crypto app Blum, may be connected to his past involvement in crypto ventures that collapsed and left investors at a loss. The Zamoskvoretsky District Court ordered Smerkis’s detention last week, although the exact charges remain undisclosed. According…
Render price declined 8% in the past 24 hours, currently trading at $4.50 as the trading volume surged over 150%. The drop appears to stem from confusion surrounding Coinbase’s May 27 announcement about delisting the RNDR token. However, the delisting affects the older Ethereum-based version of Render (RNDR), not the newer Solana-based RENDER. Coinbase stated…
Trump Media & Technology Group (TMTG) has announced a $2.5 billion private placement that will fund one of the largest corporate Bitcoin treasuries in history. The company, which operates Truth Social, Truth+, and Truth.Fi, revealed the funding structure includes $1.5 billion in common stock and $1 billion in convertible notes, priced at a 35% premium….
Strive Asset Management, the investment firm co-founded by Vivek Ramaswamy, has unveiled a $750 million private investment in public equity (PIPE) round, with funds earmarked for significant Bitcoin purchases and a suite of alpha-generating strategies. The round could scale to $1.5 billion following the execution of warrants, the firm announced on May 27, 2025. The…