Monday, October 12

Crypto

Framework Ventures Expands Into AI, Raises 0M Fund

Framework Ventures, a venture capital company that backs crypto platforms, has closed its fourth fund while expanding its investment strategy beyond blockchain.The San Francisco-based investor has raised $400 million to target “frontier technology,” including investments in crypto and technologies such…

Hyperliquid Added to Singapore’s MAS Investor Alert List

The Monetary Authority of Singapore (MAS), the city-state’s central bank and financial regulator, has added decentralized perpetuals exchange Hyperliquid to its Investor Alert List. The entry, added on Friday, includes the Hyper Foundation website and the Hyperliquid trading app.The Investor…

ASIC Extends No-Action Relief for Digital Asset Firms

The Australian Securities and Investments Commission (ASIC) has given digital asset businesses another three months to apply for licenses required under its updated regulatory guidance.Australia’s financial regulator said that the temporary protection from enforcement would remain in place until Sept.…

Bitcoin ETFs Log 6M Outflows as Bitcoin Drops Below 60K

US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their largest daily net outflows of June on Thursday as Bitcoin fell below $60,000.Spot Bitcoin ETFs shed $696.3 million, surpassing the previous monthly high of $519.2 million logged on June 2, according to…

Polymarket Third-Party Vendor Compromise Drains .9M from Users

A third-party vendor compromise discovered Thursday allowed attackers to inject a malicious script into Polymarket’s frontend, affecting multiple users.Blockchain analyst Specter said the malicious script appeared to facilitate a phishing attack that drained an estimated $2.94 million from at least…

StablecoinX to List on Nasdaq Amid Crypto Bear Market

Stablecoin infrastructure company StablecoinX has completed its merger with TLGY Acquisition Corp, a publicly traded special purpose acquisition company, allowing it to begin trading on Nasdaq on Friday.StablecoinX is the first public stablecoin infrastructure company focused on supporting the Ethena…

Tether Flips Ether as USDt Becomes Second Largest Crypto

Tether stablecoin USDt has become the second-largest cryptocurrency by market capitalization as Ether fell to its lowest price of the year on FridayEther’s market capitalization dropped below $185 billion following a 5.2% price crash over 24 hours, sending the asset…

Base Resumes Block Production After 2-Hour Outage

Base, the blockchain backed by crypto exchange Coinbase, has returned online after the network suffered nearly a two-hour outage due to a consensus issue that halted block production.Base posted to X on Thursday after the outage that the network’s blocks…

Sharplink Buys ETH for First Time in 8 Months

Ether treasury company Sharplink has bought Ether for the first time in eight months as the token sank to its lowest price this year on Thursday.On-chain data from Arkham shows a wallet associated with Sharplink received 5,000 Ether (ETH), worth…

Kraken, Maple Launch Onchain Warehouse Facility for Crypto Loans

Crypto exchange Kraken and onchain asset manager Maple have launched an onchain warehouse financing facility for crypto-backed loans, applying a lending structure widely used in traditional credit markets to institutional digital asset lending. According to Thursday’s announcement, the facility will fund…

BitGo Lays off 15% of Staff in Stablecoin, AI Focus

Crypto infrastructure company BitGo Holdings laid off about 15% of its staff on Thursday as its CEO pledged to focus the company on areas including trading, stablecoins and artificial intelligence.“Today I’m sharing a hard decision: we are reducing our workforce…

52% of UK wealth advisers can’t see clients’ crypto

A survey arranged by digital asset services provider CoinShares found that more than half of UK-based financial advisers reported the bulk of their clients’ crypto holdings were outside their oversight.According to the results of a CoinShares survey released on Thursday,…

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