#DLNEWS News

Inside DeFi exchanges caught in North Korea’s $1.4bn laundering spree

dlnews.com The team at Chainflip had already called it a day when crypto exchange Bybit was hit by a record $1.4 billion heist. Initially, they weren’t too worried that the hacker…

Circle says stablecoin bill is key to ‘level playing field’

dlnews.com A version of this story appeared in our The Guidance newsletter on March 3. Sign up here. When it comes to dominance in the stablecoin market Circle has long played the…

Cardano flew 78% after Trump’s crypto reserve plan. Here’s what to expect next

dlnews.com Cardano proponents are buzzing in the wake of US President Donald Trump’s announcement to include the cryptocurrency in a proposed strategic crypto reserve alongside…

Elizabeth Warren’s takedown of stablecoin bill fails to sway fellow Democrats

dlnews.com A version of this story appeared in our The Guidance newsletter on March 17. Sign up here. Five Democrats. Of all the surprising things that happened in the crypto…

Ethereum’s $10,000 price goal is fizzling. Here’s where Standard Chartered sees the price

dlnews.com Ethereum’s heading into a tough year. That’s according to Standard Chartered, which just slashed its prediction on the second-largest cryptocurrency from $10,000 by the end…

Bitcoin on path to $500,000 after Trump reserve plan after worst month since 2022: Standard Chartered

dlnews.com On Sunday, Donald Trump paved the way for Bitcoin to hit $500,000 by sharing more details about his planned national crypto reserve. That’s according to UK bank Standard…

North Korean crypto thieves are mimicking terrible traders to bypass detection

dlnews.com Crypto thieves are pretending to be inexperienced traders — losing thousands of dollars on purpose — in a new method of laundering illicit funds. That’s according to two…

OKX freezes web3 platform after Bybit thieves launder $100m

dlnews.com OKX is not happy. In the latest twist in the $1.4 billion Bybit hack, OKX, the Seychelles-based crypto exchange, is scrambling to contain the fallout from reports the…

XRP whales pile in $464m as price record hopes soar

dlnews.com XRP whales have acquired $464 million worth of the Ripple-linked cryptocurrency this week, data from crypto analytics platform Santiment shows. It’s the second biggest wave…

Bitcoin maxis fume at Trump’s addition of altcoins to strategic reserve

dlnews.com On Sunday, President Donald Trump shook up the crypto community by making a YUGE adjustment to the nascent Bitcoin strategic reserve. The top cryptocurrency will now have to…

Trump’s crypto embrace ‘sowing the seeds’ of a financial crisis, says Bank of France chief

dlnews.com President Donald Trump’s sweeping embrace of the cryptocurrency industry is “sowing the seeds” of a financial crisis. That’s according to François Villeroy, the Governor of…

Teen gang faces felonies after pistol-whipping streamer in failed crypto robbery

dlnews.com Four teenagers have been arrested and charged in connection with the violent home invasion of Kaitlyn “Amouranth” Siragusa, a high-profile streamer and content creator. The…

House investigates Biden-era crypto debanking claims that FDIC was ‘closed for business’ on blockchain

dlnews.com The House Oversight Committee is investigating whether the Biden-era Federal Deposit Insurance Corporation discouraged banks from engaging with crypto businesses. Lawmakers…

Circle’s slow response to freeze Bybit hack funds fuels ‘bad actor’ accusations

dlnews.com Circle CEO Jeremy Allaire is being criticised for allegedly delaying freezing USDC stablecoins linked to the $1.5 billion Bybit hack. Blockchain investigator ZachXBT called…

TON price pops 20% after Telegram CEO granted travel pass from France

dlnews.com French authorities have granted Telegram founder and CEO Pavel Durov temporary permission to leave the country, loosening his restrictions under an ongoing criminal…

Canada’s next prime minister race a dead heat between a Bitcoin advocate and CBDC backer

dlnews.com Canada’s next prime minister could be a staunch Bitcoin supporter — or someone who favours government-backed digital currencies. The race between Liberal Party leader Mark…

Trump’s first crypto summit comes on the heels of $1 trillion market rout

dlnews.com The crypto market is licking its wounds after a $1.2 trillion wipeout. Over the past month, digital assets have steadily bled value, but the downturn accelerated this past…

Arthur Hayes sees Bitcoin bottoming before equities, then surging to $250,000. ‘They always print money’

dlnews.com Bitcoin’s 22% drop from its January peak has reignited debate over its role as a hedge against financial turmoil. While gold has soared to $3,000 per ounce, Bitcoin has…

These two states are racing to the Bitcoin reserve finish line while others bow out

dlnews.com Arizona and Utah are leading the push for state-level Bitcoin reserves, advancing key legislative proposals while similar efforts in other states have stalled. In Utah, a…

US investors missed out on billions in airdrops, according to crypto VC firm

dlnews.com US regulators’ crypto crackdown has cost the country half a billion in foregone tax revenue and its residents billions more in unclaimed, airdropped tokens, according to a…

BlackRock says new Bitcoin ETF allocation to win investors with ‘higher risk budget’

dlnews.com BlackRock, the largest global asset manager, announced today it would be adding allocations of its iShares Bitcoin Trust exchange-traded fund, or IBIT, to a small number of…

Why a16z is slow to deploy $4.5bn crypto fund raised three years ago

dlnews.com Andreessen Horowitz, the Silicon Valley venture capital giant, is in an unusual spot — it’s flush with cash but struggling to deploy billions of “dry powder” in promising…

Bitcoin dominance of crypto hits four-year high. Here’s what it means for prices

dlnews.com In rocky markets, spooked investors tend to flock to the safety of gold. In rocky crypto markets, they flock to the crypto version of a haven: Bitcoin. Those moves have made…

Searching for causes of 25% market crash, experts agree on one thing: ‘the Trump pump has vapourised’

dlnews.com In December, crypto was riding high as the incoming Trump administration promised an end to Washington’s crackdowns and an influx of capital from institutional players. The…

Bets on XRP reaching record price just swerved

dlnews.com Crypto bettors are no longer bullish about XRP, at least not in the short term. Data from the crypto prediction platform Polymarket shows bettors put the chances of XRP…

Bitcoin seen falling as low as $69,000 as ‘panic selling’ risk continues

dlnews.com Bitcoin fell below $79,000 on Friday, but the crypto wipeout isn’t over yet. That’s according to Geoffrey Kendrick, head of crypto research at UK bank Standard Chartered. He…

Solana rejects proposal to slash $3.5bn expense as community dubs vote ‘major victory’

dlnews.com On Thursday, Solana stakeholders rejected a proposal to lower the $3.5 billion in tokens granted to stakers each year. Proposal SIMD-0228 sought to reduce the amount of…

Crypto crash wipes millions from Coinbase, Strategy stocks as Trump trades flip

dlnews.com The crypto crash has wiped out over 40% of Strategy and Coinbase’s stock price as the industry has taken a hammering — and they are not alone. The plunges come as the total…

North Korea laundering $1.5bn Bybit hack at ‘unprecedented rate’

dlnews.com The North Korea-affiliated hacker who stole $1.5 billion in Ether from crypto exchange Bybit has been laundering the token at an “unprecedented rate,” according to security…

Bitcoin shorts win big payday as bearish bets mount to $264m

dlnews.com Traders who piled into bearish bets on Bitcoin’s price are winning a payday amid a shock plunge that dragged the top cryptocurrency to its lowest price since the start of…

Trump should scrap Bitcoin reserve for ‘enriching president and donors,’ lawmaker says

dlnews.com It’s been called “the dumbest idea ever.” It was so bad, Federal Reserve officials almost kicked people out of the room for suggesting it, Perianne Boring, the CEO of The…

Why the SEC says memecoins are more like Beanie Babies than securities

dlnews.com Memecoins aren’t just useless. They also aren’t securities, the US Securities and Exchange Commission said on Thursday. In a memorandum, the SEC explained that memecoins —…

Senate advances ‘critical’ stablecoin bill despite Democrat reservations over money laundering and Big Tech

dlnews.com Stablecoin legislation cleared a major hurdle Thursday, advancing to the full US Senate after a bipartisan vote in the chamber’s banking committee. Five Democrats joined the…

SEC dismisses lawsuit against MetaMask developer Consensys

dlnews.com The US Securities and Exchange Commission has dropped its lawsuit against Consensys, the developer of the popular MetaMask crypto wallet, the company said on Thursday.…

MetaMask will let users hold Bitcoin and Solana in wallet revamp

dlnews.com One of the industry’s oldest crypto wallets is getting a major facelift. On Thursday, Dan Finlay, the co-founder of MetaMask, took the stage at an industry event in Denver…

BlackRock’s BUIDL fund blows past $1bn as tokenised treasury sector hits record high

dlnews.com A year after its launch, investors have poured more than $1 billion into BlackRock’s tokenised treasury fund, BUIDL. Issued by the $12 trillion asset manager and crypto firm…

Democrats introduce MEME Act, saying Trump rug pulled 800,000

dlnews.com California Democrat Sam Liccardo said a group from his party will introduce a bill to ban top officials — and their family members — from capitalising on personal memecoins.…

Ripple forms partnership with UAE day after Binance’s AI deal in Gulf state

dlnews.com One day after Binance sealed a deal with the United Arab Emirates, Ripple has formed its own relationship with the wealthy tax haven in the Persian Gulf. Ripple, which…

How Euler overcame ‘fragilities’ and came back from a $200m hack

dlnews.com Transactions are irreversible. The code is public. It’s little wonder hackers find DeFi protocols among the most vulnerable and lucrative targets. And most protocols that…

These five Saylor copycats are getting crushed by Bitcoin’s price slump

dlnews.com For Michael Saylor, piling into Bitcoin worked. The chair and co-founder of Strategy got in early, buying up the asset since 2020 and sitting on about $9 billion in gains.…

XRP ETFs seen luring up to $8bn. Bitwise, JPMorgan and three other experts weigh in

dlnews.com Spot XRP exchange-traded funds could draw in $800 million in their first week and up to $8 billion in their first year of trading — not to mention pump the Ripple-linked…

Billionaire Justin Sun wins reprieve as SEC pauses fraud case

dlnews.com Justin Sun, the billionaire founder of Tron and adviser to President Donald Trump’s crypto venture World Liberty Financial, just got relief from a major legal headache. On…

Bitcoin ETF meltdown nears $1bn

dlnews.com Investors have been dumping Bitcoin exchange-traded funds. It’s been brutal. On Monday, JPMorgan found that Fidelity and BlackRock led the Bitcoin ETF investor exodus, which…

Tether and Circle’s business model at risk as PayPal, big banks pour into stablecoin market: PitchBook analyst

dlnews.com Traditional finance giants are staring down the $235 billion stablecoin market — and getting ready to take over. That’s according to Robert Le, senior analyst at venture…

Bitcoin buyers should ‘stay patient,’ says Standard Chartered analyst

dlnews.com Bitcoin exchange-traded funds were haemorrhaging almost $1 billion Tuesday, but investors betting on a rebound should stay patient, according to Geoff Kendrick, head of…

Bank of America CEO says it’s ‘pretty clear’ lending giant will develop a stablecoin

dlnews.com Fintechs embraced crypto long ago, then Wall Street asset management firms did the same by rolling out Bitcoin ETFs last year. Now it’s the banks’ turn. On Tuesday, Brian…

Hack of wallet provider is behind $1.4bn Bybit theft, investigation finds

dlnews.com An investigation by cyber security firm Sygnia has traced the cause of Bybit’s $1.4 billion hack to the popular multi-signature wallet provider Safe Wallet. The…

Binance bags $2bn investment from Abu Dhabi-linked MGX

dlnews.com Binance just announced that it has raised a $2 billion investment from MGX, an investment firm linked to the Abu Dhabi government. The crypto exchange’s official release…

Robinhood stock to double despite crypto slump, says Morgan Stanley

dlnews.com Morgan Stanley expects Robinhood’s shares to almost double in value as the fintech leverages the current crypto chaos to take market shares from rivals. That’s according to…

Jupiter investors chafe at DAO plan to dish out $140m to team members

dlnews.com Jupiter DAO, the digital collective behind Solana’s biggest decentralised exchange aggregator, voted on Monday to give the project’s creator a bigger stake in the project.…

Democrats slam stablecoin bill as giveaway to Musk, Big Tech, and ‘crypto bros’

dlnews.com Democrats on Tuesday decried a Republican-led stablecoin bill as a handout that would empower Elon Musk and “crypto bros” at the expense of retail traders and national…

Ethereum Foundation leadership reshuffle baffles industry

dlnews.com Aya Miyaguchi is transitioning away from her role as the Ethereum Foundation’s executive director amid an ongoing leadership shakeup at the non-profit organisation. In a…

Bitcoin’s price will pump thanks to AI and robotics, says Ark Invest

dlnews.com Cathie Wood’s investment firm Ark Invest is optimistic on Bitcoin despite the market taking a nosedive in March. On Tuesday, the firm, which has $6 billion in assets under…

Fintechs are poised to build blockchains in blow to DeFi, VanEck says

dlnews.com Ethereum, Solana, Arbitrum... These are just three of the well established blockchains in decentralised finance supporting a panoply of projects. And yet Big Tech is poised…

Hyperliquid denies hack after mysterious trader nets $1.8m on Ethereum position

dlnews.com Investors in Hyperliquid’s market maker instrument are down $4 million on Wednesday morning, sparking fears that the trading platform had been exploited. A trader, whose…

Bitcoin crash just ‘another opportunity’ as price heads to $200,000, Bernstein says

dlnews.com Bitcoin will reach $200,000 despite this week’s crash. Bernstein offered that prediction after Donald Trump’s threatened tariffs against Canada and Mexico triggered the…

Bitwise highlights four crypto trends amid death of ‘memecoin carnival’

dlnews.com The high-pitched whooshing sound crypto investors heard this week wasn’t just their portfolios in free fall. It was also the last gasp of the industry’s notorious memecoin…

The chances of an XRP ETF just jumped as Franklin Templeton seeks fund approval

dlnews.com Polymarket bettors are sold — the US Securities and Exchange Commission will approve an exchange-traded fund for XRP this year. Or, that’s what the wagering shows. On…

$1.6tn asset manager Franklin Templeton joins race to launch XRP ETF

dlnews.com Franklin Templeton is joining the growing list of issuers vying to launch the industry’s first spot XRP exchange-traded fund. On Wednesday, the $1.6 trillion investment…