Treasury Secretary Scott Bessent confirmed the government may still expand its Bitcoin (BTC) holdings on Aug. 14, backtracking remarks made a few hours earlier. Bessent had told reporters during a television interview in the morning that the Strategic Bitcoin Reserve would remain at its current level. He said the reserve would consist of approximately $15 […]
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Hong Kong’s financial regulators cautioned investors to avoid making impulsive bets on stablecoin-linked assets after a spate of sharp price swings tied to speculation, corporate announcements, and unverified claims about licensing plans in the city. In a joint statement, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) said they had […]
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The U.S. Treasury’s Office of Foreign Assets Control sanctioned multiple companies and individuals accused of using stablecoins to help Russia skirt international sanctions tied to its war in Ukraine on Aug. 14. The designations target both Russian-linked businesses and foreign intermediaries alleged to have facilitated large-scale cross-border transactions for sanctioned entities. The move highlights OFAC’s […]
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Tron founder Justin Sun has filed a lawsuit against Bloomberg, accusing the media outlet of unlawfully disclosing his private financial information in its Billionaires Index profile. In an Aug. 11 court filing, the crypto billionaire alleged that Bloomberg intended to “recklessly and improperly” publish highly confidential and proprietary details about his crypto holdings. He argued […]
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Ethereum’s staking network is under sustained withdrawal pressure, with the validator exit queue experiencing its longest wait time over the past month. Data from the Validator Queue shows that, as of Aug. 14, stakers face an average of 12 days before they can fully withdraw their funds, a sharp departure from the typical sub-day turnaround. […]
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Turkish crypto exchange BtcTurk has been targeted by a major cyberattack, which resulted in the theft of roughly $48 million in digital assets. On Aug. 14, blockchain security firm Cyvers reported that the stolen funds were moved across multiple networks, including Ethereum, Avalanche, Arbitrum, Base, Optimism, Mantle, and Polygon. Most of the assets were transferred […]
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