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Thai authorities have dismantled a $15 million scam ring accused of targeting over 870 South Koreans through an elaborate network of crypto, romance, and fake lottery schemes. Key Takeaways: Thai and South Korean police arrested 33 members of a $15M scam ring targeting over 870 South Koreans. The group used a mix of crypto fraud,…

Changpeng Zhao is weighing a future opening of his $10b investment vehicle to outside capital at a later stage, as YZi Labs, the firm spun out of Binance in January, gauges timing and builds out new teams. YZi Labs manages Zhao’s wealth along with funds from a small circle of early Binance executives, including co-founder…

South Korean crypto exchange Bithumb has signed a strategic partnership with World Liberty Financial, the Trump-affiliated crypto venture, on Monday. Per an official statement released Tuesday, the partnership will help foster global DeFi growth. Further, the deal aims to explore new business opportunities in the DeFi sector and strengthen global investor confidence. “This collaboration with…

Crypto asset manager DBA has proposed cutting the total supply of HYPE by 45% in a bid to overhaul the tokenomics of decentralized derivatives exchange Hyperliquid. Key Takeaways: DBA has proposed a 45% reduction in HYPE’s total supply to improve tokenomics and investor confidence. The plan includes burning 442 million tokens and removing HYPE’s 1…

CleanSpark said Monday it secured a new $100m credit line from Coinbase Prime, extending the miner’s existing arrangements with the exchange and adding fresh liquidity for expansion. The facility is backed by CleanSpark’s Bitcoin holdings and aims to fund “accretive growth using non-dilutive financing,” Gary A. Vecchiarelli, CFO at CleanSpark, wrote in a statement. The…

The short-term Elliott Wave analysis for Silver (XAGUSD) indicates a robust impulsive rally that began on July 31. From that low, the metal surged, completing wave 1 at $38.73, followed by a corrective pullback in wave 2 that concluded at $36.94. The upward momentum resumed in wave 3, which peaked at $42.96, as illustrated on…

The crypto market lost altitude on Tuesday, slipping 2% to about $3.9 trillion as Bitcoin fell toward $112,000 and erased the week’s gains, with roughly $1.7 billion in liquidations accelerating the sell-off as leveraged positions unwound. Bitcoin was last down about 1.8% near $112,561, while Ethereum fell 3.3% to $41,197, BNB dropped 4% to $991.3,…

Royal Bank of Canada., (RY) operates as diversified financial service company worldwide. It operates through personal finance, commercial banking, wealth management & Insurance segments. It comes under Financial services sector & trades as “RY” ticker at NYSE. As discussed in the last article, RY extends impulse sequence against April-2025 low. Currently, it favors rally in…

Cheongju, the capital and largest city of South Korea’s North Chungcheong Province, says it has seized crypto from 203 residents since 2021. The South Korean news agency Yonhap reported that city authorities say the residents all failed to pay their local taxes. The city also announced that it has opened a trading account on an…

Bitcoin trades at $112,737, down 2.34% in the last 24 hours, with a market cap of $2.24 trillion and daily turnover above $70 billion. Despite the dip, the narrative around institutional adoption remains strong. Ethereum briefly stole the spotlight after BitMine Immersion, led by Tom Lee, purchased $1.1 billion worth of ETH, making it the…