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Terraform Labs (TFL), the company behind the collapsed stablecoin TerraUSD (UST), announced on Friday that its Crypto Loss Claims Portal will open on Monday, March 31, 2025. This move represents the company’s efforts to manage creditor claims following the dramatic UST failure in 2022, which wiped out billions and drove Terraform into bankruptcy proceedings. Further,…
The Sei Foundation, the nonprofit behind the Sei blockchain, said Thursday that it is considering acquiring bankrupt genomics firm 23andMe. The goal, it said, is safeguarding genetic privacy for 15m Americans by securing their data on blockchain. 23andMe, launched in 2006, became popular for affordable at-home genetic testing kits. These kits offer users insights into…
The US Justice Department announced Thursday that it has seized $201,400 in crypto traced to fundraising addresses controlled by Hamas, marking a targeted strike against the group’s financing network. According to a statement, investigators identified the seized funds as Tether (USDT) that flowed through addresses used to launder more than $1.5m in virtual currency since…
A lawmaker in Kazakhstan has told the government it should create a “crypto bank” that could act as a legal exchange and custody platform. Per a report from the Russian-language, Kazakhstan-based news outlet Tengri News, the call came from Azat Peruashev. The latter is a member of the Mäjilis, the Kazakh lower house of parliament….
The US SEC has dismissed the case against Crypto.com, which was previously accused of regulatory overreach, without any enforcement actions. CEO Kris Marszalek wrote on X that the probe has been closed “with no action being taken against Crypto.com.” “The fact that we not only persevered but became stronger is a testament to our vision…
The short-term Elliott Wave perspective for Dow Futures (YM) indicates that the wave IV pullback concluded at 40725, as illustrated in the 1-hour chart below. The Index has begun to climb in wave V. However, it must still surpass the prior peak of 45227, set on January 31, 2025, to eliminate the possibility of a…
Shares of GameStop surged nearly 12% on March 26 after the retailer announced it would allocate proceeds from a $1.3 billion convertible notes offering toward Bitcoin investments. The company’s revised investment policy now permits a portion of its corporate treasury and future borrowings to be invested directly into Bitcoin and stablecoins. Despite declining net sales,…
Key Takeaways: The uneven drop may signal a shift toward coins with stronger on-chain resilience. Deep altcoin dips could spark a reevaluation of risk, prompting a realignment of strategies. Investors might soon favor assets with stable fundamentals and robust network support. The top five cryptocurrencies by market capitalization lost a combined $659 billion between January…
The Bitcoin-keen Japanese game developer Gumi has announced it will hold a $106,000 BTC lottery event for new shareholders. Per a Gumi press release and a report from the Japanese-language media outlet CoinPost, the company will hold the lottery as a “perk” for shareholders investing in the Tokyo Stock Exchange-listed company. Gumi: BTC Lottery for…
Key Takeaways: A new card connects crypto payments with daily commerce, easing the shift between digital funds and traditional money. Built on a Solana-based protocol, it simplifies activation and everyday use. The model bypasses standard ID checks to protect user data. It joins a growing trend of merging digital finance with conventional payment methods. Zebec…