A wallet linked to the Coldcard thefts has started swapping stolen Bitcoin into Ether via THORChain, giving investigators a new trail while most of the funds still sit untouched. The move shows how cross-chain swaps can muddy the waters, but not make receipts vanish.
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Stablecoins are going mainstream: Circle is putting USDC on Chelsea’s shirt, Tether is facing a New York lawsuit over a $42.4 million freeze, and regulators are scrambling as digital dollars become both a payment tool and a power struggle.
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Chainlink’s Proof of Reserve is being tied to Wyoming’s FRNT, but the public details are still murky. The upside is clearer, more frequent reserve visibility; the catch is that Proof of Reserve improves transparency without proving solvency, custody, or the full legal setup.
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CME is suing the CFTC over its approval of Kalshi’s Bitcoin perpetual contract, arguing the agency overreached and reversed course without proper justification. The case could reshape how U.S. regulators classify crypto perps, and who gets to offer them onshore.
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BitGo is expanding in Singapore to strengthen its APAC presence and offer more institutional crypto services, from custody and staking to settlement and token management. The move underscores where serious crypto business is heading: regulated hubs, real infrastructure, and less nonsense.
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A stale Rain Solana card contract was exploited on Aug. 28, draining about $1.1 million in stablecoins before the attacker bridged funds to Ethereum and into Tornado Cash. It wasn’t a Solana breach or private-key theft — just bad contract security doing what bad contract security does.
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The CFTC wants a judge to toss CME’s challenge to KalshiEX’s bitcoin perpetual contract before the court reaches the bigger issue: are perps futures or swaps in a crypto trench coat? The case could shape how the U.S. regulates bitcoin derivatives and beyond.
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Michigan has blocked Kalshi from offering sports contracts to state users, with a court order backed by a potential $500,000-a-day fine if it doesn’t comply. The fight now centers on whether Kalshi’s products are regulated derivatives or illegal sports betting in disguise.
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Circle is pressing Washington to back dollar-backed stablecoins as a way to keep the US at the center of digital finance. The pitch is strong, but the real test is whether regulators can build sane rules that unlock utility without inviting reserve failures, depegs, and another crypto mess.
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Strategy CEO Phong Le is reportedly signaling that Bitcoin sales may be part of a flexible treasury play, not a sacred “never sell” rule. For MSTR holders, that means Strategy may buy, hold, and trim BTC as capital needs and market conditions change.
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