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In brief The Full Federal Court of Australia ruled that Block Earner’s crypto lending product was a fixed-term loan arrangement, not a financial product. An appeal from the regulator ASIC to impose penalties on Block Earner was dismissed. The decision sets a precedent for regulating crypto under existing Australian financial laws. The Full Federal Court […]

In brief Circle has launched a new payments platform to enable 24/7 real-time global money transfers using USDC and EURC stablecoins. The Circle Payments Network (CPN) aims to replace slow, costly cross-border payments with programmable, secure, always-on digital settlement. Backed by over 20 design partners, CPN targets invoice payments, remittances, treasury services and payroll. Circle,

In brief Publicly traded consumer products firm Upexi announced a $100 million funding round on Monday. The funds will primarily be used to establish and fuel a Solana treasury reserve. Shares in Upexi skyrocketed Monday, finishing the day up 335%. Publicly traded company Upexi plans to create a Solana corporate treasury, using more than $90

In brief –Strategy, purchased 6,500 Bitcoin last week, padding its corporate coffers by $556 million. –Tysons, Virginia-based MicroStrategy now owns 538,000 Bitcoin worth $46.8 billion. –Strategy said the acquisition was made using proceeds from two recent equity offerings. Strategy, formerly known as MicroStrategy, purchased 6,500 Bitcoin last week, padding its corporate coffers by $556 million,

In brief Over two-thirds of the crypto stolen in the Bybit hack remains traceable, the firm’s CEO said. 27.59% of the stolen funds has “gone dark.” The $1.4 billion hack by North Korea’s Lazarus Group was the biggest in crypto history. Over two-thirds of the $1.4 billion stolen in the largest crypto hack to date,

Key Takeaways Charles Schwab plans to launch direct spot crypto trading within 12 months. The firm has observed a 400% increase in traffic to its crypto-focused web content. Share this article Charles Schwab, a top US brokerage firm with over $10 trillion under management, plans to roll out spot crypto trading within the next 12

Armed with fake Zoom calls, stolen identities, and malware, North Korea’s Lazarus Group has allegedly expanded its crypto infiltration strategy, and the industry is starting to feel it. Kenny Li, co-founder of Ethereum layer-2 project Manta Network, said he was “targeted” in an elaborate Zoom phishing attempt by Lazarus Group in a tweet Thursday. 🚨

Asset manager VanEck has received approval from the U.S. Securities and Exchange Commission to list an exchange-traded fund tracking blockchain infrastructure builders and related assets.   The fund, called the Onchain Economy ETF, has a tentative debut of May 14, VanEck Head of Digital Assets Research Matthew Sigel said Thursday in a social media post. Boasting

The battle between state attorneys general and the U.S. Securities and Exchange Commission over crypto regulation just hit pause. On April 16, Judge Gregory Van Tatenhove of the Eastern District of Kentucky granted a 60-day stay in the case, citing the SEC’s own admission that “this case could potentially be resolved” due to a leadership