South Korean Funeral Company Faces $33M Unrealized Loss on Leveraged Ether ETFs

South Korean funeral service company Bumo Sarang is sitting on roughly 49.3 billion won ($32.7 million) in unrealized losses after investing about $40 million in customer funds into leveraged crypto exchange-traded funds (ETFs). Bumo Sarang invested in the T-REX 2X Long BMNR Daily Target ETF (BMNU), which doubles the daily returns of Ether (ETH) treasury…

Estonia Suspends Zondacrypto Operator License

A European regulator has partially suspended the operating license of the company behind troubled crypto exchange Zondacrypto. The Financial Intelligence Unit (FIU) of Estonia partially suspended the license of BB Trade Estonia OÜ, operating under the Zondacrypto brand, according to a statement on Monday. According to the FIU, the company is now barred from accepting…

Swan Bitcoin Faces Nearly $1B Lawsuit Over Prime Trust Transfers

The post-bankruptcy trust for Prime Trust has filed suit against Swan Bitcoin, alleging the Bitcoin services company exploited insider knowledge to pull nearly $1 billion in assets from the custodian days before its collapse. The complaint, filed in Delaware bankruptcy court, accuses Electric Solidus, the corporate entity behind Swan, of receiving over $24.6 million in…

SEC Exemption Tokenized Stock Trading: Report

The US Securities and Exchange Commission is reportedly making an “innovation exemption” for blockchain-based tokenized trading of public companies, even those that don’t consent to the third-party tokens tracking their share prices. Bloomberg reported on Monday that the exemption could come as early as this week, expanding the trading of public companies beyond traditional stock…

Ethereum Foundation Sees 2 More High-Profile Departures

The Ethereum Foundation saw the resignations of two top researchers on Monday, bringing the total number of high-profile departures at the organization to at least eight in recent months. Julian Ma and Carl Beek, both researchers at the Ethereum Foundation, ended their respective four and seven-year tenures at the organization. Ma contributed to Ethereum’s censorship-resistant…

Echo Protocol suffers $76 million exploit in eBTC minting attack on Monad

The Bitcoin-focused DeFi protocol suffered an attack whereby about 1,000 unauthorized eBTC $77 million were minted on the Monad blockchain Source link

US Lawmakers Push Permanent CBDC Ban in Housing Bill Debate

A pair of Republican lawmakers is calling for a permanent ban on a US central bank digital currency (CBDC) to be enshrined in the 21st Century ROAD to Housing Act, as the measure is expected to come up for a vote in the US House this week.  The bill released by the US Senate Committee…

Binance Retail Investor Bitcoin Inflows Drop By 73%, What’s Next for BTC?

Bitcoin (BTC) retail investor activity on Binance has fallen to its lowest level in history. Retail BTC inflows on Binance now average near 314 BTC per month in 2026, down sharply from the 1,200 BTC range recorded in March 2024. Bitcoin’s recovery in May also slowed as spot inflows on Binance weakened, with the 30-day…

Odds against Interest Rate Cuts High as New US Fed Chair to be Sworn in

Kevin Warsh is set to be sworn in as the next chair of the US Federal Reserve Board of Governors on Friday amid speculation about whether he’ll do what US President Donald Trump hopes he does: Lower interest rates once in office. On Wednesday, the US Senate voted largely along party lines to confirm Warsh…

SEC to propose tokenized stock framework as Wall Street efforts deepen: Bloomberg

The U.S. Securities and Exchange Commission is reportedly poised to release a major crypto proposal as it seeks to institute its digital assets agenda. Source link