Bitcoin ETFs approach $1B in 7-session inflow run

US spot Bitcoin ETFs recorded $69 million in inflows on Wednesday, extending their inflow streak to seven sessions and bringing total inflows during the period to nearly $1 billion Source link

South Korea’s largest bank to launch payment service on JPMorgan’s Kinexys

South Korea’s largest lender will use JPMorgan’s blockchain platform to support US dollar cross-border payments for import and export businesses across 10 countries. Source link

Thailand SEC Files Complaint Against Bitkub Over 2021 Hack Reporting

Thailand’s crypto industry is facing fresh regulatory scrutiny after authorities accused Bitkub, one of the country’s largest digital asset exchanges, of providing false information to regulators. Thailand’s Securities and Exchange Commission (SEC) filed a criminal complaint against Bitkub Online and two former directors over alleged false reporting connected to a 2021 cyberattack, the regulator announced…

BitMEX to Shut Down Crypto Exchange After 11 Years

BitMEX, one of the pioneers of cryptocurrency derivatives trading, announced it will shut down operations after owner and operator HDR Global Trading Limited decided to close the company following a strategic review. BitMEX announced Thursday that it will stop exchange services on Sept. 23, 2026, at 04:00 UTC and urged users to close positions and…

North Korea arrests hackers accused of laundering stolen bank funds through crypto

North Korean authorities arrested former military hackers accused of stealing state funds from two banks and laundering the proceeds through cryptocurrency. The group, according to a Daily NK report citing an anonymous source in Pyongyang, allegedly breached the internal systems of the Central Bank of the DPRK and Foreign Trade Bank, diverted foreign currency and…

Bitcoin advocacy group to join US State Department’s ‘digital freedom’ program

The Bitcoin Policy Institute and three partner organizations will be able to send employees to work alongside State Department officials to address issues including digital freedom. Source link

Bitcoin’s Price May Have Bottomed, Says Grayscale’s Pandl

Crypto-focused asset manager Grayscale said that Bitcoin’s price may have bottomed earlier than the traditional four-year cycle, which would imply a cycle low in September or October.  Grayscale’s head of research, Zach Pandl, argued that Bitcoin (BTC) has “grown up” as an asset and is increasingly driven by macroeconomic factors.  “If the Fed forgoes rate…

Russia’s largest bank Sberbank plans crypto trading infrastructure by December

Russia’s largest bank, Sberbank, plans to build cryptocurrency trading infrastructure and launch a digital depository by Dec. 1 as Russia moves to bring crypto trading, custody and settlement into its regulated financial system. The depository, according to Interfax, will record clients’ ownership of cryptocurrency and process most transactions outside the underlying blockchain. Sberbank will operate…

India’s IFF Calls BitChat GitHub Takedown Unconstitutional

India’s Internet Freedom Foundation (IFF) has condemned a government order directing GitHub to remove repositories for Jack Dorsey’s decentralized messaging app BitChat, calling the move unconstitutional and warning it threatens free speech and open-source software. The statement came a day after India’s cybercrime agency ordered GitHub to disable access to three BitChat repositories within three…

BitMEX Users Seek 623 BTC in Liquidation Fraud Suit

[Update 07:24 UTC, July 24: Adds BitMEX response in fifth paragraph.] BitMEX is facing a class action lawsuit accusing the crypto derivatives platform of fraudulently engineering customer liquidations to seize traders’ Bitcoin collateral. On Thursday, BKX Services Inc. and David Namdar filed the complaint in the US District Court for the Southern District of New…