Latest Crypto News — Page 6

The latest developments in cryptocurrency, blockchain and digital finance.

UK Crypto Hub Vision Faces Test After Gemini Retreat

Gemini’s exit is testing the UK’s ambition to become a global crypto hub, with industry groups warning that slow, overlapping regulations and high compliance costs are pushing firms to jurisdictions that offer clearer and more predictable frameworks.

Bitcoin ETFs Draw New Capital as Early Holders Trim, Not Exit

Bitcoin ETFs pulled in $145 million in fresh inflows as outflows slowed, signaling that institutional demand may be stabilizing. Analysts say early Bitcoin holders are mostly trimming profits rather than exiting, with new institutional investors increasingly stepping in.

Australian court hits BPS Financial with $9.3M penalty over Qoin Wallet claims

Australia’s top financial regulator has won a decisive court ruling against BPS Financial over its Qoin Wallet product. The case reinforces ASIC’s hard line on unlicensed crypto activity and misleading claims. It also highlights how enforcement is tightening even as regulators selectively ease rules for compliant digital asset businesses.

Sen. Marshall pulls swipe fee amendment to smooth path for crypto market bill

Sen. Roger Marshall is backing off a swipe fee amendment that threatened to complicate a key crypto market structure bill. The move reflects growing pressure from the White House and party leaders to keep the legislation on track. Even without the amendment, the bill still faces a tight timeline and significant political hurdles.

Matcha Meta breach traced to SwapNet exploit drains up to $16.8M on Base

Matcha Meta users were urged to revoke approvals after a SwapNet contract exploit drained up to $16.8 million on Base, with security firms tracing the attack to a smart-contract flaw that allowed approved funds to be transferred, highlighting ongoing DeFi risks that are increasingly being exposed with the help of AI tools.

Kansas considers state-run digital asset reserve funded by unclaimed crypto

Kansas lawmakers are considering a state-managed Bitcoin and digital asset reserve funded through unclaimed crypto rather than direct purchases, a proposal that mirrors federal plans to rely on forfeited assets, builds on earlier Kansas crypto initiatives, and reflects a broader trend of governments cautiously testing Bitcoin’s role in public finance.

Thailand moves toward crypto ETF framework as institutional demand builds

Thailand’s SEC plans to introduce crypto ETF and futures regulations as institutional interest grows, with digital assets set to be recognized as an official asset class alongside portfolio limits and tighter rules for financial influencers, even as regulators step up enforcement, including the temporary suspension of KuCoin Thailand’s operations.