“We have identified you, sir,” NEAR Intents general manager Alex Shevchenko said on Friday after the protocol was hacked for $3.8 million. NEAR Intents said it has identified the individual behind a security breach that resulted in the loss of $3.8 million in user funds on Thursday, giving them 48 hours to return the funds…

Custody requirements have kept some investment advisers from offering certain crypto to clients, a regulatory hurdle the SEC’s proposal could remove. The US securities regulator has proposed easing rules governing how investment advisers and funds hold crypto, potentially clearing a regulatory hurdle that has held some businesses back from offering clients digital asset investments. The proposal,…

Singapore’s crypto economy grows 55%, South Korea set to make crypto market makers legal, and Chinese spy ministry warns would-be foreign spies it’s watching the blockchain. CHINAChina’s Ministry of State Security has toughened its rhetoric on the risks of cryptocurrencies, highlighting their role in crime and stressing transactions are not really anonymous.According to the South China…

Evernorth expects to begin trading on Nasdaq under the ticker XRPN after its SPAC merger closes, with an XRP treasury worth roughly $710 million at current prices.Evernorth is set to become a publicly traded XRP treasury company after shareholders of blank-check firm Armada Acquisition Corp. II approved their proposed business combination.The deal is expected to…

The president is scheduled to appear at his golf club in Washington, DC, at a Nov. 22 dinner for his top 185 memecoin holders, following similar events in May 2025 and April 2026.The group behind US President Donald Trump’s memecoin announced that he will appear at a third event for his top tokenholders weeks after…

A 50,000-letter campaign is pressing Brussels to rethink stablecoin rewards as EU central banks seek broader changes to MiCA’s stablecoin rules. More than 50,000 Europeans have urged the European Commission to loosen restrictions on stablecoin rewards as part of its review of the bloc’s Markets in Crypto-Assets (MiCA) framework, according to crypto advocacy group Stand…

State officials agreed to delay the 0.2% crypto tax for six months after lawsuits and industry pushback claimed the bill was rushed through the legislature.Crypto advocacy organizations behind a lawsuit opposing Illinois’ Digital Asset Tax reported that state officials agreed to delay implementation by six months.In a Thursday filing in the circuit court of Sangamon…

The agreement will allow the two state regulators to share supervisory information, streamline licensing reviews and coordinate examinations and enforcement actions involving digital asset firms.New York and Wyoming financial regulators have signed an agreement to coordinate oversight of crypto companies operating across both states, including licensing, examinations and potential enforcement actions.The Memorandum of Understanding (MOU),…

US bond yields fell sharply around Thursday’s Wall Street open as Bitcoin price action sought to preserve a local trend of higher lows.Bitcoin (BTC) pushed above $84,000 around Thursday’s Wall Street open as US bond yields retreated after setting more multidecade highs.Key points:Data from TradingView showed BTC/USD preserving a pattern of higher lows on hourly…

The platform said it will compensate users affected by the hack, which stemmed from a bug that affected deposits and withdrawals.Cross-chain protocol NEAR Intents reported a security breach that resulted in the loss of $3.8 million in user funds.In a Thursday X post, the protocol said that the incident was the result of a “bug…