Author: James Wilson

A Chinese national has been extradited from the Netherlands to Los Angeles over an alleged Cambodia-based crypto investment scam that targeted 174 identified Americans and moved more than $36.9 million through a Bahamas bank account. Summary Zheng Zhao was extradited from the Netherlands over an alleged crypto scam targeting 174 Americans. Prosecutors allege more than $36.9 million passed through a Bahamas bank before conversion into USDT. Zhao faces a money-laundering conspiracy charge carrying a maximum sentence of 20 years if convicted. Eight co-conspirators have pleaded guilty, with two receiving prison sentences of 51 and 46 months. The U.S. Department of…

The Bitget hacker has moved $19.48 million in 52 transfers, almost entirely in Bitcoin, as Arkham tracks fresh outflows from wallets linked to the exchange’s September breach. Summary Arkham tracked $19.48 million across 52 transfers, with Bitcoin accounting for $19.33 million. Hacker-linked wallets sent $78.01 million to new addresses between Oct. 15 and Oct. 23. Arkham valued remaining labeled holdings at $242.54 million, mostly held in Bitcoin. The latest transfers’ destinations remain unidentified, leaving potential laundering unconfirmed. Arkham put the transfers between 10:02 UTC on Oct. 21 and 02:48 UTC on Oct. 24, with Bitcoin accounting for $19.33 million and…

Arthur Hayes has said he has closed Maelstrom’s directional trading book, citing macroeconomic and geopolitical risks, as Lookonchain has reported $22.28 million in sales across Ethereum and six other tokens. Summary Arthur Hayes says he closed Maelstrom’s directional book amid macroeconomic and geopolitical uncertainty. Lookonchain reported $22.28 million in sales across ETH, ENA, UNI, ETHFI, AERO, PENDLE and ZAMA. Ethereum accounted for approximately 68% of the reported sales, totaling 6,400 ETH worth $15.2 million. Hayes plans to remain on the sidelines, reversing Maelstrom’s previously declared maximum-risk positioning. Lookonchain identified 6,400 ETH as the largest component of the transactions in an…

In this week’s edition of the weekly recap, US regulators finalized stablecoin rules under the GENIUS Act, Bitcoin lost ground after a sharp reversal in ETF flows, and Solana activated Alpenglow. Corporate Bitcoin financing, institutional custody deals, and Ethereum’s postponed testnet upgrade also shaped crypto.news coverage for Oct. 18–24. Summary Jan. 18, 2027, is the effective date for the OCC’s final GENIUS Act stablecoin rules. $635.49 million left US spot Bitcoin ETFs on Oct. 22, ending three consecutive inflow sessions. Solana activated Alpenglow on Oct. 21, targeting roughly 150-millisecond finality with its new consensus system. Strategy increased its Bitcoin holdings…

Crypto and crypto-linked companies announced $1.7626 billion across eight disclosed financings during Oct. 17–23, 2026, led by Tenstorrent’s $1.5 billion Series E. Summary Eight disclosed financings totaled $1.7626 billion during the Oct. 17–23 reporting period. Tenstorrent closed a $1.5 billion Series E at a $6.2 billion post-money valuation. Whop raised $200 million from Sequoia and Shopify Ventures for expansion and product development. Robinhood Ventures Fund I disclosed a $30 million preferred-stock investment in US bank Erebor. Tether backed Tenstorrent, led Mural’s Series A and led Peso’s undisclosed pre-seed round. Crypto Fundraising, DeFiLlama and DropsTab provided the deal inventory, checked against…

Since November 2025, Bitcoin’s price movements have not inspired much confidence among investors. However, long-term investors still believe that this leading cryptocurrency will eventually return to its peak, especially after Bitcoin recently broke through the $84,000 mark. In the meantime, retail investors are looking for solutions that offer cryptocurrency mining opportunities so they can earn passive income while waiting for Bitcoin’s long-term price momentum to accelerate. UE Crypto is one of the many service providers attracting investors’ attention. As a remote cryptocurrency mining platform, UE Crypto promises users a simple and easy-to-use experience, as well as multiple contract types and…

Argentine President Javier Milei has named five journalists in an attack on LIBRA coverage and asked who will compensate him for alleged damage to his reputation after a judge dismissed the criminal case against him. Summary Five journalists were named in Milei’s statement attacking coverage of the LIBRA investigation. Argentina’s dismissal covered Milei, his sister Karina, and nine other defendants. Journalist Hugo Alconada Mon reported that some investigative measures remained incomplete before the dismissal. A separate U.S. class action ended in September, before Argentina’s latest ruling. La Nación reported that Milei published the remarks on X on Oct. 23, accusing…

Bitcoin Core has changed its security disclosure policy after developers found that some vulnerabilities can be rediscovered with minimal effort, including a simple prompt to an AI model. Summary Bitcoin Core merged its revised security policy on October 22, adding a fast disclosure route for flaws that are easy to rediscover. The new route promises a fix for each of the three maintained major versions alongside a public advisory. Other low severity bugs remain on a two week disclosure schedule after a major release, while medium and high severity flaws may wait longer. Version 32.0’s notes identify three medium or…

Bitcoin whale accumulation claims have gained traction after Lookonchain reported that 40 newly created wallets withdrew 9,458 BTC, valued at $771.5 million, from Wintermute since Oct. 1. Summary Lookonchain reported 40 new wallets withdrew 9,458 BTC from Wintermute since Oct. 1. The $771.5 million valuation implies $81,571 per BTC, without confirming actual purchase prices. Lucky cited a separate 32,380 BTC daily inflow, described as the largest since April. Crypto Rover promoted Bitcoin’s support band as a buying signal without specifying an invalidation level. Lookonchain described the movements as whale accumulation, while the reported figures document transfers to new addresses without…

NFT sales climbed 66.58% to $76.56 million over the seven days to Oct. 24, as Bitcoin led blockchain volume and the $X@AGI BRC-20 NFTs collection recorded more than $25 million in sales. Summary $76.56 million in weekly NFT sales marked a 66.58% increase over the preceding seven days. Buyer addresses increased 46.38% to 156,715, while transactions rose 35.05% to 764,169. Ethereum ranked second with $24.64 million in sales, up 32.59% over the comparison period. Bitcoin sales jumped 268.06% to $31.07 million, accounting for roughly 41% of weekly volume. $X@AGI led collections with $25.09 million across three transactions, three buyers and…