Author: James Wilson
A co-founder of the Forsage crypto investment platform has pleaded not guilty in a U.S. federal court after being extradited from Thailand in a case tied to an alleged $340 million Ponzi scheme. Summary Forsage co-founder Olena Oblamska has pleaded not guilty in a U.S. federal court after being extradited from Thailand. U.S. prosecutors alleged the Forsage crypto platform operated as a $340 million Ponzi scheme that left most investors with losses. Three other founders charged in the 2023 federal indictment remain outside U.S. custody. According to a notice released by the U.S. Attorney’s Office for the District of Oregon,…
Aave has restored borrowing against wrapped Ether across affected markets as the decentralized lending protocol continues recovering from the fallout tied to Kelp DAO’s April exploit. Summary Aave has restored wrapped Ether borrowing across affected markets as recovery efforts tied to the Kelp DAO exploit continue. Court approved transfers involving 30,765 ETH remain tied to an unresolved legal dispute linked to North Korean hacking allegations. Kelp DAO plans to discontinue rsETH bridging on several networks after June 15 while Aave liquidity conditions continue adjusting after the exploit. In a post published Sunday, Stani Kulechov said Aave had reinstated loan-to-value ratios…
Jump Crypto’s Firedancer has entered production on Solana mainnet and is now producing blocks, according to a CoinDesk report. Summary Firedancer has started producing Solana mainnet blocks after years of development by Jump Crypto engineers. Jump Crypto says validators should not switch at scale before full security audits are completed. The rollout adds client diversity to Solana while keeping caution around production network risks. The validator client has been one of Solana’s most watched infrastructure projects because it aims to add another independent software path for validators. Founding engineer Ritchie Patel said the client has processed tens of millions of…
Iran has responded to a U.S. list of conditions for a possible peace deal, according to reports shared by The Kobeissi Letter. Summary Bitcoin stayed near $78,000 as traders weighed Iran’s counterconditions and wider Middle East war risk. Crypto.news data showed Bitcoin up slightly daily, but still lower across the past week overall. Iran’s demands over sanctions, frozen funds and Hormuz kept oil-linked pressure on risk assets. Tehran’s stated demands include an end to the war on all fronts across the Middle East, the lifting of U.S. sanctions, the release of frozen Iranian funds, compensation for war damages, and recognition…
USDC users are again asking whether Circle should offer a clearer recovery process for mistaken token transfers. Summary USDC users are questioning Circle’s recovery options after claims of mistaken transfers to inaccessible contracts. Tether’s official recovery page says some mistaken USDT deposits may be reviewed case by case. Tether freezes far more stablecoin value than Circle across blacklist cases globally. The debate followed posts from users who said they sent USDC to addresses or contracts they could not access. One user, Weilin Li, asked on X whether Circle provides a service similar to Tether’s token recovery process after sending USDC…
Police from China, the United States and the United Arab Emirates carried out their first joint international law enforcement operation against telecom and online fraud in Dubai, according to Xinhua. Summary China, the U.S. and UAE reported their first joint crackdown on Dubai crypto romance scams. Authorities said nine fraud dens were dismantled and 276 suspects were captured in the operation. DOJ documents link similar networks to fake crypto platforms and millions in victim losses globally. China’s Ministry of Public Security said the operation dismantled nine fraud dens and led to 276 arrests. Investigators said the groups used social media…
The U.S. Department of Justice has charged German citizen Owe Martin Andresen over an alleged money laundering scheme tied to Dream Market, a darknet marketplace that shut down in 2019. Summary DOJ charged Owe Martin Andresen over alleged laundering tied to Dream Market administrator wallets. Prosecutors said dormant crypto wallets moved funds before purchases of gold bars shipped to Germany. Authorities seized $1.7 million in gold bars, cash and crypto-linked assets during searches. Prosecutors said Andresen was the suspected main administrator of the site. Meanwhile, the DOJ said Andresen was arrested in Germany last week on parallel German charges. U.S.…
CNN has renewed attention on Q-Day, the unknown future point when quantum computers may become strong enough to break common encryption systems. Summary Q-Day warnings renewed concern over encryption systems that protect internet traffic and crypto wallets today. Solana clients Anza and Firedancer already test Falcon signatures for future post-quantum network protection now. NEAR researchers warn quantum attacks could create ownership disputes if stolen assets move on-chain fast. The report said current internet security still depends on mathematical systems that a powerful quantum computer could one day crack. The concern also reaches crypto because many blockchains rely on public-key cryptography…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. DOGEBALL leads 2026 presale momentum as Poly Truth and Meme Punch compete for investor attention. Summary DOGEBALL leads trending crypto presales with gaming, payments, and a DOGECHAIN ecosystem built for real utility. The project’s presale has so far raised $287K+ after a 4 billion token burn, with staged pricing and growing investor demand. Traders are rotating into early-stage crypto presales like DOGEBALL amid broader market volatility. Looking for the absolute best opportunities in the web3 space can be overwhelming.…
XRP Ledger activity rose sharply after XRP briefly moved above $1.54 for the first time in two months, according to Santiment data shared on May 16. Summary XRP network activity hit two-month highs after price briefly reclaimed levels last seen in March. Spot XRP ETFs logged $60.50 million weekly inflows, their strongest week since late December 2025. ETF demand failed to hold the breakout as XRP slipped back below key resistance again. The analytics firm said active addresses reached 48,453, the highest level since March 30. Santiment also reported 3,317 new network addresses, the highest reading since March 19. The…