Author: James Wilson

Bybit has sued North Korea, its intelligence agency and the Lazarus Group in a U.S. federal court as the exchange seeks to recover assets stolen in the record $1.5 billion crypto hack. Summary Bybit filed its case against North Korea, the RGB and Lazarus Group in Washington, D.C. A federal judge issued a preliminary injunction freezing certain stolen assets held by unidentified defendants. The FBI previously attributed the $1.5 billion February 2025 attack to North Korean actors. Bybit said the civil case remains separate from ongoing U.S. criminal investigations. Bybit takes Lazarus Group to US court Bybit filed the civil…

SpaceX stock surged 14% on Friday after an analyst upgrade, softer U.S. jobs data, and limited insider selling eased pressure on the recently listed company. Summary SPCX climbed 14.09% to $131.06, extending its rebound from an August low near $105. Argus upgraded SpaceX to Buy and maintained a $160 price target. Up to 911.5 million insider shares became eligible for sale without triggering the feared sell-off. Weak U.S. payroll data reduced expectations for another short-term Federal Reserve rate hike. SpaceX stock jumps after Argus upgrade Space Exploration Technologies Corp. traded at $131.06 as of 3:26 p.m. EDT, up $16.14 for…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. SHRMiner highlights growing interest in cloud mining as digital asset markets evolve, offering users access to mining services without specialized hardware. Summary Trump’s crypto pivot highlights the industry’s growing influence as SHRMiner promotes accessible cloud mining. SHRMiner has launched a free cloud mining service, offering crypto holders a way to access mining without owning physical equipment. Cloud mining is gaining traction in 2026 as SHRMiner targets BTC holders with automated mining and passive-income services. Trump publicly criticized Bitcoin in…

The CLARITY Act’s delay until September could briefly pressure crypto prices before removing a major source of uncertainty, according to Bitwise CIO Matt Hougan. Summary Senate leaders delayed the CLARITY Act vote until September after bipartisan negotiations failed to produce an agreement. Bitwise CIO Matt Hougan expects crypto markets to “wobble for a minute” as traders price in the setback. Polymarket odds of passage in 2026 could fall into the teens, Hougan said. Disputes over ethics, illicit finance and stablecoin rewards remain unresolved. What happened Senate leaders have postponed consideration of the CLARITY Act until September, ending efforts to advance…

SharpLink CEO Joseph Chalom has opposed an Ethereum proposal that could eventually eliminate issuance-based staking rewards, warning that the change may weaken ETH’s appeal to institutions and raise capital costs across decentralized finance. Summary SharpLink opposes tapered issuance burn, arguing that native yield helps distinguish Ethereum from Bitcoin. Validator issuance rewards would fall to zero near a 50% staking ratio under the proposal. SharpLink stakes nearly all its ETH and has earned more than 18,000 ETH in rewards. Chalom supports controlling issuance but wants Ethereum to rely on its existing base-fee burn. SharpLink challenges Ethereum staking proposal Chalom said the…

The CFTC has warned regulated prediction markets against displaying American-style gambling odds as state authorities intensify efforts to classify sports event contracts as unlicensed betting. Summary The CFTC told regulated prediction markets to avoid American-style odds in product displays. Platforms must comply with derivatives laws and avoid deceptive marketing or solicitation practices. New York is seeking at least $36 billion from Kalshi over alleged gambling violations. Kalshi has requested emergency protection from Utah enforcement while it pursues an appeal. CFTC warns prediction markets over odds displays The Commodity Futures Trading Commission instructed regulated prediction market platforms not to display contracts…

U.S. authorities sanctioned crypto exchanges Shelbit and Aban Tether after alleging that the platforms helped Iran evade restrictions and move funds connected to the Islamic Revolutionary Guard Corps. Summary OFAC sanctioned Shelbit, Aban Tether and Siavash Kayvanpour over alleged sanctions evasion. IRGC-linked wallets allegedly sent more than $1 million in crypto to Shelbit addresses. Shelbit addresses reportedly transferred over $2 million to wallets controlled by the IRGC. Kayvanpour-linked wallets allegedly sent more than $2 million to sanctioned exchange Nobitex. OFAC targets Shelbit and Aban Tether The U.S. Treasury Department’s Office of Foreign Assets Control announced the sanctions on Aug. 7…

Circle has launched native USDC and its Cross-Chain Transfer Protocol on OKX’s X Layer, giving developers and businesses direct access to the regulated stablecoin across payments, DeFi and automated applications. Summary Native USDC is now available on X Layer, replacing the need to rely solely on bridged tokens. Circle’s CCTP enables cross-chain USDC transfers without wrapped assets or conventional liquidity pools. The launch expands native USDC support to 36 networks, while CCTP now connects 26 blockchains. Qualified businesses can issue and redeem USDC through Circle Mint on X Layer. Circle launches native USDC on X Layer Circle announced on Aug.…

A crypto user claims he lost his life savings after a sponsored Google result impersonating Trezor directed him to a phishing website. Summary David said a sponsored Google result led him to a fake Trezor website. The phishing page was hosted on Google Sites and allegedly requested wallet recovery information. Trezor reported an increase in phishing websites appearing in sponsored search results. Similar Google ad campaigns were previously linked to more than $1 million in crypto losses. Trezor user reports losing his life savings A crypto user identified as David, who posts on X under the account @ReallyBadDay99, claimed on…

WhiteBIT has introduced Spot Grid and Martingale DCA bots for UK users, expanding automated trading within a market where retail access to crypto derivatives remains restricted. Summary Two automated spot trading bots are now available to WhiteBIT users in the UK. The Spot Grid Bot places orders across a selected range, while the DCA bot buys during declines. UK retail investors remain barred from buying crypto futures, options and contracts for difference. Coinbase and Robinhood have recently introduced broader AI-controlled trading systems in the United States. WhiteBIT adds Grid and DCA bots for UK traders WhiteBIT has made its Spot…