Alex Mashinsky, former CEO of Celsius, is facing a possible 20-year prison sentence for leading a $7 billion crypto fraud. He misled users about the safety of their funds while secretly profiting from risky trades and token sales.
AnaisThe UK is overhauling its crypto rules to support Web3 innovation while protecting consumers, working closely with US regulators and focusing on bad actors. Still, scepticism lingers in the crypto community due to past regulatory overreach and uneven enforcement.
CatherineIndia’s Web3 ecosystem is growing fast despite strict crypto taxes. Now, Avalanche and Bitget are partnering to boost adoption through education and developer programmes—aiming to shape the next phase of the country’s digital asset future.
KikyoScammers are sending fake letters to Ledger users, pretending to be from the company and asking for their wallet recovery phrases. The letters target people affected by a past data leak, and Ledger has warned users not to share their 24-word phrase under any circumstances.
WeatherlyChina is mounting a global campaign to counter Trump’s trade tactics and position itself as a defender of global norms. Xi’s envoys call Trump’s 90-day reprieves a “divide and conquer” move, but US allies remain wary of drawing too close to Beijing.
CatherineBinance users are facing failed transactions and missing balances when using Kamino Finance through the Binance Wallet. While Binance blames Kamino’s system, some users believe the issue might lie within Binance’s own platform.
AnaisYua Mikami, a popular Japanese celebrity, launched her meme coin, $MIKAMI, on the Solana network, raising over $1.5 million in just 50 minutes during the presale. The coin is designed as a fun, non-investment token with no fixed price, and contributors receive tokens based on their SOL contributions.
WeatherlyAustralia’s financial intelligence agency, AUSTRAC, has launched a sweeping crackdown on inactive registered crypto exchanges, aiming to eliminate potential vehicles for fraud and financial crime.
KikyoRussia is planning to introduce criminal penalties for illegal crypto mining, targeting those using cheap energy without proper registration. The move comes as mining activity rises and more regions consider bans due to power strain.
WeatherlyElon Musk’s D.O.G.E initiative under Trump aimed to cut federal spending, but costs still climbed. Despite shutting 11 agencies, ending foreign aid, and cutting $10B from education, the budget grew—and 240,000 government jobs were lost. Was D.O.G.E a cost-cutter, or just a reshuffle?
Catherine