Why Is ZetaChain Abandoning Its Own Blockchain? ZetaChain token holders have approved a proposal to retire the project’s Layer 1 blockchain and move ZETA to Solana, effectively ending the standalone network that was originally built to connect assets and applications across competing blockchains.Proposal 68 closed Sunday with 99.4% of votes in favor, while 0.3% voted
How Did Fraudsters Target Polymarket’s U.S. Platform? Fraudsters attempted to move at least $10 million through Polymarket’s U.S. platform using stolen debit cards in February, exposing weaknesses in payment and withdrawal controls only months after the prediction-market operator began admitting American users.The scheme involved depositing money from compromised debit cards, placing bets and then attempting
What Is Visa Changing for Memecoin Purchases? Visa is reportedly moving to stop payment processors from classifying memecoin purchases as digital media, closing a processing route that allowed some credit card users to earn ordinary points or cash back when buying crypto.Crypto in America reported Friday that Visa has informed industry participants that merchant category
What Does the New ASSX ETF Actually Track? REX Shares and Tuttle Capital Management have launched a leveraged exchange-traded fund tied to Strive, giving traders a new way to amplify daily moves in one of the largest publicly traded Bitcoin treasury companies.The T-REX 2X Long ASST Daily Target ETF began trading Friday on Cboe under
What Would Batch V1.1 Change on the XRP Ledger? Ripple says asset managers and other commercial projects are preparing to use a rebuilt XRP Ledger feature that can make several linked transactions settle together, as the amendment approaches possible activation on September 29.Batch V1.1 allows as many as eight transactions to be bundled into a
Why Did Bitcoin Break Back Above $80,000? Bitcoin held above $81,000 on Saturday after a sharp Friday rally pushed the cryptocurrency through the closely watched $80,000 level, as traders absorbed renewed oil-market stress, higher U.S. bond yields and fresh regulatory developments in Washington.Bitcoin was trading around $81,165 as of writing on Saturday, consolidating Friday’s gains
What Did the OCC Approve for Bastion? Stablecoin infrastructure provider Bastion has received preliminary conditional approval from the Office of the Comptroller of the Currency to operate a U.S. national trust bank, moving its custody, payments and stablecoin infrastructure business under direct federal supervision.The approval, dated September 18, covers Bastion Platforms Trust Company’s conversion into
How Did a Bank Employee Authenticate $1.6 Billion in False Credit? A former Hong Kong bank official has been sentenced to four years in prison after falsely authenticating letters of credit worth more than $1.6 billion while receiving more than $470,000 in cryptocurrency bribes.Lam Chun-yin, 32, a former customer relationship manager at China Construction Bank
What Is the CFTC Preparing to Regulate? The Commodity Futures Trading Commission has sent a new crypto market rulemaking initiative to the White House for review, moving ahead with an agency-led framework only days after the Senate failed to advance the Digital Asset Market Clarity Act.The Office of Information and Regulatory Affairs received the CFTC
Key Facts Bybit has switched on Perp Options, which it describes as the first options contracts written on TradFi perpetuals. SpaceX and Nvidia are the two underlying assets available at launch, with settlement handled in USDT. The contracts trade continuously, with no exchange opening bell and no weekend closure. A contract multiplier of one allows