Coinbase

Coinbase

China’s Regulation 42 forces Tether to kill its CNHT stablecoin

Tether has never been in a better place than it is right now, at least in the US. But in China, it’s a very different story. Source link

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Chinese banks freeze accounts over crypto memos

Chinese nationals are reporting that putting “Bitcoin,” “Dogecoin” or “USDT” in the memo field of a transfer causes the account to be frozen. Source link

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US margin debt reached all-time highs as crypto lost $2 trillion

Crypto markets have been penalized with downside volatility amid historic levels of US margin debt relative to income. Source link

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Nobitex users rush for exit after Tehran airstrikes crash Iranian currency

Iran’s largest crypto exchange, Nobitex, is experiencing issues with its Tether/Toman trading pair during a 700% surge in outflows. Source link

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Kalshi uses ‘death carve-out’ to avoid paying out on Ali Khamenei ousting

Kalshi apparently allowed traders to bet on Ali Khamenei’s ousting, racked up $54M in trades, then voided the result when he was killed. Source link

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Justin Sun’s TRON stock is dying

TRON Inc. has essentially become a vehicle for Justin Sun to purchase hundreds of millions of TRX tokens to prop up his personal crypto. Source link

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Prosecutors find drafts of secret deal linking Milei to LIBRA, Hayden Davis

The advisory agreement between Davis and Milei was discovered on a suspect’s phone during the country’s ongoing LIBRA investigation. Source link

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Odds swing wildly as Polymarket bets on Iran’s successor collapse

Polymarket trades about the next supreme leader of Iran illustrate the wild gambles that crypto traders are willing to make. Source link

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Thai police want Interpol to track alleged KuCoin money launderer

Thailand’s police want an Interpol red notice issued for Benjamin Mauerberger, an alleged money launderer for the South Asian scam industry. Source link

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No, DTCC isn’t settling $4 quadrillion on XRPL

Fans of XRP thought its blockchain could benefit from “quadrillions” of trade settlements at the DTCC via Ripple Prime. Source link

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