Crypto Issues
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Kelp Exploit Aftermath: DeFi Protocols Join Hands to Restore rsETH Following $293 Million Hack
Several DeFi protocols have joined forces to restore rsETH backing after a $293 million exploit at Kelp DAO. The initiative, dubbed “DeFi United,” has already secured significant Ether commitments as platforms work together to address liquidity and bad debt issues in the ecosystem.
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UK’s FCA Raids Multiple Sites Suspected of Illegal P2P Crypto Operations
The UK’s FCA has raided multiple locations linked to illegal P2P crypto trading operations. Authorities issued cease-and-desist notices and launched investigations with support from law enforcement agencies. The move reflects a broader crackdown on unregistered crypto activity amid rising financial crime concerns.
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Justin Sun vs WLFI: Tron Founder Questions WLFI Over Token Freeze, Governance
Justin Sun has raised concerns over frozen tokens and governance structure at World Liberty Financial, alleging undisclosed control mechanisms in its smart contracts. The dispute highlights issues around transparency and investor protection, as WLFI denies the claims and the matter draws wider attention in the crypto ecosystem.
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IT Department Reportedly Issues Tax Notices to Crypto Traders Over Past Unreported Transactions
Indian tax authorities are issuing notices to crypto investors over unreported transactions from past financial years. The move follows increased scrutiny of exchange data and income filings, with regulators using analytics tools to detect mismatches. The notices aim to improve compliance and allow investors to clarify discrepancies before further ...
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Circle Unveils cirBTC Token to Expand Bitcoin’s Role in DeFi Ecosystem
Circle has introduced cirBTC, a token designed to bring Bitcoin into DeFi ecosystems with 1:1 backing and on-chain verifiability. The offering aims to address trust issues linked to traditional wrapped tokens while enabling lending, liquidity, and yield opportunities. As the rollout progresses, market participants will track adoption and performanc...
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Hong Kong Misses March Target for Stablecoin Licences, HKMA Yet to Approve Issuers
Hong Kong has not issued any stablecoin licences despite earlier expectations of approvals by March. The Hong Kong Monetary Authority is still reviewing applications, with no issuers listed on its official register. The delay reflects a cautious regulatory approach as authorities focus on compliance, business models, and financial stability while p...
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UK to Recognise Crypto as Property After Lawmakers Approve Landmark Bill
The UK has passed the landmark Property (Digital Assets etc) Act 2025 that formally recognises crypto as property, giving courts stronger authority over asset recovery, fraud cases, and commercial disputes. Industry bodies, including Bitcoin Policy UK and CryptoUK, have welcomed the development, calling it a key milestone for regulated digital asse...
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ASIC Clarifies Crypto Rules; Stablecoins, Tokenised Assets Flagged as Financial Products
Australia’s financial regulator, ASIC, has issued long-awaited guidance clarifying which crypto assets fall under financial products. The move provides legal certainty for firms but raises concerns about the regulator’s capacity to handle new licensing demands. Under the revised framework, stablecoins, wrapped tokens, and tokenised securities w...
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UK FCA Cracks Down on Crypto Firms, Hundreds of Exchanges Receive Warnings
The UK’s Financial Conduct Authority (FCA) has issued hundreds of warnings to unregistered crypto exchanges, including HTX, as part of a sweeping crackdown on firms breaching financial regulations. The regulator also initiated legal action against HTX for unlawful promotion of crypto services. The move highlights the UK’s intensified efforts to...
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BSE Blocks Jetking’s Crypto-Focussed Share Listing Due to Speculation Risks
The Bombay Stock Exchange has blocked Jetking Infotrain’s preferential issue listing due to plans to allocate 60 percent of proceeds to crypto, mainly Bitcoin. The IT firm had already allotted shares, partially deployed funds, and now faces a 10 percent stock fall. Joint MD Siddharth Bharwani called it unprecedented, while Web3 lawyer Subha Chugh...
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Kelp Exploit Aftermath: DeFi Protocols Join Hands to Restore rsETH Following $293 Million Hack
Several DeFi protocols have joined forces to restore rsETH backing after a $293 million exploit at Kelp DAO. The initiative, dubbed “DeFi United,” has already secured significant Ether commitments as platforms work together to address liquidity and bad debt issues in the ecosystem.
-
UK’s FCA Raids Multiple Sites Suspected of Illegal P2P Crypto Operations
The UK’s FCA has raided multiple locations linked to illegal P2P crypto trading operations. Authorities issued cease-and-desist notices and launched investigations with support from law enforcement agencies. The move reflects a broader crackdown on unregistered crypto activity amid rising financial crime concerns.
-
Justin Sun vs WLFI: Tron Founder Questions WLFI Over Token Freeze, Governance
Justin Sun has raised concerns over frozen tokens and governance structure at World Liberty Financial, alleging undisclosed control mechanisms in its smart contracts. The dispute highlights issues around transparency and investor protection, as WLFI denies the claims and the matter draws wider attention in the crypto ecosystem.
-
IT Department Reportedly Issues Tax Notices to Crypto Traders Over Past Unreported Transactions
Indian tax authorities are issuing notices to crypto investors over unreported transactions from past financial years. The move follows increased scrutiny of exchange data and income filings, with regulators using analytics tools to detect mismatches. The notices aim to improve compliance and allow investors to clarify discrepancies before further ...
-
Circle Unveils cirBTC Token to Expand Bitcoin’s Role in DeFi Ecosystem
Circle has introduced cirBTC, a token designed to bring Bitcoin into DeFi ecosystems with 1:1 backing and on-chain verifiability. The offering aims to address trust issues linked to traditional wrapped tokens while enabling lending, liquidity, and yield opportunities. As the rollout progresses, market participants will track adoption and performanc...
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Hong Kong Misses March Target for Stablecoin Licences, HKMA Yet to Approve Issuers
Hong Kong has not issued any stablecoin licences despite earlier expectations of approvals by March. The Hong Kong Monetary Authority is still reviewing applications, with no issuers listed on its official register. The delay reflects a cautious regulatory approach as authorities focus on compliance, business models, and financial stability while p...
-
UK to Recognise Crypto as Property After Lawmakers Approve Landmark Bill
The UK has passed the landmark Property (Digital Assets etc) Act 2025 that formally recognises crypto as property, giving courts stronger authority over asset recovery, fraud cases, and commercial disputes. Industry bodies, including Bitcoin Policy UK and CryptoUK, have welcomed the development, calling it a key milestone for regulated digital asse...
-
ASIC Clarifies Crypto Rules; Stablecoins, Tokenised Assets Flagged as Financial Products
Australia’s financial regulator, ASIC, has issued long-awaited guidance clarifying which crypto assets fall under financial products. The move provides legal certainty for firms but raises concerns about the regulator’s capacity to handle new licensing demands. Under the revised framework, stablecoins, wrapped tokens, and tokenised securities w...
-
UK FCA Cracks Down on Crypto Firms, Hundreds of Exchanges Receive Warnings
The UK’s Financial Conduct Authority (FCA) has issued hundreds of warnings to unregistered crypto exchanges, including HTX, as part of a sweeping crackdown on firms breaching financial regulations. The regulator also initiated legal action against HTX for unlawful promotion of crypto services. The move highlights the UK’s intensified efforts to...
-
BSE Blocks Jetking’s Crypto-Focussed Share Listing Due to Speculation Risks
The Bombay Stock Exchange has blocked Jetking Infotrain’s preferential issue listing due to plans to allocate 60 percent of proceeds to crypto, mainly Bitcoin. The IT firm had already allotted shares, partially deployed funds, and now faces a 10 percent stock fall. Joint MD Siddharth Bharwani called it unprecedented, while Web3 lawyer Subha Chugh...
