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Users of Binance-owned Trust Wallet lose $7 million due to Chrome extension hack

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Trust Wallet users lost more than $7 million shortly after releasing an updated version of its extension for the Chrome web browser. The stolen funds will be refunded, said Changpeng Zhao, co-founder of crypto exchange Binance, which owns the utility. The breach, reported on December 25 by onchain detective ZachXBT, was confirmed by the wallet […]

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Hong Kong’s SFC and FSTB aim for legislation by 2026 regarding rules for brokers and custodians of virtual assets

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Hong Kong plans to finalize its proposals to regulate brokers and custodians of virtual assets and introduce the rules to the city’s Legislative Council in 2026, the Financial Services and Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) said on Wednesday. The proposals, developed after a two-month public consultation that attracted more than

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Bitcoin and Ether ETFs See Outflows of $200 Million Before Christmas

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Spot bitcoin and ether ETFs saw another round of outflows on December 24 as traders entered the Christmas holidays with reduced liquidity and lower risk appetite. Data from SoSoValue showed that Bitcoin spot ETFs saw $175 million in net outflows on Wednesday, while Ether spot ETFs posted $57 million in outflows. The largest single-day outflow

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The Circle-related press release promises token metal trading. It’s a fake

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A press release issued on Christmas Eve claimed that Circle, the issuer of the USDC stablecoin, had launched a new platform offering tokenized gold and silver trading. However, this is “untrue,” a Circle spokesperson told CoinDesk. The platform, launched under the name CircleMetals, was promoted through a press release issued on December 24, a date

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Trump administration’s pro-crypto policies spur record crypto deal-making in 2025

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The crypto industry is closing out the year with a record $8.6 billion in mergers and acquisitions, according to the FT, up sharply from $2.17 billion the year before. The flurry of deals comes amid a major political shift in Washington, where the Trump administration has supported the sector with a series of regulatory developments,

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Ripple-bound XRP price remains stable even as new revenue opportunities emerge

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Payments-Focused Cryptocurrency XRP$1.8627 This has changed little in 24 hours, in line with the broader crypto market, even after the introduction of a new product that allows holders to earn extra money without selling their tokens. On Tuesday, Upshift, Clearstar and Flare unveiled EarnXRP, a vault designed to make it easier for XRP holders to

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NC-1 deal is good, but B. Riley cuts price target on cloud services outlook

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Data center developer WhiteFiber’s (WYFI) first long-term colocation agreement at its flagship NC-1 campus with Nscale Global supports management’s execution and its initial deployment timeline, investment bank B. Riley said in a report Tuesday. “We believe WYFI’s reaffirmation of its initial deployment schedule demonstrates its ability to execute and the benefits of the company’s modernization

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