Crypto

China debates crypto seizure policy shift amid $59 billion crime surge

China is considering introducing a nationwide policy to govern the handling of cryptocurrencies seized from criminal activities, Reuters reported on April 16. According to the report, Chinese authorities have seized a growing number of digital assets related to illicit activities such as fraud and money laundering. However, the absence of clear guidelines has led to …

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Phishing scammers now exploiting Google’s infrastructure to target crypto users

Phishing scams targeting crypto users have become more advanced, with attackers abusing Google’s infrastructure to conduct highly convincing attacks. On April 16, Nick Johnson, the founder and lead developer of Ethereum Name Service (ENS), raised concerns over a fresh method cybercriminals use to compromise Gmail accounts and potentially target associated crypto wallets. How phishing attackers …

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OKX relaunches in US with new trading platform and Web3 wallet after major legal settlement

Crypto exchange OKX has officially relaunched its operations in the United States, introducing a centralized trading platform, a new Web3 wallet, and a fresh leadership team, according to an April 16 statement shared with CryptoSlate. The exchange stated: “American customers can buy, sell, and convert top cryptocurrencies like Bitcoin, Ethereum, USDT, and USDC, while also …

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ProShares taps into XRP’s momentum with new futures ETFs set for April 30 launch

ProShares has confirmed plans to launch a set of XRP futures-based exchange-traded funds (ETFs) by April 30, according to an updated April 15 filing with the US Securities and Exchange Commission (SEC). According to the filing, the asset management firm plans to introduce three futures-based funds, including the ProShares UltraShort XRP ETF, ProShares Ultra XRP …

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S&P 500 futures fall further as Bitcoin lags all major asset classes over last 24 hour

S&P 500 futures extended losses early Wednesday with a 1.6% intraday drop, falling to 444.32 and erasing nearly two days of gains. The move came as investors digested rising uncertainty surrounding U.S. trade policy, including potential new tariffs targeting Chinese semiconductors and pharmaceuticals. As of 8:00 A.M. GMT, futures on the benchmark index were down …

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ZKsync admin wallet compromised in $5 million theft, ZK slides over 8%

A compromised admin account connected to ZKsync’s airdrop contracts executed a transaction that minted approximately $5 million worth of ZK tokens, stealing the remaining unclaimed allocation from the network’s first token distribution.  The attacker exploited a function to claim the tokens on April 15 and issued around 111 million ZK tokens, equivalent to roughly 0.45% …

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SEC concludes review of Coinbase disclosures after over 2 years, no amendments required

The Securities and Exchange Commission has concluded its multi-year review of Coinbase’s financial disclosures without requiring any amendments or restatements, according to a letter released by the agency and shared by the exchange’s Chief Legal Officer Paul Grewal. In an April 15 social media post, Grewal highlighted that the resolution comes after more than two …

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VanEck proposes Bitcoin-linked Treasury bonds to offset $14 trillion in US debt

VanEck’s head of digital assets research, Matthew Sigel, has proposed the introduction of “BitBonds,” a hybrid debt instrument combining US Treasuries with Bitcoin (BTC) exposure, as a novel strategy for managing the government’s looming $14 trillion refinancing requirement.  The concept was presented at the Strategic Bitcoin Reserve Summit and aims to address sovereign funding needs …

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