Informed Crypto News

Informed Crypto News

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If BTC was really a rival to gold, it would be at $278K

BTC has lagged far behind gold over the past year. By one calculation, BTC is 68% lower than it should be.

Trump sues Jamie Dimon, revives ‘Operation Chokepoint 2.0’

Donald Trump has sued the JPMorgan CEO over an alleged debanking incident, which reinforces a narrative about Operation Chokepoint 2.0.

Cambodian scam rings facing disruption since kingpin’s arrest

Arrests, money laundering service shutdowns, releases, and escapes are all part of an ongoing crackdown on Cambodian scam operations.

Strategy market cap down 40% after pivot from bonds to preferreds

Strategy preferreds were supposed to fix the problems with bonds, such as principal repayment, but instead they brought a raft of new issues.

Crypto sleuth links $500M in Iranian USDT to stolen Bybit funds

Crypto sleuth Tanuki42 claims the middle man selling USDT to Iran is also receiving USDT from DPRK wallets laundering Bybit funds.

New X starter packs face backlash over crypto ‘scam’ accounts

Head of Product Nikita Bier added, and swiftly removed, a controversial crypto influencer from the platform’s new starter pack feature.

Celsius estate alleges TrueUSD firms gambled customer deposits

Celsius has filed a lawsuit against Archblock, alleging that it’s failed to redeem millions of dollars worth of stablecoins.

Saga becomes latest victim in DeFi hacking spree

The root cause behind the hack remains unclear. Around $6M in ETH and $850K of YieldFi assets sit in the hacker’s ETH address.

Strategy manager wrong about BTC backing STRC

The manager mistakenly claimed that Strategy’s BTC collateralizes shares of its stock, even though it doesn’t.

Iran’s central bank stacked $507M USDT last year, report

Iran gathered at least half a billion dollars worth of USDT last year to help bypass sanctions and boost its own currency.

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