Crypto News
Germany Seizes $38M From Crypto Platform Suspected of Laundering Bybit, Genesis Hack Proceeds
German authorities shut down crypto exchange eXch, seizing 34 million euros ($38 million) in tokens and more than 8 terabytes of data in one of the country’s largest law-enforcement actions targeting suspected crypto laundering.The Frankfurt Public Prosecutor’s Office and the Federal Criminal Police Office (BKA) dismantled the eXch's server infrastructure on April 30, just one day before the platform's operators had planned to shut it down, according to statement released on Thursday.The authorities cited the platform’s suspected use in laundering hundreds of millions in stolen crypto from major breaches — including the $1.5 billion Bybit hack, the $243 million Genesis creditor theft and numerous phishing drainer campaigns.The platform "specifically advertised on platforms of the criminal underground economy that it did...
Ethereum Surges Double Digits to $2,400 Following Pectra Upgrade
Ethereum's Pectra upgrade and the easing of global trade tensions helped the network soar by over 20% Friday morning.Source link
Bitcoin Sees Surge in Institutional Confidence, Deribit-Listed BTC Options Market Reveals
Bitcoin's (BTC) rally is gaining momentum, with institutions stepping up their exposure to the leading cryptocurrency through Deribit's BTC options market."Panning out over just the last week shows a much bigger sign of institutional positioning on BTC," Deribit said on X Friday, noting the bullish flows in the BTC options.The exchange has seen robust buying of call options at the $110,000 strike expiring in June and July and calendar spreads involving a long position in the $140,000 strike call expiring at the end of September and a short position in the $170,000 strike call expiring at the end of the year.The demand for the $110,000 strike call indicates expectations for a continued price rise in the coming weeks, with potential...
Meta Reportedly Exploring Stablecoins for Small-Payment Use Case
Meta is contacting infrastructure providers to explore the implementation of stablecoins with a payout use case in mind. The development would mark a new start for the company’s crypto plans after dropping the Libra project. Meta Reportedly Mulling Stablecoins for Small Payouts to Creators Meta, the social behemoth, is reportedly getting into the world ofSource link
Gallup Poll: Real Estate and Gold Still Preferred as Long-Term Investments in US
According to a recent Gallup poll, real estate is still the preferred long-term investment option for U.S. citizens, while gold has surpassed stocks, which traditionally reached second place. 37% estimate that real estate is the best option, while 24% believe in gold instead. Crypto registers a marginal preference, with only 4%. Gallup Poll: Real Estate,Source link