A major legal development has unfolded in the cryptocurrency space as the UK Court of Appeal partially dismissed a multi-billion dollar lawsuit filed by Bitcoin SV (BSV) investors against leading crypto exchanges, including Binance and Kraken. The lawsuit, initially seeking £9.9 billion (~$11.9 billion) in damages, claimed the delisting of BSV harmed its market potential. Background: The BSV Delisting Controversy In April 2019, major exchanges including Binance, Kraken, and ShapeShift delisted Bitcoin SV (BSV), a hard fork of Bitcoin Cash, citing concerns over its centralization and leadership. Investors alleged this coordinated action negatively impacted the value and growth prospects of…
Author: Blockto Team
Marathon Digital Diversifies Crypto Holdings with Institutional Partnership Marathon Digital Holdings (MARA), one of the largest publicly traded Bitcoin miners in the U.S., has announced a strategic partnership with digital asset investment firm Two Prime. As part of this move, MARA will allocate 500 BTC (worth approximately $34 million) to Two Prime’s yield-generating products. “We are focused on generating additional value from our Bitcoin holdings,” said Fred Thiel, CEO of Marathon Digital. “Partnering with Two Prime allows us to do so in a secure and risk-managed environment.” Yield Strategy to Generate Passive Income Marathon’s 500 BTC allocation is part of…
David Sacks Pushes for Regulatory Clarity to Supercharge Stablecoin Market David Sacks, venture capitalist and crypto advisor to former President Donald Trump, believes that the proposed U.S. stablecoin legislation could unlock trillions of dollars in demand for U.S. Treasurys. His comments come as lawmakers debate a regulatory framework that could define the future of dollar-backed stablecoins. “Stablecoins, if backed by short-term Treasurys, could drive unprecedented demand for U.S. debt instruments,” said Sacks during a recent tech policy panel in Washington, D.C. Stablecoin Bill Could Reinforce Dollar Dominance The bill under discussion seeks to create a national regulatory structure for stablecoin…
Singaporeans Know Crypto — But Fewer Are Holding It A new report reveals that crypto awareness in Singapore has reached a record 94%, highlighting the country’s position as one of the world’s most crypto-literate markets. However, despite this rise in familiarity, actual ownership of cryptocurrencies has dropped, pointing to a more cautious public amid ongoing market volatility. “Nearly every adult in Singapore now knows what cryptocurrency is — but fewer are actively investing,” the report said. Ownership Rate Drops to 34% Despite High Awareness According to the 2025 Independent Crypto Sentiment Survey, only 34% of Singaporeans currently own crypto, down…
Cetus Protocol, a well-known liquidity platform on the Sui blockchain, has fallen victim to a massive security breach, with over $150 million in assets reportedly stolen, according to on-chain data shared by BlockBeats. This exploit marks one of the most serious DeFi breaches on the Sui network to date. “Hackers have drained multiple liquidity pools, exposing vulnerabilities in the protocol’s smart contracts,” said a cybersecurity source familiar with the matter. On-Chain Data Confirms Widespread Drainage Blockchain forensics tools confirm abnormal activity across key liquidity pools on Cetus. Massive token outflows were traced to unauthorized wallet addresses, suggesting that sophisticated attackers…
FIFA has announced its partnership with Avalanche to build a new EVM-compatible blockchain network tailored to the global football organization’s digital strategy. This move marks a major shift in FIFA’s Web3 approach, as it plans to migrate its existing NFT collections from Algorand and Polygon onto this new infrastructure. “By moving to Avalanche, FIFA aims to unify its digital assets under one high-performance, scalable platform,” the organization stated in a press release. NFT Migration from Algorand and Polygon Previously, FIFA had launched NFTs on Algorand during the World Cup Qatar 2022, and some assets were later made available on Polygon…
Joint Operation Disrupts Major Cybercrime Infrastructure US federal authorities have successfully seized multiple domains linked to LummaC2 malware, a notorious information-stealing tool used by cybercriminals to harvest crypto wallet credentials, banking logins, and personal data. “LummaC2 was a key piece of malware infrastructure facilitating large-scale financial theft,” said a spokesperson from the U.S. Department of Justice (DOJ). The takedown was part of a coordinated operation involving the FBI, Department of Homeland Security, and international law enforcement agencies. How LummaC2 Worked LummaC2, also known as Lumma Stealer, is a widely distributed malware-as-a-service (MaaS) tool that has been sold on dark web…
Dubai’s Virtual Assets Regulatory Authority (VARA) has issued clarified guidance on real-world asset (RWA) tokenization, a move that experts say will foster regulatory certainty and encourage institutional adoption of blockchain in the UAE. “This marks a significant step forward for Dubai’s ambition to become a global crypto hub,” said a Dubai-based legal expert specializing in virtual assets. The announcement provides legal clarity on how tokenized representations of physical assets such as real estate, commodities, and financial instruments should be regulated under VARA’s existing framework. Key Focus on Licensing and Asset Backing According to legal interpretations, the updated rules emphasize proper…
A special purpose acquisition company (SPAC) backed by crypto investor Anthony “Pomp” Pompliano surged 7% on its Nasdaq debut, following an upsized $220 million initial public offering (IPO). The company, named Inflection Point Acquisition II, is aimed at acquiring disruptive businesses in the fintech and digital asset sectors. “We believe this is a pivotal moment to support innovation in emerging tech,” Pompliano said during the IPO announcement. IPO Oversubscribed as Investor Demand Grows The SPAC’s IPO, initially slated for $175 million, was increased to $220 million due to strong investor demand, signaling growing interest in blockchain-aligned financial ventures. The offering…
In a brazen move, the hacker responsible for the recent $42.5 million Coinbase theft has reemerged—swapping the funds via THORChain and mocking blockchain investigator ZachXBT with an on-chain message. The taunt, posted as part of a transaction, has shocked the crypto community and reignited conversations about the risks of decentralized money laundering. “You can’t catch what’s already free,” the hacker wrote in a THORChain memo field—directly addressing ZachXBT, a well-known on-chain analyst and crypto scam investigator. How the $42.5M Swap Went Down The attacker reportedly used THORChain, a cross-chain liquidity protocol, to move the stolen funds from Ethereum-based assets to…