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US Charges Man After Crypto Scam Wallets Received More Than $53M

TL;DR U.S. prosecutors have charged a Vietnamese national with money laundering tied to alleged cryptocurrency “pig butchering” schemes. Prosecutors say wallets controlled by the defendant received roughly $53.3 million linked to fraud schemes targeting U.S. victims. One victim allegedly transferred…

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KelpDAO Sues LayerZero Over $292M rsETH Bridge Exploit

TL;DR Evercrest Technologies, the company behind KelpDAO, has filed a civil claim against LayerZero entities and co-founder Bryan Pellegrino. The lawsuit concerns the April exploit that drained 116,500 rsETH, worth about $292 million at the time. KelpDAO alleges LayerZero reviewed…

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Strategy Wants To Pay Preferred Stock Dividends Every Day

TL;DR Strategy is asking shareholders to approve daily dividend record dates for STRC, STRD, STRF and STRK. The proposed change would alter payment frequency without changing dividend rates or increasing total regular dividend obligations. Shareholders are expected to vote on…

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Apple And Nvidia Tokenized Stocks Can Now Back USDC Loans On Aave

TL;DR Aave V4 on Base has launched an Equities Hub accepting seven Coinbase tokenized U.S. stocks as collateral. Eligible non-U.S. users can deposit tokens representing Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla shares to borrow USDC. The tokenized equities…

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Bitget Confirms $351.6M Hot Wallet Breach And Pauses Withdrawals

Bitget says unauthorized transfers affected approximately $351.6 million held across parts of its hot and warm wallet infrastructure. The exchange says its cold wallets were not affected and its $464 million-plus User Protection Fund covers the loss. Withdrawals have been…

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Paxos Labs Launches Gold Token That Can Earn A Return In Gold

Paxos Labs has launched PAXGy, a token backed by PAXG that can increase in value relative to gold over time. The underlying reserves are deployed to vetted institutional borrowers through the gold-leasing market. PAXGy is live across platforms including OKX,…

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Solana Foundation Hires Former Binance CMO For Institutional Push

The Solana Foundation has appointed former Binance global CMO Rachel Conlan as chief strategy officer. Former Polygon Labs executive Jamal Raees has joined as general manager of payments. The Foundation says the hires are aimed at accelerating institutional adoption and…