The Acting Chair of the United States Securities and Exchange Commission, Mark T. Uyeda, has proposed reexamining the Crypto Custody rule initiated by the Gary Gensler-led Commission.  Uyeda said commentators criticized the rule, which requires registered investment advisers to keep crypto with a qualified custodian and requires those custodians to abide by certain requirements. Speaking…

Crypto Exchange Gemini, founded by the Winklevoss Twins, appointed Dan Chen as the new Chief Financial Officer as it prepares for an Initial public offering.  Dan Chen previously worked at Affirm, MetLife Investments, and Morgan Stanley and will manage the exchange's financial department.  The New CFO announced his appointment on his X page, sharing his…

Strategy, the Bitcoin-focused corporate entity led by Michael Saylor, has acquired an additional 130 BTC for approximately $10.7 million. The latest purchase, disclosed in a U.S. Securities and Exchange Commission (SEC) filing, was made at an average price of $82,981 per bitcoin between March 10 and March 16. With this acquisition, Strategy now holds 499,226…

Crypto exchange giant Binance has announced a zero-fee trading promotion for all swaps conducted through its Binance Wallet, effective from March 17, 2025, at 08:00 UTC.  The initiative, which will run until September 17, 2025, aims to enhance user experience and drive engagement with Binance’s integrated trading features. During the promotion period, users will not…

FalconX, a digital asset prime brokerage firm, has completed the first-ever block trade of CME Group’s newly launched Solana (SOL) futures in collaboration with StoneX, a global financial services company.  The trade, announced on March 16, marks a milestone for institutional cryptocurrency derivatives and highlights growing interest in regulated digital asset products beyond Bitcoin and…

Coinbase has filed a FOIA request to uncover the costs of the SEC’s crypto enforcement actions, seeking transparency on taxpayer spending and regulatory efforts. Coinbase Launches FOIA Inquiry Into SEC’s Crypto Crackdown Costs Coinbase has taken legal steps to uncover the financial burden of the Securities and Exchange Commission’s (SEC) enforcement actions against the crypto…

MegaETH, an Ethereum Layer 2 (L2) scaling solution backed by Ethereum co-founder Vitalik Buterin and Dragonfly Capital, is set to launch its public testnet this week. The deployment aims to showcase its high-speed blockchain infrastructure, designed to process transactions in milliseconds. MegaETH Testnet Deployment Schedule The MegaETH Labs team has announced a phased rollout for…

Citigroup mistakenly transferred $81 trillion instead of $280, bypassing internal controls before being reversed. The incident raises concerns over banking security and oversight. Banking Giant Accidentally Transfers Trillions Instead of $280 In April 2024, Citigroup mistakenly credited a customer's account with an astonishing $81 trillion instead of the intended $280. The error initially went unnoticed,…

Hayden Davies, the Libra Memecoin Scam's architect and Melania Memecoin's creator, has launched yet another memecoin project despite being on Interpol's Watchlist.  Bubblesmap reported that the Crypto villain launched yet another memecoin, “ WOLF”, despite being caught up in the web of two popular rug pulls.  “ In collaboration with Coffeezilla, we exposed Hayden Davis…

OKX Exchange announced it is suspending its Decentralized Exchange services following growing criticisms from the global crypto community.  The Exchange announced this decision in a press release on Monday, 17. Citing increased media attacks, it explained that the suspension allowed it to implement additional upgrades to prevent further exploitation.  “ After consulting with regulators, we…