Eric Council Jr. pleaded guilty to hacking the SEC’s X account to post a fake Bitcoin ETF approval, briefly spiking Bitcoin prices. He faces up to five years in prison. Eric Council Jr., a 25-year-old from Athens, Alabama, pleaded guilty to aggravated identity theft and access device fraud in connection with the January 2024 hacking…

Legal experts weigh in on why the SEC delays crypto case resolutions, citing leadership changes and strategic pauses.

The Federal Reserve Chairman Jerome Powell addressed the menace of Debanking in the crypto industry while pledging support for stablecoin regulation.  The Fed Chairman raised these issues at Tuesday’s Senate Banking Committee hearing while ruling out the idea of a digital dollar.  The monetary policy agency also confirmed that it is not in a rush…

Kenya DCI regains control of hacked social media accounts used to promote a fake cryptocurrency and launches an investigation into the cyber-attack Hackers Exploited Accounts to Promote Fake Cryptocurrency Kenya’s Directorate of Criminal Investigations (DCI) announced on February 9, 2025, that it had regained control of its X (formerly Twitter) and Facebook accounts after hackers…

Grayscale Cardano ETF moves forward as NYSE Arca files a proposal with the SEC. If approved, it would offer investors regulated exposure to ADA. Grayscale Cardano ETF Proposal Advances with NYSE Arca Filing NYSE Arca has submitted a 19b-4 form to the U.S. Securities and Exchange Commission (SEC) seeking approval to list and trade shares…

Thai-Chinese authorities arrested two Chinese nationals in Bangkok, seizing $2.5 million in USDT. The suspects are linked to a call center scam, human trafficking, and fraud. Investigations continue. Thai-Chinese Scam Leaders Linked to Human Trafficking and Fraud A joint operation between Thai and Chinese law enforcement led to the arrest of two Chinese nationals in…

Goldman Sachs increases its Bitcoin ETF holdings to $2.05 billion, signaling rising institutional demand for crypto assets.

Gemini, a cryptocurrency exchange and custodian, has received in-principle approval from the Malta Financial Services Authority (MFSA) for an Investment Firm license.  Once finalized, the license will allow Gemini to offer regulated crypto derivatives, including perpetual futures, across the European Union (EU) and European Economic Area (EEA) under the Markets in Financial Instruments Directive II…

North Carolina proposes investing up to $10B in Bitcoin ETPs, joining a growing trend of states exploring digital asset investments.

Stablecoin issuer giant, Tether, has made a strategic investment in Zengo Wallet, a self-custodial crypto wallet known for its security and ease of use. Notably, the move highlights Tether’s commitment to promoting stablecoin adoption while enhancing secure digital asset storage solutions. Tether Announces Strategic Investment in Zengo Wallet to Advance Global Stablecoin Adoption Learn more:…