As the adoption of digital assets grows rapidly, there has been a significant increase in the amount of funds lost to scams and hacks. In the fast-evolving landscape of blockchain and the digital assets ecosystem, stories of overnight riches often overshadow the darker side: sophisticated scams that prey on the inexperience and trust of victims. One such cautionary tale unfolded in Thailand when a retired Australian police officer, Michael Reinecke, reported to the authorities on July 18, 2025, that he had fallen victim to a cryptocurrency scam that cost him nearly 40 million Thai baht, approximately $1.2 million. Read more
Chinese regulators ordered local firms to halt seminars and research on stablecoins, citing concerns over potential fraud and herd-driven speculation. Chinese authorities told local firms to stop publishing research or holding seminars related to stablecoins, according to a Friday report from Bloomberg. Chinese financial regulators reportedly instructed local brokers and other entities to cancel seminars and halt the promotion of research on stablecoins. Citing people familiar with the matter, Bloomberg said the authorities were concerned that stablecoins could be exploited as a tool for fraudulent activities. Christopher Wong, a currency strategist at Oversea-Chinese Banking Corp. in Singapore, said Beijing may be aiming to prevent a speculative surge among retail investors. Read more
XRP price may continue to climb toward $4.50 over the next few months as it breaks out of a classic bullish continuation pattern. Key takeaways: XRP futures volumes have popped by over 200% in the last 24 hours. XRP price chart bull flag targets $4.50 by September or October. Read more