Crypto

A cybersecurity report linking fake crypto wallet extensions to Russian-speaking attackers has worsened market jitters as ICP breaks below $5 support

The transfers showed no signs of a profit-taking operation.

Since its launch on June 18, the ETF has seen a net inflow of $4.52 million, with total assets under management nearing $4.9 million.

Crypto bettors have staked millions on whether the outfit technically counts as a suit, while a renowned fashion industry commentator hasn’t helped, calling it “both a suit and not a suit.” Ukrainian President Volodymyr Zelenskyy’s outfit at a June 24 NATO meeting in the Netherlands has become the focal point of a fierce dispute between Polymarket bettors.  A user on Polymarket, a crypto-based prediction platform, created a betting market that asked whether Zelenskyy would wear a suit before July. To settle the bet, a photo or video must show Zelenskyy wearing a suit between May 22 and June 30. The market racked up nearly $79 million in volume. The result initially landed on “yes,” but has been disputed twice since and now awaits a final decision.  Read more

The victim of a $20 million crypto scam who sued Citibank last week for allegedly ignoring “red flags” has filed a similar complaint against two more banks. The self-claimed victim of a crypto romance scam who recently sued Citibank for failing to catch red flags has just filed a second lawsuit targeting two other banks.  Michael Zidell sued East West Bank and Cathay Bank in a California federal court on Tuesday, accusing the banks of turning “a blind eye to their statutory duties and obligations.” He claimed he sent 18 transfers totalling nearly $7 million to the alleged scammers’ account at East West Bank, and made 13 transfers totalling over $9.7 million to an account at Cathay Bank. Read more

The city alleges the asset tokenization platform left hundreds of properties in disrepair, even as it promised significant returns.

Officials are exploring cooperation in digital finance, ranging from asset tokenization to artificial intelligence.

The study will examine whether stablecoins are suitable for modernizing payments and cross-border finance in Japan.

JPMorgan expects stablecoin growth to reach only $500 billion by 2028, calling trillion-dollar forecasts overly optimistic. The post JPMorgan Sees Stablecoin Outlook as Less Rosy Than Bulls Think appeared first on Cryptonews.

The DeFi market has rebounded at the beginning of July, with total value locked (TVL) rising to $116.416 billion, a level last seen in April. The 24-hour increase of 4.95% reflects rising crypto asset prices and renewed deposit flows into lending protocols, restaking services, and yield-bearing primitives. As Ethereum and Solana continue to absorb most […] The post DeFi TVL breaks above $116B as lending roars back appeared first on CryptoSlate.

House Republicans are coordinating a legislative blitz to reshape U.S. crypto regulation and block future state-issued digital currencies.

Geneva, Switzerland, July 3 2025 — TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps), proudly participated as a WAGMI Sponsor at the Ethereum Community Conference (EthCC), held from June 30 to July 3 in Cannes, France. As Europe’s largest annual Ethereum-focused event, EthCC […] The post TRON DAO Joins EthCC as WAGMI Sponsor, Co-Hosts Events with MetaMask and Arkham appeared first on CryptoSlate.

Ondo Finance and Pantera Capital have launched a $250 million fund to accelerate investments in tokenized real-world assets (RWAs), Axios reported on July 3. According to the report, the fund, named Ondo Catalyst, will invest in equity stakes and tokens of projects developing tokenized versions of traditional financial assets. Ian De Bode, chief strategy officer […] The post Pantera, Ondo launch $250M fund to drive RWA tokenization appeared first on CryptoSlate.

New iterations of a well-known scam is now targeting Mac users. Here's what you need to know.

An exclusive new South Korean social club that caters to the super-rich and commands a KRW 1 billion ($734,290) annual membership fee could exclude people who made their fortunes from trading crypto, a report has claimed. The post 1 Billion KRW Korean Social Club ‘May Exclude People Who Made Money from Crypto’ appeared first on Cryptonews.

Backpack halted trading for scheduled maintenance at 10 a.m. UTC on July 3 and reopened two hours later, but the restart triggered account errors that forced CEO Armani Ferrante to promise reviews and compensation. Backpack had warned users on X that the platform would go offline at 10 a.m., enter post-only mode at noon, and […] The post Post-maintenance mishap on Solana’s Backpack triggers incorrect futures orders, balance reports appeared first on CryptoSlate.

Wave of fake Solana dev group chats in South Korea follows ETF debut, Indian crypto taxes blamed for coin delistings: Asia Express. All services claiming to offer access to JD.coms stablecoin are fraudulent, the Chinese e-commerce giant said in a statement posted on Weibo, a microblogging platform. JD.com said entities are misleading the public by claiming to have partnered with its Hong Kong subsidiary, JD CoinLink. The company emphasized that it has not issued a stablecoin at this point or formed any such partnerships. Fraudulent campaigns are emerging in parallel, according to multiple WeChat accounts warning against stablecoin scams. Fraudulent campaigns are promising users 5,000 JD.com stablecoins for signing up and additional rewards for referring friends. Read more

A key player in the Telegram-linked The Open Network (TON) crypto ecosystem just hit a $1 billion valuation with its latest funding round.

Two major Russian insurance firms, Renaissance Life and BCS Life Insurance, have launched investment life insurance policies (ILIPs) linked to Bitcoin, according to a July 2 local media report. According to the report, the innovative policies allow investors to gain exposure to BlackRock’s iShares Bitcoin Trust (IBIT), the largest Bitcoin ETF by assets under management. […] The post Russian insurance firms unveil investment life policies tied to Bitcoin appeared first on CryptoSlate.

WhiteRock Finance founder Ildar Ilham was reportedly detained in the UAE more than a year after Dutch authorities announced an arrest linked to ZKasino. Authorities in the United Arab Emirates (UAE) have reportedly taken Ildar Ilham, the founder of the decentralized finance protocol WhiteRock Finance, into custody as part of allegations over a $30-million scam through ZKasino. According to a Thursday X post from crypto sleuth ZachXBT, UAE authorities arrested Ilham in connection with an investigation into “wide-scale fraud” surrounding ZKasino. ZachXBT’s report suggested that WhiteRock was connected to ZKasino’s $30 million fundraising. The alleged investor scam followed ZKasino’s launch in April 2024, with the platform promising an airdrop of its native token to select users. However, reports indicate that more than a year later, the funds still have not been returned. Read more