Australia’s financial crime regulator, AUSTRAC, has ordered Binance’s local subsidiary to appoint an external auditor after identifying “deficiencies” in its anti-money laundering (AML) and counter-terrorism financing framework. The order is a result of AUSTRAC’s findings of persistent governance failures, including rapid staff turnover, a minimal local presence, and poor seniorContinue Reading
Prediction markets are considered ineffective for hedging because they lack interest-bearing features. Polymarket’s July trading volume dropped to US$1.06B (AU$1.63B). Automated traders exploited inefficiencies and earned over US$40M (AU$61.7M) in profits. Ethereum co-founder Vitalik Buterin has said that most prediction markets are not suitable for hedging because they do notContinue Reading
Philippine Congressman Miguel Luis Villafuerte introduced House Bill 421 proposing the country purchase 2,000 Bitcoin annually for five years, totalling 10,000 BTC held for at least 20 years. The legislation includes strict provisions preventing sales except for government debt repayment, with post-holding period sales capped at maximum 10% of assetsContinue Reading
Arthur Hayes predicts Hyperliquid’s HYPE token could surge 126x within three years at Tokyo’s WebX 2025 conference. Hayes expects Hyperliquid’s fees to grow sharply, from US$1.2B (AU$1.85B) to US$258B (AU$397.07B). He links this to stablecoin expansion, forecasting US$10T (AU$15.43T) supply and 26.4% market share. BitMEX co-founder Arthur Hayes delivered anContinue Reading
Crypto analytics firm Bubblemaps has reported that Hayden Davis, the ‘facilitator’ behind LIBRA and MELANIA, sniped the launch of Kanye West’s YZY token, netting a profit of US$12 million. Bubblemaps’ analysis of accounts linked to Davis in the days leading up to the YZY launch suggests he possibly had someContinue Reading
According to analyst Willy Woo, early Bitcoin whales who acquired coins for under US$10 are now offloading their holdings, with each BTC sold requiring over US$110,000 in new capital to be absorbed by the market. A major whale recently liquidated 24,000 BTC (US$2.7 billion) to acquire 416,598 ETH and stakedContinue Reading
Japanese firm Metaplanet has been upgraded to a mid-cap stock and included in the FTSE Japan Index, giving global passive investors indirect exposure to its Bitcoin treasury strategy. Metaplanet’s aggressive Bitcoin accumulation has propelled it to become the seventh-largest public corporate holder of BTC, with 18,888 coins, outpacing companies likeContinue Reading
Eric Trump says the Trump family’s interest in crypto began when major banks closed hundreds of their accounts after the January 6 Capitol attack, which he saw as a political “weaponization” of the financial system. The Trump family has since integrated crypto into their business empire, launching a memecoin, aContinue Reading
Ethereum reached a new all-time high of US$4,953 (AU$7,627) after surging 10% over the past week and nearly 4% in 24 hours, now eyeing the US$5,000 milestone. Crypto analyst Bit Bull suggests ETH could reach US$5,500 in the short term, citing Ethereum’s achievement of its “highest weekly close ever” asContinue Reading
Flow achieved its strongest quarter in Q2 2025 with total value locked surging 46.3% to a record US$68 million, marking its evolution from NFT-gaming focus to comprehensive DeFi platform. PayPal’s PYUSD stablecoin drove significant growth with supply jumping 211.9% to US$26.2 million, becoming Flow’s largest stablecoin and highlighting appetite forContinue Reading
