Two Texas brothers kidnapped a Minnesota family, stealing US$8 million (AU$12.23 million) in crypto. Victims were held for nine hours at gunpoint and forced to transfer cryptocurrency to the suspects. Authorities tracked and arrested the brothers in Texas; they face federal and state charges. Federal and state authorities have filedContinue Reading
Australia introduced draft legislation to bring crypto platforms under the Australian Financial Services License (AFSL) regime, integrating them into existing financial services law. The proposal introduces two new categories—digital asset platforms and tokenised custody platforms, moving oversight for most exchanges from AUSTRAC to ASIC. The framework extends obligations to servicesContinue Reading
A judge in the US state of Delaware has refused Tron founder Justin Sun’s request for a restraining order and injunction to be imposed on Bloomberg to prevent the news outlet publishing details of his personal crypto holdings. Bloomberg had published the information in August as part of its annualContinue Reading
SEC Chair Paul Atkins is urging Congress to quickly finalise the Crypto Market Structure Bill, aiming to provide a stable regulatory platform for the crypto industry. The proposed legislation, which is a combination of bills like the CLARITY Act and the Responsible Financial Innovation Act of 2025, is intended toContinue Reading
Michigan lawmakers have advanced a bill to create a state-level crypto reserve, with a broad definition for eligible assets, and without mentioning Bitcoin directly. If passed, Michigan would join other states like Texas, New Hampshire, and Arizona that have either passed or are considering similar legislation to establish crypto reserves.Continue Reading
Armstrong says the CLARITY Act could pass with bipartisan Senate support. The Act defines SEC and CFTC oversight of non-stablecoin digital assets and is expected for public review after committee discussions. Senator Lummis expects Trump to sign the CLARITY Act before the end of the year. Brian Armstrong, CEO ofContinue Reading
The Royal Canadian Mounted Police (RCMP) has seized more than C$56 million (AU$62 million) in digital assets from the cryptocurrency exchange TradeOgre, making it the largest crypto seizure in the country’s history. It followed a year-long investigation that found the exchange was allegedly operating without registering as a money servicesContinue Reading
An Ethereum-based gaming network called Xai has filed a federal lawsuit against Elon Musk’s xAI, alleging trademark infringement and unfair competition. Ex Populus, the company behind Xai, claims that Musk’s brand has caused widespread confusion, and that the damage has been magnified by his company’s recent entry into the gamingContinue Reading
Ethereum core developer Federico Carrone was released after being detained for 24 hours in Turkey on accusations of “helping others misuse Ethereum”. Carrone believes the arrest was connected to a 2022 academic paper he co-authored that analysed privacy protocols on Ethereum and Tornado Cash. His case highlights a growing trendContinue Reading
Do Kwon may change his plea in the US fraud case concerning TerraUSD’s 2022 collapse. Kwon faces nine felony counts including securities fraud, market manipulation, money laundering, and wire fraud. This plea hearing may influence related cases in South Korea where Kwon also faces charges. Terraform Labs co-founder Do KwonContinue Reading