JPMorgan is launching the deposit token $JPMD on the Base blockchain.
This marks the bankβs first deployment on a public blockchain network.
The token represents U.S. dollar deposits and will initially be used by institutional clients.
Unlike stablecoins, $JPMD may eventually generate interest and be FDIC-insured.
This marks the bankβs first deployment on a public blockchain network.
The token represents U.S. dollar deposits and will initially be used by institutional clients.
Unlike stablecoins, $JPMD may eventually generate interest and be FDIC-insured.
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Exploit of Iranian crypto exchange Nobitex.
On-chain sleuth ZachXBT reported a possible hack of Nobitex, Iranβs largest crypto exchange. According to him, $48.65M was drained from wallets linked to the platform on the Tron network.
The suspected attacker used a vanity address with a political message:
TKFuckiRGCTerroristsNoBiTEXy2r7mNX.
On-chain sleuth ZachXBT reported a possible hack of Nobitex, Iranβs largest crypto exchange. According to him, $48.65M was drained from wallets linked to the platform on the Tron network.
The suspected attacker used a vanity address with a political message:
TKFuckiRGCTerroristsNoBiTEXy2r7mNX.
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Tether just minted another 1B $USDT.
The last two times Tether minted $USDT, $BTC pumped.
The last two times Tether minted $USDT, $BTC pumped.
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Crypto Insider
PumpFun Ban β What Happened? Twitter suspended PumpFun and related accounts after a lawsuit revealed possible fraud. Key claims: β’ Pump-and-dump schemes β’ No KYC/AML β’ Harmful marketing and offensive tokens β’ Founders accused of building a scam ecosystemβ¦
Crypto platform "Pump Fun" to be banned in the US in the coming weeks.
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PEPE whale 0x6ea4 deposited the last 600B $PEPE($6.04M) to Binance 50 minutes ago.
A month ago, the whale withdrew 2.2T $PEPE ($27.64M) from Binance, and has since deposited it back in three batchesβon June 8, June 13, and June 18βtaking an estimated loss of ~$3.5M.
A month ago, the whale withdrew 2.2T $PEPE ($27.64M) from Binance, and has since deposited it back in three batchesβon June 8, June 13, and June 18βtaking an estimated loss of ~$3.5M.
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Mysterious trader AguilaTrades has closed most of his long $BTC position.
The remaining position is currently valued at $77M.
He initially opened positions worth $424M, but has reduced his exposure from 3,952.66 $BTC to 736.5 $BTC.
In his previous trade, Aguila lost $12.5M, and total losses now exceed $15M.
The remaining position is currently valued at $77M.
He initially opened positions worth $424M, but has reduced his exposure from 3,952.66 $BTC to 736.5 $BTC.
In his previous trade, Aguila lost $12.5M, and total losses now exceed $15M.
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Largest crypto seizure in U.S. history linked to fraud
The U.S. Department of Justice has seized over $225.3M in cryptocurrency tied to fraudulent investment schemes known as βcrypto-confidence scams.β This marks the largest digital asset seizure ever carried out by the U.S. Secret Service and FBI.
Scammers lured victims by posing as legitimate investment platforms. According to investigators, hundreds of U.S. citizens and over 400 people worldwide were affected. In 2024 alone, damages from such schemes exceeded $5.8B.
The U.S. Department of Justice has seized over $225.3M in cryptocurrency tied to fraudulent investment schemes known as βcrypto-confidence scams.β This marks the largest digital asset seizure ever carried out by the U.S. Secret Service and FBI.
Scammers lured victims by posing as legitimate investment platforms. According to investigators, hundreds of U.S. citizens and over 400 people worldwide were affected. In 2024 alone, damages from such schemes exceeded $5.8B.
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Crypto Insider
Circle stock surges 200% β rising from its $31 IPO price to $94.41.
Circle has soared 450% since going public two weeks ago.
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