Author: John Smith
California regulators have imposed a $500,000 fine on crypto lending firm Nexo Capital for issuing loans without properly assessing the borrower’s ability to repay. Summary Nexo Capital has been fined $500,000 in California for issuing thousands of loans without assessing borrowers’ ability to repay. The firm has been ordered to transfer all customer funds to its licensed US affiliate, Nexo Financial LLC. Between July 26, 2018, and Nov. 22, 2022, Nexo “offered consumer and commercial loans to at least 5,456 Californians without first considering their ability to make repayments,” the California Department of Financial Protection and Innovation said in a…
XRP price is stabilizing above its 50-day moving average as whale deposits to Binance fall to their lowest level since 2021, easing sell pressure. Summary XRP is holding above its 50-day moving average near $2.05 despite weaker spot and derivatives volume. Whale inflows to Binance have dropped to their lowest levels since 2021, reducing near-term sell pressure. Price remains range-bound between $2.00 support and $2.30 resistance as volatility tightens. XRP was trading at $2.06 at press time, down 1.9% over the past 24 hours. The token has moved within a $2.03–$2.18 range over the last seven days, reflecting tight consolidation…
Security researchers say a low-profile ransomware group is using Polygon smart contracts to hide and rotate its command-and-control infrastructure. Summary DeadLock ransomware, first observed in July 2025, stores rotating proxy addresses inside Polygon smart contracts to evade takedowns. The technique relies only on reading on-chain data and does not exploit vulnerabilities in Polygon or other smart contracts. Researchers warn the method is cheap, decentralized, and difficult to block, even though the campaign has limited confirmed victims so far. Cybersecurity researchers are warning that a recently identified ransomware strain is using Polygon smart contracts in an unusual way that could make…
State Street Corp., long a stalwart of traditional finance, is making its biggest move yet into digital assets, unveiling a platform to support tokenized deposits, stablecoins, and crypto-backed funds for institutional clients. Summary The Boston-based custodian will develop and manage money-market and exchange-traded funds alongside cash products such as tokenized deposits and stablecoins. Last month, State Street partnered with Michael Novogratz’s Galaxy Digital to launch a tokenized fund. The move follows a wave of big banks and asset managers introducing tokenized products. The Boston-based custodian, according to Bloomberg, will develop and manage money-market and exchange-traded funds, collaborating with both its…
A group of Democratic lawmakers has sharply criticized the Securities and Exchange Commission (SEC) for what they describe as a dramatic retreat from enforcing U.S. securities laws against major cryptocurrency firms, warning that the move threatens investors and market integrity. Summary Ongoing litigation against Binance, Coinbase, Kraken and others abruptly ended after Trump was elected. The timing of the closures raises questions about political influence, Dems argue. The letter specifically mentions Justin Sun, whose SEC case remains paused while he invests millions in Trump-linked crypto ventures. In a letter to SEC Chairman Paul Atkins, Democratic Representatives Maxine Waters, Sean Casten,…
Zcash fell 7.6% on the day, defying what would typically be seen as a regulatory win, after the Zcash Foundation said the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the public charity without recommending enforcement action. Summary The Zcash Foundation announced that the SEC has closed its investigation into the organization, without recommending enforcement action. The inquiry, which began in August 2023, raised concerns over certain crypto asset offerings but has now been resolved. Following the news, the ZEC token surged 12%, reversing a recent decline. But today’s downward trajectory underscores a familiar dynamic in crypto…
BitMine’s stock price was stuck in a tight range after the company announced a $200 million investment in MrBeast’s company, as investors awaited the results of a key shareholder vote. Summary BitMine stock remained in a tight range after the company invested in Beast Industries. The company’s shareholder vote ended on Wednesday and the results are coming soon. Technicals suggest that the Ethereum price will rebound in the near term. BitMine, led by Tom Lee, made a significant investment in Beast Industries, underscoring the convergence of digital finance and the creator economy. Beast Industries, which MrBeast runs, operates a media…
MSTR stock price has stabilized this month, helped by the ongoing Bitcoin recovery, and as investors bought the dip after it crashed by over 65% from its highest point in 2025. Summary MSTR stock has formed a bullish divergence and a double-bottom pattern. Technical analysis points to a Bitcoin rebound in the near term. Strategy has more gains to go if Bitcoin rebounds. Strategy, the biggest Bitcoin (BTC) treasury company, was trading at $176 on January 15, up by 18% from its lowest level this year. This article explores the key reasons why the stock may be on the cusp…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum tests $3,300 as on-chain activity rises, while Remittix gains real demand amid resilient crypto markets. Summary Remittix wallet goes live on iOS with $28.8m raised, and full crypto-to-fiat payments launching Feb 9, 2026. With 701m tokens sold and CertiK verification, Remittix gains traction as a real-world PayFi solution. Remittix targets global crypto adoption with bank payouts in 30+ countries and strong investor momentum. Ethereum has also been gaining quite a lot of attention in the crypto market today,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana is back in focus as improving market conditions lift SOL’s outlook, while payment-driven projects like Remittix gain attention alongside Layer-1 recoveries. Summary Rising volume, strong on-chain activity, and firm support levels are keeping bullish Solana price prediction scenarios in play. As interest moves beyond pure L1 performance, payment-focused crypto projects are attracting growing investor attention. With a live wallet, a February 2026 PayFi launch, and over $28.8m raised, Remittix is emerging as a crypto-to-fiat contender alongside established networks…