The South Korean National Tax Service announced it had seized more than $5 million in cryptocurrency from a group of wealthy tax evaders. In an attempt to make the story eye‑catching, officials posted pictures that included a handwritten recovery phrase next to a Ledger cold wallet. The phrase is
The South Korean government is stepping up its game after a series of mishaps with seized digital money. Last week, police in Seoul lost 22 bitcoins that they had taken from criminals. The loss happened because the officers handed control to a third‑party firm and did not keep the private keys.
Trump Media and Technology Group is thinking about making Truth Social a separate company. The plan would let the new firm merge with Texas Ventures III, while some parts stay in Trump Media. Shareholders would receive stock from the new company before the merger with TAE Technologies, a power
Citigroup is working on a new service that will let investors keep bitcoin in the same kind of secure account they use for stocks and bonds. The idea is to make the digital currency feel as safe and easy to manage as any other asset. The bank’s chief of digital‑asset custody said the new offering w
A recent investigation revealed that a popular Solana‑based trading platform may have let insiders use hidden data to profit from other traders. The platform, part of a well‑known startup accelerator, earned over $390 million largely from volatile meme tokens. A senior employee reportedly accessed a
The U. S. Justice Department announced it has taken control of more than $578 million in digital money linked to foreign crime rings. The assets were found through a special unit that focuses on scams involving cryptocurrency in Southeast Asia. The operation was carried out by the District of Col
The U. S. Senate Banking Committee convened its regular oversight session, but the focus shifted quickly to digital money. A new proposal from the Office of the Comptroller of the Currency (OCC) set the tone, outlining rules for stablecoins under last year’s GENIUS Act. The plan would require issuer
Retail traders have started moving money from crypto into stocks, flipping the old pattern where both were bought together. The change began in late 2024 when data from JPMorgan and Wintermute showed that buying stocks now often means staying away from crypto. One reason is the way prices move. C
Private wealth teams closed the year with a mix of bold moves and cautious bets. Some went big on sports, others on tech or crypto, showing how varied their strategies can be. One firm raised its stake in a famous English football club. Although the news drew attention, the owners say their share i
A major crypto trader faced a steep hit of about $8. 2 million after a risky move on the ARC perpetuals market went south on Lighter, a platform that handles decentralized derivatives. The trader had piled up a huge long position over several days, which pushed the total open interest in ARC to roug
