Category crypto

Mercado Bitcoin Attacker Swaps Tokens for $10.55 Million in ETH, Arkham Says

According to blockchain intelligence firm Arkham, the hacker responsible for the recent Mercado Bitcoin exploit has actively swapped stolen digital assets for approximately $10.55 million worth of Ether. The unauthorized attacker drained funds from the prominent Brazilian cryptocurrency exchange and is now systematically laundering the loot through decentralized finance channels. By converting various altcoins into the high-liquidity cryptocurrency ETH, the perpetrator is attempting to obscure the digital trail of the stolen capital. Blockchain analysts and security firms are continuing to monitor these wallet movements closely as the investigation into the major exchange breach unfolds.

France backs reporting for self-custodied crypto worth 100K euros or more

France has officially backed a new regulatory amendment requiring residents to report self-custodied cryptocurrency assets valued at 100,000 euros or more. This measure aims to close potential tax evasion loopholes and increase financial transparency regarding decentralized digital currencies. By targeting individuals who store their crypto on private hardware wallets rather than traditional exchanges, French authorities are aligning digital assets with traditional wealth reporting standards. The policy reflects a broader European push to tighten oversight on the rapidly growing cryptocurrency market. Ultimately, this reporting obligation seeks to balance innovation with stricter compliance across the financial sector.

Morning Minute: CFTC Clears Stock Perps, Gets Sued the Same Day

The regulatory landscape for cryptocurrency and derivatives shifted dramatically as the Commodity Futures Trading Commission approved the offering of stock perpetual futures to retail investors. However, this major milestone was immediately overshadowed by legal pushback, with the agency facing a federal lawsuit on the very same day it greenlit the controversial financial products. The sudden legal challenge creates intense uncertainty around the future availability of leveraged stock perps in the United States. Market participants and legal experts are now closely watching how the courts will handle this high-stakes clash between regulators and litigants over modern digital trading instruments.

Bitcoin Shrugs Off Midterms as Experts Say Democratic Sweep Was 'Priced In'

Despite expectations of market volatility leading up to the U.S. midterm elections, Bitcoin prices remained remarkably stable following the results. Cryptocurrency experts noted that a potential Democratic sweep had already been heavily priced into the market, neutralizing any severe downward shocks. Rather than reacting to the political shift, the leading digital asset continued to trade within its established range. Market analysts suggested that broader macroeconomic factors and institutional adoption are currently driving Bitcoin's trajectory far more than domestic political outcomes. This muted reaction underscores the growing maturity and resilience of the cryptocurrency market in the face of major geopolitical events.