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UAE Crypto Firm CLS Global Fined $428K for Wash Trading

Uae Crypto Firm Cls Global Fined $428K For Wash Trading

Key Takeaways A federal court in Boston has fined UAE-based crypto market maker CLS Global $428,059 and prohibited it from participating in digital asset markets accessible to U.S. investors for the next three years. The sentencing, announced by the Massachusetts…

Tether Expands Bitcoin Holdings to $8.4 Billion

Tether Expands Bitcoin Holdings To $8.4 Billion

Key Takeaways Tether, the issuer of the world’s largest stablecoin USDT, has expanded its Bitcoin holdings in the first quarter of 2025, purchasing 8,888 BTC for approximately $744 million. On-chain transaction data confirms the acquisition, bringing Tether’s total Bitcoin reserves…

Crypto Hacks in Q1 2025 Hit Record $1.6 Billion: Report

Crypto Hacks In Q1 2025 Hit Record $1.6 Billion: Report

Key Takeaways The first quarter of 2025 has recorded the highest crypto-related losses in history, with security breaches amounting to over $1.6 billion. As per blockchain security firm PeckShield, there’s been a 131% surge in crypto losses compared to the…