Mastercard just bought stablecoin startup BVNK for $1.8 billion. The SEC and CFTC finally clarified that Bitcoin and Ethereum aren’t securities. The UK dissolved a crypto exchange that moved over $1 billion to help Iran evade sanctions. Meanwhile, Tether announced $1.6 billion in investments over the last year, Venice Protocol lost $3.7 million in a flash loan attack, and an ancient Bitcoin whale just moved 2,100 BTC after 14 years of silence. Here’s a clear look at the most important crypto and tech stories making headlines.<\/p>\n\n\n
If you want to buy, sell, or swap crypto instantly, try Paybis<\/a> now.<\/strong><\/p>\n <\/div>\r<\/div>\n\n\n Mastercard acquired<\/a> stablecoin startup BVNK for $1.8 billion, expanding its presence in the crypto space. The acquisition signals major payment networks are building serious stablecoin infrastructure.<\/p>\n\n\n\n When Mastercard pays $1.8 billion for a stablecoin company, they’re not experimenting. This is a strategic bet that stablecoins will replace traditional payment rails for cross-border transactions. Mastercard sees the future, and it runs on crypto rails, not SWIFT networks.<\/p>\n\n\n\n The SEC and CFTC clarified<\/a> that Bitcoin, Ethereum, and most crypto assets are not classified as securities. The joint statement provides regulatory clarity the industry has demanded for years.<\/p>\n\n\n\n This is the regulatory clarity crypto needed. After years of uncertainty, the SEC and CFTC finally said Bitcoin and Ethereum aren’t securities. Exchanges can list them without fear. Developers can build on them without legal risk. This removes the biggest regulatory cloud hanging over the industry.<\/p>\n\n\n\n UK authorities dissolved<\/a> Zedxion Exchange Ltd, accused of aiding Iran in sanctions evasion with over $1 billion moved. The enforcement action shows governments tracking and shutting down exchanges used to circumvent sanctions.<\/p>\n\n\n\n An exchange moving over $1 billion to help Iran evade sanctions gets dissolved. Regulators can track large-scale sanctions evasion even when it uses crypto. The days of thinking crypto provides perfect anonymity for illegal activity are over.<\/p>\n\n\n\n Tether continues to grow as an investment giant, announcing over $1.6 billion in diverse investments over the last year. The stablecoin issuer is using profits to build a venture portfolio across multiple sectors.<\/p>\n\n\n\n Tether deploying $1.6 billion in investments means stablecoin issuance is massively profitable. They collect interest on billions in reserves and use those profits to become a major investor. The largest stablecoin issuer is becoming a diversified holding company.<\/p>\n\n\n\n Binance saw<\/a> rapid growth in trading activity for its perpetual futures, reaching over $153 billion in volume. The numbers show derivatives dominating crypto trading activity.<\/p>\n\n\n\n One hundred fifty-three billion dollars in perpetual futures volume means most crypto trading happens in derivatives, not spot markets. Traders aren’t buying and holding Bitcoin. They’re leveraging positions and betting on short-term price movements.<\/p>\n\n\n\n Venice Protocol was attacked<\/a> using a flash loan, leading to a $3.7 million loss for the protocol. The exploit demonstrates ongoing vulnerabilities in DeFi smart contracts.<\/p>\n\n\n\n Flash loan attacks keep working because DeFi protocols don’t properly validate their price oracles. Someone borrows millions with no collateral, manipulates prices, drains the protocol, and repays the loan in one transaction. Three million dollars gone in seconds.<\/p>\n\n\n\nMastercard Acquires Stablecoin Startup BVNK for $1.8 Billion<\/h2>\n\n\n\n
SEC and CFTC Clarify Bitcoin and Ethereum Are Not Securities<\/h2>\n\n\n\n
UK Dissolves Exchange That Moved $1 Billion for Iran Sanctions Evasion<\/h2>\n\n\n\n
Tether Announces $1.6 Billion in Investments Over Last Year<\/h2>\n\n\n\n
Binance Perpetual Futures Hit $153 Billion in Volume<\/h2>\n\n\n\n
Venice Protocol Loses $3.7 Million in Flash Loan Attack<\/h2>\n\n\n\n
FTX Phishing Scam Costs User $1.76 Million<\/h2>\n\n\n\n