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Homeowner lawsuit over $170K crypto theft rejected on appeal  

A United States appeals court said a district court was right to toss Ali Sedaghatpour’s lawsuit claiming that his insurer, Lemonade Insurance, should cover him for a crypto scam loss.

South Korea to ramp up oversight of cross-border crypto transactions: Report

South Korea’s finance minister, Choi Sang-Mok, says the country will introduce reporting mandates on cross-border crypto transactions to combat foreign exchange crime.

Too early to say Ethereum L2s are ‘cannibalistic’ to revenue: Sygnum Bank

Ethereum daily fees hover between $1 million to $5 million — far less than the $30 million that was consistently reached throughout 2021 and 2022.

Thailand crypto market is shifting away from retail: Binance Thailand CEO

Thailand is shifting focus to a more mature institutional-focused crypto market, according to the chief executive of Binance Thailand.

Netherlands seeks input on crypto tax monitoring laws to align with EU

The Dutch government wants to align its data collection rules for crypto service providers with the rest of the EU, saying it would “create more transparency.”

Rotation out of ETH into SOL causes another surge in bearishness

The Ethereum FUD fires are burning hotter than ever as Ether has fallen against Bitcoin and Solana while developers are fighting the flames. 

BingX launches ‘ShieldX’ wallet firewall months after $52M hack

The Singapore-based crypto exchange says the new security initiative dubbed “ShieldX” will help prevent future exploits and better safeguard user assets. 

Microsoft shareholders propose firm to look into investing in Bitcoin

Microsoft’s board is already recommending voting against it, arguing they already “evaluate a wide range of investable assets,” including Bitcoin.

US government crypto wallets hacked for $20M — Arkham Intelligence

According to onchain analytics firm Arkham Intelligence, the malicious address currently holds approximately $13 million in assets.

India mulls new crypto ban to support CBDC, Lazarus Group strikes again: Asia Express

India considers new ban on crypto to support the digital rupee, and North Korean hackers are suspected to be behind two recent attacks.

Standard Chartered predicts Bitcoin surge to $125K with Trump win

A second Trump presidency would be good for Bitcoin, a Standard Chartered Bank analyst says. A Harris win would be just OK for crypto.

US lawmaker claims crypto PACs forced out ’important voices in Congress’

Representative Summer Lee took aim at crypto-backed Super PACs funding media buys that could have contributed to two Democratic lawmakers losing their primaries.

Fireblocks launches $1M grant program to boost PYUSD developer adoption

As part of the program, developers can apply for up to $60,000 in grant funding to support their projects.

Solana again clocks record-breaking fee revenue

Solana generated some $8.7 million in economic value from network activity, up from just under $8 million one day prior, according to Blockworks Research.

Pennsylvania House of Representatives passes pro-crypto bill

Co-founder of the Satoshi Action Fund Dennis Porter dubbed the legislation the “Bitcoin rights” bill.

Crypto-native AI will transform Web3: Coinbase Ventures

It will ultimately create a world where autonomous AI agents freely interact with humans onchain, the venture capital firm said. 

OpenAI’s ‘AGI Readiness’ chief quits — ‘I want to be less biased’

Miles Brundage says neither OpenAI nor the world are ready for artificial general intelligence. 

R3 explores strategic options amid blockchain industry challenges

R3 started out as a consortium and grew fast. Now it is reportedly waiting to see where fate takes it next.

Altcoin season ‘more probable’ once Bitcoin hits $80K — Hashkey Capital 

Analysts at Hashkey Capital say altseason could find firmer footing once Bitcoin trades above $80,000.

‘Unusually’ large Bitcoin ETF inflows spark concerns of BTC price decline

Large surges in spot Bitcoin ETF inflows have historically been “followed by bearish price movements,” leading one analyst to warn that a price decline could follow.

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