Author: Kryptonews

Decentralized exchange (DEX) aggregator Matcha Meta suffered a security breach on Sunday through one of its primary liquidity providers, SwapNet, in the latest cyberattack tied to exploiting smart-contract vulnerabilities.Matcha Meta disclosed the breach in a post on X on Sunday, warning that users who had disabled one-time token approvals may be at risk. The protocol urged users to immediately revoke all approvals granted to SwapNet’s router contract to prevent further losses.Estimates of the stolen funds vary. Blockchain security company CertiK said about $13.3 million was taken, while PeckShield said at least $16.8 million was stolen on the Base network.“So far,…

There will come a time when this newsletter is not about crypto market structure legislation. But this is not that time.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeThe Senate Agriculture Committee published its new draft crypto market structure bill last Wednesday.Why it mattersThis bill, like its Banking Committee counterpart, aims to reshape the federal regulatory framework to define how regulators like the Commodity Futures Trading Commission and Securities and Exchange Commission will oversee the crypto markets. And once again, the question is if…

Blockchain investigator ZachXBT has alleged that the person responsible for a multimillion-dollar theft of cryptocurrency from US government-controlled wallets is the son of the chief executive of a firm contracted to safeguard seized digital assets. Key Takeaways: ZachXBT alleges a multimillion-dollar crypto theft from US government wallets is linked to the son of a federal crypto custody contractor’s CEO. The funds were traced to wallets connected to assets seized in the 2016 Bitfinex hack. The claims remain unproven in court, and no charges have been filed as of publication. In a series of posts detailing his findings, ZachXBT claimed that…

Japan’s financial regulator is weighing potential rule changes that could pave the way for cryptocurrency exchange-traded funds (ETFs), with local media reporting that 2028 is being discussed as an early target.According to a report by Nikkei, citing people familiar with the matter, Japan’s Financial Services Agency plans to amend its regulatory framework to allow crypto to be included as eligible ETF assets alongside stronger investor-protection mechanisms. Major financial groups, including Nomura Holdings and SBI Holdings, are among the first companies expected to develop crypto-linked ETF products, Nikkei reported.If implemented, the changes would lower barriers for Japanese retail investors aiming for regulated…

The Ethereum treasury company ETHZilla has purchased two jet engines after selling off some of its crypto stash and increasing its focus on asset tokenization.ETHZilla said in a regulatory filing on Friday that it purchased two aircraft engines through a newly formed subsidiary, ETHZilla Aerospace LLC, for $12.2 million in cash.The engines, which are used in large commercial planes, came with existing lease agreements with a major airline, enabling the firm to begin earning yields from them.The purchase comes after ETHZilla chairman and CEO McAndrew Rudisill said in December that it aims to “build an operating business to bring real-world…

There is no legal way for Web3 prediction markets to operate in Ukraine under current laws, according to a senior official involved in shaping the country’s digital economy policy.In comments shared with CoinDesk days after Ukraine blocked access to Polymarket and nearly 200 gambling-related websites Dmitry Nikolaievskyi, chief legal officer at the Project Office for the Development of Ukraine’s Digital Economy at the Ministry of Digital Transformation, revealed a deadlock for Web3 prediction markets in the country.Nikolaievskyi said that while the decision to ban Polymarket followed existing legal procedures, the underlying problem is that the country’s legal framework doesn’t recognize…

The Financial Conduct Authority has begun seeking final feedback on a set of proposals aiming to apply traditional finance standards to the UK crypto sector.The UK’s financial watchdog is entering the final stages of its consultation process for a host of key proposed crypto regulations as the agency continues to work on the government’s crypto roadmap. The Financial Conduct Authority said on Friday that it is now seeking feedback on 10 crypto regulatory proposals, marking the “final step” of its consultations on potential rules for the sector.“These proposals continue our progress towards an open, sustainable and competitive crypto market that people…

Crypto watchers are speculating that video game retailer GameStop (GME) might be the latest firm to abandon its bitcoin BTC$87,825.60 treasury after moving all its coins to Coinbase this week.Blockchain analytics firm CryptoQuant spotted on Friday that a wallet labeled GameStop had transferred all its stash – some 4,710 BTC, worth about $420 million at current prices – to Coinbase Prime, the U.S.-based crypto exchange’s institutional arm. Blockchain data by Arkham Intelligence confirms the transfers.GameStop bitcoin holdings (Arkham Intelligence) GameStop announced the bitcoin purchase in May. While the company did not disclose how much it spent on the stash, CryptoQuant…

Binance co-founder Changpeng Zhao has ruled out returning to the crypto exchange, despite a pardon from US President Donald Trump opening the door for it to be possible.  Zhao told CNBC’s Squawk Box on Sunday that it’s his understanding that the pardon means the former restrictions “are completely lifted,” but shot down any suggestions of going back to Binance.“I haven’t really needed to go back. I didn’t really want to. I thought it was a pretty good way for me to step down, away from Binance after seven years,” he said.  “At the time, it was very painful. I didn’t like it.…

Nifty Gateway, the non-fungible token (NFT) trading platform that was once central to the 2021 digital art boom, will shut down on Feb. 23, 2026.Starting immediately, the platform has entered withdrawal-only mode, giving users one month to move any NFTs or funds still on the site, according to an announcement from the company. The website also shows a notice of closing on its homepage. Users can withdraw their funds from the platform through a connected Gemini Exchange account or to their bank via Stripe.Nifty website shutdown notice (Nifty) The Gemini-owned platform helped bring digital collectibles to a broader audience by…