‍FTC Mandates Nomad Operator Repay Users After $186M Hack The U.S. Federal Trade Commission (FTC) has ordered Illusory Systems Inc., the operator of the Nomad cross-chain bridge, to repay users for losses stemming from the 2022 $186 million exploit. The FTC cited misrepresentations about the platform's security. The breach occurred on August 1, 2022, due to a critical vulnerability introduced in June 2022. Hackers stole approximately $186 million in digital assets. The FTC found that Illusory Systems failed to implement secure coding practices and adequately test smart contracts. Under the proposed settlement, Illusory Systems must implement a comprehensive information-security program, undergo regular independent security assessments, and return all recovered funds to affected users. The company is also prohibited from making future misrepresentations about its security measures.
Cryptovka
FTC Orders Nomad Operator to Repay Users After $186M Bridge Hack
The U.S. Federal Trade Commission (FTC) has taken decisive action against Illusory Systems Inc., the company behind the Nomad cross-chain bridge,...
‍Bitcoin ETFs Witness $358M Outflow Amidst Market Correction Spot Bitcoin ETFs experienced a significant net outflow of $358 million, the largest in over three weeks. This, coupled with Bitcoin's recent price dip, has raised questions about institutional sentiment and the possibility of BTC reaching $100,000 this year. Analysis indicates that external macroeconomic factors may be contributing to the correction. Despite the outflows, key metrics like Bitcoin's correlation with gold and implied volatility remain relatively stable, suggesting that fundamental institutional interest may not have shifted significantly. Further data on liquidity injections is pending.
Cryptovka
Bitcoin ETFs See $358M Outflow: Are Institutions Losing Faith in BTC?
A significant outflow from spot Bitcoin exchange-traded funds (ETFs) has sparked debate about the current sentiment of institutional investors....
‍KindlyMD Faces Nasdaq Delisting Amidst 99% Stock Plunge KindlyMD's stock (NAKA) has fallen dramatically, closing at $0.38, a 99% decrease from its yearly high of $34.77. The company is at risk of delisting from Nasdaq if its shares do not consistently trade above $1.00 by June 8, 2026. This follows a challenging period post-merger with Nakamoto. Despite holding approximately 5,398 BTC ($474 million), the company's market capitalization is reportedly $256 million. CEO David Bailey has acknowledged market volatility and encouraged short-term traders to exit.
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KindlyMD
The Bitcoin treasury firm KindlyMD is currently under threat of being delisted from the Nasdaq stock exchange....
‍Trump Hints at Bipartisan SEC/CFTC Appointments, Potentially Reviving Crypto Bill President Trump has indicated openness to appointing Democratic commissioners to the SEC and CFTC. This move could be crucial for advancing the stalled crypto market structure bill in the Senate, which requires bipartisan oversight for new powers granted to these agencies. Democratic senators have signaled that their party's involvement in the rulemaking process is essential for the bill's passage. Trump's comments suggest a willingness to share power, a potential compromise to ease these concerns. However, the bill's timeline remains uncertain. The Senate Banking Committee is not expected to formally consider it until January 2026 at the earliest, as bipartisan negotiations continue amidst a closing legislative window before the 2026 midterms.
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Trump Signals Openness to Bipartisan SEC, CFTC, Boosting Crypto Bill
President Donald Trump has indicated a willingness to appoint Democratic commissioners to key financial regulatory bodies, a move that could potent...
‍Senator Warren Voices Concerns Over DEXs and Trump's Crypto Ties Senator Elizabeth Warren has raised significant concerns regarding the national security risks posed by decentralized exchanges (DEXs), specifically highlighting PancakeSwap. She cited its alleged connection to a Trump-linked stablecoin and its role in laundering funds stolen by North Korean hackers, calling for enhanced regulatory oversight. Warren has formally inquired with the Treasury Secretary and Attorney General about existing regulatory gaps and actions being taken to address the risks of DEXs operating without stringent AML and KYC protocols. She noted reports indicating approximately $263 million from a $1.4 billion Bybit exchange theft was funneled through PancakeSwap. Further concerns involve PancakeSwap's promotion of the USD1 stablecoin, linked to the Trump family. Warren expressed apprehension about potential "improper political influence by the Trump administration on enforcement decisions." This follows her previous criticisms of the President's actions regarding crypto and reports alleging substantial earnings by the Trump family from crypto ventures.
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Warren Raises Alarm Over DEXs, Citing Trump
Senator Elizabeth Warren has voiced significant concerns regarding the national security risks potentially posed by decentralized exchanges (DEXs)....
‍RedotPay Secures $107M Series B for Stablecoin Payments Expansion Hong Kong-based RedotPay has closed a $107 million Series B funding round, bringing their 2025 total to $194 million. The round was led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, and Circle Ventures. Founded in 2023, RedotPay offers stablecoin payment products, including a card for spending digital assets and cross-border transfer rails. They report over 6 million users across 100+ markets, with an annualized payment volume exceeding $10 billion. The funds will support acquisitions, licensing, compliance, and talent acquisition. This funding reflects strong investor confidence in the growing stablecoin sector, further boosted by the US GENIUS Act. The stablecoin market has grown by over $50 billion to approximately $309.55 billion. RedotPay has also partnered with Ripple for a crypto-to-naira payout feature in Nigeria.
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RedotPay Secures $107M in Series B for Stablecoin Payments Expansion
Hong Kong-based stablecoin payments company, RedotPay, has successfully closed a $107 million Series B funding round....
‍Keel to Inject $500M into Solana's RWA Market Keel has launched Season 1 of the Tokenization Regatta, a competition designed to allocate up to $500 million to selected tokenized assets on the Solana blockchain. This initiative aims to boost Solana's RWA ecosystem, potentially increasing the distributed value by over 60%. Asset issuers can apply through a formal RFP process. Applications opened on December 11, 2025, with tracks for immediate deployment or future development. Submissions will be evaluated on tokenization model quality, yield potential, and liquidity.
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Keel to Inject $500M into Solana
Keel, a Solana-native onchain capital allocator, has announced a significant initiative to bolster the Real-World Asset (RWA) ecosystem on the Sola...
‍Institutions Withdraw Over $580M from Crypto ETFs Amid Volatility U.S. spot Bitcoin and Ethereum ETFs saw their largest combined net outflow in over two weeks, totaling $582.4 million on Monday. This suggests institutional investors are reducing risk exposure due to renewed U.S. equity volatility and global monetary policy uncertainty. Bitcoin ETFs experienced $357.6 million in outflows, while Ethereum ETFs saw nearly $225 million withdrawn. Analysts note Bitcoin is increasingly correlating with the Nasdaq, acting as a derivative. Economic pressures, including inflation concerns and rising Treasury yields, contribute to this trend. Despite short-term de-risking, a cautiously optimistic long-term outlook persists, with factors like expanding global liquidity and institutional infrastructure supporting potential recovery.
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Crypto ETFs See Over $580M in Outflows as Institutions Pare Risk
U.S.-based spot Bitcoin and Ethereum exchange-traded funds (ETFs) experienced their largest combined daily net outflow in over two weeks, with a to...
‍Visa Rolls Out USDC Settlements on Solana for US Banks Payment industry leader Visa has launched USD Coin (USDC) settlement services for US financial institutions, utilizing the Solana blockchain. Cross River Bank and Lead Bank are the first participants. This initiative aims to modernize treasury operations with faster, programmable settlement options. Visa is also a design partner for Circle's new Arc blockchain. The company has established a Stablecoins Advisory Practice and expanded stablecoin services to Central/Eastern Europe, the Middle East, and Africa. A pilot program for businesses to send USDC payouts is underway, with wider availability expected in 2026.
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Visa Rolls Out USDC Settlements for US Banks on the Solana Blockchain
Payment industry leader Visa has officially launched USD Coin (USDC) settlement services for financial institutions in the United States, marking a...
‍Lucky Train Launches on TON with Gamified Staking Model Lucky Train has launched its Web3 gaming application on the TON blockchain, introducing a gamified staking-like model framed as a train journey. Accessible via a Telegram Mini App, the experience is fully on-chain. Users purchase a "ticket" (smart contract) to lock TrainCoin (TRN) tokens for a specified duration. Upon completion, tokens are unlocked with rewards. TRN has a fixed supply and a deflationary model, with tokens burned during ticket purchases and ride initiation. All operations are on-chain, ensuring transparency and user control of locked funds. The project has been audited by ToneBit and CertiK. Rewards are managed by smart contracts, funded by token supply and ticket sales.
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Lucky Train Launches on TON with Gamified Staking-like Model
Lucky Train has announced the launch of its Web3 gaming application on the TON blockchain, introducing a novel participation model that frames a...