8+ min ago (393+ words) Binance is facing fresh legal pressure after a group of 306 US citizens linked to victims of the Hamas attack on Israel in October 2023 filed a lawsuit against the platform and its founder, Changpeng Zhao. They claim that the firm enabled large illegal payments to Hamas and other U.S.-designated terrorist organizations. The complaint says Binance knowingly helped Hamas, Hezbollah, Palestinian Islamic Jihad, and Iran's Revolutionary Guard move more than $1 billion through its platform. More than $50 million of that amount was allegedly transferred after the attack. In November 2023, Binance admitted to federal violations, including failures in anti-money laundering and sanctions enforcement. As part of the plea, the platform agreed to pay about $4.3 billion in penalties. Zhao also received a four-month prison sentence. A few months ago, President Donald Trump pardoned him, as we reported. The plaintiffs argue that the platform built its…...

51+ min ago (335+ words) As we discussed earlier,the XDC Network, together with SecuX, has partnered to deliver secure, scalable access to the XDC ecosystem. This current issuance, announced via a Reuters press on November 20, underscores XDC's aggressive push into Latin America's rapidly expanding digital finance landscape, where regulatory-compliant blockchain solutions are reshaping traditional markets. In addition, this signals that XDC is becoming a key player in merging traditional finance with on-chain transparency and global investor access. In the context of XDC's expansion into Latin America, the GFTN Global Digital Assets Report noted: This expansion underscores how the XDC Network is emerging as a key infrastructure layer for bringing traditional debt markets on-chain, enabling greater transparency, programmability, and global investor access. Importantly, this funding could also encourage more governments and companies in Latin America to adopt blockchain for regulated financial products. As with crypto,…...

1+ hour, 15+ min ago (428+ words) Stellar is advancing its zero-knowledge infrastructure as the X-Ray upgrade prepares for its network-wide review. According to Stellar's blog post, Protocol 25 introduces new cryptographic foundations intended to protect privacy-focused tools. Developers across the network have been clamoring for privacy that aligns with regulatory expectations, and X-Ray is heading in that direction. The upgrade includes native support for the BN254 curve and the Poseidon hash function family, two components widely used in modern ZK architectures. X-Ray is the first actual implementation of that strategy. It creates an opening for applications that allow the user to decide what data they will share, and network operators maintain the option to verify activity if needed. According to the blog post, "X-Ray, named after the everyday tool used to show only what needs to be seen and nothing more." X-Ray sets Stellar in the contest as…...

1+ hour, 24+ min ago (398+ words) The U.S. Securities and Exchange Commission (SEC) has issued a no-action letter to Solana-based DePIN platform Fuse. This decentralised physical infrastructure network (DePIN) project distributed the native FUSE token as a reward to all network participants who contribute towards infrastructure maintenance. Earlier on November 19, the Solana DePIN project Fuse submitted a request to the SEC's Division of Corporation Finance, seeking confirmation that the agency would not pursue enforcement action if the project continues offering and selling FUSE tokens. In its request, the project argued that FUSE is intended strictly for network utility rather than speculation. They also noted that the FUSE tokens can only be redeemed through third parties at prevailing market prices and are designed for use within the protocol. In a letter on November 24, Jonathan Ingram, the Division of Corporation Finance's deputy chief counsel, wrote: "Based on the facts…...

2+ hour, 12+ min ago (557+ words) [MUMU / Binance]Binance Charity, the philanthropic wing of the global crypto powerhouse, has revealed that it's directed a significant tranche of funds to Vietnam. A total of $200K has been committed to help with relief efforts in the wake of unprecedented flooding in the country. The commitment assists a global region, in Southeast Asia, that is close [...] [MUMU / Binance]Binance Charity, the philanthropic wing of the global crypto powerhouse, has revealed that it's directed a significant tranche of funds to Vietnam. A total of $200K has been committed to help with relief efforts in the wake of unprecedented flooding in the country. The commitment assists a global region, in Southeast Asia, that is close to Binance Charity's heart, and where there's a real need for philanthropy to help Vietnam's flood victims. The funding was handed over by Binance Charity representatives in Ho…...

2+ hour, 23+ min ago (382+ words) VeChain (VET) has announced a new partnership with Rekord to advance efforts to transform tokenization infrastructure for Real World Assets (RWA). According to the official post made by VeChain, its energy-efficient blockchain and the incredible ability of Rekord could significantly upgrade Data Streams into a tamper-proof system. Most importantly, this would also come along with "minimal integration efforts." Rekord's decision to settle on VeChain for this collaboration was motivated by its regulated use case, "enterprise-focused network for high value", etc. As also featured in our earlier coverage, VeChain has been labeled as one of the "titans" of Real-World tokenization. Most importantly, this partnership is expected to transform multiple technological initiatives in Europe, including the Digital Product Passports (DPPs) being introduced by the Ecodesign for Sustainable Products Regulation (ESPR). According to reports, the DPP is meant to deliver the circular economy…...

15+ hour, 59+ min ago (273+ words) Crypto'funds recorded'$1.94 billion in outflows last week, stretching the selloff streak to a whole month. The ongoing retreat has now totaled $4.92 billion over four weeks, placing it as the third-largest withdrawal run since early 2018, according to CoinShares Research. The withdrawals represent about 2.9% of total assets under management and mark a substantial shift in market sentiment. Investors are reacting to falling prices, profit-taking, and economic uncertainty. Despite the selloff, markets indicated a possible change over the weekend. On Friday, Investment flows returned, showing investors are slowly regaining confidence in some products. Bitcoin saw the heaviest pressure, with crypto outflows reaching $1.27 billion during the week. This accounted for the majority of total withdrawals. However, Friday's trading showed signs of life, as Bitcoin pulled in $225 million in inflows, the highest single-day recovery among all products. Investor hedging was evident in the performance of…...

17+ hour, 22+ min ago (431+ words) An article in the European Central Bank's Financial Stability Review on Monday warned that rapid growth in stablecoins could pull valuable retail deposits away from eurozone banks and create fresh channels for stress in global markets, including U.S. government debt and bank funding conditions. Stablecoins now hold a combined market value above $280 billion. That figure remains small compared with global finance, yet issuers already stand among the largest buyers of U.S. Treasury bills, giving the sector influence over a core safe asset market. Although promoted initially for value storage and cross-border transfers, actual use skews toward crypto trading. The ECB reported that around 80% of trades carried out globally on centralized crypto platforms involve stablecoins, while current use in the euro area payment system still accounts for only a minor share. In the latest report, the ECB says: "Significant growth in stablecoins could…...

17+ hour, 31+ min ago (604+ words) China is back in the top three Bitcoin (BTC) mining hubs in the world despite a 2021 nationwide ban. The Chinese government expected that the Bitcoin industry would disappear; however, four years later, the mining data tells a different story. According to a recent report from Reuters, China is gradually staging a comeback in Bitcoin mining. After the 2021 ban, Mining farms were dismantled, and the hash rate collapsed to nearly zero. Consequently, mining operators sought refuge in other jurisdictions, including Kazakhstan, Russia, and the United States. Four years down the line, China is back and is currently ranked among the top three crypto mining centers in the world. Chinese crypto miners now contribute approximately 14-20% of the total Bitcoin hashrate. This comeback is closely attributed to the emergence of underground Bitcoin mining, largely concentrated in regions with cheap and abundant electricity. Chinese…...

19+ hour, 49+ min ago (396+ words) Zach Pandl, Head of Research at Grayscale Investments, and Michael Zhao, Vice President in the Product and Research Group, released a research report titled "The Link Between Worlds." The report opens by explaining that blockchains have the potential to transform finance, but their impact depends on strong connections to real-world assets and systems. According to the authors, Chainlink is "the critical connective tissue between crypto and traditional finance." Grayscale emphasises that Chainlink's potential lies in its role in tokenisation. Over time, Chainlink has enhanced its impact by collaborating with leading financial institutions. For example, S&P Global Ratings currently releases its Stablecoin Stability Assessments (SSAs) on-chain via Chainlink. FTSE Russell uses Chainlink DataLink to publish its financial indices on-chain, with the system now supporting over $25 trillion in transaction volume and helping secure nearly $100 billion in DeFi value. According to the…...