Author: Token Flash
Ildar Ilham, known as Prometheus on X, was arrested in the United Arab Emirates (UAE) today.Less than a month after being connected to the $30 million Zkasino scam, the founder of DeFi protocol WhiteRock, Ildar Ilham, has been taken into custody in the United Arab Emirates (UAE).Following his arrest, the 21-year-old, also known as Prometheus on X, is set to be extradited to the Netherlands for trial, following the issuance of an Interpol Red Notice on March 6.Onchain sleuth ZachXBT publicly addressed Illham’s connection with Zkasino in June, when he said, “At least one team member from the $30M Zkasino…
Bitcoin tags $110,000 as investor sentiment improves following positive jobs data.The crypto market ticked higher on Thursday after U.S. employment data came in better than expected and a new trade agreement with Vietnam was announced.Bitcoin (BTC) is up 2% on the day and is currently changing hands at $110,000. Ethereum (ETH) surged nearly 7% to $2,620. Meanwhile, Solana (SOL) jumped 3% $153, and XRP rose nearly 5% to $2.29.BTC PriceThe total crypto market capitalization remained flat at $3.49 trillion over the past 24 hours, while leveraged liquidations totalled $377 million, according to CoinGlass. BTC led the liquidations with nearly $126…
The token is up 90% this week as the Solana memecoin trenches slowly crawl back to life.Useless Coin (USELESS), a memecoin that is transparently useless, may be leading a small memecoin resurgence on Solana, ahead of the pumpfun token launch.The token is up over 90% this week, and more than 2,400% over the last 30 days, commanding a $247 million market capitalization.USELESS 7-day price chart. Source: CoinGeckoUseless launched on the Bonk (BONK) memecoin’s official token launchpad, letsBONK, and is one of the few survivors from the brief “launchpad meta” that saw traders attempt to find the next big wealth generating…
Belgium’s KBC Bank, the country’s second-largest banking institution with approximately 4 million users and $300 billion in assets, plans to enable retail clients to trade Bitcoin (BTC) and Ether (ETH) through its Bolero investment platformBelgium’s KBC Bank, the country’s second-largest banking institution with approximately 4 million users and $300 billion in assets, plans to enable retail clients to trade Bitcoin (BTC) and Ether (ETH) through its Bolero investment platform. This initiative, pending regulatory approval expected in the autumn of 2025, would mark the first time a major Belgian bank offers direct access to cryptocurrency trading. KBC aims to provide a…
Ripple has partnered with London-based financial-infrastructure firm OpenPayd to integrate real-time euro and pound payment rails into Ripple Payments and provide direct mint-and-burn capabilities for Ripple USD (RLUSD), the company’s dollar-backed stablecoinRipple has partnered with London-based financial-infrastructure firm OpenPayd to integrate real-time euro and pound payment rails into Ripple Payments and provide direct mint-and-burn capabilities for Ripple USD (RLUSD), the company’s dollar-backed stablecoin. The tie-up allows enterprises to move instantly between fiat and the blockchain asset using OpenPayd’s multi-currency accounts, virtual IBANs and single-API access, widening Ripple’s cross-border payment offering.RLUSD, issued on both the XRP Ledger and Ethereum, is positioned…
Amundi, the €2.1 trillion* French asset-management firm that is the largest in Europe, cautioned on Thursday that the United States’ emerging stablecoin rules could undermine the stability of the global payments network. Amundi, the €2.1 trillion* French asset-management firm that is the largest in Europe, cautioned on Thursday that the United States’ emerging stablecoin rules could undermine the stability of the global payments network. The firm said Washington’s approach may encourage an uneven playing field for private digital tokens that seek to maintain a fixed value against sovereign currencies, heightening the risk of capital flight during periods of stress.The warning…
Tech investors Peter Thiel, Palmer Luckey and Joe Lonsdale have teamed up to create Erebor, a digital-first commercial bank designed for cryptocurrency firms and venture-backed technology startupsTech investors Peter Thiel, Palmer Luckey and Joe Lonsdale have teamed up to create Erebor, a digital-first commercial bank designed for cryptocurrency firms and venture-backed technology start-ups. The group has applied for a national bank charter with the Office of the Comptroller of the Currency, according to a filing cited by the Financial Times.Erebor plans to offer a mix of conventional deposit and lending products alongside virtual-currency services such as stablecoin custody. The bank…
Tom Lee, a well-known market strategist, has forecasted that major banks such as Goldman Sachs and JPMorgan are likely to adopt Ethereum (ETH) as a foundational infrastructure for their stablecoin operationsTom Lee, a well-known market strategist, has forecasted that major banks such as Goldman Sachs and JPMorgan are likely to adopt Ethereum (ETH) as a foundational infrastructure for their stablecoin operations. Lee emphasized that banks will purchase ETH not merely for speculative purposes but to secure and support their stablecoins, positioning Ethereum’s architecture as integral to the future of banking. This development suggests a shift in how financial institutions might…
The U.S. Securities and Exchange Commission has stayed a July 1 decision made by a delegated authorityThe U.S. Securities and Exchange Commission has stayed a July 1 decision made by a delegated authority, the SEC’s Division of Trading and Markets, that would have allowed Grayscale Investments to convert its Digital Large Cap Fund into an exchange-traded fund and list it on NYSE Arca. In a notice issued 2 July, the agency said the approval is stayed “until the Commission orders otherwise,” placing the conversion under full commission review.Grayscale’s closed-end fund holds roughly 80% Bitcoin, 12% Ether and a combined stake…
Nasdaq-listed Addentax Group Corp. said it has entered into a non-binding term sheet to buy as many as 12,000 BitcoinNasdaq-listed Addentax Group Corp. said it has entered into a non-binding term sheet to buy as many as 12,000 Bitcoin, currently worth about US$1.3 billion, from an unidentified independent holder. The transaction would be settled with newly issued Addentax shares, according to a statement posted on 2 July.The Shenzhen-based textile and logistics company is valued at roughly US$6.8 million, meaning the prospective purchase would exceed its own market capitalisation by around 200-fold. Addentax, which signalled in May that it was considering…