AI-powered summaries of the day's top crypto events
A former White House teleprompter operator, Gabriel Perez, has been ordered to surrender $107,539.02 in profits made from trading on prediction markets with advance access to presidential speeches. The Commodity Futures Trading Commission also imposed a $65,000 civil penalty and a three-year trading ban on Perez.
The Cronos network, linked to Crypto.com, has halted operations following a $75 million exploit involving the Tectonic platform. The attacker manipulated the price of the illiquid TONIC token to borrow against inflated collateral, similar to the Mango Markets incident.
Sber, Russia's largest bank, is set to accept USDT and Ether as collateral for loans, alongside Bitcoin. This development comes as Russia introduces regulated crypto trading under new legislation, potentially increasing the adoption of digital assets in the country.
Chainalysis has filed a lawsuit against the US Immigration and Customs Enforcement (ICE), alleging unfair practices in awarding a $95 million contract to TRM Labs. The lawsuit seeks to block the contract and demands a full and open competition for the blockchain analytics services.