Nobitex users rush for exit after Tehran airstrikes crash Iranian currency
Iran’s largest crypto exchange, Nobitex, is experiencing issues with its Tether/Toman trading pair during a 700% surge in outflows.
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US margin debt reached all-time highs as crypto lost $2 trillion
Crypto markets have been penalized with downside volatility amid historic levels of US margin debt relative to income.
Chinese banks freeze accounts over crypto memos
Chinese nationals are reporting that putting "Bitcoin," “Dogecoin” or “USDT” in the memo field of a transfer causes the account to be frozen.
— China, Stablecoins
China’s Regulation 42 forces Tether to kill its CNHT stablecoin
Tether has never been in a better place than it is right now, at least in the US. But in China, it's a very different story.
The Context 162: 🛎️ Binance is not committed to compliance or users
Despite Binance's claims about the importance of compliance, it is willing to list TrueUSD, a stablecoin where the reserves is a loan.
NFT investor Adam Weitsman’s X account hacked to shill ‘Clawed Ape Yacht Club’
Hackers took control of scrap-metal billionaire Adam Weitsman's X account to post a forex trading scam and a fake NFT crypto project.
Crypto Capital Corp’s $850M collapse linked to Israeli mafia cocaine ring
Crypto Capital Corp wound down after $850M was seized sometime between late 2018 and early 2019, but the ramifications continue to be felt.
— AI, Blockchain
AI agents want to identify your crypto wallet using social media
New research from ETH Zurich and Anthropic has demonstrated the power of AI agents to deanonymize crypto wallets using social network posts.
DeFi exploiter targets lending protocols with oracle tricks
Ploutos Money used the BTC/USD price for USDC, leading to $400K of ETH being lent against just $8 of collateral.
— Axiom, Polymarket
ZachXBT exposes group of alleged Axiom insider traders
Crypto sleuth ZachXBT suggested that his Axiom investigation may lead to legal proceedings against the alleged insider trading group.