Bybit is taking North Korea and the Lazarus Group to U.S. court after a reported $1.5 billion crypto hack, securing a freeze on identified stolen assets while chasing recovery. The case underscores how state-linked cybercrime keeps testing crypto’s security, custody, and trust.
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The CFTC is reportedly pressing prediction markets to ditch moneyline odds, signaling that sportsbook-style framing could invite sharper gambling scrutiny. The clash highlights a bigger question: are these platforms useful event-pricing tools, or just casinos with a fintech glow-up?
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Bybit has sued North Korea, its military intelligence unit, and the Lazarus Group in U.S. court over the $1.5 billion crypto hack, as a judge freezes some assets while investigators race to track the stolen Ether before it vanishes for good.
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Senate leaders have pushed the CLARITY Act vote to September, extending the U.S. crypto market structure stalemate and keeping the SEC-CFTC fight unresolved. Markets may wobble, but the real issue is whether lawmakers can finally write rules that protect builders and punish scammers.
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The CFTC is warning prediction markets to stop dressing up event contracts like sportsbook bets, as Kalshi battles a growing state-led crackdown. With New York, Utah and Washington pushing back hard, the fight is now over whether these products are financial markets or gambling in a suit.
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U.S. sanctions have hit Shelbit, Aban Tether, and an Iranian national over allegations they helped move crypto for Iran-linked networks and evade restrictions. The move shows how Washington is targeting centralized exchanges and stablecoins as key choke points in sanctions enforcement.
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Bitcoin developer René Pickhardt says self-custody fears and key management headaches made him hold back on buying more BTC — a blunt reminder that Bitcoin’s sovereignty comes with real responsibility, and wallet flaws can turn “be your own bank” into a very expensive lesson.
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Bitcoin climbed back above $65,000 after a shockingly weak U.S. jobs report cooled Fed tightening fears and gave risk assets a lift. Traders now eye August CPI, with inflation and geopolitics still the real threats hanging over Bitcoin’s next move.
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Russia detained more than 20 people in raids on nine unregistered Moscow crypto exchanges, alleging they helped launder phone-scam proceeds into crypto. The crackdown lands just as new rules kick in, signaling tighter state control over crypto, mining, and market access.
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Morgan Stanley has reportedly added Bitcoin for three straight days, with Arkham Intelligence suggesting the bank now holds about $400 million in BTC. The move underscores growing Wall Street exposure to Bitcoin, even if the exact reason for the buying remains unclear.
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