Quick Summary: OKX founder Star Xu calls Binance’s CZ ‘a habitual liar’ after CZ’s new memoir revisits old contract disputes and makes fresh allegations. Changpeng Zhao, known as CZ, has released a memoir titled Freedom of Money on April 8, reigniting a long-running dispute with OKX founder Star Xu. The book revisits a contract disagreement at OKCoin and alleges that rivals attempted to damage CZ’s reputation by spreading doubt about his abilities as chief technical officer. Xu responded swiftly, taking to X to label CZ a repeat offender when it comes to dishonesty and challenging several of the memoir’s claims.Among…
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Quick Summary: Standard Chartered is reportedly planning to restructure Zodia Custody by absorbing its crypto business into its investment bank while keeping Zodia as a standalone SaaS platform. Standard Chartered is considering a significant restructuring of Zodia Custody, its majority-owned crypto custodian, as major banks increasingly move to bring digital asset infrastructure within their core regulated operations. According to Bloomberg, the UK-based lender intends to absorb Zodia’s crypto custody business into a division of its corporate and investment bank that already provides comparable services. An announcement on the move could come as early as this month.Under the reported plan, Zodia…
Quick Summary: Blockstream CEO Adam Back says quantum computers pose no immediate threat to Bitcoin but urges developers to begin a decade-long migration to quantum-resistant keys. Blockstream chief executive Adam Back has stated that quantum computers do not currently present a practical danger to Bitcoin, while at the same time calling on the industry to begin preparations without delay. Back frames the issue as a long-term challenge rather than an urgent crisis requiring immediate action. His comments signal a measured but proactive stance on an emerging area of concern within the cryptocurrency space.Back is urging developers to allow users approximately…
Quick Summary: Iran intends to charge oil tankers cryptocurrency transit fees of about $1 per barrel for passage through the Strait of Hormuz during a US ceasefire. Iran is preparing to impose cryptocurrency-based transit fees on fully loaded oil tankers navigating the Strait of Hormuz, according to a report by the Financial Times. The plan is set to take effect during a two-week ceasefire between Iran and the United States. The move signals a deliberate effort by Tehran to monetise one of the world’s most critical shipping corridors while sidestepping conventional financial systems.Under the proposed arrangement, tanker operators would be…
Quick Summary: Bitcoin miner Cango reduced its production cost to $68,215 per coin, sold 2,000 BTC in March for ~$137 million, and used proceeds to pay down loans. Cango, the world’s sixth-largest Bitcoin mining company by hashrate, has cut its Bitcoin production cost to $68,215 per coin, representing a 19.3% reduction from the $84,552 average cash cost recorded in the fourth quarter of 2025. The company disclosed the figures in its monthly operational report released on Wednesday. Cango attributed the improvement to a shift toward a lean-production model that emphasizes margin resilience rather than expanding raw scale. The company said…
Quick Summary: Morgan Stanley debuts its MSBT spot bitcoin ETF at a 0.14% fee, undercutting BlackRock’s IBIT fund, which charges 0.25%. Morgan Stanley has launched a new spot bitcoin exchange-traded fund under the ticker MSBT, entering the market with a management fee of 0.14%. The move directly undercuts BlackRock’s IBIT fund, which charges investors 0.25%. The launch marks a notable development in the competitive landscape for bitcoin ETFs in the United States.IBIT currently holds approximately $55 billion in assets, making it the most liquid bitcoin ETF available to investors. The BlackRock fund also leads the market in both trading volume…
Quick Summary: A White House analysis finds banning stablecoin rewards would boost community bank lending by just 0.026%, contradicting industry warnings of catastrophic losses. White House economists have concluded that prohibiting cryptocurrency firms from offering rewards on stablecoins would have a negligible effect on community banks, directly challenging alarming projections put forward by the traditional banking sector. The Council of Economic Advisers released its analysis on Tuesday, entering a heated policy debate between crypto advocates and established financial institutions. The report finds that a ban on stablecoin yield would increase overall bank lending by approximately $2.1 billion while imposing a…
Quick Summary: South Korea’s FSC is tightening crypto withdrawal-delay exemptions after finding exempt accounts accounted for 75.5% of voice-phishing losses. South Korea’s Financial Services Commission has announced plans to strengthen the rules governing exemptions under crypto exchanges’ withdrawal-delay systems, following findings that accounts granted such exemptions were responsible for the majority of voice-phishing-related financial losses. The regulator made the announcement on Wednesday, stating the updated framework was developed in coordination with the Financial Supervisory Service and the Digital Asset eXchange Alliance. The new measures will establish unified standards for when users may bypass mandatory withdrawal delays.Data cited by the FSC…
Quick Summary: Anthropic’s Claude Mythos Preview model has autonomously found serious zero-day vulnerabilities in widely used software, outperforming human researchers and automated tools. Anthropic’s new Claude Mythos Preview model has autonomously identified serious zero-day vulnerabilities in widely used software systems, according to the company. The model’s performance surpassed that of both human security researchers and existing automated tools. The findings represent a notable development in the application of artificial intelligence to cybersecurity research.Among the systems in which Mythos uncovered long-hidden flaws are OpenBSD, FFmpeg, and core components of the Linux operating system. The model demonstrated an ability to rapidly convert…
Quick Summary: Trump’s surprise Iran ceasefire announcement sent Bitcoin from below $68,000 to $72,700 and oil prices down over 20% in minutes. Donald Trump posted a surprise ceasefire announcement on Truth Social at 6:32 PM ET Tuesday, roughly ninety minutes before his own deadline to strike Iranian infrastructure. Trump declared a two-week suspension of attacks, conditional on Iran immediately reopening the Strait of Hormuz, and cited a ten-point Iranian proposal as a workable basis for negotiations. Iran’s Supreme National Security Council formally accepted the terms, and Israel also agreed, according to two White House officials who spoke to Reuters. The…
