Kiit News of crypto
Nearly four years after one of crypto’s most destructive failures erased tens of billions of dollars in value, the collapse of Terraform Labs has returned to the courtroom. A new lawsuit filed in a U.S. federal court accuses trading giant Jane Street of insider trading tied to the 2022 downfall of the Terra ecosystem, a…
Binance.US, the American affiliate of the global crypto exchange, is reportedly exploring expanding within the US to develop and offer “superior products” to the American market, following the Trump administration’s easing of enforcement actions and push for a clear regulatory framework. Binance.US Eyes Local Growth On Monday, Bloomberg reported that Binance founder and former CEO…
Crypto firm Terraform Labs’ wind-down administrator has sued Jane Street in Manhattan federal court, alleging the trading firm used material non-public information from Terraform insiders to trade around the May 2022 collapse of TerraUSD (UST) and Luna. The complaint was filed by Todd R. Snyder, the administrator overseeing recoveries tied to Terraform’s bankruptcy wind-down. It…
US President Donald Trump’s advisory group is looking at a plan to issue a US dollar-backed stablecoin to help people in Gaza who face severe cash shortages and broken banking services. The plan is being talked about by the Board of Peace and a handful of outside advisers. Based on reports by the Financial Times,…
The US’s largest banking lobby has requested the Office of the Comptroller of the Currency (OCC) delay its approval of crypto bank charter applications, suggesting the regulator wait until regulatory uncertainty is cleared. US Banks Call For Crypto Charter Reviews Delay On Wednesday, the American Bankers Association (ABA) asked the OCC to pause the review…
Goldman Sachs has disclosed a new position in XRP through regulated exchange-traded funds, reporting roughly $153 million of exposure in its latest filing for the fourth quarter of 2025. Reports say these holdings come via ETF shares rather than by holding tokens directly, a move that keeps the bank on the record while steering clear…
Hong Kong financial authorities have announced new rules to expand the scope of product offerings, allowing the integration of crypto margin financing and perpetual contracts into the local virtual assets market. Hong Kong Approves Crypto Margin Financing, Perps On Wednesday, Hong Kong’s Securities and Futures Commission (SFC) unveiled a framework for licensed corporations that provide…
Paxful, once one of the largest peer‑to‑peer (P2P) Bitcoin marketplaces, has agreed to pay a $4 million criminal penalty after pleading guilty to multiple federal offenses, the US Department of Justice (DOJ) announced Wednesday. The charges include conspiracies to promote illegal prostitution, operate an unlicensed money transmitting business, violate the Bank Secrecy Act, and knowingly…
BlockFills, a Chicago‑based cryptocurrency trading and lending firm that caters to institutional investors, has temporarily halted client deposits and withdrawals following the latest sharp downturn in digital asset markets. The decision came after Bitcoin (BTC) dropped to around $60,000 last week before recovering some of its losses. A company spokesperson confirmed on Wednesday that the…
Vietnam’s crypto scene is about to face a new tax check. Reports say the Ministry of Finance has floated a draft that would charge a 0.1% levy on each crypto trade or transfer that passes through licensed platforms. The move treats crypto transactions more like stock trades than casual peer-to-peer transfers, and it would apply…