Crypto

Ledger said every confirmed case involves devices sold by the Southeast Asian reseller, but critics say the hardware-wallet maker must answer for an authorized sales channel. As much as $93.2 million in crypto was siphoned from wallets linked to the Ledger devices sold by the reseller CryptoBilis, according to several blockchain analytical and intelligence firms. Tether has frozen $10 million in USDT tied to the theft, while Ledger said Sunday.

Crypto

Bitcoin and gold hold steady as a firm dollar and rising bond yields weigh on sentiment, while IREN secures a multiyear cloud services deal with Anthropic. Bitcoin and gold hold steady as a firm dollar and rising bond yields weigh on sentiment, while IREN secures a multiyear cloud services deal with Anthropic. Markets are making a cautious start to the week, with bitcoin trading just above $83,000 and gold around.

Crypto

Coins jointly issued by multiple companies can trap reserves in one jurisdiction while redemption demands hit another, complicating cross-border crisis response. The Financial Stability Board (FSB) warned that stablecoins could expose gaps in cross-border financial rules during a market crisis and remain untested in such a scenario, and called for more cross-border information sharing, monitoring and planning for stablecoin distress or failure. The G20’s financial watchdog said in a report.

Crypto

Loans use third-party custodians for bitcoin holdings and rely on court-ordered sales if borrowers default. Jeonbuk Bank has started offering bitcoin-backed loans to corporate clients, becoming the country's first bank to let firms borrow cash against their crypto holdings. The South Korean bank, a unit of JB Financial Group, will issue loans in the country’s fiat currency, the Korean won, with proceeds limited to business operating costs, according to local.

Crypto

SWI Group said it would use the proceeds from an 800 million-euro ($894 million) fundraise to transform Genesis Digital Assets, acquired from the FTX bankruptcy, from a bitcoin miner to an AI-focused data center. SWI Group (SWICH), which controls the former FTX-owned bitcoin BTC$84,155.39 miner Genesis Digital Assets, said it raised 800 million euros ($894 million) from institutional investors to expand its data center and artificial intelligence (AI) computing data-center.

Crypto

The CoinDesk 80 has risen around 3% in 24 hours, more than double the CoinDesk 5, while spot bitcoin ETFs lost $681 million last week. Small tokens are outpacing the major cryptocurrencies on Monday, with the CoinDesk 80 up around 3% over the past 24 hours, more than double the 1.2% gain in the CoinDesk 5. Bitcoin BTC$84,155.39 is trading below $83,500, after hitting a high above $84,000 on Sunday,.