Dec 12, 2025
Law and Order
Florida Seizes $1.5M in Dogecoin, Pepe and Solana Over Case Tied to Chinese National
Florida prosecutors have announced the seizure of about $1.5 million in crypto on Thursday after tracing funds from a Citrus County investment scam to a wallet tied to a Chinese national. Attorney General James Uthmeier said the Office of Statewide Prosecution’s Cyber Fraud Enforcement Unit obtained a court order targeting assets held by Tu Weizhi, who is now charged with money laundering, grand theft, and an organized scheme to defraud. While scammers are changing their methods, I am proud of...
Nov 20, 2025
Technology
Record Financial Pushes Real-Time Royalties on Avalanche to Modernize Music Payments
For years, crypto has tried to break into the music industry. 3LAU’s Royal, Sound.xyz, and Stage have showcased how blockchain could give fans new ways to support artists, collect digital music, and participate in cultural moments. But despite the early excitement, none of these platforms has managed to reshape the industry’s core infrastructure or reach everyday musicians at scale. While they were consumer-facing experiments that were successful in their own right, Record Financial is taking...
Oct 28, 2025
Coins
Bank of Korea Warns on Stablecoin Depeg Risks, Says Banks Should Lead
South Korea's central bank has sounded the alarm on won-denominated stablecoins, warning private issuers lack the institutional trust required to maintain stable currency and urging traditional banks to take the lead instead. The Bank of Korea (BOK) released a report Monday outlining major risks associated with won-pegged stablecoins, comparing them to historical currency failures from America's mid-19th-century free-banking era to Korea's own Dangbaekjeon crisis under King Gojong. "Currency ope...
Oct 17, 2025
Law and Order
FIFA Hit With Swiss Criminal Complaint Over NFT World Cup Ticket Vouchers
Gespa, the lottery and gambling authority of Switzerland, has formally filed a criminal complaint regarding FIFA Collect, the international soccer governing body’s blockchain collectibles platform, the organization announced on Friday. The authority had begun an initial assessment and preliminary probe into FIFA Collect and its offerings—like its “right-to-buy” ticket NFTs— in early October, telling Decrypt that it “couldn’t rule out” whether the platform’s offerings would be relevant to Swiss g...
Oct 6, 2025
Markets
FIFA World Cup Blockchain Ticketing Platform Raises Swiss Regulatory Scrutiny: Report
Gespa, Switzerland’s gambling authority, has begun a preliminary probe into FIFA’s new “Right-to-Buy” blockchain collectibles, aiming to determine whether the soccer governing body has complied with local gambling laws, according to a report from Bloomberg. The “right-to-buy” (RTB) collectibles, offered via the FIFA Collect platform, provide users the option to purchase tickets to the upcoming 2026 World Cup to be hosted in North America. The collectibles are initially sold directly by FIFA, b...
Oct 6, 2025
Markets
Layer-1 Sector Leads Altcoin Gains in First Week of Q4
The first week of October delivered a strong performance for the crypto market, with Bitcoin setting record highs and the layer-1 sector leading the charge among altcoins. The category, which includes assets like Solana, Avalanche, BNB, Sui, and Aptos, posted a 12.54% gain from September 29th to October 5th, according to Velo data. The layer-2 sector was the closest competitor, rising 11.32% over the same period, while other niches, such as meme coins, DeFi, gaming, and AI, saw more modest retur...
Oct 2, 2025
Business
Avalanche Treasury Co. Coming With Foundation Support via $675 Million SPAC Deal
A new treasury company is spinning up with the goal of amassing a significant amount of Avalanche cryptocurrency, with support from the Avalanche Foundation. Avalanche Treasury Co. has announced a definitive business combination agreement with Mountain Lake Acquisition Corp. (Nasdaq: MLAC), creating a publicly traded company focused on institutional AVAX exposure. The transaction is valued at over $675 million and includes approximately $460 million in treasury assets, the companies said, with a...
Sep 23, 2025
Markets
Mantle, Avalanche, Aster Defy Crypto Market Downturn—Here’s Why
The crypto market has experienced a notable downturn over the past week, and is trading flat on the day. However, a handful of altcoins are defying this move, with some even posting double-digit gains on the day. The biggest winner of the day is Ethereum layer-2 network Mantle, which climbed 12.1% on the day to a $5.9 billion market cap as the 37th largest cryptocurrency. The double-digit jump follows Mantle’s partnership with centralized exchange Bybit, which offers higher leverage rates and be...
Sep 22, 2025
Markets
Bitcoin Miner AgriFORCE’s Stock Jumps 200% on $550 Million Avalanche Treasury Move
The crypto treasury trend keeps expanding to encompass new assets, and on Monday, Avalanche got its first Nasdaq-listed firm to commit to buying AVAX—and the company's stock price has skyrocketed. AgriFORCE Growing Systems Ltd. (Nasdaq: AGRI) announced Monday that it will rebrand as AVAX One and plans to raise approximately $550 million as it refocuses on buying and holding AVAX, the native token of the Avalanche blockchain network. Unlike some publicly traded firms that previously had no connec...
Sep 18, 2025
Coins
BDACS, Woori Bank Launch South Korea’s First Won-Backed Stablecoin on Avalanche
Digital asset custodian BDACS has launched KRW1, South Korea's first fully regulated won-backed stablecoin, in partnership with Woori Bank. The announcement follows completion of a proof of concept validating technical infrastructure spanning fiat deposits, token issuance, and blockchain verification, as per a Thursday press release. 🚀BDACS launch KRW1 — the first fully KRW-backed stablecoin on @Avalanche developed with Woori Bank.📄Full press release:👉English:https://t.co/Jcg90etVrE👉Korean:...
Sep 17, 2025
Markets
Avalanche, Sui, and Bonk ETFs Test SEC as Issuers Push Into Riskier Territory
A flood of crypto ETF applications hit the Securities and Exchange Commission on Tuesday, with five distinct filings spanning everything from Avalanche infrastructure to Bonk (BONK) in what one analyst called "wild" territory. The lineup includes Bitwise’s spot Avalanche ETF and a Stablecoin & Tokenization ETF, Defiance ETFs built around Bitcoin and Ethereum basis trades, Tuttle’s “Income Blast” funds covering Bonk (BONK), Litecoin (LTC), and Sui (SUI), and T-Rex’s leveraged 2x Orbs ETF, accordi...
Sep 16, 2025
Markets
Bitwise Files for Avalanche ETF Ahead of US XRP, Dogecoin Fund Debuts
Crypto asset manager Bitwise has filed the paperwork to debut an Avalanche exchange-traded fund just as new altcoin investment vehicles are expected to hit the U.S. market. A Monday S-1 filing with the Securities and Exchange Commission shows that the "Bitwise Avalanche ETF" would use America's biggest exchange, Coinbase, to custody the digital assets. Avalanche is the crypto network behind AVAX, the 19th-largest digital asset by market cap. Avalanche rivals Ethereum by offering a cheaper and...
Aug 25, 2025
Law and Order
Grayscale Files to Convert Avalanche Trust to ETF
Crypto asset manager Grayscale submitted a registration statement for its Avalanche Trust to the U.S. Securities and Exchange Commission on Friday, seeking approval to “uplist” the investment vehicle and convert it into a full-fledged exchange-traded fund. The product, which Grayscale introduced last year as a private placement for accredited investors, would offer exposure to Avalanche’s spot price on the Nasdaq, while the fund’s coins are safeguarded by crypto exchange Coinbase, according to a...
Aug 14, 2025
Law and Order
Hacked Again? BtcTurk Suspends Withdrawals After $49 Million in Suspicious Transfers
Turkish crypto exchange BtcTurk on Thursday froze customer withdrawals after blockchain analysts flagged that nearly $50 million had left the platform in suspicious transfers. The exchange announced on X that it had suspended withdrawals while it conducted "detailed investigations" into the money movements. It assured users that their funds were safe. BtcTurk did not immediately respond to Decrypt's questions. #PeckShieldAlert @btcturk has been hacked, w/ estimated losses of ~$49M https://t....
Jul 31, 2025
Business
Visa Adds More Stablecoin Features, Unveiling Avalanche, Stellar Support
Visa said Thursday it will expand its stablecoin settlement capabilities, adding support for three additional digital tokens and two new blockchain networks. The payments giant said that its infrastructure now supports PayPal’s PYUSD, Paxos-issued USDG, and Circle's EURC. Visa also said that clients using Visa's stablecoin services can accept the tokens via Avalanche and Stellar, too. Visa Says It's Not Slowing Down Plans for Crypto Products Previously, Visa's stablecoin services were limited...
Jul 28, 2025
Markets
Altcoins AVAX, OP, and WLD Climb As BNB Sets New All-time High
BNB set a new all-time high on Monday as it surged 7% on the day to a peak of $858, securing its place as the fifth largest cryptocurrency by market capitalization. The cryptocurrency has since retreated to $851, up 6.6% over the past 24 hours, according to CoinGecko data. It follows the announcement that a drug company is set to buy up $700 million worth of BNB, as the latest in the corporate crypto treasury trend. Alongside BNB's all-time high, other altcoins have jumped in value. Leading the...
Jul 25, 2025
Gaming
Off the Grid Skin Sale Volume Nears $30K as the Avalanche Shooter Hits OpenSea
Avalanche shooter Off the Grid is now allowing the first phase of players to buy and sell in-game items on popular NFT marketplace OpenSea. In less than 24 hours, just shy of $30,000 worth of skin sales have been processed on the secondary market—with one skin going for more than $1,600. Off the Grid is a buzzy extraction battle royale that sees players fight to extract “hexes” that contain weapon and cosmetic skins. The game was initially run exclusively on the GUNZ testnet, an Avalanche L1 net...
Jul 13, 2025
Gaming
This Week in Crypto Games: 'Off the Grid' Token Hits Solana, More Games Shut Down
It's tough to keep tabs on the ever-changing crypto gaming space, thanks to the constant flow of news: everything from big game launches and fun degen experiments to token price swings and occasional project collapses. It's a lot to follow. Luckily, we're plugged in at Decrypt's GG. We cover the biggest happenings throughout the week, and then this weekly roundup provides a quick way to catch up, as well as find a bunch of other little bits of news from throughout the week. Top stories GUN expan...
Jul 7, 2025
Gaming
'Off the Grid' GUN Token Expanding From Avalanche to Solana—Here's Why
Off the Grid’s GUN token is set to expand to Solana on Thursday after originally being launched exclusively on Avalanche, which powers the battle royale shooter’s dedicated L1 network, GUNZ. A Solana-themed skin pack has also been released for the game, marking the ecosystem expansion. The move is largely motivated by lowering the barrier for entry for users to buy the GUN token, as well as part of what an official X post called the project’s “multi-chain ethos”—suggesting that other chains coul...
Jul 6, 2025
Gaming
This Week in Crypto Games: Planetside Dev's 'Reaper Actual', What's Next for 'MapleStory Universe'
It's tough to keep tabs on the ever-changing crypto gaming space, thanks to the constant flow of news: everything from big game launches and fun degen experiments to token price swings and occasional project collapses. It's a lot to follow. Luckily, we're plugged in at Decrypt's GG. We cover the biggest happenings throughout the week, and then this weekly roundup provides a quick way to catch up, as well as find a bunch of other little bits of news from throughout the week. Top stories Reaper Ac...

