Crypto World
Super PAC tied to Tether makes first ad buy from firm founded by Tether’s U.S. CEO
The crypto sector’s new Fellowship political action committee disclosed its first contribution ahead of the 2026 congressional midterm elections, and the $300,000 it spent went to a company co-founded by President Donald Trump’s former crypto adviser, Bo Hines — now chief executive of Tether US.
The Fellowship super PAC had advertised itself as a crypto campaign-finance juggernaut last year but hadn’t yet participated in the U.S. midterm elections until a new federal disclosure indicated it’s signed its first check. From the time the PAC was announced, the effort was reportedly tied to Tether, though the company declined to confirm the connection. On April 1, the PAC named Tether US executive Jesse Spiro as its chairman.
Days later, Fellowship quietly made its first expense filing to the Federal Election Commission, reporting that it bought advertising for Georgia Republican Clay Fuller through Nxum Group — a firm co-founded by Hines, father Todd Hines and a third partner. The PAC, which says it’s “rooted in transparency,” hasn’t responded to CoinDesk questions about its formation and funding, nor about the payment that may benefit the Tether US CEO and his relative.
Setting up a super PAC and paying yourself for services isn’t against U.S. campaign-finance rules, as long as the service is provided at appropriate market value, said Michael Beckel at political reform organization Issue One.
“There is no blanket prohibition on self-dealing when we’re talking about political committees like this,” he said in an interview. “The general rule is that services need to be rendered that are bonafide services — actual services — and those rates that are paid have to be fair-market rates.”
Fellowship’s advertising effort on behalf of House of Representatives candidate Fuller isn’t yet clear, apart from the disclosure the PAC made to the FEC that money was given to the advertisement provider for his primary election effort. The funds changed hands just as Fuller was winning his special election, according to the filing.
However, the PAC’s disclosures don’t yet demonstrate a stockpile of contributions to back other candidates, still showing its current accounts at zero, despite an announcement last year that it would be established with pledges of $100 million.
An outside spokesperson for Tether who was asked about the activity at Fellowship responded that Tether International has no affiliation or oversight over Fellowship PAC. The representative offered no response to additional questions about Tether US, deferring further inquiries to the PAC, which didn’t respond.
Tether ties
The PAC became active again only this month when it announced its chairman would be Spiro, the vice president of regulatory affairs for Tether’s U.S. arm. Fellowship also began listing endorsements for Republican politicians seeking House and Senate seats, plus a candidate for governor in South Carolina, Alan Wilson, on its feed at social media site X. The PAC said it’s backing advocates of emerging digital assets technology.
The Fellowship PAC “will begin actively supporting candidates aligned with this vision — leaders who recognize the importance of fostering economic growth and reinforcing the United States as the global leader in next-generation financial infrastructure,” it said in a statement, though Spiro didn’t respond to an attempt to reach him via social media.
The PAC’s first recipient of financial support, Fuller, is an incoming Republican member of the House of Representatives after he just won a special election to replace firebrand Marjorie Taylor Green. Even after that victory, the Georgia politician — not announced among Fellowship’s endorsements — will still need campaign support for the upcoming primary and general election in that state. The money spent by the Fellowship super PAC was an independent expenditure, meaning it had to be handled without strategizing with Fuller’s campaign.
As a candidate, Fuller hasn’t broadcast a position on crypto and doesn’t have a grade at Stand With Crypto, an advocacy group that evaluates candidates’ views. He does have the backing of Trump, who called him “a wonderful and talented man” in a post on Truth Social.
CEO’s old firm
The firm paid by Fellowship PAC, Nxum, included Bo Hines among its owners when he filed ethics disclosures last year as a White House official, working as a leading adviser trying to push crypto legislative advances. It’s unclear whether financial ties remain between Hines and Nxum.
There’s no federal record for Nxum as a regular service provider for additional political efforts. Before this, the company’s primary claim to fame was when it contributed billboard advertising valued at $1 million for MAGA Inc. in support of Trump in 2024. Less than two months after that, the White House hired Hines as executive director of the President’s Council of Advisers on Digital Assets. After less than a year in which he helped shepherd the 2025 stablecoin law, Hines left the president’s service to take a role at leading stablecoin issuer Tether, which was making a move into the U.S.
The PAC’s treasurer who signed off on its first spending, Mitchell Nobel, is an executive at Cantor Fitzgerald, a firm that manages assets for Tether’s global operation and was run by Trump’s secretary of commerce, Howard Lutnick, before he joined the administration.
When Fellowship was announced as a new PAC last year, it was presented as a contrast from previous political engagement. Without naming Fairshake, it said that unlike past efforts, it would be “defined by transparency and trust,” aimed to help the broader crypto ecosystem and not “narrow or individual interests.”
It’s possible that some or all of the promised $100 million is in the PAC’s coffers already, because federal disclosures typically trail significantly behind the movements of money. When any contributions are made public, they’ll identify the origins of the money, which must be from U.S. sources.
The relatively young Tether US’s stablecoin, USAT, has a market cap of about $37 million so far, suggesting the firm may not have the independent resources yet to fund a major PAC.
“Occasionally, those types of super PAC threats are paper tigers that never materialize,” said Beckel. “But we’re seeing in this day and age that massive spending by an industry is something that lawmakers are taking seriously and taking note of.”
The rival
So far, the amount the Fellowship PAC has spent is still a drop in the bucket compared with the receipts of the leading crypto super PAC, Fairshake.
The U.S. midterm elections are already well underway, with many of the hotly contested primaries already past or about to happen. Fairshake has expended millions in the early contests.
If the U.S. House is taken over by a Democratic majority (an 87% chance according to betting at Polymarket), the committees there will likely shift its agenda to challenge Trump’s legislative efforts and investigate the administration’s actions. Even the difficult lineup of races for Democrats to take the Senate has shifted toward better-than-even odds, suggesting the likelihood that the crypto industry will need a lot of friends from both parties.
It’s not too late for Fellowship to make a splash in a congressional field that’s likely to have major significance for future crypto legislation. So far, the PAC is focusing support only on Republicans, almost all of them said by political analysts to be in deep-red regions. If they win, they may face a challenging shift on Capitol Hill next year.
Read More: A $100 million crypto campaign fund with a pro-Trump vibe so far failed to show up
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., right, departs the US Capitol in Washington, DC, US, on Wednesday, Feb. 25, 2026.
Graeme Sloan | Bloomberg | Getty Images
JPMorgan Chase CEO Jamie Dimon said Tuesday that while artificial intelligence tools could eventually help companies defend themselves from cyberattacks, they are first making them more vulnerable.
Dimon said that JPMorgan was testing Anthropic’s latest model — the Mythos preview announced by the AI firm last week — as part of its broader effort to reap the benefits of AI while protecting against bad actors wielding the same technology.
“AI’s made it worse, it’s made it harder,” Dimon told analysts on the bank’s earnings call Tuesday morning. “It does create additional vulnerabilities, and maybe down the road, better ways to strengthen yourself too.”
When asked by a reporter about Mythos, Dimon seemed to refer to Anthropic’s warning that the model had already found thousands of vulnerabilities in corporate software.
“I think you read exactly what is it,” Dimon said. “It shows a lot more vulnerabilities need to be fixed.”
The remarks reveal how artificial intelligence, a technology welcomed by corporations as a productivity boon, has also morphed into a serious threat by giving bad actors new ways to hack into technology systems. Last week, Treasury Secretary Scott Bessent summoned bank CEOs to a meeting to discuss the risks posed by Mythos.
JPMorgan, the world’s largest bank by market cap, has for years invested heavily to stay ahead of threats, with dedicated teams and constant coordination with government agencies, Dimon said.
“We spend a lot of money. We’ve got top experts. We’re in constant contact with the government,” he said. “It’s a full-time job, and we’re doing it all the time.”
‘Attack mode’
Still, the CEO warned that risks extend beyond any single institution, given the interconnected nature of the financial system.
“That doesn’t mean everything that banks rely on is that well protected,” Dimon said. “Banks… are attached to exchanges and all these other things that create other layers of risk.”
JPMorgan Chief Financial Officer Jeremy Barnum said the industry has long been aware that AI cuts both ways in cybersecurity.
“These tools can make it easier to find vulnerabilities, but then also potentially be deployed by bad actors in attack mode,” Barnum said on the earnings call. Recent advances from Anthropic and others have simply intensified an existing trend, he said.
Dimon also said that while advanced AI tools are important, old-school cybersecurity practices remain essential.
“A lot of it is hygiene… how do you protect your data? How do you protect your networks, your routers, your hardware, changing your passcode?” he said. “Doing all those things right dramatically reduces the risk.”
Goldman Sachs CEO David Solomon said Monday during an earnings call that his bank was testing Mythos, though he declined to comment further.
Blockchain investigator ZachXBT has linked a fake Ledger Live app to over 50 victims, who have lost a total of $9.5 million worth of crypto between them.
He traced stolen funds to KuCoin deposit addresses and called out the crypto exchange via Telegram and X.
Over 150 addresses tied to a known money laundering service were reportedly used to deposit stolen funds to the exchange.
App Store honeypot
Garrett Dutton of the band G. Love & Special Sauce initially drew attention to the fake wallet app, previously available on Apple’s App Store, when he took to X on Saturday to lament losing his retirement fund “in an instant.”
Dutton’s thread explains that he lost 5.9 bitcoin (BTC),worth approximately $440,000, after being “tricked” into entering his seed phrase into the app.
Read more: Thai police want Interpol to track alleged KuCoin money launderer
Around 12 hours after Dutton’s post, ZachXBT flagged nine transaction IDs which the sleuth claims show Dutton’s BTC being “laundered” via crypto exchange KuCoin.
Two days later, ZachXBT published a follow-up community alert to his Investigations Telegram group. It linked the fake app to “$9.5M stolen from 50+ suspected victims between April 7–13 across Bitcoin, EVM, Tron, Solana, & Ripple.”
The top three victims reportedly lost a combined total of $7.25 million in various cryptocurrencies.
KuCoin under fire
ZachXBT’s Telegram post also tied over 150 KuCoin deposit addresses to money laundering service AudiA6.
He also called out KuCoin on X, where he highlighted both these fake Ledger Live app-linked thefts and the recent Bitcoin Depot loss, accusing the exchange of allowing money launderers to “operate freely.”
Read more: Bitcoin Depot didn’t spot 50 BTC hack for three days, report
The exchange eventually replied to ZachXBT’s list of theft addresses in the Dutton case, 48 hours after it was posted. Other on-chain investigators have flagged addresses allegedly linked to scams who have deposited significant sums to KuCoin over recent weeks.
Just over two years ago, KuCoin and two of its founders were charged with flouting U.S. anti-money laundering laws.
Protos reached out to KuCoin, but it did not respond immediately, we will update this piece if we hear back.
Got a tip? Send us an email securely via Protos Leaks. For more informed news, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.
Crypto World
White House Signals Breakthrough on ‘Clarity Act’: Federal Stablecoin Floor Nears Reality
Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets and the White House’s chief crypto adviser, said on Monday that negotiations on the Digital Asset Market Clarity Act have advanced well beyond the stablecoin yield impasse, with multiple outstanding issues being resolved in parallel behind the scenes.
The signal is the clearest indication yet that a federal regulatory floor for payment stablecoins is within legislative reach.
The question isn’t whether the White House wants this bill passed. It clearly does. The question is whether the Senate Banking Committee can hold a markup hearing before the political window closes, analysts warn that missing a May 2026 advancement deadline risks pushing the entire legislative effort past the November midterms.
- Yield Compromise Holding: A bipartisan deal on stablecoin yield – the primary bank-industry flashpoint – is intact, per Witt, who called it a “must-have” precondition for tackling remaining issues.
- Secondary Issues Closing: DeFi illicit finance protections and restrictions on senior government officials profiting from crypto – a Democratic demand targeting President Trump – are both reportedly near resolution.
- Senate Banking Committee Markup Pending: The Clarity Act requires a committee markup before reaching a full Senate floor vote; that hearing was derailed in January 2026 by bank lobbyist objections and has not been rescheduled.
- Federal Reserve Role Contested: A core negotiating tension remains over whether the Fed retains veto power over state-chartered stablecoin issuers – a provision that would materially affect whether issuers like Circle’s USDC gain direct access to federal payment infrastructure.
- Banking Sector Split: The American Bankers Association responded critically Monday to a White House economic report downplaying yield-bearing stablecoin risks to bank deposits – signaling the industry remains internally divided.
- Midterm Clock Running: Sen. Bill Hagerty and Sen. Cynthia Lummis have flagged a late-April markup target; failure risks post-election delay until 2027.
- Watch: Updated stablecoin yield legislative text expected after Easter recess following final industry-bank talks.
Discover: Best Crypto Presales to Watch Amid Stablecoin Regulatory Clarity
What the Clarity Act Federal Floor Actually Changes for Stablecoin Issuers and Market Infrastructure
The core structural shift embedded in the Clarity Act is the establishment of a federal minimum standard , a regulatory floor, that all payment stablecoin issuers must meet regardless of their state charter status.
Before this framework, issuers operated under a patchwork of state money transmission licenses with no unified federal reserve, capital, or transparency requirements.
That ambiguity has been the primary barrier preventing institutional adoption at scale for settlement and cash management.
Under the proposed framework, issuers would be required to maintain 1:1 reserve backing with high-quality liquid assets, meet federal safety-and-soundness standards, and comply with AML and illicit finance controls, including, critically, new DeFi-specific protections that Witt confirmed are still being finalized.
— JackTheRippler © (@RippleXrpie) April 13, 2026
HUGE NEWS:
The CLARITY ACT will be presented to the Banking Committee THIS WEEK, confirmed by Senator Bill Hagerty.
Regulatory clarity is coming in 2026! pic.twitter.com/d9yl8CGiVY
The DeFi provisions are not cosmetic. They determine whether decentralized protocols that route stablecoin liquidity face issuer-level compliance obligations or are treated as distinct actors, a distinction that shapes the entire secondary market architecture for USDC and its competitors.
The Federal Reserve dimension carries the highest institutional stakes.
Negotiations are reportedly centering on whether the Fed retains override authority over state-regulated issuers, a mechanism that would function as a systemic risk check but would also effectively give the central bank leverage over which issuers can access federal payment rails.
For Circle, that access would reduce counterparty risk at the settlement layer and open institutional corridors currently closed to non-bank entities.
Deputy Treasury Secretary Scott Bessent has publicly urged rapid spring 2026 passage, citing midterm urgency, a signal that Treasury views this not as incremental cleanup but as foundational market infrastructure legislation.
The stablecoin yield compromise, reached between key senators from both parties, addresses what banks had framed as an existential threat to their deposit base.
Bank of America CEO Brian Moynihan warned in February that trillions in deposits could migrate to yield-bearing stablecoins if Congress authorized interest-like returns.
Witt proposed language at ETHDenver in February limiting stablecoin rewards to “activities or transactions” rather than balances, with violations penalized up to $500,000 per day, a formulation that appears to have formed the basis of the current bipartisan compromise.
This dynamic mirrors what’s unfolding in Japan’s reclassification of crypto as a financial instrument, where the core legislative tension also centered on where digital assets fit within existing banking and payment system hierarchies.
Discover: Best Crypto Exchanges for Stablecoin Trading and Settlement
The post White House Signals Breakthrough on ‘Clarity Act’: Federal Stablecoin Floor Nears Reality appeared first on Cryptonews.
CoW Swap has warned users to stay away from its frontend at swap.cow.fi after Web3 security firm Blockaid detected malicious activity on the cow.fi domain.
The team is actively investigating the issue, which may involve a compromise that tricks users into signing harmful transactions designed to drain their wallets.
What Happened to CoW Swap’s Frontend
Blockaid, which provides transaction screening for major wallets and DeFi platforms, flagged the cow.fi domain after its dApp scanning engine identified suspicious behavior.
CoW Swap confirmed the alert shortly after, urging users to avoid interacting with the site entirely while the investigation continues.
“We are currently experiencing an issue with the CoW Swap frontend (https://swap.cow.fi). While we are investigating, please DO NOT use CoW Swap,” they wrote.
The CoW Protocol (COW) token, which trades at roughly $0.22 with a market cap near $120 million, has not yet seen a significant sell-off in response.
However, the risk to users who interact with the compromised frontend remains high.
Frontend attacks do not target smart contracts directly. Instead, they alter the interface users see, potentially injecting malicious transaction requests that appear legitimate.
Users who sign these transactions may unknowingly grant attackers access to their funds.
How Users Should Protect Themselves
CoW Swap advised all users to disconnect wallets from the platform and review any recent transactions for suspicious approvals.
Revoking token approvals through tools like Revoke.cash or Etherscan’s approval checker is a critical first step.
This is not the first time CoW Swap has faced security challenges. In 2023, an exploiter drained over $180,000 from the protocol’s settlement contract, though user funds were not directly affected in that incident.
Frontend compromises have become an increasingly common attack vector in DeFi. The 2025 Bybit hack, which exploited Safe Wallet’s frontend infrastructure, resulted in $1.5 billion in losses and underscored how even trusted interfaces can become entry points for attackers.
Users should wait for an official all-clear from the CoW Swap team before reconnecting wallets or resuming activity on the platform.
The post CoW Swap Warns Users to Avoid Frontend After Blockaid Flags Malicious Activity appeared first on BeInCrypto.
Nexo, a digital assets wealth platform for crypto holders, has been named the Official Regional Digital Asset Partner of the Argentina Football Association (AFA), marking a major step in the company’s South American expansion ahead of the 2026 FIFA World Cup.
The AFA x Nexo partnership positions Nexo alongside one of the most celebrated national teams in global football, reinforcing its ambitions in Latin America, where the company has recently strengthened its footprint through the acquisition of local platform Buenbit and the establishment of a regional hub in Buenos Aires.
Federico Ogue, CEO at Buenbit by Nexo, emphasized the alignment between the two organizations: “Argentina’s national team represents the highest level of sporting excellence, built on talent, conviction, and an unrelenting will to win. At Nexo, we share that standard. As we grow our presence in Argentina and across South America, partnering with AFA is a statement of commitment to this region and the clients we serve here.”
Strategic Expansion Meets Global Football Excellence
The agreement was formally unveiled during a high-profile signing ceremony in Buenos Aires, attended by executives, media, and invited guests. The event marks the official start of a collaboration that blends digital finance innovation with elite sports branding on a global stage.
Leandro Petersen, Chief Commercial & Marketing Officer of AFA, highlighted the broader significance of the partnership: “We are excited to announce a new partnership with a strong global reach that aligns with the Argentine Football Association’s international growth strategy, which we have been building in recent years through agreements with leading companies in innovation and technology.”
He also added: “Nexo’s arrival as the Official Digital Assets Partner of the Argentine National Team reflects not only the growth of our brand globally, but also the growing interest of international companies in partnering with Argentine soccer and one of the world’s most prominent national teams.”
Petersen also drew parallels between business and sport performance: “Success in elite sports, just as in business, is based on a clear strategy, discipline, and the ability to perform at the highest level when it matters most.”
The partnership comes at a pivotal time, with Argentina entering the upcoming World Cup cycle as defending champions and competing across North American venues, further amplifying global visibility for both AFA and Nexo.
Discover: The best pre-launch token sales
Nexo Argentina Partnership is not the Only one this World Cup
Far from a single sponsorship, the 2026 tournament is emerging as one of the most crypto-integrated sporting events in history. FIFA has already signed a landmark deal with blockchain-powered prediction platform ADI Predictstreet as an official partner, enabling fans worldwide to engage with matches through data-driven prediction markets built on crypto.
Introducing @Predictstreet — ADI Chain (@ADIChain_) April 2, 2026
The Official Prediction Market Partner of the @FIFAWorldCup 2026
More than 5 billion fans will watch the World Cup.
ADI Predictstreet was built to reach every single one of them.
The first consumer-facing ecosystem project on ADI Chain is going… pic.twitter.com/oYJpD2eElv
This follows FIFA’s Web3 push, including the development of its own blockchain ecosystem for digital collectibles and fan engagement.
Even fan access and monetization are being reshaped by blockchain rails. FIFA has experimented with NFT-based ticketing and digital ownership models in the lead-up to 2026, blending collectibles with access rights and creating new commercial layers around the tournament experience.
Want to be at the FIFA World Cup 2026 — FIFA Collect (@FIFACollect) March 9, 2026
?
Here's how to get there with an RTT 
1⃣ Sign in/Sign up your FIFA Collect account
2⃣ Browse RTT listings & choose your match
4⃣ Buy or make an offer
5⃣ Be there. 
Go to the Marketplace 
https://t.co/JtpS3Pz4nn pic.twitter.com/Mxb8WCRhvV
Discover: The best crypto to diversify your portfolio with
The post Nexo Named Official Digital Asset Partner of Argentina Ahead of 2026 FIFA World Cup appeared first on Cryptonews.
Foundry Digital’s newly launched Zcash (ZEC) mining pool captured approximately 29% of the network’s total hashrate within a month of going live, a rate of consolidation that rivals what ViaBTC, the prior dominant pool, took considerably longer to establish.
The pool went public in April 2026 after Foundry announced the initiative on March 11, onboarding institutional miners ahead of the public launch.
The speed of that hashrate capture is the signal worth examining. Foundry didn’t inch into Zcash mining, it arrived and immediately held roughly the same share that ViaBTC had built as the incumbent leader, sitting at around 30% of network hashrate before Foundry’s entry.
- Hashrate Capture: Foundry’s Zcash pool seized ~29% of network hashrate within one month of launch, per company data and the new Zcashinfo.com block explorer.
- Zcash Network Context: Zcash’s total hashrate had risen from 8.1 GSol/s to 13.8 GSol/s since early September 2025 before Foundry’s entry, with ViaBTC previously holding ~30% dominance.
- Pool Structure: The pool uses a PPLNS payout model, distributes rewards via transparent ZEC addresses, enforces KYC/AML checks, and requires no minimum hashrate, a deliberate institutional access design.
- Compliance Infrastructure: Foundry’s pool mirrors the SOC 1 Type 2 and SOC 2 Type 2 compliance framework of Foundry USA Pool, its dominant Bitcoin mining operation.
- Zcashinfo.com Launch: Foundry released a dedicated Zcash block explorer alongside the pool, providing real-time hashrate distribution, pool rankings, and mining difficulty tracking.
- What to Watch: Whether Foundry’s share continues climbing past 30% – the threshold at which centralization risk becomes a live network security debate – is the next data point that matters.
Discover: How sovereign and institutional actors are reshaping proof-of-work network economics
What Does 29% Hashrate Capture in One Month Actually Mean for Zcash Network Security?
A single pool controlling 29% of a PoW network’s hashrate is not inherently dangerous, but it concentrates block production risk in ways that demand monitoring.
At 29%, Foundry cannot unilaterally execute a 51% attack, but it is close enough to the threshold that any further organic growth changes that calculus.
The fact that ViaBTC was already sitting at ~30% before Foundry launched means the network now has two pools each holding roughly three-tenths of total hashrate. That’s a different concentration structure than existed six months ago.
Foundry Zcash Pool is officially live! Since our announcement last month, we've seen rapid hashrate growth reaching ~30% of network hashrate. Institutional miners have been looking for compliant, purpose-built $ZEC infrastructure, and we're proud to deliver it.
Additionally,… pic.twitter.com/GOXyKrqhhH— Foundry (@FoundryServices) April 13, 2026
Foundry CEO Mike Colyer framed the launch as an infrastructure gap play: Zcash has “matured into an institutional-grade asset, but the mining infrastructure supporting it hasn’t kept pace.”
The data supports the premise that Zcash’s hashrate growth from 8.1 GSol/s to 13.8 GSol/s since September 2025 reflects expanding miner interest that the existing pool infrastructure wasn’t built to absorb at an institutional scale.
What Foundry has built operationally is notable for its compliance architecture. The pool’s PPLNS payout model, mandatory KYC/AML checks, SOC 1 and SOC 2 audit equivalency, and 24/7 U.S.-based support aren’t features designed for hobbyist miners.
No minimum hashrate requirement means the access floor is low, but the compliance overhead signals this is targeting miners who need defensible regulatory positioning, the same institutional cohort driving volume on Foundry USA Pool in Bitcoin.
Zooko Wilcox, Zcash founder and now Chief Product Officer at Shielded Labs, directly addressed the centralization angle: “This will spread out the Zcash mining hashpower from its current concentration in a single pool, and hopefully it will bring in new Zcash miners who trust Foundry to operate a high-quality service.”
That framing treats Foundry’s entry as a decentralization event relative to ViaBTC’s prior dominance. Whether it remains that depends on where Foundry’s share stabilizes. If it climbs past 35%, the narrative flips.
The data shows rapid institutional onboarding. That implies pre-existing demand from miners who were waiting for a compliant U.S.-based option, not that Foundry manufactured the hashrate from scratch.
The post Foundry Captures 29% of Zcash Hashrate Within a Month of Pool Launch appeared first on Cryptonews.
Bitget, the world’s largest Universal Exchange (UEX), today launched CFD Copy Trading, expanding access to traditional financial markets and allowing users to automatically follow professional traders across forex, commodities, and indices directly from the Bitget platform.
The launch follows strong growth in Bitget’s CFD business, which recently surpassed $6 billion in single-day trading volume as users responded to heightened volatility across global markets. Recent price movements in gold, oil, major currency pairs, and equity indices have drawn increased participation from crypto-native traders seeking broader market exposure as macro conditions become more interconnected.
While that growth has largely been driven by experienced traders able to react quickly to macroeconomic signals, access remains uneven for everyday users who do not actively track market developments or trade across multiple asset classes. CFD Copy Trading is designed to reduce that barrier by allowing users to mirror the strategies of top-performing traders starting from 50 USDT, using the same copy trading framework already familiar across Bitget’s futures and spot products.
“More users are paying attention to macro movements because the opportunity set has widened beyond crypto alone,” said Gracy Chen, CEO of Bitget. “What matters now is making that access practical. Copy trading lowers the execution barrier for users who want exposure to global markets without needing to build that expertise from scratch.”
The product is built on Bitget’s MT5-integrated CFD infrastructure and introduces several mechanisms designed to improve execution and transparency for both traders and followers. MT5 account creation and withdrawal processing are completed in under three seconds through a fully automated backend process, reducing friction at onboarding and settlement. Bitget also applies a High-Water Mark profit-sharing model, under which expert traders only receive profit share when a follower’s account reaches a new net profit high after fully recovering prior losses. This means traders are rewarded only when followers have reached net profitability, aligning incentives more directly across both sides of the strategy.
Performance data including ROI, follower count, and profit-sharing figures refresh hourly, replacing the delayed reporting model still common across much of the market. Profit-sharing settlements are processed daily, and eligible traders can receive up to 30% in profit share, with VIP structures also allowing restricted access portfolios for invited followers.
The launch also expands Bitget’s broader Universal Exchange strategy, which is built around giving users access to multiple asset classes under a single account structure. Through USDT-based margin, users can move between crypto, commodities, forex, and indices without transferring funds between external brokers or converting capital across separate platforms. For crypto users, CFD Copy Trading creates a simpler entry point into traditional financial markets. For experienced MT5 and forex traders, it also creates a new entry point into Bitget’s broader ecosystem, where traditional and digital asset markets increasingly overlap within a single trading environment.
To know more about CFD copy trading, please visit here.
About Bitget
Bitget is the world’s largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry’s lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
The post Bitget Launches CFD Copy Trading as Demand for Cross-Market Exposure Accelerates appeared first on BeInCrypto.
Crypto World
Nvidia Stock Extends Winning Streak Ahead Of Two Key Reports| Investor’s Business Daily
Nvidia (NVDA) extended gains Tuesday even as the broader stock market fluctuated following the U.S. imposition of a blockade on ships in the Strait of Hormuz after peace talks between the U.S. and Iran failed. Shares are on track for matching their longest string of advances made on Nov. 14, 2023, when they marked 10 consecutive wins. Is Nvidia stock…
Gate, one of the leading global digital asset exchanges, today announced a significant milestone in its ongoing strategic partnership with FC Internazionale Milano. Starting from April 2026, the Gate brand identity has officially debuted as the Official Sleeve Partner for the Inter U23 team, further solidifying the bond between the two organizations and their shared commitment to innovation and future growth by supporting the next generation of professional football talent.
Expanding a Legacy: From 2024 to the Future
The journey between Gate and Inter began in 2024, when Gate first joined the Nerazzurri family as a key partner. Over the past two years, this collaboration has flourished through shared values of excellence and community engagement. Building on this solid foundation, Gate expanded its sponsorship in 2026 to include the newly established Inter U23 squad, marking a new chapter in this high-profile sports-tech alliance.
Empowering the Next Generation
The Inter U23 team serves as a vital bridge between the youth academy and the professional elite level. By securing the sleeve sponsorship at this strategic juncture in 2026, Gate underscores its dedication to “Growth and Potential”—values that are central to both the crypto industry and professional football. The Gate logo will accompany these high-potential young players on the pitch as they embark on new chapters in their professional careers.
Dr. Han, the founder and CEO of Gate, said:
Gate has consistently been committed to empowering users worldwide through the power of technology and innovation. Since our partnership began in 2024, we have witnessed the incredible spirit and resilience of Inter. Supporting the U23s is a natural progression for Gate, as we believe in empowering the next generation of talent. Debuting on the sleeve symbolizes our passion for nurturing future stars and growing alongside the club.”
About Gate
Gate, founded in 2013 by Dr. Han, is one of the world’s earliest cryptocurrency exchanges. The platform serves over 51 million users with 4,500+ digital assets and pioneered the industry’s first 100% proof-of-reserves. Beyond core trading services, Gate’s ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions.
For more information, please visit: Website | X | Telegram | LinkedIn| Instagram | YouTube
Disclaimer:
This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Note that Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement.
The post Gate Deepens Partnership with Inter , Officially Becoming Sleeve Sponsor for Inter U23 appeared first on BeInCrypto.
- The US DOJ opens claims process for OneCoin victims.
- Over $40 million in seized funds are available for distribution.
- Deadline for filing claims set for June 30, 2026.
The US Department of Justice has launched a formal compensation claims portal for victims of the OneCoin scheme, marking a new phase in one of the largest crypto-related fraud cases ever uncovered.
The move comes years after the collapse of OneCoin, a project that attracted millions of investors worldwide with promises of high returns from a digital currency that was later exposed as fraudulent.
Many people from different countries were left with significant financial losses after the scheme unravelled, leading to extensive criminal investigations and asset seizures across multiple jurisdictions.
Now, with a dedicated compensation process in place, the focus has shifted toward distributing recovered funds back to those who were harmed.
The scale of the OneCoin fraud and how it unfolded
OneCoin operated between 2014 and 2019, presenting itself as a revolutionary cryptocurrency investment opportunity.
It was heavily promoted through aggressive marketing campaigns and a wide network of recruiters who encouraged individuals to buy into what was described as a fast-growing digital asset.
However, authorities later determined that OneCoin did not function like a real cryptocurrency. Instead of operating on a transparent blockchain network, it relied on centralised systems controlled by the people behind the project.
Despite this, it continued to attract investors globally, but it ultimately crashed in 2019, leading to losses believed to reach into the billions of dollars.
Estimates of total losses vary, but the figure is commonly placed at around $4 billion, with some assessments suggesting even higher exposure when accounting for global investor participation.
The scale of the fraud made it one of the most significant financial fraud investigations tied to the digital asset space.
Over time, law enforcement agencies were able to trace and seize assets linked to individuals involved in the scheme, and these recovered funds form the basis of the compensation program announced by the US Department of Justice.
How the compensation claims process will work
The newly launched claims portal is designed to allow victims of OneCoin to formally submit requests for compensation.
The process is structured as a remission program, which means that money recovered from seized assets will be redistributed to eligible victims based on verified losses.
To qualify, individuals must show that they invested in OneCoin during the operational period between 2014 and 2019. They must also demonstrate a net financial loss.
This means that any funds previously withdrawn or recovered will be deducted from the total amount claimed to determine eligibility.
Notably, the total pool of available funds for distribution currently stands at over $40 million.
While this is a significant amount, it represents only a small fraction of the overall losses suffered by investors globally.
As a result, any payouts are expected to be partial and distributed proportionally among approved claimants.
The deadline for submitting claims has been set for June 30, 2026. After this date, no new applications will be accepted, and the distribution process will move forward based on verified submissions.
For many affected investors, the opening of a claims process offers a long-awaited opportunity to recover at least part of their lost funds.
Although the available compensation is limited compared to total losses, it represents a formal acknowledgement of harm and an effort to return seized assets to their rightful owners.
Most XRP Holders Are Missing the Real Opportunity
Anand Rathi Share & Stock Brokers Q4 Results: Profit more than doubles to Rs 41 crore despite market crash
Anthropic Mythos reveals ‘more vulnerabilities’ for cyberattacks
-
Politics4 days agoUS brings back mandatory military draft registration
-
Sports4 days agoMan United discover Nico Schlotterbeck transfer fee as defender reaches Dortmund agreement
-
Fashion4 days agoWeekend Open Thread: Veronica Beard
-
Tech7 days agoHow Long Can You Drive With Expired Registration? What Florida Law Says
-
Politics4 days agoMalcolm In The Middle OG Turned Down ‘Buckets Of Money’ To Appear In Reboot
-
Politics2 days agoWorld Cup exit makes Italy enter crisis mode
-
Crypto World5 days agoCanary Capital Files SEC Registration for PEPE ETF
-
Business4 days agoTesla Model Y Tops China Auto Sales in March 2026 With 39,827 Registrations, Beating Cheaper EVs and Gas Cars
-
Crypto World22 hours agoThe SEC Conditionalises DeFi Platforms to Be Avoided for Broker Registration
-
Crypto World19 hours agoSEC Signals Exemption for Crypto Interfaces From Broker Registration
-
Crypto World6 days agoBitcoin recovers as US and Iran Agree a Ceasefire Deal
-
NewsBeat2 days agoPep Guardiola and Gary Neville agree over Arsenal title problem that benefits Man City
-
Business4 days agoOpenAI Halts Stargate UK Data Centre Project Over Energy Costs and Copyright Row
-
Business3 days agoIreland Fuel Protests Enter Day 5 as Blockades Spark Shortages and Government Prepares Support Package
-
Politics4 days agoLBC Presenter Mocks Trump Over Iran War Failures
-
Crypto World4 days agoFederal judge blocks Arizona from bringing criminal charges against Kalshi
-
Tech5 days agoA version of Windows 10 released a decade ago is now eligible for additional security patches
-
NewsBeat2 days agoJD Vance announces ‘no agreement’ with Iran over nuclear weapons fear
-
Business4 days agoIMF retains floor for precautionary balances at SDR 20 billion
-
Tech6 days agoDyson just announced its first-ever handheld fan, with a motor that spins up to 65,000 RPM
You must be logged in to post a comment Login