Ben Knight

1 week ago | cryptonews.com.au | Ben Knight

Thailand’s financial regulators have blocked access to five major crypto exchanges in an effort to curb local money laundering. The changes will come into play next month, with OKX and Bybit among the axed platforms. Despite the hit to local exchanges, Thailand continues to explore ways to innovate within the digital assets sector. Earlier this week, Thailand officials announced a potential initiative allowing tourists to spend crypto via a debit card at local merchants.

1 week ago | cryptonews.com.au | Ben Knight

Donald Trump’s controversial tariff policies have been blocked by the US Trade Court, putting the future of The Court agreed with the plaintiffs’ argument that Trump’s declaration of a national emergency to apply the tariffs was unlawful. Trump’s administration can appeal the ruling in the federal court. The global economic see-saw that has characterised 2025 may be screeching to a halt, following a ruling from the US Trade Court that Trump’s ‘Liberation Day’ tariffs were imposed unlawfully.

1 week ago | cryptonews.com.au | Ben Knight

Circle, following a reported rejection of buyouts from Ripple and Coinbase, has released details of its IPO to the Securities and Exchange Commission. The company plans to release 24 million shares at an estimated price of $24-26 USD, aiming to raise around $600 million. Leading investment bankers like JPMorgan, Citigroup and Goldman Sachs will oversee the offering as underwriters. If fully diluted, Circle’s valuation could hit approximately $5.43 billion USD.

1 week ago | cryptonews.com.au | Ben Knight

Michigan has introduced a set of four crypto-related bills as US states continue exploring new digital asset frameworks. The first bill, if successful, would allow public retirement funds to invest in digital assets through exchange-traded products (ETPs). For now, this would be limited to Bitcoin and Ethereum, but could expand to other cryptocurrencies if they have a market cap of over $250 billion USD.

2 weeks ago | cryptonews.com.au | Ben Knight

A leading DEX on the Sui Network, Cetus Protocol, suffered a major hack yesterday, losing approximately $223 million USD. The exploit came about due to a smart contract vulnerability, where the hackers tricked the DEX into accepting fake tokens as legitimate assets. Despite swift action to prevent a major collapse, several ecosystem tokens (such as Hippo) have fallen 70%+.