Author: Kelvin Munene
Kelvin Munene
Kelvin Munene is a crypto and finance journalist with over 6 years of experience in market analysis and expert commentary. He holds a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University and is known for meticulous research in cryptocurrency, blockchain, and financial markets. His work has been featured in top publications including Coingape, Cryptobasic, MetaNews, Coinedition, and Coincentral. Kelvin specializes in uncovering emerging crypto trends and delivering data-driven analyses to help readers make informed decisions. Outside of work, he enjoys chess, traveling, and exploring new adventures.
South Korean police arrested three suspects linked to an alleged $8.55 million XRP cryptocurrency scam involving a fake investment platform. Authorities said 71 investors transferred about 3.4 million XRP after being promised guaranteed returns. Police also requested an Interpol Red Notice for another suspect.
Crypto rug pull scams continue to pose risks for investors as fraudulent projects use unrealistic profit promises, hidden token restrictions, and poor transparency to attract funds. Checking liquidity status, token ownership distribution, project details, and contract activity can help identify potential risks before investing. Crypto investors face risks from projects that appear legitimate but later disappear with user funds. Such practices are known as rug pulls, which often rely on strong marketing, anonymous teams, and high-profit claims. A rug pull usually happens once developers launch a token, attract buyers, limit liquidity, or exit large positions. Users may also find that…
The US Senate has delayed the CLARITY Act vote as lawmakers focus on nominations and a Russia sanctions bill. Ongoing disagreements over crypto ethics rules have limited progress, leaving the bill with a narrow timeline before the August recess.
US authorities seized more than $25 million in cryptocurrency linked to international fraud networks involving romance scams, fake investment platforms, and money laundering operations. The Secret Service and federal prosecutors filed five forfeiture complaints after tracing suspicious crypto transactions across multiple wallets and jurisdictions.
BitMEX will shut down its crypto exchange operations on September 23 after a strategic review by HDR Global Trading. The exchange has asked users to close open positions and withdraw funds before the deadline, while analysts expect limited market disruption due to its low trading share.
India’s Enforcement Directorate is investigating an alleged $35 million Bengaluru crypto scam involving Telegram groups and OTC trades. The accused allegedly built trust through small transactions before collecting larger investments for discounted tokens that were never fully delivered.
Solana’s tokenized-asset trading volume reached a record $5.8 billion in Q2, led by tokenized equities. However, network revenue fell 43% as DEX activity, lending demand, application income, and active users declined.
Japan has classified cryptocurrencies as financial assets, bringing stricter trading rules and stronger oversight. The reform may support lower taxes and spot crypto ETFs. India’s tax rules remain unchanged, though investors could benefit from deeper liquidity and wider institutional participation. Japan has reclassified cryptocurrencies as “financial assets” after parliament approved an amendment to the country’s market laws. The change moves crypto away from a framework centred mainly on payments. The law places crypto closer to stocks and bonds under Japan’s Financial Instruments and Exchange Act. It adds stricter trading controls and stronger action against unregistered operators. The new treatment should…
Bitcoin and Ethereum options worth about $1.43 billion expire as BTC trades near the $62,000 support level. The smaller expiry may cause brief volatility, but geopolitical tensions, liquidations and wider risk-off sentiment remain the main market drivers. Bitcoin and Ethereum options worth about $1.43 billion expire on Friday, July 17, as crypto prices face renewed selling pressure. The settlement includes about 19,000 Bitcoin contracts valued at $1.2 billion and 123,000 Ethereum contracts worth $230 million. The event is smaller than major monthly and quarterly expiries, limiting its ability to drive a broad market move alone. Bitcoin Options Expiry Centers on…
Donald Trump urged the Senate to pass the CLARITY Act in tribute to Lindsey Graham. The bill seeks clearer U.S. crypto rules, but negotiations remain divided over ethics provisions and Trump’s crypto-related business interests. President Donald Trump has urged the Senate to approve the Digital Asset Market Clarity Act, linking the crypto bill to the memory of Senator Lindsey Graham. Graham died on July 11 at age 71 after an aortic dissection linked to cardiovascular disease. Trump wrote on Truth Social, “In honor of Senator Lindsey Graham, a big supporter, the U.S. Senate should pass the Clarity Act.” He also…