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.
The CLARITY Act missed its July 4 target but remains active as Senate talks continue before the August 7 recess. Ethics rules tied to Trump’s crypto income, developer protections, and limited floor time remain key hurdles. The CLARITY Act missed the July 4 signing goal earlier floated by White House crypto adviser Patrick Witt, but the crypto market structure bill remains active in Congress. Lawmakers now face a tighter timeline before the Senate leaves Washington for its summer recess on August 7. The bill aims to set clearer rules for digital assets by defining when federal oversight falls under the…
X has launched X Money for eligible U.S. users, offering fiat payments, instant transfers, and banking features through Cross River Bank. Although crypto support has not been announced, the bank’s blockchain background has fueled speculation about possible future integration of XRP and stablecoin payments. Social media platform X has officially launched X Money for eligible users in the United States, expanding its financial services as part of Elon Musk’s long-term “everything app” strategy. While the platform currently focuses on traditional fiat payments, the rollout has renewed discussion about whether cryptocurrency payment options could follow in the future. Moreover, the service…
A CoinShares survey found that many European wealth advisors cannot see much of their clients’ cryptocurrency holdings due to restrictive firm policies. The report says MiCA implementation and wider access to regulated crypto investment products could improve digital asset oversight across Europe. European wealth managers are discovering that many clients already own digital assets, yet a large share of those holdings remains outside the advisory relationship. A new CoinShares survey found that internal company policies continue to limit advisors’ ability to discuss or manage cryptocurrency investments. The survey covered 261 wealth management professionals in France, Germany, Italy, Switzerland, and the…
A new cryptocurrency scam is targeting users who have forgotten their wallet seed phrases by offering fake recovery software that secretly installs malware. Security researchers warn that these programs steal passwords, personal files, and other sensitive data instead of restoring wallet access. Cryptocurrency users trying to recover lost wallet access are facing a new online threat. Security researchers have identified a scam that disguises malware as free wallet recovery software, targeting people who have forgotten the seed phrase needed to unlock their digital assets. Meanwhile, researchers say the campaign takes advantage of users who are under pressure to regain access…
Ripple has launched its RLUSD stablecoin in Japan through SBI VC Trade after receiving regulatory approval. The rollout gives retail and institutional users access to a dollar-backed token designed for payments, tokenization, and collateral management. Ripple has launched its US dollar-backed RLUSD stablecoin in Japan through SBI VC Trade. The rollout followed approval from Japan’s Financial Services Agency and gives institutional and retail users access through the VCTRADE platform. The launch expands Ripple’s presence in one of Asia’s most regulated digital asset markets. It also places RLUSD within Japan’s updated payment rules, which allow approved foreign stablecoins to operate as…
Secret Network’s Axelar-linked bridge lost $4.67 million after an attacker exploited a minting flaw to create unbacked wrapped tokens. The breach lasted seven days before detection, while Secret Network and Axelar disputed responsibility for the faulty contract. Secret Network’s Axelar-linked bridge has been suspended after an attacker drained about $4.67 million from a contract that handled wrapped assets. The attack began on June 10, 2026, and stayed undetected until June 17, when a cross-chain transfer failed due to an empty escrow account. Secret Network and Axelar disclosed the incident on June 19. Both teams said the breach affected a contract…
The EU will enforce stricter crypto AML rules from July 10, 2027, banning privacy coins and anonymous accounts on regulated platforms. Transactions of €1,000 or more will require customer checks, while self-hosted wallet transfers remain outside direct KYC rules. The European Union will introduce stricter anti-money laundering rules for cryptocurrency platforms from July 10, 2027. Exchanges, custodians and other regulated crypto firms will face new customer checks and limits on anonymity-focused services. Regulation (EU) 2024/1624 establishes a single set of AML standards for all member states. It also introduces new controls for cash payments, company ownership records and several industries…
Rodney Burton, known as “Bitcoin Rodney,” has pleaded guilty to a conspiracy charge linked to HyperFund. U.S. prosecutors described the crypto platform as a global wire-fraud scheme that collected about $1.8 billion from investors. The 56-year-old Florida resident admitted to conspiring to operate an unlicensed money transmitting business. His sentencing is scheduled for July 23, and he faces up to five years in prison. Rodney “Bitcoin Rodney” Burton pleaded guilty to operating an unlicensed money transmitting business linked to HyperFund, a crypto scheme that collected about $1.8 billion from investors. Prosecutors said he received at least $7.85 million and now…
Bitcoin approached $66,000 after the US and Iran announced a preliminary peace agreement. The Crypto Fear and Greed Index rose from 19 to 23, while doubts over the formal signing, ETF outflows and the Federal Reserve’s next rate decision kept traders cautious. Bitcoin approached $66,000 on Monday as the announced US-Iran peace agreement encouraged traders to return to risk assets. The cryptocurrency reached $65,881 on Coinbase, its highest price in nearly two weeks. Trump Announces US-Iran Peace Agreement US President Donald Trump said Washington and Tehran had completed an agreement aimed at ending the conflict and reopening the Strait of…
Raydium lost $1.34 million after a hacker exploited a retired AMM V3 program on Solana. The attack drained five inactive liquidity pools through an LP mint validation flaw. Raydium said current users and active programs were unaffected, while its treasury will cover the full loss. Raydium confirmed that a hacker drained $1.34 million from five inactive Solana liquidity pools on June 10, 2026. The exploit affected the protocol’s retired AMM V3 program, which had been phased out in 2021 and was no longer available through Raydium’s user interface or SDK. The affected pools included RAY-SOL, USDC-RAY, SRM-RAY, Sollet USDT-RAY, and…