Author: Kelvin Munene

Anthropic’s Claude Fable 5 release has raised debate across the crypto industry over possible risks to smart contracts, wallets, and supporting infrastructure. While some experts warn that advanced AI could help attackers find weaknesses, others say operational security failures remain the greater threat. Anthropic has released Claude Fable 5, its first Mythos-class artificial intelligence model available for general use. The June 9 launch has drawn attention from cryptocurrency developers and investors for the model’s advanced coding capabilities.  Some industry figures fear stronger AI tools could help attackers find weaknesses, although others question whether the threat to smart contracts is being…

An AMU Clerk has been arrested for allegedly sending extortion letters in Lawrence Bishnoi’s name to eight people. Police say he demanded nearly Rs 2 crore in cryptocurrency and used a fake identity while posting the letters from Delhi. Police have arrested an Aligarh Muslim University clerk over an alleged cryptocurrency extortion plot. Police claim the suspect used jailed gangster Lawrence Bishnoi’s name to threaten eight people. He allegedly demanded about Rs 2 crore through Bitcoin payments and QR codes. Threatening Letters Sent to Eight People Police identified the accused as Hashmat Hussain, a 45-year-old lower division clerk at Aligarh…

Bybit has launched IPO Express with SpaceX as its first tokenized public offering. Eligible users can subscribe using USDC, although allocations are not guaranteed and token holders will not receive direct shareholder rights. Bybit has launched IPO Express, a service that gives eligible crypto users access to tokenized initial public offerings. SpaceX is the first planned listing, offering retail investors a route to subscribe at the IPO price without opening a traditional brokerage account.  Moreover, participation remains subject to eligibility checks, demand, final pricing, and allocation rules. The product also broadens the range of traditional assets available through cryptocurrency exchanges…

Global Exchanges Are Betting Big on India. Here Is Why the World’s Largest Crypto Nation Cannot Be Ignored  India’s cryptocurrency market is undergoing a major transformation in 2026. Global exchange Coinbase has relaunched operations in the country, joining established domestic players CoinSwitch, CoinDCX, and KoinBX. The move signals growing international confidence in India as a serious, long-term crypto destination. Coinbase Returns with Direct INR Access Starting June 1, 2026, Coinbase now allows Indian users to deposit and withdraw rupees directly from their bank accounts via IMPS. This removes the need for peer-to-peer transfers and third-party intermediaries that users previously relied…

Bybit has integrated Western Union’s USDPT stablecoin through its fiat channels, becoming the first major crypto exchange to join the USDPT network. The service gives eligible users in selected Latin American markets access to buy and sell USDPT through Bybit’s One-Click Buy feature. Bybit has integrated Western Union’s USDPT stablecoin through its fiat channels, marking a new link between crypto trading platforms and traditional money transfer networks. The launch gives eligible users in selected Latin American markets access to USDPT through Bybit’s One-Click Buy feature. USDPT is a US dollar-denominated stablecoin issued by Anchorage Digital Bank, N.A. on the Solana…

Treasury Secretary Scott Bessent backed the CLARITY Act during a Senate hearing and urged lawmakers to pass it this summer. He also said Treasury is moving ahead with a Strategic Bitcoin Reserve using government-held Bitcoin from forfeitures. US Treasury Secretary Scott Bessent backed the CLARITY Act during a Senate Finance Committee hearing on the Treasury Department’s fiscal year 2027 budget. He urged lawmakers to pass the crypto market structure bill this summer. The measure is now on the Senate Legislative Calendar after clearing the Senate Banking Committee in a 15-9 vote. Bessent Urges Action on CLARITY Act Bessent told senators…

US sanctions targeted Nobitex, Iran’s largest crypto exchange, along with Wallex, Bitpin and Ramzinex. Treasury accused the platforms of helping sanctioned Iranian entities move funds, including transactions linked to the IRGC and Iran’s central bank.  The United States has sanctioned Nobitex, Iran’s largest cryptocurrency exchange, in a new move against Tehran’s digital asset networks. The Treasury Department also targeted Wallex, Bitpin, and Ramzinex, as well as several individuals linked to Nobitex. US officials said the action focuses on crypto platforms accused of helping sanctioned Iranian entities move funds. Nobitex denied direct government ties in earlier comments to Reuters and said…

Gravity Bridge lost about $5.4 million in crypto assets after a suspected signing key compromise. The attacker drained USDC, WETH, USDT, and PAXG from the Ethereum-side contract. Meanwhile, the team halted bridge operations and asked validators to stop activity during the investigation. Gravity Bridge suffered a $5.4 million exploit over the weekend after an attacker drained assets from its Ethereum-side contract. On-chain researchers said the incident points to a “suspected signing key compromise,” although the full cause remains under investigation. The bridge team halted operations after the theft and asked validators to stop both validators and orchestrators. The move aimed…

A Chandigarh businessman lost ₹17.5 lakh after the accused persons allegedly lured him through a fake crypto USDT deal. Police said the suspects assaulted him and his associate at Sector-42 lake parking before fleeing with cash bags. One accused has been arrested, while ₹5 lakh has been recovered A cryptocurrency ‘deal’ in Chandigarh turned into a robbery after five accused allegedly lured a city-based businessman with the promise of a USDT transaction. Police said the victim reached Sector-42 lake parking with cash, expecting to complete a trade worth around ₹40 lakh. According to police, the suspect assaulted the businessman and…

Many scams succeed since people trust fake messages. Binance has trained over 179,000 users to spot scams. It also sends warnings and simple guides to help users stay safe Crypto fraud is increasing rapidly worldwide. In 2025, people lost around $17 billion to scams, marking a sharp 30% increase from the previous year. This shows that online crypto fraud has become a serious issue, as criminals are using new technology to cheat users. Today, scams are not simple. Fraudsters use artificial intelligence to create fake videos, copy voices, and send smart messages. These tricks look real and confuse many users. …