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NewsDesk
The wire: crypto and markets news from other outlets, newest first.
AI summaryStories from the outlets we follow, summarised by AI and linked to the original. A story whose AI summary is not ready is held for an editor; older items may still show the outlet’s own summary, quoted and labelled. Bullish, Bearish and Neutral are an AI reading of a story’s tone, not investment advice.6 publishers843 storiesWhere AI is used
Binance finance chief Kaiser Ng to leave after five years, Yi He says
Binance's chief financial officer, Kaiser Ng, is leaving the exchange after more than five years, co-CEO Yi He said. Justin Yek, formerly of Airwallex, will replace him.
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On the Wire
Stories from our sources, newest first, each credited to the publisher and linked to the original.
Fake Giwa L2 chain drains 766 ETH from 1,335 users
Scammers built a working fake Ethereum layer-2 chain impersonating Upbit-backed Giwa, draining over $2m from users who bridged funds. DYORSWAP, which flagged the chain, is refunding victims but faces
South Korea weighs crypto market makers after JPYC peg spike
The FSC is reviewing a market-making system for digital assets after yen stablecoin JPYC traded at four times its peg on Upbit, exposing liquidity gaps in Korean crypto markets.
Hoskinson says Midnight will outgrow Zcash
Cardano's founder expects the privacy-focused Midnight chain to surpass Zcash, citing selective disclosure, AI agents and cross-chain links, though NIGHT's market value remains far smaller.
Buterin says Hegotá may be Ethereum's last normal fork
Ethereum co-founder Vitalik Buterin says the 2027 Hegotá upgrade could be the network's final familiar fork, as development turns to recursive STARKs and quantum-safe cryptography.
Kazakhstan taps flared gas to revive crypto mining after grid crackdown
Kazakhstan is letting miners power operations with flared gas, offering up to 1.3TWh of cheap energy as it seeks to rebuild a mining sector curbed by grid limits.
Bitcoin and Nasdaq futures slip as Trump keeps Iran strike option open
Bitcoin fell 1.3% to about $83,324 and Nasdaq futures dropped 0.7% after President Trump declined to rule out further strikes on Iran before the midterms, while oil prices rose.