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Crypto’s wash trading problem is ‘far more common’ than investors think, DOJ sting shows

U.S. law enforcement cases against alleged cryptocurrency market manipulation have once again put the spotlight on wash trading and the blurred lines between market makers and market manipulators. Federal prosecutors in California this week filed charges against 10 individuals associated with companies including Gotbit, Vortex, Antier and Contrarian, accusing them of coordinating transactions to inflate…

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MAGA congressman says Americans would become ‘unglued’ if they hear the same briefings on aliens he gets

One Republican congressman said Americans would be “devastated” if they received the same classified briefings about aliens that he did. Tennessee Rep. Tim Burchett made disturbing comments during an interview with Newsmax on Wednesday, during which he discussed extraterrestrial life and the recent deaths of several U.S. scientists. Host Rob Finnerty asked Burchett about former…

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‘One Thing For Every Team:’ Tatum’s back, Wemby’s a basketball god & Detroit is winning without Cade + 27 more takes, questions & thoughts

Kevin O’Connor and Tom Haberstroh look back at all 30 NBA teams and share “what each team needs to do.” The two discuss Jayson Tatum’s return to form, Victor Wembunyama’s rise to basketball god, how the Golden State Warriors should handle Stephen Curry’s desire to play, and more. advertise (1:02) One thing every team in…

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Elliptic flags $285 million Drift exploit as a likely North Korea-linked operation

Elliptic said on Thursday that the $285 million Drift Protocol exploit was the largest this year and that there were “multiple indications” that North Korean state-backed North Korean hacking groups were involved. The research firm singled out on-chain behavior, money laundering methods and network-level signals, all of which are consistent with previous state-related attacks. Drift…

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Here’s why bitcoin’s drop below $68,000 raises the risk of a crash under $60,000

President Donald Trump’s renewed aggressive stance toward Iran has sent Bitcoin down about 2% to $67,000 in the past 24 hours. While this price action is consistent with regular moves, beneath the surface, the market structure looks fragile. This is primarily due to liquidity in the Deribit-listed options market, specifically the accumulation of defensive positions…

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