Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

In response to a major $100 million hack targeting Nobitex, Iran’s largest crypto exchange, authorities have introduced a strict curfew on all crypto exchange operations. Platforms are now only allowed to operate between 10 a.m. and 8 p.m. daily. The move is seen as an effort to prevent capital flight and increase oversight of digital asset transactions. The decision highlights growing government concerns over crypto-related risks and the need for tighter control in the sector.

Iranian crypto exchange Nobitex has confirmed a security breach involving unauthorized access to its hot wallet, resulting in an estimated $48.65 million loss. The platform has disabled affected systems and launched a full investigation. Nobitex assured users that all losses will be covered through its insurance fund and internal reserves, and that cold wallet assets remain secure. The hacker group Gonjeshke Darande, which claims ties to pro-Israel operations, has taken responsibility for the attack.

The Blockchain Group has expanded its crypto portfolio with the purchase of 182 Bitcoin for €17 million, bringing its total holdings to 1,653 BTC. This acquisition reflects the company’s ongoing confidence in Bitcoin’s long-term value. So far in 2025, the firm has seen a remarkable 1,173.2% year-to-date yield from its BTC investments. The move underlines The Blockchain Group’s active position in the digital asset space as it continues to capitalize on strong market performance.

The U.S. Senate passed the GENIUS Act on June 17 with a 51-23 vote, making it the first major crypto legislation to clear the chamber. The bill represents a significant step toward establishing clearer rules for the digital asset industry. It now moves to the House of Representatives, which must decide whether to move forward with its own version or adopt the Senate’s. The decision could play a key role in shaping future U.S. crypto regulations.

VanEck’s proposed Solana ETF, trading under the ticker symbol VSOL, has been listed on the DTCC website. The listing is part of the routine process for preparing an exchange-traded fund for potential launch. However, this step does not imply any regulatory approval or guarantee that the fund will be approved or launched soon. While the move has sparked interest, the ETF must still go through all required regulatory reviews before it can officially begin trading.

Eigen Labs has rolled out EigenCloud, a platform designed to deliver blockchain-level trust for Web2 and Web3 applications. It brings together three core tools: EigenDA for data availability, EigenCompute for computing tasks, and EigenVerify for dispute resolution. The launch aims to simplify and scale decentralized infrastructure for developers. Coinciding with the alpha release, a16z Crypto invested $70 million in a direct token deal to support the platform’s development and broader rollout across the crypto ecosystem.

Ubyx, a startup focused on clearing stablecoin transactions, has raised $10 million in seed funding. The round was led by Galaxy Ventures, with participation from Founders Fund, Coinbase Ventures, and others. Founded by former Citigroup executive Tony McLaughlin, the company plans to simplify stablecoin transfers across blockchains. Ubyx is set to launch by the end of 2025, initially supporting Solana and Base networks.

Thailand’s cabinet has approved a five-year personal income tax exemption on profits from the sale of Bitcoin and other cryptocurrencies. The move aims to encourage crypto adoption and investment in the country’s growing digital economy. By eliminating taxes on crypto gains, Thailand hopes to attract more retail and institutional investors while fostering innovation in blockchain technology. The tax break is seen as a forward-thinking step toward making Thailand a competitive hub for digital finance in Asia.

OKX has officially launched fully compliant centralized crypto exchanges in Germany and Poland. The new platforms allow users in both countries to trade over 270 digital assets, including more than 60 crypto-to-euro trading pairs. This move marks a major step in OKX’s European expansion, offering a secure and regulated environment for crypto trading. By meeting local compliance standards, OKX aims to make crypto more accessible while building trust with European users in the rapidly growing digital asset market.

The Blockchain Group, a French blockchain company, has raised about €7.2 million ($7.7 million) through an “ATM-type” capital increase program with asset manager TOBAM. The new shares were sold at an average price of €4.49 each. This funding will support the company’s plan to grow its BTC holdings and become a full-fledged Bitcoin treasury firm. The move reflects growing interest among tech firms in holding BTC as a strategic reserve asset for long-term value preservation.