Philippine SEC: Seven Platforms Including dYdX Are Unauthorized, Promoters Could Face Up to 21 Years in Prison
Techub News reports that the Philippine Securities and Exchange Commission (SEC) issued an investor warning today against seven cryptocurrency trading platforms, including dYdX. Besides dYdX, the list also includes Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium.The Philippine SEC noted that none of these platforms are registered with the Commission and have not obtained the necessary operating authorization or license to solicit investments under the country's Crypto Asset Service Provider (CASP) framework. The regulator emphasized that, according to the Philippine Securities Regulation Code, any individual or entity promoting, soliciting, or acting as an agent for these platforms locally may face criminal liability. Violators not only face hefty fines of up to 5 million Philippine pesos (approximately $89,000) but could also be subject to imprisonment of up to 21 years.
Vitalik and Ethereum Foundation Chair Aya Miyaguchi attended the opening ribbon-cutting ceremony of ETH HK Hub today and engaged in a dialogue with Hong Kong Legislative Council member Kenneth Fok.
Techub News reports that Ethereum co-founder Vitalik Buterin and Ethereum Foundation Chairperson Aya Miyaguchi attended the opening ribbon-cutting ceremony of the Hong Kong Ethereum Community Hub (ETH HK Hub) today and held a dialogue with Hong Kong Legislative Council member Duncan Chiu.This marks Vitalik and Aya's first visit to the ETH HK Hub. The establishment of the Hong Kong Ethereum Community Hub is not just the opening of a physical space, but also a milestone for Chinese-speaking developer communities stepping onto the global stage. This visit continues the Ethereum Foundation and Ethereum ecosystem's emphasis on the Asia-Pacific community and further solidifies Hong Kong's position as a crucial node in Ethereum's global landscape.
Capital Group's fund ANCFX increased its holdings by approximately $747 million in MicroStrategy stock.
Techub News reports, according to BitcoinTreasuries.NET monitoring, the flagship fund American Funds Fundamental Investors under Capital Group has significantly increased its holdings by 4.32 million shares of MicroStrategy stock, valued at approximately $747 million at the current market price.
ZachXBT: Kelp DAO attack funds begin laundering through cross-chain protocols
Techub News reports, according to on-chain detective ZachXBT's monitoring, the attack funds from the Kelp DAO security incident have begun to move. Approximately $1.5 million of the funds have been cross-chained from the Ethereum mainnet to the Bitcoin network via the decentralized cross-chain protocol Thorchain, while another approximately $78,000 has been transferred using the privacy transfer protocol Umbra.ZachXBT pointed out that the initial funds for the related attack addresses all originated from Tornado Cash, and the current money laundering activities show clear characteristics of cross-chain and decentralized mixing. Previous information indicated that the Kelp DAO attacker still holds approximately 75,700 Ethereum (worth about $175 million) on the Ethereum mainnet. Currently, this core portion of funds is undergoing highly active laundering and transfer processes.
