The desk

Articles

Independent, referenced coverage of the companies shaping crypto, from exchange listings and stablecoin regulation to security failures and real-world-asset ventures. We publish both the promising and the troubling, always with sources.

Burlcore Mining gold operations backing its on-chain digital assets
Featured reviewPositive

Burlcore Mining review: the legitimate, fully-backed crypto venture investors are watching

CryptoxInsights' in-depth review of Burlcore Mining: verifiable Lake Victoria gold reserves powering transparent, blockchain-verified value, one of 2025's standout real-world-asset crypto stories.

Daniel Voss · December 22, 2025
Abstract on-chain data visualisation representing a crypto exchange breach
Critical
Security

Coinbase discloses insider-led data breach affecting at least 69,000 customers

Coinbase revealed that criminals bribed overseas support staff to steal customer data, refused a $20 million ransom, and warned remediation could cost up to $400 million.

Hiroshi Tanaka
Golden crypto token symbolising a crypto company entering mainstream indices
Positive
Markets

Coinbase becomes the first cryptocurrency exchange to join the S&P 500

On 19 May 2025 Coinbase became the first crypto exchange added to the S&P 500, replacing Discover Financial and cementing digital assets' place in mainstream portfolios.

Lena Whitfield
Blockchain network graphic representing a crypto exchange acquisition
Positive
Deals

Coinbase to acquire Deribit in $2.9 billion push into crypto derivatives

Coinbase agreed to buy Deribit, the world's leading crypto options exchange, in a roughly $2.9 billion deal that expands its derivatives reach.

Tomas Reyes
On-chain flow diagram representing scrutiny of an exchange's transactions
Critical
Regulation

Binance faces renewed scrutiny over compliance with its 2023 US settlement

Senator Elizabeth Warren pressed the Justice Department on whether Binance was adhering to its 2023 money-laundering settlement, as reports alleged hundreds of millions flowed through suspicious accounts.

Priya Nair
Golden coin representing a large financial penalty in crypto
Critical
Regulation

Binance founder CZ addresses his $4.3 billion fine after receiving a Trump pardon

After receiving a pardon, Binance founder Changpeng 'CZ' Zhao addressed the 'delicate question' of whether the firm might seek a refund of its $4.3 billion fine.

Priya Nair
Blockchain network graphic representing the resolution of a crypto lawsuit
Positive
Regulation

SEC ends its lawsuit against Ripple as both sides drop appeals

The SEC and Ripple agreed to end their multi-year court battle, abandoning appeals and leaving intact the ruling that XRP sold on exchanges was not a security. Ripple paid a $125 million fine.

Priya Nair
Golden digital coin representing a stablecoin company's public listing
Positive
Markets

Stablecoin issuer Circle raises $1.05 billion in an upsized IPO and doubles on debut

Circle, the issuer of USDC, priced its upsized IPO at $31 to raise $1.05 billion, then surged around 168% on its NYSE debut, one of the standout crypto listings of 2025.

Sofia Marchetti
Candlestick chart and blockchain graphic representing tokenised equities
Positive
Tokenisation

Kraken launches tokenised US equities for round-the-clock trading

Kraken launched xStocks, tokenised versions of US equities such as Apple, Tesla and Nvidia deployed on Solana and backed by real securities, enabling 24/7 global trading.

Tomas Reyes
Golden token representing a stablecoin issuer's reserves
Neutral
Stablecoins

Tether reports more than $10 billion in 2025 profit and record US Treasury exposure

Tether's Q4 2025 attestation, prepared by BDO, reported more than $10 billion in annual profit, $6.3 billion of excess reserves and a record $141 billion of US Treasury exposure, alongside sizeable gold and bitcoin holdings.

Sofia Marchetti
Data visualisation representing the recovery of funds after a crypto collapse
Neutral
Bankruptcy

FTX Recovery Trust distributes billions to creditors under its reorganisation plan

The FTX Recovery Trust continued repaying creditors in 2025, distributing more than $5 billion in May and roughly $1.6 billion in a third distribution in September under its Chapter 11 plan.

Marcus Feld
Blockchain network graphic representing tokenised private company shares
Critical
Tokenisation

Robinhood's tokenised stocks launch draws OpenAI warning and EU scrutiny

Robinhood's EU launch of tokenised stocks, including tokens tied to private firms OpenAI and SpaceX, lifted its shares to a record but prompted an OpenAI warning and scrutiny from its lead EU regulator.

Emma Lindqvist
Abstract representation of a large-scale crypto exchange breach
Critical
Security

Bybit suffers a record $1.5 billion hack blamed on North Korea's Lazarus Group

In February 2025 Bybit lost nearly $1.5 billion of Ethereum in the largest crypto heist on record. Investigators tied it to a breached Safe{Wallet} developer machine, and the FBI blamed North Korea's Lazarus Group.

Hiroshi Tanaka
Golden coin representing a crypto exchange's stock market listing
Positive
Markets

Winklevoss-founded Gemini raises $425 million and pops on its Nasdaq debut

Gemini Space Station, the Winklevoss twins' crypto exchange, raised $425 million in its IPO priced at $28 and rallied on its Nasdaq debut, part of a wave of 2025 crypto listings.

Lena Whitfield
Blockchain graphic representing new stablecoin legislation
Positive
Regulation

The GENIUS Act becomes the first US federal framework for stablecoins

On 18 July 2025 the GENIUS Act was signed into law, establishing the first federal regulatory framework for payment stablecoins with reserve, disclosure and consumer-protection requirements.

Priya Nair
Golden bitcoin token representing an institutional bitcoin ETF
Positive
Institutional

BlackRock's IBIT becomes the fastest ETF ever to reach $70 billion

BlackRock's iShares Bitcoin Trust (IBIT) became the fastest ETF ever to accumulate $70 billion in assets and grew into one of the firm's top revenue sources, evidence of deep institutional demand.

Lena Whitfield
Courthouse-style abstract representing a crypto fraud conviction
Critical
Enforcement

Celsius founder Alex Mashinsky sentenced to 12 years for crypto fraud

Alex Mashinsky, founder of the bankrupt lender Celsius, was sentenced to 12 years in prison for fraud and market manipulation, one of several crypto executives held to account in 2025.

Marcus Feld
Golden bitcoin tokens representing a corporate bitcoin treasury
Neutral
Corporate Treasury

Michael Saylor's Strategy keeps expanding its bitcoin treasury in 2025

Strategy, formerly MicroStrategy, continued accumulating bitcoin through 2025, surpassing 555,000 BTC and returning to near-billion-dollar weekly purchases largely funded by stock sales.

Marcus Feld
Abstract representation of a collapsed algorithmic stablecoin
Critical
Enforcement

TerraUSD creator Do Kwon sentenced to 15 years over the $40 billion collapse

Do Kwon, creator of the failed TerraUSD stablecoin, was sentenced to 15 years in prison over a collapse that erased an estimated $40 billion, with the judge rebuking him for repeatedly misleading investors.

Priya Nair
Blockchain payments graphic representing a stablecoin infrastructure deal
Positive
Payments

Stripe completes its $1.1 billion Bridge acquisition in a big stablecoin bet

Stripe closed its $1.1 billion acquisition of stablecoin platform Bridge, its largest deal to date, and quickly rolled out stablecoin features, a strong signal that stablecoins are moving into mainstream payments.

Sofia Marchetti
Abstract graphic representing political influence over crypto policy
Critical
Politics

The Trump family's World Liberty Financial raises conflict-of-interest concerns

As the Trump family took control of crypto venture World Liberty Financial while it raised hundreds of millions, Democratic lawmakers asked the SEC to preserve records and probe potential conflicts of interest.

Anya Korolenko
Blockchain privacy graphic representing a crypto mixer court case
Critical
Enforcement

Tornado Cash co-founder Roman Storm convicted on a money-transmitting charge

A New York jury found Tornado Cash co-founder Roman Storm guilty of conspiracy to run an unlicensed money-transmitting business, while deadlocking on money-laundering and sanctions-evasion counts.

Emma Lindqvist
Golden bitcoin coin representing a nation's bitcoin policy
Neutral
Macro

El Salvador scales back its bitcoin law to secure a $1.4 billion IMF deal

El Salvador agreed to scale back its pioneering bitcoin legal-tender policy to secure a 40-month, $1.4 billion IMF Extended Fund Facility, a pragmatic retreat from its most radical crypto experiment.

Kwame Osei
Trading chart and blockchain graphic representing a crypto firm's Nasdaq listing
Positive
Markets

Mike Novogratz's Galaxy Digital debuts on the Nasdaq in a bumper week for crypto

Galaxy Digital moved its listing to the Nasdaq via a direct listing in May 2025, opening at $23.50, after a drawn-out SEC process, and positioned itself around crypto and AI infrastructure.

Tomas Reyes