Lite Strategy backs Litecoin Layer-2 bet with $1M investment

Lite Strategy has invested $1 million in Litecoin Layer-2 developer ZK Innovations, extending its involvement beyond LTC accumulation and into infrastructure tied to the cryptocurrency’s future development. Summary Lite Strategy invested $1 million in LitVM, a Layer-2 project bringing smart contracts to Litecoin. The deal gives Lite Strategy governance rights and potential exposure to future…

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G7 Targets North Korea Crypto Hackers as Weapons-Financing Threat After $6.75B Stolen

The G7 just made North Korea hacking operation a formal geopolitical priority. Leaders from the world’s seven largest advanced economies issued a joint communiqué at the Evian summit just yesterday, explicitly calling out Pyongyang’s cryptocurrency theft machine. They accused the North Korean of draining more than $6.75 billion from the crypto ecosystem since 2017. The…

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U.S. regulators propose bank style customer ID rules for stablecoin issuers

U.S. regulators have proposed requiring certain payment stablecoin issuers to verify customer identities under a new rule issued as part of the GENIUS Act framework. Summary U.S. regulators have proposed requiring certain payment stablecoin issuers to adopt customer identification programs similar to those used by banks and credit unions. The proposed GENIUS Act rule would…

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