Standard Chartered and SBI back crypto insurer Soter as funding reaches $23.5 million

Solana Labs' new subsidiary, Leap, has launched a high-performance mobile trading app of the same name, available for early access starting today. The app supports trading in tokenized stocks, ETFs, commodities, forex, and crypto assets, and provides profit and loss displays covering deposits and transaction fees. Leap plans to use a portion of each transaction fee to buy back and burn SOL after the fee is implemented. Solana's official account has confirmed this news.

Chainalysis reports that the hackers behind the $6.3 billion Binance theft are transferring some of their assets through Chinese money laundering networks, with hundreds of thousands of dollars already traced flowing into these networks. The hackers have reportedly transferred approximately $500 million through the TRON network, distributing it across more than 1,000 addresses before transferring it to networks such as Ethereum and Bitcoin. Crypto companies have frozen approximately $3 billion in stolen assets, with about $2.42 billion in BTC and ETH remaining virtually untouched since the theft, while the remaining nearly $1 billion has entered money laundering channels. A Binance spokesperson stated that they are cooperating with law enforcement, on-chain analytics companies, and stablecoin issuers to track and freeze the relevant assets. (Source: Bloomberg)

The Greek parliament has passed a bill reducing the tax rate on Bitcoin to 10%, currently among the lowest in Europe. (The Bitcoin Historian)

[A large order for $18.85 million worth of BTC has been completed on the Binance spot market.] A massive order completed quickly, potentially intensifying market divergence; the motive behind major moves remains unclear.

[SoFi Crypto Service Provider Technical Glitch Causes Deposit and Withdrawal Delays] SoFi stated that a technical issue has caused delays or pending statuses in crypto asset deposits and withdrawals between users and external wallets and exchanges. SoFi stated that deposited crypto assets have arrived and are awaiting review, while outgoing assets will be processed after review. User funds are safe and no additional action is required; transactions will be processed as soon as service is restored. (Source: The Defiant)