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Crypto

Polymarket weighs mandatory identity checks instead of anonymous trading

Prediction market platform Polymarket is reviewing whether to require know-your-customer checks, reconsidering an operating model that has allowed users to trade under pseudonyms. The move comes as the company faces growing legal risks tied to sanctions violations and illegal gambling allegations, and as more countries block or restrict access. Polymarket has geoblocked users in 35 countries, including Iran, Russia and North Korea. U.S. political and congressional scrutiny has also intensified.

Crypto

Repeated DeFi security incidents block institutional investment

Repeated bridge hacks and falling yields are prompting institutional investors to question whether decentralised finance offers acceptable risk-adjusted returns. JPMorgan analysts say bridge security remains an industry challenge and raised doubts about broader institutional adoption. Large attacks on DeFi bridges this year totalled $328.6 million in losses. StateMind CEO and Symbiotic co-founder Misha Puchiatin says DeFi is overly complex and interconnected, making risks hard to assess. USDT yields on Aave lag U.S. Treasury rates.

Crypto

Binance says 2025 illicit crypto recovery rate 11 percent, 55 times higher than traditional assets

About 11 percent of illicit cryptocurrency transaction volume in 2025 was seized or frozen through cooperation between law enforcement agencies and private-sector groups, Binance Research said. Binance said the recovery rate was about 55 times higher than that for traditional financial assets. The report cited cases involving Tether, Interpol and the T3 Financial Crime Unit. Analysts including Chainalysis and TRM Labs questioned Binance’s figures, citing excluded categories such as hacks and ransomware.