News

David Sacks Divested From Bitwise Before Trump's Crypto Reserve Announcement

David Sacks, a key figure in Donald Trump’s administration for crypto and AI, faces scrutiny over potential financial gains from Trump's proposed...

El Salvador's President Bukele Confirms Ongoing Bitcoin Purchases Despite IMF Deal

El Salvador, under President Nayib Bukele, continues to accumulate bitcoin (BTC) despite International Monetary Fund (IMF) restrictions. Key points...

Equities Fall and Volatility Increases Following Tariff Implementation

President Trump's 25% tariffs on Mexico and Canada took effect with retaliation planned from both countries. Canada will impose a 25% levy on...

SEC Closes Investigations into Multiple Crypto Firms Amid Regulatory Changes

An overhaul of the SEC is anticipated following a change in administration, impacting the crypto industry. Recent significant developments...

SEC Drops Enforcement Case Against Cumberland DRW Following New Leadership

The U.S. Securities and Exchange Commission (SEC) has decided to drop its enforcement case against Cumberland DRW, the crypto trading arm of DRW, as...

Bitcoin Expected to Exceed $150,000 by End of 2025 According to Analyst

Market analyst Tom Lee, co-founder of Fundstrat Global Advisors, predicts that Bitcoin could exceed $150,000 by the end of 2025. His assertion...

Bitcoin Climbs Nearly 10% as Nasdaq Moves into Positive Territory

On Tuesday, risk markets saw a significant reversal as bitcoin surged nearly 10% from its lowest point, trading above $88,000. The Nasdaq index...

Michael Saylor Predicts Bitcoin Market Cap Could Reach $200 Trillion

In a CNBC interview, Michael Saylor, co-founder of Strategy, maintained his bullish stance on Bitcoin, predicting its market cap could reach...

Blockstream to Launch Three Investment Funds Focused on Crypto Lending

Blockstream is launching three investment funds, including two focused on crypto lending. The funds include: A fund underwriting Bitcoin-backed...

XRP Price Retraces Gains; Key Support Levels Identified by Analyst

The XRP price has retracted following a rally triggered by Trump's announcement regarding its inclusion in the crypto strategic reserve. Currently,...

THNDR Shifts Focus to Casino Games Using Bitcoin Lightning Network

THNDR, a game studio known for play-to-earn Bitcoin mobile games utilizing the Lightning network, is shifting to the iGaming sector with the launch...

Synthetix Proposes Overhaul of Staking Model and Revitalization of sUSD

Kain Warwick, founder of Synthetix, proposes a significant overhaul of the SNX token through a new staking model called the 420 Pool. Key points...

FalconX Head of Trading Brian Strugats Departs from Company

Brian Strugats, head of trading at cryptocurrency prime broker FalconX, has departed from the company as noted in an internal memo. Key points: ...

SBI VC Trade Receives Approval to Offer USDC as Japan's First Dollar Stablecoin

SBI VC Trade, a subsidiary of SBI Holdings, received regulatory approval as an Electronic Payments Provider in Japan. This approval, from the Japan...

President Trump Expected to Approve Resolution Rescinding IRS Crypto Rule

The White House is likely to approve a Congressional resolution aimed at rescinding an IRS rule affecting decentralized finance (DeFi), as...

Bitcoin Falls Below $84,000 After Initial Surge to $94,000

Bitcoin recently reached $94,000 amid the announcement of a U.S. crypto strategic reserve that will include BTC, ETH, SOL, ADA, and other assets....

Polkadot Price Drops Below $4.8 Support Level Indicating Bearish Trend

Polkadot (DOT) has fallen below the $4.8 support level, intensifying bearish pressure in the market. The price is currently vulnerable, raising...

Congressional Crypto Caucus Formed to Support U.S. Cryptocurrency Innovation

The United States maintains its leadership in global innovation, particularly in cryptocurrency, which promotes individual financial ownership and...

Bank of Israel Proposes Design for Multipurpose Digital Shekel

The Bank of Israel has proposed a design for a potential central bank digital currency (CBDC), referred to as the digital shekel (DS). Key points...

8 Reasons Against Establishing a U.S. Strategic Crypto Reserve

A discussion emerges around the implications of the U.S. government potentially acquiring Bitcoin and other cryptocurrencies as part of a Crypto...

Portofino Technologies Plans Office Openings in New York and Singapore

Portofino Technologies, a Switzerland-based crypto market maker, plans to expand its operations significantly by 2025. Key developments include: ...

Blockworks Launches Daily Newsletter "The Drop" for Crypto Insights

A new newsletter, The Drop, has been launched to cover developments in the crypto ecosystems focused on applications such as gaming, NFTs, and...

Bitcoin Surges Over 20% as Major Transfers Trigger Market Activity

Bitcoin surged over 20% on Monday, rising from a low of $85k to above $90k. This rally followed US President Donald Trump's announcement of a...

Ether Position Worth $126 Million Nears Liquidation Amid Market Plunge

An ether (ETH) position valued over $126 million nearly faced liquidation during a market decline. ETH has dropped 22% in 48 hours, currently...

Treasury Yields Drop Amid Market Turmoil, Raising Hopes for Crypto Recovery

Crypto markets are under pressure due to a speculative bubble in memecoins and a risk-off sentiment in traditional finance. The U.S. stock market...

Crypto Market Rallies on Trump's Strategic Reserve Announcement

The cryptocurrency market surged over the weekend following President Trump's announcement to include Solana, XRP, and Cardano in a...

21Shares Maintains Positive Long-Term Outlook for Crypto Despite Short-Term Volatility

Market reaction follows U.S. tariffs announcement: President Trump announced 25% tariffs on Canada and Mexico, causing a drop in both traditional...

CoinDesk 20 Index Falls 3.9% as SUI Drops 11%

The CoinDesk 20 Index is currently at 2684.39, a decrease of 3.9% (-109.08) since Monday at 4 p.m. ET. Key performers: Leaders: HBAR up 4.2%,...

Arthur Hayes Predicts Bitcoin Could Reach $1 Million Amid Recession

Former BitMEX CEO Arthur Hayes discusses Bitcoin's potential trajectory in his blog post "KISS of Death," predicting a price surge to $1 million...

Crypto Market Cap Drops 10% Amid Ongoing Bull Cycle

The crypto market has seen a significant downturn, with a nearly 10% drop in overall market cap and leading cryptocurrencies like Bitcoin,...
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