Following a 13-hour debate, the U.S. House Financial Services Committee has passed the STABLE Act with a 32-17 vote, with six Democrats joining Republicans in support. This bill focuses on stablecoin regulation and now heads to a full House vote for further approval. The strong bipartisan backing suggests growing interest in establishing clear rules for …
In the past 24 hours, the crypto market saw $500 million in liquidations, with $300 million wiped out in just four hours. Major assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA) were hit hard. The sell-off also slashed $200 billion from the market’s peak valuation, causing widespread volatility. This rapid downturn …
Bhutan’s Royal Government recently transferred 377.78 BTC ($32 million) to a new wallet, bringing its total Bitcoin holdings to 8,594 BTC, now valued at $726 million. This move highlights the country’s continued involvement in crypto investments. Bhutan has been actively accumulating Bitcoin, signaling its strategic interest in digital assets. As institutional adoption grows, Bhutan’s Bitcoin …
As of April 2, 2025, the cryptocurrency market remains volatile. Bitcoin is trading around $84,564, showing slight recovery from recent dips. Analysts are cautious due to the potential ‘death cross,’ where the 50-day moving average falls below the 200-day average, signaling possible downturns. Additionally, President Trump’s upcoming tariffs are causing market uncertainty, impacting risk assets …
Jetking, a publicly listed Indian company, has approved an equity sale to expand its Bitcoin reserves. This move aligns with the growing trend of businesses adopting Bitcoin as a hedge against inflation and economic uncertainty. As institutional interest in crypto rises globally, Jetking’s decision signals confidence in Bitcoin’s long-term value. The move could encourage more …
Sumitomo Mitsui Financial Group, the parent company of Japan’s second-largest bank, SMBC, is stepping into the stablecoin space. The bank is collaborating with Ava Labs for blockchain infrastructure and Fireblocks for token management. Testing is set to begin in the second half of 2025, with a potential launch as early as next year. This move …
Global asset manager Franklin Templeton, overseeing $1.5 trillion in assets, is considering launching a Bitcoin Exchange-Traded Product (ETP) in Europe. As institutional demand for digital assets grows, major financial firms are increasingly entering the crypto space. A Bitcoin ETP would provide investors with a regulated and convenient way to gain exposure to Bitcoin without directly …
VanEck has registered a Binance Coin (BNB) exchange-traded fund (ETF) in Delaware, marking its fifth crypto asset ETF filing in the state. This is the first attempt to launch a BNB ETF in the U.S. market. With this move, BNB joins Bitcoin, Ether, Solana, and Avalanche as cryptocurrencies with standalone ETF registrations by VanEck. As …
Metaplanet has again expanded its Bitcoin holdings, purchasing an additional 160 BTC for ¥1.9 billion. This latest buy brings its total Bitcoin stash to 4,206 BTC, with a total investment of ¥54 billion. The company continues to bet big on Bitcoin as part of its long-term strategy. With each new acquisition, Metaplanet strengthens its position …
Grayscale has officially filed an S-3 form with the U.S. SEC to register its Digital Large Cap Fund as an exchange-traded fund (ETF). This fund holds major cryptocurrencies, including Bitcoin, Ethereum, XRP, Solana, and Cardano. If approved, the ETF could open the door for greater institutional investment in crypto, making regulated exposure easier for big …
The hacker behind the $9.6 million exploit of the decentralized lending platform zkLend in February has revealed they fell victim to a phishing website. The scam site, posing as a front-end for Tornado Cash, tricked the hacker into losing 2,930 Ether from the stolen funds. This incident adds a surprising twist to the ongoing zkLend …
Metaplanet has strengthened its position in the cryptocurrency market by acquiring an additional 696 Bitcoins. This move further expands the company’s growing Bitcoin reserves, signaling confidence in the digital asset’s long-term value. As the market continues to evolve, Metaplanet’s strategic purchase reflects its commitment to increasing its stake in Bitcoin, one of the most widely …
Pi Network recently secured a significant listing on the BTCC Exchange, sparking discussions about its potential in the crypto market. Despite a recent drop to $0.68, the Pi Coin price gained over 1%, trading at $0.7184. It reached a 24-hour high of $0.7535 and a low of $0.6806. However, Pi Coin has suffered a 22% …
On April 5, the U.S. Treasury Department, along with other federal agencies, will reveal their Bitcoin and cryptocurrency holdings. This disclosure will also include decisions on whether popular digital assets like XRP, Solana (SOL), and Cardano (ADA) will be incorporated into the national digital asset reserves. The announcement could mark a pivotal moment in the …
Scam emails are making the rounds in the crypto community, falsely claiming that Gemini is filing for bankruptcy. These emails, coming from suspicious addresses, misleadingly state that a 2024 security breach compromised $1.2 billion in the exchange’s cold storage reserves. The fraudsters further claim that operational and regulatory challenges are forcing Gemini into bankruptcy protection. …
A live TV glitch on the “American Sunrise Early Edition” show caused XRP’s price to surge to an unbelievable $21,355, a 961,936% increase. This sparked confusion and controversy in the crypto community. The price spike was part of a broader technical issue that also affected the values of other cryptocurrencies like Bitcoin, Ethereum, and Solana. …
Pi Network’s price has been falling, largely due to upcoming token unlocks. Over 1.6 billion tokens, valued at $1.4 billion, will be unlocked in the next 12 months, increasing the circulating supply and diluting the value of existing tokens. While the team hasn’t confirmed a token burn, market rumors suggest it could happen soon. If …
Brazil’s government has declared that a Bitcoin reserve is essential for the country’s economic prosperity. To support this vision, Congress is already reviewing an active bill that would allocate 5% of Brazil’s national reserves to Bitcoin, signaling a major shift toward crypto adoption. If passed, this move could position Brazil as a leader in integrating …
Haliey Welch, famously known as the “Hawk Tuah” girl, revealed that the SEC has closed its probe into her meme coin, which plummeted 95% within hours of launch. Despite investors losing millions, the agency chose not to press charges or impose fines. This decision highlights the SEC’s selective enforcement in volatile crypto markets, sparking debate …
In a surprising move, President Donald Trump has pardoned BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed. The trio had pleaded guilty in 2022 to violating the Bank Secrecy Act by failing to implement anti-money laundering protocols. The decision has sparked debate, with some viewing it as a win for crypto innovation, while others …
After a strong 10-day streak of inflows, Bitcoin ETFs saw a sudden reversal on March 28, 2025, with a $93.16 million outflow—the first in nearly two weeks. From March 14 to March 27, these ETFs attracted over $1 billion, peaking at $274.59 million on March 17. The streak’s end hints at shifting investor sentiment, raising …
XRP recorded the largest drop among major cryptocurrencies this week, driven by a mix of technical and fundamental factors. Market-wide corrections led to increased sell pressure, but XRP’s decline was amplified by regulatory uncertainty surrounding Ripple and decreased trading volume. Additionally, profit-taking by short-term investors following recent price spikes contributed to the sell-off. While other …
The National Consumer Disputes Redressal Commission (NCDRC) has dismissed a lawsuit filed against WazirX over a ₹2000 crore hack. The court ruled that there is no established legal framework for cryptocurrency-related issues in India. As a result, the case against the crypto exchange was thrown out, highlighting the regulatory gap surrounding cryptocurrency in the country. …
Galaxy Digital has agreed to a $200 million settlement with the New York Attorney General over its promotion of the #LUNA token. The company was accused of violating the Martin Act and Executive Law by not disclosing its interest in the asset when promoting it to the public. This settlement serves as a reminder for …
Grayscale has officially filed for an Avalanche ETF with Nasdaq, marking a significant step for the firm as it expands its offerings in the cryptocurrency space. The move aims to provide investors with a more accessible way to gain exposure to Avalanche (AVAX) through a regulated financial product. If approved, this ETF could further solidify …
Hackers on the dark web allege they have obtained over 100,000 user records from crypto exchanges Gemini and Binance. According to a March 27 report by Dark Web Informer, a threat actor known as AKM69 is selling a database containing full names, emails, phone numbers, and location data. Most affected users are from the U.S., …
On March 28, 2025, the crypto market faced a sharp shake-up as $120 million in liquidations hit within an hour. Ethereum (ETH) took a major hit, plunging from $2,000 to $1,900, sparking concern among traders. The sudden drop triggered a wave of reactions across the crypto community, with some seeing it as a buying opportunity …
South Carolina has introduced the Bitcoin Reserve Bill (H4256), allowing the State Treasurer to invest up to 10% of state funds in Bitcoin, with a cap of 1 million BTC. If passed, this move would make South Carolina one of the first U.S. states to officially allocate public funds to Bitcoin. The bill reflects growing …
The U.S. Securities and Exchange Commission (SEC) has officially ended its investigations into several cryptocurrency exchanges, including Crypto.com, Kraken, Consensys, and Cumberland. Following months of investigation, the regulator has chosen not to pursue any enforcement actions against them. This decision brings relief to the crypto industry, which has faced increasing regulatory pressure. While the SEC …
On March 27, 2025, the U.S. government moved 93.96 BTC ($8M) and 884.33 ETH ($1.77M) from the Sae-Heng confiscated funds, linked to a ‘pig butchering’ scam. Arkham tracked the movement, noting that $10 in BTC was sent to one address, with the rest moved to a change wallet. While the reason remains unclear, such transactions …