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Bitcoin’s key support level at $82,000 is under pressure as the cryptocurrency plunges nearly 30% from its all-time high of $126,000. Whale activity has surged this week, with over 102,900 transactions exceeding $100,000, indicating distribution among long-term holders. Holding above this level is crucial to avoid a deeper bear market reminiscent of 2022. Bitcoin support […]
The White House has urged Congress to reject the GAIN AI Act, which would restrict Nvidia’s exports of advanced AI chips to China, arguing that U.S. customers already have sufficient supply and such limits could harm innovation and global competitiveness without addressing security concerns. White House opposition stems from concerns over chip shortages for domestic […]
Vitalik Buterin warns that BlackRock’s expanding Ethereum holdings via its ETF pose two key threats: crowding out decentralization-focused developers and pushing technical changes that centralize the network, potentially undermining Ethereum’s core permissionless principles. Vitalik Buterin cautions on institutional dominance in Ethereum, highlighting risks from BlackRock’s ETF inflows. Growing ETH ownership by firms like BlackRock could […]
XRP price has dropped 14.9% in the week following the launch of its first spot ETF by Canary Capital, despite strong initial inflows of over $250 million. The decline to below $2.15 stems from whale sell-offs and broader market pressures, not negating long-term ETF potential. XRP ETF debut saw $58 million in first-day volume, highest […]
MiniPay, Opera’s stablecoin wallet on the Celo blockchain, now connects USDT to local payment systems in Latin America via its “Pay like a local” feature. Powered by Noah, it allows seamless payments to shops using Mercado Pago in Argentina and PIX in Brazil, enabling over 10 million users to spend stablecoins instantly without card issues. […]
ARK Invest, led by Cathie Wood, purchased over $39 million in shares of Bullish, Circle, and BitMine amid a dip in crypto stocks, demonstrating strong conviction in the sector’s long-term potential despite short-term market volatility. ARK Fintech Innovation ETF acquired significant Bullish shares, totaling $16.8 million across funds. Circle, issuer of the USDC stablecoin, saw […]
World Liberty Financial (WLFI) blacklisted compromised user wallets holding its token due to pre-launch phishing attacks and leaked seed phrases, unrelated to its systems. The company froze 272 affected wallets, executed an emergency burn of 166.667 million tokens valued at $22.14 million, and implemented KYC checks for secure reallocations. Pre-launch breaches: Attackers exploited phishing and […]
The Cayman Islands court has blocked Maple Finance’s syrupBTC launch due to allegations from Core Foundation of breaching their lstBTC partnership agreement, misusing confidential data, and exposing lenders to risks over $150 million in Bitcoin assets. A Cayman Islands court halts Maple’s syrupBTC product rollout amid Core Foundation’s claims of partnership violations and data misuse. […]
William Lonergan Hill, co-founder of Samourai Wallet, received a four-year federal prison sentence for operating an unlicensed money-transmitting business that concealed over $237 million in illicit Bitcoin funds. This follows Keonne Rodriguez’s five-year term, highlighting U.S. crackdowns on crypto mixers aiding criminal activities. Samourai Wallet’s Whirlpool and Ricochet tools obscured Bitcoin transactions, processing 80,000 BTC […]