Grayscale says bitcoin could remain under pressure until September or October if its historic four-year cycle repeats. However, the asset manager believes economic growth and Federal Reserve policy now offer a more useful guide to the market. Zach Pandl Says Bitcoin May Have Bottomed if the Fed Avoids Another Rate Increase Bitcoin’s bear market may […]
Read MoreKenyan Investigators Freeze $751,853 in USDT as Binance Wallet Probe Widens Further
Kenya’s Assets Recovery Agency (ARA) has frozen at least $888,030 in cash and tether stablecoins tied to a multi-layered money laundering operation. Parallel Channels Used to Evade Detection Kenyan investigators have seized and frozen at least $888,030 (115 million Kenyan shillings) linked to two residents after tracing a multi-layered money laundering operation that allegedly moved […]
Read MoreFormer House Financial Services Chair: CLARITY Act’s Passage Is ‘When, Not If’
Former House Financial Services Committee Chairman Patrick McHenry told Bloomberg the CLARITY Act’s passage is “a question of when, not if,” days after comparing the crypto market structure bill to the 1996 Telecommunications Act. A Telecom-Sized Comparison Patrick McHenry, the former chairman of the House Financial Services Committee who helped shepherd the CLARITY Act through […]
Read MoreBitcoin Traders Trigger $87M in Liquidations After BTC Slides Below $64,000
Bitcoin fell below $64,000 after reaching nearly $67,000 mid-week, dropping its market cap to $1.285 trillion and triggering $312 million in total crypto liquidations. Bitcoin Reverses Gains as Liquidations Mount Bitcoin briefly slipped below $64,000 on Friday, positioning the top cryptocurrency to end the week flat after nearly reaching $67,000 on Wednesday. The reversal occurred […]
Read MoreExploiting Private Data: Lawsuit Claims BitMEX Used ‘God Access’ to Force Customer Liquidations
The complaint, which includes former BitMEX CEO Arthur Hayes and former CTO Samuel Reed as defendants, alleges that the exchange operated a fraudulent scheme from an insider desk managed by Head of Business Development Gregory Dwyer to trade against its users. BitMEX Accused of Trading Against Its Users in New Complaint BitMEX, the cryptocurrency exchange […]
Read MoreEther ETFs Add $26 Million as Bitcoin’s 7-Day Streak Ends
U.S. spot bitcoin ETFs recorded $225.18 million in net outflows on Thursday, ending a seven-session inflow streak. Ether funds moved in the opposite direction, adding $26.32 million on the second anniversary of their market debut. Bitcoin ETFs See $225 Million Exit as Net Assets Fall Below $80 Billion The week’s strongest crypto exchange-traded fund (ETF) […]
Read MoreFlyfi Turns Crypto Into Hotel Keys for Token2049, Devcon 8 and Conference Season
DUBAI, United Arab Emirates — Flyfi, a privacy-focused online travel agency, has launched dedicated premium hotel packages for the global cryptocurrency and blockchain conference calendar, allowing attendees to book and pay for accommodation entirely in cryptocurrency, with no account creation and no tracking. The launch is led by packages for Token2049 Singapore and the After2049 […]
Read MoreBitcoin Keeps Hitting a $68,000 Wall—A 3.55 Million BTC Cluster Helps Explain Why
Bitcoin’s advance is running into heavy resistance near $68,000 as 3.55 million BTC approach their holders’ cost basis, creating a supply wall that is offsetting strong spot bitcoin ETF demand. ETF Demand Is Driving Bitcoin, but Price Faces a Supply Wall Bitcoin gained roughly 10% in July, rebounding from lows near $58,000 to around $63,955 […]
Read MoreBitcoin Miner Poolin Technology Files Chapter 11 With $173M Debt as $52M Asset Sale Moves Forward
Bitcoin mining pool Poolin Technology and its U.S. affiliates have filed for Chapter 11 bankruptcy in New Jersey to sell their remaining assets and liquidate operations. Debt and Affected Users Poolin Technology, once a dominant Bitcoin mining pool operator, has filed for Chapter 11 bankruptcy protection and is seeking court approval to sell its remaining […]
Read MoreSui’s Hashi Testnet Goes Live, Targeting a Slice of Bitcoin’s $1.4 Trillion Market
The Sui Foundation and Mysten Labs launched the testnet for Hashi earlier this week, a Bitcoin-collateral protocol that lets BTC back onchain loans without ever leaving the Bitcoin network. A Bridge Built to Avoid Bridges The Sui Foundation and Mysten Labs confirmed Hashi’s testnet went live on July 22, the latest step in a project […]
Read More