Category: crypto

A new U.S. Senate bill called the “DEATH BETS Act” aims to ban trading contracts related to war, terrorism, assassination, and death. This could impact prediction-market platforms like Polymarket. The proposed legislation would tighten regulations on platforms speculating on tragic events and could influence how prediction markets operate in the future.

Bitcoin exchange supply is at a record low, signaling tightening supply, despite high-profile investors like the Winklevoss twins moving large sums of BTC to exchanges. The total Bitcoin available on centralized exchanges continues to decline, with investors moving BTC into cold storage or long-term custody. This trend, combined with growing institutional demand, may lead to…

Santiment data shows Ethereum has over three times the number of holders compared to Bitcoin, with 182.7 million non-empty wallets for ETH and 58.5 million for BTC. Ethereum’s broader adoption is attributed to its use in DeFi, NFTs, stablecoins, and on-chain applications. Traders are monitoring ETH’s price near $2,000 as a potential launchpad for a…

The XRP Ledger has experienced a surge in network activity with over 2.7 million daily transactions, but the XRP price remains stagnant. Despite the high transaction volume, the price of XRP is trading sideways around $1.37. Traders are cautious, waiting for stronger catalysts before committing to new positions.

Antalpha has made over $100 million in unrealized gains by investing in tokenized gold, particularly in Tether Gold. The firm transferred $15 million worth of Tether Gold to the Cobo platform, suggesting possible portfolio management. Demand for gold-backed tokens like XAUT and PAXG is increasing due to geopolitical uncertainty.

The U.S. Department of Justice is investigating whether Iranian networks used Binance to evade American sanctions by routing over $1 billion through the platform. Binance denies direct transactions with sanctioned entities and shut down suspicious accounts. The investigation is ongoing, with regulators concerned about cryptocurrency’s potential for bypassing financial restrictions.

Ripple plans to acquire an Australian payments firm to obtain an Australian Financial Services License by June 30, 2026. This move is part of Ripple’s global regulatory strategy to expand its presence in key markets. The acquisition will help Ripple manage transactions and comply with updated regulations in Australia’s crypto sector.

A couple in western Paris was held hostage by three criminals posing as police officers who forced them to transfer €900,000 in Bitcoin. The attackers threatened the victims with a knife, tied up the husband, and fled the scene. This incident adds to a rise in crypto-related kidnappings and extortion attempts in France.

Solmate Infrastructure, a Nasdaq-listed company, plans to build a Solana infrastructure hub in Abu Dhabi as part of a corporate restructuring. Changing its legal name to Solmate Infrastructure PLC, the company aims to focus on digital asset infrastructure in the region, following a previous shift in strategy towards Solana.

Bitwise CIO Matt Hougan believes Bitcoin could reach $1 million per coin by capturing 17% of the global store-of-value market currently dominated by gold. Increased adoption through spot Bitcoin ETFs and institutional investment could help drive Bitcoin’s market share higher in the next decade, according to his analysis.