Category: crypto

Grayscale Research argues that Strategy’s $216 million Bitcoin sale has improved the company’s financial position, creating conditions for a stable Bitcoin price. The sale has reduced financing risk, strengthened the balance sheet, and increased cash reserves to support a more stable Bitcoin price. Investors have backed the company, leading to positive trading activity.

Wall Street banks, including Morgan Stanley, have given fresh buy ratings to SpaceX with a base-case price target of $300. The company’s inclusion in the Nasdaq-100 Index is expected to trigger around $4.3 billion in passive fund buying. Despite bullish ratings, SpaceX shares experienced selling pressure, closing at $160.42.

XRP Ledger has seen over 55% of trusted validators adopt the xrpld v3.2.0 upgrade, moving closer to activation. The update includes infrastructure and security improvements, as well as a rename from rippled to xrpld. An amendment with security fixes has 40% support, with more validators needed for activation.

Ripple has received full regulatory approval in Luxembourg under the MiCA framework, allowing them to offer regulated crypto services across the European Economic Area. XRP spot ETFs have seen eight consecutive weeks of inflows totaling $1.49 billion, despite XRP trading lower. Technical indicators suggest XRP is testing key support levels.

U.S.-linked wallets traded $571 million in political contracts on Polymarket in the past year. Despite restrictions blocking American users from the platform, U.S. demand focused on foreign conflict markets not available in the U.S. The data raises concerns about offshore market access and oversight, especially as Polymarket faces regulatory scrutiny.

A dormant Bitcoin wallet involved in a New York lawsuit transferred 30 BTC worth $1.88 million after 15 years of inactivity. More addresses linked to the case have shown activity, with ongoing legal disputes over ownership of 39,069 Bitcoin wallets under New York’s lost-property law. Some defendants argue that Bitcoin addresses are not legal entities.

ZachXBT, a blockchain investigator, discovered that several meme coins were using his likeness without his permission. He sold the tokens sent to his donation wallet and donated around $41,000 to charities. This incident highlights how meme coin creators use well-known crypto figures to attract attention.

South Korea has delayed taking action against Polymarket over concerns of violating gambling laws, allowing the platform to respond. The review follows a police investigation into local users for illegal election-related gambling. Regulatory scrutiny is increasing globally, with authorities in Europe and the United States also looking into Polymarket’s operations.

EMURGO announced that SecondFi will not return to normal operations following a recent security incident with their Cardano wallet. Audits are ongoing, and the company is focused on asset recovery for affected users. EMURGO is preparing checker tools, migration routes, and a recovery fund for users. Recovery efforts are prioritized over product operation, with audits…

Bitcoin developer Luke Dashjr has refused to withdraw BIP-110, a controversial proposal to limit non-financial data on the Bitcoin network. The proposal aims to restrict certain forms of data in transactions to focus on money transfers, sparking debate over Bitcoin’s purpose and governance without central authority.