Category: crypto

Geopolitical tensions and US tariffs are prompting nations to reduce reliance on the US financial system. VanEck’s report shows interest in neutral payment systems, with Bitcoin being used by China and Russia for energy trades. This shift was catalyzed by the US freezing Russian reserves in 2022, accelerating the move towards alternative currencies like Bitcoin.

The US Senate confirmed Paul Atkins as Chair of the SEC in a 52-44 vote, marking a shift from previous enforcement-focused regulation. Atkins, a former SEC Commissioner and Wall Street consultant, aims to recalibrate the agency’s approach to digital assets. His confirmation signals a move towards a principles-based regulatory framework.

The SEC approved proposals from Nasdaq and Cboe to list and trade options on spot Ethereum ETFs managed by BlackRock and Fidelity. The options will have American-style exercise and physical settlement, with a 25,000-contract position and exercise limit per market side. This follows a similar approval for Bitcoin ETF options last year.

NEO and GAS saw significant gains fueled by trading with the Korean won on Upbit, following recent price declines. The surge coincided with the launch of the Neo Bond program, offering holders a 50% annualized yield for locking up tokens. Korean retail flows contributed to the uptick in price for both assets.

Pakistan plans to allocate excess electricity from its national grid to Bitcoin mining operations and AI data centers. This initiative aims to address energy sector inefficiencies and advance the country’s position in emerging technologies. Changpeng Zhao of Binance has been appointed as a strategic adviser. Talks with mining companies are ongoing to determine infrastructure and…

Magic Eden is acquiring Slingshot, a crypto trading app, to expand beyond NFTs and challenge centralized exchanges. The acquisition aims to create a fully on-chain trading experience and offer a seamless and safe way to buy and sell crypto and digital assets across all chains. The move comes as the crypto industry shifts towards decentralized…

Bitcoin-heavyweight Strategy, formerly MicroStrategy, transferred over 8,000 BTC to new wallets worth more than $700 million. This raised concerns in the crypto community that the company might be preparing to sell some of its holdings to cover financial obligations. Despite recent market volatility, Strategy has pledged to hold onto its assets.

Bitcoin (BTC) surged above $82,000 after Trump announced a 90-day tariff pause for most nations, excluding China. The move was seen as a strategic timeout to stabilize global supply chains and prevent a recession, leading to a rally in global markets. Other cryptocurrencies like Ethereum (ETH) and Solana (SOL) also saw gains. Markets reacted with…

The top performing exchange-traded funds (ETFs) year-to-date are the UltraShort Ether ETF (ETHD) and T-Rex 2X Inverse Ether Daily Target ETF (ETQ), both exposed to short Ethereum 2x leveraged positions. ETHD has returned 247% and ETQ 219.2%, outperforming other leveraged ETFs due to Ethereum’s price reversal.

Cybercriminals are targeting crypto users through SourceForge, uploading fake Microsoft Office installers with hidden malware. More than 4,600 incidents were recorded in Q1 2025, with 90% of affected users in Russia. The attackers use clipbanker Trojans and crypto miners to steal money and sensitive information from unsuspecting users.