Category: crypto

The Ethereum Foundation unstaked 17,035 ETH worth $40 million after nearing its 70,000 ETH staking goal. The foundation deposited wrapped staked ETH into Lido’s unstETH contract and awaits ETH after the withdrawal queue completes. Market users questioned a possible sale, but the foundation has not provided an explanation yet.

Peter Schiff warned that Strategy, formerly known as MicroStrategy, may face pressure from its latest funding approach using high-yield preferred shares. Schiff argues that the 11.5% yield on the shares could force Strategy to raise more capital or sell Bitcoin, potentially impacting the company’s Bitcoin holdings and financial stability.

Ripple CEO Brad Garlinghouse received the 2026 Business Leader of the Year award from the Harvard Business School Association of Northern California in San Francisco. He was recognized for scaling Ripple while maintaining its long-term business vision, expanding through acquisitions and global licenses, and leading the company through a legal battle with the SEC.

More than one-third of US crypto traders have cut daily spending due to current market conditions, with 37% delaying or cancelling purchases. Despite this, 79% plan to hold or increase their crypto positions. A survey of 1,100 US-based users found that many traders are managing losses alone and keeping their crypto holdings private.

Pi Network will sponsor Consensus 2026 in Miami, with founders Chengdiao Fan and Nicolas Kokkalis speaking about AI, Web3, and online identity verification. The event aims to engage the network’s large user base in broader ecosystem activities. Protocol upgrades are also planned to support smart contracts and ecosystem growth.

Patrick Witt warned that failing to pass clear US crypto rules could benefit China in the digital asset market. The CLARITY Act, aimed at regulating digital assets, faces resistance and is stalled in the Senate Banking Committee. The bill’s progress is slowed by disputes over stablecoin yield rules and the narrow GOP majority in the…

Michael Saylor hinted at another Bitcoin purchase for Strategy ahead of the company’s update. Last week, Strategy raised its holdings to 815,061 BTC. Analysts expect a smaller buy due to funding limitations, as MSTR share issuance paused. The company still has ATM capacity for purchases, but may face restrictions.

Litecoin experienced a significant chain reorganization due to attackers exploiting a zero-day bug in its MimbleWimble Extension Block privacy layer. The bug allowed for double-spends against cross-chain swap protocols, resulting in a 13-block reversal. The Litecoin Foundation confirmed that the bug has been patched, with some venues reporting losses.

22-year-old Evan Tangeman from California has been sentenced to 70 months in prison for his involvement in a crypto theft group that stole $263 million through various scams and attacks. Tangeman helped launder at least $3.5 million in stolen funds, which were used to purchase luxury items like Lamborghinis, Rolexes, and real estate. The rise…

The Commodity Futures Trading Commission has sued New York over its attempt to apply state gambling laws to prediction market platforms. The CFTC argues that New York’s actions could interfere with federal oversight of prediction market contracts. This lawsuit is part of a larger debate over who should regulate event-based contracts in the United States.