Category: crypto

A report by River published on May 20 suggests that America’s efforts to become a global hub for Bitcoin and digital assets could lead to domestic economic growth. The US is in a unique position to benefit from Bitcoin’s institutionalization, with over 40% of American adults under 40 using or investing in Bitcoin. US firms…

Bitcoin has reached above the $107,000 threshold due to strong buying activity. Short-term holders are experiencing financial recovery, with increased profitability and capital inflows. Investors are securing gains as the market absorbs profit-taking without major disruptions. Glassnode reports improved investor conditions, indicating a healthy bull market phase.

Robinhood has proposed a federal framework to regulate tokenized real-world assets in the US, aiming to create a $30 trillion market. The proposal outlines a legal infrastructure to treat digital tokens as equivalent to traditional financial instruments. The initiative includes plans for a new platform called the Real World Asset Exchange.

Ethereum co-founder Jeffrey Wilcke transferred $262 million worth of ETH to a Kraken deposit address, nearly emptying his holdings. Subsequent withdrawals from the exchange suggest he divided his holdings. Despite this, Ethereum’s price remained stable. Previous large transfers by the Ethereum Foundation have sparked community scrutiny, with concerns about staking and protocol upgrades.

Binance has filed a motion to dismiss FTX’s $1.76 billion lawsuit, claiming lack of jurisdiction and unsupported allegations. Binance argued that the US court has no authority over the foreign entities named in the case, as none of the defendants resided in the US. Binance also refuted claims of contributing to FTX’s collapse and stated…

Strive Asset Management Firm partners with Castell Advisory Group to acquire distressed Bitcoin claims, including those from Mt. Gox. The firms aim to target claims with legal rulings awaiting distribution, allowing Strive to acquire Bitcoin below market value. The move supports Strive’s goal of outperforming top cryptocurrencies. Approval from shareholders is needed for the acquisition,…

Argentinian President Javier Milei has closed the Task Force for Investigation (UTI) related to his promotion of the LIBRA token. The investigation into financial crimes and conflicts of interest will continue under the Public Prosecutor’s Office. Milei’s endorsement of LIBRA led to its market surge and subsequent crash, prompting accusations of market manipulation.

Katherine Reilly became Acting Inspector General at the SEC, succeeding Deborah Jeffrey. Reilly’s focus is on oversight, audit, and investigations into the agency’s ability to execute its mandate amidst market complexity, including digital assets. She has flagged digital asset fraud as a top concern and emphasized resource sufficiency and internal vulnerabilities. Her reports highlight the…

India’s Supreme Court has directed regulatory bodies to develop clear guidelines for governing crypto activities in response to the rising adoption of digital assets in the country. The court emphasized the need for oversight frameworks and highlighted the potential economic benefits of a supportive regulatory environment. Industry experts are hopeful that regulatory clarity could boost…

Ripple CEO Brad Garlinghouse expressed frustration after a meeting with Senator Cynthia Lummis, who chairs the Senate’s Digital Assets Subcommittee, was canceled. Garlinghouse was in Washington, D.C., to discuss regulations for stablecoins and crypto market structure. The cancellation sparked speculation in the crypto community, with some suggesting motives behind the snub.