Category: crypto
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Samourai Wallet co-founder William Hill receives sentence
Samourai Wallet co-founder William Hill received a four-year prison sentence for operating an unlicensed money-transmitting business. Prosecutors allege $237 million in illegal transactions were facilitated through the platform. Hill’s recent autism diagnosis and plea agreement resulted in a lighter sentence. The case highlights federal scrutiny of cryptocurrency privacy tools.
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Michael Saylor says Strategy can endure deep Bitcoin drop
Michael Saylor believes Bitcoin’s decreasing volatility shows a maturing market. He claims his company’s strategy can handle an 80-90% BTC decline. Despite recent price dips, he remains confident in Bitcoin’s strength and performance. Saylor notes increasing institutional interest in Bitcoin and continues to buy more coins.
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WhiteBIT signs agreement with the holding of His Royal Highness Prince Naif Bin Abdullah Bin Saud
WhiteBIT, a European cryptocurrency exchange, has partnered with Durrah AlFodah Holding in Saudi Arabia to advance blockchain technology and digital finance in line with Vision 2030. The agreement, facilitated by Seaside Arabia, aims to drive economic diversification and technological innovation through projects such as stock market tokenization and CBDC framework development.
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Japan Exchange Group may require new audits for crypto-rich firms
Japan Exchange Group is considering tighter oversight for publicly listed companies with significant cryptocurrency holdings. This may involve new audits and stricter rules for firms accumulating large amounts of crypto. Three companies paused their crypto accumulation plans after warnings from JPX about potential fundraising restrictions. Market analysts see increased regulatory scrutiny of firms with major…
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Trader bets $27 million against XRP with heavy leverage
A prominent trader has opened a $27 million short position on XRP with 20x leverage. Additionally, large holders dumped 200 million XRP tokens as price weakened. Analysts predict potential declines towards Fibonacci support levels but note a possible long-term recovery with ETF interest. XRP has faced selling pressure despite institutional interest.
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Falcon Finance launches staking vaults, allowing users to earn USDf while holding assets
Falcon Finance has launched Staking Vaults, allowing users to earn USDf yield on long-term holdings without giving up ownership. Users can deposit their assets and earn USDf directly, with a 180-day lockup period and 3-day cooldown. Rewards are issued in USDf, strengthening the DeFi landscape and USDf ecosystem.
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Abu Dhabi tripled Bitcoin ETF stake; then the market tanked
The Abu Dhabi Investment Council (ADIC) increased its stake in BlackRock’s iShares Bitcoin Trust (IBIT) ETF before the cryptocurrency market downturn. ADIC disclosed holding nearly 8 million shares valued at $518 million. Other institutional investors have also increased exposure to IBIT, but overall sentiment has weakened with record outflows from Bitcoin ETFs. ADIC’s move reflects…
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Pepenode offers virtual mining rigs in token presale
PEPENODE’s presale offers virtual mining rigs with potential rewards in meme tokens and a staking yield of 596% amid a declining cryptocurrency market. Investors can purchase mining nodes with PEPENODE tokens, with the token supply capped at 210 billion and prices rising every three days until launch.
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Coinbase to launch prediction markets platform via Kalshi
Coinbase is developing a prediction markets platform based on Kalshi’s infrastructure, as indicated by leaked screenshots. Gemini and Crypto.com are also advancing similar offerings. Coinbase Business has launched in Singapore, providing USDC payments and regulatory-compliant financial services for local startups. The platform aims to support the innovation economy in Singapore.
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Trump expected to sign crypto regulation bill
The U.S. Senate Banking Committee plans to vote in December 2025 on legislation to regulate the cryptocurrency market. The bill would designate Bitcoin and Ether as commodities, resolving a conflict between the SEC and CFTC. The legislation includes rules for exchanges on customer funds and disclosures, with bipartisan talks ongoing. President Trump is expected to…