Category: crypto

Gold fell below $4,500 per ounce on Friday as both spot prices and New York futures dropped about 0.94 percent, extending a sharp pullback from this year’s record highs. The drop was attributed to a stronger dollar, rising oil prices, and expectations of another Federal Reserve rate hike later in the year.

Kevin Warsh was sworn in as the 17th Federal Reserve chair on Friday at a White House ceremony, succeeding Jerome Powell. The Senate confirmed Warsh in a narrow 54-45 vote. Bitcoin traded near $77,400 as traders anticipated Warsh’s leadership transition ahead of his first FOMC meeting in June. Warsh is seen as the most crypto-literate…

Jeremy Sturdivant, who received 10,000 Bitcoin for two pizzas in 2010, spent most of it before BTC rose above $1. Sturdivant did not become a Bitcoin billionaire as he used the coins for goods and travel. He viewed Bitcoin as a living currency and not as a speculative investment. Today, that same 10,000 BTC would…

Ripple participated in a $6 million funding round for the cross-chain platform Squid, led by North Island Ventures. Squid aims to simplify asset transfers across blockchains and has processed over $6 billion in volume since its launch. The funding will support the development of new consumer-facing products.

Kalshi and Polymarket lost bids to block gambling cases in Nevada and Washington. A Ninth Circuit panel denied emergency motions from both platforms, ruling that federal derivatives oversight does not shield prediction markets from state gaming laws. The decision deepens a legal split over sports event contracts as federally regulated swaps or gambling products.

Rep. Matt Van Epps championed a Bitcoin reserve bill in Nashville. The American Reserve Modernization Act would lock federally held Bitcoin for 20 years and authorize Treasury to acquire up to 1 million BTC. The bill aims to reduce the national debt and solidify American leadership in financial innovation.

Robinhood Crypto COO Tanya Denisova is leaving the platform after over five years. The company’s Q1 2026 crypto revenue dropped by 47%, contributing to an earnings miss. No successor has been named, and the departure comes as Robinhood faces challenges in the crypto market. Denisova oversaw the launch of various crypto services during her tenure.

Bitcoin long liquidations exceeded $320 million on May 22 due to the SEC’s unexpected delay in implementing a tokenized stock plan. Longs accounted for $296 million of the total. This delay caused a drop in Bitcoin prices and led to a sharp move in derivatives markets. The delay impacts the crypto market structure and potential…

Polymarket has been blocked in India after authorities classified it as an illegal online money gaming platform. The Ministry of Electronics and Information Technology directed internet providers to restrict access to prediction market platforms like Polymarket. Indian officials are concerned about capital outflows, stablecoin usage, and unmonitored betting activity on offshore platforms.

Galaxy Digital founder Mike Novogratz testified in court over BitGo’s $100 million claim related to a failed $1.2 billion merger. The dispute involves financial statements, SEC rules, and whether Galaxy validly ended the deal. Novogratz claimed SEC approval was difficult, while BitGo says Galaxy damaged its reputation by walking away.