Category: crypto

Chainlink’s Taylor Lindman has joined the SEC’s Crypto Task Force as chief counsel, replacing Michael Selig. He brings five years of experience from Chainlink, where he focused on regulatory compliance and engaging with policymakers. The task force aims to develop regulatory frameworks for digital assets and move away from an enforcement-first approach.

Terraform Labs’ bankruptcy administrator has sued market maker Jane Street for allegedly using confidential information to profit from the 2022 collapse of the Terra ecosystem. The lawsuit accuses Jane Street insiders of insider trading and market manipulation, seeking damages and a jury trial. Jane Street denies all allegations and plans to defend itself.

Erik Voorhees, a veteran crypto advocate, repurchased 9,911 ETH for $20.38 million at an average price of $2,057 after selling 11,616 ETH for $33.94 million roughly a year ago. This move follows his diversification into tokenized gold, indicating a strategic approach to timing and portfolio management in the crypto market.

BTC is trading around $68,000, slightly up on the day but down over the week. Robinhood’s crypto head says users are buying dips and diversifying beyond BTC and ETH. Staking demand for ETH and SOL on Robinhood remains strong, indicating active on-chain use. Investors are taking advantage of the market downturn to purchase digital assets…

Bitcoin is currently trading near the 200-week EMA at around $68.4k, with the potential for a 30-60% price drop if it loses this key support level. Analysts warn that a breakdown from this level could trigger accelerated selloffs similar to those seen in previous market cycles in 2018 and 2022.

Bitcoin’s price dropped below $64.5k, causing widespread liquidations and sending the Crypto Fear & Greed Index into extreme fear. Around 140k traders were liquidated, with total wrecked positions nearing $500M. Machi Big Brother was partially liquidated on his ETH longs but still holds 1,700 ETH after losses topping $28.8M.

XRP fell about 3% in 24 hours, stuck in a descending channel after a failed breakout attempt. The price sits near $1.39, down 2.9% day-on-day and 46% year-on-year. If XRP remains below the channel’s mid-line and overhead supply, rallies may face selling pressure. Market participants are awaiting a decisive move to establish the next directional…

Cardano trades at around $0.28, up slightly, with a daily volume of $397m. LayerZero integration connects Cardano to over 80 chains like ETH, SOL, and BNB Chain, allowing dApps to send messages and assets across networks. Founder Hoskinson says this integration ends Cardano’s isolation, making it part of a larger ecosystem.

Arthur Hayes revealed his investment portfolio, which includes commodity equities, cryptocurrencies like BTC, ETH, ZEC, and HYPE, and physical gold. His equity holdings focus on gold, silver, copper, and uranium miners, oil producers, defense stocks, and Latin American energy companies. The portfolio aims to protect against inflation and geopolitical risk.

Oil prices for Brent and WTI fell sharply on Monday due to Trump’s increased tariffs and reduced Iran war risk. Trump raised tariffs from 10% to 15% on all U.S. imports, affecting trade and fuel consumption. Iran-U.S. nuclear talks lowered geopolitical risk in crude markets. Analysts predict continued volatility in oil prices.