Category: crypto

Bhutan has sold over $110 million in Bitcoin in 2026, reducing its holdings by 65% from their peak. The country’s methodical selling approach through Druk Holding & Investments has raised questions about the future of its Bitcoin strategy, shifting from mining-led accumulation to steady liquidation, impacting the crypto market.

About $13 billion quietly flowed into the crypto market this week through institutional channels like prime brokers, OTC desks, and private funds, not captured by ETF data. This hidden institutional demand, exemplified by BlackRock’s $140 million deposit into Coinbase Prime, indicates a strong interest in crypto beyond what ETF outflows suggest.

Kentucky House Bill 380 would require hardware wallet manufacturers to include backdoor access for seed phrase recovery, potentially compromising self-custody of private keys. The Bitcoin Policy Institute argues that this requirement is unworkable for non-custodial wallets and could push users towards centralized custody options. They urge the Senate to remove this provision before voting on…

Gemini is facing a class action lawsuit in New York, with shareholders alleging that the company misled investors during and after its IPO. The lawsuit claims that Gemini shifted its business strategy shortly after going public, resulting in losses for investors who bought shares at inflated prices.

Nevada regulators can issue a temporary restraining order against prediction market platform Kalshi after a federal appeals court denied the platform’s request to halt proceedings. If the order is issued, Kalshi may have to leave Nevada for at least 14 days. Similar actions have been taken in other U.S. states against sports event contracts offered…

Decentralized social platform Bluesky raised $100 million in a Series B round in April 2025. Led by Bain Capital Crypto, the funding will be used to grow the user base, expand the AT Protocol ecosystem, and enhance infrastructure. Bluesky aims to build an open social web without compromising its mission and values.

Britain’s Companies House dissolved Zedxion, a cryptocurrency exchange accused of processing funds for Iran’s Islamic Revolutionary Guard Corps. TRM Labs estimated that Zedxion and Zedcex processed around $1 billion in IRGC-related funds. The exchange used misleading incorporation details, including a fictitious director and stock images. US regulators are also investigating Binance for potential sanctions violations.

The World Gold Council is proposing a “Gold as a Service” platform to standardize and scale tokenized gold products in digital financial systems. This platform aims to link physical gold custody with digital issuance frameworks, streamline processes like compliance and redemption, and improve accessibility and liquidity in digital gold markets.

South Korea’s National Tax Service is looking to appoint a private custodian for seized crypto assets following a security breach that led to $4.8 million in unauthorized transfers. The agency will evaluate providers based on security standards, company size, and insurance coverage under the Virtual Asset User Protection Act.

Iran’s IRGC launched retaliatory strikes on energy facilities across the Persian Gulf, causing major output shutdowns and supply fears. This led to a surge in global energy prices, affecting markets and pushing the region towards a recession. Trump called for de-escalation as the conflict escalated, impacting the global economy and crypto markets.