Category: crypto

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.

Tron founder Justin Sun confirmed his attendance at a gala dinner for top TRUMP memecoin holders hosted by US President Donald Trump. Sun expressed gratitude for the invitation and revealed he was the top holder of TRUMP tokens. His presence in the US has raised speculation about his alignment with Trump-affiliated crypto initiatives.

Bitcoin briefly rose to $106,300 before being pushed back under $106,000, a level that has capped every advance in 2025. The latest test came after Moody’s cut the US sovereign rating to Aa1, sparking a brief bid for Bitcoin. Market sentiment remains mixed, with analysts cautioning about correlation with the Nasdaq. JPMorgan’s decision to allow…

The US Senate has moved the GENIUS Act closer to becoming law with bipartisan support. The bill faced initial opposition but was revised to address consumer rights and transparency concerns. Some lawmakers, like Senator Elizabeth Warren, remain skeptical. Proponents believe the bill will strengthen the US dollar and boost innovation in the digital asset sector.

The US Senate is set to vote on the GENIUS Act, which aims to regulate stablecoins. The bill has faced delays and opposition due to concerns about loopholes for political figures and tech companies. Supporters argue it would strengthen the US dollar, while opponents raise concerns about security risks and insufficient consumer protections.

The US Department of Justice is investigating the recent data breach at Coinbase. Attackers infiltrated the exchange by bribing employees in India, compromising customer data. Coinbase refused to pay a $20 million ransom, instead offering a reward for information on the perpetrators. Remediation costs could range from $180 million to $400 million.