Category: crypto

NFT sales volume dropped by 4.97% to $72.53 million, with a surge in buyers and sellers. The market performance decrease coincided with lower cryptocurrency prices. Top NFT collections by sales volume included Algebra, DMarket, and Courtyard. Ethereum led in blockchain sales, followed by BNB Chain and Bitcoin. CryptoPunks dominated top individual sales positions.

The UK government has introduced the Cyber Security and Resilience Bill to tighten regulations on tech and service providers in response to cyber threats. The bill expands regulations to include IT management and cybersecurity providers, targets AI misuse, and investigates Basis Markets for defrauding investors. This aims to bolster network security and combat cyber threats.

Citron Research recommended shorting MicroStrategy and going long on Bitcoin a year ago. MicroStrategy’s stock fell 68% while Bitcoin declined 15%. Citron’s founder, Andrew Left, highlighted the successful trade on social media, expressing confusion over MicroStrategy CEO Michael Saylor’s reaction. The trade was based on MicroStrategy’s heavy Bitcoin investments.

Bitcoin is facing losses as it hovers above $83,000, with $2 billion in liquidations and outflows from spot ETFs. Ethereum, Solana, and XRP are experiencing high selling volume. Despite this, institutional interest remains strong, as seen with the launch of an XRP-focused ETF on the NYSE.

Bitmain Technologies, a Chinese crypto mining rig firm, is being investigated by U.S. Federal agencies for potential surveillance capabilities. Concerns are raised about its mining rigs being used for espionage near critical U.S. infrastructure. Despite a pro-crypto regulatory shift, Bitmain faces scrutiny over national security risks.

Cryptocurrency exchange Bybit participated in Regulation Day 2025 at Devconnect ARG in Argentina. Over 1,500 attendees, including regulators and industry leaders, discussed digital asset regulation. Bybit highlighted the importance of user-protective regulation. Argentina processed $93.9 billion in crypto transactions in the first half of 2025. The event focused on regulatory approaches to emerging technologies.

Binance CEO Richard Teng says recent crypto market volatility reflects broader global market conditions due to deleveraging. The decline is not unique to crypto, with all markets facing risk assessments over macro uncertainty. Bitcoin’s 21% drop in the past month is attributed to macro conditions, but it remains up 100% from 2024.

Kalshi, a U.S.-based prediction market platform regulated by the Commodities Futures Trading Commission, has raised $1 billion at an $11 billion valuation led by Sequoia and CapitalG. The platform has seen rapid growth, with annual transaction volume reaching $50 billion, competing against Polymarket in the sector.

Trading firms faced losses and reduced activity, contributing to the crypto market’s decline after Oct. 10. A technical flaw on Binance caused mass liquidations, leading to a user refund and discussions on market manipulation. Analysts predict more stress before stabilization, with reasons ranging from natural unwinding to price manipulation.

Coinbase Global Inc. has acquired Vector, a decentralized trading platform on Solana, to enhance their decentralized exchange and speed up token listings. The acquisition will integrate Vector’s technology and team into Coinbase’s system, expanding digital asset options for users. However, Vector’s mobile and desktop apps will be discontinued. Coinbase also recently launched Ethereum-backed loans and…