Category: crypto

Bitcoin and Ethereum are facing a fourth quarter influenced by Federal Reserve cuts and ETF demand. Markets are expecting a September policy move after weak jobs data. The dollar is trading low, gold is high, and futures markets predict a September cut. History shows that ETF flows can impact prices, with potential for significant flows…

Lawmakers in Washington are considering creating a Strategic Bitcoin Reserve and Digital Asset Stockpile through a new bill, HR 1566. The bill requires the Treasury Department to assess the feasibility of these reserves and their impact on the Forfeiture Fund. It also seeks clarity on how digital assets would be represented on the federal balance…

The United States sanctioned 19 entities in Myanmar and Cambodia tied to cyber-fraud compounds, adding new names to the OFAC sanctions list. Compliance requirements for financial institutions are raised, with sanctions blocking property and transactions with designated entities. Stablecoins are central to scam cash-outs and laundering, with industry collaboration accelerating. Enforcement actions and regional utility…

Tether, a stablecoin issuer, has become one of the largest accumulators of Bitcoin in the past year, acquiring over 27,700 BTC. They have divided their Bitcoin strategy between backing their stablecoin and building longer-term investment positions. Despite scrutiny, Tether’s holdings now total 100,521 BTC, making them the third-largest corporate holder of Bitcoin globally.

SwissBorg, a Swiss crypto platform, was subject to a $41 million theft when attackers compromised a partner API. CEO Cyrus Fazel confirmed the breach and assured users of full compensation. The incident only affected users in the SOL Earn program, with the company working to recover stolen funds and enhance security measures.

Julien Bittel from Global Macro Investor argues that the bull run in the economy is in its early stages, contrary to the popular belief of a peak cycle. Economic indicators show subdued sentiment, with central bank policies and oil prices supporting an early-cycle economy with potential for continued expansion.

SEC Commissioner Hester Peirce warns that layer-2 blockchains with centralized matching engines may face exchange registration requirements. She advocates for regulatory protection of truly decentralized protocols that cannot be owned. Peirce emphasizes the importance of distinguishing between immutable code on decentralized networks and centralized entities using blockchain technology. Regulatory complexity arises from centralized transaction ordering…

Investment activity in crypto funds slowed significantly, with $352 million in outflows despite positive economic indicators. Bitcoin products saw $524 million in inflows, while Ethereum faced $912 million in outflows. Other altcoins like XRP and Solana continued to attract interest. US investors led in market redemptions, with Germany leading in inflows.

Russian President Putin’s adviser accuses the US of planning to eliminate its $35 trillion national debt using stablecoins, claiming they seek to rewrite gold and crypto market rules. He warns that the US aims to devalue debt by moving it into stablecoins and starting over. This comes amid global interest in stablecoins and increased regulation…

BitMine has become the largest corporate holder of Ethereum, with over 2 million ETH in reserves valued at $9.21 billion. They aim to own 5% of total ETH supply and have already covered 40% of that goal. BitMine’s stock trades a daily volume of $1.7 billion, competing with traditional blue-chip stocks. They plan to invest…