Category: crypto

Bitcoin dropped below $92,000 as President Trump confirmed tariffs on Canada and Mexico, causing a 5% drop in the past 24 hours. The wider crypto market fell over 10%, with Ethereum, XRP, Solana, Cardano, and BNB all experiencing significant declines. Nearly $800 million in leveraged positions were liquidated, signaling increased uncertainty and potential market fluctuations…

The European Union has sanctioned Russian crypto exchange Garantex as part of efforts to disrupt Russia’s ability to fund military operations in Ukraine. This is the first time the EU has directly targeted a Russian crypto exchange. The sanctions also target individuals and entities supporting Russia’s war efforts, with assets frozen and travel bans imposed.…

Short-term holders of AlphaBitcoin have set a critical support price amid market volatility. Historically, their cost basis has been a strong support for Bitcoin’s price.

CryptoQuant CEO Ki Young Ju believes that memecoins are not just speculative assets but are rooted in deep human psychology and cultural history. He sees them as modern digital archetypes that influence financial markets, similar to myths and religious symbols. Ju classifies memecoins into animal-themed and celebrity-based categories, comparing them to ancient shamanistic traditions and…

Citadel Securities is planning to expand into crypto market making, focusing on major exchanges like Coinbase, Binance, and Crypto.com. Regulatory challenges have prompted other firms like Jane Street Group and Jump Trading to scale back US-based operations. Citadel’s move signals confidence in the maturation of crypto markets, supported by a regulatory framework under President Donald…

The SEC Crypto Task Force met with industry leaders to discuss regulating crypto assets in the US. They reviewed a framework document defining a crypto taxonomy and proposed standardized disclosures, fair custody practices, and asset issuance limits. Recommendations included clarifying the regulatory treatment of staking services and non-fungible tokens. MITRE Corporation presented research on stablecoin…

Leading financial industry groups are urging the Trump administration to roll back federal policies that restrict US banks from participating in digital asset markets, claiming it hampers American financial innovation. They are calling for the rescission or revision of policies imposed by federal banking agencies under the previous administration and seeking to include key regulators…

HK Asia Holdings announced the purchase of approximately 7.88 BTC for HK$5,936,906.26 through open market transactions. This acquisition, along with an earlier purchase, brings their total holding to about 8.88 BTC. The company’s strategic focus has shifted towards digital assets and blockchain technology, with new leadership and a rebranding initiative underway.

Infini, a stablecoin-focused neo-bank, was exploited resulting in a $49.5 million loss in USDC. The attacker converted the stolen USDC into DAI and then purchased 17,696 ETH. Cyvers detected the breach and criticized Circle’s slow response. The attacker had administrative privileges and used Tornado Cash to cover gas fees. Founder Christian admitted negligence but assured…

Digital privacy is a growing concern due to government surveillance, data collection, and the threat of quantum computing. The xx Network, led by David Chaum, offers innovative solutions like cMixx protocol for metadata shredding and quantum-proof encryption to ensure secure online communications. Protecting personal information is crucial in a world where privacy is increasingly rare.