Category: crypto

Polymarket’s CEO Shayne Coplan believes the recent FBI raid on his devices may have political motives, as the administration targeted firms linked to political opposition. Despite accusations of data manipulation in favor of Trump, Polymarket operates as a non-partisan platform. Industry figures like Coinbase CEO Brian Armstrong and Kraken’s Jesse Powell criticize the raid, suggesting…

Delhi Police have arrested SK Masud Alam in connection with the $235 million breach of crypto exchange WazirX. Authorities have confiscated laptops and are investigating possible misuse of multisig wallets. WazirX has cooperated with providing data, while difficulties with Liminal, the asset custodian, hinder the investigation. WazirX has outlined fund recovery initiatives, including reopening the…

President Trump’s administration may eliminate capital gains taxes on cryptocurrencies issued by US companies, benefiting American investors holding digital assets. This move could boost capital inflows into US-based cryptocurrencies like Cardano, Algorand, Ripple, and Hedera Hashgraph. Speculation also suggests the potential for US states to establish Strategic Bitcoin Reserves.

Bitcoin perpetual contracts denominated in USDT are showing signs of overleveraging, with the open interest to USDT reserve ratio at an all-time high. Despite the risk of unwinding leverage, on-chain metrics remain healthy with strong retail investor demand. The recent Bitcoin price spikes are primarily driven by spot buyers on Coinbase’s market, indicating solid spot…

BlackRock’s Bitcoin ETF, IBIT, has reached the top 1% of all ETFs in just 211 days, with $40 billion in assets. This milestone sets a record surpassing all 2,800 ETFs launched in the past decade.

Bitwise Asset Management has acquired Attestant Limited, an Ethereum staking provider, increasing their AUM to over $10 billion. The acquisition allows Bitwise to offer Ethereum staking to clients, with plans to expand services for high-net-worth and institutional investors. Attestant’s team will join Bitwise to enhance their digital asset solutions.

Bitwise CIO Matthew Hougan believes investors are still early in Bitcoin until it reaches $500,000. He highlights the $100,000 mark as a potential milestone. Bitcoin’s recent all-time high of $93,523.65 and growing acceptance as a store of value compared to gold indicate its potential for institutional adoption and reaching $500,000.

BlackRock’s BUIDL fund has expanded to multiple blockchain networks, offering new features such as on-chain yield and real-time transfers. The fund, primarily investing in US Treasuries, aims to strengthen tokenization efforts. BNY Mellon supports this expansion. BUIDL became the largest tokenized fund in less than 40 days after launch on Ethereum.

The FBI seized Polymarket CEO Shayne Coplan’s phone and electronics, allegedly accusing the company of market manipulation and rigging polls in favor of Trump. The seizure was seen as politically motivated, possibly as retribution for accurately predicting the 2024 election outcome. Polymarket’s predictions were praised for their accuracy.

Robinhood has reintroduced support for SOL and ADA, along with XRP and PEPE, for US investors after being delisted due to regulatory concerns over a year ago. This move expands the platform’s offerings for users interested in investing in these cryptocurrencies.