Category: crypto

Citibank has lowered its 12-month price targets for Bitcoin and Ethereum due to stalled U.S. crypto legislation and waning ETF interest. The bank now predicts Bitcoin at $112,000 and Ethereum at $3,175 in the coming year, citing regulatory uncertainty and weak on-chain activity. A more optimistic scenario sees Bitcoin reaching $165,000 and Ethereum at $4,488…

Hyperliquid whale positioning on decentralized derivatives venue Hyperliquid has reached $3.64 billion, with leverage evenly split between longs and shorts. Long positions have $57.38 million in profits, while shorts are down $11.16 million. A standout wallet has a 20x ETH long with $15.14 million in gains. The market structure suggests a potential for a sharp…

DAO platform Tally is shutting down after six years due to decreased demand for DAOs as regulatory protection and heavy governance tools. The shift in the U.S. regulatory climate towards a more permissive framework has made complex governance structures less necessary, leading to the closure of platforms like Tally.

GSR is acquiring Autonomous and Architech for $57 million to become a full-service capital markets and treasury platform for crypto projects. The goal is to offer end-to-end support from token design to secondary-market trading. The focus is on treasury management, providing tools for liquidity planning, risk management, and diversified portfolios.

Robinhood Ventures Fund invested around 35 million dollars in Stripe and ElevenLabs, focusing on stablecoin payments and AI-powered media. The move extends Robinhood’s reach beyond equities into private markets. The investment in Stripe signals a future link between mainstream payments, tokenized settlement, and retail trading platforms, while ElevenLabs aligns with the convergence of AI, trading,…

Ripple plans to apply for a Virtual Asset Service Provider license in Brazil’s regulated crypto market, deepening its payment and tokenization services in the country. Brazilian banks and fintechs already use Ripple infrastructure for cross-border payments and stablecoins. If granted, the license would make Ripple a supervised participant in Brazil’s digital asset regime.

Former LA County deputy Michael Coberg was sentenced to 63 months in prison and ordered to pay $127,000 for assisting crypto founder Adam Iza in multiple extortion schemes. Coberg received money to help detain victims, force crypto transfers, and orchestrate a drug-related arrest setup. Another deputy, Christopher Cadman, was also involved.

South Korea’s National Police Agency has implemented new guidelines for handling seized cryptocurrencies following multiple security breaches. The guidelines include standardized storage and management procedures for seized assets, with specific provisions for privacy-focused assets. The move comes after incidents of lost Bitcoin due to custody failures and security lapses.

Crypto.com and KG Inicis have partnered to introduce crypto payment options for international tourists in South Korea. Travelers will be able to use digital assets to pay for goods and services, while merchants can choose to settle transactions in fiat or crypto instantly. This partnership aims to bridge digital assets with the real economy and…

Ping Fai Yuen accuses his estranged wife of stealing 2,323 Bitcoin from his hardware wallet using a security camera to obtain his seed phrase. Police arrested the wife and seized devices, with no transactions recorded since December 2023. The UK High Court judge believes Ping has a strong case and may freeze crypto assets.