Two men accused of kidnapping and torturing an Italian man in a Manhattan townhouse as part of a cryptocurrency extortion plot have been granted bail. John Woeltz, 37, and William Duplessie, 33, were each issued a $1 million bail on Wednesday by New York Supreme Criminal Court Judge Gregory Carro, according to a report from…
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An amended class-action complaint filed in the Southern District of New York alleged that memecoin platform Pump.fun operated as a “front-facing slot machine cabinet” in extracting more than $5.5 billion from users through deceptive digital asset schemes. The lawsuit, filed on Wednesday, named Pump.fun’s operators, including pseudonymous developer Bernie, parent company Baton Corp., and infrastructure…
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Spot Ether exchange-traded funds (ETFs) continued their bullish momentum on Tuesday, recording a net inflow of $533.87 million and extending their streak to 13 consecutive trading days of inflows, according to data from SoSoValue. BlackRock’s iShares Ethereum Trust (ETHA) led the surge with $426.22 million in daily net inflow. The fund now holds over $10…
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Spot Bitcoin exchange-traded funds (ETFs) registered a net outflow of $131.35 million on Monday, marking the end of a 12-day streak that attracted $6.6 billion of inflows. The largest outflow was from ARK Invest’s ARKB, which shed $77.46 million in a single day. Grayscale’s GBTC followed with $36.75 million in outflows, while Fidelity’s FBTC lost…
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The proclaimed Crypto Week has concluded with significant regulatory progress, including the passage of the much-anticipated GENIUS Act. However, industry experts claim the regulatory clarity is just the foundation for what lies ahead. “Clarity is just a starting point, not an endpoint,” Leo Fan, co-founder of Cysic, told Cointelegraph. He pointed to the need for…
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The GENIUS Act contains a little-noticed clause that prevents technology giants and Wall Street behemoths from dominating the stablecoin market, according to Circle Chief Strategy Officer Dante Disparte. “The GENIUS Act has what I’d like to call — just for my own legacy sake — a Libra clause,” Disparte told the Unchained podcast on Saturday.…
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Spot Bitcoin ETFs recorded a net inflow of $363 million on Friday, marking the twelfth consecutive day of net inflows amid strong investor interest. BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with a net addition of $496.75 million, strengthening its position as the largest spot Bitcoin (BTC) ETF with $86.50 billion in assets, according…
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Charles Schwab is preparing to expand its crypto offerings by launching spot trading for Bitcoin and Ethereum, according to CEO Rick Wurster. In an interview with CNBC on Friday, Wurster said Schwab clients already hold significant exposure to crypto via exchange-traded products (ETPs), owning more than 20% of the industry’s crypto ETP market. However, he noted that crypto…
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Bullish, a cryptocurrency exchange owned by Bullish Global, has filed for an initial public offering (IPO) in the United States. The Cayman Islands-based firm plans to list its ordinary shares on the New York Stock Exchange (NYSE) under the ticker symbol “BLSH.” The exact number of shares to be offered and the price range remain…
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Bilal Bin Saqib, Pakistan Crypto Council CEO and special assistant to Pakistan’s prime minister on crypto and blockchain, met with El Salvador’s President Nayib Bukele in San Salvador to explore knowledge-sharing opportunities. In a Thursday post on X, Saqib described Bukele as “one of the most extraordinary visionary leaders of our time.” He touted Bukele’s…
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