The US state of Connecticut has hit Robinhood, Kalshi and Crypto.com with cease and desist orders, accusing the platforms of offering unlicensed sports betting through event contracts. The Connecticut Department of Consumer Protection (DCP) sent letters to the three platforms on Wednesday, claiming they were “conducting unlicensed online gambling, more specifically sports wagering,” with event…
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Shares in IREN recovered on Wednesday after the Bitcoin miner said it would raise $3.6 billion through a combination of share sales and a convertible debt offering as it races to deploy computers to meet artificial intelligence demand. IREN (IREN) jumped 7.6% to a peak of $44.25 during trading on Wednesday, and settled to $43.96…
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Larry Fink, chair and CEO of asset management company BlackRock, explained his “big shift” from associating cryptocurrencies with illicit activities to having the largest spot Bitcoin exchange-traded fund. Speaking at The New York Times’ DealBook Summit on Wednesday, Fink addressed questions related to his views on crypto and Bitcoin (BTC) from journalist Andrew Ross Sorkin.…
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Strategy, the largest corporate holder of Bitcoin, has slowed its rate of cryptocurrency accumulation in 2025, a move analysts at CryptoQuant interpret as preparation for a drawn-out bear market. “Strategy’s Bitcoin buying has collapsed through 2025,” CryptoQuant said in a Wednesday report, noting a dramatic monthly reduction in Bitcoin (BTC) purchases by Strategy since late…
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Key takeaways: Low BTC and ETH leverage appetite contrasts with strong stock markets, highlighting fragile sentiment despite improving liquidity expectations. While economic uncertainty persists, anticipated monetary easing reduces downside risk for cryptocurrencies, favoring a potential bullish momentum. Bitcoin (BTC) and Ether (ETH) gained momentum on Wednesday, rising to their highest levels in two weeks as…
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Crypto merger and acquisition (M&A) activity in 2025 reached $8.6 billion as of November, with companies closing a record 133 deals, marking an all-time high in both deal count and total value. The total dollar amount of business deals exceeded the combined total of the previous four years, according to Bloomberg, citing Pitchbook data. Coinbase…
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Major US banks are running early pilots involving stablecoins, crypto custody and digital-asset trading in partnership with Coinbase, CEO Brian Armstrong said onstage at The New York Times DealBook Summit. According to Bloomberg, Armstrong didn’t name specific institutions but warned that banks slow to adopt crypto “are going to get left behind.” His remarks were…
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Bitcoin (BTC) gained 5.81% on Tuesday, its biggest daily return since May 8. As the rally unfolded, a bullish engulfing pattern formed, marking the first significant structural shift on the daily chart in the fourth quarter. Traders now wonder if there is an increased chance for a sustained recovery over the coming day. Bitcoin one-day…
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The US Securities and Exchange Commission (SEC) sent warning letters to several exchange-traded fund (ETF) providers, halting applications for leveraged ETFs that offer more than 200% exposure to the underlying asset. ETF issuers Direxion, ProShares, and Tidal received letters from the SEC citing legal provisions under the Investment Company Act of 1940. The law caps…
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Taiwan could see its first stablecoin launched as early as the second half of 2026 as lawmakers advance new rules for digital assets, according to one of the country’s financial regulators. According to a Focus Taiwan report on Wednesday, Financial Supervisory Commission (FSC) Chair Peng Jin-lon said that, based on the timeline for passing related…
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