Several New York district attorneys have reportedly warned about the US federal stablecoin law, the GENIUS Act, claiming it fails to adequately address fraud. According to a Monday CNN report, New York Attorney General Letitia James and four district attorneys signed onto a letter saying that the GENIUS Act will “provide legal cover” for stablecoin…
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Alongside many of the world’s rich and powerful, some prominent leaders in the crypto industry are explaining their connections, however tenuous, with the late sex trafficker Jeffrey Epstein. The US Department of Justice (DOJ) released millions of new files on Saturday, among which appeared the names of several prominent crypto figures. The connections vary from…
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Bitcoin (BTC) fought to avoid a fresh price dive at Monday’s Wall Street open as traders increasingly gave up on the bull market. Key points: Many Bitcoin market commentators no longer see the return of the bull market. BTC price action sees four consecutive red monthly candles for the third time in history. Gold cooling…
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US President Donald Trump has nominated former Federal Reserve governor Kevin Warsh to lead the US central bank, a move that has sent mixed signals for cryptocurrency markets and US dollar liquidity, according to market analysts. Trump nominated Bitcoin-friendly Warsh on Friday, and he is set to replace Jerome Powell when his term ends in…
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Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, disclosed fresh BTC purchases for the week as the prices briefly dropped below $75,000. Strategy acquired 855 Bitcoin (BTC) for $75.3 million last week, according to a US Securities and Exchange Commission filing on Monday. The acquisitions were made at an average price of $87,974 per…
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South Korea’s financial watchdog has expanded the use of artificial intelligence to monitor digital asset markets, signaling a shift toward automated, data-driven enforcement as trading activity grows more complex. On Monday, the country’s Financial Supervisory Service (FSS) said it has upgraded its Virtual Assets Intelligence System for Trading Analysis (VISTA), a model used to investigate…
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Opinion by: Daniel Taylor, head of policy at Zumo We’re approaching five years since we first heard about the “global crypto hub UK,” and the United Kingdom has drawn its fair share of flak regarding its crypto strategy. Amid a perpetually delayed regulatory framework, vanishing company approval rates and increasingly loud public criticism of overzealous…
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Binance has kicked off its $1 billion SAFU conversion into Bitcoin with a $100 million purchase, shifting its user protection fund out of stablecoins and into BTC. Crypto exchange Binance has bought its first 1,315 Bitcoin as part of its conversion plan for the Secure Asset Fund for Users (SAFU). The Bitcoin (BTC), worth $101…
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Crypto investment products continued their sell-off last week as investor sentiment weakened, marking two consecutive weeks of outflows. Crypto exchange-traded products (ETPs) saw $1.7 billion in outflows during the week, the European crypto investment company CoinShares reported on Monday. The outflows were slightly below $1.73 billion in the week prior, totaling $3.43 billion in the…
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Bitcoin (BTC) started the first week of February near 16-month lows as traders see further downside next. BTC price weakness compounds after a grim weekend, with BTC/USD reaching levels not seen since November 2024. RSI values form the main basis for expecting a market rebound. Macro shifts begin to materialize as analysis warns that Bitcoin…
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