The number of crypto millionaires has risen by 40% year-on-year to 241,700, fueled by Bitcoin’s price rally and the broader crypto market valuation pushing past $3.3 trillion by mid-2025, according to a new report. The number of crypto centimillionaires — people with crypto holdings above $100 million — rose 38% to 450, while the crypto…
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The passing of two key crypto bills in the US will usher in a new wave of crypto participation that could upend the traditional four-year market cycle, says Galaxy Digital CEO Mike Novogratz. Novogratz told Bloomberg on Tuesday that the stablecoin-regulating GENIUS Act, signed into law in July, and the CLARITY Act, which outlines regulatory…
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The US Commodity Futures Trading Commission is looking to allow tokenized assets, including stablecoins, to be used in derivatives markets as collateral in a move supported by crypto executives. CFTC acting chair Caroline Pham said on Tuesday that her agency will “work closely with stakeholders” on the scheme and is encouraging feedback on using tokenized…
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Former California Assemblymember and Bitcoin advocate Ian Calderon has kicked off his campaign for California governor in 2026, entering a crowded and competitive race to replace Gavin Newsom. Calderon confirmed his bid for governor in a post to X on Tuesday, centering most of his promises around affordable homes, groceries and gas while positioning himself…
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The entity responsible for handling cryptocurrency exchange FTX’s bankruptcy filed a lawsuit seeking to recover more than $1 billion in funds sent by its former CEO, Sam “SBF” Bankman-Fried. In a Monday filing in the US Bankruptcy Court for the District of Delaware, the FTX Recovery Trust filed a complaint against crypto mining company Genesis…
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With members of the US Senate Banking Committee expected to vote on legislation to address digital asset market structure by the end of the month, one of the bill’s proponents has suggested that the chamber’s version could address fraud through cryptocurrency ATMs. In a Monday X post, Wyoming Senator Cynthia Lummis said one of the…
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Key takeaways: Buying among retail and whale-sized traders helped slow down the BTC price sell-off, but bears still have a good chance of exploiting long liquidations to $106,000. Spot and perpetual futures volumes lack aggression, preventing a lasting trend reversal, and sellers continue to sell into price rebounds. Bitcoin (BTC) bulls are fighting to hold…
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A US judge has set Tron founder and CEO Justin Sun’s lawsuit against Bloomberg back a peg after denying a temporary restraining order and injunction over publishing information about his cryptocurrency holdings. In a Monday filing in the US District Court for the District of Delaware, Judge Colm Connolly sided with Bloomberg in Sun’s lawsuit…
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How high can Bitcoin really go? For Matt Hougan, chief investment officer at Bitwise, the answer might surprise even the most optimistic crypto bulls. In an in-depth conversation with Cointelegraph, Hougan laid out his long-term forecast for Bitcoin: $1.3 million per coin by 2035. Far from a wild guess, this projection is based on a…
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The US Securities and Exchange Commission is working to create an “innovation exemption” that would ease approval of digital-asset products by the end of the year, SEC Chair Paul Atkins said on Tuesday. During an interview on Fox Business, Atkins told anchor Maria Bartiromo that the SEC is working on “rulemaking in the coming months.”…
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