DOWNLOAD IPFS Coinbase Global Inc., one of the largest cryptocurrency exchanges and a member of the S&P 500, has been downgraded by Compass Point from “Neutral” to “Sell.” The firm also reduced its price target from $330 to $248, citing slowing trading activity and concerns over the company’s valuation. The[Read More…]

DOWNLOAD IPFS The U.S. Commodity Futures Trading Commission (CFTC) has announced a new initiative called “Crypto Sprint” aimed at accelerating digital asset regulatory reforms and boosting innovation in the sector. The program will be carried out in collaboration with the Securities and Exchange Commission (SEC). Acting CFTC Chair Caroline Pham[Read More…]

Download IPFS A Canadian teenager has been sentenced for orchestrating a $37 million Bitcoin theft and participating in a 2020 hacking spree that compromised several high-profile X (formerly Twitter) accounts. The conviction marks one of the largest cryptocurrency-related fraud cases in Canadian history. Authorities revealed that the crimes were carried[Read More…]

Download IPFS A rouble-backed cryptocurrency stablecoin has seen transaction volumes surge past $40 billion in total value, according to blockchain research firm Elliptic. The coin, known as A7A5, experienced a sharp rise in daily transfers during July, with over $1 billion reportedly moved through the network each day. Launched in[Read More…]

Download IPFS Global cryptocurrency exchange-traded funds (ETFs) recorded an unprecedented $12.8 billion in inflows over the past 30 days, setting a new record, according to market data. Bitcoin-focused products led with $6.02 billion, marking their third-largest monthly haul and representing a 30% increase compared to June. Ethereum ETFs attracted $5.43[Read More…]

Download IPFS A large leveraged Bitcoin position could trigger a wave of short liquidations worth an estimated $5.6 billion if the cryptocurrency’s price reaches $125,000, according to Coinglass derivatives data. The position, valued at $45 million with 40x leverage, has a liquidation point at $105,000. As of now, Bitcoin is trading slightly[Read More…]

Download IPFS Japanese investment firm Metaplanet, the world’s seventh-largest Bitcoin holder, has raised $3.7 billion to significantly expand its cryptocurrency reserves. The Tokyo-listed company currently holds 17,132 BTC and has set an ambitious goal of increasing its holdings to 210,000 BTC by 2027, reflecting an over 1,135% jump in less than two years.[Read More…]

Download IPFS Major U.S. banks are facing allegations of using a covert strategy, referred to as “Chokepoint 3.0,” to limit competition from cryptocurrency and fintech companies. The term, coined by Alex Rampell, general partner at Andreessen Horowitz (a16z), describes how financial institutions allegedly impose high fees and restrict access to[Read More…]

Download IPFS A blockchain investigation has revealed that the Chinese Bitcoin mining pool LuBian lost approximately $3.5 billion in an undetected theft nearly five years ago. Blockchain analytics firm Arkham uncovered the breach through on-chain forensic analysis, identifying compromised wallets tied to the missing funds. Despite the scale of the[Read More…]

Download IPFS The U.S. Securities and Exchange Commission (SEC) has launched “Project Crypto,” a new policy initiative designed to update outdated financial regulations and integrate blockchain-based systems into American markets. The announcement was made by SEC Chairman Paul Atkins during a speech at the America First Policy Institute, aligning the[Read More…]