crypto

Bitcoin’s surge to 4K liquidates nearly 0M in short bets

Bitcoin’s surge to $104K liquidates nearly $400M in short bets

Bitcoin surged over 3% in 24 hours, topping $104,000 (highest since Jan 31). Nearly $400 million in bearish BTC short positions were liquidated in 24 hours (highest since Nov). The significant short squeeze suggests potential for further upside as bearish pressure eases. Bitcoin experienced a powerful upward surge in the last 24 hours, decisively breaking […]

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SEC files to settle lawsuit with Ripple, execs over civil penalty dispute

SEC files to settle lawsuit with Ripple, execs over civil penalty dispute

The US Securities and Exchange Commission (SEC) filed a proposed settlement agreement with Ripple, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen to resolve the Commission’s longstanding civil enforcement action against the company and its executives. In a filing submitted on May 8, the SEC and the defendants jointly requested that the US District Court

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SEC’s crypto task force lead criticizes ETF approval process, highlights need for patience

SEC’s crypto task force lead criticizes ETF approval process, highlights need for patience

The head of the US Securities and Exchange Commission (SEC) Crypto Task Force, Hester Peirce, said the decade-long process that led to the approval of spot Bitcoin exchange-traded funds (ETFs) was mishandled, and urged crypto market participants to be patient with ongoing regulatory delays. In an interview on Bloomberg’s Trillions podcast, Peirce addressed the slow

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Former Celsius CEO Alex Mashinsky receives 12 years in prison over fraud scheme

Former Celsius CEO Alex Mashinsky receives 12 years in prison over fraud scheme

Ex-Celsius CEO Alex Mashinsky was sentenced to 12 years in prison on May 8 for orchestrating a scheme that defrauded customers of the crypto lending platform by misrepresenting investment risks and manipulating the price of the company’s token, CEL. As Bloomberg News reported, the sentence was handed down by US District Judge John Koeltl in

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GENIUS Act stalls in Senate, lawmakers eye new proposal next week

GENIUS Act stalls in Senate, lawmakers eye new proposal next week

The Senate denied the motion to invoke cloture on the motion to consider the GENIUS Act bill, which aims to regulate stablecoins in the US. The decision came with a one-vote difference, as 49 Democrat senators denied the motion against 48 favorable votes.  Senate Majority Leader John Thune accused Democrats of using the filibuster for

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OCC Gives Banks the Green Light to Offer Bitcoin and Crypto Custody and Trading Services

OCC Gives Banks the Green Light to Offer Bitcoin and Crypto Custody and Trading Services

Bitcoin Magazine OCC Gives Banks the Green Light to Offer Bitcoin and Crypto Custody and Trading Services The Office of the Comptroller of the Currency (OCC) has issued new guidance confirming that national banks and federal savings associations can engage in crypto-asset custody and trading services. This clarification comes in Interpretive Letter 1184, which outlines

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Is Trump A Bitcoin Whale? Eric Trump Says ‘Yes’

Is Trump A Bitcoin Whale? Eric Trump Says ‘Yes’

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Eric Trump said his father, US President Donald Trump, owns a significant amount of Bitcoin and very much believes in its future. He made this statement while speaking in an interview with Bloomberg during the TOKEN2049 crypto conference in Dubai. Eric called

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SEC considers crypto exemption to streamline tokenized securities trading

SEC considers crypto exemption to streamline tokenized securities trading

The US Securities and Exchange Commission (SEC) is reviewing a potential exemption order allowing firms to issue and trade securities using distributed ledger technology (DLT). SEC Commissioner Hester Peirce revealed this plan during a May 8 address at the agency’s International Institute for Securities Market Growth and Development. SEC’s proposed crypto framework According to Peirce,

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Bitcoin hits 1k to reclaim six-figures as Trump confirms US, UK trade deal

Bitcoin hits $101k to reclaim six-figures as Trump confirms US, UK trade deal

Bitcoin (BTC) reclaimed the $100,000 mark for the first time in over two months, driven by bullish market sentiment, rising institutional adoption, and renewed macroeconomic confidence after President Donald Trump announced a major trade deal with the UK on May 8. Bitcoin hit an intraday high of $101,493, extending a broader rally that has gained

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Bitcoin’s Realized Cap Hits Record High as Accumulation Continues

Bitcoin’s Realized Cap Hits Record High as Accumulation Continues

Bitcoin is currently trading just under the $100,000 psychological threshold, maintaining a sideways trajectory in recent weeks. At the time of writing, the asset trades at $97,005, reflecting a modest 2.6% gain over the past seven days and a 3.3% increase in the last 24 hours. While volatility remains subdued, recent on-chain data highlights a

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