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Authorities have seized the domain of BG Wealth Sharing, a suspected $150 million cryptocurrency Ponzi scheme, after the investment group allegedly conducted a rug pull that left thousands of retail investors devastated. In a coordinated effort, law enforcement agencies working alongside major crypto exchanges successfully froze more than $41 million in illicit funds that fraudsters…
America’s largest banking groups have expressed continued dissatisfaction with the CLARITY Act’s proposed stablecoin yield provisions, arguing the legislation fails to adequately protect traditional bank deposits from crypto competition. In a joint statement released Monday, the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum and Independent Community Bankers of America acknowledged…
Bitmine, the largest Ethereum treasury firm, purchased 101,745 ether last week, bringing its total holdings to over 5.18 million ETH, roughly 4.29% of the token’s outstanding supply. The $238 million acquisition comes as Chairman Thomas Lee declared that a new “crypto spring” is underway, even as broader market sentiment remains cautious and subdued. The purchase…
Bitcoin surged past $80,000 on Monday morning, marking its highest price level since Jan. 31 as Asian equity markets climbed to new records, signaling renewed investor confidence in risk assets. The leading cryptocurrency breached the $80,000 threshold at around 2:40 am UTC, rising 2.7% over a three-hour span as Asian trading sessions opened. Bitcoin’s rally…
Cryptocurrencies have fallen to the bottom of American voters’ concerns heading into the 2026 midterm election, according to a new CoinDesk survey. Just 1% of 1,000 randomly selected registered voters ranked crypto as their top priority, revealing a significant disconnect between the industry’s political ambitions and voter sentiment on the ground. The survey, conducted by…
Bitcoin may not require a new catalyst or narrative to push back above the psychological $100,000 level, according to MN Trading Capital founder Michael van de Poppe, who argues that price action itself creates its own story rather than the other way around. Van de Poppe challenged the conventional wisdom that Bitcoin needs a compelling…
MegaETH launched its native MEGA token on Thursday morning, marking what appears to be the largest token debut of 2026. The Ethereum Layer-2 network hit a $1.5 billion fully diluted valuation at launch, with total value locked on the platform reaching $490 million—enough to surpass competitor Monad in DeFi rankings. For context, MegaETH is a…
Bitcoin could be facing a multimonth price decline following an April rally driven primarily by futures traders while spot demand contracted, according to crypto analytics firm CryptoQuant. The firm warned that this pattern has historically preceded sustained price drops. Bitcoin gained approximately 20% in April, climbing from $66,000 to peak at $79,000 in a rally…
Coinbase Asset Management has introduced a new credit fund tied to stablecoin markets, offering institutional investors onchain access through tokenized shares. The fund, called the Coinbase Stablecoin Credit Strategy, or CUSHY, targets yield from lending activity and private credit in digital asset markets. The move represents a significant expansion of blockchain-based financial products, as traditional…
A proposed Bitcoin fork called eCash, scheduled for August at block height 964,000, has ignited controversy over whether reallocating Satoshi Nakamoto’s dormant coins on a forked chain violates Bitcoin’s core principle of inviolable property rights. The plan would copy Bitcoin’s ledger and give existing BTC holders equivalent balances on the new network, but would redirect…
Large Bitcoin traders on Hyperliquid have shifted to their most aggressively long positioning since early March, coinciding with BTC’s climb toward $80,000 despite 47 consecutive days of negative funding rates that leave short sellers paying long holders to maintain their positions. Glassnode data shows that whale traders—those typically running positions above $10 million—flipped from net…
European Banks Embrace Crypto Trading Major European Banks are integrating Bitcoin and Ethereum trading directly into their existing brokerage platforms, signaling a fundamental shift in how traditional banks approach digital assets. KBC, Belgium’s largest bank-insurance group, became the latest institution to enable regulated cryptocurrency trading for retail investors through its Bolero self-directed brokerage platform earlier…
Hyperliquid Whale Holds $38M Bitcoin Short Position A prominent cryptocurrency whale on Hyperliquid exchange is maintaining a $38 million short position against Bitcoin and several altcoins, signaling potential bearish sentiment as BTC struggles to break above $78,000. The whale, operating under the address 0x7fda…c517d1 and known as BobbyBigSize, has generated $159 million in profits over…
The CoinDesk 20 Index climbed to 2130.2 on Thursday, gaining 0.7% or 14.28 points since the previous day’s close at 4 p.m. ET. The broad-based cryptocurrency index, which tracks 20 major digital assets traded across multiple platforms globally, continues to demonstrate resilience in the digital asset market. Aptos (APT) emerged as the top performer in…
