Singapore-based Bitcoin mining company Poolin on July 22 filed for Chapter 11 bankruptcy protection in New Jersey, alongside its US affiliates Lonestar Dream Inc. and Lonestar Taproot LLC. The firm is also looking for court approval for a $52 million sale of its Texas mining properties. The bankruptcy filing comes nearly four years after Poolin froze […]
Following a few weeks of escalations, new threats, and strikes, United States President Donald Trump has reportedly ordered its military to stand down instead of carrying out the planned attacks for tonight. The crypto focus is back on bitcoin, which has typically shown a positive reaction to similar developments. However, the actual impact might be […]
The firm tracked 113 coins since their token generation event (TGE) price, with only 8 of them now above that price, a median return of -95.7%. The sample is limited to projects with a market capitalization above $100 million as of July 21, CryptoRank told CryptoPotato. CryptoRank Study: Eight Exceptions to the Rule Eight coins […]
Jack Mallers says Bitcoin’s bear market has left him “getting my ass kicked,” but the Strike founder believes that is exactly what makes the asset different from traditional financial systems. In an essay published Friday, just days after stepping down as CEO of Twenty One Capital, Mallers argued that Bitcoin’s painful downturns expose reality instead […]
Pseudonymous crypto trader NoName says Ethereum has just crossed into the price zone where its bear market has historically bottomed, pointing to four straight lower highs as proof the downtrend has run its course. The trader, who is buying through the dip with a long-term target of $7,000, argues that the same crowd psychology that […]
Japan is moving closer to allowing Bitcoin exchange-traded funds (ETFs). The country’s first product could potentially arrive in 2028 if planned regulatory changes move forward, according to the latest Nikkei report. The development comes after amendments approved by lawmakers that bring crypto assets under the Financial Instruments and Exchange Act, prompting the Financial Services Agency […]
“Ethereum is cheap, but the data says the bottom isn’t in yet,” said onchain analytics platform CryptoQuant on Thursday. ETH is trading around 17% below its realized price, “but only two of five signals have reached historical bottoming levels,” they added. “Selling pressure is easing. Capitulation is still missing.” ETH realized price – which is a […]
The debate over when Bitcoin’s bear market will end is largely split between two views. One camp still holds on to the traditional four-year cycle, while the other believes that the bottom may already be in. Grayscale, for one, favors the latter. Macro Over Market Cycles The supporters of the four-year cycle theory see Bitcoin […]
The US Securities and Exchange Commission went on a blatant war against the cryptocurrency industry in the past couple of years of Gary Gensler’s tenure, especially following the loud collapse of FTX. However, the new administration settled most cases, and now it was time for one that was actually initiated by Coinbase. It came with […]
The Digital Chamber has filed a lawsuit to block Illinois’ upcoming crypto tax. The industry advocacy group argues that the tax unlawfully targets blockchain transactions for discriminatory reasons. Illinois Faces Legal Challenge Over Crypto Tax Law Illinois’ Digital Asset Tax Act (DATA), scheduled to take effect on January 1, 2027, imposes a 0.02% levy on […]