The US Justice Department has dropped its criminal investigation into Kraken co-founder Jesse Powell. The investigation was launched in 2023 and did not focus on Powell’s crypto dealings. Instead, it centered on allegations from the Verge Center for the Arts – a nonprofit he founded – that he had hacked its accounts and blocked email […]
After trading steadily downward for the first four months of the year, Ethereum has rebounded strongly and is currently up more than 65% over the last 30 days. The reason for this rip is “overwhelming demand” from exchange-traded products and corporate treasuries, said Bitwise chief investment officer Matt Hougan on X on Wednesday. The executive […]
Since hitting its all-time high (ATH) over a week ago, bitcoin has been consolidating. Analysts at the crypto exchange Bitfinex say the asset’s structural strength remains intact; however, the bull market is entering a more delicate and reactive phase. According to the weekly Bitfinex Alpha report, the market is seeing a natural rotation between bitcoin […]
The pace of Ethereum inflows to spot exchange-traded funds is picking up momentum while new treasury companies stashing the asset are announced almost daily. This will put immense buying pressure on Ethereum over the next 12 to 18 months, said Framework Ventures co-founder Vance Spencer on Tuesday. “Mid-eleven figures have been added as buy pressure […]
Ethereum adoption has been booming, and the developers working behind the scenes on the network are brewing up another major upgrade. From scalability to censorship resistance to improving the overall experience, this will be the second in this year’s timeline for improvements to the decentralized blockchain. Another Milestone For The Network The core development team behind […]
Bitcoin hit record highs above $123,000 last week before pulling back. On Monday, it edged closer to $119,600. As prices consolidate below this level, whales are actively locking in profits. This behavior could affect the crypto asset’s near-term price movement if selling pressure increases. Whale Activity Spikes Upon focusing on monthly average BTC inflows to […]
According to Coinbase Product Director Conor Grogan, as of January 31, 2025, at least 913,111 ETH has been lost due to mistakes made by holders. The lost tokens are worth approximately $3.43 billion, representing 0.76% of the circulating supply. Actual Losses Likely Much Higher Grogan shared his analysis on July 21 via a post on X, […]
Abacus Market, once the largest Bitcoin-enabled Western DNM, has abruptly disappeared, leaving its vendors and buyers in limbo amid suspicions of a large-scale exit scam. According to blockchain intelligence firm TRM Labs, Abacus Market went offline in early July 2025, and took down its clearnet mirror and all related infrastructure without warning. Abacus Market’s Mysterious […]
Driven by roaring demand from Wall Street and retail Internet buyers, Bitcoin’s price continues to mark fresh milestone highs in July. On Monday its price soared to a record $123,000. Bitcoin’s Price Flies To New Highs Beyond reaching fresh all-time highs, Bitcoin daily trading volume drenched exchanges as the average trade price began to settle […]
According to a recent disclosure, the U.S. Marshals Service (USMS) has 28,988 BTC in its possession. This is a notable drop from previous estimates, which suggested that the country held nearly 200,000 BTC. Concerns Over Missing Government Reserves The declaration followed a Freedom of Information Act (FOIA) request submitted on March 24 by independent journalist […]