The United States Treasury Department’s Office of Foreign Assets Control (OFAC) has enforced sanctions against individuals and entities linked to a Mexican cartel that is trafficking illicit drugs and laundering the proceeds through cryptocurrency networks. According to a press release from the Treasury, these individuals and entities lead networks that launder the proceeds of fentanyl […]
Bitcoin traded above $82,000 during the previous business week, but it was violently rejected and dropped by over seven grand in the following days to a monthly low of $75,000 marked during the night. Here are some of the possible reasons behind this correction. Trump Media, Cuban Sell Off CryptoPotato reported yesterday that one of […]
After operating for around 1.5 years, the Ethereum Layer 2 project Zero Network announced that it is shutting down its standalone chain and pivoting toward expanding the Zerion API and wallet products. The team said the network was originally launched with the belief that gas fees remained one of the biggest barriers to mainstream crypto […]
Around 20,500 Bitcoin options contracts will expire on Friday, May 22, with a notional value of roughly $1.5 billion. This event is smaller than usual, so it is unlikely to have any impact on spot markets. Crypto markets have been in decline all week, with around $50 billion leaving the space as Bitcoin continues to […]
Bitcoin has hit resistance at its 200-day moving average and is showing signs of a trend reversal, according to CryptoQuant on Wednesday. The move closely mirrors a March 2022 pattern where a 43% rally stalled at the same level before prices declined further. “Overall, Bitcoin demand has flipped into contraction,” the analyst wrote. The platform’s […]
ETH trader sentiment just reached its most bearish level since the 2023 bear market, reported CryptoQuant analyst ‘Darkfost’ on Tuesday. The metric has been measured using the Binance taker buy/sell ratio, which has fallen back to levels not seen since September 2023, when ETH had fallen to $1,600. “This highlights how much trader sentiment toward Ethereum […]
CNBC has published its updated list for the top 50 disruptor companies for 2026, and there’s only one blockchain- or crypto-related firm in it – Ripple. The entity behind XRP was described as ‘new money,’ and it’s positioned as the 16th most disruptive company. Ripple Makes the List It’s worth noting that this is far […]
The SEC is set to release a so-called “innovation exemption” for tokenized stocks, which will pave the way for trading digital versions of securities, reported Bloomberg on Tuesday. The agency’s framework for tokenized stock trading under the Trump administration’s direction is expected to be finalized this week, the anonymous sources told the outlet. These tokenized assets […]
According to Bitmine Chairman Tom Lee, rising oil prices are the biggest reason Ethereum (ETH) has been struggling, and he says the inverse correlation between the two assets has hit the highest level ever recorded. His observation has come at a time when ETH is trading near $2,100, down roughly 3% in 24 hours and […]
Goldman Sachs seems to have quietly unwound its entire XRP and Solana ETF positions in the first quarter of 2026. This is according to its latest 13F filing, with the move coming after the firm had built up roughly $154 million in XRP ETF exposure just months earlier. What the Filing Shows Per Goldman’s Q1 […]