Bitcoin is on “the edge of a breakdown,” reported onchain analytics firm Swissblock on Monday. The analysts noted that the loss of the “Cost Basis Zone” has already triggered a decisive drawdown. Consolidation inside this zone appeared constructive, but there was no confirmation, and BTC failed to hold it, showing little strength when trying to […]
Crypto markets remained flat over the weekend following heavy losses last week. Bitcoin and Ether remain weak, with no immediate catalysts to spur a recovery. Meanwhile, fresh labor market data and updated readings on manufacturing and services activity are on the table this week. “We also await further details about a potential US-Iran deal, which […]
Crypto markets traded lower over the past seven days, with Bitcoin leading the decline as investors shifted away from risk assets. BTC started the week near the $77,000-$78,000 range but steadily lost momentum, falling toward roughly $ 73,000 by Friday. This move undoubtedly reflected a combination of macro pressure, renewed ETF outflows, and weaker liquidity […]
US prosecutors have charged Google software engineer Michele Spagnuolo, also known online as ‘AlphaRaccoon,’ with allegedly using confidential internal Google search data to profit roughly $1.2 million through bets placed on prediction market platform Polymarket. According to a criminal complaint unsealed in the Southern District of New York, Spagnuolo allegedly accessed nonpublic ‘Year in Search […]
Aave Labs announced on May 28 that its two subsidiaries located in the United Kingdom, Push Labs Ltd. and Push Virtual Assets Ltd., have been granted registration by the Financial Conduct Authority (FCA) to operate as crypto asset exchange providers in the UK. The approval also gives the firms permission to issue electronic money under […]
Coinbase CEO Brian Armstrong said the financial system still requires major upgrades, as he emphasized that significant technological innovation and policy work will be needed to achieve them. In a post on X, Armstrong flagged several areas where he believes the industry must evolve, including the tokenization of real-world assets (RWA), 24/7 global trading, stablecoin-powered […]
The securities regulator was preparing to release its “innovation exemption” for tokenized stocks as soon as this week, and a draft of the plan had been prepared and reviewed by staff. However, the timing has since been pushed back as the SEC weighs input from stock-exchange officials and other market participants, reported Bloomberg, citing people […]
Crypto markets have remained flat over the past day, but had a weekend boost after US President Trump hinted that a “largely negotiated” deal with Iran was imminent. “It also appears further progress has been made toward a 60-day ceasefire extension for the Iran War,” said the Kobeissi Letter. This week will see key inflation […]
After a few days of highlighting threats that a peace deal might not be reached soon, which increased the selling pressure on the crypto market, US President Donald Trump announced the opposite hours ago. The effects were immediate as bitcoin erased almost all Friday and Saturday losses, jumping to $77,000. Peace Deal Coming Soon? CryptoPotato […]
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 […]