crypto

Bitcoin and Ether bears are reportedly being decimated amid a 'squeeze-led' rally within the crypto market. Separately, Musk’s platform X announced plans to compensate creators using stablecoins.

The STS Digital CEO stated that cryptocurrency is currently in a 'winter' phase regarding its price performance, but simultaneously suggests it is experiencing an 'institutional summer.'

The title asserts that the Clarity Act is an anti-crypto bill.

Laser Digital secured Japan's first crypto approval in four years, an achievement that was backed by Nomura.

Upbit experienced a significant surge in trading volume, spiking by 273%. This dramatic increase was driven by South Korean investors re-entering the cryptocurrency market.

Nahas of Avalanche noted that while token prices are currently down, he maintains an optimistic view on the market. He stated that despite the decline in crypto markets, he has never seen more opportunities within the industry.

Capital.com plans to offer spot crypto services in the UAE after an affiliate successfully won a license. The expansion will allow UAE clients to buy and hold cryptocurrency through Capital.com's app, moving beyond previous price exposure offered via contracts for difference.

Ram Kumar, associated with OpenLedger, views agentic payments as a crucial development for cryptocurrency. He suggests that these payments represent crypto’s first major AI ‘killer app.’

Bitcoin approached $72,000 in a second day of upside. During this period, crypto short liquidations surpassed $3.1 billion.

A trader who had previously profited $49 million by shorting crypto experienced a substantial loss. The individual subsequently lost $24 million specifically on ether within 12 seconds.

Ether jumped 18% to $2,250 while bitcoin topped $69,000, marking a broad crypto rally.

Scammers are creating fake crypto wallet-checking sites that falsely promise to identify suspicious activity linked to a wallet. These deceptive sites attempt to trick victims into connecting their wallets or approving unauthorized transactions by mimicking legitimate AML checking processes. Users should recognize that basic wallet checks only require entering the public address and should never connect their wallet to such services.

Dutch Prosecutors are selling $2.5M of crypto acquired from the bankrupt platform Knaken. The trustee stated that Knaken had purchased the coins in its own name, leaving customers with only a euro claim against the collapsed company.

The upcoming week of crypto news focuses on several key developments, including the Coinbase-Circle USDC collaboration and analysis of FOMC minutes. Market attention will also be given to global economic indicators such as oil prices.

A national bank regulator granted conditional approval for World Liberty Trust, described as a crypto venture linked to the Trump family, to establish a bank charter. This unprecedented move opens potential opportunities for the business to serve larger clients.

Volatility is exiting both crypto and TradFi markets. However, risks related to the U.S.-Iran dynamic remain persistent, coupled with rising sovereign debt.

The SEC is planning new rules for tokenized stocks. A new framework could be announced as soon as Friday, representing a potentially major development for crypto this year.

Generation Z shows growing reliance and trust in crypto, creating a generational divide regarding investment strategies. According to an OKX sponsored survey, 40 percent of Generation Z and 41 percent of millennials reported feeling confident about crypto platforms.

CoreWeave saw a surge of 16% following a quarter that generated $2.58 billion in revenue. The company's strong performance indicates that demand for AI infrastructure is significantly eclipsing demand related to crypto.

Suspected North Korean IT workers were drawn into a fake crypto startup. The article reports that these workers participated without knowing that their every action was being monitored and tracked to extract valuable intelligence.

North Korea is currently utilizing crime networks to launder stolen cryptocurrency. The article warns that when proceeds mix with scam money, exchanges struggle significantly to separate proliferation finance from ordinary laundering activities.

MoneyGram plans to expand its services using Solana to facilitate a new global crypto-to-cash service.

UK lawmakers have pressed banks to explain how the upcoming FCA crypto regime may alter their current policies regarding digital asset firms. Lawmakers cited the issue as one of the single biggest barriers to growth.

Software stocks have been observed breaking away from Bitcoin, creating a rare market divergence. This separation suggests potential implications for the broader cryptocurrency sector.

Coinbase has opened derivatives trading in the UK market. This offering includes futures, perpetuals, and options spanning various asset classes. These products cover crypto, commodities, equities, and FX, but service is restricted to professional investors.

Coldcard, a manufacturer of offline crypto storage devices, was hit by a security lapse that resulted in at least $100 million worth of Bitcoin being stolen from customers. The breach occurred because Coldcard failed to implement a randomized process for creating seed phrases, instead relying on a predictable pattern that allowed hackers to guess others. This incident has sparked debate about the reliability of hardware wallets versus using reputable exchanges.

Kimsuky is conducting cyberattacks by integrating generative AI into its methods. They use this technology to produce phishing documents that are themed around various financial areas, including digital assets, investment strategies, and fintech services. These attacks primarily target the crypto and finance sectors.

XRP is reportedly struggling to participate in the current crypto bounce. This underperformance occurs even as Exchange Traded Funds (ETFs) continue successfully attracting investor capital.

The Senate will not vote on the crypto Clarity Act before its summer break.

The S&P 500 has added crypto's $2 trillion market cap during this month. However, despite the significant financial addition, Bitcoin reportedly remains unimpressed.

Crypto campaign efforts experienced a rare loss, but the number of crypto supporters in Congress is expected to increase. The article highlights a mixed outcome for cryptocurrency-related political campaigns.

Bitwise's Matt Hougan argues that regulatory guidance from the SEC and CFTC will sustain the crypto industry's momentum even if Congress does not pass major market structure legislation this year. The article highlights that clarity from regulators, rather than legislative action, may be sufficient to keep the industry advancing.

Bitwise CIO Matt Hougan states that cryptocurrency will remain stable even if the Clarity bill fails to pass in the US Senate. The Congress is set to enter a recess next week, providing a three-day window for the bill to advance.

Caleb & Brown, a boutique brokerage, is expanding to the UK and targeting high-net-worth clients in the crypto market. The firm aims to capitalize on untapped demand by avoiding direct competition with retail crypto exchanges.

Fake World Assets repurposes forgotten NFTs through an onchain lottery system, raising questions about the sustainability of this emerging crypto trend. The concept, referred to as 'onchain gacha,' has become a recent obsession in the crypto space.

The article 'Counting down the days: State of Crypto' appears to focus on the current status or developments in the cryptocurrency market, though no specific details are provided in the content.

Duogox, an online casino, is accused of using hacked social media profiles to distribute USD2500 promo codes. Users claim they cannot withdraw earnings or deposits due to unverified accounts and mandatory crypto chargebacks, with no customer support available.

The article discusses the intersection of cryptocurrency and Wall Street through the use of perpetual contracts (perps). It highlights how this financial instrument is bridging traditional markets with crypto trading.

A crypto PAC has donated $1 million to support Shri Thanedar's re-election campaign in Michigan's House race through industry-aligned ad funding. The donation highlights increased crypto industry influence in the contest against other candidates.

The CEO of STS Digital identifies three barriers hindering the next bull run in cryptocurrency. The article highlights challenges to crypto's growth as discussed by the STS Digital CEO.