Budding crypto writer with a keen interest in providing fresh insights and the latest updates in the crypto space. Enthusiastic about translating complex crypto concepts into clear, actionable information for readers.
German law enforcement has confiscated €34 million ($38 million) in cryptocurrency from eXch, a crypto-swapping platform tied to the $1.4 billion Bybit hack. Authorities announced the seizure on May 9, calling it the third-largest crypto confiscation in Germany’s history. The Federal Criminal Police Office (BKA) and Frankfurt’s prosecutor’s office led
4 hours ago 2 mins read
U.S. Treasury Secretary Scott Bessent criticized the Senate on Thursday for rejecting the GENIUS Act, a stablecoin regulation bill. The vote, split 49-48, halted progress amid mounting concerns over President Donald Trump’s ties to crypto. Bessent called the decision a “missed opportunity” for American leadership in the digital asset space.
6 hours ago 2 mins read
The crypto market is surging today, driven by growing optimism around global trade developments and a supportive macroeconomic backdrop. The total crypto market capitalization jumped 3.21% to reach $3.1 trillion, while 24-hour trading volume soared 47.10% to $119.1 billion. Bitcoin (BTC) surged past $99,000, hitting $99,415, as bulls aim for
May 8, 2025 2 mins read
BlackRock revealed $32 million in Q1 revenue from its Bitcoin ETF, iShares Bitcoin Trust (IBIT), in a new SEC filing. The firm also reported $47.78 billion in net assets at the end of Q1 2025, down from $51.52 billion in Q4 2024. Despite the price correction, institutional demand stayed strong.
May 8, 2025 2 mins read
Tokyo-listed investment firm Metaplanet has acquired another 555 Bitcoins for $53.4 million. The company disclosed the purchase on May 7, confirming an average price of $96,134 per coin. This latest move pushes Metaplanet’s total BTC holdings to 5,555, worth approximately $481.5 million at acquisition cost. *Metaplanet Issues 25 Million USD
May 7, 2025 2 mins read
Binance founder CZ has confirmed that he has formally applied for a U.S. presidential pardon. He announced this during the May 5 interview with Farokh Sarmad on the Rug Radio podcast. This marks the first time Zhao publicly acknowledged the pardon request. Zhao explained that his legal team applied two
May 7, 2025 2 mins read
Shark Tank star Kevin O’Leary has dismissed the idea of a U.S. Strategic Bitcoin Reserve. Speaking during a debate with SkyBridge founder Anthony Scaramucci, O’Leary said the proposal “will never happen.” He cited a lack of bipartisan support and questioned the motives of Bitcoin advocates like Michael Saylor. The exchange
May 6, 2025 2 mins read
The U.S. Internal Revenue Service (IRS) has appointed Trish Turner as the new head of its digital assets division. Her promotion follows the sudden departure of Sulolit “Raj” Mukherjee and Seth Wilks, two private-sector experts who previously co-led the IRS crypto unit. Turner has worked at the IRS for over
May 6, 2025 2 mins read
Senate Democrats have introduced the Clean Cloud Act of 2025, targeting carbon emissions from cryptocurrency mining facilities and AI data centers. Senators Sheldon Whitehouse and John Fetterman presented the bill to amend the Clean Air Act and address rising energy demand. The bill proposes regional emission caps for facilities using
April 13, 2025 2 mins read
Bitcoin rebounded to $86,015.19 in the past 24 hours before settling at $84,457.07. This reflects a modest daily gain of 0.89%. Its market capitalization rose to $1.67 trillion, advancing in lockstep with price growth. However, the daily trading volume dropped 23.19% to $28.37 billion. The market cap ratio now stands
April 13, 2025 2 mins read