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
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.
The recent recovery of the crypto market has shifted the red trend to green. Major assets have made steady gains with Bitcoin (BTC) climbing into the $104.2K range, and Ethereum hovering at around the $2.3K range. Meanwhile, Chainlink (LINK) has registered an 8.51% increase. Chainlink opened day trading at a
Shiba Inu (SHIB) has entered the spotlight again as a massive spike in whale activity hints at a significant market shift. On May 7, large holder inflows surged by a staggering 2,952%, jumping from 238.91 billion SHIB to over 6.42 trillion SHIB. This was matched by a 6,050% increase in
While cryptocurrencies are rapidly revolutionising financial systems, the Society for Worldwide Interbank Financial Telecommunications (SWIFT) is trying to prevent their misuse to circumvent sanctions by Russia and China. At the London Digital Assets Summit on May 6, Tom Zschach, SWIFT’s Chief Innovation Officer, laid out how the company is enhancing
Virtual Protocol (VIRTUAL) surged an eye-catching 33% in the past 24 hours, reclaiming market attention and reviving bullish sentiment across speculative crypto circles. The token trades at $2.13, marking a dramatic rebound in a volatile year marked by euphoric gains and crushing declines. But beneath the surface, a crucial question
For a month now, the TRUMP memecoin that is associated with President Donald Trump has been on an uptick spree. As of the latest data, the cryptocurrency opened its price value during the Asian trading session at $12.68, continuing its uptrend that has marked a 15% surge in the last
SEC Commissioner Caroline Crenshaw has publicly objected to a proposed settlement with Ripple Labs, warning that it undermines investor protections and the legal foundation built over years of litigation. According to a statement by the SEC on May 8, the deal, which would see Ripple and its two top executives
The BRETT price is showing impressive strength in early May 2025, with price action indicating a breakout from its recent trading range. Considering several timeframes gives a complete picture of this developing bullish trend. On the 4-hour chart, since early April, BRETT has developed a strong uptrend, and the price
SUI has jumped into a strong recovery phase amid a broader market rebound for altcoins. Currently trading at $3.90, the token has recorded an 8% intraday gain as technical indicators align for a potential push toward its all-time high of $6. The bounce-back coincides with a golden crossover on the
