Bitcoin and other cryptocurrencies remained stable amidst stock market upheaval, as investors speculate that digital assets now serve as a safe haven during geopolitical uncertainties.
Jennifer Campbell, the newest partner at Founders Fund, is on the lookout for "super audacious ideas" across various sectors, distinguishing herself as a rare generalist investor in the world of venture capital. She aims to source and support early-stage companies that have the potential to revolutionize industries, ranging from machine learning to biological design.
Optimism for the approval of a spot bitcoin ETF by the SEC is growing, as reflected in bitcoin's outperformance and increased institutional participation.
Bitcoin (BTC) is on track to complete its first golden cross since February, indicating a strengthening bullish momentum and potentially evolving into a bull run.
Bitcoin has surged in anticipation of the approval of US exchange-traded funds, but some speculate that the news could lead to profit-taking.
Pro-Ripple lawyer John Deaton believes that a potential settlement in the SEC vs. Ripple case is unlikely, with the legal process possibly lasting a year and a final judgment not expected until late summer at the earliest, unless Coinbase's motion to dismiss the SEC's case is successful.
The debtor group controlling wallets associated with the bankrupt crypto exchange FTX moved over $19 million worth of tokens to various crypto exchange addresses, including Binance and Coinbase.
Dogecoin (DOGE) and Shiba Inu (SHIB) have seen a 9% surge in the past 24 hours, potentially due to riskier bets by crypto traders on the heels of bitcoin's outperformance, driven by social media platform X's new video calling feature for premium users.
Grayscale Investment's bitcoin trust (GBTC) has seen a surge in shares, rising 220% this year, and the narrowing of its discount relative to net-asset value (NAV) suggests optimism about SEC approval for the conversion of the trust into a bitcoin exchange-traded fund (ETF). This has led to a bi-legged strategy where investors buy GBTC shares while simultaneously selling BTC futures, but as the discount narrows further and the ETF conversion is approved, this strategy may be unwound, supporting bullish pressures on bitcoin.
Sam Bankman-Fried's defense team wants him to testify about his knowledge of FTX's operation, industry practices, and his intentions with FTX's funds, according to filings from his attorneys and the Department of Justice (DOJ). They also seek permission to ask about the involvement of lawyers, auto-deletion policies, bank accounts, loans to executives, and other issues. The defense argues that Bankman-Fried did not intend to defraud customers and relied on advice from lawyers. The DOJ opposes the use of certain evidence and requests proper documentation for proposed witnesses. There is also discussion about a special verdict form for one of the DOJ's charges.
The global cryptocurrency market cap increased by 0.7%, with major coins trading mixed and Bitcoin dominance reaching a new 30-month high, surpassing $35,000 intraday.
Blockchain forensic firm Elliptic has stated that there is no evidence to support claims that Hamas is receiving significant cryptocurrency donations to fund its attacks on Israel, refuting recent articles and letters misinterpreting data on cryptocurrency use by the group. The firm highlighted that the amounts raised by Hamas through cryptocurrency remain small and can be traced due to the transparency of the blockchain.
Whales are showing significant interest in Tellor (TRB), the Ethereum-based Chainlink rival, as the asset experiences a surge in unique transactions and increased market cap despite being down from its all-time high.
Mexican Senator Indira Kempis is advocating for Bitcoin to become a core part of her political agenda, aiming to establish a legal framework that recognizes Bitcoin as legal tender and promote creative alternatives in Mexico's financial system.
Republicans in the U.S. House of Representatives have elected Rep. Mike Johnson as the new Speaker of the House, a less prominent candidate who lacked any senior leadership or committee chair experience, but was favored by mainstream Republicans and former President Donald Trump's ultra-conservative members.
CoinFLEX creditors are accusing CEO Mark Lamb of breaching his fiduciary duties and appropriating the company's assets to create the claims exchange platform OPNX, leading to a civil court filing seeking to have the licensing and purchase agreements rendered null and void.
Nocturne Labs, a US-based crypto startup, has raised $6 million in seed funding from investors including Bain Capital Crypto and Polychain Capital, with the aim of bringing private accounts and enabling anonymous transactions to the Ethereum ecosystem.
Hundreds of millions of dollars worth of Bitcoin linked to a defunct dark web marketplace has been moved to a crypto mixer, while the US government is proposing stricter regulations on crypto tumblers to combat money laundering and illicit transactions.
Crypto recovery firm Unciphered has offered to help former Ripple CTO Stefan Thomas unlock an IronKey hard drive containing 7,002 BTC, worth roughly $244 million, which he has been unable to access after forgetting the password, with only two attempts remaining.
Bitcoin's market share in the crypto market reached its highest level since April 2021, surpassing 54%, as BTC outperforms altcoins due to factors such as the spot ETF and safe haven narratives.
Crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in a span of five hours, potentially indicating their intention to sell assets to repay creditors.
Crypto analyst Miles Deutscher advises investors to closely monitor platforms like Telegram and Discord for upcoming projects in the approaching bull market, as he predicts that shifting market conditions will create new trading opportunities for altcoins.
With the election of Mike Johnson as speaker of the U.S. House of Representatives, Congress can now advance on crypto bills.
Japan has become a trailblazer in stablecoin regulation, with a new law taking effect in June, but the country's example also shows that regulating stablecoins is not easy due to the challenges of ensuring both security and profitability.
The Securities and Exchange Commission, led by chair Gary Gensler, is increasing its efforts to enforce regulations and will continue to go after wrongdoers in the cryptocurrency industry.
Mastercard and MoonPay are partnering to explore the integration of blockchain-based Web3 technology with consumer loyalty and engagement, leveraging Mastercard's Crypto Credential system and payment technologies.
U.S. SEC Chairman Gary Gensler did not disclose any plans for spot bitcoin ETFs, stating that the decisions are currently with the SEC staff and he will not pre-judge the situation before their recommendations; major financial firms are eagerly awaiting the outcome of the court order that vacated the SEC's rejection of Grayscale Investments' application.
Mutual funds are investing in bitcoin stocks Coinbase and MicroStrategy, as well as music streaming giant Spotify, amidst ongoing stock market correction.
Bitcoin briefly surpassed $35,000 but quickly retreated as miners appeared to sell off their holdings, possibly leading to consolidation below that level, according to hedge fund manager Charles Edwards; however, he believes that bitcoin could still reach the $40,000-$45,000 range in the near future.
Bitcoin (BTC) surged above resistance levels, indicating a resumption of the uptrend, as market participants anticipate the approval of a Bitcoin spot exchange-traded fund (ETF) and analysts expect prices to surge after its green light.
Lightning Labs has released "Taproot Assets," a project that enables the issuance of stablecoins and other digital assets on Bitcoin and the layer-2 Lightning Network, potentially bringing Ethereum-style features to the Bitcoin blockchain.
Bitcoin's surge towards $35,000 has boosted the value of altcoins, with tokens like Solana, Chainlink, Aptos, and Pepe recording significant gains over the past week, driven in part by investor anticipation of a spot Bitcoin ETF being approved by the SEC.
A whale investor has taken a bearish stance on Coinbase Global, with 67% of trades showing bearish sentiment and a target price range of $20.0 to $200.0, while the current price of COIN is up 1.75% at $83.51.
Collapsed crypto exchange FTX is transferring $8.6 million in Ethereum, Chainlink, Aave, and Maker to Binance, indicating the beginning of a sale to repay creditors after going bankrupt, according to analysts.
Polygon Labs has launched the Ethereum contract for the new Polygon token, POL, which aims to replace the current token, MATIC, and power a vast ecosystem of zero knowledge-based Layer 2 chains.
Bitcoin has surged past $35,000, reaching its highest price since May 2022, amid a bullish week for the cryptocurrency market fueled by hopes of a Bitcoin ETF approval and significant gains in other major cryptocurrencies like Ethereum, XRP, Solana, Cardano, and Dogecoin.
Bathhouse, a trendy spa in Brooklyn, is using bitcoin mining to heat its pools, claiming to be energy-neutral, but experts believe there are more efficient methods of heating that could reduce electricity usage by 50%.
FTX founder Sam Bankman-Fried will testify in his criminal fraud trial to defend against charges of orchestrating a major fraud, as the government accuses him of defrauding FTX customers and investors.
Parallel Studios is expanding its sci-fi trading card game with over 120 new NFT cards, which can be purchased in blind packs and traded before they are officially added to the game. Players can choose from different card bundles, including a Player Pack, Collector's Pack, and Collector's Crate. The new cards will not be added to the game until Q1 or Q2 of 2024.
Sam Bankman-Fried's defense team aims to present evidence of inconsistent statements from former FTX executives, Gary Wang and Nishad Singh, in order to challenge their credibility during the trial. They plan to introduce notes from conversations with the executives conducted by FBI agents that show discrepancies between their trial testimonies and previous statements.
FTX founder Sam Bankman-Fried plans to testify in his criminal trial to prove his innocence of fraud allegations and conspiracy, despite previous testimony from FTX insiders suggesting his involvement in the alleged wrongdoing.
The Ripple XRP price has reached a new 70-day high of $0.586, with the possibility of reclaiming the $0.550 horizontal resistance area and continuing to increase, but a weekly close above the area has not yet occurred.
Cryptocurrency trading firm Matrixport has reiterated its prediction that Bitcoin will reach $45,000 by the end of 2023, citing successful market forecasts and its analysis of Bitcoin's recent surge.
Bitfinex Securities, a platform for listing tokenized securities, has announced its first tokenized bond called ALT2611, which will be listed in November and offers a 10% coupon over a 36-month period, denominated in Tether (USDT) and issued by Mikro Kapital, targeting microfinance organizations and institutions in various nations including Italy, Romania, Moldova, and countries along the Silk Road.
Sam Bankman-Fried, co-founder of crypto exchange FTX, is on trial in the US for allegedly concealing an $8 billion cash shortfall, with his former associates testifying against him, in a case that will test US authorities' ability to regulate offshore crypto trading businesses.
Cybersecurity experts have found a way to access a Bitcoin wallet worth over $200 million, but the owner, who forgot his password, has declined their help.
Ripple's chief technology officer and X (formerly Twitter) have posted cryptic messages that have sparked speculation in the crypto community, with theories ranging from transformative price movements in XRP to Dogecoin adoption on the platform.
Seattle-based game studio Neon Machine has raised $20 million in Series A funding led by Polychain Capital to further develop its upcoming first-person shooter game, Shrapnel, which includes a private crypto network built on Avalanche and offers in-game content as NFTs.
The price of Solana (SOL) has surged to a new yearly high, reaching $32.81, as it retraces the entire decrease caused by the bankruptcy of the FTX exchange, with analysts predicting further increases and a resistance area at $46.
The bitcoin price has surged past $35,000, reaching its highest level in over a year due to excitement over BlackRock's bitcoin spot ETF application and speculation that the U.S. wealth management industry could gain access to the crypto market.