Bitcoin BTC$63,205.72 fell for a fourth straight day to around $63,100, its lowest since $60,200 on February 6, according to CoinDesk data. The latest downward trend coincides with investors’ risk aversion in global markets. US stocks lost ground this week and the dollar index (DXY) rose 0.5% since Asian hours on Monday. BTC is down […]
Decentralized finance (DeFi) wallet tracker Step Finance has announced that it will cease operations with immediate effect. The Solana-based platform was hacked in late January, which resulted in the theft of 261,854 SOL, worth approximately $27 million at the time. Step said it was unable to achieve a viable outcome following the hack after “exploring
Step Finance closes operations after $27 million hack in January Read More »
Canaan Inc. (CAN), maker of Bitcoin mining hardware and operator of crypto mining infrastructure, said it purchased a 49% stake in a joint venture related to several mining projects in West Texas from Cipher Mining (CIFR) for $39.75 million in stock. The transaction covers Cipher’s interest in the ABC projects, which include Alborz LLC, Bear
RedotPay, a Hong Kong-based stablecoin payments company, plans to raise more than $1 billion in an initial public offering (IPO) in the United States, which could value it at more than $4 billion. Sources familiar with the matter told Bloomberg that the company, which achieved unicorn status in September last year, had tapped banking heavyweights
Bit2Me, Spain’s largest cryptocurrency exchange, recorded a trading volume of 5.3 billion euros (about $6.24 billion) in 2025, eight times more than in 2023, as it transitioned from a consumer-facing platform to a back-end infrastructure for banks and law enforcement. This volume was accompanied by growth in business-to-business revenue, which increased from 18% of the
Bitcoin BTC$63,083.82once hailed as an anti-establishment asset and an antithesis of Wall Street, can now pander to the savvy traders on those same floors. Trading of the leading cryptocurrency is gradually moving to the CME Group, and the exchange’s move to 24/7 derivatives later this year could solidify its role as the dominant venue for
Bitcoin Price Discovery Moves to Chicago Read More »
Blockchain investigator ZachXBT has not yet named the target. Polymarket punters are already taking this into account. A prediction market asking which crypto company ZachXBT will expose to insider trading has generated nearly $3 million in volume since the on-chain detective posted on X that a “major investigation” into one of the most profitable crypto
Macroeconomic nervousness due to the emergence of AI disruption trading is compounding weakness in native cryptocurrencies, with the majors posting weekly losses of 8-11% across the board. Bitcoin slipped to around $62,900 on Tuesday, down 2.1% for the day and 7.5% for the week, extending a sharp decline that has so far refused to produce
BTC, ETH, SOL and XRP extend losses as alarming AI trading disrupts risky markets Read More »
High-frequency trading powerhouse Jane Street is accused of insider trading that accelerated the 2022 collapse of crypto project Terraform Labs, which destroyed billions in investor wealth. Todd Snyder, the administrator behind Do Kwon’s shuttered Terraform Labs, has sued Jane Street, seeking damages from co-founder Robert Granieri and employees Bryce Pratt and Michael Huang, according to
Jane Street faces insider trading allegations that hastened Terraform’s 2022 collapse Read More »
Bitcoin BTC$63,342.49 fell below $63,000 during Asian trading hours, extending overnight weakness amid President Donald Trump’s tariffs and AI jitters that have soured investor sentiment. The leading cryptocurrency by market value is already down nearly 7% for the week, trading at levels last seen on Feb. 6, when prices nearly plummeted to $60,000, according to
