The US Department of Justice (DOJ) has initiated a civil forfeiture action to seize over $24 million in cryptocurrency from Rustam Rafailevich Gallyamov, a Russian national indicted for developing the Qakbot malware. This action, announced on May 22nd, is part…
Ethereum’s price surge, reaching an eight-week high of $2,734 on May 23, is supported by strong on-chain activity and technical indicators. This rally, a near 56% increase from a May 6 low of $1,750, is fueled by a confluence of…
Donald Trump hosted a private dinner for the top 220 holders of his memecoin, TRUMP, at his Virginia golf course. The event, costing attendees $148 million for an “ultra-exclusive VIP reception,” sparked controversy due to its potential implications for crypto…
Ledn, a prominent digital asset lender, is streamlining its operations by transitioning to a Bitcoin-only lending model, effective July 1st. This strategic shift involves discontinuing support for Ethereum (ETH) and adopting a fully collateralized lending structure for Bitcoin (BTC). This…
The US Senate’s advancement of the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) marks a pivotal moment for US crypto legislation. Passing with a 66–32 procedural vote on May 19, this bipartisan bill aims to create…
Cetus, a Sui-based decentralized exchange (DEX), suffered a $223 million exploit on May 22nd. The incident mirrors a similar situation faced by Crema Finance, a Solana-based project, three years prior. Both projects share the same development team, led by Henry…
Genius Group, a Singapore-based AI firm, has resumed its Bitcoin accumulation strategy following a favorable US court ruling. Previously barred from expanding its Bitcoin treasury due to a court order prohibiting share sales and fundraising, the company has now purchased…
Spot Bitcoin exchange-traded funds (ETFs) in the United States are experiencing record-breaking inflows, significantly contributing to Bitcoin’s surge to new all-time highs. Data from Sosovalue reveals that US-listed spot Bitcoin ETFs received over $1.5 billion in combined inflows during a…
Bitcoin’s recent surge to a new all-time high of $111,970 on May 22nd, followed by a slight retracement to $110,700, has sparked debate about the market’s overheating. While the price correction might suggest a potential peak, several key indicators paint…
Binance CEO Changpeng Zhao (“CZ”) has vehemently refuted a Wall Street Journal (WSJ) article, labeling it a biased “hit piece” riddled with inaccuracies and negative presumptions. The article alleges Zhao acted as a “fixer” for World Liberty Financial (WLF), a…
