A significant event in the cryptocurrency market has unfolded with a crypto whale establishing a $1.1 billion long Bitcoin bet on the decentralized exchange (DEX) Hyperliquid. This unprecedented position, believed to be the first exceeding $1 billion on the platform,…
Jeremy Jordan-Jones, founder of the blockchain startup Amalgam Capital Ventures, faces multiple federal charges following his indictment on May 21, 2025. The Manhattan US Attorney’s Office alleges that Jordan-Jones orchestrated a sophisticated scheme to defraud investors of over $1 million.…
Synthetix, a decentralized finance (DeFi) platform, has abandoned its $27 million acquisition plan for Derive, a crypto options platform. The decision follows negative feedback from both Synthetix and Derive’s communities. Synthetix’s initial proposal, announced on May 14th, involved a token…
BlackRock’s iShares Bitcoin Trust (IBIT) experienced its largest single-day inflow in months on May 21st, reaching $530.6 million. This surpasses all inflows since May 5th and marks a significant surge in investor interest in Bitcoin ETFs. The inflow represents over…
Bitcoin’s price surge has propelled it past $110,000 for the first time, marking a new all-time high. This significant rally represents a 3% increase in a single day, surpassing previous highs from earlier this year. On May 21st, Bitcoin (BTC)…
Anthony Pompliano’s ProCap Acquisition Corp (PCAPU), a fintech-focused blank-check company, saw a successful Nasdaq debut, closing its first trading day up 7% at $10.70. The initial public offering (IPO) was upsized at the last minute, increasing from $200 million to…
Australia’s financial regulator, the Australian Securities and Investment Commission (ASIC), is appealing a lower court’s decision that favored fintech firm Block Earner. The case centers on Block Earner’s crypto-linked fixed-yield earning service, which the Federal Court ruled was not a…
Bipartisan Support Emerges for Blockchain Regulatory Certainty Act Amidst Political Headwinds A significant development in US crypto regulation is unfolding with the reintroduction of the Blockchain Regulatory Certainty Act. This bipartisan bill, spearheaded by Republican Representative Tom Emmer and, surprisingly,…
VanEck is launching a private digital assets fund in June, focusing on tokenized Web3 projects built on the Avalanche blockchain. The VanEck PurposeBuilt Fund, accessible only to accredited investors, will invest in liquid tokens and venture-backed projects across various Web3…
Bitcoin’s recent surge to a new all-time high of $109,458 on Binance signifies robust bullish momentum, marked by seven consecutive green weekly candles since its April low of $74,500. This upward trend, if sustained above $106,500 by May 25th, would…
