Terraform Labs co-founder Do Kwon is expected to plead guilty in a US fraud case tied to the 2022 collapse of the TerraUSD (UST) stablecoin, which wiped out $40b in value and sent shockwaves through the cryptocurrency industry. US District Judge Paul Engelmayer has scheduled a change of plea hearing for Tuesday 10:30 am in…
The Trump family’s crypto venture, World Liberty Financial, recently announced a plan to raise $1.5 billion through a partnership with ALT5 Sigma Corporation, a publicly listed company in the US. According to a report by Fortune, the funds will be utilized for the acquisition of WLFI, the native token of World Liberty Financial. ALT5 Sigma…
Bitcoin price is correcting gains from the $122,250 zone. BTC is now consolidating and might aim for a move toward the $120,500 resistance zone. Bitcoin started a fresh increase above the $118,500 zone. The price is trading above $118,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend…
BitMine Immersion Technologies Inc. shares jumped this week after a steep rally on Friday, and traders kept the momentum into Monday. According to company disclosures, BitMine reported holding 1.15 million ETH as of August 10, with that stash valued at $4.96 billion, up from roughly 833,137 ETH and nearly $3 billion just a week earlier….
Stellar (XLM) has been quietly moving higher, up 10% in the past week and 3% in the last 24 hours, but the pace is far from explosive. This is despite the token breaking out of a bullish pattern on the daily chart earlier this month. If the structure remains bullish, why hasn’t price surged? The…
The cryptocurrency market has seen a notable rebound in the lead-up to Tuesday’s US Consumer Price Index (CPI) release, with Bitcoin climbing above $122,000 over the weekend and Ethereum rising by nearly 20% in the past week to more than $4,300. The gains have coincided with improved sentiment in US equity markets, with QCP Capital…
Bitcoin (BTC) surged past $122,000 on Monday, coming within 1% of its all-time high of $123,218. The rally has been fueled by high spot Bitcoin ETF inflows, renewed corporate accumulation, and a pro-crypto policy shift from the White House. Over the last three days of trading, U.S. spot Bitcoin ETFs absorbed $773 million in net…
Binance’s exchange token continues to thrive and post notable results. With strong backing from investors and institutions, coupled with social media engagement, it seems poised for new, uncharted territories. Surpassing Retail Giants BNB, the native token of the Binance ecosystem, has achieved an impressive feat by surpassing the market capitalizations of sports retailer Nike and…
On Tuesday, Donald Trump signed an executive order extending for 90 days the suspension of tariffs on Chinese goods. The move preserves space for continued dialogue between Washington and Beijing. Importantly for the cryptocurrency industry, the government has postponed tariff hikes on mining hardware imports. This has shielded related businesses from immediate cost increases. Higher…
A crypto scam linked to DeFi platform Terablock has left more than 1,200 investors in Mexico and the United States without their funds. Authorities estimate losses exceed $300 million, devastating families and businesses. The scheme promised monthly returns of 7% to 15% through investments in the USDC stablecoin. Investors accessed their accounts via a mobile…