Nevada regulators shut down Fortress Trust on Oct. 22, citing insolvency that left the custodian holding roughly $200,000 in money towards $8 million owed in fiat and $4 million in crypto. The cease-and-desist order marked the second main Nevada trust-company collapse in two years, following Prime Trust’s entry into receivership in June 2023. Both corporations…
For a market supposedly in a bull run, it doesn’t really feel like one. Sure, Bitcoin could have set a couple of file highs this cycle, however the rallies have been uneventfully yawn-inducing, and the corrections have been savage. Altcoins are down 90% or extra. Retail has vanished. And even the diehards are questioning if…
Kraken’s record-breaking third quarter paints a vivid image of a maturing crypto market and a grown-up firm setting its sights on a long-awaited public debut. With $648 million in income and $178.6 million in adjusted EBITDA, Kraken posted its highest-ever income in Q3, up 114% year-on-year. Unlike a few of its counterparts which have struggled…
The value of Bitcoin (BTC) rebounded previous the $112,000 resistance degree over the weekend, buying and selling at $113,724 on the time of writing, based on CryptoSlate data. Bitcoin’s value breached the $113,000 mark for the second time this week—on Oct. 21, BTC was buying and selling at $113,678. The newest value motion has helped…
Perpetual decentralized exchanges (perp DEXes) registered $1.049 trillion in monthly volume as of Oct. 24, marking the primary time on-chain derivatives markets crossed the $1 trillion threshold and establishing a brand new benchmark for decentralized buying and selling infrastructure. DefiLlama knowledge exhibits roughly $1.241 trillion in 30-day volume as of Oct. 24. Yet on-chain open…
During the U.S. federal authorities shutdown that started on October 1, 2025, the Securities and Exchange Commission (SEC) went into contingency staffing mode. Almost 100 crypto ETF selections acquired stuck in approval limbo because of this, and key economic-data releases from companies reminiscent of the Bureau of Labor Statistics and the U.S. Census Bureau were…
New experiences reveal that United States President Donald Trump has picked pro-crypto Michael Selig because the new chair nominee for the Commodity Futures Trading Commission. The CFTC’s position entails overseeing the futures, choices, and crypto markets, guaranteeing these industries function pretty and transparently whereas defending members from fraud and manipulation. With Selig being a widely…
According to the agency’s Chief Marketing Officer Matthew Moddaber, Polymarket will launch a cryptocurrency, however floating an app for its United States customers is the present precedence. This revelation comes after the crypto prediction platform’s founder, Shayne Coplan, teased the potential launch of a “POLY” token. Token Release To Come After US App Launch In…
For years, many UK crypto holders have flown below the HMRC tax authority’s radar. They satisfied themselves that digital belongings one way or the other sit outdoors the nation’s tax regime. Well, for those who’re a UK resident residing in a river close to Egypt, it’s about time you got here up for air. Crypto…
Speculation is heating up in crypto circles as betting markets Polymarket surged on the likelihood that former FTX CEO Sam Bankman-Fried (SBF) may obtain a presidential pardon from Donald Trump. Following Trump’s shock pardon of Binance founder Changpeng “CZ” Zhao, odds on prediction platform Polymarket for an SBF pardon skyrocketed from 5.6% to over 12%…