French authorities arrested John “Lick” Daghita, who allegedly stole tens of millions in crypto from the U.S. government. In an X post on Thursday, FBI Director Kash Patel confirmed Daghita had been arrested on Wednesday on the island of Saint Martin in a joint FBI and French Gendarmerie operation. In his social media post, Patel…
The first phase of bitcoin’s BTC$72,504.45 recent drawdown has not triggered panic among institutional investors, according to crypto asset management firm CoinShares. Professional allocators reduced exposure modestly but largely maintained their positions compared with last year. Advisors trimmed holdings while hedge funds scaled back alongside the broader leverage unwind and shifting opportunities in other markets,…
Andreessen Horowitz’s crypto arm is back in the market with a fifth venture fund, even as the digital asset sector navigates a slower investment environment, Fortune reported. A16z crypto aims to raise $2 billion for the fund and hopes to close the process during the first half of 2026, Fortune said, citing unidentified sources. The…
Crypto experts are pushing back after billionaire hedge fund manager Ray Dalio renewed his skepticism about bitcoin BTC$72,488.26, arguing that the largest and oldest cryptocurrency lacks the qualities that make gold a reliable store of value. Speaking on the All-In Podcast, the Bridgewater Associates founder said bitcoin should not be compared to gold because it…
Eric Trump, one of the sons of U.S. President Donald Trump and a co-founder of crypto firm World Liberty Financial, went after the banking industry Tuesday over their opposition to allowing stablecoin yield in crypto market structure legislation. “Big Banks (think JPMorgan Chase, Bank of America, Wells Fargo, etc.) are lobbying overtime to block Americans…
As artificial intelligence reshapes everything from finance to cybersecurity, the Ethereum Foundation (EF) is carving out a strategy for how the world’s second-largest blockchain fits into that future. Instead of trying to fuse blockchains and AI at the level of raw computation — something Ethereum was never designed to handle — the EF sees the…
The crypto industry’s campaign-finance arm, the Fairshake political action committee, is already grinding out wins in the opening primaries of the 2026 U.S. congressional midterms, having supported several lower-profile candidates while also opposing a prominent, longtime congressman in Texas, Al Green. A former Department of Justice lawyer backed by President Donald Trump, Jessica Steinmann, secured…
Bitcoin BTC$68,503.15 surged Wednesday, underscoring its growing resilience to turmoil in the Middle East, while gold, a traditional safe haven, lagged. The leading cryptocurrency by market value rose to $71,023 during the European hours, up over 6% on a 24-hour basis, according to CoinDesk data. Other majors such as ether (ETH), XRP (XRP) and solana…
Ray Dalio picked an interesting week to trash bitcoin. The Bridgewater Associates founder said on the popular All-In Podcast on Tuesday that investors should stop comparing bitcoin to gold, arguing that the largest cryptocurrency lacks central bank support, has no privacy, and faces long-term threats from quantum computing. “There is only one gold,” Dalio said….
U.S. President Donald Trump said bankers are trying to undermine the GENIUS Act — the signature stablecoin legislation he signed into law last year — in a Truth Social post Tuesday, and he urged passage of Congress’ crypto market structure legislation without interference. “The U.S. needs to get Market Structure done, ASAP. Americans should earn…
