A federal judge in California sentenced in absentia a dual national of China and St. Kitts and Nevis to 20 years in prison for his role in a $73 million international crypto scam. Daren Li, who is a fugitive after removing an ankle electronic monitoring device in December, was also handed three years of supervised…
About a week ago, bitcoin BTC$69,041.32 dropped more than 10% in a day to around $60,000 before rebounding to $70,000 in recent days. The question is, did the slide mark “capitulation,” when holders panic-sell at a loss, exhaust bearish pressure and set the stage for a new bull run? The futures market says no, suggesting…
President Donald Trump’s U.S. bitcoin BTC$68,900.75 reserve doesn’t exist yet, and there is no mechanism in the federal government for the wholesale purchase of crypto. Keep that in mind when considering this weekend’s speculation about the price point that would cause the White House to push a buy button, thanks in large part to CNBC’s…
Bitcoin’s BTC$70,411.45 sharp rebound from last week’s plunge toward $60,000 has been accompanied by a subtle but important shift in one closely watched indicator of U.S. demand. The Coinbase Bitcoin Premium Index — which tracks the price gap between bitcoin traded on Coinbase and the global market average — has climbed sharply from deeply negative…
Bitcoin’s BTC$69,320.81 rebound from last week’s selloff is already running into a wall. After briefly sliding into the low-$60,000s in a capitulation-style move last week, the largest cryptocurrency snapped back toward the $70,000 level over the weekend but momentum has since faded. That stall has traders re-framing the bounce as a classic bear-market pattern a…
Morgan Stanley initiated coverage of three publicly traded bitcoin BTC$70,334.95 mining companies on Monday, backing two names tied to data center leasing while taking a more cautious stance on a miner focused on bitcoin exposure. Analyst Stephen Byrd and his team started coverage of Cipher Mining (CIFR) and TeraWulf (WULF) with Overweight ratings and set…
Speaking on CoinDesk Live at the Ondo Summit in New York City, former House Financial Services Chair Patrick McHenry and White House advisor Patrick Witt said a sweeping crypto market structure bill could pass within months. Latest developments: Optimism is rising across Washington and industry. McHenry and Witt discussed the growing momentum for landmark crypto…
Farcaster co-founders Dan Romero and Varun Srinivasan said Monday they are joining stablecoin-focused startup Tempo, signaling a pivot away from crypto-native social media and toward blockchain-based payments. The move follows last month’s acquisition of Farcaster by Neynar, a long-time infrastructure provider for the protocol that offers APIs and tools for developers building on the network….
Breaking a familiar pattern, bitcoin BTC$70,411.45 is on the rise during the U.S. session, climbing to $70,800 after falling to just above $68,000 earlier in the day. Bitcoin is now higher by 0.5% over the past 24 hours, with ether ETH$2,063.57, XRP XRP$1.4281 and solana SOL$87.21 ahead closer to 1.5% over the same time frame….
Bitcoin miner Cango (CANG) completed the sale 4,451 BTC over the weekend, raising roughly $305 million in USDT as it looks to reduce leverage and reposition its business around artificial intelligence infrastructure. The company said it raised $305 million from the sale, suggesting an average sale price of about $68,524 per coin, or not far…
