The U.S. Treasury Department has, for the first time, sanctioned cryptocurrency exchanges for operating in Iran’s financial sector. The Office of Foreign Assets Control (OFAC) announced sanctions against Zedcex and Zedxion both registered in the United Kingdom, as part of a broader crackdown on Iranian authorities after their brutal suppression of an internal uprising that…
Something strange (and maybe creepy) is happening on the internet. Moltbook — a Reddit-like social network where AI agents post their thoughts (yes, that’s right, AI’s are talking to each other over social media!) — is going viral. And, in a very crypto-degen fashion, memecoin traders are cashing in. Moltbot is a social network populated…
Tokenized silver futures recorded the largest liquidations across the crypto market over the past 24 hours, overtaking bitcoin and ether in a rare reversal of the usual risk hierarchy as a pullback in precious metals spilled into commodities-based crypto futures. According to CoinGlass data, 129,117 traders were liquidated in the past day, with total losses…
Binance blamed the October 10 flash crash on a macro shock colliding with heavy leverage and evaporating liquidity, rather than any breakdown in its trading systems following speculative chatter on social media. In a report released Saturday, the exchange said global markets were already under pressure following trade-war headlines when crypto markets cracked. Bitcoin and…
Crypto prices stayed under pressure on Friday as the U.S. government entered a partial shutdown after lawmakers missed a midnight funding deadline, adding another layer of uncertainty to a market that has already been struggling to find bids. Bitcoin traded around $83,559, up about 1% on the day but down roughly 6.8% over the past…
Tether, issuer of the world’s most popular stablecoin USDT, wrapped up 2025 with a net profit of over $10 billion, the company reported Friday, bolstered by steady growth in its flagship token and growing exposure to U.S. Treasuries and gold. The fourth-quarter attestation, signed by accounting firm BDO Italy, showed Tether holding $6.3 billion in…
The U.S. government is set to partially shut down at midnight, despite the Senate voting in favor of a funding package intended to keep the government running — showing the importance of specificity in prediction market contracts. The House of Representatives is out of session this week, and will not be back until Monday. Because…
Elon Musk’s consideration of a potential merger involving SpaceX, Tesla or artificial intelligence firm xAI has put renewed attention on a lesser-discussed piece of his empire: one of the largest corporate bitcoin holdings in the world. SpaceX and Tesla together hold nearly 20,000 bitcoin, according to public disclosures, a stash worth roughly $1.7 billion at…
Where bitcoin trades from here: Expect patience before the next leg higher. Hougan expects bitcoin to trade sideways between roughly $75,000 and $100,000 in the first half of the year. “There’s still a lot of Bitcoin for sale around $100,000,” he said, pointing to options-market positioning. A breakout is more likely later in the year…
Wall Street’s payments giants are not sold on crypto’s usefulness in everyday transactions — at least not yet. In earnings calls this week, both Visa and Mastercard executives offered cautious assessments of digital assets, especially stablecoins, signalling that consumer demand hasn’t necessarily materialized in meaningful ways. “As I’ve said before, in the U.S., if a…
