Month: February 2025

Prediction markets are booming, but the CFTC is paying attention. With Crypto.com and Kalshi under review, could stricter oversight be coming for event-based trading? The Commodity Futures Trading Commission is closely scrutinizing Crypto.com and Kalshi Inc., seeking clarity on how…...

U.S. prosecutors have charged a 22-year-old Canadian man with stealing a combined $65 million in crypto through two separate decentralized finance (DeFi) hacks — the 2021 Indexed Finance exploit and the 2023 KyberSwap hack. In a newly-unsealed indictment filed in the Eastern District of New York (EDNY), prosecutors say Andean...

Renowned market strategist Tom Lee on Monday recommended buying stocks amid the recent market sell-off triggered by President Donald Trump’s tariffs but advised caution for Bitcoin (CRYPTO: BTC). What Happened: Lee, managing partner and head of research at Fundstrat Global Advisors, stated in a CNBC interview that Bitcoin could face short-term...

Shiba Inu’s prominent lead developer Shytoshi Kusama finds himself at the center of controversy following a barrage of accusations levied by the account @shibburn on X (formerly Twitter). The alleged improprieties—ranging from unauthorized project endorsements to misleading the community—have reignited debates about transparency and leadership within the popular memecoin...

Leading cryptocurrencies rebounded Monday as President Donald Trump’s brief tariff reprieve fueled positive sentiment in risk-on markets. Cryptocurrency Gains +/- Price (Recorded at 7:45 p.m. ET) Bitcoin (CRYPTO: BTC) +5.14% $101,349.10 Ethereum (CRYPTO: ETH)                +1.46% $2,860.84 Dogecoin (CRYPTO: DOGE)           +15.87% $0.2866 What Happened: Bitcoin surged past $100,000, a day...

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Bitcoin experienced a sharp decline from the $106,400 level to the $91,530 mark in less than four days, shedding over 14% and triggering panic across the market. This sudden drop has left many investors uncertain about Bitcoin’s short-term direction as selling pressure intensifies. However, on-chain data suggests that while...

THORChain’s governance body has passed Proposal 6 as part of its restructuring efforts to resolve a nearly $200 million debt crisis. The approved plan involves converting defaulted debt into TCY (Thorchain Yield) equity tokens, eliminating the need for a private raise, and leveraging existing treasury funds to facilitate recovery....

The White House has appointed Elon Musk, the wealthiest individual globally, as a “special government employee.” This designation allows Musk to be employed by the federal government while potentially sidestepping certain disclosure rules. What Happened: As reported by Reuters, Musk, who continues to helm Tesla Inc. (NASDAQ:TSLA) and SpaceX, has been charged with leading...