Russia’s finance ministry and central bank are set to unveil a crypto exchange for “highly-qualified” investors, news agency Interfax reported on Wednesday. The exchange will “legalize crypto assets and bring crypto operations out of the shadows,” Finance Minister Anton Siluanov said during a ministry board meeting, according to the report. “Naturally, this will not happen … Read more
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin’s (BTC) status as a haven in the context of broader financial markets may be up for debate, but within crypto it’s hardly questionable. Cryptocurrency prices have fallen across the board over the last 24 hours, yet bets on BTC’s dominance keep growing. The market’s sell-off … Read more
KiloEX, the decentralized exchange (DEX) hit by a $7 million attack earlier this month, has revealed its resolution plans for affected users. Users whose positions remained open during the platform suspension will be compensated for the difference on increased losses or decreased profits, KiloEX said on Thursday. Compensation will only be calculated up to the … Read more
ZKsync said $5 million worth of tokens stolen during an admin wallet hack last week have been returned and the case is now considered resolved. The layer-2 blockchain protocol saw a hacker compromise its admin wallet, leading to the theft of unclaimed tokens from the ZKsync airdrop. In a post on X, the project said … Read more
Would you offer insurance when expecting low odds of a claim being made? Most likely, you would, while pocketing the premium without a second thought. Bitcoin (BTC) traders are doing something similar in the Deribit-listed BTC options market, hinting at bullish price expectations. Recently, an increasing number of traders have been selling (writing) BTC put … Read more
For every 1 bitcoin (BTC) sold by short-term holders, long-term holders (LTHs) have accumulated 1.38 BTC in a clear sign of their commitment as the largest cryptocurrency continues to recover. Since bottoming out in January, LTHs have amassed 635,340 BTC, bringing their total holdings to 13,755,722 BTC, according to Glassnode data. Defined as those who … Read more
Dubai’s crypto regulator has issued an alert, warning of firms falsely claiming to be part of the city’s high-profile real estate tokenization pilot, saying that such misrepresentation may violate the emirate’s virtual asset laws. The Virtual Assets Regulatory Authority (VARA), in coordination with the Dubai Land Department (DLD), said on Tuesday that several entities have … Read more
Metaplanet (3350) has reached a major milestone in its bitcoin (BTC) strategy, the Japanese hotel company now holds 5,000 BTC as part of its treasury operations. Its BTC stash is valued at approximately $428.1 million at an average acquisition cost of around $85,621 per coin. The Tokyo-listed firm continues to double down on bitcoin as … Read more
Major tokens fell as much as 5% on Thursday as traders took profits on a steady move higher from earlier this week, with memecoin dogecoin (DOGE) leading losses among the largest assets. Bitcoin (BTC) clung to the $93,000 zone in the past 24 hours, but XRP, Solana’s SOL, BNB Chain’s BNB and DOGE showed losses … Read more
Bitcoin’s (BTC) breakout to $93,000 is being driven by deep-pocketed institutions, not retail exchange traded-fund (ETF) buyers, said Coinbase Institutional’s John D’Agostino on CNBC. The rally began in early April, as institutional investors, and sovereign wealth funds quietly accumulated BTC with their “patient pools of capital” while retail investors were still pulling capital from spot … Read more
