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One of the CFTC commissioners, Caroline Pham, has been named as the acting CFTC Chair, as per sources. CFTC Chair Rostin Behnam is stepping down today and February 7th will be his last day at CFTC. Pham has led several digital asset initiatives, including establishing a Digital Asset Markets subcommittee. A Great Record CFTC Chair…
The rise of Chinese DeepSeek in AI despite the US chips sanctions has significantly shaken the Western tech stock perception, thus impacting the crypto in return. Robert Kiyosaki expects Bitcoin and the crypto to boom while the stock market crash escalates in the coming weeks. The total crypto market valuation, led by Bitcoin (BTC), dropped…
Merflodex: Simplifying Crypto Swaps for a Borderless Economy The demand for seamless and secure cryptocurrency exchanges continues to rise, and Merflodex is leading the way by providing an efficient crypto-to-crypto swapping platform. With no fiat involvement, this exchange allows users to trade digital assets freely, ensuring speed, privacy, and security. Operating in 53 countries for…
Indian scammers are exploiting stablecoins like USDT to move illicit funds internationally. Police in Rajasthan arrested suspects involved in laundering over INR 1 crore via USDT stablecoin. Authorities previously busted a similar scam, arresting 15 people linked to USDT laundering . Cybercriminals in India are increasingly exploiting blockchain technology to move illicit funds across borders, with…
CME’s Bitcoin options skew hits record levels at 4.4%, indicating aggressive call buying and growing institutional confidence in crypto markets. BlackRock’s IBIT leads ETF inflows with $661M contribution, part of $3B+ accumulated over four consecutive days of institutional buying. Long-term holders establish new support at $100K by reducing holdings from 14.2M to 13.1M BTC, marking…
Arcblock (ABT) has skyrocketed a massive 45% in the past 24 hours but failed to break above $2 resistance. Arcblock is a AI protocol made in the USA and aims to provide easy deployment of dApps. ABT is an ERC-20 token that incentivizes the transactions on the blockchain network and has a market cap of…
A Chinese court has drawn a firm line on crypto derivatives trading, branding it as illegal gambling in a ruling that could reshape the nation’s digital asset landscape. The court found employees and agents of BKEX crypto exchange guilty of facilitating illicit financial activities through perpetual contracts. Despite nailing its employees, BKEX founder is still…
Arthur Hayes predicts Bitcoin may drop to $70,000-$75,000 before surging to $250,000 by 2025’s end, citing central bank policies and $TRUMP meme coin volatility. US Treasury debt reaches $36.22 trillion; Hayes warns of a crisis if 10-year yields hit 5-6%, risking financial instability. Tightened global monetary policies from the US, Japan, and China could cut…
Four months after his prison sentence, Binance founder Changpeng Zhao (CZ) has made his first crypto investment through YZi Labs, backing blockchain platform Sign in a $16 million funding round. Sign will use new funding to help governments integrate blockchain solutions into their economies. The platform’s revenue skyrocketed from $1.7M in 2023 to $15M in…
Following MiCA’s rollout, major crypto exchanges like Crypto.com and Coinbase have delisted USDT and other tokens. While USDT faces challenges in Europe, Circle’s USDC has gained traction due to its MiCA compliance. Tether acknowledges the MiCA regulatory framework’s role in supporting growth but emphasizes the complexity and risks it presents for EU-licensed stablecoins. USDT stablecoin…