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Congress Joins Coinbase in Dispute with SEC Over Regulation

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Coinbase utilized ongoing political developments in the U.S. Congress to strengthen its interlocutory appeal against the SEC. In a court filing dated May 24, Coinbase contended that the SEC attempted to “bypass” the Howey test, a legal standard used to identify securities. The crypto sector and the SEC have long disputed the application of this … Read more

Billions in Illegal Crypto Transactions Exposed in China Despite Crackdown

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Recent developments in China indicate that cryptocurrencies are still being used despite the government’s ban. Chinese police have conducted multiple raids, uncovering illicit transactions worth billions of dollars involving cryptocurrencies. According to a Bloomberg report, in May, Chinese authorities discovered an underground bank involved in illegal transfers amounting to 13.8 billion yuan ($1.9 billion). They … Read more

StarkNet (STRK) Price Drops After Liquidator Transfers to Binance

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Hedge Fund Three Arrows Capital’s liquidator, Teneo, has reportedly transferred 2.18 million STRK tokens, valued at around $2.63 million, to Binance over the past three days. According to a blockchain analytics platform Spot On Chain post on X, Teneo still holds 130 million STRK, estimated to be worth $157 million. Chinese crypto reporter Colin Wu … Read more

Bitcoin ETF Buying Spree Surpasses 12,000 This Week, Fueling Optimism

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New data from HODL15Capital indicates a substantial increase in spot market Bitcoin (BTC) exchange-traded funds (ETFs), with ten consecutive days of inflows amounting to over $1.68 billion. This Week, Bitcoin Acquired by ETFs Reached a Significant Milestone The net inflow hit $252 million on May 24 alone, continuing the previous week’s steady increasing trend. A … Read more

Korean Regulators Face Heat After US Approves Ethereum ETF

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Korean regulators are facing growing pressure to approve cryptocurrency exchange-traded funds (ETFs) following the recent approval of spot Ethereum ETFs by the United States Securities and Exchange Commission (SEC). Local media reports indicate that the SEC’s decision on Ethereum may prompt Seoul’s financial regulators to reconsider their stance on digital assets. The SEC approved Ethereum … Read more

Uniswap Price Hints at Major Breakout After 20% Jump

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Uniswap’s price surged over 20% in the last 24 hours, reaching $10.99, its highest point since early April. The bullish trend suggests that increased buying pressure might drive UNI towards the March high of $15.40.UNI, the native token of the leading decentralized exchange (DEX) platform Uniswap, is potentially one of the top assets to benefit … Read more

XRP on the Verge? Analyst Predicts Major Move After US Crypto Bill

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XRP, the native token of the XRP Ledger, might experience a surge from its current price level around $0.53 following significant developments in the cryptocurrency space. This anticipation stems from recent legislative advancements in the United States, notably the passage of the Financial Innovation and Technology for the 21st Century Act (FIT21) by the US … Read more

$6 Billion Crypto Fraud: UK Woman Sentenced for Laundering Bitcoin

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Jian Wen, a 42-year-old British citizen and former fast-food employee, underwent a dramatic transformation in her life.  Transitioning from the modest confines of an East London Chinese takeaway basement, she ascended to a grand six-bedroom mansion in the suburbs. Her daily tasks shifted from cooking noodles to enjoying extravagant shopping trips at Harrods. Yet, this … Read more

Memecoin Rally Stutters as Whale Dumps $8 Million in PEPE

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A mysterious cryptocurrency whale has made waves in the memecoin market by moving nearly $8 million worth of $PEPE from Binance, withdrawing 592 billion tokens after a recent price surge. On-chain analytics firm Lookonchain suggests that the whale likely purchased the tokens as PEPE’s price spiked.  Recently, PEPE hit new highs, briefly surpassing the $0.000014 … Read more

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