Author: James Wilson
Chainlink price fell 6% to $8.55 on Thursday as crypto investors remained concerned over a potential escalation in the U.S.–Iran war. Summary Chainlink price fell around 6% to near $8.5 as broader crypto markets declined amid escalating U.S.–Iran tensions. Whale accumulation intensified, with large holders withdrawing up to 26,000 LINK daily, reducing exchange supply and signaling long-term confidence. Technical indicators point to a potential rebound toward $10, though short-term downside risk to $8 remains amid macro uncertainty. According to data from crypto.news, Chainlink (LINK) price fell 6% to $8.50 on Thursday as the crypto market fell, reacting to news of…
Alabama has become the second state in the United States to grant legal status to decentralized autonomous organizations under the Decentralized Unincorporated Nonprofit Association Act. Summary Alabama granted legal status to decentralized autonomous organizations under the DUNA Act, becoming the second US state after Wyoming to do so. The law provides DAOs with legal recognition and limited liability protections, allowing them to operate, contract, and hold assets within a defined legal framework. The DUNA Act, introduced in February by Republican Senator Lance Bell, provides legal recognition and limited liability protections to DAOs after passing 82-7 with 16 abstentions on March…
Former FTX head of engineering Nishad Singh has agreed to pay a $3.7 million fine to resolve his case with the US commodities regulator. Summary Nishad Singh agreed to pay $3.7 million in disgorgement to settle CFTC charges tied to FTX’s collapse and misuse of customer funds. The settlement includes a five-year trading ban and an eight-year registration ban, with regulators citing his cooperation in limiting further penalties. Singh will pay a disgorgement of $3.7 million as part of a supplemental consent order for his role in the collapse of FTX and the misappropriation of user funds, according to an…
A key figure allegedly behind the Huione network has been extradited to China, where he will face fraud and money laundering charges. Summary Li Xiong, linked to the Huione network, has been extradited from Cambodia to China to face fraud and money laundering charges. Authorities have tied Huione Group to a vast illicit marketplace that processed over $89 billion in crypto tied to scam operations across Asia. Despite U.S. enforcement actions, including FinCEN restrictions, the network has continued operating through new domains and active Telegram channels. A report from Hong Kong-based news outlet Ta Kung Wen Wei noted that Li…
The crypto market has started tanking once again, dropping 2.6% to 2.37 trillion as US President Donald Trump announced that the U.S. campaign against Iran would be entering a final phase over the coming weeks to end the conflict once and for all. Summary Crypto market fell 2.6% to $2.37 trillion as escalating U.S.–Iran tensions triggered risk-off sentiment across global markets. Rising oil prices above $100 fueled inflation fears, reducing expectations of Fed rate cuts and adding pressure on risk assets. Bitcoin (BTC), the world’s largest crypto asset, fell over 4% to $66,250 amid souring market sentiment over a potential…
Bitcoin price drifted closer to a key support zone near $65,000 after Donald Trump signaled that military action in the Middle East is set to continue over the coming weeks. Summary Bitcoin slipped toward the $65,000 support zone after Trump signaled continued military action in the Middle East. Oil prices climbed back above $100, adding pressure on risk assets as traders reacted to renewed geopolitical tensions. Addressing the nation from the White House on Wednesday, Trump said U.S. forces are nearing the final stages of “Operation Epic Fury,” describing it as a campaign that has already crippled large parts of…
The U.S. Treasury has proposed its first set of rules to implement the GENIUS Act and has opened a 60-day public comment period to define how stablecoin oversight can be handled at the state level. Summary U.S. Treasury has proposed initial rules under the GENIUS Act, opening a 60-day consultation to define when state oversight of stablecoins is permitted. Issuers with less than $10 billion in circulation may fall under state supervision if frameworks meet federal standards, with strict reserve, disclosure, and compliance requirements in place. Under the proposal, issuers with less than $10 billion in circulating stablecoins may operate…
SpaceX has reportedly filed confidential IPO papers with the SEC, eyeing a June 2026 listing at over $1.75T and up to $75B raised after its $1.25T xAI merger valuation. Summary Elon Musk’s SpaceX has reportedly submitted a confidential IPO registration to the SEC, targeting a valuation above $1.75 trillion and a June 2026 listing. The listing could raise as much as $75 billion, eclipsing Saudi Aramco’s $29.4 billion offering, the current record for funds raised in an IPO. SpaceX’s recent $1.25 trillion valuation following its acquisition of Musk’s AI venture xAI positions it as the world’s most valuable private company…
eToro has secured a New York BitLicense and money transmission license, reopening crypto trading to New Yorkers and extending its US coverage to 48 states after a 2024 SEC settlement. Summary eToro has secured both a New York BitLicense and a money transmission license, opening its crypto platform to residents of New York. The approvals mean eToro now offers cryptocurrency trading in 48 US states, following a $1.5 million settlement with the SEC in 2024. The company calls New York “the heart of the financial markets” and frames the move as a strategic milestone in its US expansion. Online brokerage…
Ripple’s Digital Asset Accounts and Unified Treasury let corporates manage fiat, RLUSD, XRP and other tokens inside existing treasury systems, targeting on‑chain cash and stablecoin demand. Summary Ripple has launched Digital Asset Accounts and Unified Treasury, a crypto fund-management stack for corporate finance teams. The platform lets enterprises manage fiat, RLUSD and XRP alongside other digital assets within existing treasury workflows. The launch builds on Ripple’s acquisition of GTreasury and targets rising demand for on-chain cash and stablecoins in corporate treasury. Ripple has unveiled an enterprise-grade cryptocurrency fund-management system designed to let corporate finance teams manage fiat and digital assets…