Hong Kong Charges 16 in Alleged $205M JPEX Crypto Fraud as Interpol Hunts 3 More Suspects
Hong Kong prosecutors have charged 16 individuals, including former lawyer and influencer Joseph Lam, in connection with the JPEX cryptocurrency fraud that allegedly defrauded more than 2,700 investors of HK$1.6 billion ($205.8 million), making it the city’s largest financial fraud on record. Interpol issued red notices for three fugitives believed to have orchestrated the scheme, and authorities have seized HK$228 million while applying anti‑money‑laundering laws to a crypto case for the first time. The case has prompted Chief Executive John Lee to call for greater public education and a licensing regime for crypto exchanges, with the accused slated to appear in Eastern Court soon.
This Bitcoin Price Pattern Has Emerged 3 Times Since Late 2023, Triggering Corrections
Bitcoin slipped below $100,000 on Tuesday, touching $98,951 and testing the 365‑day simple moving average ($102,055) and exponential moving average ($99,924) that have acted as support in the current bull cycle. The dip marks the third notable profit‑taking wave by...
Adam Back and Switzerland’s FUTURE Secure 28M Swiss Francs to Build Bitcoin Treasury
Future Holdings AG, a Zurich‑based Bitcoin treasury firm, secured CHF 28 million ($35 million) in a funding round led by Fulgur Ventures, Nakamoto and TOBAM. The capital will expand its balance‑sheet‑driven model that combines BTC treasury management, analytics, secure infrastructure and advisory services,...
Bitcoin at Make or Break Level as China Suspends 24% Tariff on U.S. Goods
Bitcoin is hovering near its 50‑week simple moving average around $102,900, a historically strong support level that has propelled three prior rallies in its three‑year uptrend. China announced it will suspend the 24% additional tariff on U.S. goods for a...
Biggest Loser of NYC Election Polymarket Contract Is Down Almost $1M Betting Against Mamdani
Polymarket’s New York City mayoral election contract recorded a record $424 million in betting volume as Zohran Mamdani defeated Andrew Cuomo. Trader “fuxfux007,” a newcomer with only two positions, lost $969,169 betting against Mamdani, while “debased” netted $188,487 on the winning side....
Animoca Brands' Public Market Ambition Aims at Providing Crypto Access to 'Billions'
Animoca Brands announced a plan to list on Nasdaq through a reverse merger with Currenc Group, targeting a late‑2026 debut pending regulatory and shareholder approvals. The combined entity will launch an altcoin index vehicle that offers institutional and retail investors...
Ether's 20% Freefall Triggers $1B Liquidation Cascade as Crypto Losses Accelerate
Ether plunged more than 20% over two days, sliding from just under $4,000 to around $3,250 and triggering roughly $970 million in liquidations of leveraged long positions. The sell‑off exhausted the buying capacity of BitMine, the largest ETH treasury, which holds...
Ripple's Stablecoin Hits $1B Milestone; Company President Discusses M&A Strategy to Fuel Growth
Ripple's RLUSD stablecoin surpassed $1 billion in market capitalization within a year of its December 2024 launch, making it the 10th‑largest U.S. dollar‑backed stablecoin. The token, issued by Ripple’s regulated subsidiary Standard Custody & Trust, splits its supply between Ethereum ($819 million)...
XRP Ledger’s Dual Utility Could Make It a Breakout ETF Play, Experts Argue
XRP Ledger’s dual functionality—supporting both value transfer (XRP) and payments via RLUSD on a single ledger—was highlighted by Bitnomial CEO Luke Hoersten as a structural advantage for a spot XRP ETF. Bitwise and Canary Capital have filed no‑delay amendments that...
Appeals Court Seems Unmoved by Sam Bankman-Fried’s Claims of an Unfair Trial
A three‑judge panel of the U.S. Court of Appeals for the Second Circuit expressed skepticism toward Sam Bankman‑Fried’s bid for a new trial, questioning his claim that FTX was solvent at the time of its 2022 bankruptcy. His lawyer, Alexandra...
Coinbase Faces Flak From Traditional Bankers on Its Push for Trust Bank Charter
Coinbase’s request for a U.S. federal trust charter has been met with a formal objection from the Independent Community Bankers of America, which argues the exchange fails multiple statutory standards, lacks sound risk controls and may not be profitable in...
Chainlink's LINK Tumbles 6% as Technical Breakdown Trumps UBS, FTSE Partnership
Chainlink’s native token LINK fell 6% to $14.59, breaking the key $15.26 support level on a volume surge of 57.8% above its seven‑day average. The decline unfolded despite high‑profile institutional news, including UBS’s world‑first tokenized fund transaction using Chainlink’s Digital...
DOGE Prints Lower-Low Sequence as $0.17 Resistance Locks In
Dogecoin slid 6.7% to $0.1605, breaking the key $0.17 resistance level as large‑holder selling intensified. Trading volume spiked 76% above the weekly average, highlighted by a 59 million DOGE sell‑off that pushed the price to a low of $0.1600. Technical analysis...
Nasdaq CEO Adena Friedman Outlines 3 Ways Blockchain Can Fix Finance
Nasdaq chief executive Adena Friedman told a Swell conference that blockchain can reshape finance in three ways – by streamlining fragmented post‑trade settlement, by enabling faster, cross‑border collateral mobility, and by modernizing sluggish payment infrastructure. She warned that large amounts...
Bitcoin Careens Toward $100K as Morning Bounce Fails
Bitcoin slid to $104,608, breaching the $102,000 mark and marking its weakest level since late June, down 4.5% in 24 hours and 11.8% over the past week. Ethereum and other major tokens fell 5‑7% each, while crypto‑related equities such as...
Chainlink Introduces CRE to Fast-Track Institutional Tokenization
Chainlink has launched the Chainlink Runtime Environment (CRE), a software platform that lets institutions write and deploy smart contracts across public and private blockchains with built‑in compliance, privacy and data‑integration tools. The company cites adoption by Swift, Euroclear, UBS and...
Olas Launches Pearl V1, the First 'AI Agent App Store'
Olas unveiled Pearl v1, the first decentralized “AI agent app store,” allowing users to own and control autonomous AI agents with on‑chain transparency while using familiar Web2 logins and card funding. The platform blends Web2 ease of access with Web3...
HBAR Drops 4.2% to $0.173 as ETF Buzz Fades on Technical Selling
HBAR slipped 4.2% to $0.173, breaking the $0.1740 support level as volume surged 28.7% above its weekly average. The sell‑off created a classic downtrend pattern with lower highs and lower lows, while resistance held around $0.1783. The price move came...
Toncoin Falls Below $2 as Broader Market Conditions Weigh on Price
Toncoin (TON) slipped below $2, trading at $1.96 after a 5.5% drop in the past 24 hours, driven by an 89% surge in volume and more than $1.4 billion of long‑position liquidations across the crypto market. The sell‑off pushed TON through...
Stellar’s XLM Slides 7.7% as Key Support Break Sparks Heavy Sell-Off
Stellar’s XLM tumbled 7.7% in 24 hours, sliding from $0.2945 to $0.2728 after breaching the critical $0.2800 support level on Nov 3. The breakdown sparked a volume surge of 483%—about 262.9 million tokens—while resistance at $0.2857 held firm and new support around $0.2720‑$0.2740...
U.S. Sanctions North Korean Bankers Over Crypto Laundering Tied to Cyberattacks
The U.S. Treasury’s Office of Foreign Assets Control sanctioned eight North Korean individuals and two entities on Tuesday for laundering cryptocurrency proceeds from ransomware, crypto thefts and fraudulent IT‑worker schemes that fund Pyongyang’s weapons programs. The designations include bankers Jang...
Bitcoin Treasury Firm Bubble Comes Full Circle as Sequans Unloads BTC to Cut Debt
Sequans (SQNS) sold 970 Bitcoin at $104,608.94 each to redeem half of its July 2025 convertible debt, slashing total liabilities from $189 million to $94.5 million and cutting its debt‑to‑net‑asset‑value ratio from 55% to 39%. The sale leaves the Paris‑based firm with 2,264 BTC,...
BNB Drops Below $950 as Market Sell-Off Deepens, Privacy Coins Surge
BNB slumped 7.8% to $940, breaking key support at $980 and $940 amid a 72% surge in trading volume that points to large‑holder sell‑offs. The drop followed a failed breakout above $1,020 and coincided with a broader market downturn that...
Cleaning Up Crypto ATMs Isn’t Anti-Crypto
Iowa Attorney General Brenna Bird sued crypto‑ATM operators CoinFlip and Bitcoin Depot, underscoring growing consumer‑protection concerns about the devices. Law‑enforcement agencies and state attorneys general, from DC’s Brian Schwalb to Arizona’s Kris Mayes, have targeted operators such as Athena Bitcoin, while the FBI estimates...
MARA Holdings Outlines AI and Energy Shift with MPLX LOI; Q3 Results Impress
MARA Holdings and MPLX signed a letter of intent to build integrated power‑generation and data‑center campuses in West Texas, beginning with a 400 MW gas‑fired facility that can scale to 1.5 GW, with MPLX supplying natural gas from its Delaware Basin plants....
Wall Street's Biggest IREN Bull Hiked Price Target to $142 After $9.7B Microsoft AI Deal
Wall Street analysts have sharply raised price targets for IREN after the bitcoin miner secured a $9.7 billion AI infrastructure deal with Microsoft to provide 200 MW of data‑center capacity. Cantor Fitzgerald’s Brett Knoblauch lifted his target to $142 from $100, Bernstein to...
UBS, Chainlink Execute First Onchain Tokenized Fund Redemption in $100T Market
The transaction involved the tokenized UBS USD Money Market Investment Fund Token (uMINT) on Ethereum, with DigiFT as the onchain distributor.
Bitcoin Nears Lowest Since June as U.S. Government Shutdown Hits Joint Longest
Bitcoin is sliding toward $103,000, its lowest level since late June and about 20% below the October 6 record high of $126,500. The dip coincides with the U.S. Dollar Index breaking above 100 for the first time since August, a...
Strategy Introduces a Euro-Denominated Preferred Stock Stream, Following Q3 Earnings
MicroStrategy (MSTR) has launched a euro‑denominated perpetual preferred security, Stream (STRE), shortly after its Q3 earnings, issuing shares at €100 with a 10% annual dividend payable quarterly. The non‑voting instrument is listed on the Euro MTF Luxembourg and targets professional...
Bitcoin’s Last Support Before $100K Breaks as 'Mag 7' Skew Flips, Oracle CDS Surges
Bitcoin slipped below the $106,000 support level, exposing the cryptocurrency to a test of the $100,000‑$101,000 zone and a possible deeper decline toward $94,000 or the $85,000 “maximum‑pain” area. At the same time, the put‑call skew for the Magnificent 7 tech...
Bitcoin, Ether, Solana Traders Liquidated for Over $1B as Prices Dump 5-10%
Bitcoin’s price slipped from $112,000 to below $106,000, sparking more than $1.27 billion in leveraged futures liquidations across crypto markets, with long positions accounting for roughly 90% of the wipes and $1.14 billion of bullish bets erased. The biggest single loss was...
Dogecoin Plunges 8% as Price Action Points to Brief Technical Bounces
Dogecoin slumped 8% to $0.1697 on Tuesday as whales dumped roughly $440 million worth of tokens, pushing 24‑hour volume to 3.37 billion tokens – about 426% above its daily average. The price broke through the $0.18 support zone, confirming sustained institutional selling...
XRP Triangle Tightens as Token Falls 6%, Watch This Price Level For Further Breakdown
XRP rose 2.75% to $2.34 on Monday but lagged the broader crypto market, with 24‑hour volume 6% below its seven‑day average, indicating cautious accumulation. The token found resistance at $2.44 and established a support base around $2.33, while traders eye...
Asia Morning Briefing: BTC Tests Its Floor as Legacy Sellers Meet Macro Rotation
Bitcoin steadied around $106,500 in Asian trading, keeping above the $100,000 support despite a month‑long slide that erased roughly 13% of its value. Market makers are split on the cause: Enflux cites a macro‑driven rotation of liquidity back into equities,...
Solana's SOL Bleeds Nearly 20% Since ETF Debut Despite 'Very Solid' Inflows
Solana’s native token slid almost 20% in a week, falling from a $205 peak to about $165, even as the debut of U.S. spot Solana ETFs attracted strong investor demand. Exchange‑traded products linked to SOL recorded their second‑strongest weekly...
Ripple Acquires Crypto Wallet Firm Palisade to Expand Institutional Payments Business
Ripple announced the acquisition of Palisade, a wallet‑as‑a‑service and custody firm, to embed fast, multi‑chain wallet technology into its Ripple Custody platform for banks, fintechs and corporate treasuries. The deal adds high‑speed, instantly deployable wallets that can handle on‑ and...
SUI Token Drops 9% as Institutional Selling Hits Harder Than Broader Crypto Market
SUI token plunged 9% to $2.10 in the past 24 hours, lagging the broader crypto market by roughly 5%. Trading volume surged more than 600% above its 7‑day average as the price broke key support at $2.16, a pattern consistent...
Chainlink Drops 10% Amid Crypto Selloff; New Rewards Program Unveiled
Chainlink’s LINK token slumped more than 10% on Monday, sinking to $15—the weakest level since the October 10 flash crash—and broke key support around $15.25 as trading volume surged 674% to over 12 million tokens in a 30‑minute window. CoinDesk’s technical model...
Stellar Holds the Line at $0.277 as Buyers Defend Key Support Zone
Stellar (XLM) steadied at the critical $0.277 support level after a sharp 5.5% sell‑off, then rallied 3.74% to $0.285 on elevated trading volume. Volume spiked 887% during the breakdown before normalizing, while smart‑contract activity on the network jumped 700% and...
ICP Slides 5.5% as Bulls Lose Momentum After Volatile Session
ICP fell 5.48% to $3.77 after a weekend rally that peaked near $4.30, with trading volume surging 70% above its 24‑hour average to 8.7 million tokens. The token failed to hold above the $4.20 resistance, leaving key support at $3.70 and...
Hedera’s HBAR Slides 5% as $0.19 Support Crumbles, Traders Eye Technical Reversal
Hedera’s HBAR token dropped 5% in 24 hours, sliding from $0.1932 to $0.1835 after breaching the key $0.1900 support level. The move was accompanied by an 86% surge in trading volume, peaking at 114.18 million tokens as sellers rejected the $0.1951...
BONK Tumbles as Meme Token Breaks Support, Tests Key Lows
BONK, the Solana‑based meme token, slid 11.2% to $0.00001232, breaching a key support level at $0.0000137. Trading volume spiked 46% above its daily average, with a brief 5.3% rebound to $0.00001309 before losing momentum. The token now faces resistance near...
Polkadot Slumps as Bears Break Key Support at $2.87
Polkadot (DOT) fell 12% on Monday, dropping to $2.56 after a 5.49‑million‑token sell‑off shattered the $2.87 support level. Institutional‑sized orders triggered extreme volatility, pushing the price from a session high of $2.99 to the low of $2.56. The broader crypto...
Bitcoin Slides Below $106K as Cryptos Tumble, Nearing October Crash Lows
Bitcoin slipped below $106,000 on Monday, dropping more than 4% in 24 hours and extending an 8% weekly decline, while major altcoins such as Ether and Solana fell 6%‑10%. The sell‑off triggered over $1 billion in leveraged position liquidations across digital...
Strive Proposes High-Yield Preferred Stock to Expand Bitcoin Holdings
Strive (ASST) announced a $95‑$105 per‑share offering of 1.25 million Series A Variable Rate Perpetual Preferred Shares, dubbed SATA, to fund additional Bitcoin purchases. The preferred stock carries an initial 12 % annual dividend paid monthly, with a dividend reserve of $12 per...
Toncoin Falls as Nasdaq Flags Rule Violation in $273M Purchase by Major Holder
Toncoin slid more than 5% to $2.165 after Nasdaq reprimanded TON Strategy, the token’s largest public holder, for issuing stock without shareholder approval to fund a $272.7 million purchase of the cryptocurrency. The violation, disclosed in an Oct. 28 SEC filing, was...
AI Payments Startup Kite Debuts Token With $263M Trading Volume in First Two Hours
AI‑powered payments blockchain Kite launched its native token on Monday, achieving a $159 million market cap and $883 million fully diluted valuation within hours. Trading volume surged to $263 million across Binance, Upbit and Bithumb, with $85 million on Binance alone. The token, capped...
Donut Labs Raises $15M Seed Funding to Build AI-Powered Crypto Trading Browser
Donut Labs announced a $15 million seed round, bringing its total financing to $22 million across pre‑seed and seed rounds within six months. The funding, led by BITKRAFT, Makers Fund, Sky9 Capital, Hack VC and others, will be used to develop the Donut...
Strategy’s Bitcoin Engine Hits New Phase With S&P Ratings Nod, Canaccord Says
Strategy (MSTR) secured its first S&P credit rating, a B‑ with a stable outlook, signaling a milestone that could broaden its investor base. The company’s preferred‑equity program has raised $6.7 billion this year, delivering a 26% year‑to‑date bitcoin yield while keeping...
Tharimmune Stock Gains 30%, on $540M Capital Raise to Build Canton Coin Treasury Strategy
Nasdaq‑listed nanocap biotech Tharimmune announced a $540 million private‑placement led by DRW and Liberty City Ventures to fund a canton‑coin‑based treasury strategy, making it the first public company directly backed by the Canton Foundation. The round attracted a mix of crypto‑native...