Ex-Coinbase Lawyer Announces Run for New York Attorney General, Citing Crypto Policy
Former Coinbase policy counsel Khurram Dara has officially launched a campaign to challenge incumbent New York Attorney General Letitia James in the 2026 election, running as a Republican. Dara, who previously led regulatory and policy work at Bain Capital Crypto and held positions at Fluidity and Airswap, argues that James has waged "lawfare" against the crypto sector, citing lawsuits against firms such as Genesis, KuCoin and NovaTech. The race is expected to be competitive in the Republican primary, and the AG’s office holds significant discretion over future crypto enforcement actions in the state. Dara’s candidacy joins other crypto‑aligned challengers, including former XRP‑holder advocate John Deaton, who is also seeking a high‑profile office as a Republican.
Bitcoin ASIC Producer Bitmain Under US Investigation over National Security Risks: Report
U.S. authorities have opened a federal probe, dubbed “Operation Red Sunset,” into Chinese Bitcoin mining hardware maker Bitmain over concerns that its ASICs could be remotely controlled for espionage or sabotage of the power grid. The investigation, led by the...
Bitcoin Drops as Yen Falls, Canada Approves Stablecoin Rules: Global Express
Japan approved a ¥21.3 trillion ($135 billion) stimulus package aimed at easing inflation, prompting concerns that increased bond issuance will further weaken the yen and could force the Bank of Japan toward a rate hike, pressuring Bitcoin lower. Meanwhile, the crypto‑themed PubKey...
Can Bitcoin Really Be a Store of Value? What Pension Funds Are Starting to Discover
Pension funds are beginning to treat Bitcoin as a potential store‑of‑value asset, citing its capped 21 million supply, global 24‑hour liquidity and digital durability that parallel gold’s traditional attributes. While regulators, volatility, cybersecurity and limited performance history remain concerns, funds such...
Winklevoss Twins Bet on Zcash, Privacy to Combat AI Threat
The Winklevoss twins announced the launch of Cypherpunk, a digital‑asset treasury (DAT) that has raised $100 million to acquire Zcash (ZEC) and aims to hold up to 5 % of the circulating supply, currently owning 233,644 ZEC. They argue that the rapid...
APriori Denies Insider Role as Mysterious Entity Claims Most of APR Airdrop
Web3 startup aPriori said it had no involvement in a suspicious airdrop activity in which a single entity claimed roughly 60% of the APR token distribution across 14,000 linked wallets, a pattern identified by analytics firm Bubblemaps as a Sybil‑style...
Memecoin Market Sinks to 2025 Low as $5B Wiped Out in a Day
The memecoin market plunged to its lowest valuation since early 2025, with combined market cap falling to $39.4 billion—a $5 billion loss in 24 hours and a 66.2% drawdown from the Jan. 5 peak of $116.7 billion. The sell‑off occurred despite a 40% surge in...
SoftBank’s PayPay Changes the Game for Binance Japan Users
SoftBank-owned PayPay is integrating its PayPay Money e‑money service with Binance Japan, allowing users to fund crypto purchases and withdraw crypto directly to PayPay Money with a minimum transfer of 1,000 yen. The integration follows PayPay’s 40% stake acquisition in...
Bitcoiners Lose Their Mind After Scott Bessent Walks Into a Bitcoin Bar
U.S. Treasury Secretary Scott Bessent made an unannounced appearance at the opening of Pubkey, Washington’s first Bitcoin‑themed bar, prompting enthusiastic reactions from the crypto community. Bessent, viewed as crypto‑friendly after supporting recent digital‑asset legislation and exploring a strategic Bitcoin reserve,...
Bitcoin Won’t Hit $200K Until Q3 2029: Veteran Trader Peter Brandt
Veteran trader Peter Brandt warned that Bitcoin is unlikely to reach $200,000 before the end of 2024, projecting the next bull market to push the cryptocurrency to that level around Q3 2029. His timeline contrasts sharply with more aggressive forecasts from...
Tom Lee Speculates Wounded Market Makers Behind Crypto Crunch
Tom Lee, chairman of BitMine and co‑founder of Fundstrat, told CNBC that the recent crypto market slump is likely driven by balance‑sheet holes at market makers that were exposed by the Oct. 10 crash, which liquidated roughly $20 billion. He said the...
Ex-Prosecutor Denies Promising Not to Charge FTX Executive's Partner
U.S. attorney Danielle Sassoon testified that her team would likely cease investigating former FTX Digital Markets co‑CEO Ryan Salame if he pleaded guilty, a statement she made during an evidentiary hearing in the Southern District of New York. Salame received...
SEC to Hold Privacy and Financial Surveillance Roundtable in December
The U.S. Securities and Exchange Commission’s Crypto Task Force has scheduled a privacy and financial surveillance roundtable for Dec. 15, bringing together crypto executives and regulators to discuss industry pain points without committing to policy changes. The meeting comes amid...
AI Hedge Fund Numerai Wins Backing From Top University Endowments, Token Soars
AI‑driven hedge fund Numeri raised a $30 million Series C led by top university endowments, pushing its valuation to $500 million—five times its 2023 level. The round brought its assets under management to $550 million, up from $60 million three years ago, and its Meta...
Bitcoin for Taxes? Proposed Bill Would Let Americans Pay the IRS in BTC
Representative Warren Davidson (R‑OH) introduced the Bitcoin for America Act, which would let U.S. taxpayers settle federal taxes with Bitcoin. Payments made in BTC would be exempt from capital‑gains tax and would be deposited into a newly created Strategic Bitcoin...
Coinbase Launches ETH-Backed Loans as Onchain Lending Tops $1.25B
Coinbase has introduced Ether‑backed loans for U.S. customers, letting users borrow up to $1 million in USDC against their ETH holdings on the Base network, with rates that vary based on market conditions. The product, built with DeFi protocol Morpho, joins...
India’s Government May Consider Stablecoin Framework, Diverging From RBI
India’s finance ministry is set to propose a regulatory framework for stablecoins in its upcoming annual report, signaling a potential shift from the Reserve Bank of India’s cautious stance on crypto assets. RBI Governor Sanjay Malhotra reiterated the central bank’s...
Bitcoin Downtrend Accelerates, but Traders Eye Short Liquidity at $100K
Bitcoin has broken below the $90,000 support level, accelerating its downtrend as price action slides toward the $80,000 range. Technical charts show bearish momentum, with the next key resistance zone identified between $98,000 and $100,000, where short sellers are expected...
SEC Enforcement Actions Dropped 30% Under Paul Atkins: Report
A Cornerstone Research report shows that SEC enforcement actions fell about 30% in fiscal 2025 under Chair Paul Atkins compared with fiscal 2024, continuing a pattern of declines after leadership changes from Gary Gensler. The drop includes fewer crypto-related investigations,...
Aztec Launches Decentralized and Private Ethereum L2 on Mainnet, Almost
Ethereum layer‑2 Aztec launched its "Ignition" mainnet on Wednesday, delivering a fully decentralized consensus chain that can produce blocks but currently lacks the smart‑contract execution layer. The network is the first community‑launched L2, with the Aztec Foundation, core team and...
21Shares Lists Six More Crypto ETPs in Europe: Aave, Cardano and More
21Shares announced the cross‑listing of six new crypto exchange‑traded products (ETPs) on Nasdaq Stockholm, adding Aave, Cardano, Chainlink, Polkadot and two basket funds to its portfolio and bringing its total Stockholm offerings to 16. The move follows the launch of...
Bitcoin Whale Owen Gunden Dumps Entire $1.3B Stack as Institutions Tighten Grip
Early Bitcoin investor Owen Gunden liquidated his entire on‑chain holding, moving the last 2,499 BTC – valued at about $228 million – to Kraken and completing sales of roughly 11,000 BTC worth $1.3 billion since October 2021. The dump comes as retail...
Samourai Sentences Cement DOJ’s Money Transmitter Theory for Crypto Mixers
Co‑founders of the privacy‑focused Samourai Wallet, Keonne Rodriguez and William Lonergan Hill, were sentenced to four and five years in federal prison for operating an unlicensed money‑transmission business and facilitating illicit crypto transactions through the wallet’s Whirlpool CoinJoin mixer. The...
BitMine Sits on $3.7B Loss as DAT ‘Hotel California’ Meets BlackRock’s Staked ETH ETF
BitMine Immersion Technologies, the largest corporate holder of Ether, now faces a $3.7 billion paper loss as its ETH cost basis of $4,051 per token sits $1,000 below current prices, pushing its market‑adjusted NAV (mNAV) below 1 (0.77 basic, 0.92 diluted)....
Singapore’s ‘Finance-Savvy’ Retail Prefers Trust over Low Fees: Survey
A joint MoneyHero‑Coinbase survey of 3,513 Singaporean retail investors finds that 61% of finance‑savvy participants now hold cryptocurrency, with trust in regulated platforms outweighing low fees as the primary exchange selection criterion. The respondents are predominantly long‑term holders—58% identify as...
Bitcoin Core Wins Rare Praise as Independent Audit Finds No Serious Flaws
Bitcoin Core completed its first independent security audit, which concluded that the software contains no serious vulnerabilities. Reviewers highlighted the project's robust security architecture, extensive testing regime, and overall code maturity. The audit, conducted by a reputable third‑party firm, marks...
MEXC Taps Hacken for Proof-of-Reserves Audits to Boost Transparency
MEXC has expanded its partnership with blockchain security firm Hacken to launch monthly, independently verified Proof‑of‑Reserves (PoR) audits, with reports to be published by Hacken without MEXC review starting in late November. The audits will compare MEXC’s on‑chain reserves against...
WLFI’s ‘Community Governed’ Image Strained as Trump-Backed Project Freezes Wallets
World Liberty Financial (WLFI), a Trump‑family‑backed crypto platform that markets itself as community‑governed, announced it will reallocate assets from wallets compromised in a September phishing attack. The hack exposed seed phrases of 272 wallets, of which 215 were linked to...
Cathie Wood’s ARK Loads up on Circle, BitMine, Bullish as Crypto Stocks Slide
Cathie Wood’s ARK Invest increased its crypto‑related exposure on Wednesday, buying roughly $39 million of shares in Bullish, Circle Internet Group and BitMine across its ARKF, ARKW and ARKK ETFs. The ARK Innovation ETF alone purchased 322,917 Bullish shares ($16.8 million), 150,518...
Bitwise XRP ETF to Launch Thursday, but Community Questions Ticker
Bitwise Asset Management announced that its spot XRP exchange‑traded fund will debut on the New York Stock Exchange Thursday under the ticker “XRP.” The ticker choice sparked debate on X, with some users warning it could be confused with the...
1 in 3 Young Investors Switched Advisers over Crypto Access: Survey
A Zerohash survey of 500 U.S. investors aged 18‑40 found that 35% have moved assets away from wealth advisers who do not provide crypto access, with most movers earning $100,000‑$1 million and shifting $250,000‑$1 million each. Over 80% say institutional adoption by...
Cloudflare Outage Shows Why Crypto Needs End-to-End Decentralization
A recent Cloudflare outage temporarily disabled access to several blockchain-based platforms, highlighting the reliance of many decentralized applications on Web2 infrastructure for front‑end delivery and data storage. While the underlying blockchains remained operational, services such as EthStorage and other crypto...
Bitcoin Whale Activity on Track for Its Biggest Week This Year: Analysts
Analysts at Santiment say Bitcoin whale activity is on track to become the most active week of 2025 as the cryptocurrency slipped below $90,000 for the first time in seven months, recording over 102,000 transactions above $100,000 and 29,000 above...
Warning: WhatsApp Worm Targets Brazilian Crypto Wallets, Bank Accounts
Trustwave’s SpiderLabs has uncovered a new WhatsApp‑based malware campaign targeting Brazilian crypto holders and bank customers. The attack delivers a worm that hijacks the victim’s WhatsApp account and a banking trojan called “Eternidade Stealer,” which silently installs a stealer that...
XRP Price at Risk of a 25% Drop to $1.55: Here Is Why
XRP is trading within a descending triangle on the eight‑hour chart and broke the flat support at $2.20, opening the path for a measured drop to $1.55, roughly a 25% decline from current levels. A bearish divergence on the weekly...
Advocacy Group Proposes DeFi Solutions to Address Global Poverty
The DeFi Education Fund, an advocacy group for decentralized finance, argues that DeFi could cut remittance and other financial service costs for the unbanked and underbanked by up to 80%, potentially saving about $30 billion a year worldwide. The group highlights...
10-Year Bitcoin Model Approves Buying BTC at $100K Since Time Does ‘the Heavy Lifting’
A 10‑year power‑law model of Bitcoin, cited by researcher Sminston With, shows that a $100,000 investment would yield roughly 300% returns over a decade regardless of whether the entry price is 20% above, at, or below the current $94,000 level, even...
US Government Reopening May Unleash Crypto ETF Floodgates: Analyst
Analyst Matt Hougan of Bitwise predicts that the end of the U.S. government shutdown will trigger a wave of crypto exchange‑traded fund (ETF) approvals in 2026, potentially exceeding 100 new launches, with a particular focus on index‑based products. He cites...
Crypto Exchange Kraken Submits Confidential US IPO Filing
Kraken, the Wyoming‑based cryptocurrency exchange, filed a confidential Form S‑1 with the SEC to initiate a potential initial public offering of its common stock, confirming months of industry speculation. The filing follows a recent interview in which co‑CEO Arjun Sethi downplayed...
Why Kohaku Is Central to Ethereum’s 2025 Privacy Shift
At Devcon 2025, Vitalik Buterin unveiled Kohaku, an open‑source privacy and security toolkit aimed at Ethereum wallets. The framework provides a modular SDK and a reference browser‑extension wallet that integrates existing zk‑SNARK mixers, supports private and public modes, multi‑key risk‑based...
HSBC to Bring Tokenized Deposits to US and UAE as Stablecoin Race Heats Up
HSBC announced it will launch its Tokenized Deposit Service (TDS) for corporate clients in the United States and the United Arab Emirates in the first half of 2026, extending a program that began in Hong Kong and has since rolled...
Kenya’s New Crypto Law Faces Stress Test as Bitcoin ATMs Appear in Malls
Kenya’s Virtual Assets Service Providers (VASP) Act, which took effect on Nov. 4, 2025, has sparked a regulatory showdown as Bitcoin ATMs branded “Bankless Bitcoin” appeared in several major Nairobi malls. The Central Bank of Kenya and the Capital Markets Authority...
Aster Drops ‘Machi Mode’ to Reward Getting Rekt as Machi Leads Liquidations
Decentralized exchange Aster is launching “Machi mode,” a feature that awards points to traders who get liquidated, a nod to high‑risk trader Machi Big Brother who has logged 71 liquidations since November. The mode will go live next week and taps into...
New Hampshire Approves First-of-Its-Kind $100M Bitcoin-Backed Municipal Bond
New Hampshire’s Business Finance Authority approved a $100 million taxable conduit revenue bond that is collateralized by Bitcoin, marking the first such municipal‑level structure in the United States. The bond, issued to WaveRose Depositor, LLC, will be over‑collateralized at roughly 160 %...
Ondo Wins Liechtenstein Approval to Offer Tokenized Stocks in Europe
US‑based tokenization platform Ondo Global Markets has secured approval from the Liechtenstein Financial Market Authority to launch tokenized stocks and ETFs across the European Economic Area, covering 30 countries and over 500 million investors. The approval leverages Liechtenstein’s passporting regime under...
Senators Warn Trump-Linked Crypto Firm May Pose National Security Threat
Democratic senators Elizabeth Warren and Jack Reed have urged the Justice Department and Treasury to investigate World Liberty Financial (WLFI), a crypto firm co‑founded by Donald Trump and his sons, over alleged sales of its governance tokens to wallets linked...
Coinbase Working on Prediction Markets Website, Tech Researcher Says
Tech researcher Jane Manchun Wong posted screenshots indicating that Coinbase is developing a prediction‑markets website under its Coinbase Financial Markets division, leveraging the existing Kalshi platform. The proposed service would allow users to trade USDC‑ or USD‑denominated event contracts across...
Saylor Shrugs Off Suggestion Wall Street ‘Hurt’ Bitcoin Amid Latest Crash
Strategy executive chairman Michael Saylor dismissed concerns that Wall Street’s entry has harmed Bitcoin, noting that volatility has fallen from about 80% annualized in 2020 to roughly 50% today despite a recent 12% price drop to $91,616. He predicts Bitcoin’s...
Senator Tim Scott Pushes for December Vote on Crypto Market Bill
Senate Banking Committee Chair Tim Scott said the committee aims to mark up a crypto market‑structure bill in December, targeting a Senate floor vote early next year and a signature by President Donald Trump. The bill would align the Senate’s...
US Won’t Start Bitcoin Reserve Until Other Countries Do: Mike Alfred
Crypto entrepreneur Mike Alfred told the Coin Stories podcast that the United States will only begin adding Bitcoin to its strategic reserve once other nations have already taken steps, citing "enough pressure externally" as the trigger. He noted that the...