Bitcoin and Ether may spend more time inside a range before starting a trending move.
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- Global
Experts say BTC and ETH derivatives will be instrumental in integrating crypto to TradFi and sending each to new all-time highs.
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Yesterday, the Supreme Court of the United States issued two important cases which will likely have wide ranging impacts for Bitcoin and crypto. The decisions are National Rifle Association of America v. Vullo (NRA) and Cantero, et al. v. Bank of America, N. A. (Cantero).
In NRA, the Court addressed a critical issue impacting not only traditional advocacy groups but any disfavored, but legal, industry. This ruling draws parallels to Operation Choke Point 2.0, where U.S. regulators have allegedly been targeting crypto businesses through financial exclusion. Moreover, the recent Cantero decision sheds light on how this legal framework might impact Custodia Bank’s appeal against the denial…
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Charlie Shrem, once a rising star in the Bitcoin world, became the first prominent figure to face imprisonment due to his involvement in cryptocurrency. As the founder of BitInstant, one of the earliest and most influential Bitcoin exchanges, Shrem played a pivotal role in the early adoption of Bitcoin. However, his arrest in 2014 for money laundering linked to Silk Road transactions marked a significant turning point.
The Rise of BitInstant
Charlie Shrem discovered Bitcoin during his senior year of college and quickly saw its potential as a revolutionary form of money that promised personal freedom, autonomy, and privacy. In 2011, he co-founded BitInstant with Gareth Nelson, creating a…
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BIGCAP COINS:
- Pepe: Market Cap of $6.4 Billion.
- Bitcoin: Market Cap of $1.3 Trillion.
- Toncoin: Market Cap of $15.4 Billion.
MIDCAP COINS:
- Notcoin: Market Cap of $1.2 Billion.
- Minu: Market Cap of $2.1 Million.
- Retik Finance: Market Cap of $164 Million.
RISING COINS:
- Turbo: Market Cap of $523 Million.
- MAGA: Market Cap of $660 Million.
- Mog Coin: Market Cap of $548 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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Cryptocurrency traders reacted with enthusiasm to the rebound of the Trump-related Maga Memecoin TRUMP/USD following the former President’s conviction.
What Happened: Crypto trader Pastry expressed confidence in the TRUMP token, jokedly writing “If your conviction in your bags isn’t on the verge of delusion, you’re doing it wrong. $TRUMP to $100.”
Another trader, McKenna, highlighted the undercurrent of enthusiasm surrounding TRUMP, stating, “TRUMP is just going to casually send to $1B FDV yet not a single soul on the timeline talking about it. Wild.”
With legal uncertainties reduced, capital flows into Maga Memecoin could increase substantially, according to Sistine Research….
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The cryptocurrency exchange lost 4,502.9 BTC due to a hack of its private key; withdrawals have been temporarily suspended.
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Tether, the powerhouse behind the top stablecoin USDT, has announced a significant investment in Bitdeer, a leading bitcoin miner. The company plans to acquire up to $150 million in Bitdeer shares through a private placement deal involving 18,587,360 Class A ordinary shares, totaling $100 million in proceeds. An additional agreement grants Tether the option to purchase 5 million more shares at $10 each, potentially adding another $50 million to the investment.
This financial infusion from Tether is poised to accelerate Bitdeer’s expansion and innovation, particularly in the development of ASIC-based mining rigs and the expansion of data centers. Following the news, Bitdeer’s share price surged over 4% to $6.08 in pre-market trading, showcasing immediate market confidence.
CryptoQuant CEO highlighted the move as a testament to the growing synergy between stablecoin operations and the broader cryptocurrency mining industry. This investment not only strengthens Tether’s position within the crypto sector but also underscores the potential for stablecoins to foster substantial growth in the cryptocurrency ecosystem.
CertiK Ventures aims to drive on-chain innovation by supporting security-first projects, fostering key partnerships, and making strategic investments.
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The EU’s top financial regulator, ESMA, mandates that banks and investment firms ensure AI tools prioritize client interests, reinforcing accountability under MiFID.
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