An Australian Senate committee has endorsed a government bill to regulate crypto platforms. It recommends requiring operators of digital asset platforms and custodians to obtain financial services licenses under existing laws.
This step seeks to modernize oversight of the rapidly growing digital assets sector in Australia, addressing regulatory gaps while aligning with global standards.
Cryptocurrency lending platform BlockFills filed for Chapter 11 bankruptcy protection on Sunday, saying it was to protect its business value and “maximize recoveries” for stakeholders.
Blockfills Grapples with Massive Liabilities
The bankruptcy filing will enable BlockFills to undergo restructuring, pursue additional sources of liquidity and recovery, while maintaining transparency and oversight through a court-supervised process.
The Chicago-based firm said that the decision follows “extensive discussions” with investors, clients, creditors, and other stakeholders and is the “most responsible path forward.”
Several BlockFills-related entities filed a…
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‘Not The Time To Go All-In’
Sharing her views in an X post, Chen said the ongoing bear market is not over as liquidity has not fully recovered.
“I’ve said time and again that the $60,000–$70,000 range is a good zone for dollar-cost averaging. But not necessarily the time to go ALL-IN,” Chen stated.
Chen aims to go all-in on Bitcoin at $50,000, where she hopes to buy the full amount of BTC she wants for this cycle.
Chen said it was okay to buy some BTC now, but advised traders not to panic if the price drops 20-30% after buying. She emphasized the importance of “doing your own research,” or DYOR.
Not A Big Deal, Says Woo
Willy Woo, another widely followed cryptocurrency…
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Punters are skeptical that a ban on congressional stock trading will be enacted this year, despite the ongoing conflict‑of‑interest debate.
No Ban This Year?
A Kalshi market on whether members of Congress will be banned from trading stocks before 2027 currently shows just 15% odds in favor. The odds of this happening before Jan. 21, 2029, stood at 57%.
Note that a congressional stock trading ban may still qualify for a “Yes” if lawmakers are permitted to use blind trusts or invest in diversified assets like exchange-traded funds or mutual funds. The restriction only applies to individual stock trading.
A similar bet on Polygon (CRYPTO: POL)-based Polymarket showed a 22% chance of a ban…
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Robert Kiyosaki, author of Rich Dad Poor Dad, posted on X that he is confident the prices of gold, silver, and Bitcoin will rise after a giant market crash, while noting he could be wrong.
Kiyosaki expressed this view amid discussions of market uncertainty, contrasting his strategy of buying more gold, silver, Bitcoin, and even oil wells with others holding cash. He ties it to expectations of currency debasement and capital shifting to hard assets post-crash.
Frog-themed cryptocurrency Pepe (CRYPTO: PEPE) led Sunday’s memecoin rally amid a broad market rebound.
‘Exciting’ Unlock For Square Sellers
The Ethereum (CRYPTO: ETH)-based token spiked nearly 7%, claiming the top spot among large-cap meme coins over the past 24 hours. PEPE’s trading volume surged 57% to $328 million over the last 24 hours, signaling high buying pressure.
Shiba Inu (CRYPTO: SHIB), another meme heavyweight, piled on the momentum with a 3.78% spike over the past 24 hours.
The overall memecoin market capitalization rose 1.98% in the last 24 hours to $31.88 billion, although total volumes declined by 9.87%.
More than $6 billion in investor wealth has been wiped…
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Bitcoin Pioneer’s Ethereum Play
Voorhees still holds over $26 million in USDT at the time of writing.
The optimists interpreted Voorhees’ return as a “massive signal” for the market, adding, “When a pioneer like Voorhees ends a year-long hiatus with a 50 million dollar buy, it changes the entire narrative for the quarter.”
Whale accumulation, i.e, buying and holding, is frequently interpreted as a bullish signal by the retail crowd. However, it’s never quite that simple, and other factors also come into play.
Bullish Momentum Building?
The acquisitions coincided with Ethereum’s rally late Sunday evening, fueled by strong buying pressure. The second-largest cryptocurrency…
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Leading cryptocurrencies rose alongside stock futures on Sunday as President Donald Trump pressed for a coordinated effort to keep oil exports from the Strait of Hormuz running.
Crypto Market Sees Relief Rally
Bitcoin spiked during evening hours, with trading volume surging 33% over the past 24 hours.
Ethereum outperformed Bitcoin, reaching an intraday peak of $2,200 amid surging trading volume that signaled strong buying momentum.
Roughly $194 million was liquidated from the cryptocurrency market over the past 24 hours, with short positions worth $145 million evaporated, according to Coinglass data.
Open interest in Bitcoin futures rose 2.92% in the last 24 hours. However, sentiment among…
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This week in the world of cryptocurrency was nothing short of eventful. From AI-driven Bitcoin bets to corporate Bitcoin sales, the crypto market continues to evolve and surprise. Here’s a quick recap of the top stories that made headlines.
AI-Driven Bitcoin Bets
Max Wojcik, a 29-year-old engineer, is making waves in the crypto world by using AI chatbots to analyze Bitcoin price data. Wojcik uses three AI chatbots—Claude, Gemini, and ChatGPT—to calculate his probability of winning before he places any five-minute trades. “Claude is my major brain right now, but I’m still manually placing the trades,” Wojcik said.
Read the full article here.
Corporate Bitcoin Sales
For the first time…
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