Bitcoin Holds Near $72K as Altcoins Brace for a Move

Ruling Creates National Stage for Crypto Exchange Clash Three separate lawsuits against the same major exchange are now headed for one courtroom in Chicago. A federal panel granted the transfer after an Illinois plaintiff argued that scattered suits waste resources and risk conflicting rulings on whether the platform’s tokens and services qualify as securities. The…

CFTC Loses Bid to Silence Kraft Document Battle The Seventh Circuit just slammed the door on the CFTC’s attempt to keep internal Kraft documents sealed from public view. In a terse, unsigned order, the appeals court refused the agency’s petition for a writ of mandamus, effectively green-lighting the release of records that could expose how…

Court Slams IRS Crypto Seizure as Overreach A federal judge in Washington just handed the IRS a setback in its hunt for crypto tax evaders, ruling that blanket warrants for digital wallets violate the Fourth Amendment. The decision in United States v. Twenty-Four Cryptocurrency Accounts throws cold water on broad seizures and signals that even…

Bitcoin Slides as Fed Rate Cut Doubts Follow Strong Jobs Report Bitcoin moved lower after a strong U.S. jobs report raised doubts that the Federal Reserve will cut interest rates soon. The decline reflected a broader shift in market expectations as investors reassessed the outlook for monetary policy. The jobs data pointed to continued strength…

Iran Eyes Bitcoin Tolls for Oil Tankers in Hormuz A reported US-Iran deal could turn the Strait of Hormuz into the first major shipping lane that demands Bitcoin as a toll. Empty tankers would sail free, but loaded vessels would pay roughly one dollar per barrel in BTC to transit the critical waterway. The move…