IREN shares rise premarket after company unveils 800MW Australian AI data center campus IREN shares added about 4% in premarket trading after the company announced plans for an 800-megawatt (MW) AI-focused data center campus in Australia. The update highlights IREN’s effort to expand beyond its roots in crypto-related infrastructure and position more of its power…
Bitcoin’s $72K Spike Fizzles as Ceasefire Hopes Fade Bitcoin touched $72,000 after reports of a ceasefire between Israel and Iran, but the move lasted only hours before sellers stepped back in. Price action quickly retreated below key resistance, leaving traders wondering whether macro relief is enough to overcome broader caution. The brief rally was sparked…
Bitcoin tanks below $63,000 for the first time since February as price selloff deepens Bitcoin fell below $63,000, dropping to its lowest level since February as a broader selloff in the cryptocurrency market intensified. The move marked a notable shift in market momentum, with bitcoin breaking beneath a widely watched price threshold that had held…
Bitcoin Reclaims $72K but Momentum Quickly Fades Bitcoin spiked back above $72,000 after news of a ceasefire between Israel and Iran, only to stall almost immediately as sellers stepped in. The quick reversal left traders wondering whether this was a genuine relief rally or simply a short-covering bounce in a still-fragile market. The move was…
Bitcoin Demand Returns as Bulls Eye $72K Support Bitcoin is showing fresh signs of buyer strength across both spot and derivatives markets, with reduced selling pressure from short-term holders raising the odds that $72,000 holds as a meaningful floor. After weeks of choppy price action, renewed demand is giving bulls a clearer path to defend…
Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out Bitcoin fell below $62,000 briefly in a move that coincided with a sharp wave of liquidations across the crypto derivatives market, where about $1.5 billion in long positions were wiped out. The sell-off highlighted how quickly leveraged positioning can amplify market…
Zcash Surges 30% on Ceasefire Hopes, Traders Eye Trap Zcash (ZEC) ripped higher by roughly 30% after reports of a US–Iran ceasefire sparked a broad risk-on bid across crypto. The move echoes sharp relief rallies seen in previous bear phases, leaving traders split between a genuine shift in sentiment and a classic dead-cat bounce. The…
US Treasury Proposes GENIUS Act Rules Targeting Illicit Finance The Treasury Department just dropped proposed rules under the GENIUS Act that would force stablecoin issuers to build full-scale anti-money laundering and sanctions compliance programs. Issuers would need the ability to block, freeze, or reject transactions on demand, turning every dollar-pegged token into a regulated financial…
KALSHI WINS, CFTC STAGGERS AS PREDICTION MARKET BATTLE ESCALATES A federal appeals court just kept Kalshi’s election contracts alive, refusing the CFTC’s last-minute bid to slam the door on political-event trading. The ruling means the exchange can keep offering contracts tied to congressional control and presidential outcomes while the full legal fight plays out, a…
SEC Picks New Enforcement Chief as Crypto Cases Vanish The U.S. Securities and Exchange Commission has appointed David Woodcock as its new head of enforcement, stepping into a role that has drawn fresh scrutiny after the agency quietly dropped multiple high-profile crypto lawsuits. Lawmakers are now pressing for answers on why cases against Justin Sun…
SEC LOSES GROUND IN CRYPTO ENFORCEMENT FIGHT The Supreme Court just trimmed the SEC’s wings on June 27, 2024, handing down a 6-3 decision that narrows how federal agencies can stretch vague statutes into billion-dollar enforcement actions. Crypto markets exhaled. The ruling does not kill the agency’s power, but it raises the bar for proving…
Bitcoin momentum gauge hints at recovery. Experts remain cautious. A widely watched momentum gauge for Bitcoin is showing early signs of improvement, suggesting the market may be attempting to stabilize after a weaker stretch. The shift has been noted by analysts who track trend and momentum indicators to assess whether buying interest is returning. Momentum…
MEXC Taps New CEO to Chase EU License and Zero-Fee Edge MEXC has named Vugar Usi as its new chief executive and immediately signaled a sharper push into regulated European markets, with MiCA licensing now a stated priority alongside the exchange’s signature zero-fee trading model. The move comes as competition among mid-tier platforms intensifies and…
COURT STOPS TEXAS BLOCKCHAIN FIGHT FROM GOING FEDERAL Texas appeals court just yanked a high-stakes blockchain dispute out of federal hands and back into state court, delivering a sharp reminder that crypto companies cannot simply forum-shop their way around local judges when things get ugly. The Eighth Court of Appeals in El Paso granted mandamus…
SEC Wins Asset Freeze Over Crypto Laundering Claims The First Circuit just handed the SEC another tool to chase crypto-tainted funds, ruling that relief-defendant Raimund Gastauer must keep his accounts frozen while the agency pursues fraud claims against his son and related offshore entities. The decision tightens the net around anyone who receives investor money…
CFTC WINS MANDAMUS FIGHT OVER KRAFT DOCUMENTS The Seventh Circuit just handed the Commodity Futures Trading Commission a rare procedural victory, ordering a lower court to enforce broad document subpoenas against Kraft Foods and Mondelēz. The ruling matters because it signals that federal commodity regulators can keep their investigative files shielded from targets even when…
Iran Mulls Bitcoin Tolls for Oil Tankers in Hormuz Iran is reportedly weighing a new plan to charge certain oil tankers a $1-per-barrel Bitcoin toll for crossing the Strait of Hormuz, the critical chokepoint that carries nearly a fifth of global oil supply. Under the rumored US-Iran framework, empty vessels would sail free while loaded…
SEC Loses Bid to Silence Bilzerian Ally A federal judge just handed the SEC a narrow but telling defeat in its 35-year campaign against Paul Bilzerian, ruling that an old injunction cannot be stretched to gag a third-party critic who merely points out the agency’s own enforcement lapses. The decision matters because it chips away…
US Treasury Proposes GENIUS Act Rules to Freeze Illicit Crypto Flows The US Treasury has floated new compliance requirements for payment stablecoin issuers under the proposed GENIUS Act, forcing them to build full AML/CFT and sanctions programs capable of instantly blocking, freezing, or rejecting suspect transactions. The move signals that stablecoins are no longer treated…
CFTC Scores Rare Win in Futures Trust Dispute The Seventh Circuit just handed the Commodity Futures Trading Commission a narrow but telling victory in a long-running fight with the Conway Family Trust. The ruling keeps the CFTC’s enforcement reach intact and signals that even sophisticated family offices can’t count on procedural technicalities to dodge federal…
