Found 7246 news
Passive crypto hoarding exposes DATs to compliance risks while missing opportunities to provide patient capital. DAT 2.0 invests in infrastructure supporting ecosystem longevity. Opinion by: Mike Maloney, Chairman of 21 Vault, a company operating in digital asset infrastructure and treasury strategy Digital asset treasuries (DATs) started back in 2020 with Strategy’s decision to buy and hold Bitcoin (BTC). That fateful decision has created a treasury with a market capitalization exceeding $80 billion. A flurry of companies began to replicate this buy-and-hold approach. These new DATs raise huge amounts of capital to buy their chosen asset before merging with publicly traded companies, giving investors exposure to crypto via their stocks. Read more
The top nine wallets controlled nearly 60% of voting power in WLFI’s USD1 governance vote, raising questions about insider influence as locked holders were unable to participate. World Liberty Financial (WLFI) is facing criticism following a governance vote that approved a USD1 growth proposal, despite objections from the community over the lack of voting access for locked WLFI holders. Onchain voting data shows that the largest “FOR” votes were cast by top wallets flagged as team-linked or strategic partner addresses, according to pseudonymous crypto trader and researcher DeFi^2. The top nine wallets accounted for about 59% of total voting power, giving a small cluster of big holders effective control over the outcome of the USD1 growth proposal. The largest wallet contributed 18.786% of the total voting power based on the snapshot vote for WLFI governance. Read more
South Korea is reportedly reviewing exclusive bank partnerships for crypto exchanges as regulators assess competition and prepare the Digital Asset Basic Act. South Korea’s financial regulators are reviewing a long-standing practice that effectively ties each cryptocurrency exchange to a single banking partner, as part of a broader examination of competition in the country’s crypto market, according to local media. Business media outlet the Herald Economy, citing government officials familiar with inter-agency discussions, said a review effort is being coordinated between the Financial Services Commission (FSC) and the Fair Trade Commission as policymakers evaluate whether existing practices contribute to market concentration. Although the “one exchange–one bank” model is not explicitly codified in South Korean laws, it emerged in practice due to Anti-Money Laundering (AML) and customer due diligence requirements. Read more
The moves highlight growing uncertainty over whether crypto prediction markets are to be treated as finance or gambling. Update Jan. 20, 12:29 p.m. UTC: This article has been updated to include a paragraph on the details surrounding Portugal’s ban on Polymarket. Hungary and Portugal have taken steps to restrict access to the crypto-based prediction market Polymarket, adding to mounting regulatory pressure on the platform across Europe. Hungary’s regulatory authority, Szabályozott Tevékenységek Felügyeleti Hatósága, has temporarily blocked access to Polymarket’s domain and subdomains, citing the “forbidden organization of gambling activities.” According to an official notice released Friday, the restriction will remain in place until the authority completes its review. Read more
Insider trading is hard to curb on non-KYC prediction markets, but even identity checks do not fully eliminate abuse, according to Messari’s Austin Weiler. Concerns over insider trading on prediction markets have intensified after a series of high-profile bets on geopolitical events, prompting fresh questions over whether it’s even feasible to curb such practices in the growing industry sector. Preventing insider trading is realistically possible only on prediction markets applying Know Your Customer (KYC) measures, according to Austin Weiler, a research analyst at the blockchain intelligence firm Messari. “For KYC’d platforms, the most effective mechanism is to restrict access upfront for users to specific markets,” Weiler told Cointelegraph, adding that state actors could be restricted from political or geopolitical markets. Read more
Bitcoin bulls defend $90,000 as Hash Ribbons and Fear and Greed Index flash buy signals, hinting at a potential rally. Bitcoin’s (BTC) leading indicators flashed buy signals as bulls fought to keep the price above $90,000. Key takeaways: Bitcoin Hash Ribbons flashed a "buy" signal amid miner capitulation recovery, an occurrence that has historically preceded strong rallies. Read more
The warning came as Hong Kong consults on new virtual asset advisory and management licenses, expanding oversight beyond crypto trading platforms. The Hong Kong Securities & Futures Professionals Association (HKSFPA) warned that the city’s proposed rollout of new crypto licensing regimes may unintentionally force compliant crypto managers to cease activities if regulators proceed without transitional arrangements. The warning centers on what the group described as a potential “hard start,” under which existing firms would be required to be fully licensed by the commencement date of the new rules or cease regulated activities while their applications are under review. Hong Kong’s Securities and Futures Commission and the Financial Services and the Treasury Bureau are currently consulting on new licensing regimes that cover virtual asset dealing, advisory and management services, which would expand regulatory oversight beyond the city’s existing framework for crypto trading platforms. Read more
Bitcoin failed to break out from its macro trading range, according to analysis, with new BTC price targets including a return to sub-$60,000 levels. Bitcoin (BTC) slid to eight-day lows on Tuesday as macro headwinds gave bulls new headaches. Key points: Bitcoin toyed with the 2025 and 2026 yearly opens after a “failed” breakout from its multimonth range. Read more
Gold hit fresh record highs on Tuesday as rising geopolitical tensions and trade-war fears continued to push investors toward safe-haven assets. Bitcoin holders have realized net losses over 30 days, marking the first such stretch since late 2023, after more than two years dominated by realized profits. According to data shared by Julio Moreno, head of research at CryptoQuant, the Bitcoin (BTC) rolling 30-day realized profit and loss metric has dipped below zero, indicating that coins moved onchain during the past month were sold at below their purchase cost. “Bitcoin holders realizing losses, for a 30-day period since, late December for the first time since October 2023,” Moreno wrote on X. Read more
A long-dormant Satoshi‑era wallet suddenly moved 909.38 BTC, now worth about $84.6 million, highlighting how dramatically early Bitcoin prices differ from today’s valuations A dormant Satoshi-era Bitcoin wallet came back to life after 13 years, transferring its entire 909.38 BTC balance, worth about $84.6 million at current prices, into a fresh BTC address. Onchain data from blockchain analytics firm Arkham Intelligence shows that the address first received Bitcoin (BTC) in 2013, when one coin was trading at less than $7. By comparison, if, instead of buying 909.38 BTC, worth about $6,400 in 2013, the same amount had gone into a low‑cost S&P 500 index fund, it would be worth $37,000 today, after a gain of 481%. Read more
CryptoQuant found that large custody wallets accumulated $53 billion in Bitcoin over 12 months, suggesting that institutional demand for Bitcoin hasn’t gone away. Bitcoin accumulation by wallets holding between 100 and 1,000 BTC could signal that there is continued interest in Bitcoin from institutional investors in the US. “Institutional demand for Bitcoin remains strong,” said CryptoQuant founder Ki Young Ju on Tuesday, adding that 577,000 Bitcoin (BTC) has been added to this wallet cohort (which includes exchange-traded funds) over the past year, “and it’s still flowing in.” The increase is around 33% over the last 24 months, according to CryptoQuant, which is around the time when the first spot Bitcoin ETFs were launched. Read more
Pendle will begin to slowly phase out its governance token vePENDLE and replace it with sPENDLE this month, offering a more flexible model it hopes will boost adoption. DeFi protocol Pendle will begin phasing out its vePENDLE governance token this month, replacing it with a new liquid staking token called sPENDLE as part of a broader overhaul aimed at boosting adoption. The yield-trading platform said the long lock-ups, complexity and lack of interoperability baked into vePENDLE had become “significant barriers” for most users, despite strong growth in the underlying protocol. In an announcement via X on Monday, Pendle unveiled sPENDLE, a new liquid governance and fee token that will replace vePENDLE as the protocol’s primary governance asset. Read more
Trove shocked the community last week with a last-minute decision to pivot its perps DEX from Hyperliquid to Solana, a move that upset many of its initial backers. Vocal critics within the Trove Markets community on X are in uproar again after the team announced it will keep most of the investor funds it had raised to build on Hyperliquid and instead use them to build on Solana. Trove had raised over $11.5 million for a token sale tied to its integration on Hyperliquid, but announced on Friday, just days before its token generation event, that it will pivot to building on Solana. One of Trove’s builders, “Unwise,” later blamed the pivot on a liquidity partner withdrawing 500,000 Hyperliquid (HYPE) tokens needed for the Hyperliquid integration, with dozens of Trove investors demanding refunds since the sudden change in direction. Read more
Bitcoin is holding above $92,000, but spot ETF outflows and rising geopolitical tensions threaten to weaken the resistance. Will traders pile into the dip? Key takeaways: The BTC futures premium held near 5%, showing leverage demand was not impacted after the failed $98,000 breakout attempt. Bitcoin ETFs saw $395 million in outflows as gold hit new records, weakening hedge appeal and pushing traders to price downside risk. Read more
Approved with 99.89% support, the proposal updates issuance and buyback parameters that govern how INJ is removed from circulation over time. Injective’s protocol community approved a major tokenomics overhaul on Monday, passing a governance proposal with 99.89% support based on staked voting power. Injective is a layer-1 blockchain focused on decentralized finance applications, with INJ (INJ) serving as its native token for staking, governance and transaction fees. The Supply Squeeze proposal (IIP-617) reduces its native token issuance and maintains the network’s buyback-and-burn program, which uses protocol-generated revenue to permanently remove tokens from circulation. Read more
The partnership builds upon previous work Bermuda’s government has done to attract crypto companies, including the passage of a comprehensive regulatory framework in 2018. The government of Bermuda is planning to create a “fully onchain” national economy using digital asset infrastructure provided through partnerships with cryptocurrency exchange Coinbase and stablecoin issuer Circle. In a Monday announcement from the World Economic Forum Annual Meeting in Davos, Switzerland, Bermuda Premier David Burt and representatives from Coinbase and Circle said the partnership would allow the Caribbean island nation to use the USDC (USDC) stablecoin and Coinbase’s Base infrastructure to develop a new model for the country’s economy. According to the companies and Burt, Bermuda government agencies will begin with a pilot program for “stablecoin-based payments, financial institutions integrating tokenization tools, and residents participating in nationwide digital literacy programs.” Read more
One of then-presidential candidate Donald Trump‘s campaign promises to the crypto industry was to fire the SEC chair “on day one“ if elected. One year ago Tuesday, Gary Gensler resigned as chair of the US Securities and Exchange Commission (SEC) amid the inauguration of President Donald Trump. Many in the crypto industry had heavily criticized the former SEC chair for his approach to digital asset regulation and enforcement. Gensler’s position on cryptocurrencies likely contributed to companies like Ripple Labs funding political action committees (PACs) and backing many candidates in the 2024 US elections who had expressed views favorable to the industry and opposing those who didn’t. Shortly after Gensler’s resignation, Trump appointed SEC Commissioner Mark Uyeda as acting chair of the agency. What followed was a complete about-face of SEC policy on digital assets under Gensler, with the dismissal of many yearslong investigations and enforcement actions and the restructuring of the agency’s leadership to in...
Bitcoin’s drop to $92,000 was the result of leverage being flushed out and overoptimistic investor sentiment being reset. The real key is whether bulls buy the dip. Bitcoin (BTC) saw a sharp pullback during the Asian market open, shaking out leveraged positions without breaking its market structure. While sentiment cooled rapidly, onchain and derivatives data suggest that the move resembles a structural reset rather than a deeper trend reversal. Key takeaways: $233 million in Bitcoin long liquidations flushed leverage while spot selling stayed muted, pointing to a reset, not panic distribution. Read more
The London-based financial technology company is pushing deeper into Latin America as regional competition among digital banks heats up. Revolut, a London-based digital banking and payments company, has applied for a full banking license in Peru as part of its expansion across Latin America, Bloomberg reported on Monday. If approved, the license will allow the company to operate as a regulated bank in the country, adding Peru to a list of regional markets alongside Mexico, Colombia and Brazil. Bloomberg said Revolut plans to compete primarily with incumbent banks rather than newer fintech rivals. Revolut has identified remittances and cross-border payments as key parts of its local strategy, noting that about 1 million people in Peru rely on money sent from abroad. Read more7246 items