CRYPTO
Binance’s Former Russia Head, Blum Co-Founder Arrested in Connection to Fraud Case
Smerkis worked for Binance from 2022 for just under two years. What to know: Vladimir Smerkis, Binance’s former Russia division head, was arrested in Russia for being connected to a large-scale criminal fraud case, local media outlet TASS reported on Sunday. Zamoskvoretsky District Court, which resides in Moscow, granted an investigator’s […]
Bitcoin Nears Golden Cross Weeks After ‘Trapping Bears’ as U.S. Debt Concerns Mount
BTC nears golden cross, as Moody’s downgrade validates bond markets’ concerns about the sustainability of the U.S. fiscal debt. What to know: Bitcoin’s BTC$105,295.70 price chart is echoing a bullish pattern that foreshadowed the late 2024 price surge from $70,000 to $100,000 amid mounting concerns over the sustainability of the U.S. debt. […]
Abu Dhabi’s Sovereign Wealth Fund Reveals $408 Million Investment In BlackRock’s Bitcoin ETF
Abu Dhabi’s Mubadala boosts its Bitcoin ETF holdings amid record U.S. inflows. Mubadala, Abu Dhabi’s sovereign wealth fund, disclosed a $408.5 million stake in the iShares Bitcoin Trust (IBIT), according to a 13F filing released today. The fund reported holding 8,726,972 shares as of March 31, 2025, an increase from 8,235,533 shares […]
FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution
Payouts of up to 120% begin May 30 for thousands of creditors, just as U.S. regulators warm to crypto and the industry stages a comeback. What to know: FTX creditors are set to receive over $5 billion in distributions starting May 30, as part of the second phase of the […]
Heritage Distilling Now Accepts Bitcoin and Will Hold It as a Company Asset
The craft spirits company becomes the first in its industry to take Bitcoin as payment and add Bitcoin to its treasury under a new policy. Yesterday, Heritage Distilling Holding Company, Inc. (NASDAQ: CASK), a leading U.S. craft spirits producer, announced that it will begin accepting Bitcoin as payment through its direct-to-consumer (DTC) […]
The DOJ Just Torpedoed Its Own Case Against Roger Ver — It’s Time to Drop It
It is the nail in the coffin. On April 7, 2025, the Department of Justice quietly issued a sweeping policy shift that could—and should—obliterate its case against Roger Ver. Tucked into a 4-page memo titled “Ending Regulation By Prosecution,” the DOJ made a stunning admission: prosecuting individuals for violating unclarified crypto regulations […]
DOJ Charges 12 With $263M Crypto Theft Linked to Genesis Creditor
Most of the individuals were arrested this week in California. What to know: U.S. Department of Justice (DOJ) has charged 12 individuals for stealing over $263 million in crypto. The individuals are linked to an earlier investigation where scammers were able to siphon off over $243 million from a Genesis […]
Bitcoin Boom Likely as Bond Yields Surge – Yes, You Read That Correctly
Elevated Treasury yields are driven by factors that are bullish for bitcoin. What to know: Hardening government bond yields, especially on U.S. treasury notes, have traditionally been viewed as a headwind for bitcoin (BTC) and other risk assets. However, recent persistent resilience in treasury yields suggests a different story — […]
Peter Thiel Shreds $100s and Mocks the Unwashed Masses at Crypto Conference
The billionaire used his Miami Bitcoin 2022 keynote to rip several hundred-dollar bills as an opening bit and lambast the anti-crypto “gerontocracy” of finance. Peter Thiel is a lot of things—a Republican megadonor, an avowed fan of monopolies, and the guy responsible for this website’s former parent company, Gawker Media, going bankrupt some years ago. […]
Strategy Makes $1.34B Bitcoin Buy, Adding Another 13,390 BTC
The Michael Saylor-led company now holds 568,840 bitcoin. What to know: Fresh off the heels of last week’s Strategy Conference, Strategy (MSTR) has resumed its bitcoin (BTC) accumulation, purchasing an additional 13,390 BTC. The company spent approximately $1.34 billion at an average price of $99,856 per bitcoin, according to a filing […]
