Crypto News

Tether now holds $8.41B in Bitcoin

19 hours ago 1 min read

Tether, the issuer of USDT, has made significant moves in the crypto market. In the first quarter of 2025, Tether added 8,888 Bitcoin, worth $735 million, increasing its total Bitcoin holdings to 100,521 BTC, valued at around $8.29 billion. This strategy, which involves using 15% of profits from other activities to buy Bitcoin, was first announced in May 2023. Tether is now the sixth-largest holder of Bitcoin, with unrealized profits

Over 230,000 Binance and Gemini user records leaked on the dark web

19 hours ago 2 mins read

Recent reports indicate that over 230,000 user records from Binance and Gemini have appeared for sale on the dark web. This situation raises significant concerns about cyber threats in the cryptocurrency sector. The leaked information includes full names, email addresses, phone numbers, and location details. Most of the affected users are from the United States, with some from the UK and Singapore. On March 27, a dark web user named

Michael Saylor, Chairman of Strategy, hints at an impending Bitcoin acquisition

March 31, 2025 1 min read

Michael Saylor, the Executive Chairman of Strategy, has indicated that the company may soon acquire more Bitcoin. Recently, Strategy’s total Bitcoin holdings surpassed 500,000 BTC after a new purchase. On March 30, Saylor posted on X about the company’s Bitcoin portfolio, suggesting they want to increase their reserves. Historically, such posts have preceded announcements of new Bitcoin acquisitions. On Monday, Strategy revealed it had bought 6,911 BTC for about $584

FTX to start repayments on May 30

March 31, 2025 1 min read

FTX is preparing to start repaying claims over $50,000 on May 30, 2023, nearly 27 months after its collapse in November 2022. The company, led by CEO John Ray III, will use part of its $11.4 billion cash reserve to pay major creditors. Bankruptcy attorney Andrew Dietderich mentioned that FTX is dealing with an overwhelming number of claims, estimated at “27 quintillion,” many of which are considered fraudulent or questionable.

HyperLiquid refunds JELLY traders and boosts security after $230M squeeze

March 31, 2025 1 min read

HyperLiquid has taken significant steps to address the recent JELLY token crisis, which nearly resulted in $230 million in losses due to a short squeeze. In response, the decentralized exchange (DEX) has begun refunding users who held long positions in JELLY at the time of the incident, with some exceptions for flagged addresses. This move aims to restore trust among users after the turmoil, and the HYPE token, which initially

Elon Musk confirms that the US government has no plans to use Dogecoin

March 31, 2025 1 min read

Elon Musk addressed rumors today regarding Dogecoin and its potential use by the US government. He stated that there are no plans for the government to adopt Dogecoin, despite speculation linking the cryptocurrency to his new initiative, the Department of Government Efficiency (DOGE). Musk made these comments during a town hall meeting in Green Bay, Wisconsin. Initially, Musk intended to name the initiative the “Government Efficiency Commission.” However, he changed

BitMEX founders Hayes, Delo, and Reed receive President Trump’s pardon

March 29, 2025 1 min read

On Thursday, President Donald Trump granted presidential pardons to the co-founders of BitMEX: Arthur Hayes, Benjamin Delo, and Samuel Reed. BitMEX, established in 2014, is a prominent platform for crypto derivatives trading, focusing on perpetual contracts and futures. Hayes served as the CEO of the Seychelles-based company. In October 2020, U.S. authorities indicted the trio for violating the Bank Secrecy Act (BSA). They were accused of not implementing sufficient anti-money

Polymarket is under fire after a $7M market was allegedly rigged by UMA whales

March 28, 2025 2 mins read

Polymarket, a well-known prediction platform, is under fire for allegedly manipulating a $7 million market. This market was about whether Ukraine would agree to a mineral deal with Trump before April. It resolved as “Yes,” even though there was no official confirmation from either the U.S. or Ukraine. Users claim this is the biggest manipulation case in the platform’s history, accusing insiders of swaying the outcome. The market rules stated

US states advance major Bitcoin and crypto bills

March 28, 2025 2 mins read

In March 2025, several U.S. states, including Kentucky, North Carolina, and Arizona, made significant strides in adopting cryptocurrency into their financial systems. Lawmakers are proposing and passing bills that support Bitcoin reserves, crypto mining, and digital asset investments. This shift shows that many see cryptocurrency as a valuable financial asset rather than just a speculative tool. In Kentucky, the governor signed the “Blockchain Digital Asset Act” (HB701) on March 24.

The Senate votes to repeal the IRS DeFi broker rule

March 28, 2025 1 min read

The U.S. Senate has voted to repeal an IRS rule affecting decentralized finance (DeFi) platforms. This decision is seen as a significant win for the crypto industry. President Trump is expected to sign the bill into law by the end of the week. Supporters believe this will relieve pressure on DeFi developers and promote blockchain innovation. The Senate voted on March 26, passing H.J. Res. 25 with a strong 70-28

GameStop plans to raise $1.3B through convertible bonds to buy Bitcoin

March 28, 2025 2 mins read

GameStop Corp. plans to raise $1.3 billion through a convertible bond offering to buy Bitcoin. This strategy is inspired by Michael Saylor, a well-known crypto advocate. The company’s board has approved adding Bitcoin to its treasury reserves, marking a significant change in its approach. The bond sale is intended for general corporate purposes, including the Bitcoin acquisition. This move puts GameStop in line with other public companies that are using

The U.S. SEC closes investigation into Immutable X

March 26, 2025 1 min read

Since January, the U.S. Securities and Exchange Commission (SEC) has ended several investigations into various crypto companies. This includes firms like Kraken, Coinbase, Gemini, MetaMask, OpenSea, Robinhood, and UniSwap. The SEC has also formed a crypto task force led by Commissioner Hester Peirce. This task force aims to clarify how existing securities laws apply to cryptocurrencies. Immutable, an Australian crypto company, welcomed the U.S. government’s efforts to establish clear regulations