Crypto News

El Salvador’s opposition warns that Bukele’s Bitcoin purchases defy the IMF deal

8 minutes ago 2 mins read

El Salvador’s opposition party, ARENA, is expressing serious concerns about President Nayib Bukele‘s ongoing Bitcoin purchases. They warn that these actions could threaten a $1.4 billion loan agreement with the International Monetary Fund (IMF). Despite the opposition’s warnings, Bukele shows no signs of stopping the country’s Bitcoin acquisitions. Since Bitcoin became legal tender in El Salvador, the government has increased its Bitcoin holdings significantly. Bukele claims this strategy will enhance

A U.S. court approves Three Arrows Capital’s request to raise its FTX bankruptcy claim to $1.53 billion

19 hours ago 2 mins read

Three Arrows Capital (3AC) has achieved a significant legal victory in its case against FTX. A U.S. bankruptcy court has approved 3AC’s request to raise its claim in FTX’s bankruptcy from $120 million to $1.53 billion. This increase is based on new evidence showing that 3AC had much larger financial dealings with FTX than previously reported. The expanded claim includes allegations of breach of contract, breach of fiduciary duty, and

Over $3.29 billion worth of Bitcoin and Ethereum options set to expire today

19 hours ago 2 mins read

Today marks a crucial event in the crypto market as billions in Bitcoin and Ethereum options are set to expire. This expiration could lead to short-term price volatility, impacting market sentiment and trader strategies. A large number of contracts will settle, prompting traders to adjust their positions. Bitcoin options dominate the expiring contracts, making up the bulk of the total. Despite current market challenges, the put-to-call ratio indicates a generally

Cybercriminals exploit YouTube’s copyright system to blackmail influencers into spreading SilentCryptoMiner

March 14, 2025 2 mins read

Cybercriminals are targeting YouTubers with blackmail tactics to spread crypto-mining malware, according to cybersecurity firm Kaspersky. They exploit YouTube’s copyright strike system to pressure content creators into including malicious links in their video descriptions. This leads viewers to download infected files. The malware involved is called SilentCryptoMiner. It secretly mines cryptocurrencies like Ethereum, Monero, and Ravencoin by hijacking victims’ devices. The software operates stealthily to avoid detection. Kaspersky’s research shows

Europe dominates crypto banking with 55 friendly banks

March 14, 2025 1 min read

Europe leads the crypto-friendly banking sector, with 55 banks offering digital asset services. This number surpasses that of Asia and North America. These banks provide various services, including custody, trading, and fiat-crypto conversions. This makes Europe the top region for integrating cryptocurrency into traditional finance. The growth of crypto-friendly banks in Europe is largely due to a strong regulatory framework. Countries like Germany, Switzerland, Liechtenstein, and Lithuania have taken the

Do Trump’s Canada Tariffs Threaten Crypto Market Stability?

March 14, 2025 2 mins read

President Trump has announced new tariffs on Canadian steel and aluminum, raising concerns about market volatility. This move could worsen the already uncertain crypto industry, which is facing bearish trends due to economic instability. Although the tariffs may not be enforced or could be reversed, the uncertainty is alarming. This announcement follows rising tensions between the U.S. and Canada. Trump has even suggested that the U.S. should annex Canada, which

Bitcoin enters a distribution phase as investors shift to selling

March 14, 2025 1 min read

Bitcoin is currently in a prolonged distribution phase, with investors shifting from accumulation to liquidation. This change has increased selling pressure, causing Bitcoin’s price to decline. The market has entered a typical phase after reaching all-time highs, which began in early 2025 following a significant price correction. Recent data shows that all wallet sizes are contributing to this selling trend. Both large and small holders have reduced their positions, especially

Alameda Research unstakes Solana tokens and transfers them to FTX-linked wallets

March 13, 2025 1 min read

Alameda Research has recently unstaked a significant number of Solana tokens and transferred them to various addresses associated with FTX. Despite this large movement, the price and demand for Solana have remained stable. The overall bearish sentiment in the crypto market seems to overshadow any potential effects from these token transfers. On-chain data indicates that Alameda distributed the unstaked tokens across 38 wallets linked to FTX. This pattern is consistent

Thailand’s SEC adds USDT and USDC to its approved crypto list

March 13, 2025 1 min read

Thailand’s Securities and Exchange Commission (SEC) has recently expanded its list of approved cryptocurrencies by adding USDC and USDT. This change will impact investments in digital tokens through initial coin offerings (ICOs) and will broaden the range of cryptocurrencies accepted by ICO portals and digital asset exchanges. The new regulations will come into effect on March 16, 2025. With this update, USDC and USDT can now be used for ICO

The SEC moves to withdraw a rule that could have regulated crypto exchanges

March 12, 2025 1 min read

The SEC is changing its approach to regulating crypto exchanges. A proposed rule from former SEC Chair Gary Gensler aimed to broaden the definition of what an exchange is, which could have included some platforms not meant for SEC control. Critics were concerned that this could lead to unintended regulation. Now, acting Chair Mark Uyeda has decided to withdraw this proposal, indicating a shift in the SEC’s regulatory stance. This

Arkham’s new KOL Label tracks crypto influencers’ wallets

March 12, 2025 1 min read

Arkham Intelligence has launched a new tool to track the wallets of major crypto influencers. This tool, called the Key Opinion Leader (KOL) Label, focuses on influencers with over 100,000 followers on X (formerly Twitter). It aims to show whether these influencers genuinely support the projects they promote or if they are just involved in paid promotions. This comes at a time when meme coins are becoming popular, even though

1inch successfully recovers most of the stolen $5 million

March 12, 2025 2 mins read

1inch successfully recovers most of the stolen $5 million. 1inch recently experienced a serious security breach that led to the theft of millions in digital assets. Fortunately, after quick talks with the hacker, the platform was able to recover most of the stolen funds. The hacker agreed to return a large part of the money, keeping some as a bug bounty for their help. This event highlights the weaknesses in