News

Deribit exchange bans Russian users due to new EU sanctions

February 8, 2025 1 min read

Deribit, a cryptocurrency exchange based in Dubai and owned by a Dutch company, has announced a ban on Russian users due to new EU sanctions. Russian traders are a significant part of Deribit’s user base, being the second-largest group on the platform. However, other exchanges still dominate the Russian crypto market. This decision aligns with EU regulations but may have a more significant impact on Deribit than on Russia’s crypto

Kaspersky Discovers SparkCat Malware Targeting Crypto Recovery Phrases

February 8, 2025 1 min read

Kaspersky has revealed a significant malware campaign named SparkCat. This malware secretly scanned users’ phone galleries for crypto recovery phrases hidden in screenshots. It was found in food delivery and AI chat apps, affecting around 242,000 users before being removed from app stores. Unlike typical scams that promise financial gain, SparkCat operated quietly. This secrecy makes it hard to measure its financial impact. Kaspersky, a respected cybersecurity firm, noted that

Binance Research reports 47 active crypto ETF filings and a record surge in meme coin launches

February 8, 2025 1 min read

Binance Research has shared insights about the current state of the crypto market. There are 47 active crypto ETF filings in the US, indicating growing interest in this investment vehicle. At the same time, there has been a notable increase in meme coin launches, contributing to a surge in the number of tokens. Currently, there are over 37 million tokens in circulation, with many based on the Solana blockchain. In

The SEC acknowledges Grayscale’s Solana and Litecoin ETF filings

February 8, 2025 2 mins read

The U.S. Securities and Exchange Commission (SEC) has recognized Grayscale’s proposals for Solana and Litecoin exchange-traded funds (ETFs). This is a significant development, especially since it is the first time the SEC has acknowledged a Solana ETF filing. This change could indicate a more favorable attitude toward cryptocurrency investment products. The SEC’s announcement comes during a period of leadership changes, which has led to optimism about a more supportive regulatory

Over $3 billion in Bitcoin and Ethereum options are set to expire today

February 7, 2025 1 min read

Today, over $3 billion worth of Bitcoin and Ethereum options are set to expire. This large volume of contracts is drawing attention from traders. They are closely monitoring how macroeconomic changes and Trump’s trade policies will affect short-term price movements. In the Bitcoin market, there are more buy contracts than sell contracts. This suggests that investors are feeling optimistic. However, the price point that is causing the most losses for

The SEC has acknowledged Grayscale’s Solana and Litecoin ETF filings

February 7, 2025 2 mins read

The U.S. Securities and Exchange Commission (SEC) has recognized Grayscale’s proposals for exchange-traded funds (ETFs) related to Solana and Litecoin. This is a significant moment as it is the first time the SEC has acknowledged a Solana ETF filing. This change comes during a time of leadership shifts within the SEC, raising hopes for a more favorable regulatory environment for cryptocurrencies. On February 6, the SEC invited public comments on

Donald Trump’s company TMTG plans to launch the Bitcoin Plus ETF

February 7, 2025 2 mins read

Eric Balchunas, a Bloomberg analyst, recently reported that Donald Trump is set to introduce the Bitcoin Plus ETF. This marks a historic moment as Trump would be the first U.S. president linked to an ETF launch. While Trump won’t directly issue the fund, his company, Trump Media and Technology Group Corp. (TMTG), is spearheading the initiative. TMTG is expanding into financial services and has announced a range of investment products,

MicroStrategy rebrands to Strategy

February 7, 2025 1 min read

MicroStrategy rebrands to Strategy MicroStrategy has officially changed its name to Strategy, incorporating the Bitcoin symbol into its logo. This rebranding highlights the company’s strong commitment to Bitcoin (BTC). In 2024, Strategy reported a remarkable 74.3% yield from Bitcoin, even though its overall revenue declined. In the fourth quarter of 2024, the firm made its largest Bitcoin purchase ever, investing over $20 billion. Michael Saylor, co-founder of the company, announced

Hackers promote crypto scam through Malaysian PM Mahathir Mohamad’s X account

February 7, 2025 1 min read

Hackers recently took control of the X account belonging to former Malaysian Prime Minister Mahathir Mohamad. They used it to promote a fake cryptocurrency called MALAYSIA, which led to a loss of $1.7 million for investors. This incident is part of a troubling trend involving fraudulent political meme coins. A similar scam occurred with the TRUMP token, which defrauded investors of $857 million. The hackers posted that MALAYSIA was the

David Sacks outlines a crypto plan with a Bitcoin Reserve

February 6, 2025 2 mins read

David Sacks, the White House’s Crypto Czar, held a press conference with Senate leaders to discuss important topics like stablecoin legislation and a Bitcoin Reserve. He emphasized the need for clear regulations. Sacks argued that past uncertainties pushed crypto businesses abroad and led to significant fraud cases, such as FTX. Since his appointment by President Trump, Sacks’ role in federal crypto policy was unclear. However, he outlined his agenda, which

Senator Hagerty introduces the GENIUS Act to regulate stablecoins

February 6, 2025 1 min read

US Senator Bill Hagerty has introduced the GENIUS Act, a bill focused on regulating payment stablecoins. This legislation aims to enhance the US dollar’s dominance in the digital currency space. It follows an earlier draft discussed in October, marking a significant move towards establishing a legal framework for stablecoin transactions. The GENIUS Act defines payment stablecoins as digital assets used for payments, which are pegged to a stable value. The

President Trump’s new order launches a U.S. sovereign wealth fund

February 6, 2025 1 min read

President Donald Trump has signed an executive order to create a sovereign wealth fund, exciting Bitcoin supporters. This order instructs the Treasury and Commerce Departments to devise a plan within 90 days. The fund aims to enhance financial security, lower taxes, and boost the US economy. Sovereign wealth funds are government-managed investment funds that handle surplus money, often from trade or resource revenues. They invest in various assets like stocks,