Frankfurt authorities have suspended operations for eXch and seized its crypto assets valued $38.2 million. The platform allegedly facilitated money laundering for major crypto heists including the Bybit and Multisig hacks. According to an official statement issued on May 9, the Frankfurt Prosecutor’s Office announced it had shut down the crypto exchange platform, seizing an
Key Takeaways Crypto developer Jeffy Yu is alive despite early reports of livestreamed death. Bubblemaps revealed that Yu moved $1.4 million in crypto assets after his supposed death. Share this article Jeffy Yu, co-founder of Zerebro, who was believed to have committed suicide during a Pump.fun livestream on May 4, was recently seen at his
Well, that didn’t take long. For the first time in months, Bitcoin hits $100K, and the global crypto market just pushed past the $3 trillion mark again, thanks in part to a big splash on the geopolitical stage. A newly announced trade deal between the United States and the United Kingdom gave traders across both
Ethereum prices have skyrocketed almost 20% over the past 24 hours to reclaim $2,200 in a two-month high. ETH tapped $2,234 during Friday morning trading in Asia as it climbed from below $1,900 on Thursday. The asset has now gained 26% over the past fortnight and more than 50% over the past month, recovering from
The U.S. Securities and Exchange Commission has filed a motion seeking court approval for a settlement with Ripple Labs, even as one SEC commissioner opposes the move over investor protection concerns. According to the May 8 court SEC filing, both Ripple and the SEC have agreed to withdraw their respective appeals pending before the Second
Key Takeaways Meta is in preliminary talks with crypto firms to integrate stablecoins for cross-border payments. The US stablecoin market has doubled over the past year, reaching a market cap of $245 billion, with USDT and USDC leading the charge. Share this article Meta is exploring stablecoin integration into its platforms for global payouts, according
President Donald Trump’s newly announced national crypto reserve made headlines fast, and not just because it included big-name tokens like Solana and Cardano. The real chatter started when XRP showed up on the list, kicking off a swirl of speculation about how it got there and whether lobbying had anything to do with it. Insiders
TL;DR After a brutal drop below $1,400 in April, Ethereum (ETH) is showing signs of life again, reclaiming key technical levels and surging past $2,000. Many analysts are optimistic that the price can go much higher in the near future, with some envisioning a new ATH. ‘The Bull Run Has Begun’ The second-largest cryptocurrency has
Markets were flashing green on Thursday as trade tensions eased following confirmation of a trade agreement between Washington and London. The Dow Jones Industrial Average gained 254 points, or 0.62%, while the S&P 500 lagged slightly with a 0.58% gain. The Nasdaq outperformed, climbing 1.07%. Shares of Alphabet also rose after the company released a
Key Takeaways Ripple and the SEC reached a final settlement to resolve the 2020 lawsuit, requesting to dissolve the court’s injunction and finalize penalties. The deal proposes Ripple pays $50 million to the SEC, with the remaining escrowed funds returned to Ripple. Share this article The SEC and Ripple Labs jointly filed a motion today