Crypto News

A recent Reuters report reveals that China holds 15,000 bitcoin ( BTC) confiscated through criminal investigations. However, officials are currently entangled in deliberations over how to handle these digital assets, as cryptocurrency trading remains prohibited in the country. Local Governments in China Sit on Bitcoin Fortune, Face Legal and Strategic Gridlock Reuters reports that municipalSource link

DWF Labs is investing $25 million in World Liberty Financial (WLFI), the decentralized finance protocol backed by U.S. President Donald Trump and his family. The crypto market maker is also entering the U.S. market with a new office in New York City as part of its broader expansion plans, according to a press release on Wednesday. By establishing a physical presence in the U.S., DWF aims to work more closely with traditional financial institutions, expand its local workforce and engage more directly with U.S. regulators.The firm also plans to deepen ties with American colleges and universities to promote education on cryptocurrencies. The WLFI token purchase gives DWF Labs a governance stake in the project, which includes USD1, the project’s soon-to-launch...

John Patrick Mullin, co-founder and CEO of Mantra, claims he’ll burn his OM after the token’s Sunday crash.Source link

OKX has officially announced its launch in the United States, introducing a centralized cryptocurrency exchange and the OKX Wallet, with its regional headquarters established in San Jose, California. Roshan Robert has been appointed as the US CEO, emphasizing the company’s commitment to enhancing access to digital assets in a secure and compliant manner. The phasedSource link

By Francisco Rodrigues (All times ET unless indicated otherwise)Cryptocurrency prices are down across the board over the last 24 hours amid a wider risk asset sell-off triggered by deepening U.S.-China trade tensions.The White House said China now “faces up to a 245% tariff on imports” and imposed new restrictions on chip exports to the country. Bitcoin (BTC) fell more than 2.2% while the broader market, measured by the CoinDesk 20 (CD20) index, declined 3.75%.Nasdaq 100 futures are also down, losing more than 1% while S&P 500 futures dropped 0.65%. While bitcoin has remained notably stable as the trade war escalated, some metrics suggest the bull run may have ended.The largest cryptocurrency slipped below its 200-day simple moving average on March...