Crypto News
El Salvador’s Bukele Says Bitcoin Purchases Won’t Stop Due to IMF Deal
Led by President Nayib Bukele, El Salvador apparently has no intention of stopping its accumulation of bitcoin (BTC) no matter what the IMF demands."'This all stops in April.' 'This all stops in June.' 'This all stops in December.' No, it’s not stopping," Bukele posted on X on Tuesday afternoon. "If it didn’t stop when the world ostracized us and most 'bitcoiners' abandoned us, it won’t stop now, and it won’t stop in the future. Proof of work > proof of whining."Bukele's social media post came shortly after the International Monetary Fund (IMF) published more details about its $3.5 billion deal with the Latin American nation. The IMF claimed as part of the loan package to have imposed a prohibition of...
Crypto Trading Firm Cumberland Says SEC Plans to Drop Lawsuit
The SEC last year charged Cumberland DRW with various securities charges—but now the lawsuit is set to be dropped.Source link
No Diversification, No Problem: Strategy’s BTC Play Beats an ETH Alternative
As bitcoin holds steady above the $88,000 threshold, Michael Saylor’s Strategy (formerly Microstrategy) maintains a 29% gain on its extensive BTC holdings. Meanwhile, MSTR shares have climbed more than 11% over the past week, defying the broader downturn in the crypto sector. What If Strategy Bought Ether Instead of Bitcoin? A Massive Difference Answers ThatSource link
SEC Agrees to Drop Enforcement Suit Against Cumberland DRW, Firm Says
The U.S. Securities and Exchange Commission (SEC) has agreed to drop its enforcement case against Cumberland DRW, the crypto trading arm of Chicago-based trading firm DRW, according to a Tuesday announcement from the company.The SEC sued Cumberland DRW last October, accusing the firm of acting as an unregistered securities dealer and alleging it sold more than $2 billion in unregistered securities, naming tokens like Polygon (POL), Solana (SOL), Cosmos (ATOM), Algorand (ALGO) and Filecoin (FIL) as a “non-exhaustive” list of tokens the agency considered to be securities.At the time the suit was filed, Cumberland DRW and its CEO Don Wilson pledged to fight the charges. In an interview with CoinDesk last October, Wilson said that his firm had tried and...
Turnaround Tuesday Sees Crypto and Stocks Bounce Sharply From Worst Levels
A big Tuesday reversal in risk markets has seen bitcoin (BTC) climb nearly 10% from its weakest level of the session and the Nasdaq move into the green after being lower by nearly 2% earlier in the day.Buffeted about by Trump's tariff threats for weeks, stocks and crypto initially were sharply lower today as the levies against Mexico, Canada and China actually went into effect.Dip-buyers emerged late in the U.S. morning, though, and with a bit more than an hour to go before the close of stock trading, the Nasdaq is sporting a 0.7% advance on the session. The S&P 500 has narrowed a large early loss to just 0.25%.Trading just above $88,000, bitcoin is now ahead 1.5% over the...