Crypto News
Bitcoin Registers Biggest 3-Day Price Slide Since FTX Debacle. What Next?
Bitcoin's (BTC) prolonged range play above $90K has concluded bearishly this week, and how?The 12.6% drop observed in the first three days of the week (per UTC hours) marks the largest decline since the FTX bankruptcy in November 2022, according to data from TradingView.The sell-off is consistent with CoinDesk's analysis earlier this month, which noted investor disappointment over the lack of swift action from President Donald Trump's administration on creating the promised national BTC reserve and tightening fiat liquidity conditions.Institutional demand for the largest cryptocurrency and its second-largest peer, ether (ETH), weakened, pushing the CME futures market closer to backwardation, a market condition where spot prices are higher than prices for futures. Additionally, Nasdaq, the Wall Street's tech-heavy index, has...
Bitcoin Miner MARA Posts Record Quarterly Revenue, Beating Estimates
Despite reduced Bitcoin production, MARA's quarterly revenue surged to $214.4 million, driven by a significant rise in Bitcoin prices.Source link
FBI Arrests Three in Pig Butchering Crypto Scam Tied to $13M Fraud Scheme
Federal authorities arrested three individuals in California for allegedly laundering over $13 million from victims of crypto investment scams known as “pig butchering.” The suspects, including Chinese nationals Mingzhi Li and Zeyue Jia, along with Jun Shi, allegedly created shell companies—Magic Location Trading and Stone Water Trading—to operate unregistered money service businesses that funneled fundsSource link
CoreWeave Eyes $4B IPO, Could File for U.S. Listing Within a Week: Bloomberg
Artificial intelligence (AI) firm CoreWeave is planning to file for a public listing in the U.S. within a week, according to a Bloomberg report.The cloud computing firm wants to raise around $4 billion from the listing, the report said, citing people familiar with the matter. It is targeting a valuation of over $35 billion, the report added. CoreWeave was not immediately available for comment.On Wednesday, bitcoin mining firm Core Scientific and CoreWeave said they were planning a $1.2 billion data centre expansion in Texas.CoreWeave's IPO plan is the latest in a series of U.S. listings by crypto-related firms, including Blockchain.com, BitGo, Gemini and eToro.Source link
Bybit Is Back: Crypto Exchange Resumes Full Operations in India After FIU Approval
Bybit is back in India! After overcoming regulatory hurdles and a security breach, the crypto exchange fully restores services, resuming new user onboarding and trading access. Bybit Reinstates Services in India After Regulatory Compliance Cryptocurrency exchange Bybit has officially registered with Indian authorities, allowing the platform to fully restore its services in the country. TheSource link