Crypto News
Anti-Graft Agency Arrests 792 Suspects in Major Crypto Romance Scam Bust in Nigeria
The Nigerian Economic and Financial Crimes Commission (EFCC) recently arrested 792 suspects involved in crypto romance scams. Scams Traced to Foreign Kingpins The Nigerian anti-graft body, the Economic and Financial Crimes Commission (EFCC), recently arrested 792 suspects implicated in crypto romance scams. The arrests followed a raid on a building believed to be a hubSource link
Australia’s ASIC Sues Binance for Misclassifying 505 Retail Investors
Australia’s securities regulator is suing Binance’s local subsidiary for allegedly misclassifying 505 retail investors as wholesale clients. Retail Users Misclassified Australia’s securities regulator is suing Binance’s local subsidiary for allegedly misclassifying 505 retail investors as wholesale clients, thus denying them appropriate consumer protections. In its lawsuit filed in federal court, the Australian Securities and InvestmentsSource link
Hawkish Fed Has Bitcoin Market Feeling Most Fearful in 3 Months
Crypto traders initial worries about a hawkish Fed materialized Wednesday as Chairman Jerome Powell cut interest rates but expressed uncertainty about the speed and extent of future easing. And now the sentiment has deteriorated. Bitcoin's seven-day call-put skew shows that Deribit-listed put options offering downside protection and expiring in one week are trading at the highest implied volatility premium to call options since September, according to data source Amberdata. In other words, put options are the most expensive relative to calls in three months.Its a sign of traders scrambling to hedge their bullish bets against a potential continuation of Wednesday's price slide, triggered by a hawkish Fed.The dour sentiment is also evident from the negative one-month skew, reflecting a bias...
Bitcoin’s Nosedive to Under $100K Shaves $700M Crypto Longs, XRP Drops 5%
A bitcoin (BTC) slump spiraled into over $700 million worth of liquidations across futures tracking major tokens, with XRP and dogecoin (DOGE) products recording unusually high losses.BTC fell under $100,000 in late U.S. hours before slightly recovering during early Asian hours Thursday, as the Federal Reserve hinted at a few rate cuts in 2025. Fed chair Jerome Powell then said at a post-FOMC press conference that the central bank wasn’t allowed to own bitcoin under current regulations — in response to a question about President-elect Donald Trump’s strategic reserve promises."That's the kind of thing that Congress should consider, but we are not looking for a law change," Powell said. In a July campaign, Trump said the government would keep 100%...
Is the Owner of Peanut the Squirrel a Serial Memecoin Opportunist?
The 34-year-old mechanical engineer turned pornstar, is allegedly involved in multiple memecoin scandals. Owner of Peanut the Squirrel Faces Accusations Mark Longo meticulously crafted the persona of a warm-hearted animal lover, unfairly targeted by a tyrannical government entity. When Longo’s home was raided by New York State Department of Environmental Conservation (NYSDEC) agents on OctoberSource link