Day: May 23, 2025

US federal court sends Danvers Bitcoin exchanger to prison for laundering over $1m

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A Danvers resident was convicted and sentenced for running an unregistered Bitcoin transmitting business that ignored federal anti-money laundering laws. A Danvers man was sentenced on Friday to six years in prison for running an unlicensed Bitcoin (BTC) money transmitting business that authorities say converted over $1 million in cash, including money linked to scammers and a drug dealer. Trung Nguyen โ€” also known as โ€œDCS420โ€ โ€” was sentenced to six years in prison, followed by three years of supervised release, and was ordered to forfeit more than $1.5 million…

TRX Enters Buy Zone After ETF Filing

Key Notes SEC reviews filing for a staked TRX ETF from Cboe BZX and Canary Capital. TRX is breaking out of the range-bound parallel channel $0.20โ€“$0.25. Buy/Sell Pressure Delta signals renewed buying interest and bullish sentiment in TRX. The US Securities and Exchange Commission (SEC) has recently acknowledged the 19b-4 filing by Cboe BZX Exchange for a staked Tron (TRX) ETF, proposed by Canary Capital. This marks another step in bringing altcoin-based ETFs to the US, as the SEC continues to evaluate several crypto-related products. Canary Capital submitted its registration…

Hyperliquid backs 24/7 crypto trading in CFTC comments submission

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Hyperliquid, a decentralized perpetuals exchange operating on its own layer-1 blockchain, has submitted formal comments on 24/7 derivatives trading to the United States Commodity Futures Trading Commission (CFTC). In a May 23 X post, Hyperliquid Labs announced that it has โ€œsubmitted two comment letters to the [CFTC] in response to its recent Requests for Comment on perpetual derivatives and 24/7 trading.โ€ The team behind the decentralized exchange (DEX) added: โ€œWe commend the CFTC for its proactive engagement on these topics, understanding of which is fundamental to the evolution of global…

MOODENG, MEW Jump 30% on Robinhood Hype

The overall meme coin market rally has caught investorsโ€™ attention, with two Solana-based meme assets, MOODENG and MEW, staging a strong 30% upside today following the listing on the popular Robinhood platform. This latest inclusion of these meme coins on Robinhood comes as the regulatory landscape becomes more favourable under the leadership of US President Donald Trump. Note that these are not the first meme coins to appear for trading on the Robinhood exchange. In November, Robinhood expanded its offerings by adding Pepe coin PEPE $0.000009 24h volatility: 1.5% Market…

DeFi’s zero onboarding costs allow it to reach 1.4B unbanked: 1inch co-founder

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Decentralized finance (DeFi) platforms have a major cost advantage over traditional banks when it comes to onboarding new users, according to Anton Bukov, co-founder of decentralized exchange (DEX) 1inch. Speaking at a panel during Dutch Blockchain Week on May 22 in Amsterdam, Bukov said traditional banks spend between $100 and $300 per user to verify documents and set up accounts. Online banks, he said, spend about $20 to $30. In contrast, DeFi requires almost nothing beyond a smartphone and internet access. โ€œOnboarding to DeFi literally costs zero,โ€ Bukov said. โ€œYou…

Bitcoin buyer dominance at $111K suggests ‘another wave’ of gains

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Key points: Bitcoin buyer interest remains strong at all-time highs, contrasting with the first touch of $100,000 in 2024. The BTC price uptrend โ€œmay continueโ€ as a result, CryptoQuant analysis concludes. Bitcoin short-term holders are firmly in the black in a further potential bull market boost. Bitcoin (BTC) buyers remain dominant on exchanges as all-time highs are met with unusual optimism. Data from onchain analytics platform CryptoQuant shows a 90-day cumulative volume delta (CVD) favoring Bitcoin bulls. CryptoQuant: BTC price uptrend โ€œmay continueโ€ BTC price all-time highs continue to find…

Michigan lawmakers introduce new crypto bills covering state investments, mining, and CBDCs

Four new cryptocurrency-related bills were introduced in the Michigan legislature this week, covering public pension investments in crypto, mining, income tax exemptions, and restrictions on CBDC support. As of May 23, four new proposed legislations, House Bills 4510, 4511, 4512, and 4513, have been introduced in the Michigan legislature, marking a coordinated push to define the stateโ€™s approach to cryptocurrency. ๐Ÿ‡บ๐Ÿ‡ธ NEW: Four new Bitcoin bills were introduced today in Michigan today 1. Allowing State Retirement fund investment 2. Banning CBDCs, and other rights protections 3 + 4. Allowing Bitcoin…

Can Dogecoin Really Hit $3.80? Analyst Says Yes, If This Happens

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artรญculo tambiรฉn estรก disponible en espaรฑol. Dogecoinโ€™s latest market structure is โ€œsignificantly better than in prior bull markets,โ€ according to Kevin, the crypto technician known on X and YouTube as @Kev_Capital_TA. In a video released…

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