Chinese authorities have taken custody of Chen Zhi, a businessman linked to what U.S. officials have described as one of the largest cryptocurrency fraud and money laundering operations uncovered to date, according to statements from Cambodia’s Ministry of Interior. Summary Chen Zhi, officials allege, oversaw one of the largest crypto fraud and money laundering schemes on record. The founder of Cambodia-based Prince Group is accused by U.S. and U.K. authorities of operating a network involved in “pig butchering” scams, money laundering, and forced labor. Prince Group has denied the allegations,…
Day: January 7, 2026
Stocks Continue to Outperform Bitcoin Despite Trump’s Shenanigans
The cryptocurrency dipped 2.45% Wednesday afternoon after topping $94K on Tuesday. Meanwhile, stocks printed fresh all-time highs. Stocks Keep Beating Bitcoin Despite Trump’s Latest Drama In less than a week, U.S. President Donald Trump captured Venezuelan dictator Nicolas Maduro, assumed control of the world’s largest oil reserves, and allegedly threatened to annex Denmark. That last […] Original
All Crypto Holders! What To Expect In 2026 With YOUR CRYPTO! Major Crypto News!
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SUI Isn’t Done Yet: Weekly Accumulation Holds As Buyers Reload Below
SUI continues to show resilience on the weekly chart, holding firm within a key accumulation zone even after a sharp correction from its highs. Buyers are once again stepping in at lower levels, suggesting reloading rather than distribution, as market structure hints that smart money may still be positioning for a broader upside move. Weekly Structure Holds After Deep 2024 Reset According to Crypto Patel, SUI continues to hold a high-timeframe accumulation zone on the weekly chart following a deep correction from its 2024 highs. The broader market structure points…
BITCOIN DUMPS ON CHINA BAN, TETHER, & MICROSTRATEGY FUD & ELON BULLISH ON BTC!
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto News: Bitcoin crashes again as FUD of China banning crypto, Tether insolvency, and Michael Saylor’s Strategy having to sell BTC spreads. Elon Musk makes bullish statements about Bitcoin. Brought to you by 🔐 Safely Store your Crypto with Trezor Hardware Wallets – 💡Get the (Re)Thinking Crypto Book on Amazon – 🖥️ Learn Crypto with Expert Commentary – Sponsors: 🌟Uphold – Signup with Uphold. Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. 🏠 Propy (PRO) is a blockchain-based real…
Solana Stablecoin Market Cap Surges as RWA Market Grows
The market capitalization of stablecoins on the Solana layer-1 blockchain surged by $900 million over a 24-hour period on Tuesday. Stablecoins, blockchain tokens backed by fiat currency or debt assets, surged to a market cap of $15.3 billion on the Solana network, according to DeFiLlama. The dramatic surge came as decentralized finance platform Jupiter launched its JupUSD stablecoin, developed in partnership with synthetic stablecoin issuer Ethena. The Solana stablecoin market cap surges. Source: DeFiLlama Solana’s stablecoin ecosystem is dominated by Circle’s USDC (USDC), a dollar-pegged token, which accounts for over…
Crypto Reps to Fly into DC this Week to Address Market Structure Bill
With a markup event on legislation to address digital asset market structure scheduled for next week, representatives from cryptocurrency companies are expected to fly into Washington, D.C., and some will engage with lawmakers on the bill. Speaking with Cointelegraph on Tuesday, Cody Carbone, CEO of crypto advocacy organization The Digital Chamber, said it was “possible, if not likely,” that the Senate Agriculture Committee would hold a markup on its version of the Responsible Financial Innovation Act (RFIA) — the market structure bill — at the same time as the Senate…
Bitcoin rally stalls as ETFs see outflows
Bitcoin’s early 2026 surge hit a speed bump Wednesday, slipping to below $90,700 as U.S. spot Bitcoin ETFs recorded $243 million in net outflows, ending a two-day $1.16 billion inflow streak. Summary Fidelity’s Bitcoin ETF led redemptions with $312 million exiting, followed by Grayscale’s main and Mini Trusts totaling $116 million. Ark & 21Shares and VanEck funds also saw outflows. BlackRock’s iShares Bitcoin Trust bucked the trend, pulling in $228 million and bringing its net inflows to $888 million for the year so far. Experts framed the exodus as portfolio…
Gate.io Adds AI Market Analysis Tool as Exchanges Embrace AI
Cryptocurrency exchange Gate has added an AI-powered market analysis tool, called GateAI, to its trading app, offering automated summaries and explanations of market data. GateAI is available in version 8.2.0 and above of the Gate app and can be accessed across multiple areas of the platform, including token search, spot charts and the community feed. The company said the tool organizes market information based on existing data and is designed to flag uncertainty when conclusions cannot be verified. According to Wednesday’s announcement, the feature is intended as a decision-support tool…
Strategist Reveals What Will Drive XRP Price To $100 Per Coin
XRP has opened the year on a firm footing, reversing the bearish momentum that carried it through the closing weeks of last year. Interestingly, one strategist is already pushing the conversation far beyond near-term targets. In a recent post on the social media platform X, BarriC outlined a psychological roadmap that explains how XRP could eventually trade at $100 per coin. This roadmap is built around how investor attitudes start to change as XRP reaches different price levels, which will gradually turn disbelief into C and urgency. Complacency At $2…