Author: boss

Crypto Markets Shed $80B Amid Fresh US Strikes on Iran

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Cryptocurrency markets have shed around $80 billion in value over the past 24 hours, with losses accelerating after the US reportedly carried out a new wave of military strikes on Iran. The US ​military carried out new strikes late on Wednesday targeting ‌an Iranian military site and shooting down four Iranian attack drones, which a ​US official told Reuters posed a threat around the Strait of Hormuz. “These actions were measured, ‌purely ⁠defensive, and intended to maintain the ceasefire,” the official said. Iran’s Islamic Revolutionary Guard Corps reportedly released a…

CFTC Seeks to Reverse Gemini Settlement

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The US Commodity Futures Trading Commission has asked a federal court to vacate its $5 million settlement with crypto exchange Gemini, claiming that the agency’s enforcement action was based on flawed allegations. Gemini settled with the CFTC and paid a $5 million fine in January 2025 in the final weeks of the Biden administration after the agency accused it of making false or misleading statements related to a Bitcoin futures contract. The CFTC filed a joint motion with Gemini in a Manhattan court on Wednesday seeking to vacate the settlement,…

Cathie Wood Doubles Down On $1.25 Million Bitcoin Target

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ARK Invest CEO Cathie Wood has defended her bull case for Bitcoin reaching $1.25 million within five years, arguing that institutional allocation, digital-gold substitution and Bitcoin’s hard-coded scarcity remain the central pillars of the forecast. Speaking on Fox Business In Depth: The Crypto Campaign on May 26, Wood said ARK’s $1.25 million projection represents the firm’s bull case rather than its base case. The base case, she said, is “closer to $750,000.” But she framed the more aggressive target as a product of several overlapping shifts: younger investors treating Bitcoin…

Bitcoin Bears Break $75K Support: Is $70K Next?

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Bitcoin’s (BTC) rising funding rate and aggregated open interest suggest bullish investors are opening longs in an attempt to defend the range lows and an important support at $70,000, but another day of spot ETF outflows has investors concerned that the institutional stance on BTC is shifting. As shown in the chart below, Bitcoin open interest remains relatively stable despite the day-over-day selling, further re-enforcing the view that long positions are either topping up to stay open or newly created. The cross-exchange funding rates (the last indicator at the bottom…

Bitcoin’s 4-Year Rhythm Is Still Playing Out, Says Crypto CEO

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

FBI Pulls $40M in Gold Bars From CIA Official’s Fairfax County Home in Theft Case – Bitcoin News

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Key Takeaways FBI agents seized 303 gold bars worth over $40M from CIA official David Rush’s Virginia home on May 18, 2026. Rush allegedly fabricated degrees and military service for nearly 20 years to maintain top-secret CIA clearance. Like DEA Agent Carl Mark Force IV in 2015, Rush faces federal theft charges for exploiting insider access to divert government assets. Senior CIA Official David Rush Faces Federal Theft Charge David Rush, who held a senior executive service-level position and top-secret/sensitive compartmented information clearance at the CIA, now faces a federal…

Bitcoin Sends An Unusual Signal After Miner Inflows Top 20,000 BTC – Analyst Explains The Setup

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Bitcoin is struggling to reclaim higher levels as the price tests the $76,000 level and the market searches for the structural support needed to prevent the correction from extending further. The backdrop is challenging — but a CryptoQuant report has identified a specific event in the miner flow data that adds an important layer of context to the current price action, and the most significant detail is not the event itself but what happened immediately after it. Related Reading On May 18, miners sent approximately 21,000 BTC to Binance in…

Bitcoin Pulls Back, But Futures Traders Turn Bullish: Long Squeeze Setup?

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Data shows the Bitcoin Funding Rate for the perpetual futures market has turned positive recently, a sign that bullish positions are dominating. Bitcoin Funding Rates Have Been Green Recently In a new post on X, analytics firm Glassnode has discussed the latest trend in the Bitcoin Funding Rate. This metric measures the average amount of periodic fees that perpetual futures traders are paying each other on the various centralized exchanges right now. When the value of this indicator is positive, it means long contract holders are paying a premium to…

Kraken Launches Bitcoin Yield Product

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Crypto exchange Kraken has launched a non-custodial Bitcoin product, giving a 2.5% yearly yield, adding to the company’s yield product offerings amid a rising investor demand for crypto reward products. Kraken unveiled the product on Wednesday with the support of crypto yield infrastructure provider Veda, which said the offering seeks to remove “the headaches that come with wrapping Bitcoin, moving assets, or managing a crypto wallet.” Kraken’s offering comes as Bitcoin (BTC) holders’ demand for yield products has risen, but have seen limited development as the Bitcoin blockchain does not…

Bitcoin Price Extends Decline Rapidly As Key Supports Collapse

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Bitcoin price started a fresh decline below the $75,500 zone. BTC is consolidating and might struggle to stay above the $74,000 support. Bitcoin failed to stay above $76,000 and extended losses. The price is trading below $75,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $74,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $75,000 and $75,500 levels. Bitcoin Price Dips Further Bitcoin price failed to stay…