Category: Other Crypto News

Hyperliquid Clarifies HYPE Token Shorting By Ex-Employee

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Decentralized perpetuals exchange Hyperliquid has addressed community concerns about a wallet that was believed to be linked to the internal team selling large amounts of HYPE (HYPE). Co-founder Iliensinc said on Hyperliquid’s Discord channel Monday that the wallet flagged by the community for shorting HYPE belongs to an ex-employee who was terminated in the first quarter of 2024. “This individual is no longer associated with Hyperliquid Labs, and their actions do not reflect our team’s standards or values,” Iliensinc wrote, referring to the address 0x7ae4…1028. The clarification followed weeks after…

Bitcoin’s $126K Sprint May Be Over — Fidelity Predicts 2026 Slide

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Fidelity’s top markets strategist has warned that Bitcoin’s October high of $126,000 could mark the top of the current cycle, and investors should be ready for a rough ride in 2026. According to Jurrien Timmer, a notable pullback is possible next year with key support seen in a range of $65,000 to $75,000. That view sits alongside data points and trader commentary that recall past big drops after sharp peaks. Cycle Warning From Fidelity Timmer said Bitcoin’s price history follows a roughly four-year rhythm tied to halvings. Past peaks have…

Metaplanet Reworks Capital Structure to Attract Institutional Investors

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Metaplanet approved an overhaul of its capital structure on Monday, allowing Japan’s largest corporate Bitcoin holder to raise funds through dividend-paying preferred shares aimed at institutional investors.    Investors approved five proposals that collectively expand Metaplanet’s ability to issue preferred shares, introduce new dividend mechanics and open participation to overseas institutional capital, said Dylan LeClair, the company’s Bitcoin strategy director. The approved measures include reclassifying capital reserves to allow for preferred share dividends and potential buybacks, doubling the authorized number of Class A and Class B preferred shares and amending…

Galaxy Predicts Bitcoin At $250,000 In 2027, Chaos In 2026

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Galaxy Research is willing to put a big number on the board, $250,000 bitcoin by the end of 2027, while basically refusing to pretend 2026 will cooperate with clean forecasting. The firm’s 2026 outlook calls next year “too chaotic to predict,” even as it concedes that new all-time highs could still happen somewhere in the mess. $250K Bitcoin By 2027, Turbulent 2026 “BTC will hit $250k by year-end 2027. 2026 is too chaotic to predict, though Bitcoin making new all-time highs in 2026 is still possible. Options markets are currently…

Before You Sell Bitcoin for Gold, Hear This Warning

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Bitcoin supporters are warning holders not to rush out of BTC to buy gold even as the metal climbs above $4,000 per ounce. According to market educator Matthew Kratter, Bitcoin’s features — like ease of transfer, clear supply rules, and divisibility — make it a stronger long-term store of value than gold. Related Reading Gold Supply Concerns Kratter points to steady increases in the gold supply, estimating it has risen about 1-to-2% annually for decades. Based on that rate, supplies would double roughly every 47 years. That steady growth, he…

Tether-Owned Northern Data Sold Miner Arm to Tether Execs

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The Tether-backed data centre operator Northern Data reportedly sold its Bitcoin mining business, Peak Mining, to three companies run by Tether executives. Northern Data was sold for up to $200 million to Highland Group Mining, Appalachian Energy, and an Alberta-based company, run by Giancarlo Devasini, Tether co-founder and chair, and its CEO, Paolo Ardoino, the Financial Times reported on Friday.  Filings reportedly show that Highland Group’s directors are Devasini and Ardoino, and the sole director of the Alberta company is Devasini, while it remains unclear who runs Delaware-based Appalachian Energy.…

US Lawmakers Push IRS to Fix Crypto Staking Tax Before 2026

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A group of 18 bipartisan US House lawmakers is pushing the country’s tax agency to review its rules on crypto staking taxes before the start of 2026.  In a letter sent to Internal Revenue Service acting commissioner Scott Bessent on Friday, the lawmakers, led by Republican Mike Carey, asked for a review and update guidance on “burdensome” crypto staking tax laws. “This letter is simply requesting fair tax treatment for digital assets and ending the double taxation of staking rewards is a big step in the right direction,” Carey said. …

XRP Price Recovery Attempt Sparks Question: Is Momentum Turning?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Stealka Malware Targets Crypto Wallets Via Game Mods

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New malware has been discovered that targets crypto wallets and browser extensions while disguising itself as game cheats and mods, says cybersecurity firm Kaspersky. Kaspersky reported on Thursday that it had uncovered a new infostealer dubbed “Stealka,” which targets Microsoft Windows user data. Attackers have used the malware, which was discovered in November, to hijack accounts, steal cryptocurrency, and install crypto miners on their victims’ computers while masquerading as video game cracks, cheats, and mods. The malicious software has been distributed through legitimate platforms like GitHub, SourceForge and Google Sites,…

Fed Seeks Input on Fed Accounts for Fintechs

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The US Federal Reserve is requesting public input on its proposed “payment account,” dubbed a “skinny master account” which fintechs and crypto firms are drawn to as it would allow access to the central bank without needing the typical approvals. “These new payment accounts would support innovation while keeping the payments system safe,” Fed Governor Christopher Waller said on Friday. In October, Waller recommended that the Fed explore the idea of implementing payment accounts to clear and settle certain transaction activities of eligible financial institutions. Waller added the Fed is…