Category: Other Crypto News

US Democrats Push for FTC Investigation Into Prediction Markets

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Nine Democratic lawmakers in the US House of Representatives have called on the Federal Trade Commission to launch a probe into how prediction markets are advertising to customers compared to how they present themselves to regulators. In a statement on Wednesday, US Representatives Kevin Mullin and Gabe Vasquez said the FTC should investigate whether online prediction market platforms are misleading customers by advertising as gambling platforms while telling regulators they are financial tools offering investment products. Prediction markets allow users to trade contracts on the outcome of future events. They…

Zcash Fixes Critical Vulnerability As ZEC Holds $600 Support

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Zcash has patched a dangerous vulnerability in its privacy-focused infrastructure that could have enabled double-spending, deploying an emergency network upgrade to prevent exploitation. Related Reading Zcash Fixes Critical Bug With Emergency Upgrade On Wednesday, the Zcash Foundation revealed that developers had fixed a serious vulnerability in its Orchard shielded pool, which could have allowed invalid state transitions, potentially enabling double-spending within the pool. According to the report, Zcash researcher Taylor Hornby, who is conducting an ongoing protocol audit on behalf of Shielded Labs, discovered a critical soundness vulnerability in the…

Bitcoin Falls Below $66K As Short-Term Holder Stress Reaches February Levels

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Bitcoin has lost the $66,000 level as selling pressure and uncertainty intensify across a market that is now testing support levels not seen since the early stages of this year’s recovery. The breakdown is accelerating, and a CryptoQuant report has identified a specific pattern in the on-chain data that places the current selling in a historical context that traders will recognize immediately. Related Reading Short-term holders are realizing losses at the strongest pace since early February. The “STH Loss to Binance” metric on Binance dropped to -16,400 BTC on June…

Bitmine Launches $300M Preferred Stock Offering for Ethereum

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Ethereum treasury company Bitmine Immersion Technologies is launching a $300 million perpetual preferred stock offering, borrowing a page from Strategy’s financing playbook.  Bitmine told the SEC on Wednesday that it intends to offer 3 million of its 9.5% Series A perpetual preferred stock at $100 per share, which will trade under the symbol BMNP within 30 days of issuance.  Preferred shares are a hybrid of stocks and bonds. Investors are not directly betting on the company’s growth but lending it money in exchange for regular payments. For every $100 share,…

XRP Already Powers Real Banking Activity, Says Evernorth, With More Growth Expected

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Evernorth says daily activity on the XRP Ledger has climbed to nearly 3 million transactions, up from about 1 million in mid-2025, and the firm is now pointing to banks and other financial companies as the next source of demand. Real Banks Are Moving In According to the XRP-focused treasury company, some of the busiest names on the network over the past year include Bitstamp, Ripple’s RLUSD stablecoin, and Braza Bank. The firm says that kind of traffic shows more than trader interest, with real financial activity taking place on…

Global Crackdown Targets Southeast Asia Crypto Scam Operations

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Crypto exchange Coinbase said it froze more than $3 million in cryptocurrency tied to a global operation targeting cyber-enabled crypto scam networks in Southeast Asia.  The operation was part of Disruption Week led by the US Department of Justice’s Scam Center Strike Force, which brought together government entities and private industries to tackle crypto fraud targeting Americans.  “This operation is proof that scammers can’t be stopped by any single company or agency acting alone,” said Coinbase.  “It took social platforms, financial institutions, connectivity providers, and law enforcement working in lockstep…

Crypto Is A ‘Failed’ Asset Class, Says Renowned Economist

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Economist and macro trader Alex Krüger has argued that “crypto” has largely failed as an asset class, even as blockchain-based adoption accelerates across stablecoins, tokenization, prediction markets, perps, AI and privacy-focused assets. In a post on X, Krüger drew a sharp distinction between the speculative crypto market of recent cycles and the parts of the industry he believes are still showing meaningful traction. His central claim was blunt: most crypto tokens have failed to produce durable value for holders, while founders and insiders have repeatedly used the sector’s weak guardrails…

Bitcoin Holders Signal Stress, $60K Becomes Critical Battleground

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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…

Smart Money Keeps Buying HYPE Despite Rising Market Fear – Price Holds Above $70 Level

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HYPE is trading above $70 as the market faces selling pressure and uncertainty that has weighed on most crypto assets throughout recent sessions. The token’s ability to hold above that level while the broader ecosystem struggles is itself a signal — but Arkham Intelligence data has revealed a pair of institutional transactions that add a specific and deliberate dimension to the current price resilience. Related Reading Galaxy Digital — the institutional digital asset firm founded by Mike Novogratz and one of the most closely watched institutional participants in the crypto…

Bitcoin Traders Turn Most Fearful In 2 Months Following Crash

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Data shows the sentiment in the cryptocurrency sector has plummeted deep into extreme fear as Bitcoin and other assets have crashed. Bitcoin Fear & Greed Index Has Dropped To A Low Of 11 The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment present among traders in the Bitcoin and wider cryptocurrency markets. The index uses a numerical scale running from zero to hundred for representing the investor mentality. All values on this scale above 53 correspond to a sentiment of…