Category: Other Crypto News

Paper losses and scrapped ETFs. What Trump Media’s 2,650 BTC transfer really means

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However, this model cuts both ways. On one hand, it lets companies raise capital on a wave of market optimism. On the other, it forces them to absorb the volatility of the underlying asset when prices fall. For a public company, the situation is even more complicated. Accounting obligations mean financial losses quickly become public, and any asset movements against that backdrop attract intense scrutiny. The recent discussion around Trump Media & Technology Group (TMTG) shows exactly that. Amid paper losses on its crypto strategy, the company moved 2,650 BTC…

Indonesia Blocks Polymarket After Bets on President’s Exit

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Indonesia blocked access to Polymarket after the prediction market platform hosted wagers on whether President Prabowo Subianto would leave office before the end of his term. Indonesia’s Ministry of Communication and Digital Affairs (Komdigi) announced the block on Friday, describing Polymarket as an “online gambling site disguised as a prediction market.” “The government will not allow any form of online gambling in Indonesia,” ministry official Alexander Sabar said, adding: “Activities like Polymarket involve betting and speculation on uncertain outcomes, thus violating Indonesian law.” The move adds Indonesia to a growing…

HYPE Rally Accelerates Above $60 As High-Profile Whale Quietly Builds His Position

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HYPE has surged above its all-time highs, reaching $65 yesterday in a move that has captured the attention of the broader crypto market at a moment when most assets are struggling under selling pressure. The breakout is significant on its own terms — but data from Hyperliquid has surfaced a detail about who is accumulating the asset that adds a layer of conviction signal to the price action that the chart alone cannot provide. Related Reading Garrett Jin — the whale identified as the trader who placed a $735 million…

Nobody Claimed These 39,069 Bitcoin Wallets For Six Years — Now A Court Will Decide Who Owns Them

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A New York man identified in court documents only as Noah Doe has filed a lawsuit in the Supreme Court of the State of New York seeking legal ownership of 39,069 abandoned Bitcoin wallets — assets he discovered using a self-developed algorithm, reported to the NYPD in compliance with lost and found property law, and spent over a year attempting to return to their rightful owners before filing suit. The First Amended Complaint, filed May 1, 2026, under index number 153119/2026 and filed through Brooklyn-based law firm Lewis & Lin…

Tether Plans GELT Stablecoin Under Georgia Crypto Rules

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Stablecoin issuer Tether and the government of Georgia plan to launch a stablecoin called “GELT” that would represent the Georgian lari under the country’s digital asset regulatory framework. On Monday, Tether said the stablecoin is expected to support cross-border commerce and digital payments in Georgia. The company said GELT’s structure, rollout and regulatory implementation will be announced at a later stage. The plan builds on Georgia’s recent efforts to develop rules for digital assets and stablecoins, including a framework covering reserve management, redemption rights, issuer oversight and Anti-Money Laundering compliance.…

American Mega Bank Is Dumping Its Ethereum Holdings, Here’s What It’s Buying

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Ethereum is losing ground inside one of America’s largest banking portfolios as Bank of America sharply pivots toward Bitcoin-linked investment products. Fresh SEC filings from the banking giant reveal a noticeable reshuffling of its crypto exposure during the first quarter, with Ethereum and Solana positions reduced while Bitcoin allocations expanded aggressively through spot ETFs and indirect treasury exposure. Ethereum Retreats, Bitcoin Expands The latest 13F filing from Bank of America paints a clear picture of where institutional conviction is shifting. While the bank still maintains exposure across several crypto-related products,…

Bitcoin Rally Faces Fresh Test As Demand Metric Hits 2026 Low

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Bitcoin’s demand backdrop has weakened sharply, according to CryptoQuant analyst Darkfost, who said an on-chain gauge of apparent demand has fallen to its most bearish reading of the year. Darkfost, posting on X under the handle @Darkfost_Coc, shared a CryptoQuant chart showing Bitcoin Apparent Demand on a 30-day sum basis falling deep into negative territory. The analyst said the metric is now approaching minus 147,000 BTC, marking its weakest level since the beginning of 2026. “Bitcoin’s Apparent Demand has just reached its most negative level since the beginning of the…

Chun Wang Joins SpaceX Lunar and Mars Missions

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Chun Wang, the Chinese-born Maltese entrepreneur who founded the Bitcoin mining pool F2Pool, has joined SpaceX’s first planned interplanetary mission to Mars after “purchasing” the mission. SpaceX announced Thursday that the two-year-long mission will explore beyond the moon, fly by Mars, and return to Earth. Wang has also bought a ticket for a planned weeklong commercial spaceflight around the moon that will launch before the Mars mission. “I believe that even without private investment in lunar flights, we will still reach the Moon, and likely very soon. As competition between…

Bitcoin ETFs on Brink of Net Outflow Territory For 2026

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The US spot Bitcoin exchange-traded fund market is closing in on recording net outflows for this year after Friday saw the funds hit six consecutive days of outflows. Net inflows into the Bitcoin ETFs so far in 2026 have shrunk to $536 million after the market bled another $105.2 million on Friday, as BlackRock’s iShares Bitcoin Trust (IBIT) lost $68.9 million and the Fidelity Wise Origin Bitcoin Fund (FBTC) recorded outflows of $36.3 million. While no other US-based Bitcoin ETF registered a change in flows, Friday’s outflow contributed to the…

Dogecoin (DOGE) Bounce Under Threat As Resistance Caps Further Gains

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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…