Strategic Leadership Addition Crypto custody firm Copper has announced the appointment of Tammy Weinrib as its new Chief Compliance Officer and Bank Secrecy Act (BSA) Officer for the Americas. This strategic move, disclosed in a press release on Monday, signifies Copper’s commitment to strengthening its compliance framework as it expands its footprint in the U.S….
Historic Sell-Off in Crypto ETPs Crypto exchange-traded products (ETPs) have recently encountered their largest weekly sell-off on record, with investors withdrawing approximately $2.9 billion from these funds. This startling statistic was highlighted in a report released by CoinShares on Monday, marking a pivotal change in market sentiment. Shift in Investor Sentiment The significant outflows represent…
Massive Leverage and a Bold Move A daring trader on the decentralized derivatives platform Hyperliquid made headlines by leveraging a staggering 50x to open a long position worth $200 million on Bitcoin (BTC) this past Sunday. This gamble, made just before a significant announcement from U.S. President Donald Trump regarding the nation’s crypto reserve, paid…
Recent Developments in the Crypto Market President Trump made headlines over the weekend with a controversial post about the U.S. government’s cryptocurrency reserves. This announcement triggered a significant short squeeze, leading to a surge in Bitcoin’s price. However, as the dust settles, early trading on Monday shows that these gains are quickly reversing. Bitcoin’s Price…
Daily Performance Snapshot In the latest market analysis, CoinDesk Indices provides insights into the performance of various cryptocurrencies within the CoinDesk 20 Index. This daily update highlights both the standout performers and those that have lagged behind. Current Index Performance The CoinDesk 20 Index is currently valued at 3109.04, reflecting a significant increase of 14.5%…
Seeking Financial Accountability As the dust settles on its recently concluded enforcement case, Coinbase is taking bold steps to hold the U.S. Securities and Exchange Commission (SEC) accountable for its expenditures related to cryptocurrency investigations and enforcement actions. The leading U.S. cryptocurrency exchange has filed a Freedom of Information Act (FOIA) request through its contractor,…
The U.S. Securities and Exchange Commission (SEC) is significantly reducing its involvement in major cryptocurrency litigation initiated during the tenure of former Chair Gary Gensler. However, several crypto firms are still facing legal challenges. Ongoing Legal Battles Despite the SEC’s retreat, four notable lawsuits remain active against various crypto companies: Ripple, Kraken, Cumberland DRW, and…
XRP Experiences a Brief Pullback XRP, the cryptocurrency known for its focus on payments, has taken a breather following an impressive surge to $3. This rally was sparked by former President Donald Trump’s announcement regarding plans for a strategic token reserve that includes not only XRP but also Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and…
Significant Bitcoin Acquisition Metaplanet has made headlines with its recent purchase of 156 BTC, spending a substantial $13.4 million at a price of $85,590 per bitcoin. This strategic move has bolstered Metaplanet’s year-to-date yield on BTC to an impressive 31.8%. As of March 3, the company has increased its holdings to a total of 2,391…
Bitcoin’s Remarkable Price Increase Bitcoin (BTC) has experienced a stunning rise in its spot price, climbing 9.5% from approximately $84,100 to over $94,000 on Sunday. This surge was largely influenced by President Donald Trump’s announcement designating Bitcoin, along with four other cryptocurrencies—Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA)—as part of the United States’ strategic…
