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Potential buyers are evaluating an acquisition of parts of Gemini Space Station (GEMI), the crypto exchange backed by the billionaire Winklevoss twins, according to a person with direct knowledge of the matter.The New York-based firm said in February that it was cutting its global workforce by 25% and shutting down its operations in the U.K., the European Union and Australia and keeping only its U.S. and Singapore businesses. Some would-be acquirers are interested in buying the company’s now-shuttered operations in Europe and the U.K. to obtain regulatory licenses in these jurisdictions and are not interested in a full takeover of…
Bitcoin and Ethereum’s dominance is being directly challenged in a new outlook from Bloomberg Intelligence strategist Mike McGlone, who believes that an unexpected contender is positioning itself to overtake both. Tether USDT’s market cap is steadily closing in on Ethereum, and Mike McGlone thinks the stablecoin’s ascent is only getting started, while the two largest cryptocurrencies may be headed in the opposite direction. The Unlikely Contender Gaining Ground Mike McGlone, senior macro strategist at Bloomberg Intelligence, has singled out Tether (USDT) as the asset most likely to reshape the crypto market hierarchy in the near future. The crypto market has grown…
Bithumb’s $43B Bitcoin error shifts into legal action, exposing user risk and accelerating regulatory scrutiny in South Korea. South Korea’s crypto sector is facing renewed scrutiny after a major operational error at Bithumb triggered legal action and regulatory backlash. The exchange has begun court proceedings to reclaim Bitcoin mistakenly distributed to users during a February promotion. Authorities and legal experts are now weighing in as the incident raises broader concerns about exchange controls and accountability. Market participants are also assessing the financial and legal risks tied to erroneous crypto transfers. Bithumb Freezes Accounts as Legal Battle Begins Over Mistaken Bitcoin…
Prediction markets are seeing steady growth in the U.S., but a wave of legal disputes and shifting competition is beginning to reshape the sector, a new report from Bank of America said.Total weekly volume rose 4% week-over-week, according to the report, with Kalshi — a federally regulated exchange — leading gains at 6%. Crypto.com posted a smaller increase, while Polymarket, a crypto-native platform that had surged in prior weeks, saw overall volumes fall 16%.Kalshi now controls roughly 89% of measured U.S. prediction market volume, far ahead of Polymarket at 7% and Crypto.com at 4%, according to BofA estimates. The shift…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A crypto analyst has shared the best time for investors and traders to reenter the Bitcoin (BTC) market, and it’s not April 13. Instead, he has set the next potential buy zone for next year, citing Bitcoin’s halving dynamics as a key factor behind his projection. As the current market prepares for another bout of volatility amid ongoing bearish conditions, the analyst views this date as a strategic opportunity for investors. He also outlined a disciplined buy-and-sell strategy designed to help investors and traders capture the highest…
Bhutan routes BTC to exchange-linked wallets as inflows dry up, suggesting continued liquidation pressure. Recent activity shows the Royal Government of Bhutan continuing to reposition its Bitcoin holdings. On-chain transfers point to potential selling routes tied to major crypto platforms. The movements follow months of steady outflows from government-linked wallets. Exchange-Linked Bitcoin Transfers from Bhutan Signal Possible Selling Activity Bhutan has shifted about 319.7 BTC, worth roughly $22.68 million, according to blockchain tracker Onchain Lens. Around 250 BTC was directed to a wallet commonly tied to transactions involving Galaxy Digital and OKX. The Royal Government of Bhutan moved 319.7 $BTC…
Securitize has appointed former U.S. Securities and Exchange Commission (SEC) official Brett Redfearn as president and a member of its board, adding regulatory experience as the firm prepares to go public this year.Redfearn, who previously led the SEC’s Division of Trading and Markets, will work with Securitize’s leadership team to scale its offerings across issuance, trading and fund administration, the company announced in a press release. The company focuses on turning traditional financial assets, such as funds or private credit, into blockchain-based tokens that can be traded more easily.His appointment comes at a time when tokenization is gaining traction among…
The global asset manager owned by billionaire Steve Cohen is in the midst of a capital rotation, fully exiting multiple names while opening new positions. Point72 Asset Management’s latest 13F filing shows that the firm dumped its stake in the retail giant Walmart (WMT), selling all 1,941,836 WMT shares worth $200.125 million in Q4 of 2025. Cohen’s asset management firm also unloaded 100% of its position in the payments firm PayPal (PYPL). Point72 sold 876,306 PYPL shares valued at $58.765 million. And the firm dropped all of its holdings in the data streaming platform Confluent (CFLT), dumping 17,206,434 CFLT shares…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cardano’s (ADA) prolonged downside price action has failed to influence or slow down the engagement and demand for the leading blockchain network. During fading price strength, the network has been building up its pace with user activity witnessing one of its biggest growth in history. Network Usage On Cardano Makes History With a growing, volatile cryptocurrency landscape, the price of Cardano has steadily faced bearish pressure and persistent pullback. However, this has not been the case for the Cardano network, as momentum has been observed growing across…
Kuala Lumpur, Malaysia, April 9th, 2026, Chainwire Enhanced Labs Inc, a company focused on building DeFi solutions that package sophisticated options and derivatives strategies into very easily-accessible products for users, has successfully closed a $1,000,000 strategic pre-seed funding round. The round was led by Maximum Frequency Ventures with participation from GSR, Selini, Flowdesk, and other angel investors. The team has highlighted that this is a strategic pre-seed round, with the composition of its investor base being intentional, prioritising strategic alignment. These investors have targeted expertise in trading infrastructure, market-making, institutional distribution, and more. According to the announcement article , Enhanced’s…