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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Tornado Cash co-founder Roman Storm says shutting down a website might not be enough to keep a crypto protocol out of legal trouble — and his warning comes at a critical moment for Umbra. Crypto Protocol Umbra Takes Its Front End Offline The privacy-focused crypto protocol announced Tuesday it had pulled its hosted website offline after reports surfaced that hackers had been using it to move stolen funds. According to Umbra, roughly $800,000 in stolen assets passed through the protocol. The decision to go dark, the team…
Trump’s pardon rejection forces SBF into an appeal-only strategy after stepping back from retrial efforts. Former FTX CEO Sam Bankman-Fried has withdrawn his request for a new criminal trial. Court filings show he chose to pause the effort while continuing to challenge his conviction through appeal. His decision follows scrutiny from prosecutors and questions raised by the presiding judge. SBF Drops Retrial Request After Questions Over Filing Process A filing submitted in the United States District Court for the Southern District of New York confirmed that Bankman-Fried is dropping his Rule 33 motion. That motion had sought a new trial…
A 5% stake in AI coding startup Cursor that FTX’s bankruptcy estate sold for $200,000 in April 2023 would be worth about $3 billion today, following SpaceX’s agreement this week to acquire the company at a $60 billion valuation.SpaceX said Monday it has the right to buy Cursor later this year for $60 billion or to pay $10 billion if the full acquisition does not proceed. The deal is founder Elon Musk’s move to close the gap with OpenAI and Anthropic on AI coding tools, an area where he recently said xAI, the Musk-run AI company that merged with SpaceX,…
Several veteran crypto analysts are suddenly turning bullish on Bitcoin as BTC hovers around $78,000. The pseudonymous analyst DonAlt tells his 720,800 followers on X that Bitcoin is likely heading to the $90,000 range after printing higher high prices on the weekly timeframe. “I don’t see why so many are bearish here based on technicals. You can easily justify being bearish because of geopolitics. But chart wise, really doesn’t look bad. I remain cautiously optimistic about BTC price.” Source: DonAlt/X Looking at the trader’s weekly chart, he suggests that Bitcoin will likely reclaim $82,000 and $86,000 as support levels before…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TRON has quietly become one of the most important stablecoin settlement layers in crypto — $85 billion in circulating USDT and $21 billion in daily transfer volume make that difficult to argue against. What it has lacked, until now, is a clean bridge to the broader DeFi ecosystem that most builders and users actually operate in. That gap just closed. LI.FI, the multichain liquidity aggregator that handles cross-chain bridging and swapping for a significant portion of DeFi’s active applications, has integrated TRON into its orchestration layer. The…
FTX’s former assets could be worth $114B today, showing huge missed gains after bankruptcy sales and market recovery. The collapse of FTX still creates new headlines today. Recently, a post linked to Sam Bankman-Fried shared surprising figures. It asserted that the best assets of FTX might be valued at $114B. But these assets were sold previously in bankruptcy. FTX Asset Sales Reveal Massive Missed Opportunities In 2022, FTX went bankrupt due to a suddent collapse. Thus, its legal department started to sell assets rapidly to pay users. These sales were based on court-approved plans and were intended to refund. Nevertheless,…
A key indicator tracking the overall health of the bitcoin BTC$78,342.45 market has just flashed a neutral signal for the first time since prices peaked above $126,000, signaling that the bear market may have ended.But here’s the catch: The neutral reading on the indicator turned out to be a false signal a few years ago.That indicator is CryptoQuant’s Bitcoin Bull Score Index, a composite metric that measures the health of the bitcoin market by analyzing ten key on-chain indicators, including blockchain activity, investor profitability, and liquidity.It has climbed to 50 for the first time since the downtrend from $126,000 began.…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The project team dared Justin Sun to go to court. Now he has. Justin Sun, the founder of the Tron blockchain and the single largest individual investor in World Liberty Financial, filed a lawsuit in a California federal court on Wednesday against the Trump-family-backed crypto project. Sun says the project’s team froze his tokens and threatened to destroy them with no valid reason — a move he tried to resolve privately before turning to the courts. “I have tried in good faith to resolve this situation with…
Clarity Act markup may shift to May as Lummis and Tillis differ on timing while OCC starts proposed GENIUS Act rulemaking. The Clarity Act is moving toward a possible May markup as Senate talks continue. Senator Cynthia Lummis wants a faster path, while Senator Thom Tillis supports more time. The split comes as lawmakers weigh stablecoin yield concerns, bank pressure, and a tighter legislative calendar. At the same time, the OCC has started proposed rulemaking tied to the GENIUS Act. Related reading: Failure to Pass CLARITY Act May Expose Crypto to Future Crackdowns Timing Dispute Shapes Next Step for Clarity…
Bitcoin BTC$77,929.06 has pulled back slightly after briefly approaching the $80,000 mark on Tuesday.At the time of writing, it was trading at $77,794, still up 0.4% over the past 24 hours, after hitting a peak of $79,388 before gradually easing lower during the overnight session.The 24-hour low of $77,464 was set Thursday morning, meaning the full range of the move was about $1,900. Ether (ETH) slipped 0.7% to $2,344, XRP (XRP) fell 1.7% to $1.42, solana (SOL) dropped 1.5% to $85.83, and BNB declined 0.6% to $635.Brent crude held above $95 a barrel as the U.S. maintained its naval blockade…