Bybit Ethereum Theft Drives Total Crypto Losses to a Record $2.1 Billion in 2025
Simply put The amount of cryptocurrency stolen by hackers in the first half of 2025 has reached record levels. Hackers have taken over $2.1 billion in that timeframe. According to TRM Labs, a blockchain intelligence firm, North Korean hackers are primarily to blame. In the first six months of 2025, hackers stole $2.1 billion from […]
Trump’s World Liberty Crypto Project Secures $100 Million Investment from UAE Fund
Simply put The Aqua 1 Foundation, based in the UAE, has invested $100 million in World Liberty Financial Tokens. WLFI is the native token associated with the Presidential World Liberty Financial Project, which has the backing of Trump. World Liberty Financial operates as a decentralized finance platform on Ethereum. World Liberty Financial, a crypto initiative […]
Important U.S. Senator Informs White House Crypto Market Structure Legislation Will Be Completed by September 30
New Crypto Legislation Update In Washington, D.C., on Thursday, U.S. Senator Tim Scott, who chairs the Senate Banking Committee, addressed the White House’s crypto advisor concerning the timeline for U.S. crypto market regulations. According to Scott, the proposed rules are aligned with former President Donald Trump’s vision but are anticipated to arrive sooner than the […]
FHFA instructs Fannie Mae and Freddie Mac to evaluate crypto as a mortgage asset
Housing Market Update: Cryptocurrency Considered as Mortgage Assets U.S. housing regulators are now requiring Fannie Mae and Freddie Mac to factor cryptocurrencies into their risk assessments for single-family mortgages. William Prute, the director of the Federal Housing Finance Agency (FHFA), announced this directive on social media, stating that he has ordered the government-sponsored enterprises to […]
Filings for Solana and Pudgy Penguins ETFs Added to SEC’s Crypto Agenda
Simply put The proposed Invesco Galaxy Fund aims to track the performance of Solana. Currently, various companies like Fidelity, Vaneck, and Bitwise have applied to create Solana ETFs. The CBOE is seeking changes to the 19B-4 rule that would permit a set of funds based in Canary Capital, Peng. On Wednesday, U.S. regulators commented on […]
New plan may allow homebuyers to use crypto for mortgages under Trump administration.
Potential for Crypto in U.S. Mortgages Bill Prute, who is in charge of major housing entities Fannie Mae and Freddie Mac, hinted that U.S. home buyers might soon leverage cryptocurrency to enhance their mortgage applications. In his recent announcement, he stated, “After significant studies and in line with President Trump’s vision of making the U.S. […]
Crypto Bears Suffer Losses: $359M Vanishes as Bitcoin and Ethereum Recover
Cryptocurrency Market Sees Major Liquidation Event The latest data indicates that Bitcoin has rebounded, causing significant losses for short sellers and triggering a large wave of liquidations. Mass Liquidation in Crypto Sector Reports from Coinglass reveal a substantial liquidation in the cryptocurrency derivatives market. In this context, “closing” refers to a situation where an open […]
Crypto Expert Benjamin Cowen Anticipates Extended Downturn for Bitcoin and Suggests It’s Time to Face Reality for Altcoins
Market Analysis on Bitcoin and Altcoins Traders are increasingly focused on the fluctuating trends in both Bitcoin (BTC) and altcoins, highlighting ongoing uncertainties in the crypto landscape. Crypto analyst Benjamin Cowen shared with his million followers on social media that he anticipates Bitcoin might dip below the $100,000 mark. “We could see it fall back […]
BNB Surpasses Bitcoin? Chinese Firm’s Stock Soars with $1 Billion Crypto Treasury Strategy
Simply put Blockchain infrastructure firm Nano Labs is gearing up to acquire $1 billion in BNB shortly. The company’s long-term goal is to purchase Binance Link’s cryptocurrency, potentially amounting to $9.4 billion. News about this financial strategy, backed by convertible note sales, has nearly tripled Nano’s stock value. It seems like companies on the public […]
Bitcoin price increases as Israel-Iran truce starts, and Senate reveals significant crypto legislation
Cryptocurrency Market Reacts to Ceasefire Announcement Cryptocurrency prices saw a boost after former President Trump’s declaration of a ceasefire between Iran and Israel on Tuesday. Bitcoin, in particular, broke through the $105,000 threshold by noon that day. Meanwhile, ether climbed back above $2,400, and XRP experienced a rise to $2.19. This uptick in the market […]