EU Parliament Adopts Digital Assets Policy Position After MiCA Deadline

EU lawmakers on Tuesday adopted a position paper on digital assets, setting out their view on how the bloc should approach crypto regulation after the rollout of its Markets in Crypto-Assets (MiCA) framework. The paper calls on the European Commission to assess whether activities including decentralized finance (DeFi), crypto lending and borrowing, staking and non-fungible … Read more

Digital Chamber Backs Dismissal of NY Lawsuit on 39,069 Dormant Bitcoin Wallets

Blockchain trade association the Digital Chamber filed an amicus brief in the New York lost property case seeking ownership of thousands of dormant Bitcoin addresses.  The Monday filing is the second amicus brief in the case. It opposes the claims of ownership, arguing that treating dormant wallets as abandoned property would create a “pervasive cloud … Read more

SEC’s Shocking ETF Rule Change Ignites Crypto Frenzy , What’s Next for Bitcoin?

The U.S. Securities and Exchange Commission (SEC) has just dropped a bombshell on the cryptocurrency world. They’ve announced a new regulatory framework for “novel ETFs,” and this move could change everything for crypto investors. This isn’t just a small update; it’s a major shift that has the market buzzing with a mix of excitement and … Read more

Injective CEO on Layer-1 Centralization Risk

Layer-1 blockchains will come under increasing pressure to sacrifice decentralization for speed and efficiency as adoption of the technology grows, according to Injective CEO Eric Chen. This pressure will come from the need to satisfy users’ desire for faster speeds or more block space for higher throughput, Chen told Cointelegraph’s Chain Reaction podcast on Monday.  … Read more

Strategy Sells $216M Bitcoin, Bollinger Bullish on BTC: Hodler’s Digest

Strategy sells 3,588 Bitcoin for $216M to fund dividends Michael Saylor’s Strategy sold 3,588 Bitcoin (BTC) to fund preferred stock dividend payments and replenish its cash reserves. Strategy sold the Bitcoin for $216 million, reducing its total holdings to 843,775 Bitcoin, according to a Monday 8-K filing with the US Securities and Exchange Commission. This … Read more

Bitcoin Bounces Above $63K Following Strategy-fueled Selloff

Key takeaways: Bitcoin derivatives show resilience despite bearish pressure from Strategy’s Bitcoin sales. Onchain Bitcoin data points to sellers’ exhaustion, strengthening the $60,000 support level. Bitcoin price quickly recovered from the selloff to $61,300 that followed Strategy’s Bitcoin sale announcement. Despite the negative impact on traders’ sentiment, the additional $216 million cash position eased concerns … Read more

Bitmine Announces $74M Ether Buys as Chair Says ‘Greater Chances of Clarity Act Passage’

Bitmine Immersion Technologies, holding one of the largest Ether (ETH) stockpiles as part of its treasury strategy, said Monday it added of $74 million worth of the second-biggest crypto by market cap, in contrast with Strategy, a major Bitcoin (BTC) holder, which offloaded coins to fund its dividend payments. Bitmine said that it held 5,742,237 … Read more

Russian-Sberbank Plans Crypto Wallet And Digital Depository By December

Sberbank, Russia’s largest bank, intends to launch a cryptocurrency wallet and a digital depository once the country’s crypto legislation takes effect, a step that would put a state-controlled lender at the center of Russia’s emerging digital asset market. Kirill Tsarev, First Deputy Chairman of Sberbank’s Management Board, announced the plan to RBC Investments at the … Read more