Crypto lending company Nexo Capital will pay a $500,000 to California’s financial regulator over allegations it issued thousands of loans to state residents without properly assessing their ability to repay. The California Department of Financial Protection and Innovation (DFPI) said on Wednesday that Nexo made at least 5,456 consumer and commercial loans to Californians without … Read more
Uniswap has launched on X Layer, a layer-2 blockchain built by crypto exchange OKX, becoming the chain’s preferred decentralized exchange as OKX expands its decentralized finance footprint. The integration gives X Layer users access to Uniswap’s markets, including crypto token pairs and liquidity pools, with swaps executed at layer-2 costs and no fees charged by … Read more
The Kaito.ai and Cookie DAO tokens fell over 15% after X’s ban, a move X’s head of product Nikita Bier said should improve user experience on the social media platform. Artificial intelligence-powered crypto platforms such as Kaito.ai and Cookie DAO have been banned from paying users to post content on X to curb the amount … Read more
Lawmakers and crypto industry bigwigs have hit an impasse over the crypto market structure bill that had been making its way through the Senate. Now the future of the bill is uncertain as legislators go back to the drawing board. The initial goal had been to pass the landmark crypto legislation by September 2025. The … Read more
Bank of America CEO Brian Moynihan warned that interest-bearing stablecoins could pull as much as $6 trillion out of the US banking system, arguing that large-scale deposit migration would reduce lending capacity and push borrowing costs higher. The comments surfaced after a crypto investor shared a screenshot from Bank of America’s earnings call transcript on … Read more
The legislation would allow the state‘s treasury to hold digital assets with a market capitalization of more than $750 billion, which applied only to Bitcoin as of January. West Virginia State Senator Chris Rose has proposed legislation amending the state’s code to allow the treasury to invest up to 10% in precious metals, certain digital … Read more
Key takeaways: Retail traders remain sidelined despite BTC’s rebound, as low funding rates and muted interest point to fragile investor sentiment. Institutional investors are buying the spot Bitcoin ETFs again and corporate buyers building BTC treasuries could help send BTC back to $100,000. Bitcoin (BTC) price stabilized near $95,500 on Thursday following an 8%, 3-day … Read more
Ether (ETH) is trading near $3,300, and one futures market trend points to another 10% to 25% upside move. However, the market may first see a liquidation-driven price dip before any sustained rally develops. Key takeaways: Ether’s Leverage Ratio is near 0.60, a level that has historically preceded 10% to 25% rallies after short pullbacks. … Read more
Social media buzzed this week after Bitcoin blocks 932129 and 932167 were mined without an immediately visible pool tag, prompting speculation that a solo miner had struck it rich, a familiar “Bitcoin lottery” narrative that briefly captured the market’s attention. The excitement, however, had less to do with the blocks themselves than with what their … Read more
Coinbase CEO Brian Armstrong has weighed in on the future of a cryptocurrency market structure bill under consideration in the US Senate less than 24 hours after he said the exchange could not support the current version of the legislation. In a Thursday CNBC interview in the US Capitol building, Armstrong spoke after posting on … Read more