A crypto founder has been arrested in New York for allegedly using his crypto firm, Evita Pay, to funnel around $530 million into the US from sanctioned Russian banks to help Russians access highly sensitive American technology. Iurii Gugnin was hit with a 22-count indictment and will face charges related to wire and bank fraud, … Read more
BitMine Immersion Technologies (BMNR), a notable player in the Bitcoin mining space, recently made headlines with a significant move that signals a potential shift in its corporate strategy. The company announced its first open market BitMine Bitcoin purchase, acquiring 100 BTC. BitMine Bitcoin Purchase: A New Chapter? According to a GlobeNewswire press release, BitMine confirmed … Read more
In brief Bitcoin’s implied volatility has dropped to 1-year lows as U.S.-China trade negotiations resume at Lancaster House in London. Bitcoin remains above $100,000 (currently ~$108,000) but stays range-bound despite growing appeal as a neutral reserve asset amid geopolitical tensions. While some view Bitcoin as a hedge against currency weaponization, others cite volatility and regulatory … Read more
Crypto infrastructure company Turnkey announced a $30 million Series B funding round on June 9, 2025. Crypto Infrastructure Firm Turnkey Secures Fresh Funding On Monday, the firm’s boss Bryce Ferguson disclosed that Bain Capital Crypto led the investment. Additional participants in Turnkey‘s funding included Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Variant, and Wintermute Ventures. This … Read more
Why are traders piling into $300K Bitcoin calls while hedging at $85K fades? Is this a signal the market is bracing for something explosive? Bitcoin price reclaims $107,000 as political jitters fade Bitcoin (BTC) has quietly stabilized after a volatile week in which political headlines briefly disrupted market sentiment. The public dispute between U.S. President … Read more
Crypto prices are showing strength to start the week, with Solana seeing the strongest bounce of any top 10 cryptocurrency on Monday. The SOL price successfully defended the $141 multi-month support level and is now testing key resistance levels. Sidelined investors could soon get an excellent buying opportunity to new highs. Meanwhile, high-quality coins are … Read more
KULR Technology Group Inc. acquired 118.6 bitcoin for approximately $13 million, increasing its corporate treasury holdings. The purchase price averaged roughly $107,861 per bitcoin, the company stated Monday. This brings KULR’s total bitcoin holdings to 920 BTC. Those 920 BTC represent a total investment of about $91 million, acquired at an average price of $98,760 … Read more
ProShares Trust and Bitwise each filed preliminary prospectuses with the Securities and Exchange Commission (SEC) on June 6 for exchange-traded funds (ETF) designed to track Circle’s CRCL shares. The ProShares Ultra CRCL ETF is a 2x leveraged product that seeks to deliver twice the daily move in CRCL by utilizing swaps and other derivatives, as … Read more
US Securities and Exchange Commission (SEC) Chair Paul Atkins took aim at the previous administration’s crypto policies in the regulator’s latest roundtable event exploring digital asset regulation. In a Monday event led by the SEC’s crypto task force titled “DeFi and the American Spirit,” Atkins said the prior administration, suggesting the agency’s stance on digital … Read more
Today, the Head of Digital Assets of BlackRock Robert Mitchnick, at the Bloomberg ETF IQ, talked about what’s really driving the surge in Bitcoin ETFs. “It’s a lot of things coming together. Out of the gate was retail and investor demand…” said Mitchnick. “Now, more recently, we’ve seen just steady progress of more wealth advisor … Read more