New Zealand man arrested in $265M crypto scam tied to FBI probe

A man from Wellington, the capital city of New Zealand, has been arrested in connection with an FBI-led investigation into a global cryptocurrency fraud operation that allegedly stole $450 million New Zealand dollars ($265 million). According to New Zealand Police, the man is one of 13 individuals charged after authorities executed search warrants across Auckland, … Read more

Bitcoin breaks out while Coinbase breaks down: Finance Redefined

News broke on May 15 that Coinbase was the target of a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data for social engineering scams. While less than 1% of Coinbase’s active monthly users were reportedly affected, the expected remediation and reimbursement expenses range from $180 million to $400 million, … Read more

Bitcoin Poised For $120,000 Rally As Wyckoff Accumulation Hits Final Phase, Analyst Says

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure As Bitcoin (BTC) trades within striking distance of its all-time high (ATH) of $108,786, recorded earlier this year in January, several indicators suggest that sustained bullish momentum could soon push the top cryptocurrency to new highs. Bitcoin Enters Final Phase Of Wyckoff … Read more

Bitcoin supply crunch boosts confidence in $200K target for 2025 — Bitwise CIO

Matt Hougan, chief investment officer at Bitwise, predicts Bitcoin (BTC) will reach $200,000 by the end of 2025 due to a supply shock from heightened institutional demand. In an interview with Cointelegraph at Consensus 2025 in Toronto, the executive said that Bitwise’s Bitcoin price prediction model is driven exclusively by supply and demand metrics. Hougan … Read more

River CEO: Businesses Increasingly Buying Bitcoin

Alexander Leishman, CEO of River, a financial company that provides zero-fee bitcoin recurring purchases services, has highlighted how businesses are increasingly adopting bitcoin as part of their corporate treasury strategy. On social media, Leishman revealed that several companies had enrolled River as part of their bitcoin accumulation processes. He noted that just in the last … Read more

Panama City mayor teases Bitcoin reserve after meeting El Salvador’s Bitcoin leaders

Panama City Mayor Mayer Mizrachi has hinted at establishing a city-level Bitcoin reserve in a cryptic post following his meeting with two of El Salvador’s Bitcoin policy leaders. “Bitcoin Reserve,” Mizrachi wrote to X on May 16 after meeting El Salvador-based Bitcoiners Max Keiser and Stacy Herbert. While Mizrachi didn’t share details about his discussions … Read more

Bitcoin hits $103K, but long-term holders still unconvinced – Why?

Long-Term Holder NUPL stayed flat at 0.69 despite Bitcoin rallying from $85K to over $103K, reflecting muted conviction. Stock-to-Flow Ratio surged 116.67% post-halving to 43.5K, deepening Bitcoin’s scarcity narrative. Bitcoin’s [BTC] long-term holder NUPL has returned to 0.69—identical to the 1st of April levels—despite BTC rising from $85K to $102K during that time. In other … Read more

Stablecoin Market Reaches $246.5B As USDT And USDC Dominate 85% Of Sector

USDT and USDC control over 85% of the $246.5B stablecoin market capitalization. DAI and USDe show high trading volumes despite relatively lower market capitalizations. Smaller stablecoins like USDO and USDY reflect increasing diversity in the stablecoin ecosystem. According to new data published by Phoenix Group, the total market capitalization of stablecoins reached $246.50 billion as … Read more