Galaxy Digital shares began trading on the Nasdaq stock exchange May 16, completing a years-long process that CEO Mike Novogratz called unfair and infuriating, CNBC reported. The crypto and infrastructure company, which is also listed in Canada, opened trading at $23.50 in its Nasdaq debut. Trading began on the same day Galaxy disclosed that it … Read more
World Liberty Financial Inc. has denied claims of ties to Bill Zanker and his entity, calling these assertions unfounded. Blumenthal Claims Based on ‘Fundamentally Flawed Premise’ The Trump family-affiliated cryptocurrency company World Liberty Financial Inc. (WLFI) has rejected as unfounded assertions that it has ties to Bill Zanker or his company. In a letter, shared … Read more
Topline President Donald Trump launched attacks on a pair of billionaire musicians, Taylor Swift and Bruce Springsteen, in a series of Truth Social posts Friday morning, both of whom are vocal critics of Trump and have sparred with him in the past. Trump has long been critical of Swift, who has endorsed his presidential opponents. … Read more
Key takeaways: Bitfinex margin longs fell 18%, despite Bitcoin price rising 24% in 30 days. $6.8 billion in long positions far outweight the current $25 million in shorts. Bitcoin options positioning and spot BTC inflows point to confidence from institutional investors. Bitcoin (BTC) price climbed 23.7% over the past 30 days, yet traders on Bitfinex … Read more
Bitcoin’s cycle tops have steadily declined from 15× to 2.65× the 2-Year Simple Moving Average. Despite lower cycle multiples, BTC is showing signs of structural strength. Over the past eight years, Bitcoin [BTC] has seen a massive shift in its price behavior as the market matures. With each cycle, BTC’s peak has formed at a … Read more
Zach Witkoff, one of the co-founders of the Donald Trump family-backed crypto platform World Liberty Financial (WLFI), has rebuffed efforts by US lawmakers to investigate the president’s potential conflicts of interest. In a May 15 letter to Senator Richard Blumenthal, lawyers for World Liberty Financial claimed a call to investigate the crypto platform was based … Read more
A federal judge has sentenced Eric Council Jr., one of the individuals responsible for posting a fake message announcing regulatory approval of spot Bitcoin exchange-traded funds, to 14 months in prison. Following a May 16 hearing in the US District Court for the District of Columbia, the Justice Department announced that Council would serve 14 … Read more
The cryptocurrency, which has surged in recent weeks on growing legal clarity and wider market momentum, is now facing turbulence as a court ruling stalls its legal resolution with the U.S. Securities and Exchange Commission (SEC), while underlying network activity weakens. XRP Lawsuit Hits Procedural Roadblock In a pivotal development for the long-standing XRP lawsuit, … Read more
Christy Goldsmith Romero of the US Commodity Futures Trading Commission (CFTC) will step down on May 31, leaving three seats open at the financial regulator. In a May 16 announcement, Romero said her last day at the agency would be on May 31, ahead of her initial plans to leave if the Senate confirmed former … Read more
XRP has completed wave A and is now targeting the $2.55 resistance in the next upward move. Analyst predicts XRP could hit $3.3333 after wave B builds and wave C confirms the breakout. Support at $2.35 and $2.22 may help XRP hold ground if bearish pressure begins to build. XRP is believed to be preparing … Read more