Market News

These includes a regular updates on what is happening in the crypto market

KuCoin’s Founders Reached $297M Settlement Deal with DOJ

On January 28, 2025, the cryptocurrency exchange KuCoin agreed to pay a hefty $297 million in penalties, concluding a protracted…

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Brad Garlinghouse Pushes for US Crypto Reserve that Includes XRP

Brad Garlinghouse advocates for crypto reserve inclusivity and says such a reserve should include XRP, Bitcoin, and Ethereum. He wrote…

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MicroStrategy Plans to Expand Its Bitcoin Holdings with Hybrid Securities  

MicroStrategy, the enterprise analytics firm that has shifted its focus to Bitcoin, is making headlines with its innovative approach. The…

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Ethereum Address Creation Hits 27-Month High. Will Prices Follow?

In a remarkable turn of events, Ethereum has recorded 206,290 new addresses created between January 24th and 25th, achieving its…

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US SEC Rescinds SAB 121 Order, Now Allows Banks Bitcoin Custody

The US SEC rescinds the SAB 121 order via SAB 122. The Securities and Exchange Commission’s (SEC) recent repeal of…

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THORChain Faces Insolvency with $200M Rising Debt

The THORChain network, a prominent decentralized exchange (DEX) facilitating cross-chain swaps, has initiated a 90-day suspension of Bitcoin (BTC) and…

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Bullish! Bitwise Applied for Dogecoin ETF

Bitwise Asset Management applied for a Dogecoin exchange-traded fund (ETF) submitted yesterday and listed on Delaware’s Department of State Division…

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Phemex Suffered Gruelling Cyberattack with $31M Losses

On January 23rd, 2025, Phemex, a cryptocurrency exchange, temporarily suspended withdrawals after detecting approximately $31 million in suspicious outflows. Notably,…

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‘Trump First 200 Exec Order Includes Crypto’, David Bailey Says

David Bailey, Bitcoin Magazine’s CEO, posted on X that the Trump admininstration included cryptocurrency executive orders among its first 200.…

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SEC Acting Chair Announced the Establishment of Crypto Task Force

The Securities and Exchange Commission (SEC), under the acting chairmanship of Mark Uyeda, has announced the formation of a dedicated…

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