Crypto billionaires are threatening to leave the state of California after a prominent trade union proposed a 5% assets tax on residents worth more than $1 billion. The Service Employees International Union-United Healthcare Workers West proposed the new tax back in November 2025. The trade union suggested that the new tax would bring in up to $100 billion from 200 state residents, more than making up for federal funding cuts to California’s state healthcare program. The measure will require 850,000 signatures before it can be put on the ballot for…
Day: January 4, 2026
Wrench Attacks Against Crypto Holders Are Rising and More Violent
Physical attacks targeting cryptocurrency holders are becoming more frequent and increasingly severe, according to a new analysis of so-called “wrench attacks.” In a Sunday post on X, Haseeb Qureshi, who analyzed a dataset maintained by Bitcoin (BTC) security advocate Jameson Lopp, revealed that the total number of reported wrench attacks has risen steadily over time, and the nature of those attacks has escalated. After categorizing incidents into five levels, ranging from minor assaults to fatal outcomes, the data suggests the average attack has become more violent in recent years. Lopp…
Top Bitcoin (BTC) Price Predictions for 2026
“If the 4-year cycle is still in play, BTC will dump to $32,000 in January,” one analyst predicted. Bitcoin (BTC) has rallied in the opening days of the year (for now), fueling optimism among bulls that 2026 could be a highly rewarding period. Others believe the following 12 months will be generous only for the bears, envisioning a severe pullback. The Bullish Scenario The largest cryptocurrency had its shining moments in 2025, and its price reached a new record of over $126,000 at the beginning of October. However, the…
Why Is Ripple’s (XRP) Price Up Today?
XRP surged to a multi-week peak of well over $2.00. Ripple’s native token has taken the recent market revival phase by storm, gaining over 10% in the past week. It helped it reclaim two crucial resistance-turned-support levels, and even surpassed Binance Coin in terms of market cap. Perhaps the most notable reason behind this impressive increase, including a 5% jump since yesterday to $2.07, is the overall market gains seen by numerous altcoins and bitcoin, even after the US attacked Venezuela and captured its leader. However, data from SoSoValue…
BONK Skyrockets by 30% Daily, Bitcoin Taps 3-Week High Above $91K: Weekend Watch
Several meme coins have posted notable gains over the past day. Bitcoin’s price resurgence that started at the beginning of the year continued in the past 24 hours as the asset tapped a multi-week peak of just under $92,000. Many larger-cap altcoins have posted even more impressive gains daily, including ETH, which has reclaimed the $3,100 resistance, and XRP, which is close to $2.10. BTC Eyes $92K After closing 2025 as the first post-halving year in the red, bitcoin began 2026 on the right foot and quickly surged from…
Trump-Linked Crypto Assets Explode After US Attacks as Impeachment Odds Go Wild
WLFI has surged by double digits in the past day. The first weekend of the new year has become highly eventful as the United States carried out a quick and successful military operation against Venezuela. After blaming the country’s officials for certain drug operations, the US military bombed its capital, Caracas, and arrested its leader, Nicolás Maduro, and his wife. In his first interview and address to the nation after the attacks, US President Donald Trump claimed that his country will now run the oil industry in Venezuela, which reportedly…
Coinbase Pauses Fiat Operations in Argentina After Less Than a Year
Crypto exchange Coinbase has paused its local fiat operations in Argentina less than a year after formally entering the market, scaling back peso-based services while keeping its crypto functionality. According to a report by Forbes Argentina, Coinbase informed users that it is temporarily stepping back from maintaining local services following a review of its operations. The company described the move as a “deliberate pause” aimed at reassessing its approach and returning with a more sustainable product offering. The change primarily affects fiat rails. From Jan. 31, 2026, users will no…
Bitcoin ‘Correction’ Unlikely After US Strike On Venezuela: Analyst
Despite Bitcoin’s history of volatility during geopolitical tensions, its price is unlikely to fall in the coming days following the US strike on Venezuela, according to a crypto analyst. “I don’t think we’ll see a widespread correction based on the attack in Venezuela on Bitcoin,” MN Trading Capital founder Michael van de Poppe said in an X post on Saturday. The US strikes on Venezuela took place at around 6:00 a.m. UTC on Saturday and reportedly lasted for around 30 minutes. Van de Poppe anticipates the event will not directly…
Bitcoin Gained $3K Since The US Attacked Venezuela but Real Volatility Is Expected Today
BTC tapped a new multi-week peak after the attacks. Following the first shock retracement after the initial explosion in Venezuela’s capital Caracas, bitcoin’s price actually rebounded immediately and surged to almost $91,800 to mark its highest price level since December 12. Thus, the cryptocurrency added almost three grand since the attacks began from bottom to top before it retraced slightly to around $91,300 as of press time. BREAKING: Bitcoin surges above $91,000 as over $60 million worth of levered shorts are liquidated in 1 hour. Bitcoin is now up…
Ritchie Torres Targets Insider Trading on Prediction Markets
US Representative Ritchie Torres is preparing to introduce legislation aimed at curbing insider trading on prediction markets, following scrutiny around a highly profitable wager tied to the sudden capture of Venezuelan President Nicolás Maduro. In a Sunday post on X, Punchbowl News founder Jake Sherman said Torres plans to introduce the Public Integrity in Financial Prediction Markets Act of 2026. The bill would prohibit federal elected officials, political appointees and executive branch employees from trading prediction market contracts linked to government policy or political outcomes when they have nonpublic information…