Category: Altcoin News

HYPE Rises 20% After Hyperliquid Backs Prediction Markets

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HYPE gained double digits on Monday after the team behind HyperCore, the core infrastructure powering Hyperliquid’s layer-1 network, said it will support the HIP-4 proposal to expand into prediction markets. The integration would allow fully collateralized contracts on Hyperliquid, the largest decentralized perpetual futures crypto platform, enabling traders to wager on political elections, sports and other markets. In an X post on Monday, Hyperliquid said the support was driven by “extensive user demand” for prediction markets and bounded options-like instruments, while adding that HIP-4 could allow other novel applications to…

Tether Launches MiningOS, An Open-Source Bitcoin Mining Platform

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Stablecoin issuer Tether has released its open-source Bitcoin mining software, describing it as a means to simplify and scale Bitcoin mining while promoting further decentralization in the sector. In a post on X on Monday, Tether announced the rollout of MiningOS (MOS), stating that the software stack is a modular, scalable operating system built for use by anyone from hobbyists up to large-scale institutions.  “The mining industry has long been limited by closed systems and proprietary tools. MiningOS changes that — introducing transparency, openness, and collaboration into the core of…

Fenwick Settles FTX User Lawsuit Over Work for Exchange

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The plaintiffs filed the lawsuit in 2023, accusing the law firm of playing “a key and crucial role” in “how the FTX fraud was accomplished.” FTX users and Fenwick & West have reached a proposed settlement over a 2023 lawsuit alleging the law firm helped carry out the fraud that led to the crypto exchange’s collapse over three years ago. Fenwick and lawyers representing FTX users said in a joint filing to a Florida federal court on Friday that they plan to lodge the proposed settlement with the court for…

Here’s 4 Supporting Data Points

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Key takeaways: Bitcoin fell to $74,680 after futures market liquidations, yet derivatives data show no signs of panic or extreme bearishness. Spot Bitcoin ETF outflows reached $3.2 billion, but represent less than 3% of assets under management. Bitcoin (BTC) price plunged to $74,680 on Monday after a total of $1.8 billion in bullish leveraged positions were liquidated since the market downturn on Thursday. Traders moved into cash and short-term government bonds, especially after silver prices fell 41% over three days. Concerns over stretched valuations in the tech sector pushed investors…

ParaFi Capital Backs Jupiter with $35M Strategic Investment

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Jupiter said it has secured a $35 million strategic investment from ParaFi Capital, marking the first time the Solana-based onchain trading and liquidity aggregation protocol has taken outside capital after years of bootstrapped, profitable growth. The transaction involved token purchases at market prices with no discount and an extended lockup period and was settled entirely in Jupiter’s JupUSD stablecoin, the companies said. Financial terms beyond the $35 million investment were not disclosed. Source: Jupiter The investment comes as Jupiter has processed more than $1 trillion in trading volume over the…

Bed Bath & Beyond to Acquire Tokens.com, Expand into Tokenized Assets

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Bed Bath & Beyond has signed an agreement to acquire Tokens.com as part of a push into real estate finance and tokenized real-world assets, combining traditional financial products with blockchain-based infrastructure. According to a company announcement on Monday, Tokens.com, a blockchain-focused financial infrastructure company, will be used to develop a platform focused on real estate finance, tokenized securities and other real-world assets (RWAs), integrating blockchain systems with regulated financial services. Bed Bath & Beyond already owns or holds strategic stakes in blockchain businesses, including tZERO and GrainChain. Tokens.com will become…

NY Prosecutors Raise Alarm over GENIUS Act on Fraud: Report

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Several New York district attorneys have reportedly warned about the US federal stablecoin law, the GENIUS Act, claiming it fails to adequately address fraud. According to a Monday CNN report, New York Attorney General Letitia James and four district attorneys signed onto a letter saying that the GENIUS Act will “provide legal cover” for stablecoin issuers to potentially participate in fraud. The letter reportedly pointed a finger at issuers Tether and Circle, claiming that the companies have profited off crimes in stablecoin markets, specifically accusing Tether of only freezing some…

Crypto Figures in Epstein Files Explain Connections

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Alongside many of the world’s rich and powerful, some prominent leaders in the crypto industry are explaining their connections, however tenuous, with the late sex trafficker Jeffrey Epstein. The US Department of Justice (DOJ) released millions of new files on Saturday, among which appeared the names of several prominent crypto figures. The connections vary from passing mentions to possible investments and business ties with the disgraced former financier who was found dead in his prison cell in August 2019. With public speculation mounting over the files’ contents and calls for…

Trump’s Fed Nomination ‘Mixed’ Signal Bitcoin, US Liquidity: Economist

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US President Donald Trump has nominated former Federal Reserve governor Kevin Warsh to lead the US central bank, a move that has sent mixed signals for cryptocurrency markets and US dollar liquidity, according to market analysts. Trump nominated Bitcoin-friendly Warsh on Friday, and he is set to replace Jerome Powell when his term ends in May, assuming the Senate approves him. Warsh’s nomination could mean the Fed will continue its interest rate cut trajectory. But according to Thomas Perfumo, a global economist at cryptocurrency exchange Kraken, it also signals that…

South Korea’s FSS Details AI Upgrades for Crypto Abuse Detection

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South Korea’s financial watchdog has expanded the use of artificial intelligence to monitor digital asset markets, signaling a shift toward automated, data-driven enforcement as trading activity grows more complex.  On Monday, the country’s Financial Supervisory Service (FSS) said it has upgraded its Virtual Assets Intelligence System for Trading Analysis (VISTA), a model used to investigate unfair crypto trading. An automated detection algorithm has been added, the FSS said, which can spot potential price-manipulation periods without manual intervention. From manual analysis to systemized oversight The FSS said the new algorithm uses…