Category: Bitcoin News

Bitcoin Leaves Exchanges as ETFs Absorb Supply and Holders Stay Bullish

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There are at least 400,000 fewer Bitcoin on exchanges compared to the same time last year, in a positive sign for the market, according to the market intelligence platform Santiment.  Over 403,000 Bitcoin (BTC) have moved off exchanges since Dec. 7, 2024, representing roughly 2% of the total supply, Santiment said in an X post on Monday, citing data from its sanbase dashboard. Users often move their Bitcoin away from exchanges into cold storage wallets, which, in theory, makes it harder to sell and could signal long-term plans to hold…

Polymarket Volume Double Counted In Analytics Dashboards

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Some of the reported trading activity and volume of prediction market platform Polymarket may be significantly higher than actual reality due to a “data bug,” according to a researcher at Paradigm. “It turns out almost every major dashboard has been double-counting Polymarket volume not related to wash trading,” said Storm, a researcher at the venture capital firm. Storm explained that this was because “Polymarket’s onchain data contains redundant representations of each trade.” “Polymarket’s onchain data is quite complex, and this has led to widespread adoption of flawed accounting methods.”  When…

CFTC Updates Rules to Launch Pilot Program for Crypto Collateral

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The US Commodity Futures Trading Commission (CFTC) has issued updated guidance for tokenized collateral in derivatives markets, paving the way for a pilot program to test how cryptocurrencies can be used as collateral in derivatives markets. Collateral in derivatives markets serves as a security deposit, acting as a guarantee to ensure that a trader can cover any potential losses.  The digital asset pilot, announced by CFTC acting chairman Caroline Pham on Monday, will allow futures commission merchants (FCM) — a company that facilitates futures trades for clients — to accept…

Saylor Says Bitcoin-Backed Digital Banks Could Tap $200T Credit Market

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Michael Saylor, CEO of the world’s largest Bitcoin treasury holder, is pushing nation-states to develop Bitcoin-backed digital banking systems that offer high-yield, low-volatility accounts capable of attracting trillions of dollars in deposits. Speaking at the Bitcoin MENA event in Abu Dhabi, Saylor said countries could use overcollateralized Bitcoin (BTC) reserves and tokenized credit instruments to create regulated digital bank accounts that offer higher yields than traditional deposits.  Saylor noted that bank deposits in Japan, Europe and Switzerland offer little to no yield, while euro money-market funds pay roughly 150 basis…

US Judge Asks for Clarification on Do Kwon’s Foreign Charges

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With Do Kwon scheduled to be sentenced on Thursday after pleading guilty to two felony counts, a US federal judge is asking prosecutors and defense attorneys about the Terraform Labs co-founder’s legal troubles in his native country, South Korea, and Montenegro. In a Monday filing in the US District Court for the Southern District of New York, Judge Paul Engelmayer asked Kwon’s lawyers and attorneys representing the US government about the charges and “maximum and minimum sentences” the Terraform co-founder could face in South Korea, where he is expected to…

Singapore Widens Ripple’s MPI License, Unlocking Full Cross-Border Payments

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Key takeaways MAS has expanded Ripple’s MPI license, allowing the company to offer a much wider range of regulated payment services and marking a notable regulatory milestone for the company’s operations in Singapore. Ripple first secured a full MPI license in 2023, enabling digital payment token services but limiting comprehensive end-to-end payment capabilities until the restrictions were removed in the 2025 expansion. The upgraded license now permits full cross-border payment processing, regulated XRP and RLUSD services, liquidity solutions, on/off-ramps and enterprise-grade settlement tools under Singapore’s strict oversight. The expanded license…

Ripple Exec Says XRP Needs a Solana-Style Playbook to Keep Up

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Key takeaways: Luke Judges states that technical strength alone cannot guarantee long-term competitiveness, suggesting that XRP could benefit from Solana’s pragmatism and execution speed. Judges believes Solana’s market traction comes from practical engineering and a fast go-to-market strategy rather than protocol design alone. David Schwartz takes the opposite position, arguing that XRPL’s reliability and stability are more valuable than pursuing high-throughput chains. Judges highlights that developer onboarding, tooling and validator incentives are critical for sustaining growth and reducing centralization risks. Luke Judges, global partner success lead and director of Ripple,…

Ripple’s $500M Raise Draws Wall Street With Protected Deal — Report

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Ripple’s $500 million raise in November marked a striking turn for a company once defined by its bruising, multiyear battle with the US Securities and Exchange Commission. As its legal challenges ease and Ripple pushes beyond cross-border payments toward a more ambitious crypto-native settlement stack, the company is repositioning itself in ways that are increasingly attracting major Wall Street investors. The round, which Cointelegraph reported valued Ripple at $40 billion, one of the highest valuations for a private company, drew an unusually heavy institutional roster. Investors included Citadel Securities, Fortress…

USDT Wins Regulatory Recognition in Abu Dhabi’s ADGM

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Tether’s USDt, the largest stablecoin by circulation, has secured a regulatory milestone in Abu Dhabi’s international financial center, opening the door for licensed institutions to use the token in regulated services. Announced Monday, USDt (USDT) was formally recognized as an “accepted fiat-referenced token,” allowing regulated firms in the Abu Dhabi Global Market (ADGM) to offer trading, custody and other services involving the stablecoin.  ADGM — an international financial center and free economic zone — has become a magnet for digital asset companies seeking clear rules and institutional access. Tether CEO…

Bitcoin Stays Volatile as Wall Street Selling Returns

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Bitcoin (BTC) fell back below $90,000 around Monday’s Wall Street open as US selling pressure returned. Key points: Bitcoin keeps volatility coming as US sellers send price back below $90,000. Liquidations remain steady as investors stay on the sidelines amid indecisive price action. Evidence of buying the dip is visible across exchanges over the past two weeks. BTC price runs out of room as Wall Street returns Data from Cointelegraph Markets Pro and TradingView showed BTC price action staying volatile as the TradFi trading week got underway. BTC/USD one-hour chart.…