Category: Bitcoin News

US Midterms may Fuel Crypto, Stock Market Recovery: Binance Research

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The US midterm elections may be the next catalyst to kickstart the crypto and stock market recovery, according to historical data shared by Binance Research. According to a Wednesday report from Binance Research, US midterm election cycles have historically been followed by strong rebounds in stocks and Bitcoin (BTC), potentially setting up a recovery window for risk assets after the 2026 vote. The 12 months following US midterm elections have resulted in an average 19% rise in the S&P500 and 54% rise for Bitcoin in the three post-midterm years on…

Stablecoins Are Becoming Crypto’s Largest Wasted Resource

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Opinion by: Artemiy Parshakov, vice-president of Institutions at P2P.org Stablecoins sit at the center of the digital asset economy, functioning as the de facto cash layer for onchain markets. With over $300 billion now held in stablecoins, they often exceed the transaction volumes of many traditional payment networks. Yet most of this capital is static. Across exchanges, wallets and corporate treasuries, stablecoin balances largely remain idle. Public datasets from DeFiLlama, Glassnode and others all suggest that a significant stablecoin supply remains inactive for months at a time. This is not a…

JPMorgan Sued Over $328M Crypto Ponzi Scheme

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JPMorgan is facing a lawsuit for allegedly enabling a $328 million crypto Ponzi scheme run by now-defunct Goliath Ventures. Investors on Tuesday filed a proposed class action in the US District Court for the Northern District of California, accusing JPMorgan of ignoring suspicious transactions and allowing Goliath to use its infrastructure to collect investor funds. The lawsuit notes that despite JPMorgan CEO Jamie Dimon’s repeated criticism of Bitcoin (BTC), the bank allegedly failed to prevent crypto scammers from carrying out fraudulent wire transactions. “Chase, by virtue of its Know Your…

Legal Dispute Emerges Over 61,000 Bitcoin Seized by UK Police

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Victims of a Chinese investment fraud are challenging a United Kingdom proposal to compensate them through a Chinese redress scheme, arguing the plan could leave British authorities holding much of the upside from roughly 61,000 Bitcoin seized in a money-laundering investigation. According to the Financial Times, citing court documents, the dispute has moved into the UK High Court as groups representing victims seek to recover funds linked to the cryptocurrency seized by police in London. The Bitcoin (BTC) haul is now worth about 3.2 billion pounds ($4.3 billion) after rising…

Bonk.fun Domain Hijacked to Push Crypto Wallet Drainer

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Bonk.fun warned users not to use its site after attackers hijacked the domain and pushed a fake wallet-draining prompt. The domain of Solana-based platform memecoin launchpad Bonk.fun has been hijacked after attackers gained access to a team account and deployed a wallet-draining scheme through the site. The Bonk.fun account on X warned users early Thursday not to interact with the website while the team worked to secure the domain. “A malicious actor has compromised the BONKfun domain, do not interact with the website until we have secured everything,” the project…

The Honest Number Behind AI Agent Payments: a16z

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Payment transaction volumes among artificial intelligence agents are more than 90% lower than reports suggest, but crypto giants are pouring billions into building the infrastructure around it. AI agents are starting to buy things, but “the numbers are inconsistent,” Andreessen Horowitz (a16z) partner Noah Levine wrote in an X post on Wednesday. He said a Bloomberg article on Saturday reported that AI agents made $24 million in payments over a 30-day period, citing data from x402.org. Levine said that data from Allium Labs shows there have been roughly $3 million…

Bank of England Signals Flexibility on Sterling Stablecoin Holding Limits

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Bank of England Deputy Governor Sarah Breeden told UK lawmakers that the central bank is open to alternative ways to manage stablecoin risks other than imposing holding limits. Speaking before the House of Lords Financial Services Regulation Committee on Wednesday, Breeden said the proposed holding limits are designed to prevent a mass migration of deposits from banks into stablecoins, arguing it could curtail lending and reduce credit availability for businesses and households. “We are genuinely open to other ways of achieving the objective. I think you’ve heard from other people…

Kalshi Preemptively Sues Iowa to Defend Sports Contracts

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Prediction market Kalshi has sued regulators in the US state of Iowa, claiming it did so as there was a risk of an impending enforcement action over its sports event contracts. Kalshi sued Iowa Attorney General Brenna Bird, along with the Iowa Racing and Gaming Commission and its board, in an Iowa federal court on Wednesday, claiming there “is a substantial risk” Bird would bring enforcement action to block the company’s event contracts. In its complaint, Kalshi said a company representative met with Bird for what was believed to be…

Metaplanet Expands Bitcoin Strategy with New Venture Firm

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Bitcoin-buying company Metaplanet has established a new venture firm, Metaplanet Ventures, to support Bitcoin ecosystem development in Japan, as the country looks to recognize Bitcoin as a regulated financial asset within the next two years. Metaplanet said on Thursday that Metaplanet Ventures K.K. will be tasked with funding, incubating and scaling companies that build regulated Bitcoin financial infrastructure, particularly those that strengthen Japan’s domestic ecosystem and make it a stronger competitor internationally. Metaplanet said it is expanding its Bitcoin strategy on the expectation that Bitcoin (BTC) will be reclassified as…

Clear Street and Marex Group May Soon Offer Prediction Markets to Clients

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US-based prime brokers, financial institutions that provide services to hedge funds, are reportedly working to give their clients access to Kalshi’s event bets, with prediction markets booming over the past year.  According to a report from Bloomberg on Wednesday, executives from both Clear Street and Marex Group Plc confirmed that their firms expect to open up access to Kalshi’s prediction markets in the near future. Clear Street, which is valued at over $12 billion, is expected to be the first of the two to make the jump, with CEO Ed…