Category: Bitcoin News

FBI Not at Fault for Wiping 3.4K BTC From Hard Drive: Judges

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A man convicted of identity theft, who claims his hard drive with over 3,400 Bitcoin was seized and wiped by the FBI, has lost his lawsuit against the government in a US appeals court.  A three-judge panel at the Eleventh Circuit Court of Appeals found on Tuesday that Michael Prime can’t sue the government over the loss of a key to access around 3,443 Bitcoin (BTC), now worth $345 million, as he previously claimed he didn’t own that amount of crypto. Prime asked a court after he was released from…

Robinhood Beats Q3 Expectations as Crypto Revenue Surges

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Trading platform Robinhood Markets saw its third-quarter crypto revenue surge 300% from a year ago, helping to boost its quarterly earnings above Wall Street expectations. Robinhood announced on Wednesday that its Q3 transaction-based revenues increased 129% from the same period last year to $730 million, attributing the gain to its $268 million in crypto revenues, which rose more than 300% from the previous year. The company’s total revenues for the quarter ended Sept. 30 doubled year-over-year to $1.27 billion, beating analyst expectations of $1.2 billion. Its earnings per share increased…

Miami Mayor Francis Suarez Claims He’s Up 300% On Bitcoin Paychecks

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Miami Mayor Francis Suarez, who started to take Bitcoin as salary in late 2021, said he’s unfazed about the recent volatility in the crypto market, claiming he’s now up around 300% on his Bitcoin paychecks. Speaking to Fox Business on Wednesday, the crypto-friendly Mayor was asked if he was “concerned” about Bitcoin (BTC) following the recent dip under $100,000, with most of the crypto market also bleeding over the past week.  “No, because I got paid at $30,000, so it’s up 300%, it was actually up to 400% when it…

Franklin Templeton Launches Tokenized US Government Fund in Hong Kong

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Franklin Templeton has launched a tokenized US dollar money market fund for professional investors in Hong Kong, expanding its crypto offerings in Asia. According to a statement shared with Cointelegraph on Wednesday, the Franklin OnChain U.S. Government Money Fund is the first end-to-end tokenized structure by an asset manager to integrate issuance, distribution and servicing directly onchain in Hong Kong. The tokenized fund will be initially available only to institutional and professional investors. It is registered in Luxembourg under a regulated framework that allows investment funds to be sold across the…

Franklin Templeton Launches Tokenized US Government Fund in Hong Kong

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Franklin Templeton has launched a tokenized US dollar money market fund for professional investors in Hong Kong, expanding its crypto offerings in Asia. According to a statement shared with Cointelegraph on Wednesday, the Franklin OnChain U.S. Government Money Fund is the first end-to-end tokenized structure by an asset manager to integrate issuance, distribution and servicing directly onchain in Hong Kong. The tokenized fund will be initially available only to institutional and professional investors. It is registered in Luxembourg under a regulated framework that allows investment funds to be sold across the…

US Lawmakers to Meet with Trump’s Crypto Czar, Discuss Bill: Report

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Discussions over the digital asset market structure bill currently being considered in the US Senate are reportedly still happening amid the longest government shutdown in the country’s history. According to a Tuesday Politico report, Republican Senator John Boozman with the Senate Agriculture Committee — one of the committees that will need to approve the bill before consideration in the full chamber — will discuss the market structure legislation with White House crypto and AI czar David Sacks and Democratic Senator Cory Booker. The reported call will come as lawmakers prepare…

CMT Digital Closes $136M Fund to Back Next Wave of Blockchain Startups

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CMT Digital, a Chicago-based venture capital firm specializing in digital assets, has closed its fourth fund, raising $136 million to back blockchain startups. The fund will target founders developing the next wave of crypto infrastructure and applications, as regulatory clarity improves and institutional adoption accelerates, according to an announcement on Wednesday. Investment partner Sam Hallene told Fortune that the fund drew backing from a mix of wealthy individuals, family offices, and institutional investors, though he declined to name participants in the round. CMT Digital has already committed about a quarter…

ETH Primed For a Short Squeeze to $4K After 13% Drop

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Key takeaways: Ether dipped to $3,055, wiping out $1.3 billion in long liquidations across exchanges. Over $7 billion in short positions near $4,000 sets up potential for a sharp squeeze. A hidden bullish divergence suggests a potential bottom around $3,000. Ether (ETH) price dropped to $3,055 on Tuesday, extending its weekly decline by over 13%%. The move cleared out liquidity from the equal lows near $3,400, a zone that had attracted heavy leverage buildup. The next major liquidity pocket now sits between $3,000 and $2,800, levels that have previously acted…

Balancer Says Code Exploit, Batched Swaps the Root Cause of $116M Hack

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The team behind decentralized finance (DeFi) protocol Balancer published a preliminary post-mortem report on Wednesday, detailing the cause of the exploit that siphoned $116 million across DeFi markets. Balancer was hit by a sophisticated code exploit on Monday that affected Balancer v2 Stable Pools and Composable Stable v5 pools, while all other pool types remained unaffected, according to the report. The hacker used a combination of BatchSwaps, which allow the user to bundle multiple actions in a single transaction, including flashloans — short-term loans borrowed and repaid within the same…

33% of BTC in Loss May Trigger Market Reset: Here’s Why

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Key takeaways: Around one-third of Bitcoin’s supply is now held at a loss, levels last seen in September 2024. Onchain metrics show rising short-term losses but moderate selling pressure overall. Technical indicators suggest potential for recovery after consolidation near $98,000–$103,000. The ongoing Bitcoin (BTC) correction has pushed roughly 33% of the total circulating supply into a loss, according to CryptoQuant data, a level last seen in September 2024. While such figures may appear alarming, historical precedents suggest that similar phases often coincide with seller exhaustion rather than a full-blown market…