Category: Bitcoin News

Decentralized exchange Bunni has announced it is shutting down following an $8.4 million exploit in September, and is now the second crypto project team to throw in the towel this week, citing difficult circumstances.  In a Thursday X post, the team stated that it will be winding down operations due to a lack of funds. “The recent exploit has forced Bunni’s growth to a halt, and in order to securely relaunch, we’d need to pay 6-7 figures in audit & monitoring expenses alone – requiring capital that we simply don’t…

Key takeaways:  Deteriorating US-China relations, US President Donald Trump’s recent tariff expansion and traders avoiding long leverage are adding pressure to Bitcoin’s downside.  Bitcoin could drop below $100,000, but analysts are hopeful that next week’s macroeconomic events will reverse the downtrend.   Data show Bitcoin’s (BTC) market structure aiming toward establishing balance from last week’s sharp correction, but intensifying headwinds from Trump’s renewed tariff war with China and the record length of the US government shutdown serve as an overhang on bullish investors’ willingness to open new positions in futures markets. …

A group of US senators led by Senate Banking Committee Chair Tim Scott (R-S.C.) has introduced legislation to modernize the Bank Secrecy Act, the foundation of the country’s Anti-Money Laundering (AML) framework.  The Bank Secrecy Act, passed in 1970, obliges banks, credit unions, and other financial institutions to help federal authorities detect and prevent financial crimes, including money laundering, terrorist financing, and related illicit activity.  The proposed legislation, known as the STREAMLINE Act, would raise the Bank Secrecy Act’s reporting thresholds for the first time since its creation more than…

Key points: Bitcoin bulls are attempting to sustain the price above $107,000, but the bears have continued to exert selling pressure. The recovery in most major altcoins has fizzled out, indicating that the bears continue to sell on minor rallies. Buyers have managed to keep Bitcoin (BTC) above the vital $107,000 support level, but the lack of a solid rebound suggests that the bears have maintained their pressure. The short-term uncertainty has divided the analysts on BTC’s next directional move.  Standard Chartered’s global head of digital assets research, Geoff Kendrick,…

Key takeaways: Bitcoin risks testing $100,000 after breaking a key support level of a bear flag. The so-called “insider” whale moved 5,252 BTC ($588 million) to exchanges and opened a new $234 million short. Bitcoin (BTC) is showing signs of technical weakness after breaking below a key short-term support level, coinciding with large BTC transfers from a so-called “insider” entity to major exchanges. Bear flag setup targets BTC prices below $100,000 The BTC/USDT four-hour chart shows Bitcoin slipping under the lower trend line of a bear flag, a continuation pattern…