Category: Bitcoin News

Kazakhstan Cracks Down On Illicit Crypto Activity, Seizes $17M

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Kazakhstan, an emerging cryptocurrency hub in Central Asia, has been cracking down on illicit activity in the cryptocurrency sector, shutting down dozens of crypto platforms this year. Kazakhstan’s Financial Monitoring Agency (AFM) has taken down 130 crypto platforms involved in money laundering schemes this year, a spokesperson for the agency told Cointelegraph on Wednesday. The authorities have also seized $16.7 million in various cryptocurrencies linked to these illegal operations, the AFM representative said, confirming local reports from Tuesday. Last week, AFM also reported seizing $642,000 from illegal mining operations in…

Bit Digital Becomes Sixth-Largest Ethereum Holder With $140M ETH Purchase

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Bit Digital has expanded its Ether holdings to more than 150,000 ETH after purchasing 31,057 ETH valued at roughly $140 million using proceeds from a $150 million convertible notes sale. The deal, which included full exercise of underwriters’ options, positions the firm as the sixth-largest Ether (ETH) treasury among public companies, according to data from StrategicETHReserve.xyz. “This purchase demonstrates our commitment to building shareholder value by financing ETH accumulation on terms that are accretive to NAV per share,” said Sam Tabar, CEO of Bit Digital. “We view ETH as foundational…

Fireblocks Expands Regulated Crypto Custody Network

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Fireblocks Trust Company, a New York State-regulated custodian under the Fireblocks platform, has partnered with Galaxy, Bakkt, FalconX and Castle Island to expand institutional-grade crypto custody. Operating under New York Department of Financial Services (NYDFS) oversight, the company is rolling out a custody framework to meet soaring institutional demand for regulated digital asset infrastructure spanning ETFs, digital asset treasuries (DATs) and token launches, according to a Wednesday announcement. “Regulatory compliance and security are non-negotiable,” said Matt Walsh, founding partner at Castle Island. “Fireblocks Trust Company delivers on both fronts with…

Metamask and Infinex Integrate Hyperliquid Perps to Rival CEXs

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Decentralized crypto trading platforms MetaMask and Infinex are now offering perpetual futures through integrations with Hyperliquid, competing with their centralized counterparts in the booming crypto perps market. MetaMask’s integration with Hyperliquid went live on Wednesday, allowing users to access Hyperliquid’s decentralized perpetual swaps exchange directly through MetaMask’s wallet. MetaMask stated that the “major milestone” brings it one step closer to becoming an all-in-one, self-custodial trading platform, as it seeks to capture market share from centralized exchanges that have dominated the crypto perpetuals market. “By embedding the Hyperliquid engine directly into…

Ethereum DATs Are The Next Berkshire Hathaway: Joe Lubin

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Inspired by Michael Saylor’s Bitcoin playbook, Joseph Lubin believes Ethereum treasury companies could provide outsized returns on yield and investment opportunities to their Bitcoin counterparts. Speaking exclusively to Cointelegraph at Token2049 in Singapore, the Ethereum co-founder unpacked his thesis for why Ether (ETH) digital asset treasuries (DATs) present superior opportunities to the Bitcoin (BTC) treasury movement popularized by Saylor’s Strategy Bitcoin play. “I’d much rather have something that potentially has more impact. It certainly is as solid as Bitcoin, and I would argue more solid because of the functionality and…

Crypto Traders Make Millions, Zhao Calls BNB Meme Season

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Cryptocurrency traders made millions of dollars on small-cap memecoins on the BNB Chain over the past week, signaling a renewed wave of speculative capital fueling the current market cycle. Among the most profitable investors is trader “0xd0a2,” who turned an initial investment of $3,500 into $7.9 million, generating a 2,260-fold return in three days, according to blockchain intelligence platform Lookonchain. Trader “hexiecs” turned a $360,000 investment into over $5.5 million by investing in the recently launched “4” memecoin, which went parabolic after an X post from Binance co-founder and former…

Forward Industries Launches Solana Validator With $1.6B Staked

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Publicly-traded Solana treasury company Forward Industries launched its first institutional-grade validator node on the Solana blockchain as part of its broader strategy to deepen its role within the Solana ecosystem.  The company announced the launch on Tuesday, saying that the validator runs on DoubleZero’s fiber network, which powers the validator and uses Jump Crypto’s Firedancer client, a new independent Solana validator client.  Kyle Samani, chairman of the board of Forward Industries, said the move allows them to fortify Solana’s resiliency and help ensure that it remains “the standard for institutional…

YZi Labs Launches $1B BNB Fund As Token Rallies To New ATHs

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YZi Labs, a venture capital firm founded by Binance co-founder Changpeng “CZ” Zhao, is launching a $1 billion fund for founders in the BNB ecosystem amid the token skyrocketing to all-time highs. YZi Labs announced Wednesday a $1 billion Builder Fund to double down on founders in the BNB (BNB) ecosystem, particularly on the BNB Chain. “BNB ecosystem represents the next phase of digital infrastructure, where decentralization, on-chain scalability converges with security and real distribution,” YZi Labs head Ella Zhang said. The fund’s launch came shortly after BNB, the native…

Trump Memecoin Issuer Seeks $200M Treasury as Token Falls 90%

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The startup behind US President Donald Trump’s official memecoin is seeking to raise at least $200 million to build a digital-asset treasury aimed at buying back the token, which has collapsed about 90% from its peak. Fight Fight Fight LLC, led by Trump ally and longtime promoter Bill Zanker, is spearheading the effort, Bloomberg reported on Wednesday, citing people familiar with the matter. The funding target could reach as high as $1 billion, although the deal remains in its early stages and may not materialize. The move marked the latest…

Where Will Bitcoin Bottom Next? Analysis Warns Over $114,000 Dip

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Key points: Bitcoin price action stays lower after falling over 4% in hours. Liquidity is already recovering, with short-term volatility increasingly likely as a result. BTC price predictions see a local bottom forming at as low as $114,000. Bitcoin (BTC) struggled to reclaim $122,000 Wednesday as exchange users bet on fresh BTC price volatility. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin tracks sideways after all-time high tumble Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating after a snap 4.2% correction the day prior. This had been broadly expected given…