Tag: Crypto

Chris Perkins: Geopolitical tensions are driving oil prices, Bitcoin shows signs of resilience, and clarity legislation for crypto may soon pass

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Key takeaways Geopolitical tensions in the Middle East are affecting oil prices, impacting industries reliant on oil. The volatility index rising while markets remain flat suggests a bullish outlook. Bitcoin shows resilience, indicating a potential market bottoming. Liquidity returning to markets is crucial for risk assets like Bitcoin. The strategic importance of the Strait of Hormuz is significant, controlling 20% of the world’s oil supply. The US foreign policy under Trump prioritized stability over democratic ideals. The market perceives the conflict as regional, not global, affecting pricing strategies. AI is…

South Korea Plans 20% Cap on Crypto Exchange Shareholder Stakes: Report

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South Korea’s government and ruling party have reportedly agreed on a plan to cap the ownership stakes of major shareholders in domestic crypto exchanges at 20%. The Democratic Party of Korea’s digital asset task force and the Financial Services Commission (FSC) agreed to set the maximum shareholding limit at 20% after discussions, according to a Wednesday report by local media outlet Herald Economy. However, regulators may allow exceptions of up to 34% for new businesses through an enforcement decree. The threshold references the Commercial Act’s 33.3% veto threshold in general…

Iran’s Largest Crypto Exchange Shows no Capital Flight after Strikes: TRM

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Nobitex, Iran’s biggest crypto exchange, showed no signs of a sustained, user-driven run after US-Israeli strikes on Iran, even as blockchain data indicated a brief spike in activity and higher outflows from Iranian exchanges more broadly, according to separate analyses from TRM Labs and Chainalysis. The TRM report, which examined onchain activity around Nobitex after US-Israeli strikes on Iran began on Feb. 28, found that the platform recorded a noticeable increase in activity in the immediate aftermath, including transfers exceeding $35 million from hot wallets to cold storage. However, TRM…

Ex-LAPD Cop Convicted of $350K Crypto Theft

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A former Los Angeles Police Department officer has reportedly been convicted of kidnapping a 17-year-old and stealing $350,000 worth of crypto in a 2024 home invasion. A Los Angeles County Superior Court jury found Eric Halem guilty of kidnapping and robbery on Monday after a two-week trial, the Los Angeles Times reported. The court was told that Halem and three other men posed as police carrying out a search warrant on an apartment rented by the teenager, who reportedly had earned a significant amount of crypto. Prosecutors said the teenager,…

Trump held private meeting with Coinbase CEO Brian Armstrong before urging banks to support crypto bill

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A delegation from Coinbase, led by CEO Brian Armstrong, was at the White House on Tuesday, according to Crypto in America’s Eleanor Terrett. The visit was reported hours after President Donald Trump issued a statement on Truth Social, urging banks to make a deal with crypto firms over the key crypto market structure bill. It was confirmed by Politico that Trump had held a closed-door meeting with Armstrong before making his public comments. In his remarks, Trump criticized banks for standing in the way of pro-crypto bills such as the…

TradFi Will Move to 24/7/365 Crypto Rails: Bitwise

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Bitwise chief investment officer Matt Hougan says he’s drastically cut his estimates of when “on-chain finance” will take off after seeing investors pile into crypto platforms such as Hyperliquid to trade tokenized assets amid the US-Israel attack on Iran. In a post on Tuesday titled “The weekend that changed finance,” Hougan said crypto perps futures platform Hyperliquid became the epicenter for trading real-world assets like crude oil and tokenized gold while the US, European and Asian stock exchanges were closed at the time of the first attack on Saturday at…

Trump pressures banks to make deal with crypto firms over market structure bill

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President Donald Trump has urged major banks to halt efforts he says are weakening the digital asset industry and instead to work with crypto firms to advance key market structure legislation, the CLARITY Act. In a statement on Truth Social on Tuesday, the US commander-in-chief asserted that the US must move quickly to secure its position in the global crypto race and that market structure reform is essential to provide clarity for companies and investors while keeping the industry anchored in America. This is viewed as the toughest intervention so…

Trump Hits Out at Banks Over Stalled Crypto Bill

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US President Donald Trump has taken a shot at banks for stalling the crypto market structure bill from advancing in the Senate over stablecoin yield payments. “The Genius Act is being threatened and undermined by the Banks, and that is unacceptable — We are not going to allow it,” Trump posted on his Truth Social platform on Tuesday, mentioning the GENIUS Act that Congress passed in July to regulate stablecoins. “The U.S. needs to get Market Structure done, ASAP,” he added. “The Banks are hitting record profits, and we are…

What’s at Stake for Crypto as Three US States Kick off Party Primaries?

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Voters in North Carolina, Texas and Arkansas will decide on some of the first candidates for the 2026 midterm elections in the United States as primary season kicks off, potentially influencing the future of Congress and crypto legislation. In Texas, Democratic Representative Jasmine Crockett is running for Republican John Cornyn’s US Senate seat for Texas. Crockett, a member of the House of Representatives since 2023, voted for the stablecoin payments bill GENIUS Act in July and FIT21, the previous version of the digital asset market structure bill before the CLARITY…

CFTC Chair Teases Crypto Perpetual Futures in ‘the Next Month or so‘

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SEC Chair Paul Atkins and CFTC Chair Michael Selig addressed market structure, prediction markets and perpetual futures at a Tuesday event. Michael Selig, chair of the US Commodity Futures Trading Commission (CFTC), said the agency will soon address how to handle perpetual futures contracts for cryptocurrencies. In a Tuesday panel hosted by the Milken Institute in Washington, DC, Selig said that the CFTC was working toward getting “true perpetual futures” in the United States “within the next month or so.” The CFTC chair is currently the only Senate-confirmed commissioner, with…