Tornado Cash Sanctions Overturned by U.S. Appeals Court A U.S. federal appeals court has delivered a major legal victory to the crypto sector by throwing out the U.S. Treasury Department’s earlier effort to directly sanction crypto mixing service Tornado Cash. The court found that the government didn’t have the proper tools to include the actual technology underpinning the service as a sanctioned ent…

Ripple Drops Another $25M Into Crypto PAC to Sway 2026 Congressional Races Fairshake will have a whopping $103 million to spend on the next U.S. congressional election — so far — thanks to another $25 million just promised from Ripple Labs. This latest contribution puts the political action committee in a powerful position to repeat its successes from this year’s elections, in which dozens of its favored pro-crypto can…

Justin Sun Joins Donald Trump’s World Liberty Financial as Adviser Crypto billionaire Justin Sun, who founded the Tron blockchain, has become an adviser to Donald Trump’s crypto project, World Liberty Financial. The Tuesday announcement comes a day after Sun bought $30 million worth of World Liberty’s WLFI tokens. Sales of WLFI had been sluggish before Sun’s purchase. “Justin’s insights and experience will be …

This Hedge Fund Now Has a 1,000x Profit on Bitcoin Pantera Capital Management, which launched its Bitcoin Fund in July 2013, has seen a 1,000-fold increase with returns of over 132,118%. The hedge fund started buying bitcoin back when one token cost $74. Pantera CEO Dan Morehead believes that the cryptocurrency could be worth $740,000 by April 2028.

Bitcoin’s Tumble to $91K Evokes Thanksgiving ‘Massacre’ of 2020 Bitcoin suffered a steep decline four years ago around Thanksgiving after being turned away at the $20,000 level. The action this year after failing at $100,000 is similar, though less severe so far. Those who bought the dip in 2020 didn’t have to wait long to be rewarded.

Crypto Gains Let Poor People Buy Houses, U.S. Research Finds, But Risks May Lurk The U.S. Treasury Department’s researchers were watching out for crypto risks, but they found digital assets enthusiasts with otherwise low incomes were buying homes in recent years at a high rate. The high-crypto, poor areas have apparently used crypto gains to obtain mortgages and car loans, the Office of Financial Research found, but the deli…

Morocco Drafts Regulations for Crypto, Central Bank Governor Says Morocco has drafted regulations for the crypto sector, its central bank’s head said. The country will also continue to explore whether or not central bank digital currencies can contribute to the country’s policy objectives.

CoinDesk 20 Performance Update: XLM Falls 14.6% as All Index Constituents Decline CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3150.49, down 5.3% (-175.81) since 4 pm ET on Monday. None of the 20 assets are trading higher. Leaders: BTC (-2.5%) and AVAX (-2.7%). Laggards: XLM (-14.6%) and POL (-10.4%). T…

First Mover Americas: Bitcoin’s Correction Takes Price Below $93K Bitcoin has fallen over 6% in the last 24 hours. Indicators suggest BTC could drop to as low as $90,000. Ether outperforms the broader market.

Three Reasons Why Bitcoin Risks Falling Below $90K: Godbole BTC traders purchase protective put options in response to Monday’s 5% decline. The Coinbase premium indicator highlights a decline in demand for Bitcoin in the U.S. market. The daily chart reveals a bearish RSI divergence, signaling potential weakness in price momentum.

XRP Holds Strong as Archax Unveils Tokenized Money Market Fund on XRP Ledger Archax has provided access to Abrdn’s U.S. dollar Liquidity Fund (Lux) in tokenized form on XRPL. Ripple will allocate $5 million into tokens on Abrdn’s Lux fund, part of a larger allocation to real-world assets (RWAs) on the XRPL. XRP price jumped 6%, touching a high of $1.49 in the hours following the release, before paring gains in a market-w…

Ethereum Blob Usage Explodes as Traders Rush to Layer 2 Solutions Ethereum has seen a surge in blob usage, averaging over 21,000 blobs this month, matching March’s record activity. The Dencun upgrade allows Layer 2 solutions to efficiently bundle transactions and post them to Ethereum. Blob fees spiked, leading to the burning of over 166 ETH worth $560,000 in the past week.

Bitcoin Long-Term Holders Have 163K More BTC to Sell, History Indicates: Van Straten Long-term investors have sold almost 550,000 BTC, almost 4% of their holdings. Last week, one-day profit-taking touched a record high in dollar terms, more than $10.5 billion. The percentage drop from long-term holders continues to fall each cycle.

Bitcoin Slides Near $94K, But Short-Term Bullish Target of $100K BTC Unchanged A bitcoin-led crypto market correction continued into its third day as the asset lost a further 3.5% in the past 24 hours. However, bitcoin tends to bounce back when short-term holders sell at a loss. And some say this creates a buying opportunity for traders at current levels. It’s a ride that some expect to be packed with market volatility.

Why Memecoins Matter Memecoins are the most divisive topic in crypto. By memecoins, I mean tokens that represent an idea and fluctuate in price based on the attention that idea receives. The best meme investors tend to be young people who are very online and attuned to internet culture. Memecoins are commonly juxtaposed with tokens that possess actual utility withi…

U.K. Financial Regulator Aims for Crypto Regime by 2026 The U.K. Financial Conduct Authority (FCA) said it wants to implement a crypto regime by 2026. Ownership of crypto assets grew by 4% in the past two years, to include some 7 million adults out of the country’s roughly 68 million population.

Ether Favored in Crypto Rotation as Bitcoin Recoils Off $100K Sell Wall ETH advanced 4% during the day, outperforming BTC’s 1.5% loss and slight gains of the broader market benchmark CoinDesk 20 Index. The ETH/BTC ratio hit its weakest level in three years last week, but has rebounded since and is poised for more gains, observers noted. Bitcoin is likely to move sideways until year-end, said Paul Howard, senior dire…

Trump’s Sluggish DeFi Project Gets a Big Boost From Justin Sun’s $30M Token Purchase The Donald Trump-backed cryptocurrency platform World Liberty Financial got off to a sluggish start, with investors buying far fewer of its WLFI tokens than the project hoped for. But now, Chinese-born crypto billionaire Justin Sun has just given it a significant boost, buying $30 million worth of WLFI. World Liberty is a decentralized finance (…

Mudslinging Sullies Prediction Markets Just as Sector’s Prospects Brighten Kalshi paid social media influencers to talk trash about its rival Polymarket’s founder, Shayne Coplan, an incendiary article in Pirate Wires revealed. Someone apparently decided to launch a retaliatory smear campaign against Kalshi. (Polymarket denies any involvement.) All of this is happening just as things were starting to look bright on the …

Bitcoin Buying Plans Are Supercharging Stocks. Is This a Michael Saylor Redux — or Another ‘Long Island Iced Tea’ Fad? Following MicroStrategy’s successful bitcoin buying strategy, many companies, some microcaps and unrelated to crypto, started announcing similar steps. The strategy has led to significant short-term share price rallies for some of these companies, but according to market observers, the long-term success remains uncertain. While optimists see thi…