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US Representative David Schweikert has introduced legislation granting the President authority to act against crypto criminals operating abroad.
The bill, filed as House Resolution (H.R. 4988), invokes the rarely used concept of “letters of marque and reprisal,” which is a legal instrument dating back to maritime warfare.
Historically, such letters authorized privateers to attack and seize enemy...
Kanye West continued his controversy-filled era with his YZY token launch on Solana this week, where trading activity drove its market capitalization near $3 billion before collapsing within hours.
The token, listed under multiple pool tickers on Raydium, initially saw rapid inflows that pushed its fully diluted valuation into multibillion territory before prices retreated more than 90%, leaving...
Crypto traders are turning bearish after Bitcoin and Ethereum struggled to maintain recent gains, according to several on-chain metrics.
According to CryptoSlate data, Bitcoin has fallen nearly 7% over the past week, trading at $113,479 as of press time. Ethereum has experienced an even sharper drop, losing 10% in the same time frame and hovering around $4,269.
The decline is not limited to the...
US spot Bitcoin and Ethereum exchange-traded funds (ETFs) posted another round of withdrawals on Aug. 20, extending their streak of consecutive net outflows to a fourth straight trading day.
According to SoSoValue data, Spot Bitcoin ETFs recorded $311.57 million in outflows for the day, pushing their four-day total to nearly $1 billion.
BlackRock’s iShares Bitcoin Trust (IBIT) led the withdrawals...
Bitcoin is trading just above $113,000, with realized cap rising steadily and spending activity led overwhelmingly by coins younger than three months. Profit realization remains positive, short-term holders hover around breakeven, and older supply shows little sign of distribution.
Bitcoin closed Aug. 20 at $113,599, marking a 7.9% drop in the past week, a 3.3% decline over 30 days, but still a 1...
The Crypto Council for Innovation (CCI) and the Blockchain Association jointly issued a letter on Aug. 20 endorsing Brian Quintenz for Chairman of the US Commodity Futures Trading Commission (CFTC).
In the letter to President Donald Trump, the groups emphasized that confirming Quintenz promptly is critical to advancing his administration’s agenda to foster a “golden age” for digital assets in...
Wormhole Foundation (WF) entered the bidding competition for Stargate Finance, challenging LayerZero’s proposed $110 million acquisition.
In an Aug. 20 statement via X, WF argued that LayerZero’s offer significantly undervalues the cross-chain bridge protocol.
LayerZero Foundation announced its acquisition proposal on Aug. 10, offering to purchase all circulating STG tokens at $0.1675 per token...
Windtree Therapeutics, a struggling biotech firm that rebranded itself around holding BNB reserves, is set to be delisted from the Nasdaq after its stock collapsed below the exchange’s minimum price requirement.
According to a filing with the Securities and Exchange Commission, Nasdaq will remove Windtree from its listings on Aug. 21 after the company failed to meet the $1 per-share threshold....
Hyperliquid has achieved the highest revenue per employee globally, at $106 million, surpassing traditional technology giants and the previous record holder, Tether Limited.
The revenue-per-employee metric places Hyperliquid significantly ahead of established technology companies. Data gathered by Hyperliquid France puts Tether in second with $93 million per employee, while OnlyFans ranks third...
Gemini founders Cameron and Tyler Winklevoss donated 188.4547 Bitcoin (BTC) worth $21 million to establish a new political action committee.
Tyler announced the Digital Freedom Fund PAC on Aug. 20, positioning the group as a vehicle to “help realize President Donald Trump’s vision of making America the crypto capital of the world.”
The PAC plans to identify and support candidates championing...