Aleksei Andriunin, the founder and CEO of Gotbit Consulting, was sentenced to eight months in prison on Friday following a federal investigation into a multi-million-dollar wash trading operation. The 26-year-old, a dual citizen of Russia and Portugal, pleaded guilty earlier this year to wire fraud and conspiracy to commit market manipulation. Gotbit Ordered to Cease…
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Weekly Crypto Regulation News Roundup: U.S. Inches Toward Clarity, Congress Advances Bills, and Senators Target Stablecoins
A consequential week in U.S. crypto regulation brought both progress and political friction as lawmakers advanced long-discussed bills and regulators hinted at long-awaited flexibility. Meanwhile, concerns over stablecoin influence—from Meta to Trump-linked assets—continue to dominate headlines and hearings. From Capitol Hill to the SEC’s own headquarters, movement on crypto policy seems to be accelerating, even…
Ethereum Dips 9%, Yet BlackRock Bets $570M: $4K Rally Ahead?
Ethereum ($ETH) plunged 9% Friday morning, wiping out $298 million from 80,000 traders. While panic selling dominated, smart money was buying the dip under $2,500. The crypto followed the market-wide crash, nosediving from $2,771 to $2,443 before finding footing near $2,509. Trade war fears triggered the sell-off, but savvy investors viewed this as a discount…
Coinbase Eyes $330B Corporate Bitcoin Wave; Warns of Imminent Systemic Shock
Coinbase Institutional has issued a bullish forecast for the crypto market in the second half of 2025, predicting new all-time highs for Bitcoin while warning about emerging systemic risks from the explosive growth in corporate Bitcoin adoption. The exchange’s latest monthly outlook reveals a shift in the corporate market. According to BitcoinTreasuries, 130 public companies…
Proof of Talk 2025: RWAs, Stablecoins and Crypto IPOs Demonstrate Sector Growth
Proof of Talk 2025 took place June 10-11 at the iconic Musée des Arts Décoratifs inside the Louvre Palace in Paris. The Web3 networking event attracted thousands of attendees and featured hundreds of speakers from around the world. While a variety of panel discussions were featured at Proof of Talk, this year’s event focused heavily…
Solana Price Prediction: Public Company Eyes $5 Billion in SOL – Can SOL Overtake Bitcoin?
DeFi Development Corp has secured a $5 billion equity line of credit (ELOC) to expand its SOL reserves, adding favor to the long-term Solana price outlook with clear institutional conviction. Based on the agreement, the real estate platform-turned Solana treasury company will have the right—but not the obligation—to sell up to $5 billion in shares…
Shiba Inu Price Prediction as SHIB Burn Rate Skyrockets 112,839% in 24 Hours – $1 SHIB Possible?
The Shiba Inu price (SHIB) has gone down by 7.1% in the past 24 hours as global markets react to Israel-Iran tensions. Trading volumes have surged by nearly 72% and currently account for more than 5% of the token’s circulating supply. Other tokens in this category like Pepe (PEPE) and SPX6900 (SPX) have experienced much…
XRP Price Prediction: Nasdaq Firm Eyes $500M XRP Reserve – Is Institutional Adoption Back?
The XRP price has fallen by 4% in the past 24 hours, with the altcoin’s dive to $2.15 coming as the crypto market as a whole declines by 5% today. Prices have fallen across the board in response to Israel’s overnight strikes against various targets in Iran, with XRP retaining a 1% gain in a…
SEC Leadership Shakeup: Brian Daly and Kurt Hohl Step Into Key Roles — What It Means for Crypto?
The Securities and Exchange Commission has announced two high-profile leadership appointments that could impact the regulatory tone for digital assets. Key Takeaways: Brian Daly’s appointment signals a more industry-savvy approach to fund and crypto regulation. Kurt Hohl returns to the SEC with a focus on strengthening financial reporting standards. The new leadership shift under Chairman…
Bitget Welcomes Syrian Users as US Eases OFAC Sanctions
Major crypto exchange Bitget announced on Thursday that it had enabled the onboarding of Syrian citizens, effective immediately. Syrians, like their counterparts in other countries, can register on the platform and complete identity verification to access the full suite of services. This includes peer-to-peer (P2P) trading with local currency support, yield-generating products, spot and futures…