The U.S. Department of the Treasury has imposed fresh sanctions aimed at dismantling the financial networks supporting Yemen’s Houthi movement, with a specific focus on digital currency channels. In a coordinated move, the Office of Foreign Assets Control (OFAC) blacklisted eight cryptocurrency addresses allegedly controlled by the Houthis, a group officially designated as a Specially…
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South Korean Prosecutors Uncover Fusionist (ACE) Token Price Manipulation Scheme
In what has become one of the most significant cases in South Korea’s crypto market, the Seoul Southern District Prosecutors’ Office has exposed an elaborate price manipulation scheme involving the Fusionist (ACE) token, which is down 13% in the past 24 hours. Source: CoinGecko According to a local source, Lee and Kang, who allegedly orchestrated…
Will Trump’s Tariffs Crash Bitcoin Again? Here’s What Traders Need to Know
Bitcoin trade sideways as President Donald Trump’s April 2 tariff announcement made waves across global markets. Labeling the day “Liberation Day” for U.S. industry, Trump revealed broad import duties targeting major trade partners including China, the EU, Japan, and India. The executive order outlined a 10% baseline tariff on all imports, with tougher, country-specific levies—including…
Dollar Index (DXY) Elliott Wave : Forecasting the Decline
Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of Dollar Index DXY published in members area of the website. As our members know , Dollar shows bearish sequences in the cycle from the 110.157 peak. In the following text, we will explain the Elliott Wave forecast in more…
US CFTC Withdraws Two Crypto Staff Advisories Due to ‘Market Maturity’
The US Commodity Futures Trading Commission (CFTC) has recently withdrawn two pieces of crypto-related staff guidance in yet another shift in the country’s regulatory efforts. Both decisions were effective immediately. Notably, these advisories signaled a significantly increased review of the digital asset sector at the time they came into effect. Therefore, the decision to remove…
Hyperliquid Debacle Shows Crypto Still Relies on Centralized Systems, Experts Say
Key Takeaways: The recent Hyperliquid exploit proves crypto is still centralized, experts say. Most centralized exchanges and DeFi protocols operate on models relying on “implicit trust.” Analysts say crypto needs to build a native peer-to-peer framework that “removes trust from the equation.” The recent crisis at the decentralized perpetual futures exchange Hyperliquid shows that cryptocurrency…
NY Mayoral Frontrunner Cuomo Worked as a Paid Advisor to OKX to Deal with Federal Probe: Report
Former New York governor and mayoral candidate Andrew Cuomo has reportedly worked as an advisor for OKX crypto exchange in dealing with the federal probe. The investigation resulted in OKX pleading guilty to several violations and paying a penalty of $505 million. According to Bloomberg, Cuomo advised the Seychelles-based exchange on policy issues and how…
South Korea Considers Allowing Foreign Crypto Investment If AML Rules Are Met
South Korea’s top financial regulator is signaling a potential policy shift that could allow foreign investors to access the domestic cryptocurrency market, provided that local exchanges meet strict anti-money laundering (AML) requirements. Speaking at a seminar hosted at the National Assembly on Wednesday, Kim Sung-jin, head of the virtual asset division at the Financial Services…
Fear & Greed Index Hits 25 as Crypto Market Returns to ‘Extreme Panic’ Sentiment
The crypto market has plunged back into a state of “Extreme Fear” following a steep drop in investor sentiment. The widely watched Crypto Fear and Greed Index fell 19 points to 25 on Tuesday, marking one of its lowest readings in recent months. The sharp decline in sentiment came in the wake of former U.S….
Galaxy Digital UK Arm Secures FCA License, Plans to Expand Derivatives Trading
Michael Novogratz’s crypto investment firm Galaxy Digital has secured a regulatory license for its UK subsidiary on Wednesday. The key license from the UK’s Financial Conduct Authority (FCA) will allow Galaxy to offer derivatives trading capabilities in the UK. Further, the license will help the firm’s investment banking unit to offer capital-raising and advisory services…