Arkham Intelligence has disclosed in a recent report that MicroStrategy holds an additional 70,816 BTC, bringing its total assets to $54.5 billion. An analyst has explained that the rising institutional interest and the growing demand for Bitcoin could send the price to $126k in the medium term. Michael Saylor’s MicroStrategy has been one of the largest holders of Bitcoin, with its acquisition strategy raising concerns of future price manipulation. Delving into its Bitcoin activities, we came across a recent report by Arkham Intelligence hinting that MicroStrategy has an additional holding of 70,816 BTC. According to the report, this implies that…
Author: cryphedge
XRP is under pressure today, with its price falling to around $2.16 as the broader cryptocurrency market faced a sell-off. The total crypto market value slipped by 3.1%, now standing at $3.35 trillion. This sudden dip came after a U.S. court overturned President Trump’s trade tariffs, creating fresh uncertainty for investors.The Court of International Trade ruled that Trump had overstepped the powers granted under the International Emergency Economic Powers Act when placing those import tariffs. While the Trump administration has already filed an appeal, the decision rattled financial markets — and cryptocurrencies felt the impact as well.What’s Happening with XRP’s…
Whales accumulated 180M ADA amid price drop, signaling strategic positioning. ADA’s largest spike followed a small increase in whale holdings. Despite weak price momentum, trading volume rose 9.15% on May 29. Large Cardano (ADA) holders have accumulated over 180 million tokens in the span of one week, even as the asset experienced notable price swings. Data covering April 21 to May 29, 2025, shows consistent buying behavior from wallets holding between 100 million and 1 billion ADA. This accumulation continued despite a decline in ADA’s price, reflecting increased activity among high-volume investors. Between late April and late May, ADA’s price…
The United States Securities and Exchange Commission (SEC) voluntarily dismissed the lawsuit against Binance, Binance U.S., and cofounder Changpeng Zhao (CZ) on May 29, 2025. According to court filings in the U.S. District Court for the District of Columbia, the dismissal was finalized through a joint stipulation signed by lawyers from both sides.CZ affirmed the move and highlighted that the two-year legal battle is over. The U.S. SEC, under former Chair Gary Gensler, argued that Binance facilitated the trading of unregistered crypto tokens led by Solana (SOL), Filecoin (FIL), and Cardano (ADA), among others.Earlier this year, Binance and the SEC…
Journalist Hassan Shittu Journalist Hassan Shittu About Author Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in… Share Last updated: May 28, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry…
The US Securities and Exchange Commission (SEC) asked a federal judge on May 29 to dismiss its civil complaint against Binance and its founder, Changpeng ‘CZ’ Zhao, according to a four-page filing in the District Court docket.Judge Amy Berman Jackson placed the case on a 60-day pause in February after both sides told the court that a new SEC crypto task force led by Commissioner Hester Peirce might “impact and facilitate” the litigation’s resolution.The decision suspended the stay on discovery deadlines while the task force reviewed whether existing securities rules applied to digital-asset venues. That review unfolded as Binance continued cooperating…
Ethereum’s recent spike sets the stage for a potential surge in alternative cryptocurrencies. As the market shows signs of heating up, Solana and BNB traders are bracing for possible gains. This article explores the exciting possibilities and the key altcoins that might be poised for substantial growth. Read on to discover which digital assets could shine next. Ethereum Price Dynamics: Short-Term Rally Amid Long-Term Corrections Ethereum experienced a notable price jump over the last month, rising by nearly 52% with a steady weekly increase. However, over the past six months, the coin saw a downturn of almost 24%, highlighting a…
The US government on Thursday imposed sanctions on Funnull Technology Inc. Tools provided by Funnull made it easier for fraud networks to switch domains and evade detection. Under the sanctions, all US-based assets or interests tied to Funnull or Liu are blocked. The US government on Thursday imposed sanctions on Funnull Technology Inc, accusing the company of supporting widespread cryptocurrency scams that have defrauded American victims of more than $200 million. The Treasury Department’s Office of Foreign Assets Control (OFAC) said Funnull, based in the Philippines and run by Chinese national Liu Lizhi, provided critical infrastructure for so-called “pig…
House Financial Services Committee Chairman French Hill introduced the Digital Asset Market Clarity Act on May 29, a bipartisan measure that would place most cryptocurrencies under a unified federal regime and draw clear lines between securities law and commodity oversight.The 249-page bill defines “digital commodity,” “investment-contract asset,” “mature blockchain system,” and “permitted payment stablecoin.” Then, it amends the Securities Act, Exchange Act, and Commodity Exchange Act to embed those terms.Hill called the proposal “long-overdue clarity for the digital asset ecosystem” and said he aims to send it to President Trump “to secure America’s position as the global leader in digital…
Journalist Tanzeel Akhtar Journalist Tanzeel Akhtar About Author Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk, Bitcoin Magazine and Bitcoin.com. Share Last updated: May 28, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products,…
