Crypto Market Prepares for a Boom Year Dealmaking in the cryptocurrency sector is heating up across the US and Europe as the market matures and gains political and institutional support. With strong growth trends, relaxed regulation, and rising investor interest, digital currency is entering a new era—one that industry insiders believe will be marked by…
SEC Ends Years-Long Battle with Ripple The Securities and Exchange Commission has reached a controversial settlement with Ripple Labs, ending a legal battle that has stretched over four years. The deal would see Ripple pay $50 million to the SEC while recovering $75 million from a previously imposed $125 million fine, a move that has triggered strong internal backlash from…
OCC Opens Doors for Banks to Handle Crypto In a landmark decision, the US Office of the Comptroller of the Currency (OCC) has officially cleared the path for banks to engage in cryptocurrency-related activities on behalf of their customers. The agency confirmed in a letter dated 7 May 2025 that national banks and federal savings associations can buy and sell…
Bitcoin (BTC) Bitcoin has rebounded strongly and is trading near $102,850 on May 9, briefly surpassing $104,000 earlier in the session. This rally marks the first time BTC has held above $100,000 since February, reflecting renewed momentum. On the charts, Bitcoin’s RSI is in overbought territory, hinting at possible short-term profit-taking. Key support is now…
A Surprising Alliance Over Crypto Legislation In an unexpected turn of events, bipartisan legislation aimed at regulating stablecoins has gained support from both Democrats and Republicans, despite concerns about potential conflicts of interest. The bills, named “Stable” and “Genius,” are designed to allow cryptocurrencies, specifically stablecoins, to be used in government payments. However, some critics…
In a significant shift for the cryptocurrency landscape, the US Office of the Comptroller of the Currency (OCC) has clarified that national banks can now buy and sell crypto assets on behalf of their customers. This move marks a critical step toward integrating traditional banking with digital currencies, reflecting growing acceptance of crypto services in…
Hong Kong-based brokerage, Futu Securities, is taking significant steps into the cryptocurrency space with the launch of crypto deposit services on its Futu NiuNiu platform. This new feature will allow users to deposit and trade major digital assets such as Bitcoin, Ethereum, and Tether, marking a significant expansion for the platform that has long been…
In a surprising turn of events, nine Senate Democrats have announced they will withdraw their support for the GENIUS Act, a proposed bill intended to regulate stablecoins in the U.S. This decision raises questions about the future of the bill and the timeline for stablecoin legislation in the country. The move comes despite the fact…
In a significant move for the U.S. cryptocurrency industry, lawmakers have unveiled a new draft bill aimed at establishing a clear regulatory framework for digital assets. The legislation, introduced by the U.S. House of Representatives’ Financial Services and Agriculture Committees, aims to resolve ongoing uncertainties in the sector by defining the roles of the Commodity…
Deribit, the world’s top cryptocurrency options exchange, is preparing to enter the U.S. market. The move comes as former President Donald Trump’s return to office brings sweeping changes to crypto regulations, creating a more welcoming environment for blockchain businesses. Last year, Deribit managed $1.3 trillion in trading volume while operating from Dubai. With U.S. policies…
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