Author: John Smith
Robinhood Markets Inc. stock traded higher in recent sessions, closing Thursday at $137.08 per share, up 2.57%, despite Connecticut regulators issuing a cease-and-desist order related to the company’s prediction market operations, according to market data. Summary Robinhood shares rose in early trading despite a cease-and-desist order from Connecticut regulators. The Connecticut Department of Consumer Protection cited Robinhood Derivatives, KalshiEX, and Crypto.com for offering contracts without proper licensing. Robinhood emphasized it is a financial technology company, not a bank, noting that customer deposits are held through a partner bank with FDIC coverage, while the state ordered the platform to halt contracts…
A new U.S. bank just flipped the script on traditional business payments: N3XT officially launched today, promising instant, programmable B2B payments in U.S. dollars any time of day—or night—leaving old-school banking hours in the dust. Summary N3XT is offering instant, programmable U.S. dollar payments for businesses worldwide, bypassing traditional banking delays. The platform allows clients to automate payments, manage market-driven transactions, and access funds immediately while staying compliant. Led by fintech veterans and backed by top investors including Paradigm and Winklevoss Capital. N3XT opens its doors as a full-reserve, fully regulated narrow bank under a Wyoming Special Purpose Depository Institution…
Cathie Wood, CEO of Ark Invest, remains bullish on cryptocurrency — especially Ethereum. Summary Global Collaboration: Cathie Wood facilitated a meeting between Tom Lee and Francis B. Zhou in Tokyo to discuss Ethereum’s potential. Ark Invest’s Support: Ark Invest holds $271 million in BitMine Immersion Technologies, the largest corporate holder of ETH. ETH Bullish Outlook: Wood remains bullish on Ethereum’s role in decentralized finance, supporting both BitMine and Quantum Solutions. On Tuesday, Wood facilitated a meeting between Wall Street strategist Tom Lee and Quantum Solutions CEO Francis B. Zhou in Tokyo. This move aims to foster discussions around Ethereum’s potential,…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. A project can spend $500,000 on legal opinions, have a fully doxxed team, and pass every AML check in Singapore. It can still drain to zero in twelve seconds because of a math error in line 40 of its smart contract. This is the reality of modern crypto regulation and compliance. Summary Regulatory compliance keeps bad actors out but doesn’t guard against the real causes of loss in crypto — operational failures, supply-chain attacks, and technical incompetence…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana rebounds above $140, but investors eye utility-driven Remittix as a top contender for the next crypto adoption wave. Summary Solana rebounds above $140, but analysts say rising interest in utility projects like Remittix is the bigger trend. As traders debate SOL targets, Remittix gains momentum with $28.4m raised and major exchange listings ahead. Remittix surges in PayFi as its Apple-listed wallet launches, boosting its position in the $19t cross-border market. Solana is back in the news headlines after…
American Bitcoin price (American Bitcoin Corp, NASDAQ) has spent the last 24 hours grinding higher in a volatile post-crash bounce, trading in a wide intraday range but ultimately sitting roughly mid-range after yesterday’s lock-up‑driven wipeout. Summary American Bitcoin price fell nearly 40% after pre‑merger private placement shares came unlocked and early investors sold. Eric Trump called the volatility expected, said fundamentals are “virtually unmatched,” and pledged not to sell his shares. Despite strong Q3 earnings and 4,090 BTC in treasury, ABTC is down about 76.5% from its September peak amid a broader crypto equity slump. Traders watched American Bitcoin price…
A senior Kremlin adviser wants Russia’s crypto mining classified as an export, arguing tens of thousands of Bitcoins and import payments must be reflected in trade data. Summary Kremlin aide Maxim Oreshkin says mined crypto effectively flows abroad and should be recorded as an export impacting Russia’s balance of payments and FX market. Industry leaders estimate Russian miners produced about 55,000 BTC in 2023 and roughly 35,000 BTC in 2024, with daily income near 1 billion rubles. Russia’s legal mining regime includes registration, tax rates up to 25% for firms, but widespread illegal operations and power theft are costing the…
Brad Garlinghouse says Bitcoin could reach $180,000 by end-2026, citing U.S. regulatory clarity, institutional capital from giants like BlackRock, and real-world crypto adoption. Summary Garlinghouse links a potential $180,000 Bitcoin to U.S. regulatory reform over the next 12–18 months, which he says will unlock sidelined institutional capital. He cites BlackRock, Vanguard, and Fidelity entering Bitcoin as “structural” participation, alongside growth in tokenization, payments, and Web3 infrastructure. Other executives at Binance Blockchain Week voiced bullish views but warned that macro liquidity, adoption, and recent volatility could still cap near-term upside. Ripple CEO Brad Garlinghouse predicted Bitcoin (BTC) could reach $180,000 by…
XRP price is edging towards a key support level as short positioning grows and on-chain activity rises. Summary XRP is under pressure amid negative funding rates and growing short interest. On-chain velocity reaches its highest level this year, indicating active token movement. Technical indicators show weak momentum with resistance near $2.25 to $2.35. XRP traded at $2.13 at press time after slipping 1.3% in the past day, extending a week of steady weakness that pushed it about 3.5% lower. The token is now about 40% below its July high of $3.65. Market activity appears to be cooling, with daily XRP (XRP)…
Binance is once again at the center of a legal dispute following a 2022 incident that led to the loss of significant user funds. Summary Florida’s appeal court has reinstated a lawsuit claiming Binance failed to freeze and recover roughly 1,000 BTC stolen in 2022. The ruling found Binance maintained sufficient U.S. and Florida contacts through affiliates and infrastructure, overturning a lower court’s dismissal. The case returns to trial court, adding pressure on offshore exchanges facing similar negligence and stolen-asset lawsuits. A Florida appeals court has reopened a long-running dispute involving Binance after finding the case deserves another look. According…