Author: John Smith
The Dow Jones Index and the crypto market slipped as investors reacted to Donald Trump’s decision on Kevin Warsh to be the next Federal Reserve Chairman. Summary The Dow Jones Index dropped by over 0.40% on Friday. The crypto market also dropped, with Bitcoin and most altcoins being in the red. These assets dropped after Donald Trump nominated Kevin Warsh for the Fed Chair. The Dow Jones, S&P 500, and Nasdaq 100 indices dropped by over 40 basis points, while the crypto market crash gained steam. Bitcoin (BTC) moved below $82,000 for the first time in weeks. Ethereum (ETH) dropped…
London-based subscription platform OnlyFans is reportedly negotiating the sale of a 60% stake to California private equity firm Architect Capital. Summary OnlyFans is reportedly selling a 60% stake. Fenix International, OnlyFans’ parent company, invested about $19.9 million in Ethereum during 2021–2022. By November 2022, falling crypto prices caused an $8.45 million impairment; whether the company still holds the assets remains to be seen. According to the Wall Street Journal, the deal could value the company, known for its X-rated content, at $3.5 billion, or $5.5 billion including debt. Architect Capital, which specializes in restructuring complex businesses, aims to improve payment…
Changpeng “CZ” Zhao, co-founder and former CEO of Binance, defended the world’s largest cryptocurrency exchange against accusations that it played a central role in last October’s $19 billion market crash. Speaking in a live ask-me-anything session on Binance’s platform, Zhao called such claims “far-fetched” and said they ignore broader market dynamics, Bloomberg reports. Summary Zhao called claims that Binance caused the $19 billion crypto crash in October 2025 “far-fetched.” Binance provided around $600 million to affected users and operates under Abu Dhabi regulation and US monitorship, with Zhao noting system issues were already addressed. Zhao was pardoned by Trump in…
A super-PAC backed by crypto billionaires Cameron and Tyler Winklevoss is learning the hard way that political fundraising in Bitcoin can be a risky bet. A large cryptocurrency donation made during last year’s bull market has since lost millions in value, Bloomberg reported. The plummet underscores how volatility can complicate both campaign finance strategies and promises. After all, President Trump pledged that the U.S. would be a “crypto capital” — today, it’s anything but. Summary Winklevoss-backed super-PAC, Digital Freedom Fund, raised over $22 million in late 2025, including a major Bitcoin donation. Holding 188.4547 Bitcoin instead of converting it to…
MiCA is fully in force, but the European Securities and Markets Authority (ESMA) and national regulators are warning that crypto asset service providers operating without authorization must either secure licenses or wind down as transitional periods expire into 2026. Under MiCA, licensed exchanges face capital, asset segregation, disclosure, and governance requirements that materially raise the cost of doing business. To learn more, crypto.news spoke with KuCoin CEO BC Wong on the heels of KuCoin’s recent press conference in Vienna, as well as its EU VIP Gala on Jan. 28. CN: How does KuCoin view competitive dynamics in Europe over the…
On January 30, the XRP price crashed sharply, reflecting rising investor anxiety over the economic outlook. Market jitters fueled by postponed U.S. inflation reports and potential government shutdowns drove heavy selling in the cryptocurrency market. Summary On January 30, the XRP price dropped sharply to around $1.75 at last check, reflecting rising investor anxiety over economic uncertainty. Near-term XRP volatility is expected, with the price prediction largely dependent on political and macroeconomic developments. Technically, a daily close below $1.80 could push XRP toward $1.60–$1.50, while a rebound requires a close above $1.83. Macroeconomic pressure builds After failing to hold the…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The debate over when AI will arrive on blockchains has been settled. It’s already here. In 2024 alone, bots accounted for around 90% of stablecoin transaction volume. And on networks like Gnosis Chain, AI agents now generate more than half of Safe smart account activity. Summary Crypto is becoming a machine economy — AI agents already dominate onchain activity, turning blockchains into infrastructure primarily used by autonomous systems rather than humans. AI widens the security arms race…
Gold’s vertical spike to fresh records is Peter Schiff’s proof that U.S. stocks sit in a “historic bear market” once priced in ounces, not dollars, and that central banks are quietly replacing the greenback with metal. Summary Gold briefly hit about $5,590 before closing near $5,414, logging the largest single‑day dollar gain in its history. Schiff notes the Dow has fallen from roughly 17.9 ounces of gold in 1999 to about 9 today, arguing nominal equity highs mask deep real losses. As the Fed pauses, central banks keep buying around 60 tons of gold per month, while regulators tighten crypto…
Ethereum Foundation adopts a five‑year “mild austerity” plan, reallocating 16,384 ETH and refocusing on core protocol, privacy, and open, verifiable systems. Summary Vitalik Buterin confirms withdrawal of 16,384 ETH to fund long‑term core Ethereum development under a leaner structure. The Foundation will run a five‑year “mild austerity” program to preserve independence while prioritizing scalability, security, and decentralization. Focus areas include secure open‑source hardware, privacy tech like zero‑knowledge systems, encrypted messaging, and local‑first operating systems. The Ethereum Foundation announced a multi-year austerity program designed to balance development priorities with long-term financial sustainability, according to a public statement from co-founder Vitalik Buterin.…
The crypto market tanked over 6% on Friday, as nearly $1.7 billion worth of leveraged crypto positions were wiped out. Summary Over $1.7 billion in leveraged crypto positions were liquidated in the past 24 hours. Crypto investors reacted to a number of geopolitical tailwinds and concerns around Microsoft’s Q2 earnings report. According to data from CoinGlass, the crypto market experienced the liquidation of $1.71 billion worth of leveraged positions in the past 24 hours. The majority of this wipeout came from long positions, which accounted for nearly $1.59 billion of the total. The scale of the event is more startling,…