Author: John Smith

Celsius Network’s bankruptcy estate has sued BitMEX for the return of 6,360.17 Bitcoin, worth about $495 million, over forced liquidations carried out during the March 2020 COVID market crash. Summary Celsius and JST lost a combined 6,360.17 BTC through BitMEX liquidations in March 2020. The estate alleges BitMEX designed its system to profit from liquidated customer collateral. Five BitMEX-linked companies have been named as defendants in the New York bankruptcy case. The complaint remains unproven and was filed shortly before BitMEX ends trading on Sep. 23. The complaint, filed on Sep. 12 in the U.S. Bankruptcy Court for the Southern…

Bitcoin price traded near $76,200 after a volatile week as the failed CLARITY Act vote and the Federal Reserve’s rate increase kept pressure on the market. Technical indicators now point to resistance near $78,600, while liquidation data places the main downside liquidity cluster around $74,600. Summary Bitcoin price fell roughly 4% over seven days after briefly approaching $80,000. The daily CMF dropped to -0.11, indicating that capital outflows have overtaken inflows. 4-hour resistance sits near $78,600, while the RSI remains below the neutral 50 level. Liquidation clusters near $74,600 and $77,700 could shape Bitcoin’s next move. Bitcoin price retreats after…

The UK Financial Conduct Authority has issued final guidance requiring crypto firms to reassess their permissions before applications open on Sep. 30 for a regulatory regime taking effect in October 2027. Summary FCA applications open Sep. 30, while the new crypto regime takes effect on Oct. 25, 2027. Existing registrations and permissions will not automatically carry over to the incoming framework. Firms seeking transitional arrangements must apply by Feb. 28, 2027. The guidance covers stablecoins, trading platforms, custody, transaction services and staking arrangements. FCA guidance defines which crypto firms need approval The Financial Conduct Authority said on Sep. 16 that…

Hackers behind the Revolut customer data breach have demanded 6,000 Monero, worth about $3 million, while threatening to sell the stolen records unless the bank pays within 24 hours. Summary Hackers have demanded 6,000 XMR, valued at about $3 million, from Revolut. At least 680 customer accounts were affected after fraudulent government requests passed company checks. Stolen records reportedly include identity documents, verification photos and complete transaction histories. The attackers said blockchain analysis helped them identify customers with large crypto holdings. How Revolut hackers set the 24-hour deadline The Financial Times reported that a group calling itself “iamnotavillain” published the…

The failed Senate vote on the CLARITY Act has shifted attention toward the SEC and CFTC, while crypto founders and investors prepare for a longer period without a federal market structure law, industry experts told crypto.news. Summary The SEC and CFTC may shape near-term crypto rules after the Senate failed to advance the bill. Founders are expected to keep building, but some may place more operations outside the United States. Bitcoin faces less regulatory uncertainty than altcoins, DeFi platforms, exchanges and token issuers. Institutional adoption may slow as banks and asset managers wait for more durable legal certainty. Experts said…

Ondo Finance has become the first tokenization company to enter DTCC’s Fund/SERV network, connecting its regulated U.S. subsidiary with infrastructure that processes more than 85% of domestic mutual fund transaction volume. Summary Oasis Pro Markets can connect with fund companies and financial distributors through one standardized network. Fund/SERV processes transactions, confirmations, reconciliation, distributions, and several reporting functions. Oasis Pro holds registrations covering broker-dealer, trading system, and transfer-agent services in the United States. Ondo has also expanded its tokenized securities business through U.S., Japanese, and blockchain-based products. Ondo Finance said its subsidiary Oasis Pro Markets has joined Fund/SERV as a member,…

Hyperliquid’s HYPE token fell about 7.5% over the past week, retreating from $83.55 to around $78.70 as legal concerns and weaker technical momentum weighed on its recent rally. Summary HYPE price has fallen 7.5% since Sep. 10 after setting a record high near $89. 4-hour Supertrend resistance sits at $82.30, keeping the short-term structure bearish. Bollinger Band support at $75.83 remains the main level protecting the broader uptrend. Hyperliquid reportedly bought and burned 36,720 HYPE worth $2.84 million within 24 hours. HYPE price retreats from record high Hyperliquid (HYPE) price traded near $78.70 on Sep. 16 after falling from an…

Bitcoin price fell toward $75,500 after the U.S. Senate rejected the CLARITY Act, while bearish momentum and nearby liquidation clusters raised the risk of another decline before the Federal Reserve’s rate decision. Summary Bitcoin price traded near $75,940 after briefly sweeping the $75,350–$75,500 support area. The Senate’s 49-50 procedural vote left the CLARITY Act short of the required 60 votes. 4-hour RSI fell to 37.23 as BTC remained below the Bollinger Band midpoint. The daily chart places the next major Fibonacci support near $72,547. According to data from crypto.news, Bitcoin (BTC) price traded at approximately $75,940 at press time, according…

UK banks have retained widespread restrictions on payments to cryptocurrency exchanges as the Financial Conduct Authority prepares to open its new crypto authorization gateway on Sept. 30. Summary Nine major UK banks currently impose limits or outright blocks on payments to crypto exchanges. FCA authorization applications open September 30, before the new crypto regime begins October 25, 2027. FCA guidance covers regulated stablecoin issuance, trading platforms, custody, dealing, arranging deals and staking services. Government policy expects licensed crypto firms to receive fair banking treatment, but banks retain discretion. Industry research says roughly 40% of UK bank-to-exchange crypto transfers are blocked…

Six Malaysian men have been sentenced to prison over an armed robbery at a Singapore high-stakes poker game where the group stole roughly S$4.9 million in cryptocurrency, cash and luxury goods. Summary Six Malaysian men received prison terms for the S$4.9 million armed Singapore poker robbery case. Wong and Goh each received 12 years 11 months, 24 strokes and S$4,000 fines respectively. Police recovered roughly S$1.69 million, leaving about S$3.21 million of stolen property unrecovered after sentencing. Prosecutors said the robbers stole approximately S$3.6 million in cryptocurrency from the poker game’s hostess. Muhammad Yusuf Kassim remains at large and reportedly…