News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
VIPLeading projects on Optimism
The sale comes a day after ARK sold $50.5 million of the crypto exchange’s stock.
PLUS: A day in the life of Binance’s head of law enforcement training – petty crooks, fake subpoenas, and dodging politically sensitive requests.
The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.
Ripple's XRP, Solana's SOL and Lido Finance's LDO lost more than 4% in the last 24 hours.
Wall Street banks including J.P. Morgan also saw the ruling as a positive outcome for the crypto exchange.
A U.S. bankruptcy court previously granted the crypto lender permission to sell its altcoin holdings for bitcoin and ether starting in July.
The latest price moves in crypto markets in context for July 17, 2023.
Funding rates in perpetual futures tied to BNB are most negative in nearly three months.
The rising flows into Toronto-based Purpose’s spot bitcoin ETF, which received approval by Canadian regulators in 2021, reflect strong appetite among retail investors for these types of products and are a promising sign for U.S. companies who have recently filed spot BTC applications with the SEC.
- 23:13New York Financial Regulator Says BitLicense Remains a Global Benchmark for Crypto RegulationAt the Consensus 2025 conference in Toronto, New York State Department of Financial Services Superintendent Adrienne Harris stated: "In the absence of a U.S. federal framework, New York's crypto regulatory regime remains a guide for both domestic and international regulatory bodies, including Congress." She noted, "The process of becoming one of our regulated entities can be challenging," but the high standards "have proven to be effective." She cited FTX, Voyager, and Celsius as examples: "FTX, Voyager, Celsius failed our tests and therefore could not operate in New York." She emphasized that BitLicense remains a global standard and mentioned that the regulatory work is handled by a team of 60 people. Her deputy, Ken Coghill, added, "You are not just showcasing a product, you are showcasing yourself," and "a lot of preparation work needs to be done," with most applicants failing to pass the review.
- 23:12US Democrats Demand Treasury Provide Trump Crypto Transaction Information, Citing "Bribery" RiskKey Democratic members of the U.S. House of Representatives sent a letter to the Treasury Department on Wednesday, requesting its anti-money laundering regulatory agency to provide all suspicious activity reports (SARs) related to Trump's cryptocurrency projects. They accuse Trump and his team of potentially abusing power to benefit from cryptocurrency businesses, particularly involving Trump's blockchain project World Liberty Financial and the $TRUMP Memecoin. The letter mentions that Democratic members are calling for an urgent investigation into World Liberty Financial, launched by Trump and his family in September 2024, and its related activities to assess any violations of campaign finance, bribery, and securities regulations. This move marks an escalation in Congress's scrutiny of Trump's cryptocurrency business, as Senate Democrats also refrained from voting to advance stablecoin legislation last week due to Trump's cryptocurrency projects.
- 23:12The probability of the Federal Reserve keeping rates unchanged in June is 91.7%According to CME "FedWatch": The probability of the Federal Reserve maintaining rates unchanged in June is 91.7%, and the probability of a 25 basis point rate cut is 8.3%. The probability of the Federal Reserve maintaining rates unchanged in July is 63.3%, with a cumulative probability of a 25 basis point rate cut at 34.2% and a cumulative probability of a 50 basis point rate cut at 2.6%.