Quick Summary: Bo Shen is offering a 10–20% bounty to anyone who helps recover roughly $42 million in crypto stolen from his personal wallet in 2022. Bo Shen, co-founder of venture capital firm Fenbushi Capital, has announced a bounty of 10% to 20% of any recovered amount for individuals or organizations that make a substantial contribution to retrieving approximately $42 million in digital assets taken from his personal wallet. Shen made the announcement on Thursday, reviving a case he first disclosed in November 2022. He stated that his team would distribute rewards once the recovery process is complete.Shen said onchain…
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Quick Summary: Bitcoin remains near $70,000 despite geopolitical tensions and fading Fed rate-cut hopes, though a negative Coinbase Premium and slowing ETF inflows raise caution. Bitcoin has maintained its position close to the $70,000 level even as a range of external pressures weigh on broader financial markets. Geopolitical tensions, rising oil prices, and diminishing expectations for Federal Reserve interest rate cuts have done little to shake the cryptocurrency from its current range. This resilience has drawn attention from market observers who see it as a sign of underlying strength in the asset. However, analysts caution that not all indicators point…
Quick Summary: Coinbase has raised concerns over stablecoin yield provisions in the Senate’s latest crypto market structure bill compromise. Coinbase representatives met with Senate lawmakers on Monday to express opposition to language around stablecoin yields included in the latest compromise version of the Senate’s crypto market structure bill. The exchange’s objections were reported by Punchbowl News on Wednesday, citing four people briefed on the meeting. A proposal circulating earlier this week would have barred third parties, including exchanges, from paying stablecoin yields to customers. The measure was designed to address banking industry concerns about the risk of customers moving deposits…
Quick Summary: UK Prime Minister Keir Starmer confirms a moratorium on cryptocurrency political donations to protect elections from untraceable foreign funding. UK Prime Minister Keir Starmer has confirmed that the government will impose a moratorium on political donations made through cryptocurrencies, citing the need to protect democratic processes from foreign interference. The announcement came during Prime Minister’s Question Time on Wednesday. Starmer stated that the government would “act decisively to protect our democracy,” with the crypto donation ban forming a central part of that commitment.The move follows recommendations from the Rycroft Review, an independent inquiry examining foreign financial interference in…
Quick Summary: Rep. Seth Moulton has banned his staff from trading on platforms like Polymarket and Kalshi, with analysts expecting many other offices to follow. A prediction market analyst says more congressional offices are likely to follow the example set by Rep. Seth Moulton, a Massachusetts Democrat who has become one of the first members of Congress to prohibit his staff from participating in prediction market platforms. The policy, which took effect Wednesday, applies to all personnel in his office, including district, legislative, communications, and operations staff. It bars them from trading or holding positions tied to political, legislative, regulatory,…
Quick Summary: A bipartisan US bill seeks to prohibit Congress members, the president, and senior officials from wagering on political outcomes via prediction markets. A bipartisan bill introduced in the US Congress aims to prohibit high-ranking government officials from placing wagers on prediction markets. The legislation, known as the Preventing Real-time Exploitation and Deceptive Insider Congressional Trading Act, or PREDICT Act, was put forward on Tuesday by Representative Adrian Smith and Representative Nikki Budzinski. The proposal reflects mounting concern over the potential misuse of privileged government information for financial gain.The bill targets members of Congress, the president, the vice president,…
Quick Summary: Bhutan has sold roughly $152 million in bitcoin in 2026, cutting state reserves by 66% from a late-2024 peak of around 13,000 BTC. Bhutan has significantly stepped up the pace of sales from its state-owned bitcoin reserves in 2026, offloading approximately $152 million worth of BTC so far this year. The most recent transaction, recorded on Wednesday, involved a transfer of 519.7 BTC valued at around $36.75 million. The scale of recent activity marks a clear shift from the smaller transactions observed earlier in the year.In January and February, the kingdom’s transfers typically ranged between $5 million and…
Quick Summary: Crypto investor Nic Carter warns Bitcoin risks falling behind Ethereum on quantum resistance as Google sets a 2029 post-quantum migration deadline. Crypto entrepreneur Nic Carter, founding partner at Castle Island Ventures, has called on Bitcoin developers to accelerate work on quantum resistance, warning that the network risks being overtaken by Ethereum, which already has a formal post-quantum roadmap in place. Carter made the remarks in a post on X on Thursday, stating that elliptic curve cryptography is on the verge of obsolescence. He argued that whether the timeline is three or ten years, the current cryptographic foundation of…
Quick Summary: XRP trades in its tightest range since January near $1.40, with a sharp breakout or breakdown expected as buyers and sellers reach a standoff. XRP is currently trading just above $1.40, hovering in one of its narrowest price ranges in several months. Volatility has fallen to its lowest level since January, a condition that traders often associate with an impending sharp move in either direction. The compression reflects a standoff between buyers and sellers that analysts say cannot persist indefinitely.On the upside, sellers have repeatedly pushed back against price advances near the $1.43 level, establishing that zone as…
Quick Summary: A federal judge certifies a class action against Nvidia and CEO Jensen Huang over alleged concealment of crypto mining’s role in GPU revenues from 2017 to 2018. A federal judge has certified a class of investors in a lawsuit alleging that Nvidia and its chief executive, Jensen Huang, concealed the degree to which the company’s gaming GPU revenues depended on cryptocurrency mining sales between 2017 and 2018. The order was filed Wednesday by Judge Haywood S. Gilliam Jr. in California federal court. The ruling found that Nvidia failed to demonstrate its statements about crypto mining revenue had no…
