A new bill in Congress aims to establish a Federal Cryptocurrency Theft Task Force within the Justice Department, months after the disbandment of the National Cryptocurrency Enforcement Team (NCET). The proposal seeks to improve coordination for investigating and prosecuting crypto theft while keeping market regulation separate.
Jamie Lawrence Powrie, 39, has been granted bail and placed under house arrest after being charged with dealing with proceeds of crime worth over $5 million, linked to dark web activities and $5.7 million in bitcoin. His arrest is part of a major NSW Police investigation.
Bitcoin's largest institutional buyers, including ETFs and corporate treasuries, are showing signs of strain with significant outflows and reduced trading volumes. This shift raises questions about the cryptocurrency's role in institutional portfolios and its ability to sustain price levels above $60,000.
Sam Bankman-Fried has lost his appeal against his fraud conviction and 25-year prison sentence for the collapse of FTX. A US appeals court upheld the jury's decision, rejecting his defense that he believed FTX had sufficient funds.
Delaware and New Jersey are advancing legislation to ban cryptocurrency ATMs due to concerns over their use in scams. The FBI reported significant losses and increased complaints related to crypto ATMs in 2025. Other states have already enacted similar bans.
AI Financial Corp. sees improved outlook after a $1.5B crypto deal with Trump family partners soured, leading to a 92% stock drop. The company faces Nasdaq delisting if stock doesn't stay above $1.
Delaware lawmakers have advanced House Bill 441, a proposed ban on all cryptocurrency kiosks within the state. Sponsors cite consumer protection against predatory practices and fraud, particularly targeting vulnerable populations and elders, as the primary motivation for the legislation.
China's cybersecurity watchdog warns against third-party AI 'skills' packages that bypass safety guardrails or offer crypto-mining functions, citing risks of data leaks and money laundering. Users are advised to use official channels and limit permissions.
Bitcoin's recent drop below $60,000 triggered nearly $10 billion in futures liquidations, exposing the impact of leverage in the crypto market. Analysts suggest capital is rotating towards AI and private tech deals, diverting attention and liquidity from Bitcoin.
Bitcoin has surpassed $60,000 after a Friday dip, despite a 27% year-to-date loss. Large options trades in Strategy and Coinbase show divergent market outlooks, with one expert citing Bitcoin's resilience against AI narratives.
Standard Chartered maintains its year-end Bitcoin price target of $100,000 despite a recent crash below $60,000, citing potential buying opportunities and strategic purchases, though market sentiment and analyst predictions vary widely.
South Korea's Gangwon Provincial Police Agency is investigating domestic Polymarket users for illegal gambling on election outcomes, tracing crypto transactions, with potential fines up to 10 million won ($6,500).
Labour MPs are alarmed by significant donations to Reform UK from cryptocurrency billionaires Christopher Harborne and Ben Delo, totaling £7m. Concerns are raised about transparency and the potential for wealthy overseas donors to influence politics, despite new electoral finance regulations.
Bitcoin's price has fallen 12% amid heavy selling from ETFs, speculators, and miners. However, the derivatives market shows a record number of short positions, setting up a potential short squeeze if selling pressure eases.
Reform UK has raised £9m, largely from cryptocurrency billionaires, in the first quarter, significantly outstripping other parties. Major donations came from Christopher Harborne and Ben Delo, raising concerns about big money in politics.
Bitcoin prices dropped to their lowest point since early April, falling below $66,500. Traders on platforms like Kalshi and Polymarket anticipate further declines, with significant probabilities assigned to prices falling below $60,000 and even $50,000 in 2026 and 2024, respectively.
Zcash Foundation executed a rare emergency network upgrade to patch a critical flaw in its core transaction system. A security researcher discovered a bug that could have allowed spending of funds not owned, but the network's integrity was maintained, and no ZEC was lost.
Binance revealed a revenue-sharing agreement with Alpaca, a provider of tokenized US stock and ETF infrastructure. Binance will receive 50% of Alpaca's PFOF fees and 65% of stock lending profits.
Russia's Ministry of Finance plans to regulate cryptocurrency inheritance and its division during divorce proceedings. The government is also working on a bill to legalize crypto trading through licensed platforms under central bank supervision.
Bitcoin's fall below $70,000 has led to $1.8 billion in liquidations, shifting market focus from dip-buying to defensive strategies. Options data shows increased demand for $60,000 and $50,000 strikes as investors brace for a deeper reset.
A California crypto mogul, Adam Iza, known as "The Godfather," pleaded guilty to orchestrating an attempted kidnapping of a couple in Connecticut to seize a portion of $245 million in stolen Bitcoin. The plot was linked to the couple's son's involvement in the heist.
Bitcoin dropped 7% to a nine-week low of $65,385 as US-Iran tensions escalated and ceasefire talks stalled. Over $1.83 billion in crypto positions were liquidated, mostly long Bitcoin and Ether. Analysts cite leveraged liquidations and technical breakdowns amplified by geopolitical fears.
The US has imposed sanctions on Nobitex, Iran's largest cryptocurrency exchange, and its executives, accusing them of helping the Iranian government bypass Western restrictions. The move, dubbed 'Economic Fury,' aims to increase economic pressure on Tehran amid ongoing conflicts.
Streamer Clavicular's harsh criticism of Bitcoin as "garbage" and a "horrible investment" on a viral livestream has ignited a debate within the crypto community, reviving past controversies and highlighting a divide between online personalities and digital asset investors.
