Bitcoin bulls failed to stay above $72,000 for long as BTC price action already began to discount the impact of a US-Iran ceasefire agreement. Bitcoin (BTC) hit new three-week highs into Wednesday’s Wall Street open as stocks surged on a US-Iran ceasefire. Key points: Bitcoin briefly hits new three-week highs before round-tripping its gains. Read...Continue Reading

MEXC appointed Vugar Usi as CEO and outlined plans to expand zero-fee trading and pursue MiCA licensing amid growing industry competition. MEXC appointed Vugar Usi as CEO on Wednesday, elevating the executive as the exchange steps up its push for global licensing, including under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework. MEXC said...Continue Reading

ZEC’s latest rebound resembled bounces witnessed during the 2021 bear market, raising the odds of a 40% correction in the coming weeks. Zcash (ZEC) rallied after President Donald Trump announced a two-week ceasefire deal with Iran, leading gains in a broader relief rally across global risk markets. Key takeaways: A 2021-style fractal warns ZEC price...Continue Reading

Crypto trades settle instantly, but at the cost of capital efficiency. This forces firms to overcollateralize and limits how far markets can scale, says Cosmos co-founder Ethan Buchman. Crypto’s push for instant settlement is creating a capital inefficiency problem, forcing trading firms to fund every transaction in full and raising concerns about how the market...Continue Reading

Bitcoin miner Cango said it sold 2,000 BTC to pay off debt and cut its BTC production cost by 19% as part of its strategic pivot to energy and AI infrastructure. Bitcoin mining company Cango said on Wednesday it slashed its Bitcoin production cost to $68,215 per coin, a 19.3% cost reduction compared to the...Continue Reading

Standard Chartered is reportedly exploring a shake-up of Zodia Custody that would bring parts of the crypto custodian inside its own investment bank. Standard Chartered is reportedly weighing a restructuring of its majority-owned crypto custodian Zodia Custody, as large banks look to bring more digital asset infrastructure inside their core banking operations. The United Kingdom-based...Continue Reading

CZ’s new memoir reignited his long-running feud with OKX founder Star Xu, who called the Binance founder a liar in posts on X. Changpeng “CZ” Zhao’s new memoir has reignited a long-standing feud with OKX founder Star Xu, who accused the Binance founder and former chief of lying about their shared history and past disputes....Continue Reading

The Financial Services Commission said inconsistent exemption rules created loopholes that allowed funds to move quickly with minimal account history. South Korea’s financial regulator said it will tighten the exception rules under crypto exchanges’ withdrawal-delay system after finding that scam-linked accounts granted exemptions accounted for most voice-phishing-related losses.  The Financial Services Commission (FSC) said Wednesday...Continue Reading

White House economists say banning stablecoin yield would add little to bank lending while imposing significant costs on users. A White House report found that banning yield on stablecoins would have a marginal impact on bank lending while creating clear economic downsides. According to the Council of Economic Advisers, a three-member agency within the Executive...Continue Reading

The draft proposal from South Korea’s ruling party reportedly bars stablecoin interest and calls for technical standards to ensure interoperability across blockchain networks. South Korea’s ruling Democratic Party is reportedly preparing a draft bill that would classify stablecoins as foreign exchange payment instruments and require tokenized real-world assets (RWAs) to be backed by assets held...Continue Reading