What Happened in Crypto Today: The Secret Bitcoin Kingdom?

Bitcoin keeps knocking on $90K's door, but someone's not answering.

Everyone knew this resistance level would be tough. But watching Bitcoin bounce off it again and again? That's something else.

What's interesting isn't the rejection - it's how quickly buyers jump in every time there's a dip. They're not even waiting for "the perfect moment" anymore.

And then there's the Fed, showing up with the bad news of no rate cuts.

The market

Consensys CEO Predicts Dismissal or Settlement of SEC Crypto Cases Under Trump

Joe Lubin, CEO of Consensys, has expressed optimism that ongoing legal disputes between cryptocurrency firms and the U.S. Securities and Exchange Commission (SEC) may be resolved favorably under a Donald Trump administration.

Speaking at DevCon 2024 in Thailand, Lubin suggested that the SEC might find ways to dismiss or settle these cases, potentially saving the crypto industry “hundreds of millions of dollars.”

L

South Korea's Upbit Faces Investigation Over KYC Violations

Upbit, South Korea's largest crypto exchange, is under scrutiny for allegedly approving a significant number of accounts without proper identification verification.

Reports indicate that the Financial Services Commission (FSC) has identified between 500,000 and 600,000 violations related to know-your-customer (KYC) regulations during a routine license renewal review.

According to a report by Maeil Business Newspaper, the FSC discove

Landmark Lawsuit Challenges SEC Authority by State AGs and Crypto Advocates

The DeFi Education Fund has mounted a serious legal challenge against the U.S. Securities and Exchange Commission (SEC) in an effort to clip the agency's wings in regulating cryptocurrency markets. The lawsuit, backed by a coalition of state attorneys general and filed in the Federal Court of Kentucky's Eastern District, seeks to rein in the SEC's enforcement actions against crypto exchanges.

The complaint from the pl

Bitfinex Hacker Sentenced to Five Years in Record $10.7 Billion Crypto Heist

The mastermind behind one of the most egregious cryptocurrency hacks, Ilya "Dutch" Lichtenstein, has been sentenced to five years in prison for his role in a 2016 hack from the Bitfinex exchange and subsequent money laundering.

According to a report from Bloomberg on Thursday, the sentence represents a milestone in what had been the biggest seizure of cryptocurrency by the U.S. government.

The sentence represents a

Analyst at VanEck Says Bitcoin Might Reach $180,000 in Current Rally

The recent surge in Bitcoin (BTC) prices could well last into 2025 and see it reach highs of $180,000, said Matthew Sigel, head of digital assets research at VanEck. During a recent interview with CNBC Squawk Box, Sigel drew uncanny similarities between the digital currency's ongoing post-election rally and that of its aftermath from the 2020 presidential election.

"As we expected, Bitcoin saw this high volatility pump after

Fed Chief Powell Signals No Rush on Rate Cuts Despite Market Anticipation

Federal Reserve Chairman Jerome Powell damped market expectations of quick interest rate cuts by citing the resilience of the economy and the need to adopt a measured approach. Speaking at an event in Dallas, Powell made it clear that current economic conditions have been such that one does not need quick action on rate cuts.

"The economy is not sending any signals that we need to be in a hurry to lower rates," said Pow

Bhutan Cashes out $33.5B in Bitcoin, Still Holds $1.11B in BTC

The Royal Government of Bhutan has sold 367 Bitcoin (BTC), worth about $33.5 million through major cryptocurrency exchange Binance. According to Arkham Intelligence, a blockchain analytics firm that tracked the transaction, the sale occurred Thursday morning when Bitcoin reached an intraday high of more than $90,000, before later retreating to $87,000.

This latest sale makes the second significant Bitcoin sale for Bhutan in recent

Off The Grid’s Unique Approach to Blockchain Gaming

Battle royale game Off The Grid has garnered significant attention since its launch, amassing 9.12 million wallets and over 100 million transactions within its first month.

The game, developed by Gunzilla Games, employs blockchain technology in a manner that some industry insiders describe as “invisible,” allowing players to engage without being burdened by complex blockchain mechanics.

The game’s graphics and gameplay are not reliant on bl

DeFi Technologies Announces CoreFi Strategy, Following Success of MicroStrategy

DeFi Technologies has announced plans to launch CoreFi Strategy, a new investment vehicle aimed at providing exposure to Bitcoin and its associated decentralized finance ecosystem.

Scheduled to debut in the first quarter of 2025, the initiative will operate on a Canadian stock exchange, according to a press release from the company.

CoreFi Strategy is designed to replicate investment strategies seen in firms such

What Happened in Crypto Today: Nobody Saw This Coming

Everyone keeps saying Bitcoin's hitting $500K under Trump, but Mike Novogratz isn't buying it.

While crypto Twitter's going wild with price predictions, Galaxy Digital's CEO just gave a reality check that's got everyone talking.

His take? That whole "Bitcoin Strategic Reserve" idea everyone's banking on? Probably not happening.

And it's not just about politics - it's about those 36 trillion reasons (aka the national debt) that might make

Meme Token Listings on Coinbase Sends PEPE, WIF on Staggering Rally

Major U.S. exchange Coinbase announced its intention to list both PEPE and Dogwifhat (WIF), in a surprise listing policy U-turn that sent meme token trading into a frenzy.

Paul Grewal, Coinbase’s listings lead, announced the news in a tweet: “You've long wanted the frog. Well, soon you'll get the frog. @coinbase is adding PEPE to our listing roadmap with the goal of listing later today.” This sent PEPE up 69% and WIF jumping

Ethereum's Beam Chain Proposal Sparks Debate Over Five-Year Implementation Timeline

A newly proposed overhaul of Ethereum's consensus layer has sparked debate in the crypto community, with supporters defending its lengthy implementation timeline from critics who warn of competitive risks. The Beam Chain proposal, which Ethereum researcher Justin Drake introduced, promises big upgrades to scalability and security but isn't expected to launch until ays prominent network contributor cygaar in def

Cardano Rally Cools Despite Recording Strong Weekly Gains

Cardano (ADA) has jumped a staggering 52% in the last week, but recent indications hint that the digital asset’s explosive growth is cooling off. The cryptocurrency suffered a key setback with its decline of 5% in the last day, raising the eyebrows of analysts tracking the asset’s moves.

Technical indicators paint a mixed picture of ADA's current trend. The Average Directional Index (ADX), is a leading metric that measures the strength

Pro-Crypto Senator John Thune Claims Senate Leadership in Republican Victory

South Dakota Republican John Thune has won the post of Senate Majority Leader in the 119th Congress, opening a new frontier that might change the game for cryptocurrency legislation in Washington. The veteran legislator and known crypto-friendly politician won the hotly contested leadership race in the historic Old Senate Chamber.

Thune, who has been Mitch McConnell’s deputy, won the job in a second-round vote over T

Spot Bitcoin ETFs Attract $817 Million in Inflows as BTC Dips 3.4%

Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced significant inflows totaling $817.5 million on Tuesday, despite a 3.4% decline in the price of Bitcoin, which is currently trading at $86,855.

This drop follows a brief surge above the $90,000 mark earlier in the week, suggesting potential profit-taking by investors.

BlackRock’s IBIT led the inflows, attracting $778.3 million, contributing to a total o

China-St. Kitts Citizen Faces 20 Years for $73 Million Investment Fraud

Daren Li, a 41-year-old dual citizen of China and St. Kitts and Nevis, has pleaded guilty to conspiracy to commit money laundering involving a crypto scheme that defrauded victims of approximately $73 million. The U.S. Department of Justice (DOJ) announced Li's guilty plea on Tuesday, detailing his role in a sophisticated scam known as “pig butchering.”

Li admitted to laundering at least $73.6 million in funds obtained fr

What Happened in Crypto Today: Why Elon Keeps Tweeting About PNUT

Remember when everyone said crypto needed government approval to succeed?

Looks like we got more than we bargained for.

Trump's victory has been shaking things both in Washington and crypto. The market's up big time since election day, but that's not even the interesting part.

What's catching everyone's attention is how different parts of the crypto market are reacting. Bitcoin's doing its thing, sure, but Ethereum? That's wh

Trump Taps Musk, Ramaswamy To Lead New Department of Government Efficiency

President-elect Donald Trump has created a new federal department that will work to make the government leaner, naming tech mogul Elon Musk and entrepreneur Vivek Ramaswamy to lead it.

D.O.G.E., which stands for Department of Government Efficiency, an appropriately named new agency proposed by Elon Musk, will take the lead in an ambitious effort to transform federal bureaucracy and root out frivolous spending from the

Musk's Cryptic Squirrel Meme Sends PNUT Token Soaring Amid Political Aftermath

Six years ago, a heroic squirrel became a viral meme on Reddit. Today, in the wake of the 2024 presidential election, Elon Musk made a reference to it that sent the digital crypto markets into a tizzy. The tech billionaire posted cryptically, "The prophecy has been fulfilled," while bringing renewed attention to the infamous tale of Peanut the Squirrel, driving remarkable gains in a related meme coin.

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