California Revokes BlockFi’s Lending License Two Years Post-Bankruptcy

The California Department of Financial Protection and Innovation (DFPI) has permanently revoked the lending license of BlockFi, a crypto lender that declared bankruptcy two years ago.

The decision, announced on Nov. 7, follows an examination of the company after its license was suspended in November 2022.

BlockFi, which filed for Chapter 11 bankruptcy in November 2022, was found to have violated the California Financing L

BlackRock’s Bitcoin ETF Achieves Record $1.1 Billion in Single-Day Inflows

BlackRock’s iShares Bitcoin Trust (IBIT) has set a new benchmark with over $1.1 billion in net inflows recorded on Thursday, marking the highest single-day inflows for the fund.

This surge comes on the heels of a broader trend, as the 12 U.S. spot Bitcoin ETFs collectively reported total daily net inflows of $1.38 billion—also a record since their inception in January.

The unprecedented interest in IBIT follows a sign

Robinhood Chief Legal Officer Gallagher is Frontrunner To Replace SEC Chair Gensler

Former SEC commissioner Dan Gallagher, 45, has emerged as a top candidate to lead the Securities and Exchange Commission (SEC) following Donald Trump’s presidential election win. Currently chief legal and compliance officer at Robinhood Markets, Gallagher heads a shortlist of candidates being considered by Trump's transition team.

The would-be nomination represents a dramatic turn for the regulatory agency, si

Early Ethereum Whale Starts Selling ETH Following Break of $2,900 Level

An early Ethereum investor has emerged after nine years of hibernation, armed with a fortune that has multiplied 330 times since he made his initial investment. This investor, who got 12,001 ETH through cryptocurrency exchange ShapeShift in 2016, has started selling his stash of Ethereum.

His initial investment, $103,000 for 12,000 ETH at an average price of $8.58 per ETH, has now grown to a staggering $34.1 million. Such

Fed Rate Cut Sends Bitcoin to Record Highs as Markets Transition to New Politics

Bitcoin (BTC) surged to an all-time high of $76,800, as the latest Federal Reserve interest rate cut of 25 basis points marked a new milestone for both legacy and digital financial markets. This sets the target range between 4.5% and 4.75%, furthering a shift in monetary policy that has historically favored risk-on assets.

Fed Chair Jerome Powell allayed any concerns of political influence on monetary policy flat

Detroit Becomes First Major American City To Pioneer Crypto Payments for City Services

Detroit is making history as the first major American city that will permit cryptocurrency to pay for its services. The groundbreaking move was announced by city officials on Thursday, allowing residents to start paying taxes and city fees with cryptocurrency through PayPal's secure payment platform starting in mid-2025.

“Detroit is building a technology-friendly environment that empowers residents and entr

Interview With Yat Siu

Animoca Brands chairman and co-founder Yat Siu is one of the nicest and most approachable people not only in all of Web3 but also in the top tier of the most influential crypto movers and shakers. He’s a legitimate Web2 gaming OG who found his way to crypto through NFTs back in 2017.

Yat is an outspoken proponent of what he calls “true digital property rights,” and he also sits on the Task Force on Promoting Web3 Development in the Hong Kong SAR. 

Animoca drove most of

Joe McCann Interview: Solana is the Actual Decentralized SuperComputer

Joe McCann is the outspoken founder of Asymmetric, a top-performing crypto venture capital fund backed by investors including Marc Andreessen, Chris Dixon, and Circle, as well as the founders of Solana and Multicoin. He's also a noted meme coin trader. We had a fascinating chat with him at Solana Breakpoint 2024 in Singapore last month, where we and this investment gigabrain covered everything from macro to meme coins.

Dis

Bitcoin and Gold Expected to Benefit from Trump Presidency, JPMorgan Analysts Say

In a recent report, JPMorgan analysts indicated that Donald Trump’s victory in the U.S. presidential election may favor both Bitcoin and gold as part of what they call the "debasement trade." This investment strategy typically involves purchasing assets perceived as stores of value—such as gold and Bitcoin—when a currency is expected to weaken due to inflationary policies.

The report, led by managing director Ni

What Happened in Crypto Today: Crypto Finally (and Officially) Better Than Stocks?

It's a beautiful day for us!

The headlines are everywhere, your phone's probably blowing up with notifications, and yes – Bitcoin just did what everyone's been talking about since yesterday's election results. Trump's victory seems to have sparked something big.

That number you're looking at isn't a glitch – Bitcoin actually touched $76,460. Even after settling around $75K, the market's showing no signs of slo

Japanese E-Commerce Giant Mercari’s Crypto Exchange Reports Ninefold Growth

Mercari's cryptocurrency exchange division, Melcoin, reportedly marked an astonishing ninefold increase in trading revenues that reached 271 million yen ($1.8 million) in the third quarter of 2024. The incredible growth, compared to the previous year's 30 million yen, seals a critical milestone in the Japanese e-commerce leader's digital currency initiative.

Melcoin started trading Bitcoin in March 2023 and has been e

Polymarket Whales Made Millions From Predicting Presidential Race Outcome

Decentralized prediction marketplace Polymarket entered the spotlight during the U.S. presidential race this year, peaking with a $3.2 billion trading volume on election day. Those who used the platform to bet on Donald Trump's win over Kamala Harris got astonishing returns, setting the so-called conventional polling and media predictions wrong.

Among the biggest winners was a French trader, known only as "Théo," who ma

Binance Listing Sends Sui-Based DEX Token Surging to Double-Digit Gains

Binance announced it would integrate Cetus, a trading protocol built on the Sui blockchain, sending its token value up more than 58% in the past 24-hour period.

News of the listing broke Tuesday when the largest cryptocurrency exchange in the world announced it would support both spot trading and futures contracts of the CETUS-USDT pair. Trading starts Wednesday, while functionality to withdraw the asset will be added the

DeFi Sector Spikes Post-Election on Prospects From Trump’s Victory

The decentralized finance (DeFi) sector has witnessed a strong resurgence in the wake of Donald Trump’s presidential victory as investors speculate that the new administration would propose regulations that are friendlier toward cryptocurrencies in the U.S. The total value locked in this sector has crossed the $92 billion mark, while top tokens have gained unprecedentedly in the immediate aftermath of the election.

Leading thi

Arkham Intelligence Launches Crypto Perpetuals Exchange

Leading blockchain analytics firm Arkham Intelligence announced that it is launching its derivatives exchange. The perpetual exchange will integrate Arkham's research capabilities and feature live on-chain audits and proof-of-reserve systems.

These changes come in response to the growing clamor for more transparency in cryptocurrency trading. However, it will not include traders based in the United States due to regulatory considerations

Polymarket Resolves Presidential Election Bets as Trump Declared Winner

Polymarket, a decentralized prediction platform, has officially resolved its U.S. presidential election market following calls from major news organizations, including the Associated Press, Fox News, and NBC, declaring Donald Trump the winner.

This resolution comes after a trading volume exceeding $3 billion was recorded in the lead-up to the election.

Prior to Election Day, Polymarket bettors assigned Trump a 62% chance

Coinbase Legal Officer Calls for SEC Reform Amid Trump’s Election Win

Paul Grewal, chief legal officer at Coinbase, has urged the U.S. Securities and Exchange Commission (SEC) to shift its approach toward crypto regulation following Donald Trump’s recent election victory.

Grewal emphasized the need for a regulatory framework that encourages innovation and open dialogue rather than litigation—a sentiment echoed by numerous advocates in the crypto industry who criticize the SEC’s aggressive enf

Trump Secures Historic Return to White House as Crypto Markets Soar

In a historic turn of events, former President Donald Trump has secured his return to the White House, becoming only the second U.S. president to win two nonconsecutive terms in office.

The Associated Press called the race early Wednesday morning after Trump clinched crucial victories in Wisconsin and Pennsylvania, accumulating 277 electoral votes and surpassing the required 270 threshold.

The victory sparked immediate react

Bitcoin Rally Reaches All-Time High as Anticipation of the U.S. Election Spikes

Bitcoin (BTC) surged to new all-time highs on Nov. 6, surpassing the $73,800 level as excitement revolved around the result of the U.S. presidential election. The leading cryptocurrency gained 8.63% over the past 24 hours, and momentarily topped at $75,011.06, according to CoinMarketCap data.

The day began strongly as Bitcoin jumped over 3% to $70,577 during New York trading hours, mirroring the wider market based

Warren Wins Senate Reelection Over Crypto Advocate Deaton in Massachusetts Contest

Senator Elizabeth Warren won her reelection to a fourth term in the U.S. Senate on Tuesday, beating back Republican challenger John Deaton in a Massachusetts contest that put cryptocurrency regulation front and center. The Democrat incumbent took 74% of the vote, receiving 115,000 votes to Deaton's 41,600, according to Associated Press data.

The competition drew much interest in the digital asset community, wit