The Securities and Exchange Commission has paused its fraud lawsuit against crypto mining firm Geosyn Mining and its executives after US federal prosecutors brought similar charges against the company’s CEO and two former executives.

In a Feb. 14 filing to a Texas federal court, the agency agreed to stay the case it filed in April 2024 after Geosyn CEO Caleb Joseph Ward and the firm’s former operating chief Jeremy George McNutt handed themselves over to authorities and appeared in court a day e

Bitcoin (BTC) has been quiet over the weekend, indicating that the bulls and the bears are waiting for the next trigger to make their move. Although traders seem uncertain in the near term, analysts remain bullish over the long term.

Market analyst Gert van Lagen highlighted that Bitcoin has broken out of a megaphone pattern, which could start a parabolic rise toward the $270,000-$300,000 range by 2025. Separately, analyst apsk32 expects Bitcoin to follow gold’s rally and reach $400,000.

Crypt

Barstool Sports founder Dave Portnoy recently disclosed that he returned 6 million Libra (LIBRA) tokens to the project's founder, Hayden Davis, which he received as payment for agreeing to promote the project.

According to Portnoy, he returned the funds to Davis after the Libra founder told Portnoy not to disclose that the project compensated him for promoting the token on social media.

In a Feb. 16 X spaces, the Barstool Sports founder said he was given approximately 6 million to 6.5 million

Kevin Hassett, the director of the National Economic Council — a White House advisory board to President Trump — disclosed that he is now having "regular” meetings with Federal Reserve chairman Jerome Powell.

During a recent appearance on CBS' Face The Nation, the host asked Hassett if his meetings with the Federal Reserve chairman were to influence interest rates. The White House advisor responded:

"Jerome Powell is an independent person. The Federal Reserve's independence is respected. The p

Bitcoin (BTC) risks entering a new “bearish phase” as investors reduce risk exposure at current prices.

In fresh findings on Feb. 15, onchain analytics platform CryptoQuant warned that BTC was increasingly leaving derivatives exchanges.

Bitcoin exchange flow trend flips bearish

Bitcoin flows between derivative and spot exchanges are the latest cause of alarm for those seeking bullish BTC price continuation.

Using the so-called Inter-Exchange Flow Pulse (IFP) metric, CryptoQuant contributor J

The Bitcoin (BTC) mining industry has already created over 31,000 jobs in the United States both directly through mining operations and indirectly through supporting industries despite being a nascent sector, a recently published report found.

According to a study conducted by the Perryman Group and published by blockchain advocacy organizations Texas Blockchain Council and The Digital Chamber, 12 US states account for the majority of Bitcoin mining activity in the country.

Texas had the most

Opinion by: Riccardo Sibani, chief product officer at My Neighbor Alice

If you were to ask professionals in and around the Web3 space what drives the industry, many would say ownership. They’d tell you that decentralization will empower us to own our data, assets and digital identities. Some might even argue that this promised ownership would be the great emancipator and great leveler, helping us break free from the known shortcomings of centralized control and systems. 

They’re not entirely w

The Texas Senate is set to hold a public hearing on Feb. 18 to discuss the establishment of a Bitcoin reserve, but market analysts say the move may be largely symbolic unless the state announces an immediate investment plan.

The first public hearing for the establishment of a potential strategic Bitcoin (BTC) reserve in Texas is scheduled for Feb. 18, less than a week after the bill was received by the Secretary of the Senate, according to the Texas government’s website.

Bill SB21. Source: Cap

Key takeaways

Tokenizing assets on Bitcoin is attractive thanks to the blockchain’s security, recognition and robust infrastructure. 

Bitcoin ordinals enable the creation of non-fungible tokens on the Bitcoin blockchain for asset tokenization

Tokenizing real-world assets on Bitcoin opens up new possibilities in real estate, art, and commodities by inscribing data onto individual satoshis

Regulatory uncertainty and scalability issues remain challenges for the widespread adoption of RWA tokeni

Argentine President Javier Milei is facing calls for impeachment after endorsing a cryptocurrency project that collapsed in what analysts are calling a massive insider scam.

The Solana-native Libra (LIBRA) token started its rally on Feb. 14, shortly after Milei posted about the project on X, formerly Twitter. His now-deleted post included a website and contract address for the token, which was a “private project” dedicated to “encouraging the growth of the Argentine economy.”

Milei’s deleted X

Indian authorities have seized nearly $190 million in crypto associated with Bitconnect amid an ongoing investigation into the global Ponzi scheme, which collapsed in 2018.

“The Enforcement Directorate (ED), Ahmedabad, has seized cryptocurrency worth Rs 1,646 crore during its investigation into BitConnect cryptocurrency fraud in which numerous depositors were allegedly duped in the name of securities investment,” a Feb. 15 local report said.

BitConnect investigation continues looking at other

Bitcoin analyst PlanB revealed that he has moved all his Bitcoin from self-custody into spot Bitcoin exchange-traded funds (ETFs), in an effort to manage his Bitcoin in the same way as traditional assets.

“I guess I am not a maxi anymore,” PlanB said in a Feb. 15 X post, explaining that he moved his Bitcoin (BTC) into spot Bitcoin ETFs so he can manage his holdings more like equities and bonds — without the complexities of self-custody.

Analyst says no wallet keys provides “peace of mind”

“No

Top Stories of The Week

SEC Crypto Task Force met with firms to discuss staking, litigation review

The US Securities and Exchange Commissions Crypto Task Force met with several representatives from the cryptocurrency and traditional finance sectors to discuss regulatory issues impacting digital assets in early February. Key themes included staking, clear guidelines for exchange-traded products (ETPs) and a new framework for policing the emerging asset class. 

According to memoranda available

A scammer posing as David Burt, the premier of Bermuda, created a fake profile on the X social media platform to promote a fraudulent token called "Bermuda National Coin" to users.

The fake profile features a grey checkmark — reserved for government officials and only features 45 posts, with the oldest post from the fake account dating back to Feb. 2, 2025.

Burt's real account has a blue checkmark, 6,245 posts, 12,200 followers — considerably less than the scam account — and joined the platfor

Stablecoin issuer Tether is reportedly in talks with Congressional lawmakers in the United States to help craft stablecoin regulatory policies at the federal level.

According to Fox Business reporter Eleanor Terrett, Tether has been working with representatives Bryan Steil, chairman of the House Financial Committee's Subcommittee on Digital Assets, and French Hill on the STABLE Act introduced by both Congressmen on Feb. 6.

The company also seeks to provide input on two additional stablecoin bi

KIP Protocol, a Web3 company that builds AI payment infrastructure, disclosed that it was involved in the Libertad project promoted by Argentine President Javier Milei on X, which featured the LIBRA token that collapsed by over 95% within hours of launching.

In a Feb. 15 X space, Julian Peh, CEO and co-founder of KIP Protocol, said that KIP Protocol was the tech consultancy company hired to help distribute project funds to local businesses in Argentina.

The CEO claimed that KIP Protocol did no

Opinion by: Dmitry Zhelezov, co-founder and CEO of SQD Network

The decentralized finance (DeFi) industry is held back by a mess of its own making. Problems around liquidity fragmentation add to its complexity and intimidate users. Blockchain-based “intents” might be the solution, but only if the DeFi industry can find a way to ease concerns around centralization. 

Intent-based architectures focus on the user’s intent or desired outcome. They’re a new paradigm in blockchain that’s gaining subst

Bitcoin (BTC) has broken out of a four-year bullish megaphone pattern, which may propel its price to new record highs in the coming months, according to market analyst Gert van Lagen.

BTC is eyeing $270,000-300,000 price target in 2025

The bullish megaphone pattern, also known as a broadening wedge, forms when the price creates a series of higher highs and lower lows. As a technical rule, a breakout above the pattern’s upper boundary may trigger a parabolic rise.

BTC/USD weekly price chart. S

What are leveraged ETFs

Leveraged ETFs are a special type of exchange-traded fund that uses borrowed money or financial instruments (like options, futures or swaps) to amplify the daily performance of an underlying index.

Unlike traditional ETFs that track an index passively, leveraged exchange-traded funds (ETFs) use derivatives, swaps and futures contracts to magnify gains or losses.

For example, consider a 2x leveraged ETF tracking the S&P 500. If the S&P 500 goes up by 1% on a given day,

Dan Morehead, founder and managing partner of crypto investment firm Pantera Capital, is reportedly under investigation for potential federal tax law violations after moving to Puerto Rico, a well-known tax haven.

In a letter received on Jan. 9, the US Senate Finance Committee (SFC) requested information on over $850 million in investment profits Morehead earned after relocating to Puerto Rico in 2020.

Morehead “may have treated” these profits as exempt from US taxes, according to a Jan. 9 let