Skip to main content

Oil Surges to $90 Amid Middle East Conflict, Raising Volatility Risks for Crypto Markets

Brent crude futures hit $90 per barrel on Friday, marking a two-year high as the conflict between the U.S., Israel, and Iran enters its seventh day. Qatar’s Energy Minister warns of $150 oil if regional production remains disrupted, a scenario that could heighten global inflationary pressures. Bitcoin mining profitability faces a double-edged sword as energy costs rise, while some investors eye digital assets as a potential hedge against...

Breaking, News

Continue reading

SEC Reaches M Settlement With Justin Sun, Dismissing Claims Against Tron Founder

SEC Reaches $10M Settlement With Justin Sun, Dismissing Claims Against Tron Founder

SEC agrees to dismiss all claims against Justin Sun, the Tron Foundation, and the BitTorrent Foundation. Rainberry Inc., the company behind the BitTorrent protocol, agrees to pay a $10 million civil penalty and accept an injunction against deceptive securities practices. Settlement subject to court approval; no admission or denial of the original 2023 allegations of unregistered token sales and wash trading. The U.S....

Crypto regulation, Cryptocurrencies, Front page, News, Regulation

Continue reading

Bitcoin Taps ,000 as ETF Inflows Surge Amid Trump’s Backing of CLARITY Act

Bitcoin Taps $74,000 as ETF Inflows Surge Amid Trump’s Backing of CLARITY Act

Bitcoin (BTC) briefly climbed above $74,000, gaining roughly 8% over the past 24 hours and returning to the level for the first time in about a month. U.S. spot Bitcoin ETFs attracted more than $680 million in inflows this week, signaling renewed institutional interest. Altcoins rallied sharply, with Ether up over 9% and Dogecoin surging more than 15%; crypto stocks including Coinbase advanced around 15%. Bitcoin has broken...

Crypto regulation, Cryptocurrencies, Front page, News, Regulation

Continue reading

South Korea’s KOSPI Plummets 20% in Historic Two-Day Rout as Traders Rotate to Bitcoin

South Korea’s KOSPI index fell 20% over two trading sessions, triggering multiple circuit breakers and trading halts as geopolitical tensions in the Middle East sparked a massive sell-off. Bitcoin climbed 7% over the same 24-hour period, breaking above $73,000, as analysts observe signs of retail capital rotating from equities into digital assets. Despite the surge in crypto prices, the Kimchi premium remains near 1%, suggesting that while...

Breaking, News

Continue reading

Michael Saylor Doubles Down as Strategy Surpasses 720,000 BTC in Treasury Holdings

Strategy (formerly known as MicroStrategy) has expanded its massive digital asset portfolio, disclosing the purchase of 3,015 bitcoin for approximately $204.1 million. According to a Form 8-K filing with the Securities and Exchange Commission, the acquisition was made at an average price of $67,700 per bitcoin, including fees and expenses. The purchase was funded through the company’s at-the-market (ATM) offering program, which included the...

Breaking, News

Continue reading

© Cryptopress. All rights reserved.