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FTX Sues Genesis Over Fraud

FTX Recovery Trust Sues Bitcoin Miner Genesis Digital for $1.15 Billion Over Fraudulent Transfers

FTX Recovery Trust initiates legal action in Delaware bankruptcy court against Genesis Digital Assets and affiliates. The suit targets $1.15 billion in transfers allegedly made using commingled customer funds under Sam Bankman-Fried’s direction. This clawback effort aims to bolster creditor recoveries amid ongoing FTX bankruptcy proceedings. The FTX Recovery Trust has filed a complaint against Bitcoin mining company...

Cryptocurrencies, Front page, News

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Bitcoin Dips Below 3,000 as Sell-Off Intensifies Amid Market Volatility

Bitcoin Dips Below $113,000 as Sell-Off Intensifies Amid Market Volatility

Price Decline: Bitcoin breached $112,000, trading at around $112,600 after a 1.7% drop. Support Levels: Key floors at $112,000, $111,400, and $110,000 under scrutiny. Market Inflows: Crypto funds saw $1.9 billion in inflows last week despite the dip. Bitcoin (BTC) extended its reversal on September 23, 2025, dipping below $113,000 amid a broader market sell-off. The cryptocurrency traded at $112,600, down 1.7% over the past...

Bitcoin, Cryptocurrencies, Front page, News

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Bitcoin Dips to 2,000, Sparks  Billion in Liquidations as Crypto Market Faces Turbulence

Bitcoin Dips to $112,000, Sparks $1 Billion in Liquidations as Crypto Market Faces Turbulence

Bitcoin’s sharp decline to $112,000 on September 22, 2025, triggered $1 billion in liquidations of long positions, marking the largest liquidation event of the year, according to Cointelegraph. The sudden drop, following a peak at $124,400, caught leveraged traders off guard, with $1.01 billion liquidated in just one hour, predominantly from long positions. This volatility has heightened fears of further declines, with analysts pointing...

Bitcoin, Cryptocurrencies, Front page, News

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Bitcoin Surges Above 7K Following Fed's First 2025 Rate Cut

Bitcoin Surges Above $117K Following Fed’s First 2025 Rate Cut

The U.S. Federal Reserve cut its benchmark interest rate by 25 basis points to a range of 4.00%-4.25%, marking the first reduction of 2025. Bitcoin rallied to a peak of $117,900 before stabilizing around $117,400, reflecting increased investor optimism in risk assets. The broader crypto market saw gains, with BNB reaching an all-time high of $1,004, driven by the rate cut and regulatory developments. The U.S. Federal...

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SEC Approves Grayscale Digital Large Cap Fund, Ushering in Era of Multi-Asset Crypto ETPs

SEC Approves Grayscale Digital Large Cap Fund, Ushering in Era of Multi-Asset Crypto ETPs

Regulatory Milestone: SEC greenlights Grayscale Digital Large Cap Fund (GDLC) for NYSE Arca trading, tracking the CoinDesk 5 Index. Diversified Holdings: Provides institutional exposure to BTC, ETH, SOL, XRP, and ADA in a single ETP. Broader Implications: New generic listing standards ease approvals for future spot crypto ETFs, boosting market accessibility. The U.S. Securities and Exchange Commission (SEC) approved the...

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