NEWS
Bitcoin Is Pumping But Prediction Market Traders Aren’t Convinced
In brief Bitcoin traded at $71,556 on Thursday, up 3.26% on the day and inside a $68,858–$72,408 band, The move extends a Wednesday’s 8.7% rip.…
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U.S. CFTC chief puts staff on notice to create crypto regulations if Clarity Act fails
Commodity Futures Trading Commission Chairman Mike Selig told the inaugural gathering of the Innovation Advisory Committee that his agency won’t sit idle. Source link
NEWS
CFTC Chair Readies Crypto Rules If Congress Fails to Pass Clarity Act
In brief CFTC Chair Michael S. Selig directed staff to explore crypto market structure rules using the agency’s existing authority. Selig said he will direct…
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Alibaba’s Revenue Jumps 9% as AI Cloud Growth Hits 45%—But a Profit Plunge Sends Shares Lower
In brief Alibaba’s fiscal first-quarter revenue rose 9% year-over-year to 268.95 billion yuan ($40 billion), narrowly beating the 268.88 billion yuan analyst estimate, while net…
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XRP Notches Best Week Since 2024 Election Pump on Bitcoin Short Squeeze
In brief XRP gained 10.40% on Wednesday alone, its biggest daily jump since February 6, then extended the rally Thursday, up roughly 30% for the…
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US Debt Tops $40T as Analysts Weigh Impact on Bitcoin
As US federal debt tops $40 trillion for the first time, there is renewed debate over whether mounting government borrowing could strengthen Bitcoin’s case as…
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Iranian Hackers Tied to $6 Million Bitcoin Extortion Charged in Massive Cyber Campaign
In brief U.S. prosecutors charged 17 alleged members of Iran-based Mabna Institute in a years-long hacking campaign. Six defendants were allegedly involved in the HBO…
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Nearly 2,000 Hacked WordPress Sites Turned Into Criminal Infrastructure
In brief Check Point Research identified nearly 2,000 compromised WordPress sites used by the StopAndProtect malware operation. More than 6,000 unique IP addresses had been…
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Treasury buybacks could set up Bitcoin’s next move toward $180,000, says strategist
Longtime bond market investor Mark Connors sees routine government bond buybacks improving liquidity and bringing bitcoin’s next rally closer. Source link
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Bitcoin Miners Spend Billions on AI as Revenue Lags
Public Bitcoin miners are spending billions chasing artificial intelligence and high-performance computing revenue, though returns have yet to keep pace, underscoring the massive upfront investment…
