Patrick holds a graduate degree in Life Sciences and discovered Bitcoin and crypto in 2018. With a strong analytical background, he has worked with and advised multiple projects in DeFi and real-world NFT applications. Passionate about blockchain innovation, he provides valuable perspectives on decentralized finance and asset tokenization, shedding light on emerging opportunities in the space.
Market News
The ten-day streak of uninterrupted inflows into U.S. spot Bitcoin exchange-traded funds came to an abrupt halt on Friday, as investor momentum cooled and market sentiment wavered ahead of the quarter’s end. Data from SoSoValue shows that Fidelity’s FBTC fund posted a net outflow of $93 million, marking the end of what had been the
Market News
The cryptocurrency market is experiencing a significant downturn, with daily trading volumes dropping from a post-election peak of $126 billion to approximately $35 billion, marking a 70% decline. This retraction brings trading activity back to levels observed before the U.S. presidential election in November 2024. In the immediate aftermath of President Donald Trump’s election victory
Market News
After nearly 28 months of legal gridlock and high-stakes financial sorting, FTX is preparing to initiate major creditor repayments on May 30, a landmark moment in one of crypto’s most notorious bankruptcies. The exchange, now under the leadership of restructuring specialist John J. Ray III, has confirmed it will begin distributing funds from its $11.4
Market News
Kalshi has taken legal action against both the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement, arguing that recent enforcement actions against its operations are unlawful under federal preemption principles. The lawsuits reported by Bloomberg follow cease-and-desist orders from both state regulators, which accused Kalshi of offering unauthorized sports betting contracts
Market News
Robinhood and Kalshi have been ordered to immediately suspend their sports-related prediction offerings in New Jersey, following a formal cease-and-desist letter from the New Jersey Division of Gaming Enforcement (NJDGE). The directive, issued Thursday and reviewed by Decrypt, alleges that the companies have violated state gambling laws by enabling unlicensed sports wagering under the guise
Market News
Haliey Welch, the internet personality behind the viral “Hawk Tuah” phenomenon, is no longer under scrutiny by the U.S. Securities and Exchange Commission (SEC) following the collapse of her Solana-based meme coin, $HAWK. Welch confirmed on Friday that the investigation had been formally closed without any charges or financial penalties. “For the past few months,
Market News
The crypto market’s brief midweek optimism was swiftly erased Friday as a sharp sell-off swept through major digital assets, pushing Bitcoin (BTC) below $84,000 and dragging altcoins into double-digit losses. After hovering near $88,000 on Thursday, Bitcoin dropped to $83,800, reflecting a 3.8% intraday decline. The broader market followed suit, with the Broader Crypto Market
Market News
President Donald Trump has officially pardoned Arthur Hayes, Benjamin Delo, and Samuel Reed—the three co-founders of embattled crypto derivatives exchange BitMEX. The pardons were confirmed by a White House official on Friday and were reportedly signed a day earlier. The trio had faced federal charges stemming from a 2020 investigation led by the U.S. Department
Market News
Galaxy Digital, the digital asset firm founded by Mike Novogratz, has agreed to pay $200 million to settle allegations brought by the New York Attorney General’s Office over its role in the promotion of the now-defunct Terra-LUNA ecosystem. The agreement stems from Galaxy’s involvement in the events leading up to the 2022 collapse, which erased
Market News
In a sweeping policy shift under the Trump administration, the Federal Deposit Insurance Corporation (FDIC) on Friday rescinded its prior guidance that required banks to obtain clearance before engaging in cryptocurrency-related activities. The move marks a definitive break from the agency’s more cautious stance over the past three years. In a public statement, Acting FDIC
Market News
Dominari Holdings (DOMH), a publicly listed wealth management and investment firm based in Trump Tower, New York, has initiated a corporate Bitcoin reserve strategy, becoming one of the latest traditional finance companies to formally enter the crypto investment arena. The move, disclosed in its latest Q4 earnings report, includes a $2 million allocation toward shares
Market News
Brianna “Bri” Stern, a crypto influencer and creator of the Solana-based meme coin SISTER, has filed a civil lawsuit in Los Angeles County against controversial media personality Andrew Tate. The complaint, which has not yet been made publicly available in court records, accuses Tate of sexual assault, battery, and gender violence stemming from an incident
