Market News
Federal authorities have begun seizing cryptocurrency tied to Michael Pratt, founder of the now-defunct adult site GirlsDoPorn, following his arrest on multiple criminal charges including sex trafficking and conspiracy. According to a forfeiture notice from the FBI, the agency has already secured 0.61 BTC—worth about $51,500—from one of Pratt’s wallets. The broader seizure effort, authorized
NFT News
Rohun Vora, better known as “Frank DeGods,” announced on Monday that he is stepping down from his role leading the DeGods and y00ts NFT projects. The move ends a three-year run that saw the collections rise to prominence in Web3 culture. In a post on X, Vora said he’s passing leadership to @0x_chill and @pastagotsauce,
Market News
In a major step toward its goal of becoming a fully cashless economy, the Dubai government announced on Monday that it will begin accepting cryptocurrency for official payments. The initiative was unveiled during the Dubai Fintech Summit and stems from a new partnership between Dubai’s Department of Finance and global crypto exchange platform Crypto.com. The
Market News
New York City Mayor Eric Adams has reaffirmed his ambition to transform the city into the world’s leading hub for cryptocurrency and blockchain innovation. Speaking at a press event on Monday, Adams announced the city’s first official crypto summit—set for May 20—and emphasized the need for smart regulation and robust public-private collaboration. The summit follows
Market News
New SEC Chair Paul Atkins has unveiled a bold recalibration of the agency’s approach to digital asset regulation, promising a more structured and transparent framework for the crypto industry. Speaking at the SEC’s fourth Crypto Task Force Roundtable on Monday, Atkins declared an end to regulation through enforcement and pledged a rule-based path forward. “It
Market News
Institutional appetite for crypto assets continues to surge, with digital asset funds bringing in $882 million in net inflows last week, according to data from CoinShares. The capital injection—marking the fourth consecutive week of gains—was driven primarily by Bitcoin, which accounted for more than 90% of the inflows. Year-to-date, crypto funds have now attracted $6.7
Market News
El Salvador is forging ahead with its national Bitcoin strategy, adding another 7 BTC to its reserves last week—even as its $1.4 billion loan agreement with the International Monetary Fund (IMF) discourages such activity. The latest purchase brings the country’s total Bitcoin holdings to 6,173 BTC, valued at over $637 million. These figures, disclosed by
Market News
Bitcoin extended its gains over the weekend, holding steady near $104,000 late Sunday after reclaiming the psychologically significant $100,000 level for the first time in several months. The asset briefly touched $105,000 earlier in the day before pulling back slightly. As of press time, Bitcoin was trading at $103,862, showing minimal movement over the previous
Market News
Two 16-year-olds from Florida are facing adult charges for allegedly orchestrating a high-stakes crypto heist that ended with a Las Vegas businessman stranded in the Arizona desert. The teenagers each face 11 felony counts—including kidnapping, armed robbery, and crypto theft—following a dramatic incident that began after a blockchain networking event last November. According to prosecutors,
Market News
Bitcoin is holding firm above the $100,000 threshold as institutional investors continue to pour money into spot exchange-traded funds (ETFs). On May 7, net inflows across U.S.-based Bitcoin ETFs reached $142.3 million, highlighting the increasing appetite for regulated Bitcoin exposure among traditional asset managers and hedge funds. Leading the charge was the ARK 21Shares Bitcoin
Market News
Galaxy Digital is now one step closer to listing on the Nasdaq after receiving U.S. Securities and Exchange Commission (SEC) approval to redomicile its corporate base to Delaware. The crypto investment firm, currently listed in Toronto, expects to make its Nasdaq debut by mid-May, pending final shareholder and TSX approval. The shareholder vote, scheduled for
Market News
In a move that further signals the White House’s alignment with digital assets, Vice President JD Vance is set to headline the Bitcoin 2025 conference later this month in Las Vegas. Organizers confirmed on Friday that Vance will deliver the keynote address, making him the first sitting U.S. vice president to publicly endorse Bitcoin on
