sojal Khan
Open Trade
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$BTC U.S. Department of Justice Charges 12 in $263 Million Cryptocurrency Fraud Case
According to PANews, the U.S. Department of Justice has charged 12 individuals in connection with a $263 million cryptocurrency fraud network allegedly orchestrated by Malone Lam. The group is accused of employing tactics such as social engineering scams, database breaches, and physical theft of hardware wallets. Lam himself faces charges for a single fraud amounting to $230 million. Currently, 10 of the defendants have been apprehended, while two accomplices remain at large in Dubai.
According to PANews, the U.S. Department of Justice has charged 12 individuals in connection with a $263 million cryptocurrency fraud network allegedly orchestrated by Malone Lam. The group is accused of employing tactics such as social engineering scams, database breaches, and physical theft of hardware wallets. Lam himself faces charges for a single fraud amounting to $230 million. Currently, 10 of the defendants have been apprehended, while two accomplices remain at large in Dubai.
Bitdeer Technologies Reports Significant Revenue Decline Amid Strategic Shift
According to Cointelegraph, Bitdeer Technologies Group, a prominent Bitcoin mining company based in Singapore, has announced a substantial 41% decrease in revenue for the first quarter of 2025, totaling $70.1 million. This marks a significant drop from the previous year's figures, as the company reported an operating loss of $3.2 million, contrasting sharply with the $34.1 million profit recorded during the same period last year. Despite these challenges, Bitdeer achieved a net income exceeding $400 million, primarily attributed to gains from convertible notes and warrants issued to stablecoin issuer Tether in 2024.#BTC #AI
According to Cointelegraph, Bitdeer Technologies Group, a prominent Bitcoin mining company based in Singapore, has announced a substantial 41% decrease in revenue for the first quarter of 2025, totaling $70.1 million. This marks a significant drop from the previous year's figures, as the company reported an operating loss of $3.2 million, contrasting sharply with the $34.1 million profit recorded during the same period last year. Despite these challenges, Bitdeer achieved a net income exceeding $400 million, primarily attributed to gains from convertible notes and warrants issued to stablecoin issuer Tether in 2024.#BTC #AI
Stablecoins Pose Challenge to Traditional Forex Platforms Amid Legislative Developments
AI Summary
According to Cointelegraph, global foreign exchange and payments platforms are facing significant challenges from stablecoins, which have the potential to disrupt their established business models. Investor Kevin O’Leary highlighted this issue during his keynote address at Consensus 2025, emphasizing the impact of regulated stablecoins on legacy forex and payments platforms. These platforms often charge substantial fees for cross-border cash transfers, and the adoption of stablecoins as a cheaper and faster alternative could lead to a decline in their revenue.
O’Leary described the currency trading market as a multi-trillion dollar industry that is outdated and inefficient. He pointed out that the introduction of regulated stablecoins poses the biggest threat to the current monopoly or oligopoly within this market. Once approved, stablecoins could transform the foreign exchange market into a more efficient, transparent, and cost-effective system. The Toronto conference served as a platform for O’Leary to discuss the potential implications of stablecoin legislation, which U.S. lawmakers are actively working on.
#SEC #USDT #USDC
AI Summary
According to Cointelegraph, global foreign exchange and payments platforms are facing significant challenges from stablecoins, which have the potential to disrupt their established business models. Investor Kevin O’Leary highlighted this issue during his keynote address at Consensus 2025, emphasizing the impact of regulated stablecoins on legacy forex and payments platforms. These platforms often charge substantial fees for cross-border cash transfers, and the adoption of stablecoins as a cheaper and faster alternative could lead to a decline in their revenue.
O’Leary described the currency trading market as a multi-trillion dollar industry that is outdated and inefficient. He pointed out that the introduction of regulated stablecoins poses the biggest threat to the current monopoly or oligopoly within this market. Once approved, stablecoins could transform the foreign exchange market into a more efficient, transparent, and cost-effective system. The Toronto conference served as a platform for O’Leary to discuss the potential implications of stablecoin legislation, which U.S. lawmakers are actively working on.
#SEC #USDT #USDC
Soros Fund Invests Heavily in AST SpaceMobile and Nvidia
AI Summary
According to Odaily, a recent 13F report reveals that billionaire investor George Soros's investment fund has made significant investments in satellite manufacturer AST SpaceMobile Inc., a competitor to SpaceX, and technology giant Nvidia. At the same time, the fund has sold shares in Advanced Micro Devices (AMD) and other major tech companies. Additionally, the fund disclosed new investments in JPMorgan Chase and Bitcoin mining company Cipher Mining Inc.#BTC
AI Summary
According to Odaily, a recent 13F report reveals that billionaire investor George Soros's investment fund has made significant investments in satellite manufacturer AST SpaceMobile Inc., a competitor to SpaceX, and technology giant Nvidia. At the same time, the fund has sold shares in Advanced Micro Devices (AMD) and other major tech companies. Additionally, the fund disclosed new investments in JPMorgan Chase and Bitcoin mining company Cipher Mining Inc.#BTC
Significant Outflows from ARK and Grayscale Funds Observed
According to BlockBeats, recent monitoring by Farside Investors revealed substantial net outflows from major investment funds. ARK's ARKB fund experienced a net outflow of $132 million, while Grayscale's GBTC fund saw a net outflow of $39.1 million. These movements indicate significant investor activity and potential shifts in market sentiment.
According to BlockBeats, recent monitoring by Farside Investors revealed substantial net outflows from major investment funds. ARK's ARKB fund experienced a net outflow of $132 million, while Grayscale's GBTC fund saw a net outflow of $39.1 million. These movements indicate significant investor activity and potential shifts in market sentiment.
Mubadala Increases Holdings in BlackRock Bitcoin ETF Amid U.S.-UAE Crypto Policy Discussions
AI Summary
According to PANews, Abu Dhabi's sovereign wealth fund, Mubadala, has increased its holdings in BlackRock's spot Bitcoin ETF (IBIT) to 8.727 million shares, valued at $408.5 million. This marks a 6% growth in its position since the end of 2024. The investment coincides with high-level interactions between the United States and the United Arab Emirates regarding cryptocurrency policies. U.S. President Donald Trump's AI and crypto advisor, David Sacks, engaged in discussions with UAE officials on March 20, exploring opportunities for integrating digital currencies and artificial intelligence#BTC #EFT
AI Summary
According to PANews, Abu Dhabi's sovereign wealth fund, Mubadala, has increased its holdings in BlackRock's spot Bitcoin ETF (IBIT) to 8.727 million shares, valued at $408.5 million. This marks a 6% growth in its position since the end of 2024. The investment coincides with high-level interactions between the United States and the United Arab Emirates regarding cryptocurrency policies. U.S. President Donald Trump's AI and crypto advisor, David Sacks, engaged in discussions with UAE officials on March 20, exploring opportunities for integrating digital currencies and artificial intelligence#BTC #EFT
Significant Outflows from ARK and Grayscale Funds Observed
According to BlockBeats, recent monitoring by Farside Investors revealed substantial net outflows from major investment funds. ARK's ARKB fund experienced a net outflow of $132 million, while Grayscale's GBTC fund saw a net outflow of $39.1 million. These movements indicate significant investor activity and potential shifts in market sentiment.
According to BlockBeats, recent monitoring by Farside Investors revealed substantial net outflows from major investment funds. ARK's ARKB fund experienced a net outflow of $132 million, while Grayscale's GBTC fund saw a net outflow of $39.1 million. These movements indicate significant investor activity and potential shifts in market sentiment.
Significant Outflows from ARK and Grayscale Funds Observed
According to BlockBeats, recent monitoring by Farside Investors revealed substantial net outflows from major investment funds. ARK's ARKB fund experienced a net outflow of $132 million, while Grayscale's GBTC fund saw a net outflow of $39.1 million. These movements indicate significant investor activity and potential shifts in market sentiment.
According to BlockBeats, recent monitoring by Farside Investors revealed substantial net outflows from major investment funds. ARK's ARKB fund experienced a net outflow of $132 million, while Grayscale's GBTC fund saw a net outflow of $39.1 million. These movements indicate significant investor activity and potential shifts in market sentiment.
#BinancePizza Bitcoin Recognized as Top Asset by Russian Central Bank in April 2025
AI Summary
According to PANews, the Russian Central Bank has identified Bitcoin as the best-performing asset in the Russian financial market for April 2025, with a price increase of 11.2% during the month. The bank also highlighted Bitcoin's year-to-date performance, which leads with a return rate of 17.6%, surpassing stocks, bonds, and gold.
Despite experiencing an 18.6% short-term volatility decline from January to April 2025, Bitcoin has been recognized as the best-performing global investment product since 2022, with a cumulative return rate of 121.3%.
Over the past year, Bitcoin has been acknowledged by the Russian Central Bank as the most profitable investment product, achieving a return rate of 38%. Since 2022, Bitcoin's cumulative return rate has reached 121.3%, significantly outperforming traditional assets such as gold, stocks, and the S&P 500 index. This recognition comes amid an unprecedented surge in institutional interest in Bitcoin.#BTC
AI Summary
According to PANews, the Russian Central Bank has identified Bitcoin as the best-performing asset in the Russian financial market for April 2025, with a price increase of 11.2% during the month. The bank also highlighted Bitcoin's year-to-date performance, which leads with a return rate of 17.6%, surpassing stocks, bonds, and gold.
Despite experiencing an 18.6% short-term volatility decline from January to April 2025, Bitcoin has been recognized as the best-performing global investment product since 2022, with a cumulative return rate of 121.3%.
Over the past year, Bitcoin has been acknowledged by the Russian Central Bank as the most profitable investment product, achieving a return rate of 38%. Since 2022, Bitcoin's cumulative return rate has reached 121.3%, significantly outperforming traditional assets such as gold, stocks, and the S&P 500 index. This recognition comes amid an unprecedented surge in institutional interest in Bitcoin.#BTC
#CryptoRegulation U.S. Court Dismisses SEC and Ripple's Settlement Motion
AI Summary
According to PANews, U.S. District Court Judge Analisa Torres has dismissed a joint settlement motion filed by the SEC and Ripple. The motion sought to lift an injunction from an August 2024 ruling and to release $50 million from a $125 million civil penalty escrow to the SEC, with the remaining funds returned to Ripple. The judge ruled that the application did not comply with the procedural requirements outlined in Rule 60 of the Federal Rules of Civil Procedure. Ripple's Chief Legal Officer stated that they will resubmit a settlement application that adheres to the rules. Legal experts suggest that both parties need to provide detailed justifications for the settlement under Rule 60, including the SEC's rationale for dropping other charges. The complete process is expected to take an additional 3-5 weeks. The judge emphasized that the dismissal was solely due to procedural issues and did not involve a substantive review of the settlement content.#SEC #xrp
AI Summary
According to PANews, U.S. District Court Judge Analisa Torres has dismissed a joint settlement motion filed by the SEC and Ripple. The motion sought to lift an injunction from an August 2024 ruling and to release $50 million from a $125 million civil penalty escrow to the SEC, with the remaining funds returned to Ripple. The judge ruled that the application did not comply with the procedural requirements outlined in Rule 60 of the Federal Rules of Civil Procedure. Ripple's Chief Legal Officer stated that they will resubmit a settlement application that adheres to the rules. Legal experts suggest that both parties need to provide detailed justifications for the settlement under Rule 60, including the SEC's rationale for dropping other charges. The complete process is expected to take an additional 3-5 weeks. The judge emphasized that the dismissal was solely due to procedural issues and did not involve a substantive review of the settlement content.#SEC #xrp
Explore my portfolio mix. Follow to see how I invest!Nebraska Legislature Passes Bitcoin Mining Regulation Bill
AI Summary
According to BlockBeats, the Nebraska Legislature has unanimously passed a bill regulating Bitcoin miners. The LB 526 bill requires large-scale miners to cover infrastructure upgrade costs, report energy usage, and grants authorities the power to interrupt services. The bill was approved with a 49:0 vote.
AI Summary
According to BlockBeats, the Nebraska Legislature has unanimously passed a bill regulating Bitcoin miners. The LB 526 bill requires large-scale miners to cover infrastructure upgrade costs, report energy usage, and grants authorities the power to interrupt services. The bill was approved with a 49:0 vote.
$BTC Bipartisan Senators Near Consensus on GENIUS Act
AI Summary
According to BlockBeats, a bipartisan group of U.S. senators is nearing a consensus on the text of the GENIUS Act, although the content has not been finalized. The Senate is currently discussing the resumption of the bill's review process, aiming to complete the vote before the Memorial Day recess. However, progress depends on reaching a procedural agreement with the Democratic Party.
AI Summary
According to BlockBeats, a bipartisan group of U.S. senators is nearing a consensus on the text of the GENIUS Act, although the content has not been finalized. The Senate is currently discussing the resumption of the bill's review process, aiming to complete the vote before the Memorial Day recess. However, progress depends on reaching a procedural agreement with the Democratic Party.
#TrumpTariffs Potential Delay in U.S. Crypto Regulation Reform Warned by Legal Expert
AI Summary
According to BlockBeats, cryptocurrency advocate and attorney John E. Deaton has issued a warning that substantial crypto regulatory reform in the United States could be postponed until 2029 if Congress fails to pass the GENIUS stablecoin bill promptly. This perspective is supported by Messari founder Ryan Selkis.
AI Summary
According to BlockBeats, cryptocurrency advocate and attorney John E. Deaton has issued a warning that substantial crypto regulatory reform in the United States could be postponed until 2029 if Congress fails to pass the GENIUS stablecoin bill promptly. This perspective is supported by Messari founder Ryan Selkis.
$BTC Thailand to Launch Investment-Grade Cryptocurrency
AI Summary
According to BlockBeats, the Thai government plans to issue an investment-grade cryptocurrency to the public. Thai Finance Minister Pichai Chunhavajira announced that the cabinet has approved the issuance of 5 billion baht (approximately $150 million) worth of 'Digital Investment Tokens' (G-Token) within two months. These tokens are positioned as non-debt instruments and will serve as a financing channel for the current budget borrowing plan, with expected yields higher than bank savings products.
Earlier this year, former Thai Prime Minister Thaksin Shinawatra, father of current Prime Minister Paetongtarn Shinawatra, suggested issuing a stablecoin backed by government bonds. In January, Thailand also expressed consideration for approving a local listing of a Bitcoin Eft #EFT $BTC
AI Summary
According to BlockBeats, the Thai government plans to issue an investment-grade cryptocurrency to the public. Thai Finance Minister Pichai Chunhavajira announced that the cabinet has approved the issuance of 5 billion baht (approximately $150 million) worth of 'Digital Investment Tokens' (G-Token) within two months. These tokens are positioned as non-debt instruments and will serve as a financing channel for the current budget borrowing plan, with expected yields higher than bank savings products.
Earlier this year, former Thai Prime Minister Thaksin Shinawatra, father of current Prime Minister Paetongtarn Shinawatra, suggested issuing a stablecoin backed by government bonds. In January, Thailand also expressed consideration for approving a local listing of a Bitcoin Eft #EFT $BTC
#CryptoRoundTableRemarks SEC Delays Decision on BlackRock Bitcoin Trust Redemption Mechanism
AI Summary
According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on BlackRock's iShares Bitcoin Trust's physical redemption mechanism. The regulatory body is seeking public comments on the proposal. Currently, the cash redemption model requires custodians to sell Bitcoin before returning cash to investors. Analysts suggest that approval of the physical redemption could enhance the efficiency of ETF trading.
In addition, the proposals for Grayscale's Litecoin Trust and Solana Trust have been delayed, while the 21Shares Dogecoin ETF has entered the public comment phase#SEC #BTC
AI Summary
According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on BlackRock's iShares Bitcoin Trust's physical redemption mechanism. The regulatory body is seeking public comments on the proposal. Currently, the cash redemption model requires custodians to sell Bitcoin before returning cash to investors. Analysts suggest that approval of the physical redemption could enhance the efficiency of ETF trading.
In addition, the proposals for Grayscale's Litecoin Trust and Solana Trust have been delayed, while the 21Shares Dogecoin ETF has entered the public comment phase#SEC #BTC
#CryptoCPIWatch Bitcoin(BTC) Drops Below 104,000 USDT with a Narrowed 1.33% Increase in 24 Hours
On May 14, 2025, 00:14 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 104,000 USDT and is now trading at 103,968.257813 USDT, with a narrowed narrowed 1.33% increase in 24 hours.#BTC #USDT。
On May 14, 2025, 00:14 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 104,000 USDT and is now trading at 103,968.257813 USDT, with a narrowed narrowed 1.33% increase in 24 hours.#BTC #USDT。
#TradeWarEases Bitcoin Faces Resistance as Whale Profit-Taking Risk Increases
According to BlockBeats, data analysis platform Alphractal has highlighted concerns regarding Bitcoin's slowing upward momentum. The cryptocurrency is nearing a resistance level of $106,000, which could lead to increased risk of profit-taking by large holders, known as whales.
Joao Wedson, CEO of Alphractal, noted that Bitcoin is approaching the 'Alpha Price' range, a zone where long-term holders or whales might opt to realize profits. This situation raises the potential for a 'long squeeze,' where leveraged long positions could face liquidation if Bitcoin's price drops to $100,000.
The $100,000 price range is seen as a significant psychological barrier, and its testing could attract further market attention, potentially leading to another examination of this critical level.#BTC
According to BlockBeats, data analysis platform Alphractal has highlighted concerns regarding Bitcoin's slowing upward momentum. The cryptocurrency is nearing a resistance level of $106,000, which could lead to increased risk of profit-taking by large holders, known as whales.
Joao Wedson, CEO of Alphractal, noted that Bitcoin is approaching the 'Alpha Price' range, a zone where long-term holders or whales might opt to realize profits. This situation raises the potential for a 'long squeeze,' where leveraged long positions could face liquidation if Bitcoin's price drops to $100,000.
The $100,000 price range is seen as a significant psychological barrier, and its testing could attract further market attention, potentially leading to another examination of this critical level.#BTC
#ETHCrossed2500 Bitcoin(BTC) Surpasses 105,000 USDT with a 0.60% Increase in 24 Hours
On May 12, 2025, 01:08 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 105,000 USDT benchmark and is now trading at 105,004.117188 USDT, with a narrowed 0.60% increase in 24 hours.
On May 12, 2025, 01:08 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 105,000 USDT benchmark and is now trading at 105,004.117188 USDT, with a narrowed 0.60% increase in 24 hours.
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