Tuesday, October 13

Crypto

CFTC Seeks to Reverse Gemini Settlement

The US Commodity Futures Trading Commission has asked a federal court to vacate its $5 million settlement with crypto exchange Gemini, claiming that the agency’s enforcement action was based on flawed allegations.Gemini settled with the CFTC and paid a $5…

Crypto Markets Shed B Amid Fresh US Strikes on Iran

Cryptocurrency markets have shed around $80 billion in value over the past 24 hours, with losses accelerating after the US reportedly carried out a new wave of military strikes on Iran.The US ​military carried out new strikes late on Wednesday…

Google Software Engineer Faces Charges Over Polymarket Bets

US authorities have charged a Google employee with allegedly using information from the company to make bets on Polymarket and profit $1.2 million.The Justice Department said on Wednesday that it unsealed charges against Google software engineer Michele Spagnuolo, accusing him…

Ether Squeeze Risk Grows As Shorts Crowd Near K Support

Ether (ETH) remains under pressure after failing to reclaim the $2,150 resistance level. Despite the decline, ETH’s aggregate open interest has increased by roughly 350,000 ETH, suggesting new short positions are entering the market.With more than $1.5 billion in bearish…

Kraken Launches Bitcoin Yield Product

Crypto exchange Kraken has launched a non-custodial Bitcoin product, giving a 2.5% yearly yield, adding to the company’s yield product offerings amid a rising investor demand for crypto reward products.Kraken unveiled the product on Wednesday with the support of crypto…

Bitcoin Struggles To Hold K As Investors Pivot To Stocks, AI

Key takeaways:Bitcoin’s drop below $75,000 marks a sharp decoupling from a record-breaking stock market fueled by the AI boom.Crypto trader sentiment remains weak as key US regulatory acts face ongoing delays.Bitcoin’s (BTC) rejection at $78,000 on Thursday marked a decoupling…

Crypto-Linked Payment Card Volume Surges 230% Since May 2025

Monthly payment volume on crypto-linked debit and credit cards is up about 230% over last year, amid a proliferation of crypto-related payment products.Cumulative volume on crypto-linked payment cards reached $7.8 billion this month, according to The Kobeissi Letter, a market…

Bitcoin Miner Inflows Test BTC Demand Near K

Bitcoin (BTC) miner inflows to Binance crossed 20,000 BTC for only the second time this year, placing fresh pressure on Bitcoin’s daily uptrend near the $75,000 support zone. Will BTC defend its higher-timeframe bullish structure, or is the market on…

NAKA Down About 65% YTD and Over 99% From its All-Time High

Nakamoto (NAKA) is trading down more than 10% on Wednesday just days after the Bitcoin treasury company completed a 1-for-40 reverse stock split undertaken to stay compliant with the Nasdaq stock exchange’s listing criteria. NAKA stock is down by about 67%…

Bitcoin, Altcoins Selloff Amid Rising ETF Outflows

Key points:Bitcoin is under pressure as net outflows from the BTC ETFs highlight a shift in institutional investor sentiment.Most major altcoins look weak, suggesting the bears are in control.Bitcoin (BTC) fell below $75,000 on Wednesday, indicating that the bears are…

Mastercard Secures New York BitLicense for Crypto Operations

Mastercard’s US transaction services unit has received a BitLicense from the New York State Department of Financial Services (NYDFS), allowing the payments giant to conduct regulated digital asset business activity in the state.The company announced the license approval on Wednesday,…

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