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Bitcoin is starting to rebound after a rocky night that saw the top cryptocurrency by market cap dive below $75,000 for the first time in over a month, dipping as low as $74,344 in the early hours of Saturday.The coin is currently trading around $75,500, showing a 1.8% drop over the last 24 hours and 2.7% in the last week. Bitcoin had traded above the $80,000 mark as recently as last week before leading a broader crypto market dip in the days since.Other major cryptocurrencies are showing similar declines, with Ethereum falling 2.7% in the last day to a recent…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Over the past week, Bitcoin has traded sideways in the high $70,000 region, unable to reclaim the psychological $82,000 level that has eluded market bulls since mid-May. Notably, the $76,000 price level has now been tested three weeks in a row and held each time, emerging as a real support zone. However, an obscure on-chain metric may be flashing the clearest bottom signal in Bitcoin’s history. Key Bearish Signal Arises From Investor Cost Basis Data In an X post on May 22, CryptoChan shares data from an…
In brief Argentina’s Ministry of Human Capital launched the “Digital Twin” initiative designed to simulate the impact of social policies before they’re implemented. The promotional video triggered instant mockery for grammatical errors, an AI-generated avatar of Minister Sandra Pettovello, a Singaporean flag, and a visible Amazon AWS logo. Opposition politicians filed formal information requests, and privacy experts warned the system lacks a governance framework and could enable algorithmic surveillance at scale. Argentina’s Ministry of Human Capital has a bold claim: It can predict the future of social policy using artificial intelligence. President Javier Milei announced the “Gemelo Digital Social” initiative…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The price of Bitcoin has been under significant downward pressure over the past week, and the falling spot demand might be one of the factors behind the downturn, according to a CryptoQuant head of research. Bitcoin Apparent Demand Falls To -40K BTC In a May 22nd post on the X platform, CryptoQuant’s Head of Research, Julio Moreno, revealed that Bitcoin spot demand has been declining over the past few weeks. This on-chain observation comes as the premier cryptocurrency appears to be struggling under significant bearish pressure. The…
In brief GameStop is asking shareholders to approve its authorized share count to 2.5 billion shares, up from 1 billion currently authorized. The proposal is one of five that will be voted on at its annual shareholder meeting in July. The move would potentially give it more ammo as it seeks to acquire eBay, following an initial rejection. Publicly traded video game and collectibles retailer GameStop (GME) is seeking shareholder approval to boost its authorized share count to 2.5 billion shares from 1 billion, according to a Friday filing with the SEC—a move that could fuel its next moves in…
In brief Chun Wang, co-founder of F2Pool, one of the first Bitcoin mining pools, will command SpaceX’s first private crewed Mars mission. SpaceX has not announced a launch date; Starship has not yet reached orbit or carried astronauts to space. Before Mars, Wang will join a separate Starship flight around the moon. Elon Musk’s SpaceX has tapped Chun Wang, co-founder of F2Pool, one of the first Bitcoin mining pools in China, to command the first private crewed mission to Mars. The company gave no launch date.The announcement came during a livestream of the now scrubbed Starship V3 launch on Thursday,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korean lawmakers are expected to review their crypto tax plan after a petition to abolish the long-delayed framework surpassed the required signatories to be discussed in the National Assembly. Over 50,000 Koreans Sign Crypto Tax Petition As South Korean authorities prepare to implement the upcoming Income Tax Act, a petition to block the crypto taxation system has gained massive support from South Korean investors and some policymakers. The “Petition for the Abolition of Taxation on Virtual Assets” surpassed the signature requirement on May 21, just eight…
In brief Arturo Hernandez and Cornelius Shannon were charged in federal court in Brooklyn under the Take It Down Act. The 2025 law makes it a federal crime to publish non-consensual intimate imagery, including AI-generated deepfakes, and requires platforms to remove flagged content within 48 hours. Last month, James Strahler II of Ohio became the first person convicted under the law after pleading guilty to creating and distributing AI-generated pornographic images, including those of minors. Federal prosecutors charged two men this week with using AI to generate and distribute sexually explicit images of women without their consent, marking one of…
In brief Kalshi has unveiled Americans for Fair Markets (AFM), a “well-capitalized” advocacy group designed to lobby Capitol Hill. AFM has tapped Taylor Budowich, a prominent former White House communications staffer and pro-Trump Super PAC leader. The group’s debut comes immediately after House Oversight Committee Chair James Comer (R-KY) launched insider trading investigations. Kalshi unveiled an advocacy group on Friday to help shape policymakers’ perception of prediction markets, billing the move as a way to level the playing field against sportsbooks and casinos.Americans for Fair Markets (AFM) will actively combat “interests that are focused on protecting their monopolies and seeding…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is facing a critical test above $75,000 as selling pressure builds and the market searches for the structural support that would prevent the correction from extending further. The price is at a level that demands a response — and CryptoQuant analyst MorenoDV has identified a signal in the Bitcoin flow data that places the current moment in a historical context that spans nearly a decade of market cycles. The Bitcoin Fund Flow Ratio on Binance has returned to the 0.010 to 0.012 zone for the sixth…
In brief The SEC postponed its anticipated exemption for tokenized assets following concerns about third-party issuers, per Bloomberg. SEC staff has been discussing the proposed framework with stock exchange officials and market participants. Commissioner Hester Peirce defended the proposal’s limited scope, saying it would only cover digital representations of existing equities. The Securities and Exchange Commission has pulled back on plans to release a broad exemption allowing U.S. crypto firms to trade tokenized stocks and other tokenized assets, Bloomberg reported Friday. The move slows a high-profile effort to integrate blockchain into mainstream securities markets.The agency’s staff had been preparing to…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure SpaceX has announced its first crew member for an interplanetary mission to Mars, and it happens to be someone with roots to Bitcoin mining. F2Pool Co-Founder Joins First SpaceX Human Flight Mission To Mars According to a SpaceX website announcement, Chun Wang is set to fly aboard Starship’s first human spaceflight interplanetary mission to Mars. Wang was previously the commander of Fram2, the first mission that saw humans fly over the Earth’s poles. Before his SpaceX fame, Wang was known for being the co-founder of F2Pool, a…
In brief Based Apparel, linked to FBI Director Kash Patel, went dark after being flagged for pushing “ClickFix” wallet-draining malware. The infostealer targeted macOS users, tricking them into running terminal commands to steal session tokens and crypto. The incident marks the second time Patel has faced crypto-related shenanigans, following a previous data leak. An apparel store linked to FBI Director Kash Patel appeared to go offline on Friday after onlookers warned that Based Apparel’s website pushed wallet-draining malware.Until the website apparently went dark, macOS visitors were being prompted to install “ClickFix” malware by copying and pasting a command into their…