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In brief Pseudonymous crypto influencer The White Whale had his $3 million MEXC account suspended in July, and has been on a social media crusade to get it back ever since. On Friday, MEXC apologized, returned his funds, and promised to make changes to stop it from happening again in the future. However, several other users have reported similar issues as the exchange’s withdrawals have noticeably spiked since mid-July. Centralized exchange MEXC has apologized for freezing the funds of a crypto whale for months, releasing his $3 million back to him and acknowledging that it handled the situation poorly.Pseudonymous trader…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cryptocurrency exchange MEXC saw increased activity on its platform on Friday, October 31st, with several users seemingly moving their assets away. These massive withdrawals coincided with the exchange’s chief strategy officer’s public apology for mishandling a situation with a user with the pseudonym The White Whale. Earlier in July, The White Whale claimed that MEXC froze over $3.1 million worth of his personal funds without any terms of service violations. The crypto user later launched a $2 million social media pressure campaign against the exchange, claiming that…
The Securities and Exchange Commission (SEC) issued an exemptive order on Oct. 31 that has nothing to do with Bitcoin or Ethereum but everything to do with how crypto exchanges will argue their cases over the next two years.The order delays compliance deadlines for Regulation NMS, the rulebook governing US equity trading, until February and November 2026.The announcement mentions a lapse in appropriations and the need to “facilitate orderly market functions” after a court denied a stay petition.Chairman Paul Atkins framed the relief as procedural housekeeping for traditional markets struggling with new tick-size rules, access-fee caps, and transparency mandates during…
In brief Bitcoin has typically performed well during October—dubbed “Uptober” by observers. But this year, the leading cryptocurrency finished the month in the red. Experts told Decrypt that a number of factors influenced the drawback. Despite a roaring start and fresh all-time high early on in October, the expected “Uptober” turned into a real downer for Bitcoin, with the leading cryptocurrency sinking to levels untouched for four months. Bitcoin’s price recently stood at $109,820 per coin, according to CoinGecko, about 13% below its October 6 record of $126,080. Over a 30-day period, the asset is down by more than 8%.October is…
Binance to List Kite on Launchpool Event Source link
Fold Holdings (NASDAQ: FLD), the bitcoin rewards company known for letting users earn sats on everyday purchases, has teamed up with iconic fast-food chain Steak ’n Shake for a limited-time promotion that lets customers earn $5 in bitcoin with their meal. Starting today, Steak ’n Shake diners who order a Bitcoin Meal or Bitcoin Steakburger at one of the 1,200+ participating Steak ’n Shake locations can visit bitcoinmealdeal.com, upload their receipt, and receive a code redeemable for $5 in bitcoin through the Fold app. Once the Fold app is downloaded and activated, the reward is instantly credited. The partnership marks…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Shiba Inu appears to be repeating a familiar market structure, according to a recent technical analysis shared by crypto trader IncomeSharks on X. The analyst highlighted how SHIB’s price history over the past two years reflects a cyclical pattern of short-lived rallies followed by prolonged downturns. At the time of writing, SHIB is trading around $0.00001007, showing little momentum to break free from its extended bearish grip. Is Shiba Inu’s Market Structure Looking Bearish? The analyst’s daily candlestick timeframe chart, which tracks Shiba Inu’s daily price action…
If you’ve ever bought a token only to find out its grand use case was “having a token,” congrats, you played the game just right. Wolf of All Streets’ Scott Melker sums it up best. After years wandering crypto’s high-stakes tables, he’s upgraded his stance from “99.9% of crypto is a casino” to “99.999999%. As for the rest of the industry? Well, it’s doubling down on his assessment, one Twitter thread at a time.Crypto is a casino with bull cycles and bear-ly believable dramaThe general mood in crypto circles is that this has been the worst bull cycle ever. This…
In brief Romania’s gambling regulator blacklisted Polymarket in the country. The regulator said it meets the definition of counterparty betting as users put up a stake, and a future event determines the outcome. Of particular concern was expanding volumes on Romanian elections, which have stretched into the millions of dollars. Leading prediction market Polymarket was placed on the blacklist of unauthorized websites by Romania’s National Office for Gambling (ONJN), the regulator announced on Thursday. The firm was banned due to carrying out gambling activities without a license in Romania. “The decision to include Polymarket on the blacklist is not related to technology,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bitcoin price struggles continued over the past week, reflecting the largely pessimistic sentiment in the digital asset market in the month of October. The premier cryptocurrency dropped beneath the psychological $110,000 level despite the interest rate cut decision by the United States Federal Reserve on Wednesday, October 29. The tame reaction of the Bitcoin price—and other large-cap assets—has raised concerns about the viability of the crypto market in the current cycle. Nevertheless, a prominent blockchain firm CEO has predicted that, although the bull cycle might be…