Crypto CEO Sentenced to 20 Years in $200 Million Bitcoin Ponzi Case
A US federal court has handed down a 20 year prison sentence to the founder of Praetorian Group International after concluding that the company operated a large scale cryptocurrency Ponzi scheme that drew in more than $200 million from investors worldwide. Ramil Ventura Palafox, the chief executive behind the venture,
US Credit Union Regulator Lays Out Licensing Framework for Stablecoin Issuers
The US National Credit Union Administration has taken its first formal step toward regulating payment stablecoins within the credit union system, proposing a federal licensing pathway for stablecoin issuers that operate through credit union subsidiaries. The move follows the passage of the Guiding and Establishing National Innovation for US Stablecoins
ARK Invest Steps Up Crypto Stock Buying as Bitcoin Slips Below $66,000
Cathie Wood led ARK Invest added to its exposure to crypto-linked equities this week, taking advantage of a broader market dip that pushed Bitcoin briefly below the $66,000 mark. The firm increased its holdings in Robinhood, Bullish and Circle even as digital asset prices weakened and US spot Bitcoin ETFs
Crypto Scam Mastermind Sentenced to 20 Years in $73 Million Pig Butchering Case
A US federal court has handed down a 20 year prison sentence to Daren Li, the alleged architect of a massive cryptocurrency scam that defrauded investors of more than $73 million. The case is one of the most high profile convictions linked to the so called pig butchering fraud model,
Solana Treasury Firms Face Over $1.5 Billion in Unrealized Losses as Accumulation Freezes
Publicly listed companies that added Solana to their corporate treasuries during the 2025 crypto rally are now sitting on more than $1.5 billion in unrealized losses, according to acquisition disclosures and current market prices tracked by CoinGecko. While none of the firms have sold their holdings, equity markets have already
Strategy Buys $90 Million in Bitcoin as Prices Stay Below Its Cost Basis
Michael Saylor led Strategy has added another $90 million worth of Bitcoin, even as the cryptocurrency continued to trade below the company’s average purchase price. The latest acquisition highlights Strategy’s ongoing commitment to Bitcoin, while also reviving debate over its timing and cost strategy during market pullbacks. $90 Million Bitcoin
Bitcoin Miner Cango Sells $305 Million Worth of BTC to Reduce Debt and Push Into AI
Major Bitcoin Sale to Strengthen Balance Sheet Bitcoin mining firm Cango has sold 4,451 Bitcoin on the open market, raising approximately $305 million in net proceeds. The company said the sale was approved by its board after reviewing current market conditions and was aimed at cutting financial leverage while reinforcing
Bithumb Recovers Nearly All Excess Bitcoin After Promotional Error
South Korea based cryptocurrency exchange Bithumb has confirmed that it has successfully recovered almost all Bitcoin that was mistakenly credited to user accounts due to a promotional system error. The exchange said it acted swiftly to contain the situation, reclaiming the majority of the excess funds on the same day
Block May Cut Up to 10 Percent of Workforce as Part of Business Overhaul
Jack Dorsey led payments firm Block Inc. is preparing for a possible round of job cuts that could impact up to one tenth of its global workforce, as the company pushes ahead with a broader restructuring strategy aimed at improving efficiency and sharpening its product focus. Performance Reviews Trigger Possible
Pump.fun Strengthens Trading Stack With Vyper Acquisition
Pump.fun has taken another step toward becoming a full stack trading platform with the acquisition of crypto trading terminal Vyper. The deal brings analytics and execution tools directly into Pump.fun’s ecosystem as Vyper prepares to shut down its standalone product and migrate users to Pump.fun’s in house terminal. The move
