James Wynn Loses $15.8 Million in Hours After Risking His Entire Wallet on a Bitcoin Short
TL;DR James Wynn lost $15.86 million in less than a day after closing a $1 billion short position on Bitcoin using 40x leverage. The trade...
Cryptocurrencies
Florida Proposes Eliminating Bitcoin Capital Gains Tax
TL;DR Florida is making a bold move by proposing groundbreaking legislation to eliminate the state capital gains tax on Bitcoin, XRP, and stocks. Although the...
Solana Responds to Hyperliquid’s Competition and Gears Up to Raise Its Technical Standards
TL;DR Anatoly Yakovenko welcomed Hyperliquid’s competition, hoping it pushes Solana to focus even more on product and real network usage. Solana avoids chasing speculative metrics...
Ripple Adds New Stablecoins to the XRP Ledger and Expands in Europe and Brazil
TL;DR EURØP and USDB join XRPL as regulated stablecoins for institutional payments, DeFi, and asset tokenization in Europe and Brazil. Braza Group expects USDB to...
Bitcoin Breaks Its ATH and Surpasses Amazon in Market Value
TL;DR Bitcoin hit a new record of $111,889 and surpassed Amazon in market value, coinciding with Bitcoin Pizza Day. BTC options open interest climbed to...
Michigan Drives New Laws to Regulate Cryptocurrency Use and Promote Investments
TL;DR Michigan will allow state pension funds to invest in cryptocurrencies through regulated ETFs that meet specific requirements. Mining operations can use energy from abandoned...
Malware Domains That Stole Crypto Taken Down
TL;DR U.S. authorities, in collaboration with Microsoft, Europol, and Japan, have dismantled five domains used to distribute the LummaC2 malware, specialized in stealing cryptocurrency and...
OnRe Launches Its ONe Token and Opens the Reinsurance Market to New Investors
TL;DR OnRe launched its ONe token and its first on-chain reinsurance pool, backed by Ethena Labs, Solana, and RockawayX. The project offers decentralized access to...
KindlyMD Approves Merger with Nakamoto Holdings and Bets on Bitcoin to Drive Its Growth
TL;DR KindlyMD shareholders approved the merger with Nakamoto Holdings, set to close in the third quarter of 2025. KindlyMD shares jumped over 9% after the...
Unicoin Under Fire – SEC Accuses Million-Dollar Fraud
TL;DR The U.S. Securities and Exchange Commission (SEC) has accused Unicoin of exaggerating its fundraising figures and falsely claiming real estate asset backing, stating it...