Author: James Wilson
Over $3b in leveraged Bitcoin and Ethereum longs sit just above key support levels, with Coinglass data showing a liquidation cascade risk in either direction. Summary Investors allege Gemini concealed a preplanned pivot to a Gemini 2.0 prediction-market model in its IPO filings. The suit follows a 77% stock plunge, mass layoffs, and withdrawals from key international markets after the IPO. Plaintiffs say these post-IPO shocks were foreseeable outcomes of a strategy Gemini chose not to disclose. Leveraged long positions across Bitcoin (BTC) and Ethereum (ETH) are sitting on a knife’s edge, with more than $3 billion in combined exposure…
DeFiance Capital CEO Arthur warns that Middle East tensions and possible action around Iran’s Kharg Island and the Strait of Hormuz could deepen supply shocks and rattle risk assets, including crypto. Summary Arthur says a quick “TACO” reversal in Trump’s Middle East policy is unlikely, with the U.S. and Israel instead set to keep tightening pressure on Iran. He highlights risks around a potential U.S. move to occupy or blockade Kharg Island to force the reopening of the Strait of Hormuz, through which about 20% of global oil flows. Arthur warns that further supply-chain damage and oil shocks could sap…
The FBI and Thai police froze about $580m in crypto and seized 8,000 phones in a joint strike on Southeast Asian pig butchering gangs targeting American victims. Summary U.S. federal agents and Thai police froze roughly $580 million in crypto and confiscated around 8,000 phones used by organized scam gangs targeting Americans. The operation hits Southeast Asian pig butchering networks that run factory-sized fraud compounds, often staffed by trafficking victims forced to run fake crypto investment scams. Authorities say the scale of the seizure shows both the industrial nature of crypto fraud and how advanced on-chain tracing is becoming for…
A tentative agreement on stablecoin yield may help restart progress on the CLARITY Act in Washington. Reports said White House officials and US lawmakers are working on terms that could address one of the main disputes that slowed the crypto market structure bill earlier this year. Summary A reported agreement in principle may help restart stalled progress on the CLARITY Act. Lawmakers are weighing limits on stablecoin yield to address bank deposit flight concerns carefully. Crypto industry review is still pending before any stablecoin yield compromise becomes final law. The talks center on whether stablecoin issuers should be allowed to…
XRP price fell back to $1.44 after failing at $1.60, as wallet growth rose but momentum stayed weak. Source link
Ethereum (ETH) traded at $2,100 at the time of writing, up almost 1% over 24 hours and 4% over the past seven days. The move comes as onchain data shows fresh accumulation by a long-term Ethereum holder, even as US spot Ether ETFs continue to record outflows. Summary Ethereum wallet thomasg.eth adds $19.5M in ETH while market remains 56% below ATH. US spot Ethereum ETFs show sustained outflows of $55.7M, $136.4M, and $42M over three days. Tom Lee suggests ETH might have already bottomed, citing correlations with historical market recoveries. Arkham Intelligence data shows that an early Ethereum wallet known…
The Hong Kong Police Cyber Crime Bureau has issued a warning after a 66-year-old retired man fell victim to three separate cryptocurrency scams. Summary A Hong Kong senior loses HK$6.6M in three separate cryptocurrency scams. Police warn against transferring money or crypto to strangers to avoid fraud. Fraudsters impersonating experts tricked the victim into losing all his savings. In total, the elderly victim lost HK$6.6 million after being misled by fraudsters posing as cryptocurrency experts, according to local reports. In September 2025, the victim received a WhatsApp message from a fraudster claiming to be a cryptocurrency investment expert. The scammer…
Ripple has issued a warning regarding the rise of scam accounts impersonating the company on Telegram. The company clarified that it does not have an official Telegram channel, urging users to stay vigilant against potential fraud. Summary Ripple confirms it has no official Telegram channel for support. Scammers use Ripple branding and CEO photos to deceive users. XRP Ledger grows, with over 7.7 million holders amid rising scams. RippleX, a division of Ripple, recently warned the public about an increase in impersonation accounts on social media platforms like Telegram. Fraudsters have been creating accounts pretending to be Ripple recruiters, customer…
The crypto market saw several important developments today, including a warning from Hong Kong authorities about cryptocurrency scams, a new filing from Grayscale for a crypto-based ETF, and progress on the CLARITY Act in the U.S. Here’s a quick overview of the major events. Summary Hong Kong senior lost HK$6.6M in three crypto scams involving fake experts. Grayscale files for HYPE ETF, offering exposure to Hyperliquid’s token. US lawmakers near agreement to regulate stablecoin yield to protect banks. Hong Kong police warn after senior man falls victim to scams Hong Kong’s Police Cyber Crime Bureau issued a warning today after…
The cryptocurrency market has experienced a slowdown in the past 24 hours, with Bitcoin’s price showing little movement. As of now, Bitcoin (BTC) trades within a narrow range, oscillating between $69,500 and $70,600. Summary Bitcoin stabilizes around $70K after volatility, with a minor correction from earlier highs. Altcoins show minimal price changes, with most trading within a narrow range. Market uncertainty persists amid rising geopolitical tensions, with Bitcoin driving altcoin performance. Meanwhile, this is after a week of high volatility and substantial liquidations in the derivatives market. The altcoin market also reflects a similar lack of significant price action, suggesting…