Bitcoin holds above $103K as JPMorgan turns bullish, saying BTC could outperform gold. Can institutional flows drive BTC to $120K this year?
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Category: Cryptocurrencies
90% of Institutions Now Using or Exploring Stablecoins, Fireblocks Finds
A growing number of financial institutions are turning to stablecoins, with 90% either actively using or preparing to integrate them into their operations.
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Ending Sandwich Attacks on BNB Chain: Shutter Network Proposes Encrypted Mempool Solution
Open-source protocol Shutter Network has proposed implementing a threshold-encrypted mempool on BNB Chain to eliminate Maximal Extractable Value (MEV) activity, such as front-running and sandwich attacks, and add a layer of real-time censorship resistance.
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AUSTRAC Slaps Cointree with $48K Fine for Late SMRs – Who’s Next?
AUSTRAC has fined Melbourne-based crypto exchange Cointree A$75,120 for submitting suspicious matter reports late, saying the delay has hindered investigators tracing criminal funds. The case reflects Australia’s drive to shutter inactive exchanges and reinforce anti-money-laundering controls.
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FTX to Deliver Up to 120% Creditor Payout in May 30 Second Distribution Wave
FTX has announced that distributions under its Chapter 11 plan will resume on May 30 2025. Eligible creditors in several claim classes who have completed KYC, tax submissions and onboarding with BitGo or Kraken have been set to receive cash payouts of 54-120 % within three business days.
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Japan’s Remixpoint Buys Another $3.4M Worth of Bitcoin
The Tokyo Exchange-listed Japanese firm Remixpoint has used its balance sheet to buy another $3.4 million worth of Bitcoin (BTC).
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DOJ To Continue Legal Action Against Tornado Cash Developer Roman Storm
The DOJ will proceed with federal charges against Tornado Cash cofounder Roman Storm, while dropping charges related to operating an unlicensed money transmitting business.
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Brazilian Fintech Firm Méliuz Acquires Bitcoin Worth $28.4M
Méliuz has become the first Bitcoin treasury company in Brazil after shareholders approved the acquisition of $28.4 million Bitcoin.
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SEC Probes Coinbase Over Misrepresentation of User Data: Report
Coinbase is under SEC investigation for the accuracy of its reported 100m “verified users” figure, which was initially included in its 2021 public offering but omitted in 2023.
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House Democrats Warn of ‘Shocking’ Corruption, Demand Trump Crypto SARs by May 30
House Democrats have asked Treasury Secretary Scott Bessent to unseal suspicious activity reports dating from January 2023 that involve Trump-branded crypto tokens, World Liberty Financial, WinRed and America PAC, saying transparency is needed to assess influence-peddling and national-security concerns.
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