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Bhutan has offloaded another $22 million in Bitcoin mined through its state-owned mining venture, with the sale coming amid crypto price declines and challenging mining conditions. Data from blockchain analytics platform Arkham shows that Bhutan moved 184 Bitcoin (BTC) worth $14 million from its national reserve on Wednesday, adding to another 100.8 Bitcoin transfer worth

Crypto project Payy, which operates a privacy-focused wallet alongside a crypto banking card, has launched an Ethereum layer-2 network designed to support private ERC-20 transfers. In an announcement via X on Wednesday, Payy said users can add the network as a custom chain in MetaMask and that ERC-20 transfers made on it are routed through

XRP sentiment on social media has remained relatively robust despite a crypto market slump that has seen Bitcoin fall close to $70,000. Santiment said in an X post on Wednesday that “XRP is seeing a more optimistic outlook among traders” on social media as Bitcoin (BTC) and Ethereum (ETH) have “turned extremely bearish” after a

The US Commodity Futures Trading Commission has withdrawn a Biden administration-era proposal that would have banned sports and political prediction markets, some of the most popular event contracts today. The recently confirmed CFTC chair, Mike Selig, said on Wednesday that the agency has withdrawn a 2024 notice of proposed rulemaking that sought to ban event

Startale Group and Japan’s financial conglomerate SBI Holdings have launched Strium, a layer-1 blockchain designed to support exchange-layer and settlement infrastructure for institutional trading of foreign exchange, tokenized equities and real-world assets (RWAs). The platform is designed as an exchange-layer network, according to an announcement shared with Cointelegraph. “Tokenization is an inevitable trend, and equities

Multicoin Capital co-founder Kyle Samani said he is stepping down as managing partner of the crypto investment firm after 10 years in the industry.  Samani called it a “bittersweet moment” in a post on Wednesday, adding, “I am excited to take some time off and explore new areas of technology,” which he later revealed would

Key takeaways: Heavy outflows from Bitcoin exchange-traded funds and massive liquidations show that the market is purging highly leveraged buyers. Bitcoin options metrics reveal that pro traders are hedging for further price drops amid a tech stock sell-off. Bitcoin (BTC) slid below $73,000 on Wednesday after briefly retesting the $79,500 level on Tuesday. This downturn

Chicago-based derivatives exchange CME Group is weighing the launch of its own digital token as it explores how tokenized assets could be used as collateral across financial markets, according to comments from CEO Terry Duffy. Speaking on a company earnings call, Duffy said CME is reviewing different forms of margin, including tokenized cash and a

Pavel Durov, co-founder of the Telegram messaging platform, sounded an alarm about the Spanish government’s plan to usher in online age verification and restrict social media platforms for individuals under the age of 16. The proposed law will lead to increased government-led censorship of online content, breaches of privacy through de-anonymizing users and mass-surveillance, Durov

Bitcoin’s (BTC) struggle to hold above $70,000 carried into Wednesday, raising concerns that a drop into the $60,000 range could be the next stop. The sell-off was accompanied by futures market liquidations, a $55 billion drop in BTC open interest (OI) over the past 30 days, and rising Bitcoin inflows to exchanges. The price weakness