cryptocurrencies15.72 min read
Trump Family Profits Billions From Crypto While Retail Investors Lose Billions, Reuters Says
1 month ago•Source: Gizmodo
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6.45 min•1 month ago
US greenlights bitcoin perpetual futures as Hyperliquid expands offshore
The US Commodity Futures Trading Commission approved listing of a bitcoin perpetual futures contract on registered exchanges—the first of its kind in the US—with other assets to be reviewed case by case. The move follows Hyperliquid’s rapid offshore growth, notably in oil-linked contracts spurred by the Iran war, and signals regulators’ closer scrutiny of 24/7, high‑leverage trading. It could prompt regulated rivals like Kalshi, Coinbase, and ICE to offer similar products, while concerns about leverage, price manipulation, and access for US traders persist.
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UAE Investment in Trump-Linked Crypto Venture Triggers Corruption Claims
A UAE-linked investment firm tied to Sheikh Tahnoon bin Zayed Al Nahyan agreed to invest $500 million for a 49% stake in Trump-affiliated World Liberty Financial, with $187 million already paid, just days before last year's presidential inauguration, prompting Democrats to call the deal ‘mind-blowing corruption’ and raising national-security concerns over UAE access to Nvidia AI chips; the piece links this to prior crypto deals and ongoing regulatory debates around crypto in the Trump era.
Bitcoin-Dollar Synergy Takes Center Stage as Warsh Named Fed Chair
President Trump’s pick to lead the Fed, Kevin Warsh, has crypto markets weighing a bitcoin–dollar dynamic: he’s praised bitcoin as “gold for anyone under 40” while also signaling a hawkish policy stance and maintaining ties to stablecoins and early bitcoin ETFs. The nomination sparked a price dip in bitcoin, but Warsh’s comments suggest crypto could inform policy and fit into broader discussions about stablecoins and CBDCs, all set against a backdrop of rising debt and questions about monetary dominance. It’s early to discern his exact policy path until he resumes duties at the Fed.
Ex-NYC Mayor Adams Faces Pump-and-Dump Allegations Over NYC Token
Former New York City Mayor Eric Adams promoted a Solana-based NYC Token intended to fund a non-profit and fight antisemitism; the token saw a rapid price rise and liquidation of about $2.5 million to USDC within an hour, leading to accusations of a pump-and-dump/rug pull, a pattern seen with celebrity-endorsed meme coins; Adams had previously backed crypto projects like NYC Coin during his tenure.
Bitcoin Dips Below $40K Amid Post-ETF Correction
Bitcoin and other cryptocurrencies are experiencing a decline following the launch of the first spot Bitcoin exchange-traded funds, indicating a "sell the news" trend in response to regulatory approval. Analysts are watching a key level for a potential "more intense correction" in the market.
Bitcoin ETFs Gain Momentum: What the Volume and SEC Approval Mean for the Crypto Market
Bitcoin was on the rise while other cryptocurrencies traded mixed, with exchange-traded funds tied to spot trading of Bitcoin showing strong trading volumes but not significantly impacting the digital token's price, providing some optimism for the crypto market.
Bitcoin ETF Trading Trends and Predictions
Bitcoin and other cryptocurrencies experienced volatility as trading continued following the approval of the first spot Bitcoin exchange-traded funds by the Securities and Exchange Commission. The market remains uncertain about the future direction of prices.
"Bitcoin Price Volatility Amid SEC Account Compromise and ETF Speculation"
Cryptocurrencies experienced volatile trading as traders awaited the SEC's decision on spot Bitcoin exchange-traded funds, with anticipation heightened after the agency's social media account was hacked and falsely announced ETF approval.
"SEC's Bitcoin ETF Drama: Price Whipsaws and Account Compromise"
Cryptocurrencies experienced volatile trading as traders awaited the SEC's decision on approving spot Bitcoin exchange-traded funds, with anticipation heightened after the agency's social media account was hacked and falsely announced ETF approval.
"SEC Denies Bitcoin ETF Approval, Sparks Market Volatility"
The Securities and Exchange Commission announced that its X account was compromised, contradicting an earlier post claiming approval of the first Bitcoin exchange-traded funds. The SEC is currently investigating the hack and has not approved any Bitcoin ETFs.
"Crypto ETF Fever Fuels Bitcoin's Continued Rise"
Bitcoin and other cryptocurrencies surged as traders eagerly awaited the potential approval of the first spot Bitcoin exchange-traded fund by U.S. regulators, a development that could significantly elevate the crypto market.