Bitcoin Holds Above $80K as Markets Scale Back Fed Rate Hike Bets

Bitcoin (BTC) traded near $82,000 around Friday’s Wall Street open as crypto markets stabilized alongside a rebound in South Korean stocks. Key points: Bitcoin price volatility eased as South Korean stocks rebounded 2% on Friday, offering relief after a steep sell-off. Federal Reserve Chair Kevin Warsh gave no indication of further interest-rate hikes during a…

Traders will soon have U.S. binary options on whether COIN, HOOD, MARA can hit their targets: Crypto Daily

While traders spent this week watching bitcoin BTC$81,952.67 gyrate above $80,000 amid key U.S. inflation data, a decision from the U.S. Securities and Exchange Commission got far less attention. The (SEC) approved the listing of binary options tied to key performance indicators (KPIs) of 23 U.S. publicly traded companies. The metrics include trading volume at…

OpenAI Model Spent Testnet ETH Without Authorization

An internal research model at OpenAI accessed a funded crypto wallet without authorization, using testnet Ether to deploy smart contracts on the Sepolia network and later omitting the spending from its final task summary.  OpenAI said the model, which was part of its GPT-5.6 Sol family, was given the task of updating a crypto trading…

Judge Rejects CFTC, Gemini Bid to Undo $5M Settlement

A US federal judge has rejected a joint request by crypto exchange Gemini and the Commodity Futures Trading Commission (CFTC) to overturn a $5 million settlement, despite the regulator’s conclusion that it would not have pursued the case under current enforcement standards. On Thursday, US District Judge Alvin Hellerstein ruled that changes in CFTC enforcement…

Bitcoin’s 20-Month Moving Average Stands Between Bulls And All-Time Highs

Bitcoin is attempting to break through an “inflection frontier” that has historically triggered runs to new macro highs. Key points: Bitcoin (BTC) may continue to new all-time highs if it successfully breaks through its 20-month moving average at $87,165, CryptoQuant reported. The market cycle signals metric showed BTC/USD poised to reclaim this “inflection frontier,” which…

Balaji’s Farcaster Takeover Sparks Backlash Over Bans

Balaji Srinivasan’s Network School has begun its reign over the decentralized social platform Farcaster. Its first order of business? An apparent wave of bans that has prompted backlash from members of the decentralized social network.  Network School on Thursday announced it has acquired Farcaster from Neynar, rebranding it as the Network State Protocol. The same…

Australia Draft Bill to Adopt OECD Crypto Tax Reporting Framework

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy. Source link

Crypto for Advisors: Wall Street is done waiting on Congress for crypto rules

That question ran through a Crain’s New York Business event last week, whether the topic was tokenization, compliance or cybersecurity. The people closest to the work aren’t waiting for Congress. They’re building for the world as it is. Adam Schumann, vice president of legal at OKX, laid out the legal problem. U.S. firms answer to…

Scammer Loses $4.8M Stored On Tampered Ledgers: Asia Express

Major irony alert as scammer falls victim to Ledger supply chain attack Ledger was forced to suspend its reseller network across South East Asia this week, after thieves stole more than $103.4 million from 530 addresses via tampered Ledgers inserted into the supply chain. But in a small measure of poetic justice, one of the…

White House Crypto Adviser’s Company Financially Benefitted from GENIUS Act: WSJ

Bo Hines, previously a crypto adviser to US President Donald Trump who later joined stablecoin issuer Tether, reportedly kept a stake in a company that profited from the passage of a stablecoin bill when he was still at the White House. According to a Wednesday report from The Wall Street Journal, Hines had a one-third…