New York Sues Coinbase, Gemini Over Unlicensed Markets

New York’s attorney general has filed lawsuits against crypto exchange operators Coinbase Financial Markets and Gemini Titan for allegedly violating state gambling laws, according to court records cited by Reuters. Copies of the complaints show the state alleges both exchanges failed to obtain licenses from the New York State Gaming Commission to operate their markets,…

BTC Binance Inflows Drop As Coinbase Activity Rises

Bitcoin (BTC) mid-size wallet inflows to Binance fell to 3,000–4,000 BTC, marking a multi-year low in sell-side activity from this cohort. This coincides with Coinbase recording about 8,500 BTC in inflows from similar wallets on April 19, while other exchanges saw much smaller flows. Binance exchange Bitcoin inflows have also fallen to 2023 levels, but…

New York sues Coinbase, Gemini over prediction market offerings

New York sued Coinbase and Gemini on Tuesday, becoming the latest state to argue that prediction market contracts dealing with sports, entertainment and elections are violating state gambling laws. According to the lawsuits, Coinbase and Gemini’s prediction market offerings are really unlicensed gambling products, pointing to how the companies advertised their prediction markets and their…

Crypto Scam Targets Stranded Ships in Strait of Hormuz: Report

Fraudulent actors posing as Iranian authorities have reportedly sent messages to shipping companies whose vessels remain stranded west of the Strait of Hormuz, demanding payment in cryptocurrency for safe passage. On Monday, maritime risk company Marisks issued a warning saying unknown groups had contacted shipowners claiming to represent Iranian security services and requesting transit “fees”…

BTC Binance Inflows Drop As Coinbase Activity Rises

Bitcoin (BTC) mid-size wallet inflows to Binance fell to 3,000–4,000 BTC, marking a multi-year low in sell-side activity from this cohort. This coincides with Coinbase recording about 8,500 BTC in inflows from similar wallets on April 19, while other exchanges saw much smaller flows. Binance exchange Bitcoin inflows have also fallen to 2023 levels, but…

Bank of Korea Governor Supports CBDCs, Deposit Tokens in First Speech

The newly appointed governor of the Bank of Korea, Hyun-Song Shin, has voiced support for central bank digital currencies (CBDCs) and tokenized deposits in his first public address. Shin, who began his four-year term after an inauguration ceremony in Seoul on Tuesday, said the central bank will advance the second phase of “Project Hangang,” a…

Polish Parliament Stalls on Crypto Law, Local Firms Look Abroad

Poland’s parliament, the Sejm, has yet to pass a domestic enabling act for the EU’s regulations on cryptocurrencies.  The parliament has again failed to override a presidential veto on a key crypto regulation bill. President Karol Nawrocki defended his veto, citing concerns over excessive regulation that could harm small businesses. Opponents state that the lack…

VIX Dips 45% in Three Weeks: Can Bitcoin Break Above $80K Next?

The CBOE Volatility Index (VIX), a preferred Wall Street metric to measure investor sentiment and market risk, dropped by over 45% in under a month. For Bitcoin (BTC), this could be a significant bullish signal. VIX daily performance chart. Source: TradingView Key takeaways: Bitcoin may rise toward $82,700 if VIX keeps underperforming. BTC’s upside outlook…

XRP Price Reclaims Key Level: Is a Breakout to $2.24 Next?

Most XRP investors are back in profit, increasing the chance for a rally to $2.24, but bulls must first hold the price above $1.40. XRP’s (XRP) 28% rebound from its macro low at $1.12 pushed it above its realized price. In other words, the average XRP holder is no longer in the red. Is this…

VIX Dips 45% in Three Weeks: Can Bitcoin Break Above $80K Next?

The CBOE Volatility Index (VIX), a preferred Wall Street metric to measure investor sentiment and market risk, dropped by over 45% in under a month. For Bitcoin (BTC), this could be a significant bullish signal. VIX daily performance chart. Source: TradingView Key takeaways: Bitcoin may rise toward $82,700 if VIX keeps underperforming. BTC’s upside outlook…