UK Proposes Limited Retail Fund Exposure to Crypto

The UK’s Financial Conduct Authority has proposed allowing some authorized investment funds to hold up to a 10% allocation of crypto exchange-traded notes, closing a regulatory gap between retail investors and funds. The FCA floated the idea in a quarterly consultation paper on Friday, which would allow retail-focused funds called undertakings for collective investment in…

A forehead tattoo typo became a $600,000 crypto token, revealing the dark side of memecoin craze

Memecoin issuance platform Pump.fun’s new bounty product has produced its first controversy. A user posting as Arivu on X said he completed a Pump.fun GO bounty last week that asked someone to tattoo the ticker “$boutywork” on their forehead and provide video proof. The task appeared to reference a token called $Bountywork, but the bounty…

Bitcoin Takes Pressure Off $60,000 as Bear Market Roadmap Continues

Bitcoin (BTC) approached intraday highs ahead of Monday’s Wall Street open, with $60,000 holding as key support. Key points: Bitcoin avoids another retest of $60,000 as Wall Street returns, but bear-market standards call for lower. A rebound to $64,000 is being watched for signs that worse is yet to come. Macro headwinds multiply as the…

Bitmine’s Ether Holdings Reach 5.54M ETH After Latest Purchase

Bitmine Immersion Technologies increased its Ether holdings to 5.54 million ETH after acquiring nearly 127,000 tokens over the past week, bringing its treasury to 4.59% of Ethereum’s total supply. The company said it has now reached 92% of its stated goal of acquiring 5% of Ethereum’s total supply, a strategy it calls the “Alchemy of…

Bitcoin Holder Accumulation Surged As Metrics Fell To Record Lows

Bitcoin’s (BTC) lowest-ever readings on the daily and two-week relative strength index (RSI) are coinciding with steady accumulation across several investor cohorts, strengthening what one analyst called the “best thesis” for buying BTC.  Onchain data shows wallets holding 1,000–10,000 BTC added more than 53,000 BTC over the past 60 days, while smaller retail investors also…

Zcash Proposes Ironwood Pool After Orchard Bug

Zcash developers are proposing a new shielded pool called Ironwood after a recently patched bug raised concerns about whether counterfeit ZEC could have entered circulation unnoticed. The Zcash Open Development Lab (ZODL) said Saturday that it is working with Tachyon, Valar Group, the Zcash Foundation and Shielded Labs on the proposed network upgrade, which would…

Citrini, the research firm that caused AI stocks meltdown lays out Hyperliquid as new ‘compelling’ idea

Citrini Research, the firm that sparked massive fear of an artificial intelligence bubble in February and triggered a brief market meltdown, has listed crypto exchange Hyperliquid and its token as a new “compelling” idea. The research firm said in its report on Monday that “unlike the memetic majority of crypto (bitcoin included), HYPE generates legitimate…

South Korea Police Reportedly Raid Bithumb in Lawmaker Hiring Influence Probe

South Korean police have reportedly raided Bithumb as part of an investigation into alleged nepotism involving independent lawmaker Kim Byung-gi. Kim allegedly attempted to influence employment opportunities for his son at multiple crypto firms, including Bithumb and Dunamu, the operator of rival exchange Upbit, according to a Monday report by News1. Kim’s son joined Bithumb…

Bitcoin Price May Hit $90K as FTX-Era Bullish BTC Signal Flashes Again

Bitcoin (BTC) is showing a rare divergence between its falling prices and rising momentum, a setup that last appeared around the FTX-era market bottom. Key takeaways: Bitcoin’s second weekly bullish divergence on record is hinting at a rally toward $90,000. The cryptocurrency is also holding near its 200-week SMA, a level that has historically acted…

Yuga Labs Developers Rescue 68 NFTs From Flooring Exploit

Yuga Labs-affiliated developers rescued 68 non-fungible tokens from Flooring Protocol after an exploit put NFTs from collections including Bored Apes and CryptoPunks at risk. Yuga Labs CEO Michael Figge said Monday that the recovered NFTs are now in the company’s custody and will be returned once a solution is finalized. Yuga’s pseudonymous vice president of…