Crypto market crash hits Bitcoin and alts

The crypto market lost nearly $90.3 billion in value in a single hour on May 16, pushing Bitcoin to $77,678 and triggering mass liquidations across the board. Summary PPI inflation data came in 6% above forecast, killing rate-cut expectations and sending risk assets into a sharp sell-off. BlackRock’s IBIT shed $136 million as U.S. spot…

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Crypto Is Traceable: How the ‘Modern Pablo Escobar’ Case Proves Bitcoin Isn’t Anonymous

Sebastián Marset, the Uruguayan drug trafficker dubbed the ‘modern Pablo Escobar,’ was captured in Bolivia on March 13 and is now under U.S. custody, accused of laundering millions through crypto networks. The case has triggered a joint investigation between Bolivia’s Special Anti-Narcotics Force (FELCN) and the U.S. Drug Enforcement Administration, which met in Washington this…

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