The Seoul court handed crypto asset manager prison sentence in the first case under the new Virtual Asset User Protection Act. A South Korean court has sentenced Jong-hwan Lee, CEO of a local crypto asset management firm, to three years in prison for manipulating cryptocurrency prices to secure illicit profits. The Seoul Southern District…
Bitwise advisor Jeff Park attributed the February 5 crypto selloff to multi-asset portfolio deleveraging rather than crypto-specific factors. Summary February 5 selling was driven by multi-asset fund deleveraging, not crypto-native fear. CME basis trades unwound violently as pod shops de-grossed across portfolios. Short gamma and structured product hedging amplified downside despite ETF inflows. IBIT recorded…
Vietnam’s Ministry of Finance has proposed a 0.1% personal income tax on crypto transactions conducted through licensed platforms, treating digital assets similarly to stocks, according to Hanoi Times. The tax applies to the total transaction value for both residents and non-residents, including foreign investors. The proposal is part of a five-year pilot program that began…
Trump-linked cryptocurrencies took a massive hit over the last 24 hours, reminding investors that political coins are just as volatile as the rest of the market. Official Trump Meme Coin (TRUMP) and World Liberty Financial (WLFI) plummeted 14.6% and 10.8% respectively, following news of a government probe into the project’s foreign dealings. As sentiment across…
High-risk and scam-adjacent projects have been found to dominate press release volume. A majority of press releases published across crypto news sites originate from high-risk or outright fraudulent projects. In a new report, crypto communications firm Chainstory analyzed 2,893 crypto press releases published between June 16 and November 1, 2025, and found that roughly…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Once, the word “crypto” might have made UAE executives nervous. Today, it sparks little, if any, fear. Summary Crypto went from taboo to toolkit: In the UAE, digital assets are no longer…
BTC surges 11% after one of its worst days since FTX, Strategy bounces 21% after earnings loss, XRP leads altcoin recovery. Bitcoin reclaimed the $70,000 level today after surging more than 11% by midday Friday, recovering from its steepest single-day drop since the FTX collapse. The leading crypto asset had plunged below $60,000 on Thursday…
Sen. Mark Warner says he feels stuck in “crypto hell” as the Senate tries to restart talks on a long-delayed crypto market structure bill. Bitcoin and Ethereum barely moved after the comments, which tells us traders already expect Washington gridlock. That matters because unclear rules keep hanging over US crypto users like a storm cloud….
Crypto firms offered concessions on stablecoins, including reserve-sharing with banks, to ease tensions blocking a major digital asset bill. The crypto industry has reportedly proposed sharing stablecoin reserves with community lenders as it steps up efforts to win over skeptical banks. The move aims to preserve the stalled crypto market structure bill that could…
U.S. markets edged lower Thursday as a sharp selloff in cryptocurrencies spilled into software and commodity names, with Bitcoin sliding 9% to around $66,000—its lowest level since October 2024. Summary 21-week EMA is weakening, signaling loss of bullish trend structure 200-week EMA is being tested, a critical long-term support level $60,000–$54,000 zone is key, with…
