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The Latest Breaking News on Crypto

Scott Bessent Says It's 'China Versus The World'—Then Why's Bitcoin Down To $111,000?

U.S. Treasury Secretary Bessent on Wednesday said that the recent stock market decline will not influence Washington's China policy, while Bitcoin (CRYPTO: BTC) languishes around $111,000 as traders hope for a potential October rebound.

Benzinga

Innovation Beverage Surges After Striking Merger Deal With Bitcoin Energy Player BlockFuel

Innovation Beverage Group Ltd (NASDAQ:IBG) shares are surging on Wednesday after it agreed to merge with BlockFuel Energy Inc., an oil and gas explorer and power generation company supporting Bitcoin (CRYPTO: BTC/USD) mining and high-performance data centers.

Benzinga

Gold Smashes Through $4,200 As Bitcoin Stuck At $112,000: What's Driving The Underperformance?

Gold as measured by the SPDR Gold Trust (NYSE:GLD) smashed through $4,200 per ounce on Wednesday after Fed Chair Jerome Powell hinted at fresh rate cuts, while Bitcoin (CRYPTO: BTC) continues to languish around $112,000.

Benzinga

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RexShares' REX-Osprey ETFs Help Bridge The Opportunity Gap For Prospective Crypto Investors

Without hesitation, one of the strongest performances in the global capital markets stems from the broader cryptocurrency space. At its recent peak, the sector saw its total market capitalization rise to $4.28 trillion. For context, that would make the blockchain economy the fourth largest in the world, trailing Germany at…

Benzinga

Sam Bankman-Fried Says 'Biden's Anti-Crypto SEC Came After Me' — But Did It Really?

Sam Bankman-Fried, the disgraced founder of FTX, reignited controversy by claiming his 2022 arrest was orchestrated by the Biden administration as retaliation for secretly donating millions to Republicans.

Benzinga

US Seizes Record $15 Billion in Bitcoin From Global 'Pig Butchering' Scheme Linked to Chen Zhi

US seizes $15 billion in bitcoin from Chen Zhi's global "pig butchering" crypto scam, the largest forfeiture in history.

International Business Times

DoJ seizes $15 billion in Bitcoin from Cambodian fraudster who ran 'pig butchering' scam using forced labor — accused could face 40 years in prison following department's biggest ever crypto confiscation

The DoJ has seized $15 billion in Bitcoin, thought to be proceeds from a 'pig butchering' scam run from forced-labor compounds in Cambodia.

Tom’s Hardware

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Coinbase Boosts Stake In Indian Crypto Exchange CoinDCX, Values Company At Nearly $2.5 Billion

Coinbase Global Inc. (NASDAQ:COIN) announced on Tuesday a fresh investment in Indian cryptocurrency exchange CoinDCX, setting the company's post-money valuation at $2.45 billion.

Benzinga

Elon Musk's Bitcoin Energy Thesis Cited By Cynthia Lummis To Back Strategic Reserve, While Pierre Farragu Hails It As BTC's Most 'Compelling' Argument

Sen. Cynthia Lummis (R-Wyo.) referenced Elon Musk's argument on Bitcoin’s (CRYPTO: BTC) energy model on Tuesday to build a case for a strategic reserve of the cryptocurrency

Benzinga

Bitcoin Tumbles As Trump Reignites China Trade Tensions; Ethereum, XRP, Dogecoin Fall: Analyst Says BTC 'Must' Reclaim This Level Or Drop Below $100K

The comeback rally was short-lived as President Donald Trump’s latest trade barb against China sent leading cryptocurrencies lower on Tuesday.

Benzinga

ETH Will Power Finance, Former TD Ameritrade CEO Says—Then Why Are Polymarket Traders Betting On A Drop To $3,400?

Ethereum (CRYPTO: ETH) trades within a tight consolidation range as former TD Ameritrade CEO Joe Moglia says the entire financial system will eventually run on Ethereum.

Benzinga

US Indicts Cambodian Tycoon Over $15bn Crypto Scam Empire

US authorities on Tuesday unsealed an indictment against Chen Zhi, a UK-Cambodian businessman accused of running forced labor camps in Cambodia where trafficked workers carried out cryptocurrency fraud schemes that netted billions of dollars.

International Business Times

Bitmine Immersion Technologies (BMNR) Stock Is Sliding Tuesday: What's Going On?

Shares of Bitmine Immersion Technologies Inc (AMEX:BMNR) are trading lower Tuesday afternoon, pulling back amid a battle between bullish accumulation and bearish scrutiny. The stock is at a focal point for crypto investors due to its aggressive strategy of amassing Ethereum (CRYPTO: ETH).

Benzinga

Solana's Chart Flashes Bullish Setup That XRP, ADA Don't Have—What's Going On?

Solana (CRYPTO: SOL) has rebounded from the $186 level, keeping its bullish structure intact and setting the stage for a potential breakout.

Benzinga

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Benzinga

Cathie Wood's 'DIET' ETF Tests Investor Appetite For Calmer Innovation

When ARK Invest introduced the ARK DIET Q4 Buffer ETF (BATS:ARKT) two weeks ago, it was sold as the sugar-coated variation of its innovation strategy, featuring the same fundamental flavors, but with a safety net. The question now is whether the diet is gaining traction or making investors hungry.

Benzinga

BlackRock's CEO Says Crypto Will Grow 'Rapidly' — Here's How

BlackRock Inc. (NYSE:BLK) reported strong third-quarter results on Tuesday, with CEO Larry Fink saying the cryptocurrency market will grow "rapidly" as the firm builds proprietary tokenization technology to move traditional assets on-chain.

Evening Standard

Chinese businessmen ‘built London property empire from huge romance and crypto scams’

Chen Zhi and Qiu Wei Ren have had assets frozen including 19 London properties after they were added to UK sanctions list

Benzinga

Bitfarms (BITF) Stock Is Trending Tuesday: What Investors Need To Know

Shares of Bitfarms Ltd (NASDAQ:BITF) are bouncing around and trending across social media platforms Tuesday morning. Here’s what investors need to know.

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Benzinga

Bitcoin, Ethereum ETFs Bleed $755 Million, But Technical Analysis Gives Bulls Hope

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs saw a combined outflow of $755 million, though technical indicators still show resilience, hinting the market may not be as weak as flows suggest.

Benzinga

'Asia's MicroStrategy' Metaplanet Down 70% Since June, Company Value Falls Below $3.4B Bitcoin Reserves

Metaplanet Inc. (OTCQX:MTPLF) shares fell to $3.45 on Tuesday, extending a months-long slide that has erased 70% of the company's value and pushed its market capitalization below the worth of its Bitcoin reserves.

Tom’s Hardware

Chinese victims of convicted 'Bitcoin Queen' may have trouble getting their $7.3 billion back from UK government — lawyers predict a lengthy cross-border ordeal for 130,000 investment scheme victims

"Bitcoin Queen" Qian Zhimin's $7.3 billion stash of cryptocurrency, amassed through the laundering of the stolen funds of 130,000 Chinese victims, has been seized by the UK police. But the victims back in China will face difficulties recovering the money.

Benzinga

Elon Musk Says Bitcoin Has Energy: 'You Can Issue Fake Fiat...But It Is Impossible To Fake Energy'

Elon Musk said Tuesday that Bitcoin (CRYPTO: BTC) is based on energy and, unlike fiat currencies, governments cannot fake it and issue their own.

The Independent UK

How Trump triggered the biggest crypto crash in history

Half a trillion dollars wiped from the market in the latest sell-off, with Trump’s own meme coin hitting a new all-time low

Benzinga

China Sanctions 5 US Subsidiaries Of South Korean Shipmaker Hanwha Ocean Amid Rising Trade Tensions

China has imposed sanctions on five U.S. subsidiaries of South Korean shipbuilder Hanwha Ocean, over their alleged involvement in a U.S. probe into China’s shipping industry.

Benzinga

Is Crypto Fueling Gold's Rise? Here's The 'Interesting Correlation' Tom Lee Noted

Wall Street strategist Tom Lee suggested a correlation on Monday between the rise in Tether’s (CRYPTO: USDT) supply and the steady rise in gold prices observed over the past three months.

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