Crypto exchange and custodian Gemini has confidentially filed for an initial public offering (IPO), Bloomberg reported, citing people familiar with the matter. The firm, founded by billionaire Cameron and Tyler Winklevoss, is working with Goldman Sachs and Citigroup, the report said, noting that no
Litecoin’s bullish momentum has cooled off, with the price sliding back to $97.8 after struggling to sustain its recent uptrend. The pullback comes amid increasing selling pressure, raising concerns about whether this is a temporary correction or the start of a deeper decline. While LTC previously s
Garantex, a Russian crypto exchange popular with ransomware gangs and darknet markets, has been taken down in an international law enforcement operation, according to a Friday announcement from the U.S. Department of Justice (DOJ).On Thursday, a coalition of law enforcement agencies from the U.S., G
Offchain Labs CEO Steven Goldfeder said the U.S. crypto reserves should be just Bitcoin for now, despite calls for other cryptocurrencies to be included, including by President Trump."Maybe this goes against what you think my allegiances were, but I actually would, as a first priority, think that th
The January 2024 theft of 283 million XRP (XRP) from Ripple co-founder Chris Larsen’s personal accounts has been linked to a password manager breach, according to a forfeiture complaint filed by US law enforcement revealed by crypto investigator ZachXBT.The investigator shared a screenshot of the fo
The United States Department of Justice, with coordinated help from Germany and Finland, seized several domains associated with the sanctioned Russian crypto exchange Garantex.Law enforcement agencies in the three countries managed "to disrupt and take down the online infrastructure used to operate
Ripple co-founder Chris Larsen's $150 million crypto theft in January 2024 has been linked to a LastPass security breach from 2022, according to on-chain security expert ZachXBT, citing a recent US law enforcement forfeiture complaint.The attack resulted in the theft of 213 million XRP tokens, value
Ripple co-founder Chris Larsen lost roughly $150 million worth of crypto because he stored his private keys with the password manager LastPass, according to internet sleuth ZachXBT.“A forfeiture complaint filed yesterday by U.S. law enforcement revealed the cause for the ~$150M (283M XRP) hack of Ri
Zoroo, the pseudonymous founder of the web3 mini-game Yescoin, has been reportedly taken into Shanghai police custody following a dispute with his business partner. "What began as a business agreement between partners has now escalated into a criminal case," Yescoin wrote in a Friday social media po
Cardano's ADA, XRP and Solana's SOL slid on Friday after a White House official backpedaled on President Trump's recent announcement that he would sign an executive order instructing the Presidential Working Group to move forward with the creation of strategic crypto reserve comprised of ADA, XRP, S
By Angus BerwickU.S. and European authorities shut down Garantex, a Russian cryptocurrency exchange that they said had processed almost $100 billion in transactions, a significant portion of which was for criminal and terrorist groups.Garantex had become a vital conduit for Russians to move money in
US President Donald Trump’s cryptocurrency project has generated at least $350 million in revenue from the launch of the Official Trump (TRUMP) memecoin, according to an analysis by the Financial Times.Entities involved in operating the TRUMP memecoin have earned at least $314 million from token sal
Sen. Elizabeth Warren (D.-Mass.), a staunch critic of the industry who previously pledged to build an "anti-crypto army," wrote a letter to President Trump's crypto czar David Sacks asking him to make public any financial disclosures he has filed with the government amid conflict of interest concern
Bitcoin analysts are signaling limited upside potential for the cryptocurrency following disappointment over US President Donald Trump’s Strategic Bitcoin Reserve plan, which did not involve direct government purchases of Bitcoin, contrary to some expectations.Trump’s executive order, signed on Marc
Court: S.D. Florida Case: 1:23-md-03076President Donald Trump will host key crypto executives, including Coinbase CEO Brian Armstrong and Robinhood CEO Vlad Tenev, to discuss regulatory plans and a U.S. strategic crypto reserve.Meanwhile, investors affected by the FTX collapse can now join a case
A former aide to Georgia's most powerful man has fled the country in the middle of his trial on charges of embezzling cryptocurrency worth more than $700 million which he says are politically motivated.Giorgi Bachiashvili denied defrauding Bidzina Ivanishvili, a billionaire former prime minister
Morning Bid U.S.What matters in U.S. and global markets todayBy , Editor-At-Large, Financial Industry and Financial MarketsIn my Friday newsletters, I'll now offer you an overview of the day's market-moving news, a quick glimpse into some top events to watch out for next week, and a list of some sto
Standard Chartered’s Geoff Kendrick has highlighted a potential strategy for funding the newly established U.S. Strategic Bitcoin Reserve (SBR) in a budget-neutral manner — selling a portion of the country’s vast gold reserves to buy bitcoin.“The next question is what could constitute budget-neutral
Solana has dropped by 7.50% in the last 24 hours to reach around $142 on March 7, mirroring losses across the cryptocurrency market.Top reasons driving the SOL prices lower today include:An underwhelming crypto executive order by US President Donald Trump.Negative funding rates.A descending channel
Bitcoin rebounded 4% on March 7 as markets shook off disappointment over the US Strategic Bitcoin Reserve.Data from Cointelegraph Markets Pro and TradingView showed recovering from local lows of $84,713 on Bitstamp.These came as US President Donald Trump signed a long-awaited executive order estab