Author: WebDesk

PNC Bank has significantly increased its investment in spot Bitcoin exchange-traded funds (ETFs), according to recent SEC filings. The bank, which manages $325 billion in assets, now holds $67 million in Bitcoin ETFs. This marks a substantial rise from its $10 million exposure reported in the first quarter of 2024. Bitcoin ETFs Suffer From Outflows Despite Institutional Influx Despite this institutional growth, spot Bitcoin ETFs in the U.S. experienced net outflows on Feb. 6. Data from SoSoValue indicates that the 12 Bitcoin ETFs saw $140.3 million in withdrawals, reversing a two-day inflow streak that had totaled $407 million.   Fidelity’s…

On February 8, 2025, A U.S. federal judge ruled that Coinbase, a prominent crypto exchange, must face a lawsuit from customers accusing it of illegally selling unregistered securities.  Judge Paul Engelmayer of the U.S. District Court in Manhattan rejected Coinbase’s argument that it was not a “statutory seller” under federal securities laws. “Customers on Coinbase transact solely with Coinbasse itself,” the Judge stated, citing that the exchange qualifies as a seller of 79 tokens in question.  🚨 Major legal blow for Coinbase! A judge has ruled they must face a class action lawsuit over claims of illegally selling securities, including…

Follow Frank on X. El Salvador is still Bitcoin country, despite the fact that bitcoin is no longer legal tender in the country — at least from where I’m sitting.Let’s start with some background on the matter.On January 29, 2025, the Legislative Assembly in El Salvador voted to remove bitcoin’s status as legal tender.This means that businesses in the country no longer have to accept bitcoin (not that this rule was ever strictly enforced while bitcoin was classified as legal currency, as far as I know; however, I have been told that big businesses that operate in the country (e.g.,…

Alexey Pertsev, the developer of the Ethereum-based mixer Tornado Cash, has been granted supervised release after spending many months in a Dutch prison. This decision marks a pivotal moment in the ongoing discourse surrounding privacy tools in the crypto space. “It is not real freedom, but it is better than prison,” Pertsev said. “Today, a Dutch court suspended my pretrial detention under the condition of electronic monitoring.” Background: Tornado Cash, Alexey Pertsev, And The Controversies Originally introduced in December 2019, Tornado Cash is an open-source, non-custodial cryptocurrency mixer running on Ethereum and other compatible networks. It helps consumers to hide…

Bitcoin remained resilient during the latest market sell-off, while altcoins faced estimated liquidations of $8 billion to $10 billion, with funding rates turning deeply negative, a survey claims. A sharp spike in volatility shook the crypto market, erasing billions in open interest, with Bybit and Block Scholes reporting that Bitcoin (BTC) stayed steady while altcoins took the biggest hit. In a research report shared with crypto.news, Bybit stated that Bitcoin “outperformed relative to the wider crypto market,” adding that its perpetual swaps fared better as well. In contrast, the Ethereum (ETH) options market experienced a sharp spike in short-term volatility,…

There’s a buzz in the cryptocurrency market about a newcomer set to challenge the dominance of a famous meme-based coin. This ambitious project claims it can deliver astonishing returns, potentially reaching 50,000%. Investors are curious: is this the next big opportunity in digital assets, or just another fleeting trend? Alpha Meme Coin DOGEN Off to the Moon After Its Major Listing Event DOGEN, which has recently captured the interest of the crypto community with its bold narrative of the strongest meme coin for alpha males, was listed on February 4th. The listing comes at the perfect timing as the crypto…

After Donald Trump pardoned Silk Road founder Ross Ulbricht, calls from the crypto community for the release of the Tornado Cash co-founders surged, drawing significant attention. This momentum led to the release of Alex Pertsev, a developer of the cryptocurrency mixer Tornado Cash, from pretrial detention in the Netherlands. Facing money laundering charges, Pertsev has been released under electronic monitoring, enabling him to prepare his appeal.TORN Rallies As Regulator Releases Tornado Co-founder  Alex Pertsev, co-founder of the cryptocurrency mixing service Tornado Cash, has announced that a Dutch court has put a hold on his pretrial detention and allowed him to…

The crypto market is constantly evolving, and savvy investors are always looking for high-potential altcoins that offer exponential growth. If you’re looking to turn a small $300 investment into a luxury car by 2026, here are five hidden gems with massive upside potential. >>>JOIN FXGUYS HERE<<< 1. FXGuys (FXG) – The Top PropFi Project Revolutionizing Trading FXGuys is making waves in the best proprietary trading firms sector by offering a unique blend of Trade2Earn, staking, and a prop trading funding program. With Stage 2 presale at $0.04, FXGuys has already raised over $3.7 million, signalling strong investor confidence. Why FXGuys…

Join Our Telegram channel to stay up to date on breaking news coverage Large Ethereum (ETH) purchases occurred during a turbulent week for digital assets as the cryptocurrency market reacted to shifts in international trade policies. Ethereum’s value dropped to $2,150 on Monday, mirroring declines across the broader market. However, it quickly recovered within the same trading session. The recent acquisitions by BlackRock and Fidelity have strengthened investor confidence, with many viewing them as signals of an upcoming market rally. Optimism is growing among crypto enthusiasts, who anticipate a surge in altcoins. This outlook is fueled by broader industry developments…

Over the last month, the US Securities and Exchange Commission (SEC) has undergone a massive shift in its crypto policy. That is set to completely revamp its offerings in the United States. Indeed, one expert notes that a recent SEC acknowledgment has a Litecoin ETF inching closer to approach.That isn’t all, as the agency acknowledged two key filings. The first was related to Grayscale’s LTC ETF, while the other was a request for in-kind redemptions on BlackRock’s Bitcoin ETF. The development looks to mark a clear step toward the approval of both filings.Source: DecryptAlso Read: SEC Transfers Top Crypto Litigator…