Author: admin

Concerns are mounting over unusual activity surrounding the token launch of Edel Finance, a lending protocol focused on tokenized stocks and real-world assets (RWAs).Blockchain analytics platform Bubblemaps claimed in a Tuesday X post that a cluster of about 160 wallets accumulated 30% of the EDEL token supply, worth $11 million, during the launch earlier this month. The platform alleged the wallets were linked and funded in a coordinated fashion immediately before trading opened.“Edel Finance sniped 30% of $EDEL. Then tried to hide it behind a maze of wallets and liquidity positions,” said Bubblemaps. “Just hours before $EDEL launched, ~60 wallets…

The Nov. 25 buys included $7.6 million in Circle and $1.5 million in Bullish, with both stocks down on the day as BTC trades around $87,500.

South Africa’s central bank has echoed a warning from Standard Chartered, confirming that the rapid rise of stablecoins could destabilize emerging-market (EM) banks.Standard Chartered projects that digital dollars could drain as much as $1 trillion from EM bank deposits over the next three years, as consumers and corporates shift savings toward stable, USD-pegged alternatives.Sponsored SponsoredStandard Chartered’s Alarm: Emerging-Market Banks at RiskIn a recent research note, Standard Chartered highlighted 48 countries along an opportunity–vulnerability continuum.As BeInCrypto reported, the bank’s Global Head of Digital Assets Research, Geoff Kendrick, identified Egypt, Pakistan, Bangladesh, and Sri Lanka as most exposed to deposit outflows. “As…

Strategy (formerly MicroStrategy) has confirmed that its assets-to-debt collateral ratio would remain at 2.0x, even if Bitcoin (BTC) fell to $25,000, far below its $74,000 average purchase price.This comes as the company’s stock has declined by 49% and faces the possibility of exclusion from MSCI indices, with a decision expected by January 2026.Sponsored (Micro) Strategy’s $16 Billion Liability Stack Backed 3.6x by BitcoinIn a recent X (formerly Twitter) post, the company emphasized the strength of its balance sheet by highlighting what it calls the “BTC Rating” of its convertible debt. “If BTC drops to our $74,000 average cost basis, we…

Bitcoin’s long-term design came under renewed scrutiny on Friday after VanEck CEO Jan van Eck questioned whether the network provides sufficient encryption and privacy during an appearance on CNBC’s “Power Lunch” with anchor Brian Sullivan.Van Eck said the issues drawing attention inside the Bitcoin community go beyond short-term market swings. “There’s something else going on within the Bitcoin community that non-crypto people need to know about,” he said. He added that VanEck evaluates Bitcoin’s staying power the same way it assesses traditional assets. “Ultimately, VanEck has been around before Bitcoin. We will walk away from Bitcoin if we think the…

On November 19, William “Bill” Hill, 67, co-founder of Bitcoin mixing service Samourai Wallet, was sentenced to four years in prison for operating an unlicensed money transmitting business that processed over $237 million in criminal proceeds, according to journalist Frank Corva.   Hill pleaded guilty in July in the Southern District of New York, admitting that the platform he co-founded was used to conceal illicit funds from activities including drug trafficking, darknet marketplaces, cyber intrusions, fraud, sanctioned jurisdictions, murder-for-hire schemes, and a child pornography website.  His co-founder, Keonne Rodriguez, received a five-year sentence. Prosecutors said Hill and Rodriguez actively promoted Samourai…

Solana is facing renewed bearish pressure as its price continues to slide, bringing the altcoin close to a critical support level that has not been tested in more than seven months. The ongoing decline reflects deepening market weakness, and technical indicators suggest that further losses may be ahead unless conditions shift quickly.Sponsored Solana Investors Are Facing Heavy LossesSolana’s exponential moving averages are signaling the potential formation of a Death Cross. This pattern occurs when the short-term EMA crosses below the long-term EMA, often indicating the start of a prolonged downtrend. Historical behavior suggests that Solana may be repeating earlier market cycles…

Bitmain Technologies Ltd., the Chinese manufacturer behind most of the world’s Bitcoin mining machines, has been the focus of a federal investigation assessing whether its products pose national security risks, according to Bloomberg reporting.  The inquiry, dubbed “Operation Red Sunset,” led by the Department of Homeland Security, reportedly examined whether the company’s machines could be remotely manipulated for espionage or sabotage of critical US infrastructure.  Bitmain denies these capabilities, but investigators have reportedly tested its equipment at ports and dissected chips and code to assess potential threats. The company’s hardware has long attracted scrutiny.  A 2017 Bitcoin Magazine report suggested…

Bloomberg Senior ETF Analyst Eric Balchunas has warned that Zcash may adversely impact Bitcoin at this crucial moment. In a recent post on X, Balchunas said Zcash (ZEC) has “third-party candidate vibes, like Gary Johnson or Jill Stein,” arguing that pushing a separate privacy coin risks “splitting the vote” when Bitcoin (BTC) needs unified political and cultural support. Balchunas’s comment comes as the Bitcoin vs Zcash debate intensifies. Arman Meguerian, founder and CEO of Timestamp, dismissed the idea that BTC supporters are pivoting to Zcash. “I don’t know a single Bitcoin maxi that thinks about Zcash at all,” he wrote…

In brief Public Citizen published new evidence showing Grok citing neo-Nazi and white-nationalist websites as credible sources. The group sent letters to the Office of Management and Budget, urging a suspension of federal use, and said it received no response. Advocates said Grok’s behavior and training data made it unfit for federal deployment as xAI expanded government contracts. Public Citizen, a nonprofit consumer advocacy organization, escalated its warnings about Elon Musk’s Grok AI on Friday after publishing new evidence showing the chatbot cited neo-Nazi and white-nationalist websites as credible sources.The group said the behavior should disqualify Grok from any federal…