Author: James Wilson

Spot Bitcoin exchange-traded funds in the U.S. shifted to net outflows on Feb. 18 as Bitcoin briefly dipped under $95,000, driven by declining odds of Trump approving a Strategic Bitcoin Reserve in the U.S. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded a net outflow of $60.63 million on Friday, a reversal from the $66.19 million in net inflows recorded the previous trading day. The majority of outflows came from Bitwise’s BITB, which saw $112.65 million exit the fund, followed by Fidelity’s FBTC, which logged $16.42 million in outflows. BlackRock’s IBIT managed to offset part of these…

Wintermute CEO Evgeny Gaevoy says the company wants to focus on expanding its services into the U.S., starting with an office in New York. According to a recent Bloomberg report, the algorithmic trading firm and market-maker Wintermute has set its sights on the U.S. market. The firm’s main office is in London and it recently opened its Singapore office in December 2024, it now aims to open up an office in New York. At the the Consensus crypto conference in Hong Kong, Wintermute Chief Executive Officer, Evgeny Gaevoy, said the company plans to extend its reach with a “new added…

A Coinbase shareholder has taken the exchange to court, alleging it misled investors about bankruptcy risks and engaged in risky trading practices. According to the Feb. 18 lawsuit filed in a New Jersey federal court, plaintiff Wenduo Guo claims Coinbase failed to disclose that customer assets could be considered part of its bankruptcy estate, potentially leaving retail users as unsecured creditors. The plaintiff argues that while Coinbase positioned itself as a trusted custodian, it downplayed critical risks associated with digital asset custody. The suit pointed to the collapse of more than 75 crypto exchanges before Coinbase went public in 2021,…

While Binance sees a “fresh reset” in the U.S., it is waiting for more clarity before making any decisions on its next steps there, the exchange’s CEO says. Binance is taking its time with the U.S. market, with CEO Richard Teng saying the company is waiting for more clarity before making any big moves, even though the space has become more crypto-friendly under President Donald Trump. In an interview with Bloomberg, Binance chief executive Richard Teng said that he sees things differently from a regulatory angle, pointing out the shift from the more hawkish stance under the Biden administration. During…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana’s bullish momentum builds, while Panshibi’s meme-fueled surge gains traction with a predicted 100x rally. Analysts predict a strong performance for SOL as investor interest grows. With market trends pointing toward an upward move, many are looking at its potential price action. At the same time, Panshibi is drawing attention with expectations of a major surge in value.  As the global market struggles with bear trends, traders are weighing their options in anticipation of the next big opportunity. This…

Binance founder Changpeng Zhao has announced plans to donate additional funds to victims of TST and BROCCOLI memecoins, adding to his previous donation to LIBRA victims. After receiving more Binance Coin (BNB) than he originally donated to victims of the LIBRA token collapse, CZ disclosed on Feb. 19 that he will donate more funds to investors who lost money on TST and BROCCOLI memes. CZ had previously given 150 BNB, or roughly $100,000, to help those impacted by the LIBRA token’s failure. This was after being inspired by a university student who donated $50,000 of their funds to help the…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana’s congestion issues raise concerns, while Cutoshi gains traction with its DeFi-powered meme appeal and 35% presale bonus. Solana’s recent congestion crisis has yielded adverse effects with the altcoin losing a significant share of its market value. Trading at $173.20 at press time, analysts advocate cautious investment and diversification into more promising newcomers like Cutoshi (CUTO).  Considering the history of Solana’s congestion crisis and its ripple effect, investors are following these experts’ advice and diversifying into fast-rising projects like…

The Dior coin fell more than 90% after it was revealed to be a fake Solana meme coin promoted by a hacker on the Dior official account. On Feb. 19, the official Instagram account for luxury brand Dior uploaded a post promoting a Solana (SOL) meme coin dubbed the Dior Official Coin alongside a pump.fun address to access the token. The post was shared to the fashion account’s 46.8 million followers. Many users in the comments section were quick to suspect the account was hacked, while others joked about the Instagram admin needing money. “DIOR OFFICIAL COIN. The exclusive luxury…

South Korea’s Supreme Court has sided with lower courts in deciding that TerraUSD and LUNA do not meet the criteria for financial investment products. Korea‘s Supreme Court has ruled that the collapsed stablecoin TerraUSD (USTC) and its sister token Terra (LUNA) are not financial investment products, rejecting a prosecution appeal and upholding earlier decisions, Korean newspaper Etoday reports. On Jan. 23, the court rejected prosecutors’ request to seize assets from Terraform Labs co-founder Shin Hyun-seong. The court agreed with lower courts that had already ruled LUNA does not qualify as a regulated financial product under Korea’s Capital Markets Act, stating…

key takeaways: Unrealized gains from cryptocurrencies produced by enterprises themselves will no longer be taxed, according to the National Tax Agency of Japan. For some time, the exclusion of self-issued virtual currencies from market valuation has been considered. In a move that signals Japan’s commitment to fostering innovation and attracting investment in the digital asset space, the government has announced a groundbreaking tax exemption for token issuers.  Japan’s National Tax Agency recently made significant revisions to the corporate tax rules concerning cryptocurrency issuers. As per the updated regulations, crypto token issuers are now exempt from paying corporate tax on unrealized…