Crypto trader turns K PEPE into M, sells for M profit

Crypto trader turns $2K PEPE into $43M, sells for $10M profit

The savvy trader’s position peaked at $43 million during Pepe’s peak valuation as memecoins continue minting new crypto millionaires. A savvy cryptocurrency trader reportedly turned $2,000 into more than $43 million by investing in the memecoin Pepe at its peak valuation, despite the token’s extreme volatility and lack of underlying technical value. The trader made…

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Bitcoin adoption in EU limited by ‘fragmented’ regulations — Analysts

Bitcoin adoption in EU limited by ‘fragmented’ regulations — Analysts

Corporate Bitcoin adoption remains limited by Europe’s “fragmented” regulatory regime and a smaller liquidity pool than the United States. Institutional adoption of Bitcoin in the European Union remains sluggish, even as the United States moves forward with landmark cryptocurrency regulations that seek to establish BTC as a national reserve asset. More than three weeks after…

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T stablecoin supply could drive next crypto rally — CoinFund’s Pakman

$1T stablecoin supply could drive next crypto rally — CoinFund’s Pakman

The growing stablecoin supply suggests cryptocurrency adoption is at its mainstream “tipping point.” The global stablecoin supply could surge to $1 trillion by the end of 2025, potentially becoming a key catalyst for broader cryptocurrency market growth, according to CoinFund managing partner David Pakman. “We’re in a stablecoin adoption upswell that’s likely to increase dramatically…

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US regulators FDIC and CFTC ease crypto restrictions for banks, derivatives

US regulators FDIC and CFTC ease crypto restrictions for banks, derivatives

The new guidelines come after the FDIC removed the ‘reputational risk’ category from bank exams. The Federal Deposit Insurance Corporation (FDIC) said in a March 28 letter that institutions under its oversight, including banks, can now engage in crypto-related activities without prior approval. The announcement comes as the Commodity Futures Trading Commission (CFTC) announced that…

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Galaxy Digital to pay 0M over Terra promotion fallout

Galaxy Digital to pay $200M over Terra promotion fallout

Galaxy Digital will pay $200 million to settle allegations of promoting collapsed crypto Terra without disclosure, as the NY AG claimed it spread false information. Michael Novogratz’s crypto investment firm Galaxy Digital agreed to pay $200 million in a settlement related to its alleged promotion of the now-collapsed cryptocurrency Terra (LUNA) According to New York…

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