Author: driver789
TLDR: Crossover Markets closed a $31M Series B round at a $200M valuation, led by Tradeweb Markets. Tradeweb will route institutional spot crypto orders to CROSSx using algorithmic order-routing tech. CROSSx has matched over $50 billion in notional volume across 12 million trades since its launch. Investors include Ripple, Virtu Financial, Wintermute Ventures, XTX Markets, and DRW Venture Capital. Crossover Markets has closed a $31 million Series B funding round at a $200 million valuation. Tradeweb Markets led the round, joined by DRW Venture Capital, Illuminate Financial, Ripple, Virtu Financial, Wintermute Ventures, and XTX Markets. The investment strengthens CROSSx, an…
An international law enforcement operation involving the US Federal Bureau of Investigation, Europol and other agencies has taken down one of the internet’s most notorious cybercrime forums, LeakBase. The forum was a place for hackers to buy and sell stolen data and cybercrime tools, amassing more than 142,000 members and over 215,000 messages.“The FBI, Europol, and law enforcement agencies from around the world executed a takedown of LeakBase, one of the largest online cybercriminal platforms, seizing users’ accounts, posts, credit details, private messages, and IP logs for evidentiary purposes,” the FBI cyber division assistant director Brett Leatherman said in a statement…
Crypto experts are pushing back after billionaire hedge fund manager Ray Dalio renewed his skepticism about bitcoin BTC$72,432.16, arguing that the largest and oldest cryptocurrency lacks the qualities that make gold a reliable store of value.Speaking on the All-In Podcast, the Bridgewater Associates founder said bitcoin should not be compared to gold because it lacks central bank backing, offers limited privacy and could face an existential threat from future advances in quantum computing. Dalio also pointed to the asset’s public ledger, suggesting transactions can be monitored and potentially controlled.Dalio, who said last year that he has about a 1% allocation…
Arthur Hayes was wrong before. In December, the BitMEX co-founder predicted Bitcoin would hit $200,000 by March 2026. It didn’t. Bitcoin is trading near $71,000. Hayes is now calling for $500,000 to $750,000 by the end of the year, and his reasoning runs straight through the Middle East. Related Reading War, Spending, And The Fed Hayes argues that a prolonged US military conflict involving Iran would put severe pressure on federal finances. As government spending climbs, he believes policymakers would face little choice but to cut interest rates and pump more money into the financial system. That combination — loose…
BitRss delivers the latest Top Crypto News from established and trusted voices across blockchain, bitcoin, stablecoins, altcoins, and the broader cryptocurrency ecosystem. Since 2015, our Mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way. BitRss acts as a 24/7 reference point where information from many sources comes together in one place. You can stay up to date through our Original Crypto Summary and Curated Topics, designed to highlight key developments, emerging trends, and shifts in market sentiment. BitRss is intentionally clean, fast, and mobile-friendly. Articles are listed…
Digital asset infrastructure firm Zero Hash has applied for a national trust bank charter with the Office of the Comptroller of the Currency, seeking approval to expand its role in digital asset custody and settlement services. The Chicago-based firm, which operates under the brand Zerohash, provides crypto infrastructure for banks, brokerages and fintech platforms. Clients listed on its website include prediction markets platform Kalshi and asset manager BlackRock. According to a report from Bloomberg, the proposed national trust bank would provide custody for digital assets, fiat currency and other assets. The entity would also offer custodial staking, transfer agent services…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum co-founder, Vitalik Buterin, has issued one of his starkest warnings yet: if the network continues to limit itself to DeFi, obsessing over yields and political meme coins, it will betray Ethereum’s original mission. Ethereum Beyond DeFi In a post on social network X on March 3, Buterin shared an essay‑like reflection on how his worries, and the worries of people around him, highlight the fact that Ethereum is not doing enough to be an active force for change amid world‑class threats such as “government control and…
Key takeaways:Derivatives and onchain data show a lack of bullish conviction, as 43% of Bitcoin holders remain at a loss despite recent price gains.Surging AI energy demand is squeezing miner profits to record lows, forcing major listed firms to offload BTC and pivot to computing.Traders face a psychological hurdle at $76,000, the average cost basis for major corporate holders like Strategy.Bitcoin (BTC) surged to a four-week high on Wednesday, potentially clearing a path for a recovery toward the $78,700 monthly close recorded in January. Despite a 22% rally from the $60,000 local bottom on Feb. 6, several onchain and derivatives…
Eric Trump, one of the sons of U.S. President Donald Trump and a co-founder of crypto firm World Liberty Financial, went after the banking industry Tuesday over their opposition to allowing stablecoin yield in crypto market structure legislation. “Big Banks (think JPMorgan Chase, Bank of America, Wells Fargo, etc.) are lobbying overtime to block Americans from getting higher yields on their savings—while trying to block any rewards or perks from being given to customers,” he said in a post on X, the site formerly known as Twitter.He said banks pay a marginal interest in comparison to the interest paid to…
Peer-to-peer transfers made through self-custody crypto wallets are a key weak point in the stablecoin ecosystem because they can take place without a regulated intermediary, the Financial Action Task Force (FATF) said in a new report urging countries to tighten oversight as stablecoins spread into payments and cross-border transfers.In its report on stablecoins, unhosted wallets and P2P transactions, the global anti-money laundering watchdog said transactions conducted directly between users through unhosted wallets can occur without regulated intermediaries such as exchanges or custodians.The FATF said this structure can create gaps in Anti-Money Laundering (AML) oversight because the transactions occur outside the…