Author: driver789

U.S. Secretary of Commerce Howard Lutnick, the former CEO of Cantor Fitzgerald that handles Tether’s finances in the U.S., has been questioned by Senate Democrats on reports that a trust tied to his children received a loan from Tether meant to help finance Lutnick’s divestiture of his company stake that went to his children.Senators Elizabeth Warren, who is the ranking Democrat on the Senate Banking Committee, and Ron Wyden, who is the top Democrat on the Finance Committee, asked the leading global issuer of stablecoins whether it helped finance Lutnick’s multi-billion-dollar transfer of the financial-services company through trusts tied to…

Top US officials have increasingly placed Bitcoin (BTC) at the center of national security discussions, and Representative Lance Gooden says the change is more than just political rhetoric.  In comments reported Thursday, the Texas Republican argued that the largest cryptocurrency has become a “geopolitical weapon” being used—simultaneously, in his view—by multiple adversaries. Multi-Front Security Use Of Bitcoin Gooden’s remarks follow confirmation from Pentagon leadership. According to reporting by the TFTC agency, Secretary of War Pete Hegseth told him that the Department of Defense is actively involved with Bitcoin in classified operations designed to counter what Hegseth described as “China’s digital…

Digital asset adoption in Latin America is evolving, with more users now converting funds into stablecoins than into Bitcoin — a shift that reflects growing pressure from local economic conditions.According to Bitso’s 2025 report on crypto adoption in Latin America, 40% of crypto purchases in 2025 were US dollar-linked stablecoins such as Tether’s USDt (USDT) and Circle’s USDC (USDC), while Bitcoin (BTC) accounted for 18%. The report marks the first time stablecoin purchases have surpassed Bitcoin in the region.The findings are based on data from Bitso’s nearly 10 million retail users across its exchange platform.The trend reflects a broader move…

Polymarket, the prediction market platform, has enlisted Chainalysis to bolster on-chain oversight and curb insider-informed betting. The collaboration aims to provide an on-chain market integrity solution designed to monitor trading activity and surface patterns that may indicate non-public information being used to place bets. In a landscape where volatile real-world events increasingly feed digital markets, the move seeks to reinforce platform rules and restore user trust after a string of controversial bets tied to sensitive developments. The initiative reflects a broader push within the crypto prediction ecosystem to adopt more rigorous surveillance measures as regulators scrutinize the space for manipulation…

A U.S. Senate that’s struggled to move crypto market structure legislation moved like lightning on Thursday to ban themselves from participating in prediction markets.Acting on a simple, 14-line resolution pushed by Ohio Republican Senator Bernie Moreno, the Senate agreed unanimously to put a restriction between members and the increasingly popular, controversial betting platforms that have drawn scrutiny over insider-trading activity and fights over who has regulatory jurisdiction.“United States Senators have no business engaging in speculative activities like prediction markets while collecting a taxpayer-funded paycheck, period,” said Senator Moreno in a Thursday statement. “Serving in Congress should never be about finding…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Latest Ethereum on-chain activity has given traders a clear reason to look at the sell side. A series of large ETH transfers tied to wallets linked with Galaxy Digital has raised questions about whether whales are actively dumping into the market.  Data from on-chain transaction tracker Lookonchain shows that two wallets linked to Galaxy Digital recently deposited 45,000 ETH across multiple crypto exchanges over a 15-hour window. Ethereum Whales Move $104 Million In ETH To Exchanges On-chain data shows that some Ethereum whale wallets are currently on…

Morgan Stanley’s Amy Oldenburg said a future move by major banks to put Bitcoin on their balance sheets is “not totally out of the question,” pointing to regulatory progress while warning that capital rules and global supervisory alignment still matter. Speaking during a Bitcoin 2026 conference panel, Oldenburg was asked what it would take for a bank like Morgan Stanley, or another regulated financial institution, to make the leap from offering Bitcoin exposure to actually holding Bitcoin as a treasury asset. “Bitcoin on the balance sheet,” she said, pausing on the premise. “You know, I think if we continue to…

Steak ‘n Shake Chief MAHA Officer Michael Boes told attendees at the Bitcoin 2026 Conference in Las Vegas that Bitcoin has become a core driver of the chain’s business performance, pointing to 2 million new customers, dramatic cost reductions, and a sweeping menu overhaul tied directly to savings from bitcoin payments. Boes cited how the chain launched its Bitcoin payment platform on May 16, 2025, via the Lightning Network, and the results came fast. Same-store sales rose 11% quarter over quarter in Q2 2025 and accelerated to 15% in Q3 2025, outpacing major rivals including McDonald’s, Taco Bell, and Domino’s. …

Bitcoin (BTC) is trading at $76,350, which is above several key investors’ cost-basis levels. The one-to-three-month holder average sits at $75,620, placing a large share of recent buyers near breakeven, while the price sits just below the US spot exchange-traded fund (ETF) cost basis of $76,700. The short-term holder (STH) cost basis and the adjusted realized price extend on either side of this range, increasing the importance of the $75,000 level as a near-term support pivot. BTC cost basis cluster tightens near $75,000The one-to three-month holder cohorts share an average cost basis of $75,620. That level capped the price earlier in March…

Elon Musk is pushing forward with one of the most ambitious transformations of the financial ecosystem: turning X into a fully integrated banking and payments platform through X Money. Early tests suggest that the platform could combine traditional banking features with fintech innovation, potentially reshaping how users interact with money on a global scale. What X Money Is Offering So Far According to early users cited by Bloomberg, X Money is already experimenting with a compelling set of features: Up to 3% cash back on eligible purchases Around 6% interest on cash savings, significantly higher than traditional bank averages Peer-to-peer…