Today's Crypto and Bitcoin News

The White House authorized a classified $9 billion funding request on May 22 to equip US intelligence agencies with advanced AI chips and the infrastructure needed to run them. The primary beneficiaries: the NSA and CIA, which have reportedly been struggling with a supply shortage that has kept soph...

The United States Treasury Department’s Office of Foreign Assets Control (OFAC) has enforced sanctions against individuals and entities linked to a Mexican cartel that is trafficking illicit drugs and laundering the proceeds through cryptocurrency networks.According to a press release from the Treas...

Roughly $180 million in short positions were wiped out across the crypto market in a 30-minute window, delivering the kind of sudden, violent squeeze that makes leveraged trading feel less like a strategy and more like a coin flip.The liquidation cascade hit as Bitcoin pushed through key price level...

Roughly $180 million in short positions evaporated from the crypto market in a 30-minute window on May 23, as a violent price spike turned bearish bets into expensive lessons. The event, best described as a textbook short squeeze, punished traders who had been betting on further downside.How $180M v...

Bernie Sanders publicly challenged Elon Musk, demanding to know how the tech billionaire plans to fund a “Universal High Income” while refusing to support a 5% tax on his own $817 billion fortune.Elon Musk posted on X that government checks could be the best solution to AI-driven unemployment. He ar...

Bitcoin is trading under a key short-term investor break-even, and on-chain signals suggest further pressure unless it reclaims that level. On May 22, analyst Axel Adler Jr. flagged that Bitcoin is struggling to climb back above the Short-Term Holder (STH) Realized Price — the average acquisition p...

Micron (NASDAQ: MU) is shaping up as one of the more polarizing high-upside, high-risk plays on the market — and for crypto investors used to big ranges, the story will feel familiar. Put $1,000 into Micron today, and depending on which analyst you believe, it could be worth as little as about $230 ...

CoinDesk reports:Bitcoin dropped as low as $74,344 during early Saturday trading before slightly recovering to around $75,500. Over the past 24 hours, it fell 1.8%, and over the past week, it declined 2.7%.Major cryptocurrencies are weakening in tandem.Ethereum fell 2.7% today, with the latest price...

Toncoin [TON] has fallen another 11.15% in the past 24 hours of trading. A Bitcoin [BTC] correction of 3.35% in the same period forced most altcoins lower and resulted in $85 billion being erased from the crypto market cap.In the derivatives market, $942 million worth of long and short positions fac...

Ethereum (ETH) has been under heavy selling pressure in recent weeks, leaving many retail investors uncertain about when to enter the market. However, Lingrid, a TradingView crypto expert, has stepped in, pinpointing an area she calls a “Kill Zone,” which reveals the most ideal entry point for trade...

Odaily Planet Daily report: Market data shows BTC has rebounded above $76,000, currently trading at $76,800. ETH has rebounded above $2,100, currently trading at $2,130.Coinglass data shows that $103 million in total liquidations occurred across the network in the past hour, with $12.81 million in l...

The European Central Bank has drawn a line in the sand on euro stablecoins. At a meeting in Nicosia, Cyprus on May 22, ECB President Christine Lagarde and the Governing Council formally rejected proposals to relax regulatory constraints on euro-denominated stablecoin issuance, citing risks to bankin...

Galaxy Digital founder Mike Novogratz and Bitgo CEO Mike Belshe testified this week in Delaware Chancery Court over a failed $1.2 billion merger that collapsed in 2022, with Bitgo seeking at least $100 million in damages.Key Takeaways:Bitgo is seeking at least $100 million from Galaxy Digital over a...

Headline: Michael Saylor says a MicroStrategy Bitcoin sale before year‑end is “not unlikely” MicroStrategy’s executive chairman Michael Saylor has softened his long‑standing “never sell” stance on the company’s Bitcoin stash, telling the Coin Stories podcast it’s “not unlikely” the firm could sell ...

Bitcoin derivatives bloodbath: $320M wiped out after SEC pauses tokenized-stock rule A sudden regulatory pause sent a wave of forced selling through crypto markets on May 22, wiping out just over $320 million in derivatives positions — roughly $296 million of which were long trades — after the U.S....