Crypto Reporter

President Donald Trump made a virtual appearance at the Digital Asset Summit in Manhattan on Thursday, delivering a pre-taped speech that reinforced his pro-crypto stance while stopping short of announcing new policies. Speaking to a standing room-only crowd, Trump hailed cryptocurrency as a transformative force capable of driving unprecedented economic growth.

“Crypto is as big as you can get,” Trump declared, praising the industry’s potential to revolutionize banking, payments, and privacy. H

President Donald Trump announced the inclusion of XRP (Ripple), SOL (Solana), and ADA (Cardano) in a new U.S. Crypto Strategic Reserve, triggering a surge in their market value. The announcement, made on March 2, 2025, via social media, follows an executive order signed in January aimed at solidifying the country’s position as a leader in digital assets.

“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executi

In a devastating blow to the cryptocurrency industry, Bybit revealed on Friday that it had suffered a “sophisticated” attack resulting in the theft of over $1.5 billion worth of Ethereum (ETH) from one of its cold wallets. This unprecedented breach surpasses all previous crypto heists in scale, dwarfing even the Ronin Network ($624 million), Poly Network ($611 million), and BNB Bridge ($586 million) hacks.

The Attack: A Deceptive Manipulation

According to Bybit’s CEO Ben Zhou, the incident unf

The United States may soon place bitcoin at the center of its financial strategy, with President Donald Trump’s administration considering its inclusion in a potential sovereign wealth fund. Brian Sacks, Trump’s crypto advisor, recently unveiled this proposal, highlighting bitcoin’s potential as a strategic reserve asset to strengthen America’s financial leadership.

Sacks outlined the idea during a cryptocurrency policy briefing, emphasizing bitcoin’s staying power and its utility as a hedge ag

U.S. President Donald Trump has signed an executive order creating a cryptocurrency working group to advance digital asset regulations in the United States. Announced on January 23, this initiative underscores the administration’s intention to position the U.S. as a global leader in the evolving digital economy. It follows Trump’s promise on the campaign trail and Tuesday’s SEC announcement that it was creating a taskforce to overhaul crypto policy.

The working group will include representative

The U.S. Securities and Exchange Commission (SEC) has announced the formation of a specialized task force to establish clearer regulations for cryptocurrencies. Under the leadership of Acting SEC Chair Mark Uyeda, the crypto regulatory task force aims to tackle key challenges in the rapidly evolving digital asset industry, including investor protection, market transparency, and the classification of digital assets.

The SEC has not specified a timeline for when the task force will deliver its re

Tether, the leading stablecoin issuer, has announced plans to relocate its operations to El Salvador after securing a Digital Asset Service Provider (DASP) license. This strategic move underscores Tether’s commitment to advancing Bitcoin adoption and innovation in emerging markets.

El Salvador, renowned for its progressive stance on digital assets, became the first country to adopt Bitcoin as legal tender in 2021. The nation’s favorable regulatory environment and growing Bitcoin-savvy community

Meme coins have taken the cryptocurrency market by storm, turning jokes into legitimate investment opportunities and captivating millions worldwide. From the legendary Shiba Inu to the adventurous Arctic Pablo Coin ($APC), these tokens have not only created overnight millionaires but also inspired vibrant, dedicated communities. With each coin carrying a unique story and value proposition, the competition for dominance in this niche remains fierce.

Among these rising stars, Arctic Pablo stands

Pichai Chunhavajira, Finance Minister of Thailand, on Wednesday unveiled a project to test cryptocurrency payments as an alternative to cash in the tourist destination of Phuket.

According to Pichai, the government’s policy is to trial cryptocurrencies in tourism-focused cities to make it easier for foreign tourists to use their digital assets for payments. Also, there is no need to amend current laws, as the mechanisms to support such transactions are already in place.

Pichai highlighted how

Digital asset management company Grayscale Investments has added HYPE, ENA, VIRTUAL, JUP, JTO, and GRASS to its updated list of the Top 20 cryptocurrencies for Q1 2025.

Each quarter the Grayscale research team analyzes digital assets universe to produce a diversified set of top assets across cryptocurrency sectors. The approach incorporates a range of factors, including network growth/adoption, upcoming catalysts, sustainability of fundamentals, token valuation, token supply inflation, and pote

The European Union’s Markets in Crypto-Assets Regulation (MiCA) is set to take full effect on December 30, 2024, marking a significant milestone in the EU’s journey toward comprehensive financial digitalization. This regulatory framework aims to establish clear guidelines for crypto-assets, fostering innovation while ensuring consumer protection and market integrity.

MiCA introduces stringent requirements for crypto-asset service providers (CASPs), including the obligation to obtain authorizati

As Bitcoin’s value surpasses $100,000, luxury brands are increasingly adopting cryptocurrency payments to attract affluent, tech-savvy consumers and diversify their revenue streams.

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French department store Printemps has partnered with Binance and fintech firm Lyzi to accept Bitcoin and Ethereum, becoming the first European department store to do so. This initiative has sparked interest among other luxury retailers, with Binance France’s president, David Princay, noting, “Ther

Tether, the issuer of the world’s largest stablecoin USDT, is on track to close 2024 with a net profit of $10 billion, Bloomberg quotes the company CEO Paolo Ardoino.

Tether’s investments have shown that it is ready to invest hundreds of millions of dollars in projects other than cryptocurrency.

Video sharing platform and cloud services provider Rumble said last week it has entered into an agreement with Tether to receive a strategic investment of $775 million.

“I truly believe Tether is the

Binance, the world’s largest cryptocurrency exchange, has reported over $21.6 billion in user fund deposits in the first 11 months of 2024, outpacing 10 other major exchanges combined, according to DefiLlama data.

Binance’s growth aligns with a surge in global adoption of digital assets. Major regulatory wins, historical price milestones, and the approval of Bitcoin ETFs in markets such as the United States, Brazil, Hong Kong, and Australia have bolstered institutional and retail confidence. Th

The United Kingdom’s Financial Conduct Authority (FCA) has unveiled a strategic roadmap to establish a comprehensive regulatory framework for cryptocurrencies by 2026. This initiative aims to align the UK’s financial sector with the evolving digital asset landscape, ensuring market integrity and consumer protection.

Matthew Long, the FCA’s Director of Payments and Digital Assets, emphasized the importance of this development, stating, “Our research results highlight the need for clear regulatio

In a surprising pivot, former crypto skeptic and market commentator Jim Cramer has publicly embraced Bitcoin (BTC) and Ethereum (ETH) as essential assets for modern investment portfolios. Cramer, a prominent voice in finance, cited growing concerns over the U.S. national debt and the resilience of these digital currencies as catalysts for his shift in perspective.

Cramer’s endorsement, shared during recent media appearances, marks a notable departure from his previous criticisms of cryptocurren

Crypto asset manager Bitwise has filed for a Solana (SOL) exchange-traded fund (ETF).

Paperwork filed with the Securities and Exchange Commission (SEC) makes Bitwise the fourth investments company vying to offer a Solana ETF, behind Canary Capital, which filed in October and VanEck and 21Shares which kicked off the race in June.

Bitwise already offers a variety of ETFs tracking BTC and ETH, the two cryptoassets generally treated as commodities in the US.

ETFs are investment vehicles that trad

Detroit will become the largest city in the United States to accept cryptocurrency payments through a secure platform managed by PayPal, city officials announced.

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The option will become available in mid-2025, along with additional improvements to city payment services, said Treasurer Nikhil Patel. It’s part of a larger strategy by the city of Detroit to explore innovative technologies that could enhance public services, strengthen civic engagement, and foster economic growth.

Tether Holdings, the company that issues the largest stablecoin USDT, reported net profit of $2.5 billion in the third quarter of the year, bringing year-to-date profit to $7.7 billion. The company also said it has over $6 billion in excess reserves.

The market value of Tether’s USDT token in circulation has climbed to almost $120 billion, as demand for stablecoins rose during the crypto bull market.

Most of the reserves backing USDT are invested in Treasury bills, allowing Tether to generate

Italy will raise the tax to 42% from 26% as part of plans to raise more revenues in the 2025 budget, according to Deputy Economy Minister Maurizio Leo.

Prime Minister Giorgia Meloni’s cabinet made the move given the “phenomenon is spreading,” Maurizio Leo said during a conference call on Wednesday in reference to bitcoin.

According to the data from Tax Foundation Europe, the capital gains tax rate in Germany is 26.4%, and in Spain, it is 28%. The 42% turns out to be the highest European taxati