Author: Kryptonews

Phillips has closed 2025 with global sales of $927 million, marking a 10 percent increase against last year. The result follows impressive projected totals by Sotheby’s and Christie’s in 2025, with the houses registering a 17 percent and 7 percent increase, respectively. The narrative coming from the “big three” is quite rightly upbeat, with their balance sheets showing renewed confidence from collectors. At Phillips, auction sales this year accounted for $725 million, while private sales surged to $202 million—an impressive 66 percent rise against 2024. The house’s total is still a way off its two main competitors, though; Sotheby’s said…

If you’ve ever opened your wallet before a casino session and thought, “Wait, why is my bankroll up or down already?”, you’re not alone. That little moment of confusion usually isn’t about your gameplay at all, it’s about your coin.Stablecoins are becoming the antidote to that noise, and the numbers back up why they’re showing up everywhere, especially if you’re trying to choose the best crypto casino without turning bankroll management into a side job.The New York Fed’s Liberty Street Economics analysis estimates that (excluding “bot-like transactions”) stablecoin transaction volume grew from $3.29 trillion in 2021 to $5.68 trillion in…

Coinbase is taking three US states to court in a bid to lock in federal protection for its planned prediction markets, opening a new front in the battle over whether event contracts are finance or gambling.​The exchange has sued regulators in Connecticut, Illinois, and Michigan, asking federal judges to declare that prediction markets listed on a US Commodity Futures Trading Commission (CFTC)-regulated platform fall under the Commodity Exchange Act (CEA) and the CFTC’s exclusive jurisdiction, not 50 separate state gambling codes.In a Friday X post, chief legal officer Paul Grewal said Coinbase filed the cases “to confirm what is clear:…

ByteDance, the parent company of TikTok, signed a new agreement to give up control over most of the app’s U.S. activities. Through the deal, the U.S. government campaign to force a sale on national security grounds comes to an end, establishing a new joint venture led by American investors. In the memo, Shou Chew, the CEO of ByteDance, called the new agreement a “new TikTok U.S. joint venture.” According to the memo, the partnership is set to close on January 22, 2026. American investors gain key responsibilities in TikTok The memo said that the new agreement would give American investors…

Bitcoin and ether climbed above key technical levels on Friday, tracking gains in Asian equities after the Bank of Japan raised interest rates to their highest level in three decades and cooling U.S. inflation data revived appetite for risk assets.Bitcoin rose above $87,000 in Asia trading, while ether pushed higher alongside broader market strength, as investors looked past the BOJ’s long-telegraphed move and focused instead on easing global financial conditions.Cardano’s ADA, Solana’s SOL, DOGE$0.1265, bnb BNB$843.43 and XRP$1.8521 rose as much as 3%, with the broad-based CoinDesk 20 index rising 2%.The move higher came after a volatile, yet relatively range-bound,…

The total crypto market capitalization has fallen to an eight-month low, erasing much of this year’s gains, as analysts remain bearish in the short term.Total market capitalization fell to $2.93 trillion in late trading on Thursday, its lowest level since April, according to CoinGecko.The total market value of crypto has declined by around 33% since its all-time high of around $4.4 trillion in early October and is down almost 14% since the beginning of this year, prompting many analysts and observers to claim the bear market is underway.It fell to a 2025 low of $2.5 trillion on April 9 before…

A senior promoter behind the collapsed crypto platform IcomTech has been sentenced to nearly six years in federal prison for his role in a multimillion-dollar Ponzi scheme that targeted working-class, Spanish-speaking investors across the United States. Key Takeaways: An IcomTech promoter was sentenced to nearly six years for running a crypto Ponzi scheme. The platform used fake “guaranteed returns” to recycle investor funds. Mendoza must repay victims and forfeit assets. Magdaleno Mendoza was sentenced on Thursday to 71 months in prison, according to the US Attorney’s Office for the Southern District of New York.Prosecutors said Mendoza played a central role…

XRP advanced 4.26% to $1.85 during Wednesday’s session, recovering sharply from early weakness even as overall participation remained muted.News backgroundUnderlying sentiment toward XRP received a modest lift after VivoPower announced a partnership with Lean Ventures to acquire Ripple Labs equity, indirectly providing exposure to nearly $1 billion worth of XRP.The joint venture aims to source up to $300 million in Ripple shares for institutional and qualified retail investors in South Korea, with VivoPower targeting roughly $75 million in management and performance fees over three years. While the deal does not directly involve XRP purchases, it reinforces institutional interest in Ripple-linked…

SUI spent much of 2025 trying to recover from a steep correction after its post-launch rally. The token now trades well below its all-time high near $5.35, with price action dominated by failed breakouts and fading momentum.For traders and long-term holders, the key question in any SUI price prediction is whether the current downtrend is a pause in a larger growth story or the start of a longer period of sideways consolidation.SUI Technical AnalysisOver the past two years SUI has moved from the hype phase to consolidation. After listing on major exchanges and running to the $5 area, the token…

Synthetix Network has returned to Ethereum mainnet, betting that scaling upgrades make layer-1 viable again for perps. Summary Synthetix has relaunched its perpetual futures decentralized exchange on Ethereum mainnet. The return follows a two-year period operating across Layer-2 networks. The protocol is using offchain matching with onchain settlement to scale trading. Synthetix has brought its core trading product back to where it’s original home. In a blog post published on Dec. 19, the protocol announced the launch of its canonical perpetual futures DEX on Ethereum (ETH) mainnet, marking its first return since migrating away to layer-2 networks in 2022. Perpetual…