Author: Kryptonews

The SEC was satisfied with Gemini’s agreement to contribute $40 million toward the full recovery of Gemini Earn investors’ assets lost as a result of the Genesis bankruptcy.The US Securities and Exchange Commission’s civil lawsuit against Gemini Trust Company and Genesis Global Capital in the Earn-related unregistered securities case has been dismissed with prejudice.Court filings show the parties submitted a joint stipulation to dismiss the action on Friday in the US District Court in the Southern District of New York, effectively ending the SEC’s claim over Gemini’s crypto lending program with Genesis.A federal judge still needs to sign off on…

Bitcoin and Ethereum face a $2.3b options expiry that will reveal whether the new options-heavy market structure can absorb hedging flows without reigniting casino-style volatility. Summary Around $2.3b in BTC and ETH options expire today, marking 2026’s first major derivatives settlement and a key liquidity inflection point. BTC trades near $89.7k versus $92k max pain; ETH hovers around $2,950–$2,980 against a $3,200 max pain level, creating strong strike “gravity.” Options open interest now tops futures, signaling a shift toward structured hedging that could either dampen or amplify volatility depending on post-expiry flows. A $2.3 billion wave of Bitcoin (BTC) and…

Speaking from Davos on Thursday, co-founder and CEO Ronghui Gu said a CertiK public listing would represent a significant advancement for companies involved in Web3.Blockchain security company CertiK is keeping the door open to a future initial public offering, according to co-founder and CEO Ronghui Gu.Speaking in an interview with Acumen Media on Thursday at the World Economic Forum in Davos, Switzerland, Gu said CertiK’s valuation stands at about $2 billion and that pursuing a public listing would be a natural step for the company. However, the CEO said the company would need “investment, lots of strategic partnerships” to achieve…

Ether (ETH) price saw a daily candle close below $3,000 on Tuesday, but a positive is that data showed large holders were buying throughout the dip. While ETH whale accumulation signals growing confidence, conflicting indicators suggest rising market risk for the altcoin.Key takeaways:ETH whales and institutional investors bought over $130 million in Ether as the price closed below $3,000 on Tuesday.BitMine added more than 92,500 ETH in January, showcasing the growing demand for staking yield.Whales bought the dip as ETH traded below $3,000ETH dropped 7.83% to $2,938 on Tuesday, marking its largest daily correction since November 4, 2025. Despite the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure An inactive Ethereum whale has just re-entered the trading scene, withdrawing over $15 million worth of ETH in just a single day. Considering Ethereum’s slow price growth over the past few months and the whale’s sudden appearance despite being dormant for months, there could be a possibility of insider trading. Dormant Ethereum Whale Moves $15 Million ETH A sudden $15.14 million Ethereum transaction has caught the crypto market’s attention, with the move either driven by insider knowledge or simple strategic positioning. According to data from blockchain analytics…

Why did Larry Gagosian want to stage a just-opened blockbuster exhibition of Jasper Johns‘s paintings at his Upper East Side gallery in New York? “First of all, because I want to look at them,” he told Alison McDonald in a soon-to-be-published Gagosian Quarterly interview. It’s not an especially lofty justification, but it’s at least an honest one—and it sets the tone for the entire conversation. In the piece, Gagosian talks fluently about the formal characteristics of Johns’s art—the way the 95-year-old artist works his surfaces, the way he wields his materials—but Gagosian generally doesn’t linger on the concepts behind the…

Bloomberg commodity strategist Mike McGlone explains his bearish turn on Bitcoin outlook and broader market expectations for 2026.Bloomberg Intelligence strategist Mike McGlone said he has reversed his long-term outlook on Bitcoin and the broader crypto market, arguing that investors should “sell the rallies” across risk assets in 2026.In McGlone’s view, the conditions that once made Bitcoin (BTC) compelling have changed fundamentally. What began as a scarce, disruptive asset has become part of a crowded and highly speculative ecosystem, increasingly correlated with equities and vulnerable to the same macro forces that drive traditional markets.He draws parallels with past market peaks, pointing…

176 Snoop Dogg’s latest foray into Web3 has made headlines after the rapper launched a non-fungible token (NFT) collection via Telegram, generating $12 million in revenue within 30 minutes.  The drop, consisting of approximately 996,000 animated NFTs known as “Telegram Gifts,” was powered by the TON blockchain – originally developed in 2017 and now backed by Telegram – and sold out shortly after launch on July 10. The collection included a variety of digital items inspired by Snoop Dogg’s personal style and cultural symbols, including vintage cars, digital dogs, and marijuana-related objects. The tokens are designed to be displayed on…

Crypto payments firm Mercuryo has partnered with Visa to enable near real-time conversion of digital assets into fiat currency. Key Takeaways: Mercuryo’s partnership with Visa enables near real-time crypto-to-fiat off-ramps directly to Visa debit and credit cards. The integration cuts costs and settlement times, especially for cross-border payouts. Users can convert and spend crypto through existing wallets at over 150 million merchants worldwide. The move allows users to send proceeds directly to Visa debit and credit cards through Visa Direct, the payments giant’s real-time money movement network.Under the arrangement, eligible Mercuryo users will be able to off-ramp crypto holdings and…

Onchain derivatives platform Paradex refunded $650,000 to about 200 users after a maintenance-related software error triggered unintended liquidations across multiple markets.According to a Friday post-mortem shared on X by Paradex, the incident occurred during a planned 30-minute database upgrade on Monday, when a “race condition” caused corrupted market data to be written onchain. Paradex said the issue was operational and not the result of a hack or security breach.In response, Paradex temporarily disabled access to the platform, canceled all open orders except take-profit and stop-loss orders, and rolled back the chain to a snapshot taken before the maintenance window began. …