Crypto News

- Famous short seller targets crypto-friendly bank in new report Founded in 2011, SoFi Technologies, Inc. (Nasdaq: SOFI) is an American fintech company that operates as a nationally chartered online bank. It offers personal loans, student loans, auto loans, and credit cards. The social finance firm went public through a merger with Social Capital Hedosophia Holdings Corp. V, a special-purpose acquisition company (SPAC) backed by the billionaire Chamath Palihapitiya, in 2021. In November last year, it became the first nationally chartered bank in the U.S. to launch cryptocurrency trading for retail customers. The service allows users to trade cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) within the same app...

- Senator Lummis introduces another Bitcoin bill amid price crash On March 30, U.S. Senators Cynthia Lummis (R-Wyo.) and Bill Cassidy (R-LA) introduced the "Mined in America Act" to boost the mining of digital assets in the United States and codify President Donald Trump’s executive order to establish a strategic Bitcoin reserve. The bill directs the Department of Commerce to establish a voluntary certification program for crypto miners. It also directs the National Institute of Standards and Technology and the Manufacturing Extension Partnership to help American manufacturers develop secure and energy-efficient mining equipment. The bill also urges certified facilities to phase out equipment manufactured by "companies tied to...

- Senators Reveal 'Mined in America' Bill to Boost Bitcoin Mining, Support Trump's Reserve U.S. Sens. Bill Cassidy (R-LA) and Cynthia Lummis (R-WY) introduced legislation on Monday to support Bitcoin miners, arguing that the industry needs government help to prevent foreign adversaries from gaining outsized influence over the digital asset’s network. The Mined in America Act is aimed at empowering the government to support Bitcoin miners through federal programs, while also enshrining U.S. President Donald Trump’s executive order to establish a Strategic Bitcoin Reserve into law, according to a press release. “The Mined in America Act brings this industry home through forward-thinking initiatives to secure our financial future,”...

- Chainlink Labs, Anchorage Digital Back New Crypto Super PAC Ahead of Midterms The Blockchain Leadership Fund, a new political action committee focused on digital asset policy, launched Monday. The new PAC adds another player to a crypto lobbying landscape already flush with cash heading into the 2026 midterms. The Blockchain Leadership Fund, a hybrid PAC formed by members of The Digital Chamber, announced its launch in a press release, with Anchorage Digital and Chainlink Labs as founding contributors. Structured as a hybrid PAC, BLF can make both direct candidate contributions and independent expenditures—and says it will engage across federal, state, and local races. "Crypto policy is being written right now and the companies...

- Elon Musk Posts About Bitcoin For First Time In Months Tesla (NASDAQ: $TSLA) CEO Elon Musk is generating buzz in crypto circles after he posted about Bitcoin (CRYPO: $BTC) on social media for the first time in months. On social media platform X, Musk shared an image of a dancer with the Bitcoin logo in the background. No comments accompanied the post. However, the post is the first about Bitcoin from Musk in about six months and could indicate that he remains interested in the largest cryptocurrency by market capitalization. During previous rallies, Musk frequently mentioned BTC, especially after his company Tesla began accepting Bitcoin payments. However, Musk’s social media posts have slowed in recent months, and he has...

- Holders of around 9.4 million Bitcoin, or approximately 47% of the total circulating supply, are sitting on unrealized or paper losses, according to a new report from CEX.io Research. That includes more than 30% of the Bitcoin held by long-term holders, or $304 billion worth of the largest crypto asset, which is now underwater—the highest share since 2023, according to the report. “Long-term holders are now selling at their deepest losses in three years, and the speed of the reversal indicates a sharp deterioration in confidence,” the report reads. “The broader context makes this more concerning," analysts added. "Bitcoin’s price has been drifting slightly higher over recent weeks, but the share of long-term holders sitting in...

- Block Auto-Enables Bitcoin Payments For U.S. Businesses Block (NYSE: $XYZ) is enabling automatic Bitcoin (CRYPTO: $BTC) payments for millions of U.S. businesses. The company led by entrepreneur Jack Dorsey said the move marks an aggressive effort to integrate cryptocurrencies into mainstream finance. Companies that use Block subsidiary Square can now send and receive Bitcoin with no additional set-up requirements, and with transactions instantly converted into U.S. dollars. The new crypto payment feature includes near-instant settlement and zero processing fees through 2026, said Block on social media. Block said the new payments feature builds on its “Square Bitcoin” initiative but is unique in that BTC acceptance is now being...

- The Labor Department proposed a rule Monday that would make it easier for 401(k) plans to include alternative assets such as cryptocurrency, private equity, private credit, and real estate, potentially affecting more than 90 million Americans. The proposal, issued by the department's Employee Benefits Security Administration, creates a safe harbor that could help shield plan sponsors from litigation when they add alternative investments to their lineups. It identifies six factors that fiduciaries must "objectively, thoroughly, and analytically consider" before selecting such investments: performance, fees, liquidity, valuation, performance benchmarks, and complexity. The department said it hopes to finalize the rule by the end of...

- Jack Dorsey's Square Automatically Enables Bitcoin Payments for Millions of Sellers Block's Square payments platform has begun automatically enabling Bitcoin payments for eligible U.S. sellers, shifting from an opt-in to an opt-out model in a move that could significantly expand mainstream Bitcoin payment adoption. The change, which co-founder and CEO Jack Dorsey—an outspoken Bitcoin maximalist—confirmed began rolling out on Monday, affects an estimated 4 million merchants. "Starting today, eligible U.S. Square sellers will begin having Bitcoin payments automatically enabled. Sellers who accept Bitcoin will receive USD as default," said Miles Suter, Block’s Bitcoin product lead. He added that the ability will roll out to all...

- Elon Musk showers love on Bitcoin again after a long hiatus Elon Musk still loves crypto, and he doesn't hide it. The world's wealthiest person, he is well-known for his leadership of Tesla, SpaceX, X (formerly Twitter), and xAI. Tesla (Nasdaq: TSLA) disclosed holding 43,200 Bitcoin in February 2021 but sold 75% of it during the 2022 crypto winter. With 11,509 coins, it is still one of the largest corporate Bitcoin holders. SpaceX has also held Bitcoin since 2021 and currently holds 8,285 coins. Musk's support for cryptocurrency Musk is also known for his advocacy of cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE). He frequently discusses and shares memes about these cryptocurrencies. Energy, not fiat money, is the...

- Crypto stocks at 'big discounts,' may be nearing bottom: Bernstein analysts Crypto stocks may be nearing a bottom, according to Bernstein analysts. "The combination of geopolitics and temporary crypto weak sentiment is offering big discounts" on crypto stocks, wrote Bernstein's Gautam Chhugani and his team. Shares of trading platforms Coinbase (COIN) and Robinhood (HOOD), as well as fintech Figure Technology Solutions (FIGR), have fallen roughly 60% from their all-time highs. Bitcoin is trading below $68,000 after surging past $120,000 last summer and fall. Bernstein maintained an Outperform rating on the three crypto stocks. But it lowered its price targets due to expectations of weak first quarter results later this spring. "We...

- Bitcoin, XRP, Ethereum, and Solana Are All Down Over 40% From Their Peaks — Is This the Bottom? Between mid-2025 and October, Bitcoin (CRYPTO: BTC) was above $126,000, Ethereum (CRYPTO: ETH) was pushing toward $5,000, XRP (CRYPTO: XRP) had hit $3.65, and Solana (CRYPTO: SOL) was trading near $295. If you bought anywhere near those levels, and haven't taken profit, most of those gains have been erased. The entire crypto market has been falling since late 2025, and the four cryptos have been falling consistently every single month as underwater holders keep selling into every rally to break even or take profit. The selling has been relentless, but on-chain bottom signals are starting to flash. The bottom signals are the same ones...

- Labor Department opens 60 day period for adding crypto to 401(k) The U.S. government is moving closer to allowing crypto exposure in retirement accounts. The White House’s Office of Information and Regulatory Affairs (OIRA) has completed its review of a Department of Labor (DOL) proposal that could reshape how 401(k) fiduciaries evaluate alternative assets, including digital assets. The review concluded on March 24, with the action marked “consistent with change” and classified as “economically significant.” The proposal is now expected to be published for a standard 60-day public comment period, after which revisions may be made before a final rule is issued. The proposal follows President Donald Trump’s Aug. 7, 2025 executive...

- The No. 1 Crypto Mistake Young Investors Make Cryptocurrency has always been most popular with younger investors, which is understandable. Younger generations are more likely to adopt new technology, and they can afford a higher risk tolerance, since retirement is still a way off. However, some young investors take on too much risk with their crypto holdings. The World Economic Forum's 2024 Global Retail Investor Outlook reported that 35% of Gen Z and 26% of millennial crypto investors had allocated over half of their portfolios to cryptocurrency. It can be tempting to build a crypto-heavy portfolio, especially when you're starting out and don't have much to invest yet, because cryptocurrencies can deliver spectacular returns. For...

- Ethereum Funds Shed $222 Million as Crypto Bill Fears Rattle Investors Ethereum funds bore the heaviest losses among all digital asset exchange-traded products last week as broader risk-off sentiment collided with growing concern about the Clarity Act, the upcoming U.S. crypto market structure bill. That's pushed total crypto fund outflows to $414 million—the first weekly net negative in five weeks, according to CoinShares' weekly fund flows report. Ethereum investment products shed $222 million, dragging the asset's year-to-date flows to a net outflow of $273 million—the worst of any crypto product tracked by the European digital asset manager. As of late Monday morning, Ethereum was trading at $2,041 after having gained 2.3% in...

- Crypto seed phrase: What it is and why it matters If you plan to invest in cryptocurrency, even in a small way, you need to understand what a crypto seed phrase is and how it works. It’s not a technical detail you can ignore — it’s the key to accessing your funds and protecting your account. This guide explains what a seed phrase is, how it works, how it compares to a private key, and how to store it safely. What is a seed phrase? A seed phrase is a list of 12 or 24 simple words that gives you access to your cryptocurrency wallet. The words come from a fixed set of terms, called the BIP39 word list, and are auto-generated when you open your wallet for the first time. Seed phrases follow the widely used BIP39 standard (short for...

- Trump Brothers' American Bitcoin Hits BTC Milestone as Stock Falls to Lowest Price Since IPO American Bitcoin Corp, the publicly traded Bitcoin mining firm co-founded by Eric Trump and Donald Trump Jr., eclipsed 7,000 BTC in holdings—or around $471 million worth—as shares in the firm (ABTC) sank nearly 4% to $0.82, its lowest point since its IPO. The firm said it has approximately tripled its Bitcoin holdings since its public debut and has more than doubled its “satoshis per share,” a metric which tracks its Bitcoin holdings compared to shares outstanding. That metric utilizes Bitcoin’s smallest unit, a satoshi, or 1/100,000,000 of a full Bitcoin. “The accumulation machine is running at full throttle—mining at a discount plus...

- Billionaire Michael Saylor-led Strategy (Nasdaq: MSTR), formerly MicroStrategy, didn't purchase any Bitcoin (BTC) during the March 23 to March 29 week, the form 8-K filing with the Securities and Exchange Commission (SEC) revealed. The last week, the firm didn't sell any of its shares either. As of March 29, the company holds approximately 762,099 Bitcoin worth approximately $51.6 billion. This makes Strategy the world's largest Bitcoin treasury company. The company now holds 3.6% of Bitcoin’s total supply of 21 million coins as it aims to hold 5% of the total supply. It is after 13 consecutive weeks of purchases that Strategy didn't buy any Bitcoin. Though rare, it's not the first time that the company paused its weekly Bitcoin...

- XRP Price Prediction: What Happens to XRP If Bitcoin Falls Below $60,000? If you've been holding XRP (CRYPTO: XRP) through 2026, you've probably watched the same thing happen over and over. When Bitcoin falls, XRP tends to take an even bigger hit. Bitcoin fell to $60,000 in early February after Trump's shock tariff sent a wave of liquidations across crypto, causing the XRP price to crash to $1.11. XRP took weeks to climb back toward $1.40-$1.45, but the FOMC rate decision and geopolitical tensions have sent it right back below $1.35. Bitcoin is currently holding $66,000, and just below that is the $60,000 support level that BTC briefly touched in February, which dragged the entire crypto market down. If Bitcoin drops to the...

- Retirement and cryptocurrency investing would seemingly mix like oil and water. Your golden years are when you reduce portfolio risk. Cryptocurrency is highly risky, with many top coins down over 50% in the last six months. That said, there's nothing wrong with retirees diversifying into digital assets, provided they keep a couple of guidelines in mind. For starters, you should only invest in cryptocurrency as a retiree if you can comfortably pay your monthly bills with Social Security, your retirement accounts, and any other sources of income you have. Since cryptocurrency can lose value quickly, it's not a good idea to invest money you may need to pay your bills. Cryptocurrency should also only be a small portion of your...