Crypto News

- Six months ago, the digital asset market experienced its most devastating liquidation event. On October 10, 2025, over $19 billion in leveraged positions vanished in a matter of hours. During this "10/10 crash," Bitcoin plummeted from $122,000 to $105,000, wiping out more than 1.6 million trader accounts. While many saw this as a random market move, early Bitcoin adopter Davinci Jeremie believes it was a deliberate strategy. Jeremie gained global attention as a YouTube influencer, who famously urged his audience to purchase Bitcoin when the digital asset was trading at just $1.00. The long game of the elite In a recent conversation with Sujal Jethwani, Jeremie suggests that the crash was not an accident but a move by powerful...

- Tether crypto has engaged an unnamed Big Four accounting firm for a comprehensive financial statement audit of USDT, announced March 24, 2026. The stablecoin now carries a $184 billion market cap and supports more than 550 million users worldwide, making this the largest-scope inaugural audit in digital asset history. This is not an incremental compliance step. It is a structural reclassification of how Tether’s reserves are verified. Key Takeaways The Mechanics: Attestation vs. Full Financial Audit Tether’s prior arrangement with BDO Italia produced quarterly attestations, agreed-upon procedures that confirmed asset existence at a specific point in time. They did not constitute an audit opinion on whether financial statements...

- Bernstein Calls Bitcoin Bottom and Sets 226% Upside Target for Strategy Bernstein has called a Bitcoin bottom and set a $450 price target on Strategy stock, 226% above Monday’s closing price of $138.20. The call comes from analyst Gautam Chhugani at a firm managing nearly $880 billion in assets, which means this is not a retail sentiment spike. It is institutional research drawing a line in the sand on the BTC-equity trade. Key Takeaways: Bernstein Bitcoin Bottom Case: What the Data Shows Bitcoin peaked at $126,210 on October 6, 2025. A flash crash on October 10, triggered by leveraged liquidations, initiated the correction, compounded by late February 2026 U.S.-Israeli strikes on Iran, and Bitcoin still held a floor near...

- Nvidia Faces Class Action Over Alleged Crypto Mining Revenue Disclosure Gaps A class action lawsuit revived in the U.S. District Court for the Northern District of California is targeting Nvidia Corporation over allegations that the chipmaker systematically misclassified and obscured graphics processing unit (GPU) revenue derived from crypto mining, misrepresenting the composition of its gaming segment to investors during one of the most volatile periods in digital asset markets. The complaint, operating under the case originally styled In re NVIDIA Corp. Securities Litigation (Case No. 21-cv-02899), alleges violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, with control-person...

- Nvidia Faces Class Action Over Crypto Mining Revenue Disclosure Gaps Nvidia is being sued for hiding how much of its gaming GPU revenue came from crypto miners. The class action covers fiscal 2018, a period when quarterly revenue surged 52% and 25% year-over-year. Shareholders allege the company deliberately obscured the fact that Ethereum mining demand was driving those numbers, not gaming. The stakes extend beyond Nvidia. As the primary infrastructure-layer supplier to the GPU mining ecosystem, any regulatory cloud over its disclosure practices ripples into how investors price exposure across the entire supply chain. Now the Supreme Court has entered the picture. It is reviewing the 9th Circuit’s decision allowing the suit to...

- Mortgage giant Fannie Mae will soon accept crypto-backed homebuying loans Fannie Mae (FNMA) is set to soon begin accepting cryptocurrency-backed mortgages, according to an announcement on Thursday from mortgage originator Better Home & Finance (BETR) and the crypto exchange Coinbase Global (COIN). Shares in Better Home surged by as much as 12% after the announcement before pulling back slightly, while Coinbase traded down by roughly 1.1%. Mortgage-backed securities giant Fannie Mae slid by roughly 4.6% in the over-the-counter market, according to Yahoo Finance data. A new product launched by the two companies will allow individuals to originate mortgages with Better Home that conform to Fannie Mae standards while using Bitcoin...

- MARA Stock Pops on $1.1 Billion Bitcoin Sale as BTC Miner Buys Back Convertible Debt MARA Holdings, one of the largest Bitcoin mining firms in the U.S., said on Thursday that it had sold roughly 15,000 BTC for $1.1 billion to repurchase a portion of its convertible debt, describing the move as a way to improve its overall financial footing. The sale, which represents 28% of MARA’s Bitcoin holdings, leaves the Miami-based firm with around 38,700 Bitcoin left in its corporate coffers. With Bitcoin changing hands around $69,000 on Thursday, that sum was worth $2.6 billion, according to CoinGecko. MARA has entered into agreements with certain holders of its convertible notes allowing the company to repurchase debt at a 9% discount to...

- Coinbase Offers Crypto Mortgages To Homebuyers Cryptocurrency exchange Coinbase Global (NASDAQ: $COIN) is offering cryptocurrency-backed mortgages to U.S. homebuyers. Coinbase says it is partnering with mortgage firm Better Home & Finance (NASDAQ: $BETR) to enable people to use Bitcoin (CRYPTO: $BTC) as a down payment when buying a house. The new crypto mortgages have the support of the U.S. federal government and offer the same protections and standards as traditional mortgages. However, Coinbase warns that the interest rates charged on the new crypto-backed mortgages will be higher than a standard 30-year mortgage by about 1.5 percentage points. Still, homebuyers across America can now use Bitcoin and the USDC (CRYPTO: $USDC)...

- Morgan Stanley’s Bitcoin ETF Is About To Launch Wall Street investment bank Morgan Stanley’s new Bitcoin exchange-traded fund (ETF) appears to be about to launch. Morgan Stanley has been teasing its new Bitcoin ETF for months despite the current decline in the price of BTC and other cryptocurrencies. On social media, Bloomberg Intelligence shared a screenshot of a pending listing for Morgan Stanley’s new Bitcoin ETF under the ticker symbol “MSBT.” Morgan Stanley is joining a crowded field of about a dozen other spot Bitcoin ETFs that have a combined $83 billion U.S. of assets under management. The ETF is part of a broader push into cryptocurrencies by Morgan Stanley Chief Executive Officer (CEO) Ted Pick. While former Morgan...

- Bank of New York urges regulation and 'clarity' for crypto industry Key Points: The future of cryptocurrency relies heavily on major financial institutions stepping into the market. Speaking at the Digital Asset Summit in New York on Tuesday, BNY CEO Robin Vince explained that legacy banks are perfectly positioned to connect digital assets with the broader economy. Rather than allowing decentralized finance to replace traditional banking, Vince believes large firms will drive the technology forward. He noted that BNY, one of the first major custodians to offer digital asset custody, has a long history of embracing innovation. Because of their established infrastructure, banks serve as vital partners. “A technology that’s in...

- Bitcoin Options Worth $15 Billion Are About To Expire Nearly $15 billion U.S. worth of Bitcoin (CRYPTO: $BTC) options contracts are set to expire on derivatives exchange Deribit on March 27, an event that could trigger greater volatility. The options expiration represents 40% of the $36.5 billion U.S. worth of Bitcoin open interest currently on the Deribit exchange. Deribit is warning that it will see $17 billion U.S. in total options expire on March 27, including both Bitcoin and Ethereum (CRYPTO: $ETH). The options contract expirations could lead to a spike in volatility. However, there are signs that traders have been steadily de-risking ahead of the March 27 expiry. Large expiries in the past have led to significant moves...

- Bhutan Moves $37M in Bitcoin to Exchanges, Holdings Down Two-Thirds From Peak The Kingdom of Bhutan transferred another 519.707 BTC worth $36.75 million to external addresses on Wednesday, accelerating a sovereign Bitcoin liquidation that has seen its BTC holdings plummet 66% from late 2024 peaks. The Royal Government of Bhutan now holds 4,453 BTC worth approximately $315 million, down from nearly 13,000 BTC in late 2024, according to on-chain data. The latest transfer continues a drawdown that began after October 2024, with total year-to-date outflows exceeding $150 million. The steady pace of transfers has accelerated in recent weeks, with Bhutan moving from $5-15 million clips in January and February to $35-45 million...

- MARA Is Up 5% While Bitcoin Falls: What’s Driving the Divergence? Marathon Digital Holdings (NASDAQ:MARA) stock is up 6% in Thursday morning trading even though Bitcoin (CRYPTO:BTC) declined 2.83% over the past 24 hours to less than $69,400. Since MARA is a high-beta stock that has historically moved in near-lockstep with cryptocurrency prices, this divergence deserves a closer look. No single confirmed company-specific catalyst has been identified for today's move. What follows are the most plausible explanations, presented as exactly that. The AI Pivot Story May Be Getting Priced In Marathon Digital Holdings has been quietly repositioning itself as something more than a Bitcoin miner. The company announced a joint venture with...

- NVIDIA Accused of Hiding $1B Crypto Mining Revenue as 'Gaming' — Lawsuit Moves Forward After Supreme Court Snub Key Takeaways NVIDIA Corporation and its CEO, Jensen Huang, are facing a certified class-action lawsuit alleging that the company hid more than $1 billion in cryptocurrency mining-related GPU sales during the 2017-2018 boom. With NVIDIA now a dominant force in AI chips, the case revives uncomfortable questions about its historical dependence on crypto mining. Class-Action Lawsuit Against NVIDIA The suit claims NVIDIA misclassified massive crypto-driven revenue under its Gaming segment, downplaying exposure to the volatile crypto market and misleading shareholders about the sustainability of its explosive growth. The...

Morning Minute: Trump’s New Science Council Is a Who’s Who of AI and Crypto President Trump announced the first 13 members of his President’s Council of Advisors on Science and Technology (PCAST) on Wednesday. The lineup includes Jensen Huang, Mark Zuckerberg, Sergey Brin, Larry Ellison, Lisa Su, Michael Dell, and Safra Catz. The council will be co-chaired by David Sacks, Trump’s AI and crypto czar, and former U.S. Chief Technology Officer Michael Kratsios. President Trump Names Meta, Nvidia CEOs to White House Tech and Science Council Crypto is represented by Coinbase co-founder Fred Ehrsam and a16z’s Marc Andreessen. The council aims to advise the President on AI and emerging tech to keep the US ahead of global competitors and...

- Crypto for a home? Coinbase brings token-backed down payments to housing market March 26 (Reuters) - Coinbase is teaming up with Better Home & Finance to let homebuyers pledge their crypto holdings as collateral for down payments, marking one of the most ambitious attempts yet to adapt digital assets for mainstream needs. A prospective homeowner will be able to secure a loan against the bitcoin or USDC in their Coinbase account to cover the down payment, the companies said on Thursday. The loan will be separate from the Fannie Mae-backed mortgage on the home. The move will free homebuyers from having to sell their crypto to fund their downpayments, which is typically done via cash and cash equivalents. Customers could hold on to...

- Coinbase, Fannie Mae to Enable Crypto-Backed Mortgages Fannie Mae will accept cryptocurrency-backed mortgages for the first time, allowing prospective home buyers to pledge Bitcoin or the USDC stablecoin as collateral for down payments through a partnership between Coinbase and mortgage firm Better Home & Finance. The program enables borrowers to transfer their digital assets from Coinbase to a Better custody wallet while retaining ownership, avoiding the need to sell crypto and trigger taxable events. For USDC holders, the structure allows them to continue earning rewards while their assets serve as collateral. The mortgages will carry rates 0.5 to 1.5 percentage points higher than standard 30-year loans, depending on borrower...

- 3 Cryptocurrencies to Buy and Hold Forever There's a financial revolution underway. Banks, payment processors, and institutions are shifting transactions and asset ownership onto the blockchain. As a result, the cryptocurrency industry could move from the fringes of traditional finance to being embedded in its very foundations. For long-term investors, that's a move worth paying attention to, particularly if you're looking for cryptos to buy and hold forever. Tokenization, a way to record ownership on the blockchain, is at the core of this dramatic change. Moving assets on-chain can make them more accessible and reduce transfer costs and friction. It can apply to stocks, private equity, U.S. Treasuries, real estate, commodities...

- Bitcoin Slips Under $70K as Pentagon Prepares ‘Final Blow’ in Iran Bitcoin slipped back under $70,000 Thursday morning amid reports that the Pentagon is preparing for a "final blow" in Iran. The cryptocurrency's recent string of higher lows faces its first major test as President Donald Trump's five-day pause of strikes against Iran expires Friday, with Axios reporting that the U.S. military is developing options in Iran that could include the use of ground forces and a "massive bombing campaign." On prediction market Myriad, users now place a 60% chance on U.S. boots on the ground in Iran before May—up more than 10% on the day. Though Bitcoin has outperformed gold and U.S. stocks since the war began, the Pentagon's reported...

- Cryptocurrencies have struggled this year, and it's really been a tough six months. The sector seems to have lost some of its appeal, as artificial intelligence (AI) and quantum computing stocks have perhaps added some competition, though they haven't fared much better. Furthermore, the conflict in Iran and economic concerns have also hurt crypto. But big sell-offs are quite common in crypto and have historically presented a buying opportunity. There are 65 cryptocurrencies available for trading in the U.S. on the popular online retail brokerage Robinhood, ranging from the largest and best known to meme tokens with very little use. Bitcoin: the digital-gold narrative The largest token by market cap and the largest in the world...