Over $660M in crypto positions were wiped out in a single 24-hour window after President Trump posted a stark warning to Iran on Truth Social, sending Bitcoin crashing from $82,000 to a multi-week low of $76,650. The mechanism behind that number wasn’t panic selling from ordinary holders; it was over-leveraged long positions acting as a
In contrast, BCH and PI have dumped the most from the large- and mid-cap alts. Bitcoin’s troubles only intensified as the legacy financial markets started to open during the night, with the asset dipping to a new multi-week low of under $77,000. Most altcoins have followed suit with painful declines from ETH, DOGE, and
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BM Blockchain gains attention as beginners explore simpler Bitcoin cloud mining options in 2026. Summary New crypto users are exploring cloud mining platforms to access Bitcoin mining without hardware or electricity costs. BM Blockchain
Samsung Electronics and its largest labor union are sitting across the table from each other in a dispute with global consequences. The stakes: a potential 18-day general strike starting May 21 that could knock out a significant chunk of the world’s semiconductor production. The company’s chip division workers, numbering between 40,000 and 50,000, are threatening
The U.S. Senate’s crypto market structure bill has entered a narrow legislative window that could close by August if lawmakers fail to move the measure before the midterm election cycle intensifies, according to research firm NYDIG. Summary NYDIG said the U.S. Senate crypto market structure bill could face major delays if lawmakers fail to pass
One of South Africa’s largest banks is eyeing a seat at China’s payments table. Absa is evaluating membership in a yuan-based payments platform that would allow it to settle cross-border transactions directly in Chinese renminbi, a move that could reshape how money flows between Africa and its largest trading partner. The race for yuan rails
A Nexo research analyst believes a full CLARITY Act approval from the Senate could trigger a BTC bull run. A few days ago, the Digital Asset Market Clarity Act (CLARITY Act) made some progress in the Senate. The bill has advanced out of the Senate Banking Committee despite strong opposition from some lawmakers and
Police from China, the United States and the United Arab Emirates carried out their first joint international law enforcement operation against telecom and online fraud in Dubai, according to Xinhua. Summary China, the U.S. and UAE reported their first joint crackdown on Dubai crypto romance scams. Authorities said nine fraud dens were dismantled and 276
Polymarket, the crypto prediction market that became a household name during the 2024 election cycle, is under investigation by the US Commodity Futures Trading Commission over roughly $800M in oil-related markets. The allegation: traders with advance knowledge of US military actions may have used that information to place winning bets on oil price movements. What
The U.S. Department of Justice has charged German citizen Owe Martin Andresen over an alleged money laundering scheme tied to Dream Market, a darknet marketplace that shut down in 2019. Summary DOJ charged Owe Martin Andresen over alleged laundering tied to Dream Market administrator wallets. Prosecutors said dormant crypto wallets moved funds before purchases of