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The Argentine congressional commission investigating President Javier Milei revealed evidence showing that two months before the LIBRA scandal, Milei had already participated in a nearly identical scheme.The same promoters who collaborated with Milei on LIBRA in February were also involved in the earlier KIP launch.Earlier Scheme SurfacesThe latest phase of the LIBRA investigation uncovered Milei’s prior involvement in another token launch that was connected to figures already under scrutiny by Argentine authorities.Sponsored SponsoredAt Tuesday’s congressional session in Buenos Aires, Maximiliano Ferraro, the leader of the investigative committee, pointed to the December debut of the KIP token, spearheaded by KIP Protocol…

Mastercard (MA) is reportedly eyeing to acquire blockchain infrastructure startup Zero Hash as the competition for stablecoin payments is heating up.The global payments and card provider is in late stage talks and could pay $1.5 billion-$2 billion for the crypto firm, Fortune reported on Wednesday citing sources familiar with the matter. That comes as Mastercard might be losing out against Coinbase on bidding for crypto payments firm BVNK, the report added.The news comes as stablecoins, or cryptocurrencies tied to fiat money like the U.S. dollar, have emerged as the next frontier for global payment flows. These digital tokens aim to…

Amazon Web Services (AWS) has reportedly suffered another outage today, after its major disruption just 10 days ago on October 20. Many platforms relying on AWS have reported operational issues to some extent. With these continuous disruptions, the crypto community is facing a critical concern. How secure are blockchain networks and digital assets if major servers go out and remain offline for a notable time? Sponsored SponsoredAWS is Critical Web3 Plumbing — Even If People Forget ThatDespite “decentralization” being a core principle of blockchain, most of the Web3 stack is not fully decentralized. The majority of critical infrastructure — RPC endpoints, APIs, exchange…

Over 150,000 traders have been wrecked in the past day. The US Federal Reserve did what many anticipated and lowered the key interest rates by 25 bps earlier today. Although such a move is typically regarded as bullish for risk-on assets like crypto, the reality is that the immediate effect has been anything but positive. Even before the FOMC meeting, though, many expected such behavior from bitcoin. Previous examples have shown that the cryptocurrency tends to correct at first after the US central bank cuts the rates, as Merlijn The Trader pointed out. BITCOIN HISTORY REPEATS UNTIL IT DOESN’T.…

This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin BTC$111,332.14 is down but not out following Federal Reserve Chairman Jerome Powell’s latest hawkish remarks, which challenged expectations around a December rate cut.That’s the message from the price chart, which shows that although BTC is facing selling pressure likely in response to Powell downplaying additional easing in December, prices still remain above the critical 200-day simple moving average (SMA) near $109,250. As of writing, BTC changed hands at $111,000, bouncing off the key average.Holding above the 200-day simple moving average (SMA), a long-term barometer of…

Key points: Bitcoin’s sell-off accelerated after the Federal Reserve cut rates by 25 basis points.Weakness in crypto shows traders are looking at macroeconomic headwinds like a weakening jobs market and inflation, despite believing that interest rate cuts will continue into 2026. Bitcoin (BTC) price tumbled to $109,200 ahead of Wednesday’s US Federal Reserve decision to cut interest rates by 25 basis points. While traders may have anticipated a degree of risking-off ahead of Fed Chair Jerome Powell’s announcement, BTC’s 6% drop from its Monday rally to $116,400 might be sharper than anticipated, especially considering that the consensus among analysts was a 25…

Bitcoin price continued its semi-green week for a bit today trading above $115,000 today and briefly reaching $116,077. Since then, bitcoin’s price has dumped to the mid $112,000s, according to Bitcoin Magazine Pro data. This bitcoin price movement comes as traders weigh the Federal Reserve’s upcoming interest-rate decision and renewed optimism in the U.S.-China trade relations. Data from Bitcoin Magazine Pro showed a 1.6% daily gain for BTC before the dump in late afternoon. Despite historical trends of Bitcoin pulling back ahead of major U.S. economic events, the cryptocurrency held steady ahead of Wednesday’s Federal Open Market Committee (FOMC) meeting,…

HYPE jumps 33% in a week, hitting $50. RSI nears breakdown as analysts watch for either a breakout or pullback toward $37–$38. HYPE, the native token of Hyperliquid, has gained over 36% in the past week, briefly reaching $50 before easing lower. The move followed steady trading activity and a confirmed bullish setup that developed earlier in the month. At the time of writing, HYPE is trading around $49, with a daily volume of $660 million. The token holds a market cap just under $13 billion, placing it 16th among all digital assets by size (CoinGecko). Meanwhile, the recent…

Key points: Bitcoin traders’ ability to overcome price resistance at $116,000 could hinge on Wednesday’s Fed decision on interest rates and this week’s US-China trade summit. Pro traders are distributing into BTC price rallies while retail-sized investors are buying the dips in spot, and also being liquidated in futures. Bitcoin (BTC) price continues to show strength, rising 13% since its historic liquidation-driven sell-off on Oct. 10, but technical charts indicate that daily closes above $116,000 are needed to lock in the bullish trend reversal. Data from TRDR shows sellers capping the most recent intra-day breakouts above $116,000, and order book data at Binance and…

Ethereum funds now total about 6.8 million ETH, with the ETH/BTC ratio in holdings jumping from 3:1 to 5:1. Over the past year, the amount of Ethereum (ETH) funds held by institutions has grown at a rate nearly four times faster than that of Bitcoin (BTC). According to analysts, this change in allocation could point to a growing institutional belief in Ethereum’s distinct role alongside Bitcoin as a core digital asset. A Notable Shift in Institutional Strategy Data shared by XWIN Research Japan shows that institutions are clearly building their positions in different ways. Bitcoin fund holdings grew by…