Cryptos Insiders

An exchange-traded fund (ETF) designed to offer leveraged long exposure to shares of Strategy, formerly MicroStrategy, is down approximately 81% since peaking on Nov. 20, according to The Kobeissi Letter.  The T-REX 2X Long MSTR Daily Target ETF (MSTU) lost some 40% of its value in the past three trading sessions alone, the investment researcher

Update (Feb. 26, 6:05 am UTC): This article has been updated to add information on the SEC’s suit, the Trump administration’s crypto policies and responses from the SEC and Tron. The US Securities and Exchange Commission and Justin Sun have asked a federal court to pause the regulator’s case against the crypto entrepreneur to allow

The United States Securities and Exchange Commission has closed its investigation into crypto exchange Gemini, adding to a growing list of firms that have escaped the regulator’s scrutiny for now.  In a Feb. 26 notice shared by Gemini co-founder and president Cameron Winklevoss, the SEC said it had concluded its investigation and “based on the

US lawmakers in the House of Representatives have advanced a resolution to repeal the “DeFi broker rule,” requiring brokers to report digital asset transactions to the Internal Revenue Service. Set to take effect in 2027, the IRS regulation approved on Dec. 5 would expand existing reporting requirements to include decentralized exchanges and require brokers to

The founder of a so-called crypto hedge fund and market marker called Gotbit has been extradited from Portugal to the US, where he is facing charges related to market manipulation and wire fraud conspiracy. Aleksei Andriunin was arrested by Portuguese authorities on Oct. 8, and was extradited to the US on Oct. 25. Sometime after,

The US Federal Bureau of Investigation has urged crypto node operators, exchanges and the private sector to block transactions from addresses used to launder funds from the $1.4 billion Bybit hack. The FBI confirmed earlier industry investigation that North Korea was responsible for the hack, which the US law enforcement agency dubbed as “TraderTraitor” in

Ripple Labs has signed a strategic partnership with BDACS, a South Korean digital asset custody provider, to support institutional custody for XRP and Ripple USD. The partnership, announced on Feb. 26, will enable BDACS to integrate Ripple Custody, the company’s institutional crypto and digital asset custody solution, to safeguard XRP (XRP), Ripple USD (RLUSD) and

Troubled cryptocurrency exchange Bybit is making preparations for a full operational license in the United Arab Emirates (UAE) after recently suffering a $1.4 billion hack. Bybit received in-principle approval to set up a virtual asset platform operator in the UAE from the Securities and Commodities Authority (SCA), the exchange announced on Thursday, Feb. 27. The