MicroStrategy and Michael Saylor settle tax case for $40M

In August 2022, Michael Saylor faced allegations of tax evasion. He has since reportedly made the largest income tax fraud settlement in the history of the District of Columbia.

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Crypto News: StealthEX-PulseCoinList, SEC Ethereum ETFs, BTC Sales

StealthEX partners with PulseCoinList, SEC progresses Ethereum ETFs, German BTC wallet sells, MicroStrategy buys 11,931 BTC, and Assange's Bitcoin donation.

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StealthEX Ranked as the Best Instant Swap Platform for PulseChain (PLS) Purchases

StealthEX, an instant non-custodial crypto exchange, is happy to inform all its users that it has partnered with PulseCoinList (PCL), the #1 go-to place for PulseChain stats, coin rankings, and swaps.

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HK SFC: Two Former Brokers Sentenced to Jail Over False Trading

Two former brokers face jail for false trading in Hong Kong. (Read More)

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ZKsync X Hacker Spreads False Information About SEC Investigation in Attempt to Manipulate Token Price

ZkSync X Faces Account Hack Allegations, Denies SEC Probe Rumors and Token Price Plummet Recently, ZkSync X, a prominent blockchain platform, was embroiled in controversy after reports surfaced claiming that user accounts were compromised. These allegations led to widespread panic among investors, resulting in a sharp decline in the value of the platform’s native token. [...]

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Bitcoin To $150,000 Is Programmed With Halving Approaching: Analyst

With Bitcoin ripping higher and closing in on breaking all-time highs, one analyst on X thinks $150,000 post-halving is “programmed.” The analyst remains upbeat in a post, highlighting several fundamental developments that could drive the world’s most valuable coin to new valuation and more than 2X from spot rates.  Currently, the path of least resistance remains northward. Buyers have shaken off the bears of the past trading month, finding anchor from the March 20 bull bar. On April 8, the coin soared above the key liquidation level at around $71,800. Bitcoin has since cooled off, but the leg up remains, and it may form the basis of another breakout above $74,000.  For bulls to be firmly in control and align with the analyst’s outlook, there should be a follow-through of the April 8 surge, ideally with rising trading volumes. This could catalyze demand, even placing Bitcoin above $74,000 and fresh 2024 highs before the highly anticipated Halving event. Eyes On Bitcoin Halving: A Supply Squeeze In The Making? As the analyst explains, the “Halving” event is a crucial catalyst for this potential surge. Less than ten days away, this event is a protocol-driven occurrence that will see the network reduce block rewards to 3.125 BTC, down from the current 6.25 BTC. Related Reading: Filecoin Bull Run On The Horizon? Analyst Sees 250% Surge This reduction, combined with sustained demand, will likely create a scarcity of Bitcoin, potentially driving up its price. Ahead of Bitcoin’s Halving, the analyst said the amount of BTC held by exchanges is dwindling. To illustrate, Coinbase’s holdings stand at a six-year low. However, this is not an isolated event; data shows that major exchanges like Binance are seeing decreasing supply. At the same time, over-the-counter (OTC) desks, which handle large, private cryptocurrency transactions, are reportedly running low on Bitcoin, indicating strong institutional demand. This suggests a potential supply squeeze set to only worsen in the coming months.  Impact Of Spot BTC ETFs: London, Hong Kong In The Picture Already, spot Bitcoin exchange-traded funds (ETF) issuers, the analyst added, are on a buying spree, gobbling up over $300 million of BTC every day. Since these issuers are acting on behalf of investors, both retail and institutions, they are actively infusing capital into the market, a huge boost for prices. It should be noted that the surge from Q4 2023 to early January was primarily because of the anticipated spot Bitcoin ETFs. The spillover effect and the billions flowing into the asset make BTC more liquid and resilient against aggressive sellers.   Additionally, the London Stock Exchange plans to list exchange-traded notes (ETNs) backed by Bitcoin in Q2 2024. Like the spot ETFs in the United States, this product will inject liquidity into the market and legitimize the coin as a worthy asset class, similar to gold. Related Reading: VeChain On The Edge: Insider Says VET Will Reach The Finish Line In Asia, the Securities and Futures Commission (SFC) of Hong Kong will likely approve multiple spot Bitcoin ETFs. Some of the noteworthy applicants include leading Chinese asset managers. Feature image from DALLE, chart from TradingView

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Crypto News You May Have Missed This Week | April 25, 2025

From updates to exchange-traded funds (ETFs), to a newly formed Bitcoin Treasury, to success in meme coin trading, here is a roundup of the top crypto stories you may have missed.

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Hex Price Dumps as US SEC Accuses Creator of Defrauding Investors

Richard Heart, the creator of the Hex and PulseChain, is now facing charges of securities fraud for unregistered securities sale.

The post Hex Price Dumps as US SEC Accuses Creator of Defrauding Investors appeared first on BitPinas.

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Hex, Pulsechain Prices Dump as US SEC Accuses Its Creator Richard Heart of Defrauding Investors

Richard Heart and his crypto entities Hex, PulseChain, and PulseX face a billion-dollar lawsuit from the US SEC over allegations of unregistered securities sales and fraud.

The post Hex, Pulsechain Prices Dump as US SEC Accuses Its Creator Richard Heart of Defrauding Investors appeared first on BitPinas.

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SEC Files Lawsuit Against Richard Heart and Companies Hex, Pulsechain, and Pulsex

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit Friday against Richard Schueler, known as Richard Heart, and his companies Hex, Pulsechain, and Pulsex, alleging they raised more than $1 billion through unregistered securities offerings. SEC Lawsuit Accuses Richard Heart of Running Unregistered Securities Offerings The SEC complaint alleges that beginning in December 2019, [...]

The post SEC Files Lawsuit Against Richard Heart and Companies Hex, Pulsechain, and Pulsex appeared first on Crypto Breaking News.

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LSE Opens Doors to Bitcoin and Ethereum ETN Applications

In a follow-up to the Stock Exchange Notice issued on March11, 2024, the London Stock Exchange (LSE) has disclosed its intention tocommence accepting applications for the admission to trading of Bitcoin andEthereum Crypto Exchange-Traded Notes (ETNs) from April 8, 2024.

Regulatory Hurdles: FCA Approval Crucial for LSE's CryptoETN Launch

The Exchange's decision is contingent upon the approval ofthe base prospectuses by the Financial Conduct Authority (FCA), which isnecessary for listing Crypto ETNs on the Main Market and the Official List ofthe FCA.Pending regulatory approval, the proposed date for the commencement of tradingfor these Crypto ETN securities is slated for May 28, 2024.

The LSE has strategically opted to launch the market forCrypto ETNs on May 28 to facilitate the maximum participation of issuers on theinaugural trading day. This choice of date factors in the necessity for issuersto meet the eligibility criteria outlined in the Crypto ETN factsheet.Additionally, it allows ample time for issuers planning to list securities onthe launch date to compile the requisite documentation to establish a CryptoETN program, including obtaining FCA approval for the base prospectus.

*LSE TO ACCEPT APPLICATIONS FOR BITCOIN, ETHEREUM ETN ADMISSION: BBG

Compliance Crucial: Standards for Participation in LSE'sCrypto ETN Debut

Issuers intending to establish a Crypto ETN program forlisting securities on the Main Market on May 28, 2024, are required to furnishthe Exchange with necessary information no later than April 15, 2024. Thisincludes a detailed letter outlining how the issuer and/or the Crypto ETN meetthe stipulated requirements as per the Crypto ETN factsheet, along with a draftof the base prospectus indicating the inclusion of disclosures aboutthese requirements.

However, issuers must adhere to Admission and DisclosureStandards to partake in the first day of trading of Crypto ETNs on May 28,2024. Failure to satisfy these standards will result in exclusion fromparticipation. Specifically, issuers will be ineligible if they fail todemonstrate compliance with the requirements outlined in the Crypto ETNfactsheet, submit their application for admission post the April 15, 2024deadline, or if their base prospectus fails to secure FCA approval by midday onMay 22, 2024.

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London Stock Exchange Embraces Digital Assets by Accepting Crypto ETN Applications

In a pivotal announcement, the London Stock Exchange (LSE) has shared its plans to accept bitcoin and ethereum exchange-traded note (ETN) applications, signaling a significant shift toward incorporating digital currencies into mainstream financial markets. LSE Announces Acceptance of Crypto ETNs The launch of bitcoin (BTC) and ethereum (ETH) ETNs on the LSE platform marks a [...]

The post London Stock Exchange Embraces Digital Assets by Accepting Crypto ETN Applications appeared first on Crypto Breaking News.

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Unplugged: The Impending Threat of Widespread Blackouts in Grid-Reliant Economies

Lately, the media has been captivated by the possibility of a grid collapse and the devastating economic consequences it would entail. Curiously, the internet is teeming with headlines suggesting the plausibility of such a collapse, whether caused by cyberattacks, physical assaults on infrastructure, equipment malfunctions, or even the notion of an electromagnetic pulse (EMP) incapacitating [...]

The post Unplugged: The Impending Threat of Widespread Blackouts in Grid-Reliant Economies appeared first on Crypto Breaking News.

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Hex market cap loses $4 billion in a week

Blockchain network Hex (HEX) has seen around $4 billion wiped from its market cap over the past week, according to CryptoSlate data. Hex’s market cap dropped to as low as $2.41 billion on May 25 from a peak of $6.62 billion recorded on May 20, according to CryptoSlate’s data. During this period, the Richard Heart-led […]

The post Hex market cap loses $4 billion in a week appeared first on CryptoSlate.

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Terraform Labs CEO Do Kwon Denied Bail by Montenegrin High Court; Extradition Requests Loom

A Montenegrin high court judge has reportedly invalidated the bail application of Do Kwon, the co-founder of Terraform Labs. Kwon was detained for providing false identification while boarding a flight to Dubai alongside a companion on March 23, 2023. Terraform Labs Co-Founder’s Bail Request Invalidated by Montenegrin High Court For the past 62 days, Do [...]

The post Terraform Labs CEO Do Kwon Denied Bail by Montenegrin High Court; Extradition Requests Loom appeared first on Crypto Breaking News.

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HEX Price Prediction As Founder Richard Heart Teases PulseChain Launch

Hex price took crypto traders by surprise when it rallied 23% on Thursday to brush shoulders with $0.0255. This followed the blockchain project founder Richart [...]

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Bitcoin Interexchange Flow Pulse About To Reverse, What Does It Mean?

On-chain data shows the Bitcoin Interexchange Flow Pulse is about to see a trend reversal, here’s what it may mean for the crypto’s price. Bitcoin Interexchange Flow Pulse Is Crossing Over Its 90-Day MA As per CryptoQuant’s on-chain year-end dashboard release, the trend shifts in this metric have historically occurred with phase changes in the market. The “Interexchange Flow Pulse” is an indicator that measures the 1-year cumulative net flows between Coinbase and derivative exchanges. When the value of this metric rises, it means investors are transferring more coins from spot to derivative exchanges right now, and are hence willing to take up more risk. On the other hand, low values suggest not much capital is flowing into the derivative exchanges at the moment. Now, here is a chart that shows the trend in the Bitcoin Interexchange Flow Pulse, as well as its 90-day moving average (MA), over the last few years: Looks like the value of the metric may be beginning to turn around | Source: CryptoQuant As you can see in the above graph, a pattern seems to have historically followed with the Bitcoin Interexchange Flow Pulse during bull-bear trends in the price of the crypto. Whenever the coin has observed a bullish period, the indicator has seen a constant climb and has stayed above its 90-day MA. Related Reading: Litecoin Bullish Signal: Shark And Whale Addresses Hit 2-Year High The reason behind this is that investors are generally willing to take more risk during bull markets, and hence send increasingly large amounts to derivative exchanges for setting up leverage positions. However, whenever the metric has reversed its direction and crossed below the 90-day MA, a top formation has taken place in the price of BTC, and the bullish trend has ended. In the bear markets that have followed such periods, the Interexchange Flow Pulse has usually continued to go down and has remained below its 3-month average. Once again, why this happens is simple; bear markets are when the average holder is unwilling to take any risks, and hence capital flow into derivatives dries up. This trend in the indicator continues until the turning point once again takes place, where the price forms its bottom and the metric starts moving back up the opposite way (crossing above its 90-day MA in the process). Related Reading: Bitcoin Might Be Going Through Its “Most Challenging” Cycle Based On This Metric In the current bear market as well, the Bitcoin Interexchange Flow Pulse has consistently moved down while staying under its 90-day MA. Most recently, however, the decline seems to have stopped, and now the indicator is retesting its long-term average. If the historical pattern is anything to go by, a successful crossover and reversal in the Interexchange Flow Pulse’s trajectory here would mean the bear bottom is in for the current cycle, and a slow transition towards a bull market could follow. BTC Price At the time of writing, Bitcoin’s price floats around $16,600, down 1% in the last week. The value of the crypto seems to have declined over the last couple of days | Source: BTCUSD on TradingView Featured image from Maxim Hopman on Unsplash.com, charts from TradingView.com, CryptoQuant.com

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Binance Counters ‘Wrong Narratives’ About FTX — CZ Calls SBF ‘One of the Greatest Fraudsters in History’

The CEO of crypto exchange Binance, Changpeng Zhao (CZ), has countered several “wrong narratives” about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The Binance boss calls SBF “a master manipulator” and “one of the greatest fraudsters in history.” Binance’s CEO on ‘Wrong Narratives’ About FTX and Sam Bankman-Fried The CEO of

The post Binance Counters ‘Wrong Narratives’ About FTX — CZ Calls SBF ‘One of the Greatest Fraudsters in History’ appeared first on BTC Ethereum Crypto Currency Blog.

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US SEC Issues Summons to Influencers Promoting HEX, PulseChain, PulseX

The crypto influencers are expected to fully cooperate with the SEC request. (Read More)

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Crypto Industry More Attractive to Investors Due to Regulatory Action

The latest MLIV Pulse survey shows an increased willingness of US investors to invest in cryptocurrencies.

Continue reading Crypto Industry More Attractive to Investors Due to Regulatory Action at DailyCoin.com.

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