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Despite pleading guilty to serious AML violations, Paxful received a reduced $4 million penalty instead of the $112.5 million figure agreed by the parties. Peer-to-peer virtual asset trading platform Paxful has been sentenced to pay a $4 million criminal penalty after pleading guilty to multiple federal offenses, according to an official press release from the US Department of Justice. The sentence follows Paxful’s admission that it conspired to promote illegal prostitution, violated the Bank Secrecy Act, and knowingly transmitted funds derived from criminal activity. Illicit Crypto Flows The penalty was determined based on the company’s ability to pay. Federal authorities…

Losses are mounting up for short-term holders of Bitcoin as the asset dumps below $70,000 again. “Short-term holders keep suffering as this correction drags on,” said CryptoQuant analyst ‘Darkfost’ on Wednesday. The short-term holder cost basis is around $94,200, and with BTC back at around $67,000, the price gap has now reached 28%, they said. “So we can roughly estimate an average unrealized loss of about 28% for STHs, if we simplify things.” Not a Correction, But Bear Market The analyst noted that Bitcoin’s price has been trading below the STH cost basis for four months, “marking their longest period…

Uniswap price is up around 3% over the past 24 hours, trading near $3.40. But this small move hides what really happened on February 11. That day, UNI surged nearly 42% to a high near $4.57 after news linked Uniswap to BlackRock’s tokenized fund expansion. Since then, sellers have erased about 26% of that rally. This raises a key question: was this institutional-driven breakout a real trend shift, or a trap for retail buyers?Uniswap Price Breakout on February 11 Was Driven by Retail MomentumThe rally on February 11 did not happen randomly.Sponsored SponsoredOn the 12-hour chart, Uniswap price had been…

Bitcoin treasury company Strategy will further lean on its preferred stock sales to acquire Bitcoin, shifting from its strategy of selling common stock, says CEO Phong Le.“We will start to transition from equity capital to preferred capital,” Le told Bloomberg’s “The Close” on Wednesday.Stretch (STRC) is Strategy’s perpetual preferred stock, launched in July, and is aimed at buyers looking for stability by offering an annual dividend of over 11%. STRC is the company’s fourth perpetual preferred offering, launched to finance its Bitcoin (BTC) purchases. It’s an alternative to issuing new shares that dilute its stock price. Strategy CEO Phong Le appears…

Britain is positioning itself to become the first G7 nation to issue sovereign debt on the blockchain, appointing banking giant HSBC and law firm Ashurst to steer a digital gilt trial expected this year, according to the Financial Times.The Treasury’s selection of the two firms aims to quell growing criticism that the U.K. has been dragging its feet on tokenized government bonds. While Chancellor Rachel Reeves unveiled the pilot plan in late 2024, other jurisdictions including Hong Kong have already crossed the finish line with their own digital sovereign issuances.The pilot aims to slash settlement time and operational costs for…

Fundstrat head of research Tom Lee said he expects Ether to rebound quickly following recent declines, arguing the asset has experienced eight such recoveries since 2018. “A lot of people are frustrated, but keep in mind that Ethereum, since 2018, has fallen more than 50% eight times,” Lee said at a conference in Hong Kong on Wednesday. Last year, Ethereum fell 64% from January to March, he added. “But eight out of eight times, Ethereum has had a V-shaped bottom. So it has recovered 100% of the time within almost the same speed that it fell.” He argued that nothing has changed and…

In brief The banking lobby warned that conditional charters tied to unfinished legislation like the GENIUS Act could give crypto firms Fed access before regulators have fully defined their obligations. Several major crypto firms are seeking or hold OCC trust bank charters that could allow direct, regulated settlement without traditional correspondent banking layers. The push reflects a broader effort by banks to limit crypto’s expansion into federally regulated finance, including successful efforts to ban stablecoin yield provisions. America’s largest banking lobby is telling the country’s top bank regulator to pump the brakes on crypto charter applications, warning that approving new…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…

After falling to nearly $2.0 trillion last Friday, the total crypto market capitalization has rebounded to above $2.3 trillion. Investors appear to be spotting opportunities, and buy-the-dip sentiment is resurfacing.The key question is whether this rebound is strong enough to form a classic V-shaped recovery. Several market signals offer insight.Sponsored Signs of Buy-the-Dip Behavior After the Panic Sell-OffOne of the earliest and most notable signals is the renewed inflow of stablecoins into centralized exchanges. This trend reversed after months of decline, even though selling pressure remains elevated.Rising stablecoin balances on exchanges reflect investors’ readiness to deploy capital. This signal is…

In brief The FDIC agreed to pay Coinbase $188,440 in legal fees and overhaul FOIA policies following a court ruling that found the agency violated federal disclosure law. The settlement concludes a multi-year legal battle that exposed dozens of “pause letters” the FDIC sent to banks ordering them to halt crypto-related activities. Under new leadership, the FDIC pledged that it would not categorically withhold all bank supervisory documents. The FDIC has agreed to pay $188,440 in legal fees and drop its fight to withhold crypto-related “pause letters,” settling a FOIA lawsuit tied to alleged Operation Choke Point 2.0 debanking tactics…