SEC Charges Bitcoin Miner for Duping Investors Out of $48.5 Million

Bitcoin's price has plunged to approximately $84,500 following a series of aggressive sell-offs, raising concerns about its stability and potential further declines. This significant drop comes amid a broader bearish sentiment in the cryptocurrency market, with analysts warning of a possible retest of the $70,000 support level.

Fold has launched Bitcoin services across all 50 states in partnership with BitGo Bank & Trust, marking a significant expansion of its offerings in the cryptocurrency market. This initiative allows users nationwide to access Bitcoin services, enhancing Fold's position in the rapidly evolving digital asset landscape.

The Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), is reportedly in discussions to invest in the cryptocurrency payments firm MoonPay, which is aiming for a valuation of $5 billion and has recently enhanced its regulatory compliance in New York.

Bitwise has projected a significant influx of cryptocurrency exchange-traded products (ETPs) in 2026, attributing this expectation to streamlined approval processes by the SEC. However, Bloomberg analyst James Seyffart cautioned that many of these new products may face challenges in achieving long-term viability.

KindlyMD ($NAKA) has announced the authorization of a flexible share repurchase program aimed at buying back its stock, a strategic move to bolster investor confidence and stabilize its market position. This decision comes amid fluctuations in the company's share price and overall valuation.

Taiwan's Ministry of Justice has announced that it holds over 210 bitcoin, valued at approximately $18 million, which were seized from various criminal cases. This disclosure positions Taiwan among the top government holders of bitcoin globally, reflecting the country's active engagement in cryptocurrency regulation and law enforcement.

Ledn has published its first monthly loan book and proof of reserves data, revealing $868 million in BTC-backed loans secured by 18,488 BTC, with an average loan-to-value (LTV) ratio of 55%. This initiative marks a significant step towards transparency in the cryptocurrency lending sector.

Canary Capital has amended its S-1 registration statement with the SEC for a staked Injective ETF, outlining details such as custodians, staking plans, and a proposed listing on Cboe BZX, amid mixed signals in the INJ price and derivatives markets.