Bitcoin climbed above $69,000 at the Wall Street open after fresh US Consumer Price Index (CPI) data came in slightly below expectations. BTC posted gains of nearly 4% on the day, briefly reaching $69,190 as traders reacted to signs of cooling inflation. According to the latest Bureau of Labor Statistics report, core CPI matched forecasts at 2.5% year-over-year, while headline inflation printed at 2.4%, slightly below the anticipated 2.5%. Core inflation now sits at its lowest level since March 2021, signaling continued moderation in price pressures. Despite the softer reading, expectations for an imminent Federal Reserve rate cut remain subdued.…
Author: Blockto Team
Bitcoin Cash (BCH) climbed roughly 6% in the latest trading session, rebounding toward the $530 level after recently testing lows near $420 earlier this month. The move marks one of the strongest short-term recoveries for the asset since its sharp pullback at the start of February. On the four-hour chart, BCH showed signs of stabilization after forming a local bottom, followed by a series of higher lows. The breakout above short-term resistance near $520 triggered renewed buying interest, helping price reclaim lost ground. Increased spot demand and broader crypto market stabilization also contributed to the bounce. Reasons Behind the 6%…
French authorities have arrested three suspects following a reported home invasion targeting a senior employee of Binance’s French operations. The incident took place early Thursday morning in the Val-de-Marne region, where armed individuals allegedly attempted to locate the residence of a Binance France executive. According to local reports the suspects initially forced entry into a neighboring apartment, demanding directions to the executive’s home. The intruders reportedly searched the property and stole two mobile phones before fleeing. Hours later, the same suspects were arrested during a second attempted break-in in Hauts-de-Seine after residents alerted police. Authorities recovered the stolen devices and…
Crypto use in human trafficking networks rose sharply in 2025, with inflows to suspected operations increasing by 85% year over year, according to a report by Chainalysis. The firm noted that total transaction volumes to these networks, primarily based in Southeast Asia, reached hundreds of millions of dollars across identified services. Types of Trafficking and Payment Methods The report highlighted that crypto facilitated a range of illicit activities, including international escort services on Telegram, forced labor placements at scam compounds, prostitution networks, and vendors distributing child sexual abuse material. Stablecoins were the dominant payment method for escort and prostitution networks,…
Prediction marketplace Kalshi has expanded into institutional sports risk management through a new partnership with Game Point Capital, a broker specializing in sports performance bonus insurance. The agreement allows professional teams to hedge potential bonus payouts tied to milestones such as playoff appearances and championship runs. CEO Tarek Mansour said onX; The move follows a record-breaking Super Bowl Sunday, during which Kalshi processed more than $1 billion in trading volume. The company also reported $9.6 billion in total trading activity in January, representing a 45% increase from December. Game Point Capital, which issues hundreds of millions of dollars in sports…
South Korean authorities have launched an investigation after 22 seized Bitcoin vanished from a cold wallet stored at the Gangnam Police Station in Seoul. The missing cryptocurrency, currently valued at approximately $1.5 million, was discovered during a nationwide audit of digital asset custody procedures, according to local media reports. Officials stated that the Bitcoin had been transferred externally, although the physical cold wallet itself was not stolen. The assets were originally submitted voluntarily to authorities in November 2021 during an investigation that has since been suspended following the disappearance. The Gyeonggi Northern Provincial Police Agency is now examining how the…
A U.S. federal court has sentenced the chief executive of Praetorian Group International to 20 years in prison for orchestrating a $200 million bitcoin Ponzi scheme that impacted tens of thousands of investors across the globe. $200 Million Bitcoin Fraud Targeted 90,000 Investors According to the U.S. Department of Justice, Ramil Ventura Palafox operated the firm between December 2019 and October 2021, promoting it as a high-frequency bitcoin trading platform. He claimed the company could generate daily returns ranging from 0.5% to 3%, assurances that later proved to be false. Investigators found that the business did not conduct trading at…
Ark Invest CEO Cathie Wood believes bitcoin is positioned to benefit not only from inflationary pressures but also from a powerful wave of deflation sparked by rapid technological progress. Speaking at a major bitcoin conference in New York, Wood argued that artificial intelligence, robotics, and other exponential technologies are driving costs lower at unprecedented speeds. According to industry data she cited, AI training expenses have been declining by roughly 75% annually, while inference costs — the computing power required to generate AI outputs — have dropped by as much as 98% per year. These steep cost reductions are boosting productivity…
Ark Invest, led by Cathie Wood, added to its positions in several crypto-related companies on Thursday, signaling continued confidence despite recent market weakness. The firm purchased 212,314 shares of Bitmine, an Ethereum treasury-focused company, across three of its exchange-traded funds. Based on the latest closing price, the acquisition was valued at approximately $4.2 million. Bitmine shares closed at $19.74, rising 1.4% on the day, though the stock remains down 36.7% over the past month. Ark also bought 74,323 shares of crypto exchange operator Bullish worth roughly $2.4 million. Bullish ended the session at $31.71, down 0.5% for the day and…
A Connecticut man, Elmin Redzepagic, has been charged with multiple counts of crypto-related fraud after allegedly losing nearly $1 million of investor funds on the offshore gambling site Stake.com. Authorities say Redzepagic posed as a cryptocurrency investor offering high returns while diverting funds to the gambling platform between May 2021 and March 2025. Federal Charges and Potential Penalties Redzepagic faces a 21-count indictment, including three counts of making false statements to IRS Criminal Investigation agents, seven counts of wire fraud, and 11 counts of international money laundering. Wire fraud and international money laundering charges carry up to 20 years in…