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U.S. President Donald Trump’s nominee to run the Commodity Futures Trading Commission, Mike Selig, told senators in his Wednesday confirmation hearing that he’ll champion the president’s intention to set a U.S. path for crypto regulation.The Senate Agriculture Committee, which oversees the CFTC that will be a leading U.S. regulator for crypto, weighed Selig’s nomination, and Chairman John Boozman asked about digital asset oversight in his first question.”The CFTC has a critical mission to protect these markets,” Selig said. He told the lawmakers, “This is a real opportunity to develop a framework that can allow for software developers to thrive, for…

Bitcoin’s price has recently plummeted below $89,000, continuing a downward trajectory that has seen the cryptocurrency fall approximately 5% since the start of 2025. This decline comes as the Federal Reserve released minutes from its latest meeting, highlighting a careful approach to interest rate adjustments due to the economic risks on both sides. Analysts suggest that market dynamics could push Bitcoin lower in the coming months, as investor sentiment remains cautious amidst financial policy uncertainties. The Federal Reserve’s minutes indicate that while the U.S. economy displays signs of resilience, potential challenges lie ahead, necessitating a careful balance in monetary policy.…

In brief The U.S. Treasury has placed sanctions on “drug kingpin” Ryan James Wedding, nine of his associates, and nine entities linked to him. Wedding is a former Canadian Olympic snowboarder who FBI Director Kash Patel says is now “the modern-day iteration of Pablo Escobar.” The ex-Olympian’s crime gang is believed to be a transnational cocaine empire, with Wedding allegedly ordering “dozens” of murders. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Wednesday placed sanctions on “drug kingpin” Ryan James Wedding, nine of his associates, and nine entities linked to him.The Federal Bureau of Investigation…

Bitcoin’s recent decline is being driven by mid-cycle holders, not long-term whales, according to new on-chain research from VanEck analysts. The firm noted in a recent report that long-term holders continue to accumulate while short-term futures markets show deeply oversold conditions following tariff-driven liquidations. Despite widespread speculation that early Bitcoin whales triggered the selloff, on-chain data shows that coins held for five years or more continue to rise.  These older cohorts increased their holdings by roughly 278,000 BTC over the past two years, signaling limited turnover among wallets with the longest histories. In contrast, supply among wallets that last moved…

In brief Zcash treasury firm Cypherpunk Technologies bought another $18 million worth of ZEC. The privacy coin has recently surged in value by 15x since the start of September. Cypherpunk’s stock is up 469% over the last month, following the Zcash pivot. Long-running privacy coin Zcash (ZEC) has continued its recent surge, rising 31% over the last week even as Bitcoin, Ethereum, and other major coins are deep in the red—and now a publicly traded treasury firm said it has amassed even more of the rising cryptocurrency.Cypherpunk Technologies (Nasdaq: CYPH) announced Wednesday that it has purchased an additional 29,869.29 ZEC…

Key Takeaways A viral prediction claims Bitcoin will hit $220,000 within 45 days. Market analysts warn of a potential new bear market. The prediction has received massive pushback from the community. A social media personality, self-proclaimed the “World’s Highest IQ Record Holder,” has predicted that Bitcoin’s price will surge to $220,000 within the next 45 days. The bullish comments have drawn significant skepticism and criticism from the community, as market analysts warn that key technical indicators point to the start of a new downturn. Try Our Recommended Crypto Exchanges Sponsored Disclosure We sometimes use affiliate links in our content, when…

The Republic of the Marshall Islands announced that it would allow citizens to access funds through a government-issued digital asset as part of the nation’s Universal Basic Income (UBI) program.In a Wednesday announcement shared with Cointelegraph, the government of the island nation said it had launched a digital wallet called Lomalo, which will utilize the US dollar-pegged stablecoin USDM1 to enable citizens to access the UBI program. According to the government, the first disbursement of funds will occur in late November, allowing citizens to access them through their wallet, by physical check, or via direct deposit.“By introducing a secure digital…

For more than a decade, the DeFi sector has operated on a fractured promise. The theoretical pitch of a fairer, more accessible global financial system has consistently crashed against the rocks of practical reality.In practice, DeFi has delivered a user experience defined by hostility of confusing interfaces, punitive gas fees, risky workflows, and the terrified clutching of seed phrases. It created a system where only the technically literate or those willing to take risks dared to tread, leaving the vast majority of the world’s savers on the sidelines.But the launch of Aave’s new mobile savings application marks a distinct departure…

Schiff argues Bitcoin’s slide versus gold exposes the ‘digital gold’ narrative as a fraud and will eventually drive investors to sell. Long-term Bitcoin critic Peter Schiff is back again, this time saying the flagship cryptocurrency’s latest dip is worse when priced in gold. He also predicts that BTC could surrender all its 2025 gains if the current trend continues. BTC’s Downturn Is Worse Than It Seems Schiff claimed in a November 18 post on X that Bitcoin has lost 40% of its value when measured against gold. He added that its decline relative to the metal exposes the “digital gold”…

Canada’s government managed to pass its federal budget in parliament that would — among many other things — institute a stablecoin policy.Parliament narrowly passed Prime Minister Mark Carney’s first budget on Monday evening. Deep in the lengthy document is a section that would govern the issuance of stablecoins, overseen by the Bank of Canada. There remain other procedural hurdles for the budget’s specific provisions, but this marked a major win for the new government. In an echo of many of the points from the recent U.S. law regulating issuers of U.S. dollar-backed stablecoins, issuers in Canada must maintain one-to-one reserves…