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cryptocurrency market slumped, with Bitcoin (BTC) dropping 2.8% to $118,800 from a $124,457 peak, and Ethereum (ETH) falling 3.1% below $4,640. Altcoins like Solana (SOL), XRP, and Dogecoin (DOGE) saw losses of 4–7%, amid $1.05 billion in liquidations, per posts on X. Total market cap slid 2.4% to $4.1 trillion, driven by macroeconomic fears, profit-taking, and regulatory concerns. A hotter-than-expected …

New York Assemblymember Phil Steck introduced Assembly Bill 8966, proposing a 0.2% excise tax on cryptocurrency and NFT transactions, effective September 1, 2025, if passed. The bill, currently under review by the Assembly’s Ways and Means Committee, aims to fund substance abuse prevention programs in upstate New York schools, leveraging the state’s thriving crypto sector. The tax applies to digital …

Bitcoin (BTC) hovers near the critical $119,000 support level, with traders on edge as the Relative Strength Index (RSI) slips to 47, signaling weakening bullish momentum. This dip follows a retreat from a peak of $123,236, raising concerns about a potential drop to $115,650–$117,650 if the $119K floor breaks, per Cointelegraph and TradingView analyses. Despite technical headwinds, macroeconomic factors offer …

In a landmark anti-fraud operation, global law enforcement, alongside blockchain analytics firms, seized over $300 million in cryptocurrency linked to fraud schemes by August 2025, according to reports from TRM Labs and Chainalysis. The T3+ Global Collaborator Program, launched in September 2024 by TRM Labs, TRON, Tether, and Binance, froze $250 million in illicit assets tied to money laundering, romance …

Czech authorities arrested Tomáš Jiřikovský, a convicted drug trafficker, in Prague, intensifying a probe into a $45 million Bitcoin scandal linked to organized crime. The operation, supported by Europol and international cybercrime units, targets a sophisticated network allegedly laundering illicit funds through cryptocurrencies. Jiřikovský, previously convicted in 2017 for drug trafficking and operating the dark web’s Sheep Marketplace, is accused …