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The CEO of South Korean cryptocurrency exchange Bitsonic, Jinwook Shin, has received a second prison sentence for fraud, intensifying the nation’s crackdown on crypto misconduct. The Daegu District Court sentenced Shin to an additional six months in prison on July 18, 2025, for manipulating Bitsonic Coin (BSC) trading volumes and prices, defrauding investors of 160 million won ($115,000). This follows …

The U.S. Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) have initiated a Crypto Sprint, a collaborative push to implement President Donald Trump’s blockchain agenda, aiming to make the U.S. the global crypto leader. Announced by CFTC Acting Chair Caroline Pham, the initiative aligns with the SEC’s Project Crypto, led by Chair Paul Atkins and Commissioner Hester …

XRP, the native token of Ripple’s payment network, is showing resilience above $3.05, with a 3.57% daily gain to $3.07, despite reported opposition from 42 global banks resisting Ripple’s cross-border payment solutions. AI-driven analysis, including insights from ChatGPT, signals a bullish outlook, with potential for a rally toward $3.15-$3.50 if key levels hold, fueled by strong technicals and growing network …

The White House is set to issue an executive order targeting banks that unfairly deny services to cryptocurrency firms, a move to bolster the U.S. crypto industry. The directive, reported by The Wall Street Journal, aims to curb de-banking practices where banks close accounts or refuse services to crypto businesses without clear justification, stifling innovation. The draft order instructs regulators, …

The Commodity Futures Trading Commission (CFTC) has unveiled a groundbreaking proposal to allow spot cryptocurrency trading on regulated futures exchanges, a move set to reshape the U.S. crypto landscape. Announced by Acting Chair Caroline Pham, the initiative enables Designated Contract Markets (DCMs) like CME Group and Cboe to offer spot trading for assets like Bitcoin and Ethereum alongside existing futures, …