Police in the United Kingdom (UK) can now seize crypto assets from suspects without making any arrests. New legislation came into effect on Friday giving additional crypto-related powers to the UK’s National Crime Agency (NCA) and police, according to a new government announcement. The announcement notes that the expanded powers will enable authorities to seize crypto from “sophisticated criminals” who remain anonymous or are based overseas. Police will also be empowered to seize physical items related to crypto investigations like flash drives and written passwords. UK police are now also al ..read more

The chief legal officer of crypto exchange Coinbase says that Ethereum (ETH) is a commodity as decentralized finance (DeFi) firm Consensys launches a lawsuit against the U.S. Securities and Exchange Commission (SEC). In a new post, crypto lawyer Paul Grewal affirms that the top smart contract platform is a commodity rather than a security and praises Consensys for standing up to the SEC’s “unlawful expansion of authority.” “I know ETH is a commodity. You know ETH is a commodity. The CFTC (Commodities Futures Trading Commission) knows ETH is a commodity. It’s time for the SEC to admit that it ..read more

A widely followed crypto analyst is issuing a warning that the altcoin market is about to implode against Bitcoin (BTC). In a new video update, crypto strategist Benjamin Cowen tells his 800,000 YouTube subscribers that the TOTAL3 chart, which tracks the market capitalization of all altcoins minus Ethereum (ETH) and stablecoins, looks bearish against Bitcoin. According to Cowen, the weakness of altcoins against Bitcoin suggests that alts may witness a collapse in the coming weeks. “A majority of the altcoins are still putting in new lows on their Bitcoin pairs and to find ones that are not, y ..read more

A closely followed crypto strategist is predicting an explosive rally later this year for one Ethereum (ETH) competitor. Pseudonymous analyst Altcoin Sherpa tells his 215,500 followers on the social media platform X that Solana (SOL) could soar 267% from its current value. “SOL: averaging into SOL is never a bad idea in my opinion. I think this goes to $500+ later this year. Anywhere from $130-$110 would be a gift (not quite expecting that yet).” Source: Altcoin Sherpa/X Looking at the trader’s chart, the key Fibonacci levels he is watching closely for a possible retest are $138 and $116. Sol ..read more

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a top-20 altcoin by market cap. The analyst pseudonymously known as Bluntz tells his 257,300 followers on the social media platform X that Ethereum (ETH) competitor NEAR Protocol (NEAR) is currently outperforming other crypto assets. “Love how NEAR just keeps plodding along making fresh highs while everything else has stalled out and continued accumulating. This is hands down a market leader right now, will definitely be one of the first to make fresh highs.” Source: Bluntz/X Based on Bluntz’s eight-hour ch ..read more

A cryptocurrency analyst and trader is warning that Bitcoin (BTC) may see another move to the downside in the next two weeks. The analyst pseudonymously known as Rekt Capital tells his 74,300 YouTube subscribers that the current Bitcoin correction may be mirroring its 2016 halving price action when BTC witnessed two corrective waves: one before the halving and another after the halving. According to the analyst, the historical precedent suggests that it is within the realm of possibility for BTC to witness another pullback within weeks after the most recent halving. “If you look at these halv ..read more

HodlX Guest Post  Submit Your Post   Cryptocurrencies have emerged as a pivotal conversation in the 21st century, and it comes as no surprise given their transformative potential and widespread implications. For many, they seem like a beacon of hope, offering a sanctuary for investments when traditional financial assets stumble. It’s only logical that the ultra-wealthy have eagerly embraced the crypto wave – they have the most at stake. Merrill Lynch and Wells Fargo, two of the largest American banks, are now beginning to offer Bitcoin ETFs to their rich clients. But here’s the ..read more

A popular crypto trader says a liquid staking service for the Ethereum (ETH) blockchain is flashing a short-term bullish signal. The analyst Ali Martinez tells his 60,600 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator recently presented a buy signal on Lido DAO’s (LDO) 3-day chart. “If LDO can hold above $1.85, we could see it rebound toward $3!” Source: ali_charts/X Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles. LDO is trading at $2.05 at tim ..read more

US regulators just announced the first bank failure of 2024. The FDIC says it has stepped in to protect $6 billion in assets and $4 billion in customer deposits at Philadelphia-based Republic Bank. The assets will be immediately handed over to Fulton Bank, a former rival that’s also located in Philadelphia. “Republic Bank’s 32 branches in New Jersey, Pennsylvania and New York will reopen as branches of Fulton Bank on Saturday (for branches with normal Saturday hours) or on Monday during normal business hours. This evening and over the weekend, depositors of Republic Bank can access their mone ..read more

Two US Senators are writing a bipartisan letter to federal agencies about the potential use of crypto assets by child abusers. According to a new press release, Senator Elizabeth Warren, a Democrat from Massachusetts, and Senator Bill Cassidy, a Republican from Louisiana, say in the letter that digital assets are the “payment of choice” for explicit materials involving children. The letter was sent to both the Department of Justice (DOJ) and the Department of Homeland Security (DHS). In the letter, the Senators detail their concerns over the anonymity of crypto assets and their illegal use in ..read more