Micah Zimmerman

2 weeks ago | crypto.news | Micah Zimmerman

Share U.S. stocks fell sharply Friday as escalating military conflict between Israel and Iran sent oil prices soaring and investors retreating from risk assets. The Dow Jones Industrial Average closed down 1.79%, while the S&P 500 closed down 1.13% and the Nasdaq lost 1.30%. Israel launched strikes on Iran’s nuclear and missile facilities late Thursday evening, prompting retaliatory missile launches from Iran during the final hours of Friday’s U.S. trading session.

2 weeks ago | crypto.news | Micah Zimmerman

Share Coinbase is raising red flags about the financial health of publicly traded crypto vehicles, cautioning that debt-related obligations could soon force some firms to liquidate their crypto holdings. In a report from Coinbase, the firm emphasized concerns around refinancing risks and loan-to-value ratios, but said most large firms still have options to avoid liquidation.

2 weeks ago | crypto.news | Micah Zimmerman

Share India’s Income Tax Department has launched a fresh crackdown on potential tax evasion and money laundering tied to virtual digital assets, including cryptocurrencies. According to government officials and local reporting, the department has identified individuals and entities engaging in crypto transactions who failed to comply with the Income Tax Act, 1961.

2 weeks ago | crypto.news | Micah Zimmerman

Share Aleksei Andriunin, founder and CEO of crypto market maker Gotbit, has been sentenced to eight months in prison for his role in a multi-million-dollar wash trading scheme that inflated trading volumes for various cryptocurrencies. The sentencing was handed down by U.S. District Court Judge Angel Kelley in Boston, following Andriunin’s guilty plea in March 2025 to wire fraud and conspiracy to commit market manipulation.

2 weeks ago | crypto.news | Micah Zimmerman

Share Invesco and Galaxy Digital have registered a trust in Delaware for a proposed Solana exchange-traded fund, marking one of the introductory steps toward launching a spot Solana exchange-traded fund in the United States. The registration, listed as “Invesco Galaxy Solana Trust,” does not guarantee a listing or approval but allows the firms to move forward with regulatory filings.