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Bitcoin Eyes $90K as Binance Buyers Ramp Up

Bitcoin extended its recovery after a 7% surge above $72,000 this week, reclaiming key technical levels and setting up a potential move toward the $90,000 zone as macro sentiment improves. Traders pointed to a constructive setup, with the cryptocurrency nudging past a symmetrical triangle pattern and stabilizing above critical supports, including the $68,000 area where major moving averages converge. Analysts highlighted that maintaining momentum above $70,000 would be essential to unlock the next leg higher, targeting roughly 25% gains to the $90,000 mark if the breakout holds. Meanwhile, on-chain and derivatives activity signaled shifting market dynamics as traders expressed renewed buying conviction. A notable spike in taker buy volume on Binance, the largest crypto exchange by volume, followed a favorable macro development, further reinforcing a bullish tilt among market participants. Key takeaways Bitcoin forms a bullish setup after reclaiming the $72,000 region, with a symmetrica...
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Iran Weighs Crypto Tolls for Strait of Hormuz Shipping

A Financial Times report this week outlined a provocative idea from Iran’s trade sector: charge ships transiting the Strait of Hormuz a tariff paid in Bitcoin. The plan would let empty oil tankers pass without charges, but other vessels would owe a levy of $1 per barrel, settled in BTC, over a two-week window and after an on-waterway assessment to verify the cargo isn’t weapons-related, according to Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union. The story arrives as geopolitical tensions flare and markets react. On X (Truth Social), former U.S. President Donald Trump asserted that a two-week ceasefire with Iran would include the “complete, immediate, and safe opening of the Strait of Hormuz,” a claim that Iran’s state media later echoed by reporting a 10-point plan delivered to Washington as a precondition for any deal, including the continued control of the waterway and sanctions relief. The exact terms of any accord remain fluid, but the...
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MEXC Pursues EU MiCA Compliance Amid New CEO Leadership

MEXC has named Vugar Usi as its new chief executive, signaling a sharpened push for global licensing as the exchange pursues a MiCA authorization in the European Union. The leadership shift appears to be part of a broader brand refresh and a strategic pivot toward an “everything exchange” model in a competitive landscape that spans centralized venues and decentralized rivals. Usi joined MEXC as chief operating officer in late 2025 after previously serving in the same role at rival Bitget. In a conversation with Cointelegraph, he outlined plans to preserve the exchange’s low-fee trading ethos while expanding multi-asset access and reinforcing regulatory compliance across jurisdictions. “The MiCA license application is a top strategic priority for the company,” he said, adding that MEXC is actively preparing to establish a fully compliant business entity within the EU. Key takeaways MEXC elevates COO Vugar Usi to CEO, aligning leadership with a concerted push for global licensing, incl...
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South Korea Tightens Crypto Withdrawal-Delay Exemptions After Scam Losses

South Korea’s financial watchdog is tightening the rules around withdrawal-delay exemptions offered by crypto exchanges, after data showed that scam-linked accounts granted exemptions were responsible for a large share of voice-phishing losses. The Financial Services Commission (FSC), in coordination with the Financial Supervisory Service (FSS) and the Digital Asset eXchange Alliance (DAXA), unveiled a unified framework designed to standardize when users may bypass withdrawal delays. Previously, exchanges could apply their own criteria for exemptions with no clear minimum standard, creating openings for bad actors to move funds quickly if a user met basic thresholds such as account age or trading history. The new regime aims to close those gaps by imposing consistent, objective criteria for eligibility and by bolstering ongoing oversight of exemption recipients. Key takeaways Between June and September 2025, accounts granted withdrawal-delay exemptions accounted for 59% of fraudulent a...
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SEC Enforcement Drops Sharply in 2025 as New Leadership Shifts Agency Focus

SEC Case Count Falls as Agency Resets Enforcement Approach The US Securities and Exchange Commission reported a sharp drop in enforcement activity for fiscal 2025. The agency said it brought 456 enforcement actions through September. That was down from 583 actions in the prior year. The news comes as the SEC changes its enforcement approach under Chairman Paul Atkins. The agency said it now wants fewer volume-driven cases. It said the focus is on fraud, market manipulation, and abuses of trust. Penalty Totals Rise on Old Ponzi Case While Core Remedies Fall The SEC said its latest annual report reflects a different way to judge enforcement work. The agency said past resources were often used to raise case counts. It said that method created the wrong standard for effective enforcement. The SEC also said its annual totals did not include 1,095 matters that were investigated and later closed. Some of those matters involved practices that were fixed without formal charges. The agency used...
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Global Markets Rally on Ceasefire News as Oil Slumps 16% Below $100

This editorial intro summarizes a press release about a proposed two-week ceasefire and its immediate market impact. The release describes a global rally as investors weigh a potential de-escalation path against lasting resolution prospects, a sharp oil price correction below $100 per barrel, and broad moves across asset classes. It quotes Josh Gilbert, Market Analyst at eToro, noting that lower oil prices can ease inflation pressure and support equities, but cautions that two weeks is a temporary window. The piece sets out what readers should watch next as negotiations unfold and the market assesses credibility and duration of any agreement. Key points Markets rallied on news of a proposed two-week ceasefire. Oil prices fell about 16% to below $100 per barrel. Equity futures surged and gold rose above $4,800 as risk appetite improved. Analysts caution that a two-week window is not a lasting resolution and emphasize conditional progress in negotiations. Why it matters The r...
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Bybit Detects and Stops Fake Deposits Saving Over 1B in DOT Funds

Bybit blocked coordinated fake deposit attacks across multiple blockchains, saving over $1 billion in potential DOT losses. The exchange confirmed that no user funds were affected, as its monitoring systems identified and neutralized the threats in real time. Advanced Attacks Target Deposit Systems Bybit reported that attackers used complex transaction methods to simulate fake deposits. These methods targeted how exchanges track and confirm incoming funds. The attacks were carried out across several blockchain networks. One method involved batch transactions. Attackers grouped multiple transfers into one operation. A large transfer failed, while smaller ones succeeded. Some systems may treat the full batch as successful. Another method used multi-step transactions. Attackers changed ownership within the process. This created the appearance of incoming funds. However, there was no real balance increase. These tactics are designed to trick systems that rely on logs. They do not always re...
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