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Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestVote to help HTX win & share 300 USDT!SEC charges Donald Basile in $16M crypto fraud tied to ‘insured’ token The US Securities

SEC charges Donald Basile in $16M crypto fraud tied to ‘insured’ token


The US Securities and Exchange Commission has filed a lawsuit against crypto executive Donald Basile, accusing him and two companies he controlled of raising about $16 million from investors through false claims tied to a so-called “insured” crypto token known as Bitcoin Latinum.

In a complaint filed Friday in the US District Court for the Eastern District of New York, the SEC alleged that Basile ran the scheme between March and December 2021 through Monsoon Blockchain Corp. and GIBF GP Inc., offering investors Simple Agreements for Future Tokens (SAFTs) that promised future delivery of the token, according to a report from The Wall Street Journal.

Regulators said hundreds of investors were told the asset was backed and insured, but the SEC alleged no insurance company ever provided coverage or any proof that these claims were true, per the report.

The case marks one of the few SEC enforcement actions under the Trump administration, which has signaled a more crypto-friendly regulatory stance compared to previous administrations.

Related: Crypto market safe harbor lands at White House for review

Crypto funds spent on luxury

The SEC said Basile repeatedly represented that Bitcoin Latinum was an insured, asset-backed cryptocurrency and that investor funds would help support its underlying value. Instead, the complaint alleges, millions of dollars were diverted to personal spending, including real estate purchases, credit card payments and the acquisition of a $160,000 horse.

The regulator is seeking permanent injunctions, repayment of allegedly ill-gotten gains with interest, civil penalties, and a ban on Basile’s participation in securities offerings, according to the WSJ. It also wants an officer-and-director bar preventing him from leading public companies in the future.

SEC charges Donald Basile in $16M crypto fraud tie

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Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestDaily $5000U Airdrop Rain: Claim Yours Now!Bitcoin has lately been gaining significant market attention. The token has been a 

Daily $5000U Airdrop Rain: Claim Yours Now!

Bitcoin has lately been gaining significant market attention. The token has been a solid safe haven asset during such stark times, times when war narratives are changing the geopolitical landscape. In addition to this, the ongoing war witnessed the fall of gold at a time when it should have gained market prominence. In other words, are we witnessing the start of an era where Bitcoin is slowly taking over gold? Here’s what Bitwise Matt Hougan has to say on this.Also Read: Arthur Hayes Is Betting Big on These 2 Assets: Are You In Yet?Bitcoin Vs. Gold: Better Safe Haven?Source: Bitcoin NewsSince the start of the US-Iran War, the world has witnessed a peculiar narrative, the one where BTC won a great deal against gold. Iranians were noted for sorting refuge in the BTC, whereas gold was spiraling down the line, exploring new price lows. Per Matt Hougan, CIO of Bitwise, Bitcoin’s total addressable market now exceeds that of gold, surpassing $34T in numbers. At the same time, BTC is up 12%, with gold at 10% leading the safe haven race.“BITCOIN’S MARKET IS BIGGER THAN GOLD” — BITWISE CIO.Matt Hougan says Bitcoin’s total addressable market exceeds gold’s $34 trillion. Since the Iran conflict started: BTC +12%. Gold -10%. S&P -1%.Bitcoin is less than 4% of the store-of-value market. At 17%, it’s $1 million… pic.twitter.com/hdmTv2ewvs— Bitcoin Archive (@BitcoinArchive) April 16, 2026In addition to this, Hougan went ahead to predict a bold BTC call, stating how the asset is capable of hitting $1M by 2035.“For Bitcoin, we have three big factors. One, we have soaring debt and deficits in the U.S. and in other countries around the world. So we have rising concerns about the risks of fiat debasement. At the same time, we have regulation that has gone from aggressively anti-crypto to aggressively pro-crypto. And we have institutional investors who now have tools

Bitcoin has lately been gaining significant market

On April 18, RaveDAO issued a statement on platform X addressing recent fluctuations in the price of the RAVE token, clearly stating that the team has not engaged in market manipulation and has not in

RaveDAO Responds to Market Concerns: Denies Involvement in RAVE Price Manipulation and Will Explore 

Claim1,200 USDT in the Monthly Creation ChallengeVote to help HTX win & share 300 USDT!Post To Earn BonusWorldcoin price has been on a consistent downtrend since the beginning, while the bulls have be

Claim1,200 USDT in the Monthly Creation Challenge

Worldcoin price has been on a consistent downtrend since the beginning, while the bulls have been exerting pressure at regular intervals. In times when the selling pressure is reducing, the price is down by 11% to $0.282. The token is underperforming a broader market rally and is primarily driven by a ‘sell-the-news’ reaction to its major protocol and high-profile partnerships with Tinder, Zoom, and DocuSign on April 17. 

The WLD price is attempting a recovery after a sharp decline, but the bigger question remains—can this bounce actually hold, or is it just another trap for late buyers? While broader market sentiment shows signs of easing selling pressure, WLD continues to trade below key resistance levels. With price now approaching a crucial zone, traders are watching closely: is a breakout toward $0.30 possible, or will sellers regain control once again?

Worldcoin Stuck in a Strong Descending Trend
Ever since the start of the year, the WLD price has been trading within a descending parallel channel, forming consecutive lower highs and lows. It is following a pattern wherein the recovery is restricted below the previous resistance, and the latest push was also restricted at $0.32. Currently, the price is trying to defend the local support at $0.28, and if it manages to reclaim $0.29, a rise above $0.31 could be imminent. 

Worldcoin Drops 10% Despite Easing Market Pressure

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Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestHTX DAO's First Hackathon Launches! Why is crypto up today? Bitcoin pushes towards $76K despite fakeout risk Crypto today is s

Why is crypto up today? Bitcoin pushes towards $76K despite fakeout risk

Crypto today is sitting at a key level where the next move could be driven by FOMO.

On the technical side, high-cap assets are seeing steady inflows, which is keeping prices stable near key resistance zones.

With the weekend ahead and the stock market closed, crypto could see more inflows. The next 48 hours will be important in deciding whether the market builds a local bottom at these levels.



Why is crypto up today? Bitcoin pushes towards $76

AI hallucinations news moved from courtroom embarrassment to career consequence as the Nebraska Supreme Court ruled to suspend Omaha attorney Greg Lake until further notice, after a court brief he sub

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Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestClaim1,200 USDT in the Monthly Creation Challenge Market Updates: CoinGecko Reports 39% Drop in Q1 CEX Volumes, Arthur Hayes D

Market Updates: CoinGecko Reports 39% Drop in Q1 CEX Volumes, Arthur Hayes Discloses 90% Bitcoin Position, Key Researcher Josh Stark Exits Ethereum Foundation

A fresh analysis from CoinGecko indicates that the cryptocurrency market has entered a sustained "crypto winter" in the first quarter of 2026, reversing much of the momentum seen in late 2025.

According to the report, total crypto market capitalization declined by more than 20% in Q1 2026. Trading activity also weakened sharply. Spot volumes across the top 10 centralized exchanges dropped to $2.7 tril for Saved down from $4.5 trillion in the previous quarter, a steep 39% decline.

Bitcoin reflected this broader weakness, falling 22% over the same period. This came despite having reached an all-time high of roughly $126,000 six months earlier.

Notably, Bitcoin underperformed traditional equity markets during the same period. The NASDAQ Composite declined 7.1%, while the S&P 500 fell 4.8%, marking their weakest quarterly performance since 2022.

Market Updates: CoinGecko Reports 39% Drop in Q1 C

Claim1,200 USDT in the Monthly Creation ChallengeVote to help HTX win & share 300 USDT!Post To Earn BonusBitcoin surged above $78,000 in a sharp short squeeze after Iran declared the Strait of Hormuz 

Bitcoin surged above $78,000 in a sharp short squeeze after Iran declared the Strait of Hormuz fully open and Donald Trump claimed Tehran agreed to an unlimited suspension of its nuclear program.

The rally triggered about $762 million in crypto liquidations, mostly from short positions, with bitcoin accounting for roughly $382 million and ether $167 million, as funding rates had been negative for weeks.

Traders are watching the $76,000 to $78,000 zone as a key resistance area whose sustained break could clear a path toward bitcoin’s $94,000 yearly open and $126,000 record high, while other major tokens also logged solid weekly gains.

Bitcoin falls back to $76,000 as Iran shuts Hormuz

Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestDaily $5000U Airdrop Rain: Claim Yours Now! Why is crypto up today? Bitcoin pushes towards $76K despite fakeout risk Crypto to

Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestClaim1,200 USDT in the Monthly Creation Challenge Market Updates: Circle Sued Over $280M Drift Exploit, Grinex Halts Trading A

Market Updates: Circle Sued Over $280M Drift Exploit, Grinex Halts Trading After $13.7M Hack, Public Miners Dump 32K Bitcoin in Q1 A series of major developments has unsettled the crypto sector today, including legal action against Circle Internet Group, a fresh exchange hack, record Bitcoin sales by miners, and the launch of spot crypto trading services by leading brokerage Charles Schwab.

To begin with, Circle Internet Group faces a class action arising from a major breach involving Drift Protocol. The lawsuit, filed in a Massachusetts federal court by investor Joshua McCollum, represents more than 100 affected participants. The case centers on an April 1 breach that resulted in approximately $280 million in losses. According to the complaint, attackers transferred roughly $230 million in USDC across blockchains over several hours. These transactions allegedly used Circle's Cross-Chain Transfer Protocol (CCTP) to route funds from Solana to Ethereum without interruption.

Market Updates: Circle Sued Over $280M Drift Explo

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