Author: Michael Fawn
Michael Fawn
Michael Fawn is a cryptocurrency journalist and blockchain analyst with a passion for breaking down complex market trends into easy-to-understand insights. Covering everything from Bitcoin and Ethereum to emerging altcoins and Web3 innovation, Michael focuses on delivering accurate, timely, and engaging crypto news for investors and enthusiasts alike. With years of experience following the digital asset industry, Michael keeps readers informed on the latest developments shaping the future of finance.
The cryptocurrency market saw a decline today, May 18, with major assets like Bitcoin and Ethereum experiencing notable price drops.
Bitcoin Depot, formerly North America’s largest bitcoin ATM operator, has filed for Chapter 11 bankruptcy due to stringent state regulations and lawsuits.
Iran’s economy ministry is reportedly developing a bitcoin-based insurance platform, Hormuz Safe, to manage shipping payments and potentially generate revenue.
Polymarket is navigating oracle risks and regulatory scrutiny, with an Israel-Hezbollah ceasefire event raising questions about its operations.
A sharp decline in Bitcoin’s value has led to the liquidation of approximately $660 million in crypto investments, impacting traders and the broader market.
The Verus Ethereum bridge has been exploited, resulting in the loss of approximately $11.5 million due to a forged transfer vulnerability.
Iran is considering a Bitcoin-linked insurance model to cover shipping risks in the strategically important Strait of Hormuz, according to a recent report.
Fundstrat’s Tom Lee suggests rising oil prices are causing investors to sell Ether, impacting its market performance and creating selling pressure.
Reports suggest Iran is considering a platform for ships passing through the Strait of Hormuz to pay fees using Bitcoin.
Fundstrat analyst Tom Lee identified rising oil prices as the primary obstacle for Ethereum, noting their strongest inverse correlation yet.