and the distribution of digital products.
Hong Kong police have broken up a money‑laundering ring that moved 15 million through more than 550 accounts and crypto trades. Twelve suspects, aged 20 to 40, were arrested in operations across mainland China and Hong Kong. They now face charges of conspiracy to commit money laundering, Hong Kong Commercial Daily reported on May 17.
Key points:
Ether price rose 3% to $2,550 on May 18, triggering $22 million in short ETH liquidations.
Bitcoin prices have registered impressive gains in recent weeks amidst an ongoing price rebound. Since dipping below the $75,000 mark in mid-April, the asset’s price has jumped by over 37.5% to trade as high as $105,490.
While the BTC market appears to be cooling off, renowned crypto analyst Ali Martinez has tipped the premier cryptocurrency to hit a market top of $120,000 before the current bull cycle runs out.
The Bitcoin price struggled to keep up its 2024 momentum in the first quarter of 2025, crumbling under the macroeconomic uncertainty in the United States. While the crypto market looked set to continue its woes in early April, prices are looking to reclaim their cycle highs — thanks to the improving market climate.
Bitcoin can soon cross the $200K mark due to rapidly contracting supply. Matt Hougan, the chief investment officer of Bitwise, said that the king cryptocurrency can hit the milestone by the end of 2025, considering demand and supply.
Cardano is back in the headlines with fresh price predictions suggesting it could hit $10 by 2031.
Ethereum is surging, Bitcoin is aiming for the $120K mark, and suddenly crypto is alive again.
Market watchers are calling for an altcoin season revival, and early signs are everywhere.Dogecoin whales are on the move, gobbling up over $1B Dogecoin over the past month, while XRP has staged a sharp V-shaped rally. Together, these events are creating the perfect cocktail for retail FOMO.