Bitcoin Buckles Below $69K as Crypto Bulls Endure $175M Liquidations
Bitcoin is showing resilience despite the slip, but the corrective period might continue for a while before a return to growth, one observer noted.
Posts published on April 9, 2024 go to media archive 2/3
Blockchain Developer Monad Labs Raises $225M Led by Paradigm
The company is looking to offer an Ethereum-compatible environment that's faster than the original.
The U.S. Needs To Lead in Bitcoin, Says Congressman Patrick McHenry
At the Bitcoin Policy Summit in Washington DC today, U.S. Congressman Patrick McHenry (R-NC) emphasized the importance of the United States taking a leadership role in Bitcoin and not lagging behind in during a fireside chat with Club for…
Japanese Firm Metaplanet to Add $659M in Bitcoin to Its Treasury, Shares Soar 90% in Response
According to the latest figures, Metaplanet, a company listed on the Japanese stock exchange, witnessed its share price soar by nearly 90% in just one day. This significant jump came on the heels of the company’s announcement regarding its…
Crypto Founder Warns Of Burgeoning Bitcoin Fire Sale, Here’s What It Means
Authur Hayes, the co-founder and former Chief Executive Officer (CEO) of cryptocurrency exchange and trading platform, BitMEX has released another blog post, predicting a major fire sale and a potential price decline for Bitcoin, the world’s…
Solana-Based Zeta Markets Debuts Governance Token Z
The launch of governance token is part of a broader strategy that involves plans to release Solana's first layer 2 scaling solution, Zeta Markets said in the press release.
Key Congressman McHenry Is Bullish U.S. Stablecoin Law Will Pass This Year
The window is narrowing for legislation to set up rules for stablecoin issuers in 2024, but the retiring chairman of the House Financial Services Committee says it can be done.
WATCH: The Bitcoin Policy Summit is Happening Now in Washington, DC
The second annual Bitcoin Policy Summit by the Bitcoin Policy Institute begins today in Washington, DC and features leading bipartisan lawmakers, Bitcoin experts and human rights advocates. Congressional representatives include Cynthia Lummis…
Shiba Inu (SHIB) Price On The Verge Of Major Breakout, Here’s Why
Since reaching its peak for the year at $0.00004749 over a month ago, on March 5, the price of Shiba Inu (SHIB) has fallen by approximately 40%. Nonetheless, there may be brighter days ahead. Following a meteoric rise of 390% in just eight days…
Cardano Slips to 10th Position, Underperforming in a Surging Crypto Market
After holding a leading spot among the top cryptocurrencies for years, cardano (ADA) has recently been relegated to the tenth position. This shift occurred as toncoin (TON) ascended, surpassing the market capitalization of cardano. Toncoin…
SUI Slips After Hitting All-Time High: TVL Tumbles 12% – Token Price In The Gutter?
The burgeoning world of Decentralized Finance (DeFi) has witnessed a rollercoaster ride for newcomer Sui, a Layer 1 blockchain designed to scale DeFi applications. After a stellar start to 2024, Sui’s Total Value Locked (TVL) – a metric…
Pompliano, Ex-Journo Melinek Spin Up 'Token Relations' Startup for Blockchain Firms
The media startup will offer a "third bucket" of information to crypto startups' stakeholders.
First Mover Americas: BTC Drops to $70K, TON Rallies
The latest price moves in bitcoin (BTC) and crypto markets in context for April 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Ark Invest’s ETF Holds Unique ‘Bitcoin Puppet’ NFT Worth Over $27,000
VeChain On The Edge: Insider Says VET Will Reach The Finish Line
A self-acclaimed VeChain (VET) insider has made a bold claim about the token’s price. The insider suggested that VET’s tepid price action is a strategic ploy by the team, and the token will eventually make a parabolic rise when the time comes. …
Financial Stability Study Calls for Consistent Regulatory Response to Stablecoins
Countries have varying definitions and categorizations for stablecoins that may pose a risk to financial stability, the report by the Financial Stability Institute said.
The Next MicroStrategy? Japanese Public Company Is Buying Bitcoin
Japanese firm Metaplanet announced it is purchasing 1 billion yen (about $6.5 million) worth of Bitcoin as part of its corporate treasury strategy, a move that mimics MicroStrategy's high-profile Bitcoin accumulation.Metaplanet, a publicly traded…
Bitcoin Layer 2 Mezo Emerges From Stealth With $21M Raise Led by Pantera
Mezo is a permissionless Bitcoin economic layer that uses a neutral smart contract infrastructure to offer a wide range of applications.
Crypto.com Obtains Full Dubai Operational License
Singapore-based crypto platform Crypto.com has received full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA) for its local entity, CRO DAX Middle East FZE.
Fantom Cofounder Mulls Idea for 'Safer' Meme Coins
Fantom's Cronje is the latest in a line of blockchain teams that are open to directly engaging with memecoins.
‘Garbled Circuits’ Enable Transactional Confidentiality, Encourage Enterprise Web3 Adoption — COTI Co-Founder
According to Shahaf Bar-Geffen, CEO of the privacy-centric Layer 2 network COTI, enterprises and mainstream organizations are not yet fully convinced of the benefits of complete privacy or true anonymity in any system. Bar-Geffen said the primary…
Stablecoins Are Seeing Adoption as a Cross-Border Settlement Mechanism: Bernstein
Solana is leading the field in blockchain payments, but the network has scalability issues, the report said.
Bitcoin Supply Inactive for a Year Slides to 18-Month Low of 65.8%
The decline likely represents profit-taking by investors who held coins for one year and over and marks a shift from the holding strategy seen through 2023.
Filecoin Bull Run On The Horizon? Analyst Sees 250% Surge
Filecoin (FIL), a decentralized data storage network, has experienced a recent surge in value, grabbing the attention of cryptocurrency analysts. The price increase, coupled with bullish analyst predictions, has ignited optimism for FIL’s…
Metaplanet Shares Soar as Japanese Firm Mimics MicroStrategy on Bitcoin Buying
Metaplanet began as Red Planet Japan, a budget hotel operator, before pivoting to become a Web3 developer.
Ghanaian Fintech Startup Zeepay Secures $3 Million Equity Investment
The Ghanaian fintech startup Zeepay recently secured a $3 million equity investment from the venture capital firm, Verdant Capital Hybrid Fund. Zeepay plans to use the raised funds to bolster its standing as it prepares for significant growth in…
Filecoin Liquid Staking Platform STFIL Claims Team Members Under Investigation by Chinese Police
Tokens on the platform were moved to an "unknown, external address" last week while its team members were under detention.
Solana Meme Coin Generator Pump on Track for $66M Yearly Revenue
The tool has made over $5 million since going live in early March, with thousands of tokens issued daily.
Bitcoin Could Slump Around Reward Halving Time, Arthur Hayes Says
The crypto market faces the U.S. tax season liquidity test around the time Bitcoin's blockchain implements the fourth mining-reward halving on April 20.