Bitcoin Bulls Crushed: $500 Million Liquidation Shakes Market Confidence
Bitcoin investors recorded heavy losses this week following the largest long position liquidation in the current bull market. On April 6, more than 7,500 BTC with a value exceeding $500 million were erased across prominent trading exchanges as…
21Shares Files for Dogecoin ETF in U.S. as Crypto Market Eyes Institutional Momentum
Key Takeaways: 21Shares has officially filed an S-1 with the SEC to launch the first Dogecoin ETF in the U.S. The ETF will track DOGE via the CF Dogecoin-Dollar Settlement Price, with Coinbase as custodian. The action comes after Dogecoin’s…
Sweden Discusses Possibility of Including Bitcoin in Foreign Reserves
In a written inquiry to Minister of Finance Elisabeth Svantesson, MP Rickard Nordin asked about the possibility of including bitcoin as part of Sweden’s foreign reserves. Nordin also proposed funding it with bitcoin seized by police and…
Crypto trading firm warns of 'classic bull trap' as Bitcoin tags $82.7K
Bitcoin (BTC) risks becoming part of a “classic bull trap” when the US-China trade war takes its next step, analysis warns.In its latest bulletin to Telegram channel subscribers on April 10, trading firm QCP Capital cautioned over the…
Binance Launches Second Round of “Vote to Delist” to Involve Community in Token Reviews
Key Takeaways: Binance opens second round of community-driven “Vote to Delist” campaign from April 10 to April 16. Users can vote on tokens flagged with the Monitoring Tag, potentially influencing delisting decisions. Delisting outcomes will also…
How USDT mints and burns move with Bitcoin price cycles
Over the past decade, issuance of Tether’s USDt (USDT) has consistently mirrored Bitcoin (BTC) price cycles, with mints often clustering around bull runs and burns following corrections.Data from Whale Alert shows the relation between USDT…
Jack Dorsey pushes Signal to adopt Bitcoin payments
Jack Dorsey, a cryptocurrency entrepreneur and former Twitter CEO, is encouraging Signal Messenger to integrate Bitcoin for peer-to-peer (P2P) payments, a move that could shift the platform’s crypto strategy away from altcoins.“Signal…
Ukraine Proposes New Crypto Tax Regime With Up to 23% Personal Income Tax, Stablecoins Exempt
Key Takeaways: Ukraine is considering a new tax regime that would impose up to 23% personal income tax on crypto gains. Stablecoins are exempt from the new tax because they are not speculative. The proposal is aimed at being compliant with the…
Dogecoin Bullish Divergence Plays Out, Analyst Maps Next Price Targets
Dogecoin’s momentum has shifted dramatically following macroeconomic developments and a series of strong technical signals, according to crypto chartist Kevin (@Kev_Capital_TA). Yesterday, the broader crypto market surged after President Donald…
NFT Marketplace Magic Eden Expands as Multi-Chain Crypto Platform With Acquisition of Slingshot
Magic Eden has announced its acquisition of Slingshot, an app designed to facilitate trading across multiple blockchains using a single, universal account balance. This acquisition aims to simplify the onchain trading experience, which currently…
Paul Atkins Officially Confirmed as New SEC Chairman in Time of Regulatory Crossroads
Key Takeaways: Paul Atkins officially confirmed as new SEC chairman Known for market-friendly, deregulatory views His appointment comes as cryptocurrencies face mounting pressure to be regulated Market reacts with cautious optimism A Strategic…
Synthetix USD stablecoin loses dollar peg, drops to 5-year low of $0.83
The Synthetix protocol’s native stablecoin, Synthetix USD (sUSD), fell to its lowest value in five years, extending a months-long struggle to maintain its $1 peg.The asset has faced persistent instability since the start of 2025. On Jan. 1…
Florida Takes Bold Step to Add Bitcoin to State Treasury Reserve
Key Takeaways: A Florida Senate Bill 487 proposes allowing the state treasury to hold part of its reserves in Bitcoin. The bill will be subject to a first public hearing on April 10, 2025. If passed, Florida will be the first U.S. state to directly…
Bybit recovers market share to 7% after $1.4B hack
Bybit’s market share has rebounded to pre-hack levels following a $1.4 billion exploit in February, as the crypto exchange implements tighter security and improves liquidity options for retail traders.The crypto industry was rocked by its…
USDT0 Goes Live on Sei Network: A New Era of Unified Stablecoin Liquidity
Key Takeaways: Now USDT0 is natively deployed on Sei Network, the omnichain version of USDT. With this integration, users experience rapid, low-cost DeFi transactions powered by LayerZero’s OFT standard. Sei gets deep, composable USD₮ liquidity to
China Asks Banks to Curb Dollar Purchases as Yuan Hits Multi-Year Low
China seeks to maintain the stability of the yuan in the face of the current tariff war, informally asking state banks to stop their dollar purchases. According to Reuters, these institutions would also ramp up controls on customers’ dollar…
XRP Price Forms Rounded Bottom Within Descending Channel, Target Set Above $3
Despite breaking above $3 earlier this year, the XRP price has since gone on to disappoint investors with multiple crashes that have rocked the altcoin. This has seen the cryptocurrency lose almost 50% of its acquired value between late 2024 and…
OpenAI Counter-Sues Elon Musk, Accusing Him of Spreading Misinformation
OpenAI has announced a counter-lawsuit against Elon Musk, alleging that his ongoing actions against the organization are bad-faith tactics aimed at undermining its operations and seizing control of its AI innovations for personal gain. In a…
EU Regulator: Crypto Assets Pose No Significant Risk to Financial Stability
The securities regulator believes that crypto assets currently pose a minimal risk to financial stability due to their relatively small size and limited integration with traditional financial systems. Crypto Assets 1% of Global Financial Assets The…
Solana (SOL) Jumps But Smacks Into $120 Resistance Wall—Can It Break Through?
Solana started a fresh increase from the $100 support zone. SOL price is now consolidating and might struggle to clear the $120 resistance zone. SOL price started a fresh increase above the $105 and $112 levels against the US Dollar. The price is…
Crypto stocks see big gains alongside US stock market rebound
Crypto stocks have surged as part of a broader recovery in the US stock market on April 9 following President Donald Trump’s 90-day pause on sweeping global tariffs.The Wednesday, April 9 trading day closed with Michael Saylor’s…
OpenSea urges SEC to exclude NFT marketplaces from regulator’s remit
Non-fungible token marketplace OpenSea has urged the US Securities and Exchange Commission to exclude NFT marketplaces from regulation under federal securities laws.The SEC needs to “clearly state that NFT marketplaces like OpenSea do not…
81.6% of XRP supply is in profit, but traders in Korea are turning bearish — Here is why
XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP (XRP) dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates that 81.6% of…
Bitwise doubles down on $200K Bitcoin price prediction amid trade tension
Institutional crypto investment firm Bitwise has doubled down on its big Bitcoin price prediction for this year despite escalating global trade tensions.“In December, Bitwise predicted that Bitcoin would end the year at $200,000. I still…
Metaplanet Gets First Third-Party Research Coverage From Storm Research
Japanese bitcoin treasury firm Metaplanet received its first third-party coverage by an equities research company when it was featured in a report on Monday by UK-based Storm Research. The boutique equities research shop founded in 2009…
Ether’s (ETH) most recent sell-off saw it lose the crucial $1,500 support level, and a number of technical indicators suggest that ETH may witness a deeper correction before embarking on a sustained recovery.Data shows Ether’s price…
Bitcoin Battles Tariff Turmoil: Can the 2-Year Realized Price Hold the Line?
Bitcoin has felt the impact of the ongoing global tariff tensions, with little to no upward momentum. The asset appears to have paused its bull run, dampening investor expectations for a near-term recovery. Currently trading just above $77,000, BTC…
Magic Eden acquires crypto trading app Slingshot to move beyond NFTs
Solana non-fungible token (NFT) marketplace Magic Eden has acquired crypto trading app Slingshot as part of a strategy to expand beyond NFTs as other marketplaces fold amid a prolonged market downturn.The move expands Magic Eden's support to more…
SafeMoon boss cites DOJ’s nixed crypto unit in latest bid to toss suit
Braden John Karony, the CEO of crypto firm SafeMoon, has cited the US Department of Justice’s directive to no longer pursue some crypto charges in an effort to get the case against him and his firm dismissed. In an April 9 letter to New…
XRP Price Eyes $2.0 Breakout—Can It Hold and Ignite a Bullish Surge?
XRP price started a fresh increase above the $1.850 resistance. The price is now consolidating and must settle above $2.00 for more gains. XRP price started a fresh increase above the $1.850 and $1.950 levels. The price is now trading above $1.90…
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