News

Backpack Begins Customer Claims Process for FTX EU Funds

Backpack, the firm that acquired the European arm of bankrupt exchange FTX for $32.7 million, has initiated the claims process for customers to...

Japanese Bank SMBC Collaborates with Ava Labs for Stablecoin Launch

Sumitomo Mitsui Financial Group (SMBC), Japan’s second-largest bank, is developing a stablecoin with Ava Labs and Fireblocks. This initiative...

Justin Sun Provides Bailout for TrueUSD Amid $456 Million Reserve Issues

Justin Sun provided emergency liquidity support to Techteryx's TrueUSD stablecoin after nearly $456 million of its reserves became illiquid. The...

Shiba Inu Burn Rate Soars 104,201% with Over 115 Million SHIB Burned

The Shiba Inu (SHIB) burn rate has surged by 104,201%, with over 115 million tokens removed from circulation in the last 24 hours. This increase...

Dogecoin Analysts Predict Potential 100% Price Rally Ahead

Dogecoin's price is at a critical juncture after retesting a multi-year trendline. Chartists Crypto Balo and Cas Abbé suggest a potential breakout...

Bitfarms Secures Initial $300 Million Debt Facility for HPC Data Center

Bitfarms (BITF) has secured an initial agreement for a private debt facility of up to $300 million with Macquarie Equipment Capital, Inc. ...

Grayscale Launches Two Bitcoin ETFs for Income Generation Through Volatility

Grayscale has launched two new exchange-traded funds (ETFs) on the New York Stock Exchange: Bitcoin Covered Call ETF (BTCC) Bitcoin Premium Income...

Japanese Banking Giant SMBC Partners with Ava Labs to Explore Stablecoin Development

Sumitomo Mitsui Financial Group (SMBC) is entering the stablecoin market, collaborating with Ava Labs, Fireblocks, and TIS to explore...

US Treasury to Disclose Crypto Holdings While SEC and Gemini Seek Resolution

A significant shift is occurring in the U.S. cryptocurrency market, highlighted by two key developments: The U.S. Treasury Department will disclose...

CoinDesk 20 Index Declines 1.0% as AAVE Drops 5.3%

CoinDesk Indices provides a daily market update on the CoinDesk 20 Index. The CoinDesk 20 is currently at 2547.72, a decrease of 1.0%...

China May Reconsider Crypto Stance Following U.S. Bitcoin Reserve Formation

Grayscale's recent report highlights potential shifts in global Bitcoin adoption influenced by the U.S. Strategic Bitcoin Reserve initiated by the...

Solana Policy Institute Announces Leadership Appointments from Blockchain Association and DeFi Fund

Miller Whitehouse-Levine, former CEO of the DeFi Education Fund, has launched the Solana Policy Institute, with Kristin Smith of the Blockchain...

Avara Simplifies Family Wallet with Email and SMS for User Access

Avara, the parent company of the decentralized finance platform Aave, has enhanced its Family Wallet by replacing traditional seed phrases with...

$80,000 Bitcoin Put Option Becomes Most Popular Bet on Deribit

Recent shifts in sentiment within the crypto market are evident from Deribit's options market. The $80,000 bitcoin (BTC) put option has become the...

Bitcoin Price Rises to $85,020 as Analysts Target $100,000

Bitcoin prices rose to $85,020, a 1.2% increase, reversing recent downward trends. The cryptocurrency is testing a key resistance level established...

CME Group Reports Record $11.3 Billion in Crypto Derivatives Volume

CME Group reported record activity in its cryptocurrency derivatives markets in Q1 2025. Average daily volume for crypto products reached 198,000...

Ethereum Faces Selling Pressure as Whales Offload 760,000 ETH

Ethereum is experiencing significant challenges, driven by: Whales sold approximately 760,000 ETH in two weeks, contributing to price weakness....

Bitcoin and Ethereum ETFs See $222 Million Outflows Ahead of Tariff Day

On April 2, investors withdrew $222 million from US Bitcoin and Ethereum ETFs in anticipation of new tariffs announced by President Trump. Key...

Metaplanet Acquires 160 BTC, Achieves 95.6% Yield in Q1

Japanese hotel company Metaplanet (3350) has acquired an additional 160 BTC for approximately $83,600 each, totaling an investment of $13.4...

Bitcoin Holds Steady Amid Anticipation of Trump's Tariff Announcement

Markets are on edge as President Trump's "Liberation Day" approaches, with anticipated announcements regarding U.S. tariffs. Commerce Secretary...

Bitcoin Price Drops Over 22% from All-Time High, Analysts Weigh In

Bitcoin is currently down over 22% from its all-time high, with concerns rising regarding a potential bear market. Analysts are divided on the...

Less than Half of Non-U.S. BlockFi Customers Claim Assets Before Deadline

BlockFi reported that under half of its non-U.S. customers have claimed their assets back before the May 15 deadline. Key points include: BlockFi...

BlackRock Achieves Registration on UK Financial Conduct Authority Crypto Register

BlackRock has successfully registered with the UK's Financial Conduct Authority (FCA) for its crypto register. This allows BlackRock to act as an...

Ripple Labs Locks 700 Million XRP in Escrow After SEC Lawsuit Resolution

Ripple Labs Inc has placed 700 million XRP in escrow as part of its strategy to manage supply, following the resolution of a lawsuit with the US...

Ether Displays Downtrend Exhaustion Ahead of Trump's Tariff Announcement

President Donald Trump is set to announce reciprocal tariffs that may impact financial markets, including cryptocurrencies. Ahead of this, signs of...

EOS Price Surges 20% Following Vaulta Banking Council Announcement

EOS has experienced a nearly 20% price increase in the last 24 hours, reaching $0.8147 and surpassing a market capitalization of $1 billion. The...

CertiK Reports $1.67 Billion in Crypto Hacks During Q1 2025

CertiK reported that hackers stole $1.67 billion in cryptocurrency during Q1 2025, marking a 303% increase from the previous quarter. This amount...

Sony Integrates USDC Payments in Singapore Online Store

Sony Electronics' Singapore has added USDC stablecoin as a payment option in its online store through a partnership with Crypto.com. This...

Google Warns of Increased North Korean Cyber Attacks on Solana Projects

North Korean IT workers are intensifying cyber activities targeting blockchain projects in Europe, according to a report from Google Cloud. Key...

ACT Memecoin Drops 53% as Multiple Altcoins Plummet on Binance

On Tuesday, several altcoins experienced significant price drops on Binance, with some plunging up to 50%. The cryptocurrency community speculated...
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