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DWF Labs, an Abu Dhabi-based crypto investor and trading firm, said on Wednesday it had bought $25 million worth of digital tokens issued by the World Liberty Financial, the crypto venture controlled by the family of U.S. President Donald Trump. DWF Labs' purchase makes it one of the largest …
Crypto market maker DWF Labs announced a $25 million investment in World Liberty Financial, the decentralized finance (DeFi) project backed by US President Donald Trump and his sons, as the company expands into the United States with an office in New York City. On April 16, Dubai-based DWF Labs said…
The Bitcoin price continues to face headwinds, as the latest report on Digital Asset Fund Flows shows a staggering $751 million in outflows from the digital asset. The sheer volume of this withdrawal raises alarm bells about whether institutions may be cashing out from the flagship cryptocurrency.Bi…
Gibraltar-based Xapo Bank, a private bank and Bitcoin custodian, reported a surge in Bitcoin trading volumes in the first quarter as its high-net-worth members scooped up Bitcoin amid market turbulence. Xapo Bank said that Q1 trading volume grew 14.2% compared to the Q4 2024, as the Bitcoin price d…
The dollar was flat against the euro on Monday after a bruising week last week sent it to a three-year low against the single currency and left it oversold by some technical metrics. The greenback fell against the yen, meanwhile, as U.S. President Donald Trump’s erratic implementation of da…
Digital asset exchange-traded products (ETPs) saw almost $800 million in outflows last week, marking their third consecutive week, according to a report from crypto asset manager CoinShares. On April 14, CoinShares reported that crypto ETPs saw $795 million in outflows last week, with Bitcoin (BTC)-…
Bitcoin treasury company Strategy (formerly MicroStrategy) acquired an additional 3,459 BTC for approximately $285.8 million at an average price of $82,618 per bitcoin between April 7 and April 13, according to an 8-K filing with the Securities and Exchange Commission on Monday.Strategy now holds a …
Michael Saylor’s digital asset firm, Strategy, purchased 3,459 Bitcoin for $285.5 million, signaling continued confidence in Bitcoin even as global markets face trade-related headwinds.Strategy acquired the 3,459 Bitcoin for $285.5 million at an average price of $82,618 per BTC. The purchase brings…
TL;DRXRP’s Future Price MovementsThe entire cryptocurrency market felt theconsequencesof Trump’s raging Trade War against essentially the rest of the world, but especially China, in the past few weeks. Recall that XRP, alongside the rest of the market,plungedto a monthly low of $1.8 last Monday. How…
Commerce Secretary Howard Lutnick walked back the recent reciprocal tariff exemption on select electronics announced in an April 12 bulletin from the United States Customs and Border Protection.On April 13, Lutnick told ABC News that the reciprocal tariff exemption was temporary until the administra…
United States President Donald Trump has exempted an array of tech products including, smartphones, chips, computers, and select electronics from reciprocal tariffs, giving the tech industry a much-needed respite from trade pressures.According to the US Customs and Border Protection, storage cards, …
Senator Tim Scott, the chairman of the US Senate Committee on Banking, Housing, and Urban Affairs, recently said that he expects a crypto market bill to be passed into law by August 2025.The chairman also noted the Senate Banking Committee's advancement of the GENIUS Act, a comprehensive stablecoin …