Key takeaways: Bitcoin bulls are attacking the $95,000 level again after today’s brief US GDP-induced sell-off. Traders are semi-agnostic to negative US economic data as they expect the Federal Reserve to resume easing and rate cuts at some point in
Today in crypto, Ripple reportedly made a $5 billion bid to acquire Circle, an elderly US citizen was targeted in a $330 million Bitcoin social engineering scam, and a court ruled that Tornado Cash cannot be sanctioned again.Ripple $4B-$5B bid to pur
Ethereum co-founder Vitalik Buterin released another update on what he believes the future of the network should entail.In an April 30 post on blockchain-based social media platform Farcaster, Buterin outlined his personal areas of focus for Ethereum
“Ethereum just scored a monster win,” said former Ethereum developer Eric Connor on X on April 30.His comment came in reaction to an April 28 prospectus filing with the US Securities and Exchange Commission by BlackRock, which aims to tokenize its $1
Eric Trump, executive vice president of the Trump Organization and son of US President Donald Trump, has delivered a warning to global banks regarding cryptocurrency adoption.Banks around the world will have to adopt cryptocurrency or go extinct in a
A trio of major Abu Dhabi institutions, including the Emirate’s sovereign wealth fund, have teamed up to launch a new dirham-pegged stablecoin.Abu Dhabi’s sovereign wealth fund ADQ, the United Arab Emirates’ largest bank, First Abu Dhabi Bank (FAB),
US federal prosecutors and the co-founders of the crypto mixer Samourai Wallet have asked a court for more time to consider potentially dismissing the case after the Justice Department rolled back its crypto enforcement.Lawyers for Samourai Wallet CE
Chinese tech giant Huawei has reportedly developed a powerful artificial intelligence chip that could rival high-end processors from US chip maker Nvidia.The Shenzhen-based Huawei is poised to start testing a new AI chip called the Ascend 910D, and h
The Federal Reserve is an independent bank and government-sponsored enterprise (GSE), not an agency or office of the federal government. So, the president and Congress cannot dismiss the Fed chair and appoint a new one to enact the monetary policies
Whales and large institutions continue their aggressive Bitcoin accumulation, with Strategy hinting at another Bitcoin investment that may be announced on Monday.Strategy co-founder Michael Saylor hinted at another imminent Bitcoin investment on Apr
SafePal will host an AMA on X on April 28th at 14:00 UTC. The event will feature guests from Viction and Monad discussing recent developments in the industry. Refer to the official tweet by SFP: We know it’s not been long since our last AMA…But w
Kava.io will release a platform upgrade in April. KAVA InfoKava.io is a decentralized finance (DeFi) platform that operates on the Cosmos network, leveraging the power and flexibility of blockchain technology to facilitate crypto-based financial serv
Touted as a potential Ethereum killer on its way up in the 2020-24 market cycle, Solana would still have a way to go to flip Ether’s market cap. Regardless, it has gone a long way in that direction as SOL boosters promised.Over the last year, Bitcoin
Spot Bitcoin exchange-traded funds (ETF) in the United States saw over $3 billion in inflows this week, marking the first full week of consecutive inflows in five weeks.On April 25, the 11 spot Bitcoin ETFs saw $380 million in inflows, bringing the
After a worrying start to the month, Ethereum finally showed signs of recovery as April progressed. The altcoin climbed to nearly $1,830 a few days ago before facing a small correction.In the backdrop of this uptrend, the Ethereum network fundamental
Bitcoin has spent the majority of the past 24 hours on a notable rally that saw it price peak at an intraday high of $94,320. This rally marks an interesting change from the tight consolidation range between $80,000 and $85,000 that had defined Bitco
Decentralized exchange (DEX) KiloEx said it will compensate traders and stakers hurt by a $7.5 million exploit that temporarily shut down the platform earlier in April.In an April 24 announcement, KiloEx said traders who had positions open while the
Japanese investment firm Metaplanet announced the acquisition of a further 145 BTC on Thursday, bringing its total holdings to the 5,000 BTC milestone — currently worth $460 million."We have reached 50% of our initial goal of 10,000 BTC by the end of
Key points:Bitcoin exchange 100-day average netflows are at their most negative since the start of the current bull market in 2023.Exchange balances continue to plumb new multiyear lows.Whales are particularly active buyers this month, while retail s
Ethereum’s price has surged after having been in the doldrums for weeks, helping boost its market share after it hit record lows.Ether has surged almost 15% over the past 24 hours, topping $1,800 on April 23. It has outperformed Bitcoin, which notch