The past few months have been difficult for the Ethereum ecosystem, with ether (ETH) falling to levels not seen since 2020. ETH is significantly underperforming compared to bitcoin (BTC) and some major cap altcoins. Worse still, the bleeding does not appear to be stopping soon. According to a report by the market analytics platform CryptoQuant, […]
Around 26,000 Bitcoin options contracts will expire on Friday, April 4, and they have a notional value of roughly $2.1 billion. This week’s event is more modest than average and much smaller than last week’s massive end-of-month and end-of-quarter expiry event. The impact on spot markets is likely to be minimal as spot traders are […]
TL;DR Pi Network’s native token cannot catch a break as its price has tumbled once again in the past 24 hours to a record low of just over $0.5. This latest decline came after a former PI proponent alleged the project to be a slow rug pull, while others have questioned the team’s viability. PI […]
Two Democratic legislators have requested the U.S. Securities and Exchange Commission (SEC) to preserve and disclose records related to World Liberty Financial (WLFI). In an April 2 letter, Senator Elizabeth Warren and Representative Maxine Waters raised concerns about potential conflicts of interest arising from the Trump family’s involvement in the project. Concerns Over Trump Family’s […]
On April 2, the US House Financial Services Committee passed the STABLE Act, which now needs to pass a full House vote and then a Senate vote in its next stages of approval into law. The Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act was passed with a 32 to 17 vote. […]
Crypto markets have tanked around 4% over the past few hours, with total capitalization falling to a three-week low of $2.74 trillion. Around $150 billion left spot markets while almost 170,000 traders were liquidated, with total liquidations exceeding $500 million, according to CoinGlass. Bitcoin prices tanked more than 6% from an intraday high of $87,790 […]
Ye Zhang, co-founder of Layer 2 smart contract platform Scroll, has sharply criticized proposals to impose fees on Ethereum Layer 2 solutions. In a series of tweets on X, the exec called “tarriffing Layer 2s” “one of the most toxic ideas” for the blockchain’s future. Ye Zhang Opposes L2 Fees Zhang argued that such a […]
In an ironic twist of fate, the hacker behind February’s $9.57 million exploit on zkLend has allegedly fallen victim to another scam. The suspected criminal claimed in an on-chain message that they lost 2,930 ETH, worth about $5.4 million, while trying to launder the stolen funds through Tornado Cash. The zkLend Hack zkLend also confirmed […]
In a filing with the SEC on April 1, the video game retailer reported that it had completed a private offering of $1.5 billion in Convertible Senior Notes due 2030, including the full exercise of the initial purchaser’s option for an additional $200 million. The filing specifically mentioned Bitcoin in the “Proceeds” section. It stated that […]
TL;DR Historical trends, post-halving momentum, and potential US interest rate cuts are aligning in favor of a BTC rebound in Q2. The rising number of whales could further boost market sentiment and drive renewed demand for the primary cryptocurrency. What Could Play a Positive Role? Bitcoin (BTC) started the year on the right foot and […]