Morning Minute: Schwab Ventures into Crypto with $11T+ Assets
In a recent development, Charles Schwab has initiated spot Bitcoin and Ethereum trading under the ‘Schwab Crypto’ brand via its Premier Bank, as confirmed during the Q1 earnings call on…
Bitcoin Faces Potential Short Squeeze as Funding Rates Hit Record Negatives
As Bitcoin approaches $76,000, investors are divided over its immediate future due to persistently negative funding rates in the derivatives market. These rates, which reflect fees paid by traders to…
Tether’s $127 Million Rescue of Drift Protocol Challenges Circle’s Dominance in Solana Payments
The stablecoin issuer Tether has intervened with a significant recovery plan for Drift Protocol, the Solana-based decentralized exchange (DEX) that suffered a $286 million exploit earlier this month. The rescue…
Bitcoin Gains from Ceasefire Slowdown as Market Awaits Concrete Progress
The recent momentum Bitcoin (BTC) experienced following U.S.–Iran ceasefire news appears to be waning, with investors seeking substantial developments that could alleviate war-driven economic stress globally. Early today, the cryptocurrency…
Circle Faces Class Action Lawsuit Following $285M Drift Protocol Breach
A class action lawsuit has been filed against Circle by investors from Drift Protocol, who suffered losses during an April 1 hack that resulted in $285 million being siphoned off…
Bitcoin Struggles Below $76,000 Amidst $450 Million Sell Wall Despite Rising Derivatives Activity
For the third consecutive day, Bitcoin (BTC) remains below the $76,000 mark, currently trading at $75,440. CoinGlass data reveals that bullish traders are targeting a substantial sell wall amounting to…
Ripple’s Stablecoin Faces Challenges in Japan Amidst Trust in Megabank Issuers
Despite being one of Ripple’s most supportive markets, Japan presents obstacles for Ripple’s stablecoin RLUSD due to the high trust placed in megabanks. SBI has been a significant partner since…
Interpreting Glassnode’s RHODL Ratio: Indications of Bitcoin Bottom
Glassnode’s RHODL ratio, an essential on-chain metric that gauges the balance between long-term and short-term bitcoin holders, has reached a pivotal point. At 4.5, it signals conditions more indicative of…
Cryptocurrency Exchange Grinex Suspends After Alleged State-Backed Hack Results in $13 Million Loss
The cryptocurrency exchange Grinex, favored by Russians seeking to bypass sanctions, has halted operations following a cyber attack that siphoned roughly 1 billion rubles ($13 million) from its systems. Based…
Ethereum Experiences Record-Breaking Quarter Amidst Price Stagnation
In a historic performance, Ethereum has processed the highest number of transactions in a single quarter, despite its token price remaining stagnant. The network handled 200.4 million transactions on its…