Ethereum Foundation Continues ETH Sales Despite Staking Announcements
On April 8th, the Ethereum Foundation (EF) disclosed its plan to convert 5,000 ETH into stablecoins via CoWSwap’s TWAP feature for funding research, grants, and donations. This move reignited discussions…
Ben Delo, BitMEX Co-Founder, Donates $5.4M to Reform UK Amid Political Finance Debate
Ben Delo, co-founder of BitMEX, has announced a $5.4 million (£4 million) donation to Nigel Farage’s Reform UK party, citing dissatisfaction with the UK’s political system as his motivation for…
STRC Experiences High Trading Volume with Minimal Volatility
Wednesday saw the perpetual preferred stock of Strategy (MSTR), known as ‘Stretch’ (STRC), amass an impressive trading volume of approximately $333 million, marking its seventh-highest daily activity since its debut…
Bithumb Initiates Asset Seizure Over Erroneous Bitcoin Transaction Worth $8 Million
A South Korean cryptocurrency exchange, Bithumb, has sought a court order to freeze seven bitcoins (BTC), valued at approximately $71,271.43 each, totaling around $8 million. This action follows an error…
Morgan Stanley’s Bitcoin ETF Attracts $31M in First Day of Trading
On Wednesday, Morgan Stanley launched the first spot Bitcoin ETF by a major U.S. commercial bank, with its MSBT product seeing an inflow of $30.6 million on its debut trading…
Visa, Mastercard Strategize as Stablecoins Forecasted for $719 Trillion in Global Payments by 2035
For the past two years, discussions about stablecoins’ role in payments have centered on their use at checkout: will consumers prefer wallets over cards? Companies like Visa, Stripe, and Mastercard…
Iran Embraces Crypto for Strait of Hormuz Toll Payments Amid Sanctions
The decision by Iran to accept cryptocurrency payments from vessels traversing the Strait of Hormuz aligns with its established strategy to circumvent international sanctions. Blockchain experts note that this move…
Bitcoin Traders Show Apathy Toward U.S. Inflation Report Amidst Iran Conflict Concerns
Despite widespread anticipation for the U.S. inflation report set to be released this Friday, bitcoin traders appear largely indifferent, as evidenced by recent market activity. This report is expected to…
CFTC Asserts Sports Betting as Finance, Seeks Arizona Enforcement Block
The U.S. government has made a definitive argument that sports betting should be regulated as finance rather than gambling. In a recent filing on Tuesday evening, the Commodity Futures Trading…
XRP Falls by 4% Amid Persistent Selling Pressure Despite ETF Gains
Despite recent inflows into ETFs linked to XRP, the cryptocurrency experienced a downturn, slipping back towards $1.33 as selling pressure continued to dominate buying interest. This indicates that rallies are…