A major options expiry is looming for Bitcoin and Ethereum

Coinbase has released its first quarter report for 2024, showcasing a substantial 72% quarter-on-quarter increase in total revenue to $1.6 billion. This surge was accompanied by a notable net income of $1,176 billion, representing an increase of 1,588% YoY. This figure represents a turnaround from a net loss of $79 million in the same period […]

TL;DR Ripple contests the SEC’s classification of the “Fox Declaration” as standard evidence, arguing it’s expert testimony, which affects the legal proceedings. Predictions suggest a possible $100 million settlement in case, potentially impacting XRP’s value and the broader crypto market. Ripple Strikes Back The legal battle between Ripple and the US Securities and Exchange Commission […]

The last six months or so have seen several proposals for improvements to Bitcoin Script: CAT, 64-bit arithmetic, as well as some older ideas (CTV) and far-future ideas (Chialisp and Simplicity). This activity has largely overshadowed some revolutionary changes in our understanding of the existing Bitcoin Script, changes which form the basis of BitVM but […]

In his most recent publication dated May 2, 2024, Arthur Hayes, the founder of exchange BitMEX, shared his insights into the crypto market’s recent tumultuous behavior and the broader macroeconomic signals shaping potential future trends. Titled “Mayday,” his essay directly addresses the crypto market, which has experienced significant volatility since mid-April. Stealth Money Printing Is […]

This week’s 12% Bitcoin retreat was a “well-needed market cleansing,” said the former BitMEX boss.

After a week of falling prices for crypto led by Bitcoin (BTC), a widely-followed analyst says the bottom is nearly in. Crypto trader Michaël van de Poppe warns his 715,600 followers on the social media platform X that it could still take some time for BTC to recover from falling nearly 7% in the last two weeks. […]

Binance founder and former CEO Changpeng Zhao is undeterred from investing in crypto despite receiving a prison sentence for US law violations at the world’s largest digital asset exchange. In a statement on social media platform X, Zhao tells his followers what his plans are following his sentencing on Tuesday. “I would like to thank […]

The Enforcement Directorate seizes Rs. 90 crore from cryptocurrency wallets of Binance, ZebPay, and WazirX as part of a money laundering …

TL;DR Bitcoin ETFs in the U.S. experienced a record outflow of funds on Wednesday, with BlackRock’s IBIT registering its first loss since January. The combined net outflow of the ETFs totaled $563.7 million, marking May 1 as the day with the largest outflow of funds since the launch of these financial products. BTC lost 10.44% […]

Overview: BlockDAG’s Market Influence Soars With $2.3 Million Miner Sales, Outshining Ethereum And Toncoin In 2024 In the transformative landscape of 2024’s cryptocurrency market, BlockDAG has captured significant attention with its innovative X Series mining rigs, which has achieved over $2.3 million in sales. This technological advancement signals a potential 30,000x return on investment, positioning […]

Riot Platforms Inc., an integrated bitcoin mining company, reported revenues exceeding $79.3 million in the first quarter of 2024. The revenue increase was slight, rising from $73.2 million to $79.3 million. Remarkably, this was achieved even as Riot Platforms experienced a 36% decrease in the number of bitcoins mined, down to 1,364. Modest Growth Noted […]

Peter Schiff believes that the price of Bitcoin is going to slide to $54,000 in the short term

The Federal Court has found BPS Financial Pty Ltd (BPS) guilty of engaging in unlicensed conduct concerning the ‘Qoin Wallet’, a non-cash payment facility utilizing a crypto-asset token known as ‘Qoin.’ The judgment was delivered by Justice Downes in proceedings brought by ASIC. Further Proceedings Ordered by the Court The court determined that BPS, from […]

A prominent layer-2 scaling solution for the meme asset Dogecoin (DOGE) is announcing that it is going to be shutting down its wallet services next month. In a new thread on the social media platform X, Mishaboar, one of Dogecoin’s developers, tells investors to make sure they move their DOGE out of the Dogechain wallet […]

Popular trader and economist Alex Krüger says he’s currently “max long” on the crypto market. Krüger tells his 173,800 followers on the social media platform X that he’s hedged and unhedged multiple times but he’s now max long in “very concentrated positions.” The economist notes that he’s looking to “de-risk” soon. However, he acknowledges that […]

In a Keynote address at MicroStrategy World: Bitcoin for Corporations, MicroStrategy Executive Chairman Michael Saylor delivered a masterclass on corporate finance and the power of bitcoin to supercharge corporate balance sheets. Saylor made a point to emphasize Bitcoin as the single solution for capital appreciation in an inflationary environment. In his speech, Saylor likened the […]

Polygon (MATIC), the Ethereum scaling solution, has been a hot topic for weeks. Its daily active addresses recently hit an all-time high, exceeding 1.4 million, a testament to the network’s growing user base. This surge in activity, however, presents a tale of two sides for MATIC. Polygon’s Busy Streets: A Sign Of Growth Or Gridlock? […]

EigenLayer is handing out an extra 100 to 110 EIGEN to 280,000 qualifying wallet addresses after criticism over its first airdrop.

[PRESS RELEASE – Zug, Switzerland, May 3rd, 2024] Chronicle Protocol is proud to announce the launch of support for zkSync. Scribe, blockchain’s first fully verifiable and cost-efficient Oracle, is live now on zkSync Era. Chronicle Protocol’s integration of zkSync unlocks decentralized, secure, and resilient price feeds for over 100 dApps already in the ecosystem. Chronicle […]

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PRESS RELEASE. Road Town, British Virgin Islands — May 2, 2024. EYWA, a consensus bridge that secures transactions across multiple protocols, has raised a total of $7 million as it delivers the new era of Web3 interoperability. The investment has been led by Curve Finance founder Michael Egorov — with the project recently attracting two […]

HodlX Guest Post  Submit Your Post   AI in gaming is nothing new, but recent AI advancements provide numerous new ways to enhance games and their user experience – even if gamers themselves don’t particularly love it. Whether leveraging AI to produce realistic enemy behavior and motion matching in ‘The Last of Us‘ or more accurately […]

A closely followed crypto strategist is warning that Bitcoin (BTC) may not yet be done correcting. Pseudonymous analyst Altcoin Sherpa tells his 215,800 followers on the social media platform X that only after Bitcoin reclaims the $60,000 level will he have more confidence a bullish reversal is occurring. “BTC: don’t think we’re out of the […]

TL;DR Partnership Formed: zkSync and Alchemy have partnered to expand Ethereum’s layer-2 ecosystem, introducing features to connect zkrollups with the web3 domain. Developer Empowerment: The collaboration brings Alchemy’s developer tools to zkSync, offering advanced APIs, custom RPCs, and more for efficient blockchain application development. Ecosystem Growth: This partnership is set to enhance the zkRollup ecosystem, […]

TL;DR MoonPay and PayPal partner for crypto purchases in the US MoonPay is the first to integrate for users in the US. Crypto purchases on MoonPay with PayPal Balance, bank withdrawals or debit cards. The integration between MoonPay and PayPal for US users marks a significant step forward in simplifying fiat-to-crypto transactions. MoonPay, by integrating […]

BlackRock collaborates with Securitize to launch Ethereum-based fund “BUIDL,” targeting qualified investors with a stable-value investment. The BUIDL fund, backed by low-risk assets, offers daily dividends paid directly to investors’ wallets, enhancing liquidity and yield. With the capability to transfer tokens easily via Circle’s smart contracts, BUIDL merges traditional finance and digital asset flexibility. BlackRock […]

BlockDAG Presale Skyrockets Following Forbes’ Accidental Exposure of an Advisory Commitee Member A recent Forbes publication has ignited a wave of speculation within the cryptocurrency community by unintentionally naming a potential and rumored board member, Charlie Lee, associated with BlockDAG (BDAG). This unexpected disclosure raises questions about the impact of this innovative crypto project and […]

Ripple’s escrow activity sees major twist, 800 million XRP sent in

Bitget has released its latest Proof of Reserves (PoR) report for April 2024, highlighting a Bitcoin reserve ratio of more than 335%. The cryptocurrency exchange also indicated significant growth in USDT and ETH user assets since January 2024. The latest report arrived more than a week after the Bitcoin halving event. Exceeding $2.7B in Reserves […]

BNP Paribas, the second largest European bank, has purchased exposure to Bitcoin via a spot ETF, per recent 13F filings with the SEC .  The filings show BNP Paribas bought BlackRock’s iShares Bitcoin Trust ETF (IBIT). JUST IN: 🇫🇷 Second largest European bank, BNP Paribas reports exposure to #Bitcoin ETF in 13F filings. It's just […]

Cryptocurrency analyst Rekt Capital has come up with an intriguing narrative pointing to several trends in the current price action of Bitcoin that are similar to the price trends seen in the 2016 bull cycle, even as market sentiments continue to dwindle.  Bitcoin Trends Reiterating 2016 Pattern According to Rekt Capital, more than a month […]