In a controversial report, Forbes unveiled a list of 20 “crypto billion-dollar zombies,” Layer 1 (L1) tokens, which the news outlet defines as crypto assets with substantial valuations but “limited utility beyond speculative trading.”  These cryptocurrencies and projects include Ripple, XRP, Ethereum Classic (ETC), Tezos (XTZ), Algorand (ALGO), and Cardano (ADA), among others.  XRP And […]

Hong Kong will introduce Spot Bitcoin and Ethereum ETFs by 30 April, marking it as the first Asian nation with such financial products. These ETFs are unique in that they will allow direct exchanges of the underlying assets for ETF units, differing from the cash redemption model in the US. The launch is anticipated to […]

Morgan Stanley is considering enabling its 15,000 advisors to recommend Spot Bitcoin ETFs directly to clients, broadening investor access. Although client interest in Bitcoin ETFs is high, investments are cautious and moderate, not comprising major financial commitments. This policy shift could reverse the recent trend of declining inflows into these ETFs, offering a timely boost […]

The Rising Threat of Cryptocurrency in CSAM Trade. U.S. Senator Elizabeth Warren often claims that cryptocurrency is the leading material used in dark …

A multi-trillion dollar transfer of wealth from baby boomers to their brethren has become a “tempting target” for taxation, according to a new report. The transfer, which is estimated to reach $90 trillion in the US alone, has sparked a new and urgent political debate on inheritance taxes, reports the Financial Times. “With even the […]

TL;DR Pantera Capital plans to raise over $1 billion for its new fund, Fund V. The fund aims to offer investors broad exposure to the blockchain ecosystem, including startup stocks and early-stage and liquid tokens. Recently, the firm acquired a large amount of Solana (SOL) tokens from the bankrupt FTX. Pantera Capital, a firm specialized […]

TL;DR The Sui ecosystem, a Layer 1 blockchain for DeFi applications, is facing a crisis with a 25% drop in its Total Value Locked (TVL), which fell from a peak of $724 million to $535 million. Sui’s native coin (SUI) has also experienced a significant downfall, with its price dropping to $1.17 from a record high of $2.20, […]

The lawyer said he had filed a brief on behalf of 4,701 Coinbase customers for no charge as part of his advocacy work in the crypto space.

Ethereum has become the focal point of discussion within the cryptocurrency community, with traders closely following reports speculating on the SEC’s intentions to reject spot Ethereum ETF proposals in May.  This development comes after the approval of spot Bitcoin ETFs on January 11, 2024, and the much-anticipated Bitcoin halving event on April 19, 2024, which […]

An “epic sat,” an extremely rare satoshi (the smallest unit of Bitcoin) from the network’s fourth halving block, was recently sold for over $2 million. On April 25, the crypto mining pool ViaBTC successfully auctioned off “Sat 1,968,750,000,000,000” for 33.3 BTC, approximately $2.13 million, on the cryptocurrency exchange CoinEx Global. ViaBTC’s Rare Satoshi Auctioned CoinEx […]

The always-relevant Marty Bent had Spiral developer Matt Corallo on his podcast this week to address the freaks about urgent Bitcoin mining matters. To bring everyone up to speed, the concerns stem from recent sleuthing of the blockchain which revealed that some pools have been getting perhaps a little too cozy. How do we know […]

Following the halving event on April 19, the price of Bitcoin has displayed a puzzling performance. BTC initially gained nearly 10% to trade as high as $67,020 on April 24. However, in the last two days,  the digital asset’s price has declined by 6.49%, falling below the $63,000 price mark.  As expected, such negative performance […]

Joachim Nagel, President of the Deutsche Bundesbank, praised the privacy traits a hypothetical upcoming digital euro would possess. During a speech, Nagel specified that the Eurosystem would have “no interest” in monitoring the payments and expenses of digital euro users and would not be able to identify them based on their payments. Deutsche Bundesbank President […]

Grayscale just printed rare history of all global ETFs

Two US Senators are writing a bipartisan letter to federal agencies about the potential use of crypto assets by child abusers. According to a new press release, Senator Elizabeth Warren, a Democrat from Massachusetts, and Senator Bill Cassidy, a Republican from Louisiana, say in the letter that digital assets are the “payment of choice” for […]

Immutable zkEVM, an Ethereum gaming platform, has unveiled The Main Quest—a groundbreaking rewards program offering up to $50 million in token rewards to players. This initiative aims to incentivise users of the Immutable zkEVM network, a layer-2 Ethereum gaming platform powered by Polygon zkEVM technology.  Participants stand to earn rewards for various activities, including playing […]

US senators target cryptocurrency use in child abuse trade. Senators Elizabeth Warren and Bill Cassidy are asking federal agencies about their …

This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more.

TL;DR Fidelity Bitcoin ETF records an outflow of funds for the first time. Most US Bitcoin ETFs are showing sluggish performance, with only one fund recording an inflow. BlackRock’s IBIT and other ETFs saw no inflows, reflecting cautious market sentiment. In a scenario that reflects the dynamism of current financial markets, the Fidelity Wise Origin […]

TL;DR Vitalik Buterin concludes that Ethereum with Proof-of-Work (PoW) was not immune to centralization. Ethereum’s Proof-of-Stake (PoS) transition seeks to address centralization and energy consumption issues. Debates in the community about whether the decision to switch to PoS was the right one. Vitalik Buterin‘s recent stance on Ethereum transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) has […]

Pantera Capital is seeking to secure $1 billion for its new fund, ‘The Panter Fund V. ‘ It is designed to provide investors with exposure to a wide range of blockchain-based assets. A new report by Bloomberg revealed that the new fund is expected to launch in April 2025. Pantera Fund V The Pantera Fund […]

New 13F filings with the SEC reveal that a major pension consultant, Global Retirement Partners (GRP), is buying into US spot Bitcoin ETFs. Bitcoin investors have been eagerly awaiting these SEC filings to gauge the level of institutional interest in Bitcoin ETFs, which launched in the first quarter of 2024. JUST IN: 🇺🇸 Retirement consulting firm GRP […]

For crypto investors, the last several weeks have been a rollercoaster, with many assets seeing price dips and failing to post meaningful gains. The short-term outlook is bleak, despite some analysts’ continued optimism on the market’s long-term prospects. Halving Hype Fades Even the granddaddy of cryptocurrencies, Bitcoin (BTC), hasn’t been immune to the market downturn. […]

US regulators just announced the first bank failure of 2024. The FDIC says it has stepped in to protect $6 billion in assets and $4 billion in customer deposits at Philadelphia-based Republic Bank. The assets will be immediately handed over to Fulton Bank, a former rival that’s also located in Philadelphia. “Republic Bank’s 32 branches […]

A popular crypto trader says a liquid staking service for the Ethereum (ETH) blockchain is flashing a short-term bullish signal. The analyst Ali Martinez tells his 60,600 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator recently presented a buy signal on Lido DAO’s (LDO) 3-day chart. “If LDO can hold […]

The Solana memecoin landscape is buzzing with excitement as CatGpt experiences an astounding surge of over 2000% in just one day.  According to data from dex screener, CatGpt now boasts a market capitalization of $33 million and is currently trading at $0.007, marking an unprecedented leap in its valuation. One astute investor, identified by the […]

Over the past 90 days, while bitcoin has shown steady performance, 19 other cryptocurrencies have outpaced the leading digital asset in terms of price growth. However, the Altcoin Season Index, which measures the performance of these cryptocurrencies against bitcoin, has dropped from 59 to 39 since early April, signaling that an altcoin season is unlikely […]

Bitcoin’s impending ‘death cross’ signals potential price turbulence, with risk to fall below $60,000 per BTC

Explore BlockDAG, Shiba Inu and Polygon in the cryptocurrency market … The crypto universe recently witnessed a bold move, where a Shiba Inu (SHIB) …

Bitcoin has been trading sideways for two months, unable to surpass previous highs, suggesting a consolidation phase. Michaël van de Poppe sees this as the peak of Bitcoin’s market dominance, predicting a forthcoming shift in investor focus towards altcoins. The expected Ethereum ETF launch in May could catalyse this shift, revitalising the market and increasing […]

The creator of the Bored Ape Yacht Club has been struggling with a changing market and still plans to focus on its Otherside metaverse project.

An announcement was put out today by the Justice Department that Keonne Rodriguez and William Hill had been arrested and charged with operating Samourai Wallet, “an unlicensed money transmitting business” that executed “unlawful transactions.” Fuck the Justice department, full stop. At no point did Samourai custody user funds, have control over user funds, and ESPECIALLY […]