Category: crypto

Monero recently celebrated its 12th year since its launch in 2014 as a leading privacy-focused cryptocurrency network. Despite facing over 70 exchange delistings due to regulatory scrutiny, Monero continues to maintain active users and steady market participation. The project focuses on hiding transaction details on a public blockchain to ensure confidentiality in transfers.

Raoul Pal believes that Ethereum could be crucial for banks in future financial systems, dismissing claims that it is losing relevance. The statement sparked debates within the crypto community about whether banks will adopt Ethereum widely. These discussions were also influenced by recent issues with cross-network transfers involving FXRP and rsETH.

The Pi Network Core Team emphasizes the importance of verified user identities in its ecosystem, with over 18 million verified users through its KYC system. They believe verified users provide stronger trust compared to unverified wallet counts on other networks. The community shows growing support for identity verification in blockchain ecosystems.

The RAVE token saw a significant increase in value from $0.25 to nearly $28, followed by an 80% crash. Binance and Bitget investigated claims of insider control and unusual trading patterns. RaveDAO denied involvement and plans to sell tokens for funding. The crypto market raised concerns about the token’s rapid rise and fall.

Kelp, a liquid restaking platform, experienced a cyber attack on its rsETH token operations, resulting in a $293 million loss. The attacker targeted the rsETH bridge contract and used Tornado Cash to obscure the movement of stolen funds. DeFi platforms froze rsETH activity to prevent contagion risk, highlighting security concerns in the crypto sector.

US Senator Elizabeth Warren expressed concerns about statements made by SEC Chair Paul Atkins regarding enforcement activity. After data showed a drop in enforcement actions, Warren questioned whether Atkins misled Congress about the levels of enforcement activity. She requested clarification from Atkins by April 28, raising questions about the accuracy of his earlier testimony.

A US federal judge dismissed a class-action lawsuit related to a memecoin promoted by Caitlyn Jenner, ruling that it did not meet the legal standard to be classified as a security under US law. The lawsuit claimed financial losses, but failed to prove structured financial returns tied to the token.

Charles Schwab is considering entering prediction markets as part of its product review. The company is exploring offering such services in the future but will avoid sports, politics, and entertainment-related betting products. Citadel Securities is also monitoring prediction markets but notes low liquidity limits current participation plans. Both firms see potential in event contracts for…

Strategy Inc. is proposing a change to the dividend schedule of its STRC preferred stock, suggesting a shift from monthly to twice per month payments. The proposed adjustment aims to enhance liquidity, market efficiency, and price stability. Shareholders will vote on the change at the annual meeting on June 8.

Supreme Court Justices Alito and Thomas will not retire this year, ending speculation of Trump appointing a fourth justice before the midterms. This decision removes a potential confirmation battle and maintains the court’s conservative majority. Trump is prepared to name replacements if vacancies arise. Their stay impacts the court’s balance and legislative priorities.