Category: crypto

A recent vote-buying incident in Arbitrum DAO raises concerns about decentralized governance as investors exploit on-chain mechanisms to gain influence. User spent $10,000 to acquire voting power, influencing committee elections. Lobby Finance allows delegation of governance power for yield, leading to vulnerabilities. Structural reform may be necessary to prevent manipulation.

CoinShares research head James Butterfill dismissed the “Bitcoin death cross” indicator as unreliable, citing historical data showing positive returns following such events rather than prolonged declines. He found that after past death crosses, Bitcoin often saw slight losses within one month but positive returns at three and six months.

The US Department of Justice has closed down its National Cryptocurrency Enforcement Team, focusing on prosecuting criminals in the crypto industry rather than regulating it. This move reflects a shift in federal oversight, aligning with President Biden’s administration’s efforts to create a more favorable environment for crypto innovation. Other agencies, such as the SEC and…

Ripple is acquiring Hidden Road for $1.25 billion, becoming the first crypto-native firm to operate a multi-asset prime broker. The deal will deepen institutional service offerings and bridge traditional financial markets with blockchain ecosystems. Ripple plans to integrate RLUSD stablecoin and XRPL for faster trade settlement and lower costs.

Bitcoin could benefit from the escalating US-China trade conflict, with experts like Arthur Hayes predicting that aggressive monetary policies, such as currency devaluations, could drive increased adoption of Bitcoin. Historical patterns suggest that Chinese Yuan devaluations could lead to capital inflows into Bitcoin, potentially boosting its value in the future.

World Liberty Financial (WLFI), a DeFi venture partially owned by US President Donald Trump, is proposing to distribute its upcoming stablecoin, USD1, to existing token holders. The airdrop aims to test the infrastructure and show appreciation to early backers. There are concerns over potential conflicts of interest related to the Trump family’s involvement.

BlackRock has added Anchorage Digital Bank N.A. as an additional custodian for its iShares Bitcoin Trust. This dual-custodian model enhances redundancy and risk mitigation for the trust. The move reflects BlackRock’s expectations of increased Bitcoin holdings and the need for operational flexibility. The addition of Anchorage, a federally chartered digital asset bank, aligns with regulatory…

The NYSE has approved listing a new XRP-based ETF, the Teucrium 2x Long Daily XRP ETF (XXRP), set to launch on April 8. XXRP aims to deliver double the daily performance of XRP using swap contracts. The approval drove XRP’s price up by 7%, reaching $1.87. This comes as no spot or futures XRP ETF…

Australia’s financial regulator, ASIC, has closed down 95 companies involved in crypto and romance scams due to misconduct and fake registrations. These companies operated under false identities, posing as legitimate services, and were part of a larger scam network using a fraudulent model. Victims were deceived into fake investment opportunities. Despite ASIC’s efforts, scams persist,…

Binance co-founder CZ Zhao has been appointed as a strategic adviser to the Pakistan Crypto Council, signaling the country’s commitment to blockchain innovation. The council aims to advance digital asset policies and promote responsible blockchain development. With Zhao’s guidance, Pakistan hopes to become a leader in the web3 economy.