Category: crypto
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Stablecoin loan repayments flag early signs of Ethereum volatility, report finds
Repayments of on-chain loans using stablecoins can indicate liquidity shifts and volatility spikes in Ethereum’s price. A recent Amberdata report found that frequent repayments correlate with increased ETH price fluctuations. Other lending metrics, such as withdrawal amounts, also impact market sentiment. Repayment activity is seen as an early indicator of changes in liquidity conditions and…
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SEC assembles ‘Suicide Squad’ of former critics for crypto roundtable
The SEC will host a crypto regulation roundtable on April 11 with executives and advocates who clashed with the agency. The session, titled “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading,” signals a shift in the SEC’s strategy under Acting Chairman Mark Uyeda and Commissioner Hester Peirce’s Crypto Task Force. Panelists…
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Trump gives China one day to remove tariffs or face 50% increase, Bitcoin stumbles
President Trump issued an ultimatum to China over new tariffs, warning of a 50% tariff hike if Beijing does not retract a 34% increase by April 8. Trump accused China of long-term trading abuses and suspended talks while opening negotiations with other nations. The threat led to market reactions, with U.S. equity futures and digital…
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ZKasino scammer’s risky Ethereum trade backfires with $27M loss amid market turmoil
The alleged scammer behind the ZKasino rug pull has lost over $27 million in a risky Ethereum trade during market turbulence. The scammer exited a leveraged position on ETH, resulting in a significant loss. This incident follows previous exploits tied to ZKasino, causing backlash and criticism in the crypto industry.
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Janover stock soars 300% as former Kraken execs push for pivot to Solana-centered strategy
Janover Inc., a real estate data platform, is rebranding to DeFi Development Corporation and shifting its focus to decentralized finance, starting with Solana. Former Kraken executives acquired a controlling stake, with a new treasury policy focused on digital assets. The company raised $42 million through a private sale to support this new direction.
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Crypto attorney sues US authorities to reveal Satoshi Nakamoto’s identity
James Murphy, also known as MetaLawMan, has filed a FOIA lawsuit against the DHS to uncover information about the identity of Bitcoin creator Satoshi Nakamoto. The lawsuit was prompted by claims made at a conference in 2019 that DHS had interviewed Nakamoto. Murphy aims to bring the truth to light through legal action.
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XRP shines amid $240 million crypto outflows triggered by trade war fears
Digital asset investment products experienced $240 million in outflows last week, with Bitcoin-based products accounting for most of the losses. This was attributed to concerns over a global trade war triggered by new US tariffs. Despite this, total assets under management remained stable, with XRP emerging as a top-performing asset with inflows of $4.7 million.
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Hong Kong sets new rules allowing staking services for crypto firms and ETFs
The Securities and Futures Commission (SFC) in Hong Kong has released new guidelines permitting licensed Virtual Asset Trading Platforms (VATPs) and exchange-traded funds (ETFs) to offer staking services. The new rules require strict internal controls for VATPs to manage risks, avoid conflicts of interest, and ensure transparency. ETFs must disclose staking information to investors.
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Bitcoin dominance could reach 70% as financial uncertainty grows
Arthur Hayes, co-founder of BitMEX, predicts Bitcoin’s dominance will rise to 70% amid global financial uncertainty. Stock markets worldwide have suffered due to tariffs imposed by the Trump administration, leading to panic and significant losses. Hayes believes Bitcoin will become a more significant asset in a distrustful financial system, potentially reaching $1 million.
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Bitcoin plummets $9k as Trump’s tariffs spark over $1B liquidation frenzy
Bitcoin experienced a sharp drop from $83,000 to $74,000 overnight, leading to over $1.36 billion in liquidations across digital asset markets. The decline was attributed to escalating trade tensions and sweeping tariffs announced by President Trump. More than 441,000 traders were liquidated, with Bitcoin and Ethereum seeing the largest losses. The market turmoil also affected…