Category: crypto
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Bitcoin-native startups see funding boost despite overall capital decline in 2024
In 2024, the number of Bitcoin-native startups receiving venture capital investment increased, with a 27.5% rise in unique companies funded and 31.8% in individual transactions. Despite a 22.1% decrease in total capital raised, early-stage investments grew, indicating growing interest in backing Bitcoin-native companies. Bitcoin-native startups represent a small but active segment in the crypto investment…
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Ethereum overcomes setbacks, confirms Pectra upgrade for May 7
Ethereum core developers have confirmed that the Pectra upgrade will be deployed on May 7, replacing the previous tentative date of April 30. The upgrade aims to improve wallet features and enhance user experience, potentially reigniting activity within Ethereum’s ecosystem and increasing network scalability. The Ethereum community has also undergone leadership changes.
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North Korean hackers net $2.5 million profit after WBTC sales
North Korea’s Lazarus hacking group made a significant profit of over $2.5 million from selling wrapped Bitcoin (WBTC) for Ethereum (ETH). The group’s activities, supported by the North Korean regime, have led to the theft of more than $6 billion in digital assets. Lazarus continues to pose a threat to the global financial system.
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BlackRock’s BUIDL fund pays $4.17M dividends in March, surpasses $25M in total payout
BlackRock’s BUIDL fund distributed a record $4.17 million in dividends in March, totaling $25.4 million since inception. The fund, tokenizing US Treasuries and cash equivalents, is gaining traction in on-chain finance. Its AUM reached $1.93 billion, with USDtb using BUIDL for 90% backing. MakerDAO may invest $500 million in BUIDL.
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Brazil’s largest lender becomes latest TradFi institution to consider launching its own stablecoin
Brazil’s largest bank, Itaú Unibanco, is considering launching its own stablecoin, following the trend of traditional financial institutions worldwide. The decision depends on Brazil’s regulatory framework and the success of similar initiatives by international institutions. This move signals Latin America’s readiness to participate in the digital finance industry.
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Bitcoin’s estimated leverage ratio falls below short-term average as traders pull back after March spike
CryptoSlate Alpha is a membership program that requires purchasing an NFT using Solana (SOL) token. Users need to connect their Solana wallet to complete the purchase. By buying the membership, users agree to terms and conditions set by their digital wallet provider and the Access Foundation. CryptoSlate is not responsible for the digital wallet’s provision,…
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Donald Trump White House meeting with Nayib Bukele ignites Bitcoin discussion hopes
President Donald Trump has invited El Salvador’s President Nayib Bukele for a meeting at the White House on April 14. Trump praised Bukele’s efforts to combat gang activity and cooperate with US immigration enforcement. Speculation has arisen that Bitcoin may be discussed during the meeting, as both leaders are known for supporting the cryptocurrency.
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Hong Kong reevaluates crypto trust rules amid Justin Sun’s First Digital Trust allegations
Hong Kong lawmaker Johnny Ng assures investors that the city’s crypto regulatory framework is strong despite fraud allegations against First Digital Trust (FDT). Tron founder Justin Sun claims FDT mismanaged funds, highlighting regulatory gaps in trust company oversight. FDT denies the allegations and plans to defend its reputation legally.
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TRUMP memecoin drops 10% as tariffs raise economic risk indicators
The memecoin TRUMP, launched by Donald Trump, has dropped 10.36% in the past 24 hours due to new U.S. tariffs, ranking it as the seventh biggest loser in the digital asset market. It is currently trading at $9.29, down nearly 19.4% in a week. The token’s holders are mostly medium-term speculative traders.
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US Stablecoin regulatory framework moves forward despite backlash over Trump conflicts of interest concerns
US lawmakers are working on a bill to regulate stablecoins, with the STABLE Act of 2025 advancing in Congress. The bill aims to establish clear rules for issuing and managing dollar-backed stablecoins, including reserve requirements and anti-money laundering measures. Some Democrats have criticized the bill, citing concerns about conflicts of interest.