Category: crypto

More than one-third of US crypto traders have cut daily spending due to current market conditions, with 37% delaying or cancelling purchases. Despite this, 79% plan to hold or increase their crypto positions. A survey of 1,100 US-based users found that many traders are managing losses alone and keeping their crypto holdings private.

Pi Network will sponsor Consensus 2026 in Miami, with founders Chengdiao Fan and Nicolas Kokkalis speaking about AI, Web3, and online identity verification. The event aims to engage the network’s large user base in broader ecosystem activities. Protocol upgrades are also planned to support smart contracts and ecosystem growth.

Patrick Witt warned that failing to pass clear US crypto rules could benefit China in the digital asset market. The CLARITY Act, aimed at regulating digital assets, faces resistance and is stalled in the Senate Banking Committee. The bill’s progress is slowed by disputes over stablecoin yield rules and the narrow GOP majority in the…

Michael Saylor hinted at another Bitcoin purchase for Strategy ahead of the company’s update. Last week, Strategy raised its holdings to 815,061 BTC. Analysts expect a smaller buy due to funding limitations, as MSTR share issuance paused. The company still has ATM capacity for purchases, but may face restrictions.

Litecoin experienced a significant chain reorganization due to attackers exploiting a zero-day bug in its MimbleWimble Extension Block privacy layer. The bug allowed for double-spends against cross-chain swap protocols, resulting in a 13-block reversal. The Litecoin Foundation confirmed that the bug has been patched, with some venues reporting losses.

22-year-old Evan Tangeman from California has been sentenced to 70 months in prison for his involvement in a crypto theft group that stole $263 million through various scams and attacks. Tangeman helped launder at least $3.5 million in stolen funds, which were used to purchase luxury items like Lamborghinis, Rolexes, and real estate. The rise…

The Commodity Futures Trading Commission has sued New York over its attempt to apply state gambling laws to prediction market platforms. The CFTC argues that New York’s actions could interfere with federal oversight of prediction market contracts. This lawsuit is part of a larger debate over who should regulate event-based contracts in the United States.

Galaxy Digital CEO Mike Novogratz believes the US CLARITY Act may move forward in May, providing clear federal rules for the crypto industry. The bill aims to define how digital assets operate in the US, with Novogratz stating it could reach President Trump’s desk by June. There are doubts about the bill’s timeline, with concerns…

Aave and Kelp have requested the release of 30,765 ETH from Arbitrum DAO for the recovery of rsETH. The funds would be managed by Aave, Kelp, and Certora in a Gnosis Safe. Concerns have been raised about the 49-day governance process delaying urgent recovery efforts for rsETH holders affected by the exploit.

JPMorgan believes that tokenization could revolutionize the exchange-traded fund (ETF) market and the wider funds industry. The use of tokenized ETFs could lead to faster settlement, improved redemption processes, and increased accessibility. While practical use cases are still being developed, JPMorgan sees potential for tokenization to reshape the industry in the future.