Category: crypto

April Fools’ Day in the crypto industry is not just about pranks, but also about providing insight through humor. Memorable jokes this year included a proposal to reintroduce a poker client into Bitcoin Core, a company acquiring Greenland to protect the Aurora Borealis, and a warning about an ALL CAPS exploit. These posts highlighted the…

Bitcoin perpetual trading volumes have significantly increased on Binance and OKX, leading to short-term optimism in the market. This surge in activity indicates growing interest and activity in Bitcoin trading on these platforms, suggesting a positive outlook for the near future.

European financial regulators are concerned about the rising valuations of crypto-assets, driven by expectations of US deregulation under President Donald Trump. The Joint Committee of the European Supervisory Authorities warns that this could threaten global financial stability due to geopolitical fragmentation, US policy uncertainty, and market volatility. They urge financial institutions to prepare for potential…

A report by MiCA Crypto Alliance and Nodiens suggests that renewable energy could power 70% of Bitcoin mining by 2030. The shift away from fossil fuels is already underway, with solar and wind energy making up a significant portion of total energy consumption. This move is driven by economic incentives, changing energy trends, and evolving…

Circle has filed an S-1 application for an IPO, listing Class A common stock on the NYSE under “CRCL.” The company reported $1.68 billion in revenue for 2024, with proceeds going towards general corporate purposes. The IPO will have a three-tier share structure, with co-founders holding Class B shares with voting power.

Bybit announced the closure of its NFT Marketplace, Inscription Marketplace, and IDO product pages to streamline offerings and improve user experience due to declining demand. The shutdown on April 8 follows a trend of waning institutional interest in NFTs, with trading volumes dropping over 95% since 2021. Security concerns also contributed to Bybit’s decision.

The House Committee on Financial Services will review the STABLE Act on April 2, focusing on a revised version introduced on March 26. The bill refines definitions, compliance mechanisms, and issuer qualifications, while maintaining provisions prohibiting yield-bearing stablecoins. Proponents argue for the inclusion of on-chain interest functionality for user adoption and economic utility.

Grayscale filed an S-3 Form with the SEC to register its Grayscale Digital Large Cap Fund as an ETF. NYSE Arca submitted an application to list GDLC shares. Grayscale will not proceed without SEC approval. The fund includes Bitcoin, Ethereum, XRP, Solana, and Cardano. Trump’s mention of these cryptos has no hidden agenda.

TRM Labs reported that Russian darknet marketplaces dominated crypto-linked drug transactions in 2024, accounting for over 97% of drug-related activity on Bitcoin and TRON networks. Factors contributing to their success include low enforcement threats, cheap imports, and high demand for synthetic narcotics. Vendors are shifting to encrypted messaging platforms for increased security and operational stability.

The crypto payments platform UPCX suspended deposits and withdrawals after a security breach resulted in the potential loss of $70 million in digital assets. Unauthorized access to a management account led to the movement of 18.4 million UPC tokens. Security experts at Cyvers flagged the issue, emphasizing the need for enhanced security measures.