Category: crypto

Two Polymarket accounts won $37,000 from Paris weather prediction markets due to unexpected temperature spikes. The traders profited from short-lived jumps in temperature readings on April 6 and April 15. Concerns about market manipulation were raised, leading to investigations by blockchain analysts and meteorologists questioning the naturalness of the fluctuations.

Pi Network focused on protocol work in its April update cycle, expanding smart contract tools on Testnet. The team introduced subscription smart contract capability and PiRC2 for technical review. Node operators were required to upgrade to Protocol 22 by April 27. Despite developments, PI price remained weak, trading below all-time high levels.

Zach Witkoff of World Liberty Financial is facing renewed scrutiny after body camera footage from his 2022 arrest surfaced. The company is also being sued by Justin Sun for freezing his WLFI tokens. Witkoff denies the claims and plans to defend the company. The lawsuit alleges coercive practices and threats from World Liberty Financial.

Fundstrat Global Advisors co-founder Tom Lee supports a recent report that predicts Ethereum could reach a value of $250,000 based on long-term market assumptions. The report highlights Ethereum’s staking model, which offers yield and a different value case compared to Bitcoin, potentially leading to increased network security and value.

The U.S. government is running a Bitcoin node for cybersecurity tests, not mining. Admiral Samuel Paparo stated that Bitcoin is being used as a cryptography and blockchain tool to strengthen network security. The government’s interest in Bitcoin is focused on defense applications and technical uses, not accumulating BTC through mining.

Shareholders, including Pantera Capital, are pressuring Satsuma Technology Plc to sell its 646 BTC holdings and distribute the proceeds to investors. The company is reviewing options carefully to protect all shareholders’ interests, as its shares have collapsed and its Bitcoin holdings exceed the current market valuation. Bloomberg reported the request on April 23, highlighting the…

Cryptocurrency firms and advocacy groups are urging U.S. senators to advance the Clarity Act to prevent the industry from moving offshore. The letter calls for action on unresolved issues like stablecoin rewards and regulatory oversight. Delay could lead to investment and innovation leaving the U.S., emphasizing the need for timely action.

KPMG introduces an AI-powered Financial Close Companion to automate month-end closing tasks for legal entity controllers and accounting analysts. Built on Google Cloud Gemini and integrated with Workday, the tool helps analyze financial data, flag anomalies, and streamline reporting processes. The launch aligns with Google Cloud’s $750 million fund to support enterprise adoption of AI.

US-listed spot Bitcoin exchange-traded funds saw seven consecutive days of net inflows, totaling $1.9 billion as Bitcoin approached $80,000. BlackRock’s IBIT led with $1.4 billion in inflows, capturing over 73% of the total. Morgan Stanley’s MSBT had no outflows since launch, while Grayscale’s GBTC saw $100 million in redemptions.

Flying Tulip has introduced a circuit breaker to slow or queue withdrawals during DeFi losses in April. The safeguard limits the speed of funds leaving the protocol during abnormal outflows, allowing the team to review unusual activity. The mechanism is designed to prevent potential damage and address weaknesses beyond smart contracts.