Category: crypto

Bitcoin has shown resilience in the face of economic uncertainty, rebounding despite market volatility. However, it faces resistance at the $91,000 to $92,000 range. As global trade tensions and policy uncertainty persist, Bitcoin’s correlation with gold strengthens, suggesting it is seen as a macro hedge. Despite challenges, Bitcoin’s evolving role in diversified investment strategies is…

MANTRA founder and CEO John Patrick Mullin has initiated the burn of his full 150 million OM token allocation to increase transparency and rebuild trust in the community. The token burn will reduce the total supply of OM from 1.82 billion to 1.52 billion, triggering a rise in staking rewards. This move follows a dramatic…

Coinbase has expanded its asset recovery tool to include lost tokens on the Solana network. Users can reclaim certain unsupported SPL tokens without submitting a support ticket. Not all tokens are eligible for recovery, and users must verify eligibility. Recovered assets have not undergone a full review, and a 5% fee may apply.

Bitcoin’s price surged past $87,000 as institutional players like Metaplanet and Strategy acquired a significant amount of BTC for their corporate reserves. Metaplanet now holds nearly 5,000 BTC while Strategy’s total holdings reached 538,200 BTC. Both companies see Bitcoin as a hedge against inflation and monetary instability.

Indian crypto exchange WazirX plans to resume operations by mid-May 2025 pending a final decision in Singapore High Court on May 13. The exchange’s parent company, Zettai, has completed preliminary requirements. WazirX aims to distribute recovered funds and reopen within ten days of court approval. Critics question the recovery plan, which aims to avoid liquidation…

The US SEC is reviewing 72 crypto-related ETF filings covering assets like XRP, Litecoin, and Dogecoin. Issuers are seeking approval for spot ETFs, options trading, and themed funds. Despite the influx of altcoin and memecoin funds, Bitcoin is expected to maintain dominance in the market. Approval of these filings could shape how traditional finance markets…

Zora plans to launch a ZORA token with 65% of the supply allocated to team, treasury, and early investors, despite being described as “for fun only.” Critics question the usefulness of the token, with concerns raised about credibility and value. The token’s structure may not provide real benefits to holders.

Upexi Inc.’s shares surged over 630% after announcing plans to build a Solana-based crypto treasury with newly raised funds. The $100 million PIPE investment was led by GSR and other firms. The move reflects a shift towards digital asset management for Upexi, known for consumer products. This institutional push into Solana highlights growing interest in…

The Ethereum Foundation is focusing on improving the Layer 1 network and enhancing user experience through protocol upgrades. Vitalik Buterin will transition to a research role to accelerate breakthroughs. The Foundation aims to address scalability challenges in upcoming updates like Pectra, Fusaka, and Glamsterdam, with a strong emphasis on community input and peer review.

Leading crypto firms like Circle, Coinbase, BitGo, and Paxos are planning to apply for banking licenses in the US. They are leveraging pro-crypto sentiment in Washington to advance their long-term plans. Global banks like Deutsche Bank and Standard Chartered are also looking to expand their crypto services in the US market due to growing regulatory…