Category: crypto
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S&P 500 futures fall on White House 245% tariff headline as Bitcoin lags all major asset classes
S&P 500 futures dropped 1.6% due to uncertainty in U.S. trade policy with China, with tariffs reaching 245%. Bitcoin underperformed as other assets like gold and bonds rose. Market reactions reflect U.S.-China tensions impacting capital allocation decisions. Nvidia’s export restrictions on semiconductor technology added to market uncertainty. Bitcoin’s response to global macro catalysts is being…
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Messari Reports Strong Q1 for TRON with Record Revenue, $19B Daily USDT Volume
Messari’s sponsored post highlights TRON’s advancements in Q1 2025, focusing on its role in DeFi and stablecoin adoption. The report emphasizes TRON’s technical infrastructure, scalability, and user engagement. Key insights include ecosystem growth, technical upgrades, and stablecoin usage. TRON continues to grow its ecosystem with initiatives like T3 FCU.
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ProShares taps into XRP’s momentum with new futures ETFs set for April 30 launch
ProShares plans to launch XRP futures-based ETFs by April 30, relying on futures contracts and swap agreements for exposure. This comes after the launch of the Teucrium 2x Long Daily XRP ETF on April 9. Kaiko believes XRP is a strong candidate for a spot ETF approval in the US, with prediction markets estimating a…
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SEC concludes review of Coinbase disclosures after over 2 years, no amendments required
The Securities and Exchange Commission has completed its review of Coinbase’s financial disclosures without requiring any amendments or restatements, according to a letter shared by the exchange’s Chief Legal Officer. The review process took over two years and focused on the company’s Form 10-K filings. Coinbase remains focused on expanding its offerings.
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Nigerian investors blindsided by massive CBEX Ponzi scheme
Thousands of Nigerians lost millions to a fraudulent digital asset trading platform, CBEX, operating as a Ponzi scheme. Initial reports estimated losses at $800 million, but analysis suggests a lower figure. CBEX lured investors with promises of high profits and AI-driven trading, leading to frozen accounts and backlash. The scam is linked to other international…
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Trump reportedly developing Monopoly-inspired crypto game
President Donald Trump is collaborating with Bill Zanker to create a crypto-based video game similar to Monopoly. The game involves virtual real estate and blockchain technology, but specific details have not been disclosed. Zanker has been involved in Trump family’s digital asset ventures, including NFTs and memecoins. The game is set to launch soon.
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Mantra CEO vows token burn to regain investor trust after OM collapse
Mantra CEO Mullin proposed burning his OM tokens to rebuild investor confidence after the token’s sharp collapse. He holds 772,000 tokens, less than 1% of the circulating supply. The crash was attributed to sudden liquidations on exchanges, prompting concerns of insider activity. Mantra, a Cosmos-based blockchain, aims to tokenize real-world assets.
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OFAC keeps developers in the crosshairs despite Tornado Cash delisting
Despite the removal of Tornado Cash smart contracts from US sanctions in March, developers and operators of decentralized privacy protocols still face potential enforcement. The Treasury Department asserts authority over mutable protocols and developers associated with them. Unclear standards and legal ambiguity regarding sanctions on software developers remain, signaling continued legal exposure.
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VanEck proposes Bitcoin-linked Treasury bonds to offset $14 trillion in US debt
VanEck’s Matthew Sigel proposed BitBonds, combining US Treasuries with Bitcoin exposure, to manage the government’s $14 trillion refinancing. It aligns investor demand for inflation protection with sovereign funding needs. Investors capture Bitcoin’s upside until a 4.5% yield-to-maturity, sharing gains with the government. The structure benefits from lower borrowing costs.
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Elizabeth Warren targets Elon Musk and White House crypto czar David Sacks with new ethics reform bill
A new ethics reform bill, the SEER Act, led by Senator Elizabeth Warren targets Special Government Employees (SGEs) like Elon Musk and David Sacks. The bill seeks to increase transparency and accountability for part-time federal workers serving in advisory roles, especially those with ties to private sector companies with federal contracts.