Category: crypto

Two U.S. military aircraft were shot down by Iran on April 3 during combat operations, with one crew member rescued and another missing. The incidents contradict U.S. claims of air dominance over Iran. The war has claimed American lives and wounded many, while Iran’s response includes attacks on oil facilities.

Polymarket faced criticism and backlash for a market tied to a missing US service member, leading to its removal. Lawmakers and users questioned ethics, safeguards, and insider-trading risks in prediction markets. Polymarket said the listing did not meet integrity standards and is reviewing how it passed checks. The controversy highlighted concerns about sensitive real-world events…

Defense Secretary Pete Hegseth forced Army Chief of Staff General Randy George into immediate retirement on Thursday amid conflicts over diversity-linked promotion decisions. Hegseth removed George, along with two other generals, following clashes over blocked promotions for Black and female officers. Hegseth’s former military aide, Gen. Christopher LaNeve, was named acting Army Chief of Staff.

The Digital Asset Market Clarity Act’s language on stablecoin yield has been discussed in closed-door sessions on Capitol Hill. A compromise bans passive yield but allows rewards tied to user activity. The banking industry is concerned about potential deposit flight. The bill faces opposition from some industry stakeholders and unresolved issues.

X, headed by Nikita Bier, is introducing a security feature on Elon Musk’s platform that automatically locks accounts mentioning cryptocurrency for the first time to prevent phishing attacks. This measure aims to eliminate the financial incentive behind crypto scams and protect users from fraudulent token promotions. The feature triggers on the first crypto-related post, requiring…

Traders are closely monitoring Ethereum, Bitcoin, Solana, USDC, Pippin, and Chainlink in the digital asset market. Ethereum and Bitcoin are top picks, with discussions on quantum risks, ETF flows, staking, and market activity. Solana faces security concerns after exploit reports, while USDC, Pippin, and Chainlink gain attention for compliance claims and token unlocks.

Block plans to bring back the Bitcoin faucet model on April 6 through a new site called btc.day. This initiative is part of Jack Dorsey’s efforts to increase Bitcoin access and education. The website currently features a countdown timer and branding related to the old faucet concept. The company has not disclosed the rules for…

A Nevada court has extended the ban on Kalshi’s event contracts, equating them to sports betting. The case highlights the clash between state gambling laws and federal oversight over prediction markets. The judge granted a preliminary injunction, preventing the company from offering contracts without a gaming license in Nevada. Other states are also taking legal…

Traders are pricing fewer Fed cuts in 2026 due to U.S. unemployment dropping to 4.3%, impacting liquidity for Bitcoin and Ethereum but not causing a risk-asset capitulation. This shift reflects skepticism about inflation returning to target quickly enough for deep easing, while the labor market remains strong, leading to a slower normalization of real yields.

The Ethereum Foundation completed its 70,000 ETH staking target by depositing approximately 45,000 ETH worth $93 million in a single on-chain session on April 3. This marks a shift in funding operations from periodic ETH sales to yield-bearing staking. The foundation aims to strengthen network security and generate annual revenue of $4-6 million.