Category: crypto

Bitcoin has recovered to nearly $98,000, easing financial stress in the network. Market behavior has improved with increased capital inflows and investor sentiment. Short-term holders hold 83% of unrealized losses, but are regaining confidence. Institutional interest is rebounding, with US spot Bitcoin ETFs seeing significant inflows. Volatility is low, but further gains are not guaranteed.…

Movement Labs has removed co-founder Rushi Manche and restructured under the new name, Move Industries, following a high-profile investigation into suspicious market activity involving their MOVE token. The new leadership, with Torab Torabi as CEO and Will Gaines as president, aims to rebuild trust by focusing on community engagement and technological development.

World Liberty Financial (WLFI), a DeFi project associated with the Donald Trump family, is considering an airdrop of its new stablecoin, USD1. A community vote showed strong support for the proposal, with only a small fraction opposing it. The airdrop aims to test infrastructure, engage early supporters, and increase visibility for USD1. If approved, WLFI…

Futu Securities, a well-known brokerage in Hong Kong, has introduced crypto deposit services on its Futu NiuNiu platform. Users can now deposit and trade top digital assets like Bitcoin and Ethereum. This move expands the platform’s offerings beyond traditional financial instruments and aims to bridge the gap between traditional and digital markets.

MoonPay’s U.S. users can now buy TRX directly, allowing them to participate in TRON’s DeFi ecosystem. This partnership opens up new opportunities for engagement. The cover art/illustration for this news is provided by CryptoSlate and may contain AI-generated content.

Senate Democrats introduced the End Crypto Corruption Act, which aims to prevent elected officials from benefiting from cryptocurrencies. The timing targets President Trump’s involvement in the crypto sector, particularly his memecoin USD1. The bill also intersects with the GENIUS Act, a stablecoin regulatory framework, sparking debate over ethics and financial activities of officials.

Top crypto exchanges Binance and Coinbase will temporarily pause Ethereum deposits and withdrawals in preparation for the upcoming Pectra upgrade. Both exchanges will suspend ETH transfers as a precaution during the upgrade process. The Pectra upgrade integrates eight Ethereum Improvement Proposals, including account abstraction allowing users to pay gas fees using tokens other than ETH.

Changpeng Zhao, founder of Binance, has applied for a presidential pardon from the US government following media speculation. Reports suggested the request may be linked to a financial arrangement with the Trump family and cooperation against others in the crypto space, which Zhao denies. He praised Trump’s business negotiation style in a podcast interview.

Bitcoin markets are anticipating volatility as the Federal Open Market Committee meets. Economic indicators show contraction and inflation, putting the Fed in a tough position. Bitcoin’s response to Fed decisions has been significant. Analysts predict various outcomes for Bitcoin prices post-meeting, with factors like interest rates and institutional adoption influencing its trajectory.

Ethereum has successfully activated the Pectra upgrade on its mainnet, introducing changes that enhance user experience, increase data capacity, and simplify node operations. The upgrade, confirmed by Tim Beiko of the Ethereum Foundation, marks a significant milestone for the network. However, some security experts have raised concerns about potential vulnerabilities introduced by the upgrade.