Category: crypto

Binance Futures has listed USD-margined perpetual contracts for Jelly amid concerns of market manipulation linked to HyperLiquid. Reports suggest coordinated manipulation strategies involving suspicious trades funded via Binance. This has impacted Jelly’s price, resulting in losses for liquidity providers. Binance’s decision to list Jelly has raised questions about their strategic intentions. HyperLiquid has since delisted…

Optimism is growing for a potential XRP exchange-traded fund (ETF) as Ripple nears the end of its legal battle with the SEC. Nate Geraci suggested regulatory approval may be closer than expected, with BlackRock and Fidelity potentially offering XRP investment products. Ripple’s recent settlement with the SEC has further boosted confidence in the potential for…

Fidelity is reportedly testing its own stablecoin, but has no immediate plans to launch it. Institutional interest in stablecoins is growing due to regulatory clarity and efficiency benefits. Fidelity’s move reflects a broader trend of tokenizing assets. Regulatory environment for stablecoins is evolving, with potential legislation requiring stablecoins to maintain reserves.

A coalition of 34 crypto industry organizations, including firms like Coinbase and Kraken, sent a joint letter to congressional leaders criticizing the DOJ’s broad interpretation of the federal statute on unlicensed money transmission. The letter highlights the conflict between the DOJ and FinCEN guidance, which could impact software developers and open-source development in the US.

Bernstein analysts believe that Strategy, formerly known as MicroStrategy, could accumulate over 1 million Bitcoin by 2033 in a bullish market cycle. They outlined two scenarios depending on Bitcoin’s price trajectory. Despite risks, Bernstein maintained an “outperform” rating on Strategy with a $600 price target. Strategy’s recent purchase of 6,911 BTC further demonstrates its commitment…

The State of Wyoming has started testing its state-issued stablecoin, the Wyoming Stable Token (WYST), on various blockchain networks. This is the first fiat-backed stablecoin issued by a US public entity. The stablecoin is designed to comply with statutory requirements and generate interest for Wyoming’s School Foundation Fund. Governor Mark Gordon highlighted Wyoming’s leadership in…

GameStop plans to offer $1.3 billion in convertible senior notes to fund general corporate purposes and Bitcoin purchases for its treasury. This follows a disclosure of a updated treasury strategy including digital assets. The notes will mature in 2030 and be issued through a private placement to institutional buyers.

Pi Network’s native token PI has dropped 73% from its all-time high of $2.99 in less than a month, trading at $0.81. The network faces criticism for token design and alleged fraudulent activities, including targeting vulnerable users. Pi denies allegations and emphasizes responsible launch intentions while facing skepticism and controversy.

The US SEC plans to host more crypto-focused roundtables in Washington, D.C. to reshape digital asset regulation. Sessions will cover areas such as crypto trading, custody, tokenization, and DeFi, starting on April 11. The SEC aims to modernize oversight of the crypto sector and provide regulatory clarity. Commission aims to engage with industry experts for…

South Korea’s FIU has blocked access to 17 overseas crypto exchange apps on Google Play for not being properly registered. Major exchanges like KuCoin and Poloniex are affected. The crackdown aims to reduce money laundering risks. South Korean law requires all exchanges to register. The country has seen a sharp rise in crypto participation, with…