Category: crypto

Bitcoin outperformed major tech stocks on April 3 and April 4 amidst steep losses in the tech sector. Standard Chartered’s Geoffrey Kendrick highlighted Bitcoin’s resilience as a dual-purpose asset, acting as both a growth trade and a hedge against macro risks. Kendrick emphasized Bitcoin’s potential as a hedge against US isolation and suggested a possible…

PayPal is expanding its crypto offerings to include Solana and Chainlink for US users on its platform and Venmo. This move aims to cater to a broader segment of users and reflects the company’s long-term belief in digital assets. PayPal first entered the crypto market in 2020 and issued its own stablecoin in 2023.

The DTCC has launched a new tokenized collateral management platform, utilizing blockchain technology for real-time settlement and automated operations. This move represents a significant institutional commitment to decentralized finance in the US. The platform aims to streamline collateral workflows across markets and is supported by industry giants like BlackRock and JP Morgan. Regulatory clarity in…

In 2025, a new phenomenon called Cult Coins is gaining momentum in the cryptocurrency market. Cult Coins exploit psychological mechanisms of tribalism and social identity, forming devoted communities around influential figures. These coins go beyond financial speculation, focusing on community and shared belief systems. While they offer belonging and meaning, they also raise ethical concerns…

Coinbase Derivatives filed with the CFTC to launch an XRP futures contract, pending approval by April 21, 2025. This move aims to provide regulated exposure to XRP through derivatives, potentially increasing institutional participation and legitimacy in traditional finance. Speculation about a spot XRP ETF approval is also growing, with several asset managers expressing interest.

Solana experienced its largest single-day token unlock, with over $200 million worth of SOL entering circulation as investor interest in the network weakens. Over 1.3 million SOL tokens were released from staking, the biggest single unlock expected until 2028. Some holders are transferring tokens to exchanges, possibly to take profits or exit positions.

The Pi Network community is becoming increasingly frustrated as the token reaches record lows, with concerns over the project’s direction. Pi Network Turkey accused the team of sidelining user voices and outlined grievances such as delays in the mainnet launch and lack of transparency. Users are planning a protest if demands are not met.

Former Binance CEO CZ signed a MoU with the Kyrgyz Republic to support blockchain and crypto infrastructure. The agreement focuses on technological infrastructure, digital asset frameworks, and education in blockchain. The collaboration aims to strengthen the country’s economy and governance systems by integrating blockchain technology. Zhao sees this as part of a global initiative.

Bitwise Asset Management has launched three new ETFs focused on generating monthly income from the high volatility of crypto-linked stocks. The ETFs, including Bitwise Coinbase Option Income Strategy ETF, use a covered call strategy and have a net expense ratio of 0.98%. They offer consistent returns but cap potential upside.

The SEC’s Crypto Task Force met with representatives from BlackRock and the Crypto Council for Innovation to discuss regulatory issues related to crypto exchange-traded products (ETPs). BlackRock discussed in-kind redemptions for crypto ETPs, while the CCI discussed staking on ETPs. The meetings signal continued institutional interest in advancing regulatory clarity for crypto financial products.