The volatility of US bonds during tariff escalations may reignite Bitcoin’s unique economic properties as a safe-haven and potential reserve asset, Ammous said. Analysts are criticizing the financial implications of US President Donald Trump’s import tariffs, a development that some say highlights Bitcoin’s unique economic properties during times of global uncertainty. Trump’s 90-day pause on...Continue Reading
Bitcoin exchanges are not seeing a rush to sell in 2025, data shows; in fact, users appear to behave like the bull market is beginning. Key points: Bitcoin exchange 100-day average netflows are at their most negative since the start of the current bull market in 2023. Exchange balances continue to plumb new multiyear lows....Continue Reading
KiloEx will compensate users hurt by a $7.5 million exploit, pledging full refunds to traders and bonus rewards for stakers after the price oracle attack. Decentralized exchange (DEX) KiloEx said it will compensate traders and stakers hurt by a $7.5 million exploit that temporarily shut down the platform earlier in April. In an April 24...Continue Reading
Mango Markets has filed a victim impact statement asking the court that in light of Eisenberg’s conviction, to grant $47 million in restitution to the exchange. US federal prosecutors have asked a district judge to sentence Avraham “Avi” Eisenberg, the crypto user convicted of the $110 million exploit of the decentralized exchange Mango Markets in...Continue Reading
Revolut doubles profit to 1 billion pounds in 2024, driven by crypto trading growth, 15 million new users and a long-awaited UK banking license. Fintech giant Revolut reported a record-breaking year, doubling its pre-tax profit to 1 billion British pounds ($1.3 billion) in 2024, driven by rapid customer growth and a resurgence in cryptocurrency trading....Continue Reading
ETF analyst Eric Balchunas said he is “pretty sure this is how I voted,” amid the spot Bitcoin ETF posting a “massive” inflow day not seen since late January. BlackRock’s spot Bitcoin exchange-traded fund has been named the best new ETF product by etf.com, as it recorded its highest inflows since Jan. 21. On April...Continue Reading
Russia’s central bank announced a proposal in March to allow a limited number of Russian investors with a certain amount of assets to buy and sell cryptocurrencies under a three-year experimental regime. Russia’s finance ministry and central bank are reportedly planning to launch a crypto exchange for qualified investors under an experimental legal regime. The...Continue Reading
US prosecutors have shared over 200 victim impact statements in their case against admitted fraudster Alex Mashinsky, whose sentencing is set for May 8. US federal prosecutors have filed statements from hundreds of victims in their case against Alex Mashinsky, the founder and former CEO of the defunct crypto lender Celsius Network. The recently sworn-in...Continue Reading
ZKsync has recovered $5.7 million worth of stolen ZK and ETH tokens after the hacker agreed to return 90% of the funds. The ZKsync Association has confirmed the recovery of $5 million worth of stolen tokens from an April 15 ZKsync security incident involving its airdrop distribution contract. The hacker agreed to accept a 10%...Continue Reading
Bitcoin is up 7.68% over the past 30 days, while the S&P 500 and the Nasdaq are down 6.79% and 8.14% respectively. Bitcoin has shown resilience compared to the broader financial market amid macroeconomic uncertainty, but analysts caution it’s still too early to know whether the trend will last. “We’re not quite there yet, but...Continue Reading
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