Media Network (MEDIA) plummeted to $1.58 on April 16, slashing its market capitalization from over $1 million to approximately $430,000. This sharp decline was accompanied by an 85% drop in trading volume within 24 hours, as investors rushed to exit their positions. The downturn followed Coinbase’s decision to officially delist ...
South Korean presidential candidate Hong Joon-pyo has promised to remove cryptocurrency regulations, drawing a parallel to the regulatory rollback seen during the Trump administration in the U.S. His commitment aims to advance blockchain technology in the country. At a policy event in Seoul on April 16, Hong stated his intention ...
Avalon Labs has launched an institutional layer on Bybit to improve Bitcoin lending and yield opportunities for institutional investors. The new platform is designed to provide a secure and efficient environment for institutions to engage in Bitcoin lending activities, offering advanced risk management tools and customized services. The institutional layer ...
Canada is set to launch the world’s first spot Solana (SOL) exchange-traded funds (ETFs) that will include staking rewards on April 16, following approval from the Ontario Securities Commission (OSC). Four major issuers—Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ—will provide these groundbreaking funds, representing a significant milestone ...
The crypto lending market saw a significant decline by the end of Q4 2024, with total outstanding loans estimated at $36.5 billion, well below the late 2021 peak of $64.4 billion, as highlighted by Galaxy Digital report. The recent decline in the market can be attributed to the collapse of ...
Gate.io has officially launched the seventh season of its World Crypto Trading Competition (WCTC S7), kicking off on April 15, 2025, with a massive prize pool of $5 million. This global event aims to attract crypto traders of all levels by offering a unique and engaging trading experience with substantial ...
Arthur Cheong, founder of DeFiance Capital, has voiced serious concerns over what he describes as rampant price manipulation in the cryptocurrency market—an issue he believes threatens the very foundation of investor trust. In an X post, Cheong warned that many token projects now collaborate closely with market makers behind the ...
Metaplanet has increased its Bitcoin holdings by acquiring an additional 319 BTC, raising its total to 4,525. This recent purchase, valued at around ¥3.78 billion ($26.3 million) at an average price of ¥11.85 million ($82,549) per Bitcoin, highlights the company's ambitious expansion strategy in the cryptocurrency market. The company currently ...
A Chinese court has sentenced nine individuals involved in a telecom fraud ring that defrauded over 66,000 Indian victims, laundering the proceeds through Tether's USDT stablecoin. The operation, which stole 517 million Indian rupees (approximately $6.2 million), was orchestrated through fake investment platforms, according to The Global Times. The scheme ...
A prominent Russian economist has suggested that Moscow’s cryptocurrency adoption may have significantly stabilized the ruble in recent months. This claim was made by Professor Oleg Vyugin from the National Research University Higher School of Economics (HSE), according to a report by Russian news outlet RIA Novosti. Vyugin, who has ...
