Terra co-founder Do Kwon's extradition to South Korea has been delayed due to a legal challenge by the top prosecutor of Montenegro, who argues that the extradition decision exceeded the court's powers. Kwon is currently facing extradition requests from both South Korea and the U.S.
Bitcoin slipped below $65,000 as the U.S. dollar strengthened following the Swiss central bank's interest rate cut, while altcoins like XRP, FIL, and ICP performed well, and analysts predict that Bitcoin will target higher levels in the next phase of its uptrend.
Bitcoin will hit $90,000 by the end of 2021, according to AllianceBernstein, who remain bullish on the cryptocurrency despite its recent price drop.
Ripple (XRP) price is facing bearish pressure from the broader market and a decline in investor participation, leaving the cryptocurrency vulnerable to further decline and unlikely to break out of its current consolidation pattern, unless it can breach the breaking point and invalidate the bearish thesis.
The Ronin network, powered by its popular game Axie Infinity, has seen a significant increase in user base, surpassing other gaming platforms like Solana's DeFi landscape and TON, by over 700% this year due to the popularity of its new game, Pixels.
Web3 advocates are striving to address the centralized nature of the current web ecosystem and regain control over user data, with platforms like The Graph aiming to create a decentralized internet and integrate AI through fully open-source and blockchain-based data training, despite the AI community currently showing less interest in the blockchain.
The global cryptocurrency market experienced a decline, with Bitcoin's price dropping and wiping off $400 billion of value; however, Solana, Cardano, and Pepecoin have emerged as top-performing cryptocurrencies, with Solana surpassing Ethereum in trading volume, Cardano launching a new stablecoin, and Pepecoin gaining popularity as a meme coin.
Optimism is growing in Congress that important crypto regulation could be passed before the presidential elections, with Rep. Patrick McHenry expressing confidence in the improved chances of enacting legislation to provide regulatory clarity for the crypto market.
Crypto traders experienced a surge in buying activity as 90% of the top 100 coins saw significant price increases in the last 24 hours, with Bitcoin and Ethereum rising by 5% and 7% respectively, following a period of panic where Bitcoin fell 14.4%; meanwhile, memecoins and overall market capitalization also showed positive growth.
FTX Trading CEO John Ray disputes Sam Bankman-Fried's claims of no harm done to customers, lenders, and investors, highlighting the vast amount of funds lost and the lack of remorse, as well as the ongoing efforts to recover the lost funds.
Solana (SOL), a top Ethereum competitor, is showing strength after retesting the $165 Fibonacci retracement level, leading a crypto strategist to remain bullish on the cryptocurrency in the long term.
The recent decline in Bitcoin's price has led to significant outflows from spot Bitcoin exchange-traded funds, totaling over $742 million this week alone, largely driven by the outflows from the Grayscale Bitcoin Trust.
The Swiss National Bank (SNB) has cut its benchmark interest rate by 25 basis points, a move that could be a positive sign for crypto markets that have historically followed global macroeconomic policy; the decision was based on inflation being below 2% and in line with the SNB's idea of price stability.
Bernstein raised its year-end bitcoin price target to $90,000 and boosted its outlook on cryptocurrency mining stocks, citing a new bitcoin bull cycle, strong ETF inflows, and high miner revenues.
BlackRock aims to tokenize $10 trillion of its assets in partnership with Securitize, signaling a broader trend of tokenizing real-world assets and redefining investment strategies through digitization and blockchain technology.
Ethereum co-founder Vitalik Buterin expressed disappointment that the usage of layer-2 networks following the Dencun upgrade has been lower than expected despite the successful implementation, noting that transaction volumes have doubled but not to the extent they had hoped for. However, developers believe that the integration of Dencun with all layer-2 networks and the rising demand for blob usage will eventually lead to increased transaction costs.
Central banks, driven by China's dominance in the gold market and the BRICS de-dollarization push, are acquiring gold as preparation for a potential collapse of the US dollar and to diversify their asset holdings.
A gaming token on layer-2 network Blast called Super Sushi Samurai (SSS) has been exploited, resulting in a loss of $4.6 million and more than a 99% drop in value, due to a vulnerability in the smart contract's mint function.
Rails, a decentralized crypto exchange, has raised $6.2 million to fill the void left by the defunct FTX exchange, with a focus on building both centralized and decentralized technology and catering to institutional clients and high-net-worth investors.
Vitalik Buterin introduces Ethereum Rainbow Staking, a two-dimensional staking model that aims to incentivize solo stakers and smaller operators for a more inclusive and decentralized network.
Ethereum's functionality has laid the foundation for the protocol economy, enabling the creation of various applications and economies within its infrastructure, with over 115 million token holders and a total economic value estimated at $740 billion. The network's financial state is robust, and investors can now own a direct stake in the network's success, highlighting the advantages of protocol economies over traditional platform economies. Staking is an integral process in Ethereum, allowing holders to contribute to network security and receive a native yield in exchange.
The Avalanche Foundation has launched Meme Coin Rush, a $1 million liquidity mining program to boost the meme coin ecosystem on the Avalanche blockchain by providing rewards for liquidity in meme coin trading pools on specific DeFi platforms.
Bitcoin's recent decline from all-time highs is not unusual as historical trends show significant price retracements leading up to the bitcoin halving event, which is followed by an extended rally, according to Benchmark Managing Director Mark Palmer. He also highlights the potential impact of demand shocks from the approval of spot bitcoin ETFs and the spillover into crypto-related stocks.
Chinese takeaway worker Jian Wen was convicted of a money laundering offense in London after converting stolen bitcoin worth billions into cash and luxury items, on behalf of an international fraudster.
The Core Foundation has launched the Core Venture Network, a community of venture capitalists and investors supporting the development of Core Chain, offering $15 million in regional ecosystem funds for projects in Africa, Latin America, and Southeast Asia.
Solana and Ethereum have experienced gains in the past day, with SOL increasing by 10% and ETH by 6%, but Ethereum is currently 10% lower than last week, while SOL has gained 10.2%; meme coins such as Floki Inu, Dogecoin, and PepeCoin have also seen positive movements, with Floki becoming the official cryptocurrency partner for the World Table Tennis Championship, but these meme coins are known for their volatility and short lifespans in the market.
Bernstein has increased its year-end price target for Bitcoin to $90K from $80K and expects a 7% reduction in hashrate post halving, making bitcoin miners attractive investments for equity investors seeking exposure to the cryptocurrency market.
US spot-Bitcoin exchange-traded funds experienced their largest outflow in three days since their launch in January, signaling a shift in demand for exposure to the token and reflecting a moderation in subscriptions for offerings from Grayscale Bitcoin Trust, BlackRock, and Fidelity Investments.
The Securities and Exchange Commission (SEC) is issuing subpoenas to U.S. companies regarding their dealings with the foundation overseeing the Ethereum blockchain, potentially subjecting the entire Ethereum network to securities laws, resulting in broad and unpredictable consequences for the crypto industry. The agency's timing is suspect, with speculation that it is related to Ethereum's switch to a proof-of-stake model in 2022, but the argument that Ethereum is now a series of stock-like investment contracts is not strong, and the SEC is likely to lose if the case goes to court. The SEC's actions can be attributed to political pressure and an ideological fixation, particularly from progressive allies of SEC chairman Gary Gensler, who are pushing for greater control over the crypto industry despite the decentralized nature of Ethereum.
Stock market indexes reach all-time highs following the Federal Reserve's decision to control inflation, Reddit prepares for its IPO on the New York Stock Exchange, and Bitcoin rebounds above $67,000 after a recent slump.
Immutable Games will release its mobile role-playing game, Guild of Guardians, globally on May 15, featuring a free-to-play crypto quest where players can guide adventurers through dungeons and battle bosses to collect loot, and the game has already garnered over a million pre-registered players; in preparation for the launch, Guild of Guardians is introducing an on-chain crafting system, called The Altar of Sacrifice, on March 25, allowing players to collect and combine NFTs for new rewards.
French energy company EDF's subsidiary Exaion has become a validator on the Chiliz Chain, joining forces with the blockchain platform to enhance its blockchain efforts in sports and entertainment, leveraging its expertise in energy and technology.
The US Securities and Exchange Commission (SEC) is requesting a $2.6 billion budget for the 2025 fiscal year to enhance its oversight of the crypto sector and expand its workforce, targeting over 5,000 positions, in order to better police digital assets and emerging technologies.
An investor holding a large amount of ether (ETH) transferred 12,000 ETH to Binance, indicating a possible intention to sell or trade the cryptocurrency, despite its 11% rise on Wednesday.
Bitcoin's mainstream adoption, future upside potential, and its role as a digital gold make it the ultimate cryptocurrency to invest in right now, with the potential for significant returns in the future.
Coinbase CEO Brian Armstrong believes that Ethereum (ETH) should be classified as a commodity under US federal law, similar to Bitcoin (BTC), and argues that the SEC should approve ETH exchange-traded funds (ETFs) without delay, despite conflicts among federal agencies over the classification.
Co-founder of bankrupted cryptocurrency hedge fund, Kyle Davies, shows no remorse for losing $3.5 billion in investor funds and remains on the run in an undisclosed location, stating that every company goes bankrupt.
Coinbase suggests that while the upcoming bitcoin halving may reduce supply and historically lead to strong price performance, other factors such as macro influences should be considered and investors should approach the halving's impact on bitcoin's performance with caution.
Asteroid mining game SpaceY allows players to mine Bitcoin and cash out their earnings, although the process is slow and only earns a few pennies per hour.
Bitcoin has rebounded after a recent drop, reaching a price of $68,120.08, but there have been significant withdrawals from Bitcoin funds such as Grayscale Bitcoin Trust (GBTC).
Crypto markets experienced volatility overnight as bitcoin and ether tumbled before recovering to trade 15% higher than their Wednesday lows, with sentiment reversing after Jerome Powell's dovish FOMC speech.
Bitcoin, the well-known cryptocurrency, has the potential to increase in value by 635% in the next five years, according to reputable Wall Street analyst Tom Lee, who predicts it could reach $500,000, citing increased demand due to spot Bitcoin ETFs and the forthcoming halving of Bitcoin mining rewards.
The seven stocks known as the "Magnificent Seven" have significantly outperformed the market in the past five years, but investors should diversify their portfolios and consider investing in Bitcoin, which has outperformed nearly every other asset class and could potentially soar 635% in the next five years, according to reputable Wall Street analyst Tom Lee.
Analyst Bluntz is bullish on altcoin Myro (MYRO) and predicts a potential surge of 163% based on the Elliott Wave theory, while also suggesting that altcoin dogwifhat (WIF) could hit a new all-time high just below $5.
The widening spread between next-month and front-month bitcoin futures contracts suggests a high level of speculation in the market and may indicate an impending market top.
Political finance meme coins on the Solana blockchain, such as TREMP, have gained popularity and a market capitalization of $22 million, attracting thousands of holders and causing congestion on the network. Despite critics, the creators of these meme coins see it as a fun and community-driven project rather than a political statement.
The Chandler Police Department is aiming to warn people about potential scams at crypto ATMs due to a rise in fraud cases and millions of dollars being taken from victims in Chandler, Arizona.
Coinbase Derivatives plans to launch futures trading for Dogecoin, Litecoin, and Bitcoin Cash, aiming to use the self-certification route under CFTC Regulation 40.2(a) to list these contracts without direct approval from the CFTC.
BlackRock received $100 million in USDC and subsequently received various memecoins and NFTs on its Ethereum wallet, coinciding with the launch of its institutional digital liquidity fund in partnership with Securitize.
Investment giant BlackRock is launching its first tokenized asset fund, called BUIDL, on the Ethereum network, offering investors the benefits of blockchain-based ownership and trading, transparent settlement, and improved access to on-chain offerings. The fund's initial investment minimum is $5 million, and BlackRock is partnering with Bank of New York Mellon and Securitize for custodial and administrative services.
