Fri, July 25

Bitcoin-Ethereum Rebound Influences Mass Liquidation Over $654.22M in 24H 

The crypto market saw mass liquidations over the past 24 hours, totaling $654.22 million. Around 172,659 traders were wiped out — mostly from short positions — highlighting growing pressure on bullish sentiment. The largest cryptocurrency, Bitcoin (BTC) liquidated $321.73 million as its price gained more than 6% and went over

April 23, 2025 2 mins read

Binance Updates Crypto Transfer Rules in South Africa Amid Regulatory Push

Binance, the largest crypto exchange, announced on April 23 that it will gradually introduce changes to crypto withdrawals and deposit procedures for users in South Africa. This step is taken in response to the local regulatory demands.  The users of Binance in South Africa will be asked to provide further

April 23, 2025 2 mins read

Block Earner Secures Legal Victory, Court Dismisses ASIC’s Appeal

Block Earner, an Australia-based FinTech company, has secured a victory as the Federal Court of Australia reversed a decision that the platform needs an Australian financial services license (AFSL) to offer its crypto-linked “Earner” product.  The Australian Securities and Investment Commission announced on April 22 that the recent judgment reversed

April 23, 2025 2 mins read

Former SEC Chair Gensler Criticizes Crypto Market and U.S. Trade Policy

Last week, the former chairman of the U.S Securities and Exchange Commission gave an interview to CNBC in which he bluntly assessed the crypto market. He questioned the long-term potential of most virtual assets and also separated Bitcoin (BTC) from the remaining crypto sphere.  As per Gensler, the crypto ecosystem

April 23, 2025 2 mins read

Cantor Plans $3B Bitcoin Venture With SoftBank, Tether, Bitfinex

Cantor Fitzgerald is stepping forward to create a Bitcoin investment vehicle. The son of the US Commerce Secretary, Howard Lutick, leads the firm and plans to initiate a $3 billion Bitcoin venture. This initiative gathered support from other industry giants such as SoftBank, Tether, and Bitfinex.  The Financial Times reported

April 23, 2025 2 mins read

Tesla Maintains $951M Bitcoin Position Despite Earnings Shortfall

Tesla continues to invest substantially in Bitcoin even though Q1 2025 financial performance proved unsatisfactory. The April 22 earnings report from Tesla shows the company maintains 11,509 Bitcoins worth $951 million as of March 31. However, the value decreased from $1.076 billion at year-end because Bitcoin prices in the market

April 23, 2025 2 mins read

Trump Media Teams with Crypto.com & Yorkville America Digital to Launch Series of ETFs

Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (“TMTG” or the “Company”), the operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, has signed a binding agreement to collaborate with Crypto.com, the prominent cryptocurrency trading platform in the United States, and

April 22, 2025 4 mins read

Creators Over Traders? Base Creator Jesse Pollak Says So

Layer 2 network Base’s architect, Jesse Pollak, expressed his priority towards creators and developers in the crypto space over traders. Following a backlash over an experimental token creation on the “Base is for everyone” tagline, Pump.fun co-founder Alon Cohen and Jesse pollak exchanged their opinions over traders and creators.  Alon

April 22, 2025 2 mins read

Metaplex Faces Legal Heat Over Plans to Redirect User Funds

The U.S.-based law firm Burwick Law has publicly challenged the Solana NFT platform Metaplex over its upcoming plan to transfer unclaimed SOL tokens, worth approximately $7.3 million, into its DAO treasury.  The issue revolves around the resize rent, originally paid by users as part of a blockchain optimization introduced last

April 22, 2025 2 mins read

ECB Warns US Crypto Reforms Could Trigger Financial Instability in Europe

The European Central Bank (ECB) warned of a probable repercussion from excessive US support for the crypto industry. As per the Bank, an increase in dollar-backed stablecoins could lead to the destabilization of the financial system of Europe.  The expansion of dollar-backed stablecoins is to expand the overall reach of

April 22, 2025 2 mins read
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