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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 higher reciprocal tariffs, reverting them to a 10% baseline for most countries except China, has exposed vulnerabilities in the US bond market, according …
Continue reading “Trump fought the bond market, and the bond market won: Saifedean Ammous”
South Korean exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) tokens after it was flagged by the Digital Asset Exchange Alliance (DAXA) for potential risks. DAXA, the self-regulatory organization establishing industry standards for South Korean exchanges, designated SNX as a cautionary item. Assets receiving this designation typically undergo rigorous evaluations to determine whether …
Continue reading “Upbit and Bithumb suspend Synthetix token deposits, citing sUSD risks”
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. Whales are particularly active buyers this month, while retail shows classic “panic selling.” Bitcoin (BTC) exchanges are evoking the end of the 2022 crypto bear …
Continue reading “Bitcoin exchange outflows mimic 2023 as whales buy retail 'panic'”
Shaquille O’Neal has settled with investors who claim losses from the collapse of cryptocurrency exchange FTX, according to an April 23 filing in the US District Court for the Southern District of Florida. The settlement amount remains confidential, with terms expected to be disclosed after investors formally request preliminary court approval, according to court documents. …
Continue reading “Shaquille O’Neal reaches settlement in FTX lawsuit, terms remain secret”
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 announcement, KiloEx said traders who had positions open while the platform was suspended would get full compensation if their losses increased or profits decreased. The …
Continue reading “DeFi platform KiloEx to compensate users impacted by $7.5M hack”
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. According to its annual report published on Thursday, April 24, Revolut’s profit soared from 438 million pounds in 2023, while revenue jumped to 3.1 …
Continue reading “Revolut doubles profits to $1.3B on user growth, crypto trading boom”
Quantitative easing (QE), explained Quantitative easing (QE) is a non-traditional monetary policy tool used by central banks, particularly when interest rates are already low and cannot be reduced further. It was popularized during the 2008 global financial crisis when traditional monetary tools, like lowering interest rates, were insufficient to stimulate economic growth. The main goal …
Continue reading “What is quantitative easing, and how does it work?”
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 2022, to at least six and a half years behind bars. Ahead of Eisenberg’s May 1 sentencing hearing, US prosecutors are petitioning US District Judge Arun …
Continue reading “Prosecutors seek over 6 years prison for Mango Markets exploiter”
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 interim US Attorney for Manhattan, Jay Clayton, said in an April 23 letter to a Manhattan federal court that he was sharing “more than …
Continue reading “US prosecutors file over 200 victim statements in Celsius ex-CEO’s case”
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% bounty and return 90% of the remaining stolen tokens, transferring the ZKsync Security Council almost $5.7 million across three transfers on April …
Continue reading “ZKsync recovers $5M of stolen tokens after hacker accepts bounty offer”
