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The evolving relationship between Bitcoin and traditional financial markets is under renewed pressure as global investors flee risk assets amid intensifying US trade tensions. US-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded their fourth consecutive day of outflows on April 8, with more than $326 million in net redemptions across products, according to data from …
Continue reading “Bitcoin ETFs lose $326M amid ‘evolving’ dynamic with TradFi markets”
The lingering fears triggered by US President Donald Trump’s sweeping global tariffs have analysts increasingly convinced that Bitcoin is now more likely than ever to challenge the US dollar in the years ahead. “Higher chance Bitcoin survives over the dollar in our lifetime after today,” Bitwise Invest head of alpha strategies Jeff Parks said in …
Continue reading “Trump tariffs reignite idea that Bitcoin could outlast US dollar”
An Ether whale who had held 10,000 Ether for the last 900 days has sold their entire stash and missed out on a peak profit of $27.6 million when the cryptocurrency was worth over $4,000. The whale initially bought a total of 10,000 Ether (ETH) across two transactions in October and November 2022 for $13 …
Continue reading “Ethereum whale sells ETH after 900 days, missing $27M possible peak profit”
Ethereum has only outperformed Bitcoin for 15% of all trading days since its launch almost a decade ago, according to analysts. Since Ether (ETH) began trading in mid-2015, it has underperformed against Bitcoin (BTC) 85% of the time, analyst James Check said in an April 8 X post. Data shared by Check shows that Ether …
Continue reading “Ethereum has outperformed Bitcoin just 15% of the time since its launch”
The European Securities and Markets Authority (ESMA) has warned that crypto will increasingly threaten traditional financial markets’ stability as the industry grows and becomes more entwined with traditional finance players. “We cannot rule out that future sharp drops in crypto prices could have knock-on effects on our financial system,” ESMA’s executive director Natasha Cazenave said …
The artificial intelligence agent creation and monetization platform Virtuals Protocol has seen its daily revenue plummet to just $500 as demand for crypto AI agents continues to wane. “Probably one of the wildest crypto charts of the cycle,” Blockworks researcher Sharples said in an April 8 X post. Steep decline in AI agent creation Sharples …
Continue reading “AI agent platform Virtuals revenue plunges to $500 a day with token down 90%”
Former NBA star Shaquille O’Neal has been granted final court approval to settle a class-action lawsuit for $11 million with Astrals non-fungible token (NFT) buyers. Florida federal court judge Federico Moreno granted approval of the settlement between O’Neal and the class group led by Daniel Harper in an April 1 order made available on April …
Continue reading “Shaquille O’Neal gets judge’s greenlight for $11M Astrals NFT settlement”
The team behind US first lady Melania Trump’s memecoin, Melania Meme (MELANIA), has moved $30 million worth of the token out of the project’s community funds and has begun selling them, says blockchain analytics firm Bubblemaps. Bubblemaps said in an April 7 X post that 50 million MELANIA tokens worth around $30 million “was moved …
Continue reading “Melania Trump’s memecoin team ‘quietly sold’ $30M, says Bubblemaps”
Malicious actors are attempting to steal crypto with malware embedded in fake Microsoft Office extensions uploaded to the software hosting site SourceForge, according to cybersecurity firm Kaspersky. One of the malicious listings, called “officepackage,” has real Microsoft Office add-ins but hides a malware called ClipBanker that replaces a copied crypto wallet address on a computer’s …
Continue reading “Hackers hide crypto address-swapping malware in Microsoft Office add-in bundles”
The Trump administration’s sweeping tariffs could collapse US demand for Bitcoin mining rigs, which would benefit mining operations outside the country as manufacturers will look outside the US to sell their surplus inventory for cheaper, says Hashlabs Mining CEO Jaran Mellerud. “As machine prices rise in the U.S., they could paradoxically decrease in the rest …
Continue reading “Trump tariffs could lower Bitcoin miner prices outside US, says mining exec”
