Global financial markets continued to tumble on April 7, as US equities dropped more than 3%, wiping more than $2 trillion in value on market open. The pullback saw the S&P 500 drop 2.79%, with the index officially entering a bear market, following a 20% decline from its recent all-time highs. However, the SPX momentarily …
Author Archives: pdgweb
Pakistan appoints Changpeng Zhao as crypto adviser as adoption heats up
Former Binance CEO Changpeng “CZ” Zhao has been appointed as an adviser to Pakistan’s Crypto Council, a newly formed regulatory body tasked with overseeing the country’s embrace of blockchain technology and digital assets. The appointment was confirmed by Pakistan’s finance ministry and reported by Bloomberg on April 7. Zhao will advise the regulatory body on …
Continue reading “Pakistan appoints Changpeng Zhao as crypto adviser as adoption heats up”
Metaplanet repays 2B yen bonds early, CEO comments on BTC ‘down days’
Metaplanet, a Japanese hotel manager turned Bitcoin treasury company, has fully repaid 2 billion yen ($13.5 million) worth of bonds ahead of schedule as it seeks to shore up its financial position. Metaplanet conducted an early redemption of its 9th Series of Ordinary Bonds on April 4, more than five months before the maturity date, …
Continue reading “Metaplanet repays 2B yen bonds early, CEO comments on BTC ‘down days’”
Hodlers on edge: Trump’s tariffs shake Bitcoin, but some are buying the dip
Bitcoin holders are facing renewed pressure following US President Donald Trump’s trade tariff announcement, which sent shockwaves through global financial markets, including cryptocurrencies. However, with Bitcoin (BTC) hodlers now under pressure, some community members, including BitMEX co-founder Arthur Hayes, are not missing a chance to buy BTC at a discount. “Been nibbling on BTC all …
Continue reading “Hodlers on edge: Trump’s tariffs shake Bitcoin, but some are buying the dip”
Was Bitcoin price drop to $75K the bottom? — Data suggests BTC to stocks decoupling will continue
Bitcoin (BTC) fell below $75,000 on April 6, pressured by traditional markets as S&P 500 futures hit their lowest levels since January 2024. The initial panic also caused WTI oil futures to drop below $60 for the first time in four years. However, markets later recovered some losses, allowing Bitcoin to reclaim the $78,000 level. …
A decade-old debate is back as self-custody gets smarter
Opinion by: Alvin Kan, chief operating officer of Bitget Wallet Here we go again: A top centralized crypto exchange (CEX) was hacked, this time likely for the largest sum in humanity’s history. We were lucky to avoid the worst — platform collapse and devastating consequences for the industry. The incident reminded us again that even …
Continue reading “A decade-old debate is back as self-custody gets smarter”
Bitcoin price retakes $80K as US stocks avoid 'Black Monday' meltdown
Bitcoin (BTC) sought a relief rally into the April 7 Wall Street open as US stocks rebounded from a 4%+ loss. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin joins US stocks in relief rally Data from Cointelegraph Markets Pro and TradingView showed the area around $80,000 forming a focus for BTC/USD after the pair hit five-month …
Continue reading “Bitcoin price retakes $80K as US stocks avoid 'Black Monday' meltdown”
Over 90% of WazirX creditors support post-hack restructuring plan
Over 90% of the voting creditors of the Indian crypto exchange WazirX voted in favor of the platform’s post-hack restructuring plan. According to an April 7 announcement, 93.1% of voting creditors who hold 94.6% of the value voted in favor of the plan. All creditors who held crypto balances on the platform were eligible to …
Continue reading “Over 90% of WazirX creditors support post-hack restructuring plan”
Michael Saylor’s Strategy halts Bitcoin buys despite dip below $87K
Michael Saylor’s firm Strategy, the world’s largest publicly listed corporate holder of Bitcoin, did not add to its BTC holdings last week as the cryptocurrency’s price dropped below $87,000. In a filing with the US Securities and Exchange Commission on April 7, Strategy announced it made no Bitcoin (BTC) purchases during the week of March …
Continue reading “Michael Saylor’s Strategy halts Bitcoin buys despite dip below $87K”
ZKasino scammer loses $27M as Ethereum price drops
A wallet linked to the $40 million ZKasino scam lost more than $27 million after a leveraged position was liquidated, marking what some in the crypto community are calling a dose of karmic justice. ZKasino launched in April 2024, luring investor capital by promising an airdrop of its native token to users who bridged Ether …
Continue reading “ZKasino scammer loses $27M as Ethereum price drops”