Crypto casino revenue hit $81B in 2024 despite global restrictions

Crypto casinos generated more than $81 billion in revenue in 2024, even as regulators in key jurisdictions continued to block access to the platforms, according to a new report.

Citing data from the anti-online-crime platform Yield Sec, the Financial Times reported that wagers paid in crypto in 2024 generated $81.4 billion in gross gaming revenue (GGR). This metric refers to the difference between bets taken and winnings paid out.  

Yield Sec data also showed that the annual revenue for crypto casinos has increased five times since 2022, despite gambling sites being blocked in the United States, China, the United Kingdom and the European Union. 

Crypto casino Stake rivals traditional betting platforms

Betting platform Stake reported that its GGR in 2024 was around $4.7 billion, up 80% since 2022. This puts it on a par with some of the biggest gambling groups, such as Entain and Flutter. Entain reported $5

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Bitcoin rally above $100K may follow US Treasury buybacks — Arthur Hayes

Investors seeking Bitcoin exposure may be running out of time to purchase below a six-figure price, as US Treasury buybacks may signal the next leg up for the world’s first cryptocurrency.

This might be the “last chance” to buy Bitcoin (BTC) below the $100,000 mark, according to Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom.

“Seriously fam, this might be the last chance you have to buy $BTC < $100k,” Hayes said in an April 21 X post, hinting at incoming “treasury buy backs” as the “Bazooka” for Bitcoin’s price trajectory.

Source: Arthur Hayes

Treasury buybacks refer to the US Treasury Department repurchasing its outstanding bonds from the open market to increase liquidity, manage federal debt or stabilize interest rates.

These operations can inject liquidity into the financial system, often benefiting risk assets like Bitcoin.

Related: <a

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Ethereum Foundation shifts focus to user experience, layer-1 scaling

The Ethereum Foundation, the nonprofit organization developing the Ethereum ecosystem, is shifting its focus to user experience and layer-1 scaling challenges following its recent leadership reshuffle. 

On April 21, the Ethereum Foundation co-executive director Tomasz Stańczak shared an X post detailing how the organization has changed since its change in leadership structures.

Stańczak said the change aims to give Ethereum co-founder Vitalik Buterin more time for research and exploration rather than dealing with day-to-day tasks and crisis management.

“Each time Vitalik shares insights or communicates a direction, he accelerates major long‑term breakthroughs,” he wrote.

Stańczak added that Buterin’s recent posts advanced promising avenues and helped realign the community around the organization’s core values. 

Vitalik Buterin tackles Ethereum privacy and speed

On March 1, the Ethereum Foundation announced that its core researcher Hsiao-Wei Wang and Stańczak, the CEO of Nethermind, would become the co-directors of

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US dollar goes 'no-bid' — 5 things to know in Bitcoin this week

Bitcoin (BTC) is eyeing new April highs as macro instability suddenly delivers a tailwind for BTC price performance.

Bitcoin is on the way up, nearing $88,000, but few market participants are willing to trust the strength of snap price moves.

A new macro week dawns in the shadow of the US trade war, with Federal Reserve speakers lining up to take to the stage.

Gold is shattering all-time highs again, but this time Bitcoin is starting to react.

US dollar weakness exhibits historic traits as three-year lows spark bullish predictions for Bitcoin and commodities.

The newest BTC hodlers are already profiting from the latest move, but speculators are waiting for a reclaimation of $91,000.

BTC price spike met with skepticism

Bitcoin is starting the week off right with a 3% rise on the back of fresh macroeconomic turmoil amid the US-China trade war.

BTC/USD reached $87,705 after the April 20 weekly close, data

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Metaplanet tops $400M Bitcoin holdings with new $28M purchase

Japanese investment firm Metaplanet increased its Bitcoin holdings to more than $400 million after its latest purchase.

Metaplanet acquired 330 Bitcoin (BTC) for $28.2 million at an average price of $85,605 per BTC, bringing its total holdings to 4,855 Bitcoin worth $414 million, according to an April 21 post from Simon Gerovich, the CEO of Metaplanet.

The firm’s Bitcoin yield surpassed 119% year-to-date after its latest investment.

Source: Simon Gerovich

Metaplanet issued 2 billion Japanese yen ($13.3 million) of bonds to buy more Bitcoin on March 31, Cointelegraph reported.

Related: UK firm buys $250M Bitcoin as analysts eye quiet Easter weekend

The $414 million in Bitcoin holdings make Metaplanet Asia’s largest and the world’s 10th-largest corporate Bitcoin holder, Bitbo data shows.

Source: <a data-ct-non-breakable="null" href="https://treasuries.bitbo.io/"

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Crypto adoption will be driven by high-growth markets, with or without the US

Opinion by: Dominic Schwenter, chief operating officer of Lisk

The US is in the middle of a crypto boom. Exchange-traded fund approvals have opened the door to institutional adoption, liquidity is increasing, and regulatory clarity is beginning to take shape under a more crypto-aligned administration. Filings from the Securities and Exchange Commission referencing blockchain hit an all-time high in February 2025, signaling a broader shift in how seriously the technology is being taken at the highest levels.

This momentum is good for the industry. US-based crypto companies have spent nearly a decade building through regulatory uncertainty, and they deserve the attention and rewards that are finally arriving. Is institutional support finally showing up? It’s overdue — and well-earned.

Zooming in on the US too much, however, puts the industry at risk of missing what’s happening elsewhere. Some of the most important crypto adoption

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Crypto vs. traditional stocks and bonds: What’s the difference?

Crypto, stocks and bonds: Are they the same?

When you dive into investing, you’ll find three frequently utilized investment options: Crypto is the risky thrill-seeker’s choice, stocks offer a middle ground with growth potential, and bonds are for those who prefer a steadier, more predictable path. 

While both stocks and crypto offer growth potential, regulation makes stock market investments more structured and predictable, and crypto aims for decentralization and remains less regulated.

Crypto

Cryptocurrency is a digital currency built on blockchain technology, a decentralized, transparent and secure system that records all transactions. No entity, such as a bank, directly controls it. Crypto is known for massive swings — big gains (and losses) can happen fast, making it exciting for those who want to play the high-risk game. 

Although cryptocurrency has been available for a while, its adoption has surged in recent years, gaining traction among retail

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Synthetix founder threatens SNX stakers with ‘the stick’ to fix SUSD depeg

Synthetix founder Kain Warwick has threatened SNX stakers with “the stick” if they don’t take up a newly launched staking mechanism to help fix the protocol’s ongoing sUSD (SUSD) depeg.

Warwick said in an April 21 post to X that it has now implemented a sUSD staking mechanism to address the depeg, but admitted it is currently “very manual” without a proper user interface. 

However, once the UI goes live, Warwick said, if there isn’t enough momentum, then they may have to “ratchet up the pressure” on the stakers in the sUSD 420 pool.

The sUSD 420 Pool was a new staking mechanism introduced on April 18 by Synthetix that would reward participants with a share of 5 million SNX tokens over 12 months if they locked their sUSD for a year in the pool. 

“This is very solvable and it is SNX

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Bybit CEO: Two-thirds of Lazarus-hacked funds remain traceable

Crypto exchange Bybit co-founder and CEO Ben Zhou says more than two-thirds of the digital assets stolen from the platform in February by North Korea’s Lazarus Group still remain traceable. 

In an executive summary on hacked Bybit funds posted on X on April 21, Ben Zhou said that of the total $1.4 billion hacked, 68.6% “remains traceable,” 27.6% has “gone dark,” and 3.8% has been frozen.

The untraceable funds primarily flowed into mixers, then through bridges to peer-to-peer and over-the-counter platforms, he added. 

In February, hackers associated with the Lazarus Group exploited vulnerabilities in Bybit’s cold wallet infrastructure, stealing $1.4 billion in the largest crypto exchange hack to date.

“Recently, we have observed that the mixer mainly used by the DPRK [Democratic People’s Republic of Korea] is Wasabi,” Zhou said before stating that following the Wasabi washing of BTC,

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Users being polite to ChatGPT is costing OpenAI millions — Sam Altman

OpenAI CEO Sam Altman says users sending “please” and “thank you” messages to ChatGPT is costing the company tens of millions of dollars.

“Tens of millions of dollars well spent — you never know,” Altman said on April 16 after being asked to estimate the cost on X.

Source: Sam Altman

Altman’s response sparked discussion about what drives users to interact with AI models in a polite manner.

Some AI users say they interact politely with the bots in case AI becomes sentient and starts treating people based on how they interacted with it in the past.

Source: Zvbear

Others, such as engineer Carl Youngblood, claim they’re motivated to treat the AI well for personal development:

“Treating AIs with courtesy is a moral imperative for me. I do it out of self-interest. Callousness in our daily interactions

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