The crypto market is on the brink of a major breakout with bitcoin BTC$78,258.81 trading at $78,000, the level it failed to breach on Friday and a price it has not topped since January. A break above this level would trigger upside momentum to $80,000 as $180 million worth of futures positions are due to…
Over $10 billion has exited Aave after the Kelp DAO exploit, but the capital hasn’t all gone to one place. After the roughly $292 million exploit broke the cross-chain backing of rsETH, users have spread capital across safer, simpler venues rather than rotating into a direct replacement. Aave’s total value locked has fallen about 40%,…
Another day, another exploit. The security crisis in blockchain-based decentralized finance (DeFi), once touted as a challenger to legacy infrastructure, is only getting worse. The latest victim is Volo Protocol, a platform built on the Sui blockchain, where users deposit assets into yield-generating “vaults,” which function as pooled investments. Deposited tokens such as bitcoin, stablecoins…
There is a popular indicator that crypto pundits watch closely for cues on whether U.S.-based investors, especially institutions, are actually buying bitcoin BTC$78,010.28 or sitting on sidelines watching the market. It is called the Coinbase premium index and as of now it is flashing the most sustained bullish signal since bitcoin traded at record highs…
Bitcoin BTC$77,984.40 is breaking out of the Iran-headline chop. The cryptocurrency topped $78,000 on Wednesday morning, up 2.2% over 24 hours and 4.3% on the week, after President Donald Trump said he would extend the Iran ceasefire indefinitely and Strategy disclosed the purchase of 34,164 BTC for $2.54 billion. Ether rose 2.1% to $2,366, BNB…
British crypto-friendly fintech firm Revolut notified investors that it was targeting a valuation of up to $200 billion in its stock market listing, the Financial Times reported on Tuesday. Europe’s largest fintech firm recently said it would not seek a listing before 2028 and that it had not laid out any formal valuation targets, following…
Prediction markets platform Kalshi is preparing to launch crypto trading in the U.S., according to a report from The Information, expanding beyond its core prediction markets business as competition intensifies across both sectors. The platform plans to start by offering perpetual futures tied to crypto tokens such as bitcoin BTC$77,494.84, people familiar with the matter…
Carmine Agnello, the mob boss John Gotti’s grandson, was sentenced to 15 months in prison for defrauding the U.S. government’s Covid relief funding system out of $1.1 million, proceeds which he used to invest in crypto, the Department of Justice said. In a statement released Monday, the U.S. Attorney’s Eastern District of New York office…
Core Scientific (CORZ) is preparing to raise $3.3 billion through a junk bond sale as it continues its transition toward artificial intelligence-focused data center operations. Demand for AI services has pushed data centers, power supply and advanced chips to their limits. To keep up, firms are tapping riskier parts of the debt market for funds…
April appears to be a lost cause for the crypto Clarity Act, but a U.S. Senate committee hearing sometime in May could keep the critical market structure legislation alive, as long as it can reach a final vote of the overall Senate by July, according to lobbyists and a lawmaker aide focusing on the market…
