KiloEx has suspended operations and is collaborating with partners to trace the stolen funds and blacklist the attacker's wallet.
The yield on 30-year Japanese government bonds has surged to its highest level since 2004, raising concerns among investors.
The governor of the Northern Mariana Islands, a small Pacific US territory just north of Guam, has killed the legislation that would have allowed one of the territory’s local governments to launch a fully backed US dollar-pegged stablecoin.In an April 11 letter seen by Cointelegraph, Northern Mariana Islands Governor Arnold Palacios said he vetoed the bill as it “presents several legal issues and may be unconstitutional.”Palacios’ letter said the bill, which largely dealt with issuing licenses to internet casinos, would regulate an activity that could not “be clearly restricted” to Tinian, a small island forming part of the territory that was hoping to launch a stablecoin.Tinian, which has just over 2,000 residents and a largely tourism-based economy, is governed by the local government, the Municipality of Tinian and Aguiguan, one of four municipalities in the Commonwealth of the Northern Mariana Islands.In February, Republican Northern Marianas Senator Jude Hofschneider led the introduction of the bill to amend a local Tinian law to allow internet-only casino licenses, which tacked on a provision allowing the Tinian treasurer to issue, manage and redeem a “Tinian Stable Token.” The four-member Tinian delegation to the Marianas legislature passed the bill in a unanimous vote on March 12.In vetoing the bill, Palacios didn’t comment on the proposed stablecoin, instead taking issue with its aim to police an industry that can cross jurisdictional boundaries, and said the measure lacked “robust enforcement measures to prevent illegal gaming activities.”A highlighted excerpt of Governer Palacios’ letter noting his reasons for vetoing the stablecoin and internet gambling bill Source: Northern Mariana Islands Governor’s OfficeTinian misses chance at beating WyomingThe bill’s passage could have seen Tinian’s government be the first US government entity to issue a stablecoin ahead of Wyoming, whose Governor Mark Gordon said in March that the state’s stablecoin could be ready for a launch in July.The stablecoin was to be known as the Marianas US Dollar (MUSD), which was to be fully backed by cash and US Treasury bills held in reserve by the Tinian Municipal Treasury, according to statements shared with Cointelegraph last month.Related: The GENIUS stablecoin bill is a CBDC trojan horse — DeFi execThe Tinian local government chose tech services firm Marianas Rai Corporation, based in the Commonwealth’s capital of Saipan, to exclusively provide the infrastructure to issue and redeem MUSD and develop its ecosystem.The token was slated to launch on the eCash blockchain, a network that rebranded from Bitcoin Cash ABC in 2021 and is a fork of Bitcoin Cash — a blockchain that split off from Bitcoin in 2017.The launch of MUSD was meant to coincide with Google’s $1 billion plan announced in April to route fiber-optic subsea cables from the mainland US through Tinian and onto Japan to improve internet connectivity.Magazine: Elon Musk’s plan to run government on blockchain faces uphill battle
The crypto market faced a big shock as MANTRA (OM) crashed by more than 90% in a single day, drawing comparisons to the infamous Terra LUNA collapse. But what’s even more worrying is that OM isn’t showing any signs of bouncing back. When LUNA crashed back in 2022, some buyers rushed in, hoping to make …
XRP price started a fresh increase above the $2.120 resistance. The price is now consolidating and must settle above $2.1680 for more gains. XRP price started a fresh increase above the $2.00 and $2.10 levels. The price is now trading above $2.10 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.120 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might extend gains if there is a close above the $2.1680 resistance zone. XRP Price Eyes Fresh Gains XRP price managed to stay above the $1.920 support zone and started a fresh increase, like Bitcoin and Ethereum. The price climbed above the $2.00 and $2.020 resistance levels. A high was formed at $2.244 and the price recently started a downside correction. There was a move below the $2.10 support zone. The price dipped below $2.020 and tested the 50% Fib retracement level of the upward move from the $1.920 swing low to the $2.244 high. It seems like the price remained well-bid near the $2.080 support. The price is now trading above $2.100 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.120 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.1680 level. The first major resistance is near the $2.20 level. The next resistance is $2.240. A clear move above the $2.240 resistance might send the price toward the $2.320 resistance. Any more gains might send the price toward the $2.450 resistance or even $2.50 in the near term. The next major hurdle for the bulls might be $2.550. Another Decline? If XRP fails to clear the $2.1680 resistance zone, it could start another decline. Initial support on the downside is near the $2.120 level and the trend line. The next major support is near the $2.080 level. If there is a downside break and a close below the $2.080 level, the price might continue to decline toward the $2.050 support and the 61.8% Fib retracement level of the upward move from the $1.920 swing low to the $2.244 high. The next major support sits near the $1.920 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.1200 and $2.080. Major Resistance Levels – $2.1680 and $2.200.
Story Highlights The live price of the SYS token is The SYS price may reach a peak of about $1.28 by the end of 2025. The future growth prospects of SYS token could face significant challenges owing to the low development activity compared to its competitors in recent years. The Syscoin project has existed in …
Tech giant Meta has been given the green light from the European Union’s data regulator to train its artificial intelligence models using publicly shared content across its social media platforms.Posts and comments from adult users across Meta’s stable of platforms, including Facebook, Instagram, WhatsApp and Messenger, along with questions and queries to the company’s AI assistant, will now be used to improve its AI models, Meta said in an April 14 blog post.The company said it’s “important for our generative AI models to be trained on a variety of data so they can understand the incredible and diverse nuances and complexities that make up European communities.”Meta has a green light from data regulators in the EU to train its AI models using publicly shared content on social media. Source: Meta“That means everything from dialects and colloquialisms, to hyper-local knowledge and the distinct ways different countries use humor and sarcasm on our products,” it added.However, people’s private messages with friends, family and public data from EU account holders under the age of 18 are still off limits, according to Meta.People can also opt out of having their data used for AI training through a form that Meta says will be sent in-app, via email and “easy to find, read, and use.”EU regulators paused tech firms' AI training plansLast July, Meta delayed training its AI using public content across its platforms after privacy advocacy group None of Your Business filed complaints in 11 European countries, which saw the Irish Data Protection Commission (IDPC) request a rollout pause until a review was conducted.The complaints claimed Meta’s privacy policy changes would have allowed the company to use years of personal posts, private images, and online tracking data to train its AI products. Meta says it has now received permission from the EU’s data protection regulator, the European Data Protection Commission, that its AI training approach meets legal obligations, and the company continues to engage “constructively with the IDPC.”“This is how we have been training our generative AI models for other regions since launch,” Meta said.“We’re following the example set by others, including Google and OpenAI, both of which have already used data from European users to train their AI models.”Related: EU could fine Elon Musk’s X $1B over illicit content, disinformationAn Irish data regulator opened a cross-border investigation into Google Ireland Limited last September to determine whether the tech giant followed EU data protection laws while developing its AI models.X faced similar scrutiny and agreed to stop using personal data from users in the EU and European Economic Area last September. Previously, X used this data to train its artificial intelligence chatbot Grok. The EU launched its AI Act in August 2024, establishing a legal framework for the technology that included data quality, security and privacy provisions. Magazine: XRP win leaves Ripple a ‘bad actor’ with no crypto legal precedent set
The crypto market, led by Bitcoin (BTC), has experienced an increased level of bullishness amid an optimistic outlook for the ongoing tariff trade wars. Ripple Labs’ XRP has gained over 12 percent in the past seven days to trade around $2.15 on Tuesday, April 15, during the early European session. Moreover, the overall crypto Open …
On April 14, spot Bitcoin ETFs recorded a net inflow of $1.47 million, indicating investor confidence in Bitcoin despite the broader market dynamics. Meanwhile, spot Ethereum ETFs faced a net outflow of $5.98 million, extending a five-day streak of consecutive outflows. This trend highlights ongoing challenges for Ethereum-focused funds, as market sentiment continues to favor …
KiloEx has offered $700,000 as a reward to an exploiter who stole $7 million across Base, BNB Chain and Taiko on Monday — if they return the funds.
Ethereum price started a fresh increase above the $1,620 zone. ETH is now consolidating gains and might aim for more gains above $1,680. Ethereum started a decent increase above the $1,600 and $1,620 levels. The price is trading above $1,625 and the 100-hourly Simple Moving Average. There is a new connecting bullish trend line forming with support at $1,625 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,680 resistance zone. Ethereum Price Eyes More Gains Ethereum price formed a base above $1,520 and started a fresh increase, like Bitcoin. ETH gained pace for a move above the $1,580 and $1,600 resistance levels. The bulls even pumped the price above the $1,650 zone. A high was formed at $1,690 and the price recently started a downside correction. There was a move below the $1,640 support zone. The price dipped below the 50% Fib retracement level of the upward move from the $1,562 swing low to the $1,690 high. However, the bulls were active near the $1,620 zone. Ethereum price is now trading above $1,625 and the 100-hourly Simple Moving Average. There is also a new connecting bullish trend line forming with support at $1,625 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $1,660 level. The next key resistance is near the $1,680 level. The first major resistance is near the $1,690 level. A clear move above the $1,690 resistance might send the price toward the $1,750 resistance. An upside break above the $1,750 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,800 resistance zone or even $1,880 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,660 resistance, it could start a downside correction. Initial support on the downside is near the $1,620 level. The first major support sits near the $1,610 zone and the 61.8% Fib retracement level of the upward move from the $1,562 swing low to the $1,690 high. A clear move below the $1,610 support might push the price toward the $1,575 support. Any more losses might send the price toward the $1,550 support level in the near term. The next key support sits at $1,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,610 Major Resistance Level – $1,660
The US is exploring many ways to increase its Bitcoin reserve without taxpayer dollars, including through tariff revenue and revaluing the government’s gold certificates, according to the executive director of the Trump administration’s crypto council.“We're looking at many creative ways, whether it be from tariffs, there’s literally countless ways in which you can do this,” Bo Hines of the Presidential Council of Advisers for Digital Assets said in a recent interview with Professional Capital Management CEO Anthony Pompliano.Hines said the Treasury could revalue its gold certificates, valued at $43 per ounce, to the current market price of $3,200 per ounce, creating a paper surplus to fund Bitcoin purchases without selling gold.“Everything is on the table, and like we've said, we want as much as we can get, so we’re going to make sure that no stone is unturned,” Hines said in the interview, which aired on April 14.???????? LATEST: Executive Director of Digital Assets Bo Hines said the US government may buy Bitcoin using tariff revenue. pic.twitter.com/Gfc2HiEJoL— Cointelegraph (@Cointelegraph) April 15, 2025The Bitcoin Reserve will initially comprise assets forfeited in government criminal cases but allow for the government to develop budget-neutral strategies for acquiring additional Bitcoin. During the interview, Hines said the White House is also developing a digital asset framework outlining how the US plans to support crypto innovation and promote US dollar stablecoins worldwide.“It'll provide clarity on many aspects of this space, whether it be from tokenization to staking, all sorts of things,” Hines said, adding that the Trump administration has been moving rapidly to make America the “crypto capital of the world.”Related: Bitcoin takes back seat as Trump, Bukele focus on trade and immigration“We're moving at tech speed, it’s like we’re a startup in this building,” Hines said. “We'll continue moving this along quite quickly.”The report Hines referred to is expected to be published in late July or August.No mention of Trump’s crypto venturesHines wasn’t asked to address some of Trump’s potential conflicts of interest in the crypto space, including the controversial Official Trump (TRUMP) memecoin and the Trump family’s business venture with World Liberty Financial — which have been raised by the opposition party. I watched this interview in full.Pomp didn't ask about:1. How much Bitcoin the US government owns, and the internal audit the Trump administration told us that should have already been completed 2. Donald Trump's growing list of conflicts of interests in the cryptocurrency… https://t.co/bVnXBkCmK1— Pledditor (@Pledditor) April 14, 2025Last month, House Representative Gerald E. Connolly referred to the TRUMP token as a “money grab” that resulted in Trump-linked entities cashing in on over $100 million worth of trading fees.Representative Maxine Waters also criticized Trump’s memecoin on Jan. 20, referring to a rug pull while claiming the launch represented the “worst of crypto.”The White House’s AI and crypto czar, David Sacks, said the TRUMP memecoin was nothing more than a collectible.Hines also wasn’t asked whether the US completed an internal audit of its Bitcoin (BTC) holdings — a task that was supposed to be completed within 30 days of US President Donald Trump’s March 6 executive order establishing the Strategic Bitcoin Reserve.Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions
Pi network is back in action with an 80% surge and is currently trading at $0.7556. The market sentiment towards Pi is changing fast. The coin is gaining momentum The crypto market is gradually waking up to the potential of Pi Network. What began as a mobile-first mining experiment has now taken a serious step …
South Korea is cracking down on unregistered crypto platforms as a statement released on Monday revealed that the regulators have asked Apple to block 14 related apps from the local App Store in a move to tighten the oversight of illegal crypto activity and protect the users. Major exchanges like KuCoin and MEXC are being …
The majority of the trading volume during this event was concentrated on major exchanges Binance and OKX Spot, with over $40 million in trading volumes before the plunge and $138 million after recovery.
Despite President Trump's tariff turmoil in recent weeks, bitcoin has effectively been flat over the past month, Hougan noted.
Michael Saylor’s Bitcoin (BTC) proxy firm, Strategy, has made headlines once again by purchasing an additional $285.8 million worth of Bitcoin (BTC) during a week characterized by significant fluctuations in the company’s stock (MSTR) price. Saylor’s Strategy Reports 11.4% Year-to-Date Bitcoin Yield To finance this latest acquisition, Strategy utilized its at-the-market stock program, selling shares to raise capital for further Bitcoin purchases. This strategic move aligns with the firm’s ongoing commitment to expanding its Bitcoin holdings, which have become a cornerstone of its financial strategy. According to Bloomberg, demand for Strategy’s convertible debt has been partly fueled by hedge funds looking to exploit the company’s stock volatility. These funds are reportedly engaged in trades that involve buying the bonds while simultaneously short-selling the shares, effectively betting on the stock’s price movements. Related Reading: XRP Reaches ABC Pattern Top—Analyst Says $6.50+ Targets Still In Play This most recent Bitcoin purchase, which involved acquiring 3,459 BTC at an average price of around $82,618 between April 7 and April 13, brings Strategy’s total Bitcoin holdings to 531,644 BTC. In a social media update, Saylor revealed that the firm has achieved a year-to-date Bitcoin yield of 11.4% as of April 13, 2025. Strategy now holds a total of $35.92 billion in BTC at an average price of $67,556 per Bitcoin. This impressive figure represents approximately 2.5% of the total 21 million Bitcoin that will ever be issued, solidifying Strategy’s status as the largest corporate holder of Bitcoin. However, the firm’s financial landscape is not without challenges. $42 Billion By 2027 To Fuel Ongoing BTC Purchases Last week, NewsBTC reported that Strategy would register an unrealized loss of $5.9 billion for the first quarter of the year due to an accounting change mandating that digital assets be valued at market prices. In the same quarter, the company reportedly spent $7.79 billion on Bitcoin, reflecting its aggressive purchasing strategy, which has included nine acquisitions during this period. Related Reading: XRP Tests Ascending Triangle Resistance – Can Bulls Reach $2.40 Level? Looking ahead, Strategy has announced plans to raise $42 billion in capital through 2027, utilizing proceeds from both at-the-market stock sales and fixed-income securities to continue funding its Bitcoin purchases. Since Saylor began investing the firm’s cash into Bitcoin as a hedge against inflation in 2020, shares of Strategy have surged approximately 2,300%, highlighting the dramatic impact of its cryptocurrency strategy on shareholder value. As of now, the market’s leading cryptocurrency has successfully regained the crucial $85,000 level, reflecting a 7% increase over the past week. However, despite this recovery, the cryptocurrency is currently trading 21% below its all-time high of $109,000, which was reached in January of this year. Experts attribute some of the market’s recent challenges to President Donald Trump’s tariff policies, which have impacted overall market sentiment. But with the president’s recent 90-day pause on the so-called “tariff war,” the market has regained long-awaited catalysts that could mean further gains. Featured image from DALL-E, chart from TradingView.com
Bo Hines, Executive Director of the U.S. Presidential Digital Asset Advisory Committee, emphasized the need for the U.S. to act quickly to stay competitive in Bitcoin. In a Thinking Crypto interview, he proposed creating a national strategic Bitcoin reserve through budget-neutral methods and suggested exploring alternative funding options, such as using tariff revenues. Hines’ statements …
The administration's Bitcoin strategy could reshape financial policy, emphasizing digital assets' role in modernizing economic systems.
The post Trump administration floats using tariffs to stack more Bitcoin appeared first on Crypto Briefing.
The crypto market got a strong boost recently after Donald Trump announced a 90-day pause on tariffs for imports from over 70 countries. This move brought some relief to investors and sparked a solid comeback in both crypto and stock markets. Bitcoin jumped close to $85,000, and coins like Ethereum, Solana, Flare, and even meme …
The chief executive of non-fungible token platform Emblem Vault is warning X users to be wary of the video meeting app Zoom after a nefarious threat actor known as “ELUSIVE COMET” recently stole over $100,000 of his personal assets. On April 11, Emblem Vault CEO, podcaster and NFT collector Jake Gallen said on X that he had been battling a “complete computer compromise” that ended up with a loss of Bitcoin (BTC) and Ether (ETH) assets from different wallets. “Unfortunately, this led to $100k+ in purchased digital assets being lost,” he said. Days later, Gallen said he had been working with cybersecurity firm The Security Alliance (SEAL) to track an ongoing campaign against crypto users by a threat actor identified as “ELUSIVE COMET.”Gallen said the scam was facilitated over the video conference platform Zoom, which resulted in his crypto wallet being drained. “We were able to retrieve a malware file that was installed on my computer during a Zoom call with a YouTube personality of over 90k subs,” said Gallen on April 14. The malicious actor “employs sophisticated social engineering tactics with the goal of inducing victims into installing malware and ultimately stealing their crypto,” SEAL reported in late March.Source: Jake GallenGallen said he’d arranged an interview after being contacted by a verified X account with 26,000 followers that claims to be the founder and CEO of a crypto mining platform. However, during the interview, the X user left their screen switched off while Gallen’s was on. During the call, Gallen was tricked into enabling the installation of malware called “GOOPDATE,” which stole credentials and accessed his crypto wallets. Cointelegraph reached out to the X account for comment. Zoom remote access threat“For this scam to take place, it’s said that the guest of the Zoom video call allows remote access to the host of the call, which is a requestable feature that is DEFAULT ON for every Zoom account,” said Gallen.NFT collector Leonidas confirmed the default settings and advised those in the crypto industry to prevent remote access. “If you don’t do this, anybody who is on a Zoom call with your employees can take over their entire computer by default,” he said. Source: LeonidasSEAL security researcher Samczsun told Cointelegraph that Zoom, by default, allows meeting participants to request remote control access. “At this point in time we believe the victim still needs to be social engineered into granting access,” they said. Cointelegraph reached out to Zoom for comments but did not receive an immediate response. Related: Crypto founders report deluge of North Korean fake Zoom hacking attemptsGallen also stated that the hackers accessed his Ledger wallet even though he had only logged in a few times over the three years and had never written the password down anywhere digitally. They also hacked his X account in an attempt to lure in other victims through private messages. SEAL reported that ELUSIVE COMET is known to operate Aureon Capital, which claims to be a legitimate venture capital firm. The threat actor is responsible for “millions of dollars in stolen funds” and poses a significant risk to users due to their “carefully engineered backstory,” the firm noted. Samczsun advised users who have interacted with Aureon Capital to contact SEAL’s emergency hotline on Telegram. Magazine: Bitcoin eyes $100K by June, Shaq to settle NFT lawsuit, and more: Hodler’s Digest
Yet another hack story shook investors’ faith in Defi. The DeFi world is once again in the spotlight after a newly launched perpetual trading platform, KiloEx, backed by YZi Labs (previously known as Binance Labs), fell victim to a multi-chain exploit that drained approximately $7 million. The attack has exposed fresh concerns about the security …
An eventful 24 hours in the crypto markets saw VTHO zooming 37%, Story’s IP falling and recovering 20%, with some traders hoping that the worst of the tariffs-driven selloffs are in the past.
Mantra has just gone through a crash that has wiped out most of its value. Here’s how on-chain metrics have changed during this collapse. Mantra Has Seen A Reaction In Several On-Chain Indicators In a new post on X, the on-chain analytics firm Glassnode has discussed about the sudden price plunge that Mantra saw in the past day. During this crash, the asset’s value went from above $6 to around $0.50 in the matter of a few hours. Related Reading: Cardano Could Drop To $0.54 If This Support Gives Out, Analyst Says First, here is how the Exchange Inflow (that is, the total amount of OM being transferred to centralized exchanges) changed along with this volatile move: As displayed in the above graph, Mantra interestingly didn’t see any large spikes in the indicator in the leadup to the crash. Investors use exchanges for selling-related purposes, so large deposits tend to appear before intense volatility. In OM’s case, though, it seems there were no such inflows. Large deposits have still occurred in the past day, but they only came after the collapse was already over. These late inflows likely corresponded to reactionary moves from the investors. The opposite indicator, the Exchange Outflow, also saw spikes following the price plummet, as the below chart shows. While the largest withdrawals only came after the crash was over, there were some significant outflows also made before the low was reached. “This could reflect withdrawals post-liquidation, opportunistic buys followed by self-custody, or exchanges reducing exposure,” explains the analytics firm. A metric that did register a change ahead of time was the percentage of the Mantra supply held by the top 1% addresses. The top 1% addresses reduced their supply share from 96.4% to 95.6% before the OM collapse took place. “While not the largest drop in recent months, it’s notable,” notes Glassnode. Another indicator that showcases the market panic is the Number of Transfers, which observed a huge spike as OM went through its volatility. The Number of Transfers peaked at around 1,400 inside a 10-minute window. Given the scale involved, it’s likely that a large amount of traders were responsible for these moves. Related Reading: Bitcoin Sharks & Whales Show Highest Growth Since Feb: Confidence Returning? And indeed, the trend in the Active Addresses, a metric keeping track of the number of addresses becoming involved in transactions on the chain, would confirm this. From the chart, it’s apparent that the Active Addresses mimicked the trend in the Number of Transfers very closely, so the Mantra selloff wasn’t contained to a few addresses at all. OM Price At the time of writing, Mantra is trading around $0.50, down more than 91% in the past day. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Gibraltar-based Xapo Bank, a private bank and Bitcoin custodian, reported a surge in Bitcoin trading volumes in the first quarter as its high-net-worth members scooped up Bitcoin amid market turbulence. Xapo Bank said that Q1 trading volume grew 14.2% compared to the Q4 2024, as the Bitcoin (BTC) price drop helped drive trading volume growth on its platform. It said that during the decline, its high net-worth members “actively bought the dip,” reflecting these members’ “commitment to the long-term potential of Bitcoin.”In the first quarter of 2025, Bitcoin had its worst start to a year since 2018, closing the quarter down 13%. The crypto-friendly bank became the first licensed bank to launch interest-bearing Bitcoin and fiat banking accounts in the UK in 2025 and launched Bitcoin-backed USD loans of up to $1 million in March 2025.Xapo Bank’s self-selected poll on X showed respondents favored using Bitcoin for savings and investment. Source: Xapo Bank It also recorded a 50% quarter-on-quarter jump in euro deposits. “This rapid increase in volume came amidst mounting concern about the future of US dollar primacy and the threat of a US recession as markets braced for Trump’s planned ‘Liberation Day’ in April,” the bank said.There were also significant shifts in Xapo members’ stablecoin deposit patterns, with USDC deposits up 19.8% in Q1 and Tether (USDT) deposits down 13.4%. This shift comes as European cryptocurrency exchanges moved to delist Tether in order to comply with Markets in Crypto-Assets Regulation regulations.“Xapo Bank member data shows that despite short-term headwinds, the bigger picture for Bitcoin remains strong and current volatility does not diminish Bitcoin's importance,” said Gadi Chait, Xapo Bank’s head of investment. Chait added that “while global events painted an erratic picture, the opportunity for Bitcoin has always been in its long-term performance, not its short-term volatility.”Related: Exclusive: Inside a Swiss nuclear bunker’s secret Bitcoin vaultCrypto exchange Bitget also sees Q1 trading volumes surgeMarket turmoil also prompted a flurry of activity on digital currency exchange Bitget, according to its Q1 2025 Transparency Report. Bitget’s total trading volume hit $2.1 trillion in the first quarter of 2025, as spot trading volume saw a quarter-on-quarter increase of 159%, rising to $387 billion.This surge in trading volume came as Bitget’s total user base grew by almost 20%, with the exchange adding an additional 4.89 million users on its centralized exchange and 15 million users on its Bitget Wallet app — bringing its total global user count to over 120 million.Bitget’s CEO, Gracy Chen, said the exchange will continue to “focus on institutional-grade infrastructure and double down on expanding its Web3 presence through our ecosystem.”In February, Bitget loaned rival exchange Bybit 40,000 ETH, valued at approximately $100 million, after Bybit suffered a major hack. The loan has since been fully repaid by Bybit.“No interest, no collateral — this was simply about supporting a peer in need. Great to see Bybit fully recovered, and we never doubted the return of the loan,” Chen said. Magazine: Bitcoin eyes $100K by June, Shaq to settle NFT lawsuit, and more: Hodler’s Digest, April 6 – 12
Bloomberg Senior ETF Analyst Eric Balchunas shared that four asset managers are set to launch spot Solana ETFs in Canada on Wednesday.
The lawsuit highlights critical vulnerabilities in crypto security, potentially undermining trust in digital asset platforms and their oversight.
The post Phantom sued after alleged wallet flaw led to $500,000 crypto theft, Wiener Doge token collapse appeared first on Crypto Briefing.
With ongoing tariff tensions around the world and the market turmoil, crypto investors have got a ray of hope as the Trump administration announces plans to use tariff money to buy Bitcoin. With Bitcoin already 25% down from its peak, is this the right time for the U.S. to buy Bitcoin at a lower price …
The amount of Bitcoin held on the books of publicly traded companies rose by 16.1% in the first quarter of 2025, according to crypto fund issuer Bitwise.Total company Bitcoin (BTC) holdings rose to around 688,000 BTC by the end of Q1, with firms adding 95,431 BTC over the quarter, Bitwise reported in an April 14 X post.The value of the combined Bitcoin stacks rose around 2.2%, reaching a total combined value of $56.7 billion with a price per BTC of $82,445, the firm added.Source: BitwiseBitwise noted that the number of public companies holding Bitcoin rose to 79, with 12 firms buying the cryptocurrency for the first time in Q1.The largest first-time Bitcoin buyer was the Hong Kong construction firm Ming Shing, whose subsidiary Lead Benefit bought a total of 833 BTC over the quarter, with an initial 500 BTC buy in January and a follow-up 333 BTC buy in February.The next largest maiden Bitcoin holder was the far-right favored YouTube alternative Rumble, which bought 188 BTC in mid-March.One notable debut Bitcoin buyer was the Hong Kong investment firm HK Asia Holdings Limited, which only purchased a single Bitcoin in February, but the announcement caused its share price to nearly double in value in a single trading day.Metaplanet buys the dip with 319 Bitcoin scoopMeanwhile, Japanese investment firm Metaplanet said in an April 14 note that it purchased another 319 Bitcoin for an average price of 11.8 million yen ($82,770) per coin, bringing its total holdings to 4,525 Bitcoin, currently worth $383.2 million.However, the company has spent a total of 58.145 billion yen, nearly $406 million, buying up its current Bitcoin stack.Metaplanet (3350) was down 0.5% by the April 15 lunch break on the Tokyo Stock Exchange after closing trading on April 14 up 3.71%, according to Google Finance.Metaplanet opened the April 15 trading day flat after disclosing a Bitcoin buy the day before. Source: Google FinanceThe Tokyo-based firm’s latest Bitcoin buy puts it firmly in tenth place among the world’s largest public companies holding Bitcoin, trailing behind Jack Dorsey’s Block, Inc., which holds 8,485 BTC, according to Coinkite data.Bitcoin is trading around $84,440 and has traded flat over the past 24 hours, according to CoinGecko. It’s up around 2.3% since the end of Q1 on March 31, having clawed back from a low of under $75,000 on April 7 after a wider market drop due to a round of fresh global tariffs imposed by the US.Asia Express: Bitcoiner sex trap extortion? BTS firm’s blockchain disaster
Bitcoin has shown signs of stabilization following its earlier correction this month, which saw the asset fall to as low as $74,000. Over the past week, Bitcoin has rebounded strongly, gaining nearly 10%, and now trades above $84,000. This upward movement has reignited optimism among investors, though some analysts remain cautious about calling this a definitive trend reversal. Related Reading: Bitcoin’s Last Drawdown To $74,000 A ‘Healthy Correction’ — Analyst Says Bull Cycle Is Still On Apparent Demand Shows Recovery, But Trend Reversal Uncertain According to recent on-chain data, the current recovery in BTC may be linked to improving demand indicators. However, it is suggested that the broader market structure still needs to confirm whether this bounce reflects a sustainable rally or is merely a temporary pause in the ongoing correction. CryptoQuant contributor Kripto Mevsimi particularly drew attention to Bitcoin’s Apparent Demand metric, specifically the 30-day sum, which has started to rebound from negative territory. This trend is being observed as a potential sign of changing market dynamics. However, Mevsimi warns against assuming this is the start of a new bullish cycle, drawing parallels to Bitcoin’s behavior during the latter part of the 2021 cycle. During that period, demand remained suppressed for an extended timeframe, even as prices temporarily recovered. Only after a long consolidation phase did the market experience a genuine structural shift. Mevsimi highlights that although momentum may be improving, more time and confirmation are necessary before a macro-level trend reversal can be confirmed. Bitcoin Short-Term Holder Selling Pressure Declines on Binance Another market signal worth watching comes from Binance, one of the largest crypto exchanges by trading volume. CryptoQuant analyst Darkfost reports that inflows of Bitcoin from short-term holders (STHs) to Binance have been steadily decreasing, suggesting a decline in immediate selling pressure. The data indicates that average realized prices for STHs currently hover around $92,800, meaning many recent sellers have exited at a loss. Darkfost notes that inflows from STHs dropped from approximately 17,000 BTC in November to around 9,000 BTC more recently. This downtrend in selling could provide some support for Bitcoin’s current price levels. Related Reading: Bitcoin Lags Gold As Wall Street Doubts Persist, Claims Expert Still, the analyst emphasizes the need for continued monitoring to determine if this reduction in selling pressure persists. The easing of short-term holder activity could reduce overhead resistance and contribute to market stability, but confirmation of accumulation or a broader bullish phase remains elusive. STH selling pressure declining on Binance???? Tracking $BTC inflows on Binance is a useful way to visualize potential selling pressure, as the platform handles significant trading volumes. Short Term Holders have been under considerable stress recently, with many even ending up… pic.twitter.com/lwOe45H7L3 — Darkfost (@Darkfost_Coc) April 13, 2025 Featured image created with DALL-E, Chart from TradingView