Steve Cohen says he owns a ‘little bit’ of bitcoin because of his son

Hedge fund billionaire and New York Mets owner Steve Cohen said he owns “very little” bitcoin, though he didn’t specify its value. “My son is really into it, and he had me play around and try to figure out how to transact on Coinbase,” Cohen told CNBC’s “Squawk Box” Wednesday. The chairman and CEO of Point72 Asset Management, which has about $32 billion in assets under management, added that he doesn’t have strong opinions about the digital asset class. Still, he appears to be following along with investors across the…

Fear Grips XRP Market As Liquidations Top $6 Million

The cryptocurrency market continues to feel the tremors of a brutal April Fools’ Day price crash, with XRP taking a significant hit. In the last 24 hours, a staggering $6 million in XRP contracts were liquidated, according to Coinglass data. This liquidation frenzy can be attributed to the sharp price decline experienced by XRP on April 1st. The new month began with XRP trading around $0.61. However, a domino effect triggered by Bitcoin’s plunge below $67,000 sent shockwaves through the market, dragging down XRP along with other major cryptocurrencies. Looking…

Nic Carter and David Hoffman Square Off for Karate Combat at Consensus

When the news leaked on X last week, several commenters made fun of the fighters’ physiques and mocked their fighting skills. But the two are undeterred. “At the end of the day, it’s me and David that are taking the risk and getting in the ring and all they can do is watch,” Carter said. “If they want to fight they can try and get in the undercard, they are welcome to reach out to Karate Combat. But David and I aren’t claiming to be amazing fighters. The objective is…

Is Bitcoin a Ponzi scheme?

Explore the Bitcoin Ponzi scheme debate. Check the criticisms, Ponzi explanation, and why Bitcoin isn’t one. Actor Ben McKenzie is mainly known for his roles in The O.C., Southland, and Gotham, where he plays Jim Gordon, an unyielding cop plowing a lone moral furrow in a city beset with crime and violence. However, lately, McKenzie has borrowed a leaf from his Jim Gordon character and has embarked on a crusade of his own, this time not against the Joker or the Maroni crime family but against crypto. McKenzie is a…

Bitcoin Technical Analysis: Price Consolidates Following Bearish Downturn

On Wednesday, bitcoin’s trade volume and overall value provided insights into its current technical situation. With a daily trading volume reaching $45.30 billion and a total market value of $1.29 trillion, the cryptocurrency’s liquidity and market breadth still stands strong. However, recent downturns have left traders wary. Currently, bitcoin has declined by 6% this week […] Original

Ethena (ENA) Surges 60% Amid Luna-Like Demise Warning

Ethena Labs’ new governance token, ENA, is witnessing a staggering 60% increase in its value, shortly after its introduction to the market. The spike in ENA’s price to approximately $0.96 has catapulted its market capitalization to nearly $1.34 billion, ranking ENA as the 80th largest cryptocurrency by market cap. This ascent followed Ethena’s strategic distribution of 750 million ENA tokens, representing 5% of its total supply, through an airdrop to holders of its USDe token. The USDe, a synthetic dollar, is central to Ethena’s offering, leveraging a blend of ether…