Day: April 2, 2025

XRP News Today: Ripple Labs Locks 700 Million XRP in Escrow Post-SEC Lawsuit Resolution

Key Notes Ripple Labs locked 700 million XRP in escrow to manage the coin’s circulating supply. The technology company holds billions of XRP outside escrow, with plans to reduce sales. Ripple and US SEC case is now over with the firm billed to pay $50 million. Blockchain payments firm Ripple Labs Inc has locked 700 million XRP XRP $2.12 24h volatility: 0.9% Market cap: $123.20 B Vol. 24h: $3.22 B in escrow as part of its continued strategy to manage the cryptocurrency’s supply. Notably, this occurred weeks after company CEO…

EOS Jumps 20% amid Stagnant Market: Analyst Sees $1.4

Key Notes EOS is ranked third on the list of blockchains with the highest TVL growth in the past week. The cryptocurrency has been on a rollercoaster, reaching its two-month high of $0.8147 in the past 24 hours. A crypto analyst claims that EOS could skyrocket to the $1.4 price tag in the near future. EOS EOS $0.81 24h volatility: 17.2% Market cap: $1.22 B Vol. 24h: $662.53 M , an old blockchain protocol that has regained popularity this cycle, shot up nearly 20% in the last 24 hours, following…

Ted Cruz introduces FLARE Act to incentivize Bitcoin mining with waste gas

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United States Senator Ted Cruz has introduced a new bill that offers tax incentives for cryptocurrency miners using flared natural gas to power mining operations. In an April 1 announcement, Cruz unveiled the Facilitating Lower Atmospheric Released Emissions Act, which he believes will make Texas the “number one place for Bitcoin mining.” The FLARE Act proposes a change to the U.S. tax code that would allow companies to permanently deduct the full cost of systems designed to capture and repurpose natural gas that would otherwise be flared or vented.  These…

Bitcoin price prediction in April 2025

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Bitcoin’s price action remains uncertain with bears and bulls in a constant battle which has led to the range bound price action. Which side will BTC breakout? Let’s find out in this BTC price prediction for April 2025. As the first and the most reputed cryptocurrency to launch till date, Bitcoin (BTC) has seen an all-time high of $108,786 in January 2025. Since then the price of BTC has seen a downward correction and is currently trading at $84,257, which is a 5.17% drop from its previous weekly high of…

Bitcoin can hit $250K in 2025 if Fed shifts to QE: Arthur Hayes

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Bitcoin may still rise to over $250,000 before the end of the year, with expectations of an increasing fiat supply remaining the significant catalyst for the world’s first cryptocurrency. Bitcoin’s (BTC) 2025 price rally may be boosted by the US Federal Reserve pivoting to quantitative easing (QE), when the Fed buys bonds and pumps money into the economy to lower interest rates and encourage spending during difficult financial conditions.  “Bitcoin trades solely based on the market expectation for the future supply of fiat,” according to Arthur Hayes, co-founder of BitMEX…

Several Altcoins Crash Up To 50% On Binance, What’s Going On?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. On Tuesday morning, several altcoins nosedived up to 50% on global crypto exchange Binance, sparking confusion among investors. Several community members shared theories for the incident, speculating that recent…

Bitcoin already priced in recession fears, but downside risk still remains: Bitwise

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While Bitcoin has factored in a lot of recession concerns, analysts at Bitwise are cautioning that risks could still lie ahead. Bitcoin (BTC) as well as other altcoins have likely already priced in a lot of the U.S. recession fears, but there’s still a chance for some more downside if the recession actually happens. In a recent research report, analysts at crypto management firm Bitwise outlined that Bitcoin’s performance during past recessions has shown mixed results. For instance, during the 2020 Covid recession, Bitcoin sold off by over 50% but…

PENDLE to $22? Bullish Predictions Emerge amid Massive DeFi Yields

Key Notes PENDLE gained 2% following its Coinbase listing on Tuesday. Amid low stablecoin yields, Pendle’s Level USD IY pool currently offers a standout 12.4% APR. Whales have withdrawn 2.66 million PENDLE worth $7.9 million from Binance in five days. While the broader crypto market faces a red day on April 2, PENDLE has gained 2% in the past 24 hours, currently trading around $2.94. The price surge follows its recent listing on Coinbase and increasing whale accumulation. $PENDLE is now available on @coinbase https://t.co/QgzzAuTUFJ — Pendle (@pendle_fi) April 1,…

GameStop’s $1.5B Bet on Bitcoin Pushes GME Stock Price

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Key Notes GameStop raised $1.5 billion to add the digital gold to its balance sheet. The notes carry no regular interest and don’t accrue value over time. GameStop’s notes mature on April 1, 2030, unless converted or redeemed earlier. According to a filing with the US Securities and Exchange Commission (SEC), GameStop completed its $1.5 billion fundraising on April 1 via a private offering, exempt from SEC registration. The proceeds were invested in 0.00% convertible senior notes due on April 1, 2030. The notes were offered at $1,000 each. This…