Day: April 3, 2025

New ‘MemeStrategy’ Bitcoin firm by 9GAG, jailed CEO’s $3.5M bonus: Asia Express

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9GAG’s meme mogul goes Bitcoin The creator of meme culture pioneer 9GAG is diving headfirst into Bitcoin and blockchain, acquiring a publicly listed Hong Kong company with plans to turn it into a crypto and AI venture. 9GAG CEO likens crypto downturn to dot-com crash. (Ray Chan, screenshot edited for space) Ray Chan, co-founder of 9GAG, has acquired a controlling stake in Howkingtech International Holdings Limited and plans to convert the company into a Web3 outfit. Chan has proposed renaming the firm to MemeStrategy, a nod to MicroStrategy (now Strategy),…

EigenLayer to begin ‘slashing’ restakers in April

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EigenLayer plans to start “slashing” restakers on April 17, resulting in the Ethereum restaking protocol’s “first feature-complete iteration,” it said in an April 2 announcement.  Implementing slashing will mark EigenLayer’s final step toward establishing the protocol as “infrastructure for a new generation of verifiable apps and services built on the Verifiable Cloud,” it said in a post on the X platform. In 2024, EigenLayer started distributing rewards — including emissions of its native EIGEN token — to incentivize restakers. However, slashing has so far been limited to EigenLayer’s testnets. Once slashing…

Gemini to open Miami office after judge stays SEC case

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The cryptocurrency exchange Gemini, backed by Cameron and Tyler Winklevoss, plans to move into a Miami-area office space, as US Securities and Exchange Commission (SEC) enforcement case may have reached its end. According to a March 31 post from Sterling Bay Properties, Gemini signed a lease for an office in Miami’s Wynwood Art District. The move would expand the exchange’s offices from Europe and New York to Florida, where some crypto companies are headquartered. Bloomberg reported Gemini was expected to move into the Miami office by May. Cointelegraph reached out…

Wall Street Bleeds $2.85T as Polymarket Degens Bet on Recession, Now a 49% Probability

Speculators on Polymarket are wagering substantial sums on a contract gauging the likelihood of a U.S. economic downturn by 2025. After President Donald Trump’s divisive tariff policy was announced, the probability implied by market activity has risen to nearly 50%. Tariffs, Tumbles and Trades On April 2, 2025, President Trump declared the implementation of “Liberation […] Source CryptoX Portal

XRP holds $2 support as chart pattern hints at 73% gain

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XRP (XRP) stabilized near its $2 support after today’s marketwide sell-off sent the altcoin and several other cryptocurrencies close to their swing lows. Data now shows the XRP/USD pair exhibiting early signs of a bullish breakout.  Ripple’s RLUSD integration could boost XRP price Ripple’s integration of its RLUSD stablecoin into its cross-border payments system, Ripple Payments, could significantly boost XRP’s price by enhancing its utility and liquidity.  On April 2, Ripple, the company behind XRP, announced that it had integrated its stablecoin into the company’s cross-border payments system to boost…

A beginner’s guide to cashing out

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Key takeaways Not all tokens can be sold immediately. Airdropped or obscure tokens may lack liquidity or could be scams, so it’s important to check before attempting to cash out. Swapping and bridging may be required. To sell, you might need to convert tokens to ETH or stablecoins and bridge them to the Ethereum mainnet. MetaMask integrates fiat off-ramps. You can use the MetaMask Portfolio to sell ETH directly, but be prepared for KYC with third-party providers. Non-KYC and P2P options exist. Platforms like Bisq or LocalCoinSwap allow trading without…

Bitcoin Rejected At Descending Resistance Again – Is $78,600 Still In Play?

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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. Bitcoin is facing a crucial test as it struggles to break above key resistance levels while holding just above critical support. The market remains stuck in a tight range,…

Cango exits China in $351.9m deal, pivots to Bitcoin mining

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Shanghai-based Cango has signed definitive agreements to sell its China operations for $351.94 million in cash, marking a strategic shift towards cryptocurrency mining. Ursalpha Digital Limited, a British Virgin Islands-registered entity, will acquire Cango’s PRC business. The transaction includes an initial $210.64 million payment upon closing, with the remaining balance contingent on tax obligations and credit risk reductions, according to a press release.  The deal follows a non-binding proposal from Enduring Wealth Capital Limited in March, which sought control of Cango while facilitating the PRC business sale. The sale is…

10-year Treasury yield falls to 4% as DXY softens — Is it time to buy the Bitcoin price dip?

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On April 3, yields on long-term US government debt fell to their lowest levels in six months as investors reacted to growing concerns over the global trade war and the weakening of the US dollar. The yield on the 10-year Treasury note briefly touched 4.0%, down from 4.4% a week earlier, signaling strong demand from buyers. US 10-year Treasury yield (left) vs. Bitcoin/USD (right). Source: TradingView / Cointelegraph At first glance, a higher risk of economic recession may seem negative for Bitcoin (BTC). However, lower returns from fixed-income investments encourage…