Day: April 7, 2025

Former Kraken execs acquire real state firm Janover, disclose SOL treasury plans

A team of former Kraken executives has taken control of Janover, with Joseph Onorati, former chief strategy officer at Kraken, stepping in as chairman and CEO, following the group’s purchase of over 700,000 common shares and all Series A preferred stock. Parker White, former director of engineering at Kraken, was appointed as the new chief investment officer and chief operating officer. The group bought 728,632 shares of Janover common stock and all 10,000 shares of Series A preferred stock. Marco Santori, former chief legal officer at Kraken, will join the…

Corporate Bitcoin treasuries drop more than $4B on US tariff hike impact

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Corporate Bitcoin (BTC) treasuries collectively shed more than $4 billion in value after US President Donald Trump’s tariffs triggered a global market sell-off, data shows.  As of April 7, corporate Bitcoin holdings are worth approximately $54.5 billion in the aggregate, down from roughly $59 billion before April 2, according to data from BitcoinTreasuries.net. The cryptocurrency’s volatility has also weighed on publicly traded Bitcoin holders’ share prices. The Bitwise Bitcoin Standard Corporations ETF (OWNB) — an exchange-traded fund (ETF) tracking a diverse basket of corporate Bitcoin holders — has lost more…

XRP Dump? Engineer Says Panic Selling Makes No Sense

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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. Thinking about dumping your XRP? Hold your horses—make sure you’ve got a solid plan first. A well-known software engineer has expressed confidence in XRP despite its sharp price decline…

Jamie Dimon Warns of Inflation Shock and Recession Risk as Market Teeters on Collapse

As Wall Street is flashing red, JPMorgan CEO Jamie Dimon warns soaring inflation, spiraling tariffs, and shaken confidence signal a recession that could upend global markets. JPMorgan’s CEO Flags Recession Threat With Inflation Roaring and a Market Meltdown Near Jamie Dimon, the top executive at JPMorgan Chase, raised alarm Monday in his annual letter to […] Source CryptoX Portal

Bitcoin on verge of largest ‘price drawdown’ of the bull market — Analyst

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Bitcoin’s (BTC) 26.62% decline from its $109,500 all-time high is en route to becoming the deepest drawdown of the current bull market cycle, according to CryptoQuant head of research, Julio Moreno. Bitcoin price drawdown analysis. Source: X Bitcoin has experienced significant drawdowns in past cycles, with a notable 83% drop from its peak in 2018 and a 73% correction from all-time highs (ATH) in 2022. In comparison, the current decline of 26.62%, while substantial, remains less severe than previous bear markets. This suggests that even though the current downturn is…

Crypto lawyer sues US gov to reveal Bitcoin creator’s identity

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Crypto attorney James A. Murphy, known online as “MetaLawMan,” has filed a lawsuit against the U.S. Department of Homeland Security.  This lawsuit seeks documents that may disclose the identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin (BTC). Filed in a D.C. District Court, the lawsuit follows a 2019 statement by DHS Special Agent Rana Saoud, who claimed the agency had identified and interviewed four individuals behind Bitcoin at a conference in California.  Saoud reportedly said DHS agents spoke with the group to understand how and why they created the…

Crypto bull market ‘hasn’t started yet’ — LONGITUDE panel

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Crypto’s worst quarter since the FTX crisis has many investors worried about the end of the bull market, but according to an industry panel, Bitcoin and altcoins’ parabolic moves haven’t even begun yet.  In a panel discussion at the LONGITUDE by Cointelegraph event in Paris, France, MN Capital founder Michael van de Poppe said he thinks the bull market is “actually getting started from this point.”  While it’s hard to believe that following Bitcoin’s (BTC) recent plunge below $80,000 on global tariff woes, “we know from history” that chaotic sell-offs…

Solana Drops Below $100 For First Time In A Year — Is An 80% Correction Underway?

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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. Solana is now trading below the $100 mark after intense selling pressure swept through the crypto market over the weekend. Sunday’s drop pushed SOL into its lowest price zone…

Bitcoin, showing ‘signs of resilience’, beats stocks, gold as equities fold — Binance

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Bitcoin (BTC) is showing “signs of resilience” even as stocks and the broader cryptocurrency market plunge amid a global market sell-off after US President Donald Trump imposed sweeping tariffs on US imports last week, Binance Research said.  As of mid-day trading on April 7, Bitcoin is up almost 1% to nearly $79,000. Meanwhile, the S&P 500 — an index of large US stocks — is essentially flat and front-month gold futures are down around 1.5%, according to Google Finance. “Even in the wake of recent tariff announcements, BTC has shown…

Crypto markets on edge as Trump threatens historic tariff hike on China

In an unprecedented move, Trump upped the stakes in the ongoing trade war, threatening to raise tariffs on China to 104% while the crypto market remains on edge. After the Chinese retaliation to the latest US tariff push, U.S. President Donald Trump is threatening further measures. On April 7, Trump announced on his social media platform Truth Social that China would face an additional 50% tariff if it didn’t remove countermeasures. Notably, China introduced 34% retaliatory tariffs on all US goods, mirroring the same measure by the United States. Now,…