Day: April 12, 2025

Asia holds crypto liquidity, but US Treasurys will unlock institutional funds

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Opinion by: Jack Lu, CEO of BounceBit For years, crypto has promised a more open and efficient financial system. A fundamental inefficiency remains: the disconnect between US capital markets and Asia’s liquidity hubs. The United States dominates capital formation, and its recent embrace of tokenized treasuries and real-world assets signals a significant step toward blockchain-based finance. Meanwhile, Asia has historically been a global crypto trading and liquidity hub despite evolving regulatory shifts. These two economies operate, however, in silos, limiting how capital can move seamlessly into digital assets. This isn’t…

CZ claps back against ‘baseless’ US plea deal allegations

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Changpeng “CZ” Zhao, former CEO of Binance, has denied claims that he agreed to provide evidence against Tron founder Justin Sun as part of a plea deal with the United States Department of Justice (DOJ). In an April 11 report, The Wall Street Journal cited unnamed sources alleging that CZ had agreed to testify against Sun under the terms of his settlement with US prosecutors. “As part of Zhao’s plea deal, he agreed to give evidence on Sun to prosecutors,” an “arrangement” that “hasn’t previously been reported,” the WSJ report…

Ripple Sends 200 Million XRP Into The Shadows

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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. San Francisco-based Ripple has transferred 200 million XRP tokens, worth approximately $400 million, between company-controlled wallets. The massive movement occurred today and was first spotted by cryptocurrency tracking service…

Bitcoin Market Update: Rangebound Above $83K—Will the Price Explode or Retrace?

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Bitcoin opened on April 12, 2025, trading between $83,583 and $83,856, with a market capitalization of $1.65 trillion and a 24-hour trading volume of $29.74 billion. Intraday price movements ranged between $81,675 and $84,056, signaling a session marked by measured volatility and consolidation across multiple timeframes. Bitcoin Across the hourly chart, bitcoin ( BTC) traded […] Original

Swiss franc, gold as safe havens? They’re outpacing Bitcoin

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Swiss francs and gold have become some of the best safe-haven assets as the stock and bond market turmoil continues. The USD/CHF exchange rate tumbled to 0.8100 on Friday, 12% below its highest point in 2024. This performance has made the Swiss franc one of the best-performing currencies this year.  The Swiss franc’s performance was the polar opposite of the U.S. dollar’s, which tumbled to 2018 lows. Its performance is primarily due to Switzerland’s neutrality and banking secrecy laws, which have always made it a haven. The Swiss National Bank…

Will BTC return to its former glory? Investors turn toward new viral GameFi altcoin for mega gains

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. After Bitcoin’s wild ride past $100k and back, investors hungry for bigger, faster gains are turning to altcoins like Yeti Ouro, a GameFi-powered token with massive upside potential. Bitcoin’s journey in the crypto space has always been wild. After hitting record highs above $100,000 in late 2024, Bitcoin’s price (BTC) entered 2025 with a pullback, and investors are wondering if it can get back to the top.  While some…

NFT trader sells CryptoPunk after a year for nearly $10M loss

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An investor has sold a CryptoPunk non-fungible token (NFT) at a nearly $10 million realized loss, reflecting the continued decline in the once-booming blue-chip NFT market. A whale, or large cryptocurrency investor, sold a CryptoPunk NFT for 4,000 Ether (ETH) worth more than $6 million at the time of writing. The investor originally purchased the NFT for 4,500 ETH, or roughly $15.7 million, a year ago, according to blockchain analytics firm Lookonchain. “Did he only lose 500 $ETH($774K)? No—he actually lost $9.73M!” Lookonchain wrote in an X post. “When he…

Fartcoin Dominates Crypto Recovery With 230% Surge, Is This A Good Time To Buy?

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Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including…

COTI Co-Founder: CBDCs Will Disrupt Stablecoins, Not Bitcoin

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The co-founder of COTI believes the controversy surrounding central bank digital currencies will subside as major financial players adopt the technology and optimal designs are established. The co-founder however downplayed the possibility that central bank digital currencies will be built to interface with decentralized finance protocols or Web3 ecosystems. Privacy Crucial for CBDC Implementation Shahaf […] Original

NFT sales drop 4.7%, but Courtyard dethrones Cryptopunks

The NFT market is feeling the impact of the broader crypto slump, with sales volume decreasing by 4.7% to $94.7 million. According to data from CryptoSlam, this is a continued downward trend from the previous week’s $102.8 million. The drop extends beyond just sales volume, with NFT buyers plummeting by 77.9% to 128,244, and NFT sellers falling by 75.2% to 85,792. NFT transactions have also declined by 6.3% to 1,441,009. The downward momentum coincides with Bitcoin (BTC) dropping to the $83,000 level. At the same time, Ethereum (ETH) has lost…