Bithumb is breaking itself in two as it races toward an IPO, carving out its exchange and investment units to streamline operations and court investors. Bithumb’s Corporate Split Sets Stage for IPO Local media reports that the South Korean cryptocurrency exchange Bithumb is restructuring its operations ahead of a planned initial public offering (IPO) in […] Source CryptoX Portal
Key Notes The backdoor found in xrpl.js versions 4.2.1 to 4.2.4 could expose private keys on XRPL. Core XRP Ledger is unaffected, but library apps may be at risk. Xaman and XRPScan confirmed their platforms are secure and not impacted. A new security concern has emerged in the XRP Ledger (XRPL) community. Reports show that a backdoor has been discovered in the official XRPL NPM package. The vulnerability, which could lead to stolen private keys and lost funds, has put developers and users on high alert. XRP Ledger: Backdoor Found…
Key Notes Fartcoin jumped 18% to around $1.06, breaching the $1 billion market cap mark. It is now the most valuable meme coin on the Solana network, surpassing Bonk. The rally coincided with whale purchases totaling $5.5 million. Solana-based meme token, Fartcoin FARTCOIN $1.07 24h volatility: 22.0% Market cap: $1.06 B Vol. 24h: $405.31 M , has recently jumped 18% to trade around $1.06, pushing its market capitalization over $1 billion for the first time. This increase has moved Fartcoin up seven spots in the crypto rankings, making it the…
The Japanese yen continued its strong surge against the U.S. dollar as investors embraced its role as a safe-haven asset. The USD/JPY exchange rate plunged to 139.92 on Tuesday, its lowest level since September last year and 11.5% below its highest point in 2024. This decline aligns with the broader weakness of the U.S. dollar and a surge in other developed-world currencies such as the euro, British pound, and Swiss franc. The US dollar Index, a popular gauge that weighs its performance against a basket of currencies, fell to $98,…
Bitcoin mining firm Bitdeer secured $60 million in loans to ramp up its Bitcoin ASIC manufacturing efforts as global mining competition intensifies amid record-breaking network hashrates. According to its annual report, Bitdeer entered a loan agreement in April with affiliate firm Matrixport, a crypto financial services company founded by Bitdeer’s chairman, Jihan Wu. The facility offers up to $200 million, backed by Bitdeer’s Sealminer hardware, with a floating interest rate of 9% plus market benchmarks. As of April 21, Bitdeer had drawn $43 million from the credit line. Source: Bitdeer’s…
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…
Key Notes US Bitcoin ETFs saw $381M in inflows, led by ARK 21Shares with $116M. BTC remains stable above $80K, outperforming equities during the Easter holiday. Traditional markets, including Dow Jones and Nasdaq, dropped by 2.5% and 2.4%, respectively. US spot Bitcoin exchange-traded funds (ETFs) saw the largest daily inflows since the end of January, when Bitcoin ETFs recorded a net inflow of $588.1 million, following the cryptocurrency’s peak at six figures. The recent inflow is positive for the crypto market, which continued to thrive during the holiday. With $381.4…
Cryptocurrency firms and exchanges are increasingly moving into Wall Street territory, launching more traditional investment offerings and showcasing the growing synergy between crypto and traditional finance (TradFi). “There’s a growing synergy between traditional financial investments and the emerging crypto space,” according to Gracy Chen, the CEO of Bitget, the world’s sixth-largest crypto exchange. “Crypto players are now checking out traditional finance as they see the opportunity to bridge it,” Chen told Cointelegraph. “The lines are blurring — investors want flexibility, and products that can straddle both worlds are naturally attractive,”…
With import levies as high as 46% and capital flowing to low-risk Bitcoin exposure via ETFs, miners are confronting a tightening squeeze on both cost and funding fronts. Bitcoin (BTC) miners in the United States are facing two major challenges at once: rising equipment costs due to import tariffs and growing competition from financial products like ETFs, according to a new report by Bitwise. In the report, Bitwise‘s head of research André Dragosch and research analyst Ayush Tripathi, note that with an estimated 40% of global hashrate operated by American…
Key Notes XRP investment products added $37.7 million in inflows, nearing Ethereum’s year-to-date total. US funds saw $71 million in outflows, while Switzerland led with $43.7 million in inflows. HashKey Capital launched Asia’s first XRP Tracker Fund amid rising institutional interest. Global crypto investment funds from top asset management firms had little gains last week, with a net inflow of $6 million. While this may seem modest, a notable shift came from XRP-based investment products. Reports show that XRP XRP$2.1024h volatility:1.0%Market cap:$122.53 BVol. 24h:$2.10 Binvestment products outperformed Bitcoin BTC$88 69224h…