Day: April 29, 2025

BONK ends downtrend with 60% weekly surge, teases ‘fun stuff’.

Key Notes Bonk has surged 60% in a week, breaking out of a downtrend and eyeing further price gains. The recent BONK rally is a result of “fun stuff” being promised at the upcoming Solana Accelerate. A retest of $0.00001700–$0.00001540 (20-day EMA) could provide healthier entry zones. Bonk BONK$0.00002024h volatility:6.5%Market cap:$1.53 BVol. 24h:$407.90 M, the meme-fueled token on the Solana blockchain, has turned bullish, skyrocketing a massive 60% over the past week while the broader Solana meme coin sector also printed massive gains. After months of downward drift, BONK has…

South Korea to allow trading for spot Bitcoin ETF this year

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South Korea’s People Power Party announced seven major law changes to improve their virtual asset ecosystem. One of them is a plan to launch spot Bitcoin ETF within this year. According to a report by local media Edaily, the People’s Power Party announced trading for digital asset spot ETF will be permitted this year. For the first time, traders in the country will be able invest in exchange-traded funds linked to major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Representative Park Soo-min said its about time South Korea allowed…

Dogecoin Could Rally To $0.74 ATH If Price Closes Month Above This Level, Analyst Says

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An analyst has explained how a Dogecoin monthly close above this level could pave the way for the memecoin to retest its all-time high (ATH). Dogecoin Is Trading Around The Lower End Of An Ascending Channel In a new post on X, analyst Ali Martinez has shared a technical analysis (TA) pattern that the monthly price of Dogecoin has been showing recently. The pattern in question is an “Ascending Channel,” which is a type of Parallel Channel. Parallel Channels form when an asset’s price consolidates between two parallel trendlines. The…

Crypto Czar David Sacks and Gemini Exchange Owners Join Donald Trump Jr.’s Exclusive $500K Private Club

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A new private membership club in Washington, D.C., called Executive Branch, co-founded by Donald Trump Jr., is making headlines with its $500,000 membership fee and an existing waiting list. The club, which held a launch party over the weekend, attracted prominent figures including crypto czar David Sacks, Gemini exchange founders Tyler and Cameron Winklevoss, and […] Source

1inch launches on Solana with crosschain swaps in the pipeline

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Decentralized exchange (DEX) aggregator 1inch has launched on Solana, marking a significant step toward its vision of a “unified multichain” decentralized finance (DeFi) ecosystem. According to a press release shared with Cointelegraph, the integration enables users to trade over 1 million Solana-based tokens directly through the 1inch decentralized application (DApp), benefiting from maximal extractable value-protected swaps, optimized rates and open-source smart contract infrastructure. The move brings 1inch’s Fusion protocol to Solana for the first time. Fusion enables users to define their ideal swap parameters, which are then executed by competing…

427 Crypto Exchanges Registered in Australia, But Regulator Says Most Are Inactive

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Australian financial intelligence agency AUSTRAC has called on digital currency exchanges (DCEs) that are no longer operating to voluntarily withdraw their registrations, warning that failure to do so could result in cancellation. AUSTRAC Cracks Down on Dormant Crypto Exchanges DCEs, including those operating cryptocurrency ATMs, must be registered with AUSTRAC to legally offer services exchanging cash for cryptocurrency and vice versa. Currently, 427 DCEs are registered, but the agency has expressed concern that a significant number appear inactive. AUSTRAC has begun contacting businesses it believes are no longer trading. Brendan…

Coinbase will launch a Bitcoin yield fund for institutional investors

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Coinbase Asset Management is preparing to launch the Coinbase Bitcoin Yield Fund on May 1, offering non-U.S. institutional investors a new way to earn yield on their Bitcoin holdings. As originally reported by Bloomberg, Coinbase Asset Management will launch a new investment product designed to generate yield on Bitcoin (BTC) holdings. The Coinbase Bitcoin Yield Fund will open on May 1, exclusively targeting non-U.S. institutional investors. The strategy behind the fund is based on the practice called “basis trading”, which involves exploiting the price difference between BTC spot price and…

How an Exclusive Dinner Triggered a 200% Increase In On-Chain Transactions

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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. An exclusive dinner event has been organized by President Trump for holders of the controversial memecoin TRUMP token, which has garnered a lot of attention. After being introduced earlier…

Abu Dhabi institutional giants team up for dirham stablecoin

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A trio of major Abu Dhabi institutions, including the Emirate’s sovereign wealth fund, have teamed up to launch a new dirham-pegged stablecoin. Abu Dhabi’s sovereign wealth fund ADQ, the United Arab Emirates’ largest bank, First Abu Dhabi Bank (FAB), and the massive conglomerate the International Holding Company, have partnered to launch the stablecoin, pending regulatory approval, the three companies said on April 28. The trio said the stablecoin would be regulated by the UAE’s central bank and backed by the country’s currency, the dirham. It will also support use cases…