Month: April 2025

Trump administration reportedly shutters DOJ’s crypto enforcement team

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The United States Department of Justice (DOJ) is reportedly disbanding the National Cryptocurrency Enforcement Team (NCET). NCET’s disbandment was noted in a four-page memo by United States Deputy General Todd Blanche, according to a Fortune journalist who claims to have seen the document in an April 8 report. The official is quoted saying in the note: “The Department of Justice is not a digital assets regulator. However, the prior Administration used the Justice Department to pursue a reckless strategy of regulation by prosecution.” Blanche is the second-highest-ranking official in the…

Bitcoin may surge as Chinese investors hedge against yuan drop

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Trump’s trade war has wreaked havoc on crypto markets, Bitcoin included. However, Arthur Hayes believes they will bring a new catalyst that investors are overlooking. Since peaking in January, Bitcoin (BTC) has lost more than half a trillion dollars in market cap, largely due to fears surrounding Donald Trump’s trade war. However, on Tuesday, April 8, BitMEX co-founder Arthur Hayes argued that these tariffs could have a hidden, positive effect on BTC. If not the Fed then the PBOC will give us the yachtzee ingredients. CNY deval = narrative that…

Bitcoin and altcoins at risk after Goldman Sachs, Blackrock, Citi warning

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Bitcoin and other altcoins could be at risk as the biggest players on Wall Street warn about the state of the market. Bitcoin (BTC) price held steady on February 8 and reached an intraday high of $79,300 as investors bought the dip. Other altcoins were also up for the day, with Ethereum (ETH), Ripple (XRP), and Binance Coin (BNB) rising by over 3%. The other top-performing coins were JasmyCoin (JASMY), Core (CORE), and Zcash (ZEC), which rose by over 18%. The stock market was also upbeat, with futures tied to…

XRP Down, But History Says Millionaires Were Made This Way

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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. Major cryptocurrencies plunged to multi-month lows today as investors sold off digital assets amid broader market concerns. XRP fell to $1.65, Bitcoin dropped to $74,100, and Ethereum crashed to…

Cathie Wood’s Ark Invest Buys Coinbase Shares as Market Offers Discount

Key Notes Ark Invest recently bought 84,514 COIN shares from the open market. The firm is a big advocate of Coinbase, which is now one of the largest components of ARKW. Bitcoin and risk-on assets are recovering from the recent global market selloff. Cathie Wood’s asset management firm Ark Invest disclosed that it purchased a fresh batch of Coinbase shares on April 7. Several crypto analysts have described the move as strategic, given that the acquisition occurred during a global market downturn that unsettled investors worldwide. Ark Invest Buys $13.3…

Best Presales Rewarding Supporters Like WLFI

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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. The Trump-backed decentralized crypto project, World Liberty Financial (WLFI), has published a proposal to airdrop free $USD1 stablecoins to all current $WLFI token holders. In this article, we’ll unpack…

Breaking: US DoJ Is Reportedly Scrapping Its Crypto Unit

Key Notes The DOJ has disbanded its crypto enforcement unit NCET, aligning with Trump’s push for pro-crypto policies. OKX and KuCoin face penalties amid a narrowing focus on investor protection over institutional prosecution. The NCET was formed under the Biden administration with the goal of targeting complex crypto cases. In a major shake-up for the United States crypto enforcement policy, the Department of Justice (DOJ) has officially disbanded the National Cryptocurrency Enforcement Team (NCET). The NCET was a specialized unit that once spearheaded high-profile cases against crypto mixers, hackers, and…

XRP, TRX Holders in Profit while ETH, SOL Investors Suffer

Key Notes TRX and XRP lead the market with over 80% of their supply still in profit. ETH and SOL holders are largely underwater, both seeing steep YTD declines in profitability. Bitcoin, ONDO, Dogecoin, and Toncoin (TON) holders are somewhere in the middle. Amid the recent market turbulence, on-chain analytics firm Glassnode highlighted an intriguing divergence in crypto asset profitability. While two major cryptocurrencies continue to boast strong unrealized gains for holders, others, particularly Ethereum ETH $1 531 24h volatility: 1.3% Market cap: $184.80 B Vol. 24h: $20.89 B and…

MEV bot loses $180K in ETH from access control exploit

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A maximal extractable value (MEV) bot lost about $180,000 in Ether after an attacker exploited a vulnerability in its access control systems.  On April 8, blockchain security firm SlowMist reported that the MEV bot lost 116.7 Ether (ETH) because of the lack of access control. Threat researcher Vladimir Sobolev, also known as Officer’s Notes on X, told Cointelegraph that an attacker exploited a vulnerability in the bot, causing it to swap its ETH to a dummy token.  Sobolev said this was done through a malicious pool created by the attacker…

Pi Network Recovers 3%, Eyes Set on Token Burn Hopes

Key Notes PI token shot up 3% in the past 24 hours, claiming a daily high of $0.5832. About 1.5 million PI tokens will be released per day starting April 11. Analyst Jeff Moon has predicted that PI could reach a price tag of $3 by June. Pi Network’s native token PI is showing signs of recovery after the price slump on April 8. It is currently trading at around $0.58, up nearly 3% in the past 24 hours. This rebound comes after weeks of sideways to downward movement. The…