Month: April 2025

Several Altcoins Crash Up To 50% On Binance, What’s Going On?

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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. On Tuesday morning, several altcoins nosedived up to 50% on global crypto exchange Binance, sparking confusion among investors. Several community members shared theories for the incident, speculating that recent…

Bitcoin already priced in recession fears, but downside risk still remains: Bitwise

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While Bitcoin has factored in a lot of recession concerns, analysts at Bitwise are cautioning that risks could still lie ahead. Bitcoin (BTC) as well as other altcoins have likely already priced in a lot of the U.S. recession fears, but there’s still a chance for some more downside if the recession actually happens. In a recent research report, analysts at crypto management firm Bitwise outlined that Bitcoin’s performance during past recessions has shown mixed results. For instance, during the 2020 Covid recession, Bitcoin sold off by over 50% but…

PENDLE to $22? Bullish Predictions Emerge amid Massive DeFi Yields

Key Notes PENDLE gained 2% following its Coinbase listing on Tuesday. Amid low stablecoin yields, Pendle’s Level USD IY pool currently offers a standout 12.4% APR. Whales have withdrawn 2.66 million PENDLE worth $7.9 million from Binance in five days. While the broader crypto market faces a red day on April 2, PENDLE has gained 2% in the past 24 hours, currently trading around $2.94. The price surge follows its recent listing on Coinbase and increasing whale accumulation. $PENDLE is now available on @coinbase https://t.co/QgzzAuTUFJ — Pendle (@pendle_fi) April 1,…

GameStop’s $1.5B Bet on Bitcoin Pushes GME Stock Price

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Key Notes GameStop raised $1.5 billion to add the digital gold to its balance sheet. The notes carry no regular interest and don’t accrue value over time. GameStop’s notes mature on April 1, 2030, unless converted or redeemed earlier. According to a filing with the US Securities and Exchange Commission (SEC), GameStop completed its $1.5 billion fundraising on April 1 via a private offering, exempt from SEC registration. The proceeds were invested in 0.00% convertible senior notes due on April 1, 2030. The notes were offered at $1,000 each. This…

VanEck Files for BNB ETF: Major Coin Entering ETF Race?

Key Notes VanEck has filed for the first-ever US spot BNB ETF. BNB is currently trading around $599, down by 1.5% in the past day. Analysts see the ETF filing and upcoming hard forks as catalysts for the BNB rally. Investment giant VanEck has officially filed for a spot Binance Coin BNB $604.5 24h volatility: 1.5% Market cap: $88.13 B Vol. 24h: $1.55 B exchange-traded fund (ETF) in Delaware. The filing, submitted on April 1, lays the groundwork for what could be a major development for BNB. BNB ETF filing…

Sony Adopts USDC Payments in Singapore

Key Notes Circle has submitted its IPO filing to the SEC, planning to list on the New York Stock Exchange (NYSE) under the symbol CRCL. The company reported $1.67 billion in revenue for 2024, with USDC market cap doubling to over $60 billion, over the past year. Over 99% of Circle’s revenue came from stablecoin reserves and yield-bearing Treasury bills. . Tech giant Sony Electronics announced that it would accept USDC stablecoin payments in Singapore, with transactions facilitated through Crypto.com’s payment services. The announcement comes at a time when USDC issuer…

Infamous mixing protocol eXch drops USDT, USDC as US authorities eye its role in Bybit theft

Shady crypto mixing protocol eXch is merging with an offshore entity and restructuring to evade scrutiny over laundering tens of millions stolen from Bybit. Centralized crypto mixing protocol eXch revealed in an update on Bitcoin Talk that it plans to relocate its operations and leave its current structure in Belize as regulatory scrutiny looms over its refusal to stop North Korea-affiliated hackers from laundering millions stolen from the Bybit crypto exchange. The service announced that it would have “new shareholders and new members on the management board,” adding that this…

GameStop completes $1.5B sale, eyeing Bitcoin acquisition

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GameStop, the video game retailer, has completed a $1.5 billion offering of convertible senior notes, with plans to use the funds to buy Bitcoin for its treasury.  The sale, completed on Apr. 1, 2025, raised $1.48 billion after fees, according to the company’s filing with the Securities and Exchange Commission. GameStop was initially aiming to raise $1.3 billion amid plans to add Bitcoin to its list of treasury assets. The sale surpassed expectations, with an extra $200 million in notes sold. The company stated the funds will be used for…

Bitcoin sales at $109K all-time high ‘significantly below’ cycle tops — Research

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Bitcoin (BTC) investors who bought BTC in 2020 or later are still waiting for higher prices, new research says. In findings published on X on April 1, onchain analytics firm Glassnode revealed that $110,000 was not high enough to make many hodlers sell. Glassnode: 2020 Bitcoin buyers “still holding” Bitcoiners who entered the market between three and five years ago have retained their holdings despite significant BTC price upside. According to Glassnode, this investor cohort, with a cost basis between the 2020 lows of $3,600 and the 2021 highs of…