Month: April 2025

US judge transfers Binance lawsuit to Florida, citing first-to-file rule

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A US judge has granted Binance’s motion to transfer a case involving allegations it facilitated money laundering to the Southern District of Florida due to a similar case that had already been before the courts there. The case, filed in August 2024 in Washington, focused on the same core issue as a suit filed in June 2023 in Florida, accusing Binance of allowing cybercriminals to use the platform for money laundering, US District Judge Barbara Rothstein said in an April 21 order.  “Although the two complaints describe the proposed classes…

US Bitcoin ETFs clock biggest inflows since January as crypto markets gain

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US-based Bitcoin exchange-traded funds (ETFs) had their largest day of net inflows since late January, as crypto markets remained buoyant over the Easter weekend. The 11 Bitcoin (BTC)-tracking funds saw a joint net inflow of $381.3 million on April 21, largely carried by a $116.1 million inflow into the ARK 21Shares Bitcoin ETF (ARKB), according to CoinGlass data. It’s the largest inflow day for the ETFs since the funds had a $588.1 million joint net inflow on Jan. 30, days after Bitcoin hit a peak and was trading with a…

Singapore Exchange to Introduce Bitcoin Perpetual Futures Derivative Product

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The Singapore Exchange plans to launch bitcoin perpetual futures later this year to stay competitive. The launch is expected to benefit SGX by attracting new investors and utilizing its derivatives expertise. SGX Seeks to Tap Rising Institutional Demand The Singapore Exchange (SGX) reportedly plans to launch bitcoin ( BTC) perpetual futures later this year. Launching […] Original

CEO Confirms Significant Portion Of Stolen $1.4 Billion Is Now Untraceable

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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. In a staggering breach that rocked the crypto world, crypto exchange Bybit has reported significant developments following a major hack attributed to alleged North Korean hackers.  The incident, part…

Crypto Firms Eye Bank Charters Amid Regulatory Shift

U.S. digital asset firms are reportedly considering applying for bank charters and licenses, encouraged by the Trump administration’s more favorable stance towards the crypto industry. Trump Policies Spur Crypto Firms’ Banking Industry Interest Several U.S. digital asset firms are considering applying for bank charters and licenses, according to a Wall Street Journal report citing anonymous […] Source CryptoX Portal

Dogecoin (DOGE) Eyes Breakout: Could an Upside Rally Spark Full-On Recovery?

Dogecoin started a fresh increase from the $0.1500 zone against the US Dollar. DOGE is consolidating and might aim for an upside break above the $0.1650 resistance. DOGE price started a decent upward move above the $0.1550 level. The price is trading above the $0.1580 level and the 100-hourly simple moving average. There is a short-term bullish trend line forming with support at $0.1590 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.1650 resistance zone.…

Gibraltar court ends 2-month freeze of 542M PLAY tokens amid legal dispute

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The Supreme Court of Gibraltar has reversed its decision to freeze 542 million PLAY tokens in a court battle between two companies tied to the Web3 game-creation platform PLAY Network. In an April 17 judgment, Gibraltar Supreme Court Judge John Restano undid his earlier February freeze of the tokens, finding it could have hurt the value of the tokens and that the evidence filed was insufficient to continue the freeze. “Whilst there may be many reasons for the drop in value of the tokens, the evidence before the court suggests…

XRP Bulls Uptrend In Question—Recent Gains Fade Quickly

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XRP price started a fresh increase above the $2.050 zone. The price is now consolidating above $2.080 and is struggling to gain pace above the $2.150 resistance. XRP price started a fresh increase above the $2.080 zone. The price is now trading above $2.080 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.080 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if it clears the $2.150 resistance zone. XRP Price Trims…

US dollar, stocks tumble and crypto gains as Trump amps up pressure on Fed

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Crypto markets avoided the fallout caused by US President Donald Trump’s latest salvo against Federal Reserve Chair Jerome Powell, which saw the US stock market slump and the dollar continue to weaken over uncertainty. Stock markets across the United States ended April 21 in the red, with the S&P 500 dropping 2.4%, the tech-heavy Nasdaq slipping 2.5%, and the Dow Jones losing 2.5%, or nearly 1,000 points, according to Google Finance.  The S&P 500 has now declined by more than 12% since the beginning of the year, and the Nasdaq…

Ethereum Price Loses Steam—But Maintains Bullish Structure Above Support

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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. Ethereum price failed to clear the $1,650 and corrected gains. ETH is now consolidating and might attempt to recover above the $1,620 resistance. Ethereum started a fresh bearish reaction…