Month: April 2025

Crypto, DeFi may widen wealth gap, destabilize finance: BIS report

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The growing adoption of cryptocurrencies may pose risks to the traditional financial system and exacerbate wealth inequality, according to the Bank for International Settlements (BIS). In an April 15 report, the BIS warned that the number of investors and amount of capital in crypto and decentralized finance (DeFi) have “reached a critical mass,” with investor protection becoming a “significant concern for regulators.” The size of the crypto market signals that authorities should be worried about the “stability of crypto over and above the role it may have for TradFi and…

Ethereum Trades At Bear Market Lows: Fundamentals Signal Major Undervaluation

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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 is trading below critical resistance levels after enduring weeks of heavy selling pressure and lackluster performance. Since breaking below the psychological $2,000 mark, the price has dropped more…

HashKey Capital launches Asia’s first XRP Tracker Fund

HashKey Capital has launched Asia’s first XRP Tracker Fund, giving professional investors a regulated way to gain exposure to XRP without holding the asset directly.  The fund’s launch, announced in an Apr. 18 press release, marks the latest push to unite traditional finance with digital assets. The XRP Tracker Fund will mirror the price of XRP, the native token of Ripple’s (XRP) payment network. Ripple, an established player in cross-border blockchain transfers, will serve as the anchor investor.  The fund offers a simpler and safer way to invest in XRP…

BNB Weathers the Storm Better Than Altcoins, Stats Show

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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. Binance Coin (BNB) has continued to show excellent market performance, going up between $575 and $591 over the last week. The cryptocurrency trended upwards between April 13 and April…

$400M Web3 investment fund ABCDE halts new investments, fundraising

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Web3 and blockchain-focused investment fund ABCDE is halting new investments, but the $400 million fund remains committed to supporting its existing projects. In an April 19 X post, ABCDE co-founder and Huobi exchange founder Du Jun said the $400 million fund will no longer invest in new projects or raise capital for the second phase of the fund. However, Jun said the fund will continue to “post-investment support and exit arrangements of existing projects” to ensure the firm’s commitment to entrepreneurs and liquidity providers (LPs). “My personal work focus will…

Decentralized finance gains ground in Yemen amid US sanctions

Locals in Yemen have turned to decentralized finance as a way to navigate sanctions imposed by the United States that have cut off access to traditional banking services. According to blockchain intelligence firm TRM Labs, some Yemenis are increasingly using DeFi protocols to send and receive funds, manage remittances, and bypass disruptions to local financial services. Over 63% of Yemen’s crypto-related web traffic is now tied to DeFi platforms, while global centralized exchanges account for just 18%, according to TRM’s data. The trend follows several rounds of US sanctions targeting…

XRP Consolidation About To Reach A Bottom, Wave 5 Says $5.85 Is Coming

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. XRP is still in consolidation mode after hitting a new seven-year high in January 2025. This consolidation has seen the price drop slowly, but steadily, losing around 40% of…

Base creator Jesse Pollak admits ‘Base is for pimping’ art was a mistake

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The creator of Ethereum layer 2 blockchain Base, Jesse Pollak, has apologized following backlash over posting digital artwork that controversially played on Base’s tagline, “Base is for everyone.” Several social media users found the artwork offensive and inappropriate. “It was a single phrase among many, but I’ll own this was a mistake and apologize,” Pollak said in an April 18 X post referring to his decision to reshare a GIF image that featured the phrase “Base is for…” followed by a rotating sequence of words, including both controversial terms like…

Base creator admits sharing ‘Base is for pimping’ art was a mistake

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The creator of Ethereum layer 2 blockchain Base, Jesse Pollak, has apologized following backlash over posting digital artwork that controversially played on Base’s tagline, “Base is for everyone.” Several social media users found the artwork offensive and inappropriate. “It was a single phrase among many, but I’ll own this was a mistake and apologize,” Pollak said in an April 18 X post referring to his decision to reshare a GIF image that featured the phrase “Base is for…” followed by a rotating sequence of words, including both controversial terms like…