Tag: News

Shrinkflation Hits Brazilians as Middle East Conflict Pushes Prices Higher – Economics Bitcoin News

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Key Takeaways: With Brazil’s March inflation at 4.14%, firms adopted shrinkflation, ensuring prolonged consumer pain next. Bloomberg notes that March food prices surged 1.56% due to Middle East war costs, ensuring tighter budgets next. Despite a 7% Jan. wage hike, angry voters blame Lula da Silva, making his upcoming reelection bid uncertain. Shrinkflation Hits Brazilian Households Even as Lula Jumps to Lighten the Burden Shrinkflation, a term made famous by former U.S. President Joe Biden during his last reelection bid, has entered the Brazilian economy. According to reports, companies have…

Circle, Dunamu Partner on Crypto Education in South Korea – Crypto News Bitcoin News

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Key Takeaways: Circle and Dunamu signed a 2026 deal to boost USDC education, strengthening Korea’s crypto trust. Upbit operator Dunamu’s partnership with Circle signals tighter compliance in South Korea’s market. Jeremy Allaire targets Korea growth, with stablecoin plans likely as regulations evolve. USDC Issuer Circle Expands Korea Ties With Dunamu Circle, the issuer of the USDC stablecoin, has entered into a partnership with South Korea’s Dunamu, operator of the country’s largest cryptocurrency exchange Upbit, as both firms seek to deepen engagement in one of Asia’s most active digital asset markets.…

Bitcoin, Ether ETFs See Nearly $1 Billion in Weekly Inflows – Markets and Prices Bitcoin News

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Key Takeaways Bitcoin ETFs gained $786 million and ether $187 million from April 6–10, led by Blackrock IBIT demand. IBIT and ETHA drove flows, while Grayscale GBTC outflows show uneven investor confidence. XRP added $11.75 million but solana lost $5.6 million, signaling selective inflows may continue for altcoin ETFs. Crypto ETFs Rebound With Strong Weekly Inflows The week began with force and it ended with conviction. After a choppy stretch, crypto ETFs delivered a decisive rebound between April 6 and April 10, with capital returning in size to both bitcoin…

Dutch State Lottery Takes Biggest Illegal Gambling Site to Court as Regulator Says €24M Fine Was Too Low – iGaming Bitcoin News

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Key Takeaways: Nederlandse Loterij sued Qbet’s operators and directors at The Hague, targeting the offshore shell network behind the Netherlands’ largest illegal gambling site KSA chair said the record €24.8M fine should have exceeded €100M but Dutch law caps penalties at 10% of global turnover 53% of Dutch online gambling spend goes to unlicensed platforms, with crypto and anonymous payments cited as aggravating factors The operator filed suit against the operators and directors behind Qbet at the District Court of The Hague, with the first hearing taking place on April…

Aave Labs Secures $25M Stablecoin Grant as DAO Formalizes Revenue Control Model – Bitcoin News

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Key Takeaways: Aave DAO passed AIP 469 on April 12, 2026, granting Aave Labs $25M in stablecoins and 75,000 AAVE tokens. The “Aave Will Win” framework directs 100% of protocol and product revenue to the DAO treasury, ending prior disputes. Stani Kulechov targets $1T+ TVL via Aave V4, consumer apps, and RWA expansion under the newly approved structure. Aave Votes Yes on $25M Stablecoin and 75,000 AAVE Token Grant for Aave Labs The proposal, AIP 469, cleared with 522,780 AAVE tokens cast in favor, representing roughly 74.89% of participating votes.…

Bank of Korea Pushes Crypto Circuit Breakers to Prevent Sudden Market Breakdowns – Regulation Bitcoin News

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Key Takeaways: BOK urged crypto exchanges to adopt circuit breakers to curb extreme volatility. Central bank said crypto firms lack controls compared to traditional finance standards. Report called for real-time systems to verify balances and prevent payment errors. Crypto Exchange Failure Exposes Control Weaknesses South Korea’s central bank, the Bank of Korea (BOK), said in its annual payment and settlement report on April 13 that crypto exchanges should adopt circuit breaker mechanisms following a major operational failure at Bithumb. The move signals a push to align digital asset trading infrastructure…

JD Vance Leads Despite VP’s Historic Approval Low – Bitcoin News

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Key Takeaways: JD Vance’s net job approval dropped 21 points from January 2025 to April 2026, per CNN polling data. Polymarket’s 2028 presidential market hit $521.6M in volume, with Vance leading at 18.9% odds. Kalshi gives Vance a 21% chance in 2028, but Gavin Newsom at 17% is closing the gap fast. JD Vance Approval Hits Lowest VP Rating in Modern Era as 2028 Speculation Builds on Prediction Markets CNN data analyst Harry Enten flagged the drop in a recent segment, citing polling that places Vance’s net job approval at…

Strategist Sees Bitcoin Bear Signals, Warns Crypto Bust Could Push BTC to $10K – Markets and Prices Bitcoin News

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Key Takeaways: Bitcoin faces bear signals as Bloomberg’s strategist flags high correlation with equities. Forecast sees BTC dropping toward $10K as liquidity conditions tighten further. Crypto markets risk a broader bust as McGlone cautions excess supply pressures valuations. Bitcoin Slides Into Bear Territory as Strategist Highlights Crypto Bust Dynamics Elevated volatility and rising correlation with equities are undermining bitcoin’s diversification appeal, signaling mounting pressure across crypto markets. Bloomberg Intelligence senior commodity strategist Mike McGlone analyzed these trends on April 12, focusing on Blackrock’s Ishares Bitcoin Trust ETF (IBIT) and its…

Bitcoin Price Climbs Toward $75,000 as US-Iran Strait of Hormuz Tensions Trigger Short Squeeze – Bitcoin News

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Key Takeaways: Bitcoin climbed toward $75,000 on April 13 after millions in short positions were liquidated within hours. U.S.-Iran Strait of Hormuz tensions drove traders back into BTC, testing the top of a two-month consolidation range. Analysts set $75,000 to $80,000 as near-term targets, but pre-April 15 tax selling and oil-driven inflation fears remain risks. BTC Tests 2-Month Consolidation High Near $75,000 The move played out quickly. Within hours of the blockade announcement, millions in short positions were liquidated as buyers stepped in at support near $70,000, accelerating the climb.…

SEC Commissioner Calls for Permanent Broker Rule Overhaul Reflecting Modern Crypto Market Realities – Regulation Bitcoin News

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Key Takeaways: SEC Commissioner favors a more permanent approach to defining broker rules in crypto markets. Guidance from SEC limits when crypto interfaces must register as broker-dealers. Outlook suggests SEC may pursue clearer, permanent rules after industry feedback. SEC Guidance Defines Crypto Interface Boundaries Regulatory clarity for crypto interfaces is advancing as policymakers reassess broker definitions in decentralized markets. U.S. Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce commented on April 13 after the SEC Division of Trading and Markets issued guidance that outlined when crypto interface providers and…