Tag: News

1 Reserves and 2-Day Redemptions Required – Bitcoin News

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Key Takeaways: The FDIC approved a proposed rule on April 7, 2026, implementing GENIUS Act standards for stablecoin issuers. Permitted payment stablecoin issuers must hold 1:1 reserves in eligible assets and redeem within 2 business days. The 60-day public comment period closes before the GENIUS Act’s July 18, 2026 regulatory deadline. FDIC Moves on GENIUS Act Stablecoins The proposed rule targets permitted payment stablecoin issuers, or PPSIs, which are typically subsidiaries of FDIC-supervised insured depository institutions such as state nonmember banks and state savings associations. The GENIUS Act, codified at…

Crypto Hedge Fund Split Capital Winds Down After 100% Returns; Ebtikar Moves to Plasma – Bitcoin News

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Key Takeaways: Zaheer Ebtikar shut down Split Capital after delivering over 100% net returns since its January 2024 launch. Ebtikar cited $100 billion in venture funding and spot ETFs from BlackRock and Fidelity as reasons the hedge fund model is broken. As Plasma’s new CSO, Ebtikar will lead go-to-market strategy for the Plasma One stablecoin neobank app launching in 2026. Crypto Hedge Fund Era Ending? Split Capital Closes as Founder Pivots to Plasma Stablecoin L1 Ebtikar made the announcement on X, where he described the decision as a strategic pivot…

Meme Prediction Market App Giggles Raises $1.2M as Crypto Social Apps Compete for Gen Z – Bitcoin News

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Key Takeaways: Justin Jin, 19, raised exactly $1,234,567 from crypto VC 1kx for meme prediction market app Giggles on April 7, 2026. Giggles has 450,000 waitlist sign-ups, letting users bet “aura points” on whether short videos will go viral. The app plans to convert aura points to real cryptocurrency, putting Giggles in direct competition with platforms like Kalshi. Crypto VC 1kx Backs 19-Year-Old Founder’s Meme Prediction Market Giggles According to a Techcrunch exclusive published Tuesday, Justin Jin secured the deliberately meme-formatted figure from lead investor 1kx, a blockchain-focused venture capital…

FBI Reports $11.37B in Crypto Scam Losses as US Fraud Hits Record High – Crypto News Bitcoin News

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Key Takeaways: FBI IC3 logged $11.37B crypto losses in 2025, up 22% YoY across 181,565 complaints. Investment scams drove $7.2B losses, dominating IC3 data and targeting U.S. users via social apps. Chainalysis sees $17B global scam activity ahead, with AI tools shaping next fraud wave. FBI IC3 Report Reveals Record Crypto Losses in 2025 Across the United States The figure, detailed in the FBI’s Internet Crime Complaint Center report, reflects $11,366,669,732 in crypto-linked losses, a sharp rise from $9.3 billion in 2024. The jump represents roughly 22% growth year over…

Resident Evil Star Milla Jovovich Builds AI Memory Tool With Engineer Ben Sigman – Bitcoin News

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Key Takeaways: Milla Jovovich co-created Mem-Palace, an open-source artificial intelligence (AI) memory tool that reached ~7,000 Github stars by April 7, 2026. Mem-Palace scored 96.6% on LongMemEval R@5, outperforming paid rivals Mem0 and Zep at roughly 85%. Ben Sigman engineered the v3.0.0 release, with MCP integration supporting 19 tools for Claude, ChatGPT, and other LLMs. Milla Jovovich Designs AI Memory Architecture Inspired by Ancient Greek Memory Techniques Milla Jovovich, best known for her roles in “The Fifth Element” and the “Resident Evil” franchise, designed the core architecture of the tool…

Sealminer A4 Series Debuts as Bitdeer Hits New Bitcoin Mining Efficiency Record – Mining Bitcoin News

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Key Takeaways: Bitdeer launched the Sealminer A4 Ultra Hydro on April 7, 2026, hitting 9.45 J/TH efficiency, among the best figures in the industry. The A4 series, powered by Bitdeer’s SEAL04 chips, improves on the A3 series’ 12.5 J/TH, cutting power costs for miners facing tight post-halving margins. BTDR shares gained approximately 2.8% on launch day, with no shipment dates or pricing disclosed yet. Sealminer A4 Ultra Hydro Delivers 886 TH/s at 9.45 J/TH for Bitcoin Miners The Singapore-based company released the A4 lineup through its Sealminer brand, the in-house…

Fox Corporation Partners With Kalshi to Add Prediction Market Data to FOX News and FOX One – Bitcoin News

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Key Takeaways: Fox Corporation is integrating Kalshi prediction market data across FOX News, FOX Business, FOX Weather, and FOX One starting April 7, 2026. Kalshi, which draws millions of monthly visitors with roughly 70% coming only to view forecasts, gains exposure to Fox’s nearly 200 million monthly viewers. Fox joins CNN and CNBC in embedding Kalshi data, signaling prediction markets are becoming a standard tool for U.S. news coverage. Fox Corporation Brings Kalshi Crowd Odds to Linear TV and Streaming Platforms The deal covers FOX News Channel, FOX Business Network,…

Gold Tokenization and the Future of Real World Assets – Interview Bitcoin News

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Lim Say Cheong is an award-winning finance and digital assets leader and Chief Adviser for Digital Assets at ComTech Gold, with deep experience across global capital markets and sovereign advisory. He now focuses on advancing tokenized gold and real-world assets to enable transparent, accessible, and globally investable on-chain products. He recently joined the Bitcoin.com News Podcast to talk about the technology: During this episode Lim shared his 30-year career in financial services, predominantly in the GCC, and explained that his interest in tokenization stemmed from his work in Islamic finance…

Will XRP Reclaim $2? Santiment’s Latest MVRV Data Explained – Markets and Prices Bitcoin News

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Key Takeaways: Santiment reports that active XRP Ledger wallets saw average returns plummet to minus 41% over the past year. The XRP MVRV ratio hit its lowest since the 2022 FTX crash, signaling a deep industry undervaluation zone. Analysts eye a potential relief rally for XRP to reclaim its $2 threshold if historical patterns hold. Historical MVRV Lows Point to a Major Reversal According to the latest data from market intelligence firm Santiment, the average XRP investor is currently weathering a significant storm. Wallets active on the XRP Ledger over…

Trump Posts on Truth Social as US-Israel Strikes Hit Iran – Bitcoin News

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Key Takeaways: The IDF warned Iranian civilians to avoid trains by 21:00 local time on April 7, 2026, then struck railways in Kashan, reportedly killing two. U.S.-Israeli airstrikes claim to have rendered approximately 85% of Iran’s petrochemical export capacity inoperable since Operation Epic Fury began in February 2026. President Trump’s April 7 Truth Social post warned of further “Power Plant Day” and “Bridge Day” strikes tied to a Strait of Hormuz deadline. Iran Railway Strikes, Bridge Hits, and Missile Site Attacks Mark April 7 Escalation IDF Persian-language spokesman Lt. Col.…