Tag: News

Polkadot Price Dips 6% Following 1 Billion Token Minting Breach on Ethereum – Services Bitcoin News

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Key Takeaways: A hacker used a replay flaw to mint 1 billion fake Polkadot tokens via the Hyperbridge gateway. The price of DOT dropped 6% to $1.16 before recovering, while the hacker netted $237,000 in ether. Hyperbridge developers are now expected to deploy patches to secure administrative smart contract functions. Liquidity Bottleneck Limits Losses On April 13, blockchain security firm Certik alerted the cryptocurrency community to an exploit involving the Hyperbridge gateway, where a malicious actor minted 1 billion unauthorized Polkadot tokens on the Ethereum network. Following the incident, the…

Latam Seen as Opportunity Land by Investors Navigating War – Finance Bitcoin News

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Key Takeaways: With the Middle East war raging, fiat currencies in Brazil and Argentina rose, drawing future inflows next. Following a January Trump Administration intervention, Venezuela can offer a new future market opportunity. Brandywine’s Jack McIntyre, managing $44B, predicts Asian markets will shift funds to Latam oil next. Latam, Isolated From Energy Issues, Becomes An Investment Opportunity During War Time In wartime, investors adjust their portfolios to navigate the intricacies of war and maintain their performance accordingly. In this situation, Latam markets, which have become a sort of safe haven…

Saudi Arabia’s Crypto Market Projected to Reach $47.8 Billion by 2034 – Crypto News Bitcoin News

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Key Takeaways: SAMA is backing projects like mBridge to grow the market to $47.8 billion by 2034. High youth interest in DeFi and gaming is fueling a 7.51% annual growth rate for bitcoin. Future Vision 2030 reforms will tackle regulatory hurdles to reach $47.8 billion by 2034. The Rise of Institutional Backing Saudi Arabia’s cryptocurrency market is poised for a decade of massive expansion, with new data projecting the sector will nearly double in size by 2034. According to a recent industry report by IMARC Group, the kingdom’s digital asset…

‘Unfavorable Market Conditions’ — Ether Machine Terminates SPAC Merger With Dynamix Corporation – Crypto News Bitcoin News

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Key Takeaways: The Ether Machine and Dynamix Corporation (Nasdaq: ETHM) mutually terminated their July 21, 2025, SPAC merger on April 8, 2026. Dynamix will receive a $50 million cash payment within 15 days under the Termination Agreement’s exit terms. The Ether Reserve LLC holds roughly 496,712 ETH and continues operating privately with no new listing plans announced. Dynamix Corporation ETHM Merger Terminated The companies announced the end of their Business Combination Agreement, originally signed July 21, 2025, through a Current Report on Form 8-K filed with the U.S. Securities and…

Tokenized US Treasuries Near $14B as Circle, Blackrock Lead RWA Market Growth – Crypto News Bitcoin News

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Key Takeaways: rwa.xyz data shows tokenized Treasuries hit $13.53B on Apr. 12, nearing $14B and expanding RWA share. Circle USYC, Blackrock BUIDL, Ondo USDY hold $6.97B, signaling institutional dominance and scaling access. Ethereum ($7B) and BNB Chain ($3.2B) lead, pointing to multi-chain growth and broader defi integration. Tokenized U.S. Debt Gains Momentum as RWA Market Taps $29.22B in Value RWAs picked up serious traction with the rise of stablecoins, which essentially mirror fiat currencies and their steady nature. Tokenized U.S. Treasuries have largely steered the RWA market for the same…

White House Study Finds Stablecoin Yield Ban Barely Moves Lending Needle Despite Policy Focus – Regulation Bitcoin News

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Key Takeaways: White House analysis finds stablecoin yield ban lifts lending by only 0.02%, indicating limited real-world impact. Analysis shows only about 12% of reserves could be constrained under full-reserve treatment, limiting lending effects. Council of Economic Advisers finds yield ban welfare gains require implausible assumptions to turn positive. White House Analysis Challenges Stablecoin Deposit Outflow Concerns A White House economic report is reshaping how policymakers assess stablecoin regulation and its impact on banking liquidity. The Council of Economic Advisers, part of the Executive Office of the President, released an…

SEC and CFTC Fast-Track US Crypto Oversight Using Interpretive Rules to Bypass Lengthy Rulemaking – Regulation Bitcoin News

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Key Takeaways: Government Accountability Office (GAO) highlights fast-track crypto rules, boosting momentum across markets. SEC and CFTC move quickly with interpretive approach, reducing friction for digital asset expansion. Crypto framework signals lower barriers for issuers, supporting broader adoption and scalability. Regulators Accelerate Crypto Oversight Using Interpretive Rules A Government Accountability Office (GAO) review clarifies how U.S. regulators are advancing crypto policy while avoiding a judgment on the rule itself. The GAO, a congressional watchdog, issued its report on a joint rule from the Commodity Futures Trading Commission (CFTC) and the…

Oil Prices Boom After Hormuz Strait Blockade Announcement – Markets and Prices Bitcoin News

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Key Takeaways: Trump’s April 13 blockade on Iran spiked WTI crude to $104, threatening future US gas prices next. March CPI rose 0.9% amid an oil price surge, forcing Trump to brace for midterm election fallout next. With Gasbuddy tracking $4.08 US gas, Iran’s Qalibaf warns pump prices will soon exceed $5 next. Oil Prices Rise as U.S. Announces Hormuz Strait Blockade Oil markets continue to experience increased volatility, affected by the comings and goings of the ongoing conflict in the Middle East. As President Trump announced that the U.S.…

Crypto.com Puts up $1 Million CRO Bonus Pool for Fighters – Crypto News Bitcoin News

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Key Takeaways: UFC and Crypto.com will hold Freedom 250 at the White House on June 14, marking the U.S. 250th birthday. Crypto.com’s $1 million CRO bonus pool is the largest fighter prize in UFC history, tied to its 10th anniversary. Ilia Topuria defends the UFC lightweight title against Justin Gaethje; the event streams exclusively on Paramount+. UFC Freedom 250 White House Event This week, Crypto.com disclosed it will fund a $1 million bonus pool for selected fighters on the card, paid out in CRO, the native token of the Cronos…

Pro-Crypto Super PAC Tied to Tether Spends $300K on Georgia House Race – Bitcoin News

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Key Takeaways: Fellowship PAC filed its first FEC expenditure on April 8, 2026, directing $300,000 to Nxum Group LLC for advertising. The ad buy backed Clay Fuller in GA-14, but the PAC’s pledged $100M has not appeared in any FEC contribution filings. Jesse Spiro became Fellowship PAC chairman on April 1, 2026, deepening Tether U.S. ties ahead of the November midterms. Tether-Connected PAC Backs Clay Fuller in GA-14 With $300K Ad Spend Fellowship PAC filed a 24/48 Hour Report of Independent Expenditures with the Federal Election Commission (FEC) on April…