LATEST BY PRIYA SETHI
Bitcoin
Saylor Confirms Fresh Bitcoin Acquisition, Reversing Earlier Sale Speculation
MicroStrategy's Michael Saylor has announced another Bitcoin purchase, signaling renewed conviction after earlier hints of potential sales during the Q1 earnings call. The move comes as Bitcoin holds steady around the $80,000 mark.
Markets
Bitcoin's Dominance Climbs Past 61%: Is an Altcoin Revival on the Horizon?
Bitcoin's market dominance has surged above 61%, signaling a potential shift in crypto market dynamics. While BTC leads, the question remains whether altcoins, despite recent volume shares, can follow suit or if a prolonged 'Bitcoin season' is underway.
Markets
XRP Sentiment Soars on Rakuten Integration, But Key Resistance Stalls Price Action
Despite a two-year high in social media sentiment driven by a major Rakuten Wallet integration, XRP's price remains constrained by a critical $1.40-$1.45 resistance zone, leaving traders to eye a decisive breakout.
Markets
Ethereum's Path to $3,000: Key Technicals and On-Chain Signals Point to Continued Upside
Despite recent fluctuations, Ether (ETH) shows strong indicators for a potential rally to $3,000 in May, driven by bullish technical patterns, robust support levels, and renewed buyer confidence.
Markets
Bitcoin ETFs Break Nine-Day Inflow Streak Amidst BTC Price Correction
U.S. spot Bitcoin ETFs recorded their first net outflows in nine sessions, totaling $263 million, as BTC struggled to hold above $77,000. This shift marks a pause in the recent bullish momentum, with Fidelity leading the outflows.
Bitcoin
Michael Saylor Signals Another MicroStrategy Bitcoin Buy as BTC Nears $78K
MicroStrategy's chairman, Michael Saylor, has once again hinted at an impending Bitcoin acquisition, fueling speculation as the corporate giant's existing BTC holdings show solid profitability amidst Bitcoin's rally towards $78,000.
Regulation
Jane Street Moves to Dismiss Terraform's Insider Trading Suit, Citing Prior Litigation
Quantitative trading firm Jane Street has filed a motion to dismiss Terraform Labs' insider trading lawsuit, asserting that the reasons for the Terra ecosystem's 2022 collapse have already been litigated and that the suit is an attempt to extract funds.
Markets
Bitcoin Coiled for "Powerful Move" as Bollinger Bands Tighten, $80K Resistance Looms
Bitcoin's price action is signaling an imminent, significant shift, with the Bollinger Bands indicator pointing to extreme volatility. Traders are closely watching the critical $80,000 resistance level as a potential catalyst for the next major leg.
Markets
Bitmine Accelerates ETH Accumulation, Nears 5% of Total Supply with Major Purchase
Bitmine Immersion Technologies has executed its largest Ether purchase in months, acquiring over 101,000 ETH and pushing its total holdings closer to 5% of the circulating supply, signaling strong conviction in Ethereum's long-term value.
Infrastructure
Worldcoin Expands Identity Tech to Zoom, Docusign Amidst Deepfake Fight, WLD Dips 13%
Worldcoin's 'proof of human' technology, leveraging iris scanning, is expanding its reach into major platforms like Zoom, Docusign, and Tinder to combat the rising threat of AI-generated deepfakes. Despite these significant integrations, the WLD token experienced a 13% price drop, raising questions about market sentime
Regulation
Cato Institute Urges US to Scrap Crypto Capital Gains Tax for Enhanced Currency Competition
A prominent US think tank, the Cato Institute, is advocating for the complete removal of capital gains taxes on cryptocurrencies, arguing that the current tax regime stifles digital asset utility and hinders genuine currency competition.
Infrastructure
Hyperbridge Exploit Mints 1 Billion Bridged DOT, Revives Cross-Chain Security Fears
A recent exploit on Hyperbridge, a Polkadot-based interoperability protocol, allowed an attacker to mint 1 billion bridged Polkadot (DOT) tokens on Ethereum, ultimately cashing out approximately $237,000. The incident reignites critical discussions around the security of cross-chain bridge infrastructure, despite nativ
Infrastructure
Bittensor Rocked by 'Decentralization Theatre' Claims as Covenant AI Exits, TAO Plunges 18%
Decentralized AI network Bittensor faces a significant challenge to its core ethos as key subnet developer Covenant AI departs, citing "decentralization theatre" and concentrated governance, sending TAO token prices down 18%.
Markets
Bitcoin Holds Steady Post-PCE, Traders Eye CPI for Next Catalyst Towards $80K
Bitcoin price action remained resilient around $71,000 following the latest US PCE inflation data, with market participants now keenly awaiting Friday's CPI report for fresh directional impetus, as some analysts maintain an $80,000 BTC target.
Regulation
US Crypto Safe Harbor Proposal Reaches White House for Final Review
A pivotal proposal for crypto regulation, including startup and fundraising exemptions, has advanced to the White House's Office of Information and Regulatory Affairs (OIRA), signaling a potential shift towards clearer guidelines for the US digital asset market.