Bitcoin Miner Hut 8 Has Larger, More Diversified Business Model Following USBTC Merger: Canaccord
The broker cut its price target to $14 from $17.50 while maintaining its buy rating.
Ethena Onboards Bitcoin as Backing Asset to Make USDe ‘Safer’
The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.
Crypto Derivatives Lost Overall Market Share in March Despite Hitting Record High Trading Volume of $6.18T
The share of crypto derivatives in total market activity slipped to 67.8% in March, according to CCData.
EU Watchdog Says Reordering Blockchain Transactions Might Be Market Abuse. Industry Says It’s Not
Maximum extractable value (MEV), in which blockchain operators reorder transactions to squeeze out additional profits, usually at the expense of whoever is sending the transactions, is not inherently bad, some policy experts point out.
Crypto Has ‘Too Many Tokens’ and Mergers Are Coming
M&As could give birth to tokens such as ‘ShibaPepes’ and ‘FlokiDoges,’ according to one expert.
OneCoin Compliance Chief Sentenced to 4 Years in Prison for Role in $4B Ponzi Scheme
Bulgarian national Irina Dilkinska pleaded guilty to wire fraud and money laundering charges in 2023.
Bitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed Commentary
The world’s largest crypto regained the $69,000 level at one point in the session before slipping a bit.
Coinbase Says Canadian License Makes It Country’s Biggest Registered Crypto Exchange
The U.S. exchange announced it had achieved “restricted dealer” status, furthering its expansion into Canada that began last year.
Ether Could Avoid Designation as a Security With Centralization Risk Easing, JPMorgan Says
Staking platform Lido’s share in staked ether has continued to fall, reducing concerns about concentration in the Ethereum network, the report said.
Near Record High Funding Rate Suggests Bitcoin Pullback Not Over
The recent taban in price doesn’t appear to have dented optimism from traders betting on a continued bull run.