Spot Ethereum exchange-traded funds continued shedding assets as US recession risks rose and its price crashed. SoSoValue data shows that spot Ethereum (ETH) ETFs shed assets in the last seven consecutive weeks. They had net outflows of $82.4 million last week, bringing the cumulative inflows to $2.2 billion. All ETH ETFs now have just $5.25
Leading non-fungible token (NFT) marketplace OpenSea has called on the U.S. Securities and Exchange Commission (SEC) to formally exempt NFT platforms from federal securities regulations. In a letter dated April 9, OpenSea’s general counsel Adele Faure and deputy general counsel Laura Brookover appealed to SEC Commissioner Hester Peirce, who heads the agency’s Crypto Task Force.
This weekend, Bitcoin (BTC) pushed up 5% to once more flirt with $85,000, but seasoned analysts aren’t cheering just yet, suspecting a fakeout. Crypto investor Daan Crypto Trades dropped a spicy warning, noting that the number one cryptocurrency has formed weekend gaps for six weeks in a row, with its price retracing hard by midweek
Popcat, a top Solana meme coin, has staged a strong comeback as investors bought the dip and exchange reserves dropped. Popcat (POPCAT) rose for four consecutive days, reaching a high of $0.25, its highest level since March 25. It has jumped by almos 100% from its lowest level this month. The jump happened as crypto
Are we going into a recession? 42% of mortgage refinance applications are being rejected, the most in history. Additionally, private sector debt is ~$30.5T, and $18T of that is household debt (mortgage, car, credit card, HELOC). That’s nearly as high as the national debt, carrying much higher interest rates, and the private sector can’t print
Less than two months ago, the crypto exchange Bybit fell victim to one of the largest attacks in the crypto sector’s history, losing about $1.5 billion in ether (ETH) to cyber criminals. While the leading trading platform has recovered significantly from the effects of the attack, market experts have analyzed data that showed how it
Despite Ethereum’s continued struggle to maintain the $1,600 price level, several altcoins posted triple-digit gains. Wayfinder (PROMPT), Magic Internet Money (MIM), and Bitcoin Wizards (WZRD) are leading the charge in the past 24 hours. Wayfinder has risen by 179.2% in the last 24 hours and trades at $0.5043 from a low of $0.1798. The token
Key Takeaways The US Department of Justice disbanded its National Cryptocurrency Enforcement Team under Trump’s administration. Trump’s administration is easing crypto regulations and issued executive orders to provide clarity to the industry. Share this article The US Department of Justice has dissolved its National Cryptocurrency Enforcement Team (NCET), a unit focused on investigating and prosecuting
Blockchain analytics firm Bubblemaps has exposed the team behind US First Lady Melania Trump’s memecoin, MELANIA. It spotted the team moving $30 million worth of the tokens out of the project community fund and subsequently selling them. In an April 7 post on X, Bubblemaps said that 50 million MELANIA tokens worth around $30 million
Even though he has given no new interviews or made any major new investments from beyond the grave, Munger made the news again this week for his amazing work ethic and sound investment advice. An article that appeared on CNBC reprised an old Munger quote that investors who can’t handle bear markets “deserve the mediocre