NFT Prices Climb as Market Activity Narrows Behind the Scenes
Some may see the non-fungible token (NFT) market as booming if they are just focused on price rises. Overall, however, the evidence reveals a different story. In first place are…
Aave Leads $160M Rescue Effort After DeFi Exploit Shakes Market
The largest decentralized finance (DeFi) exploit of the year reportedly left Aave with a bad debt of $200 million; the platform has raised around $160 million to pay it off,…
Western Union Accelerates Crypto Push with USDPT Stablecoin Launch
Financial services giant Western Union plans to debut its new stablecoin in May as part of its crypto strategy, which also includes its digital asset network and US dollar stable…
Brazil Cracks Down on 27 Prediction Market Platforms
Kalshi and Polymarket are among 27 prediction market platforms that the Brazilian government has taken action to shut down. According to state-owned news source Agência Brasil, the decision was made…
CFTC Battles New York in Court Over Control of Prediction Markets
An already heated dispute about who has the power to regulate prediction market platforms has escalated with the Commodity Futures Trading Commission (CFTC) suing New York in an effort to…
Bitcoin Consolidates Above $77K as as April Rally Flexes Its Muscle
Bitcoin stabilised and stayed above $77,000 on Friday, after a week in which it reached its highest level since early February. Statistics from CoinGlass show that the leading cryptocurrency is…
U.S. Freezes $344M in Crypto Linked to Iran Amid Escalating Sanctions
Following the sanctions on many wallets linked to Iran, U.S. Department of the Treasury Secretary Scott Bessent said that OFAC had frozen cryptocurrency assets valued at $344 million. Bessent stated:…
US Spot Bitcoin ETFs Log Nine-Day Inflow Run as Momentum Builds
U.S. Spot Bitcoin exchange-traded funds (ETFs) have maintained a nine-day streak of positive inflow performance into late April, reflecting the growing confidence of investors in Bitcoin. A total net inflow…
China Cracks Down on Crypto Promotions Via New Marketing Rules
The “Administrative Measures for Online Marketing of Financial Products” (Announcement No. 9), dated April 21, was completed by China’s central bank and seven other authorities and was officially released on…
India Pushes e-Rupee Adoption via Welfare Payments
While getting ready to showcase its central bank digital currency (CBDC) at a BRICS countries meeting later this year, India is relying on welfare payments to encourage adoption. Reuters said…