Polymarket Launches US Crypto Exchange
Polymarket seeks CFTC approval to lift a four-year ban on its main exchange, potentially reopening to U.S. users under Chair Michael Selig’s sole decision-making. #Update #Legal
Ethereum Surges as Solana Rivalry Intensifies
Ethereum’s fees hit $2.7M, dwarfing Solana’s $70K, signaling stronger economic activity. Ethereum’s active addresses also reach record highs amid price dip. Crypto $ETH
Bitcoin ETF Outflows: Blackrock Pulls $112M
Bitcoin ETFs saw $89.68M outflows, led by @Blackrock’s $112.25M exit, while Ether ETFs lost $21.80M; XRP gained $2.20M via Canary XRPC. #Update #Crypto $BTC
Fed Chair Powell Extends Term Impacting Warsh
Jerome Powell may remain at the Federal Reserve past his chair term, affecting Kevin Warsh’s confirmation timeline. Traders anticipate key developments by May 15. #Update #Finance
XRP Treasury Appoints OpenAI Foundation Executives
@Evernorth Holdings amended its SEC registration as it nears a merger with Armada Acquisition Corp II, appointing OpenAI Foundation CFO Robert Kaiden and Antalpha COO Derar Islim to its board. #Update #Crypto $XRP
ZetaChain Dismisses $334K Exploit Bug Report
@ZetaChain’s bug bounty report was dismissed prior to a $334K exploit, leading to a review of security practices. No user funds were affected. #Update #Crypto $ETH
DeFi Resilience After $292 Million Hack
Decentralized finance (DeFi) faced a $292 million exploit impacting @KelpDAO and @AAVE, causing a liquidity crunch; however, recovery efforts are underway. Tokenized real-world assets projected to hit $2 trillion by 2028. #Update #Crypto $AAVE
Bitcoin Deemed Top Inflation Hedge
Paul Tudor Jones declares Bitcoin the top inflation hedge over gold, citing its limited supply. $BTC is up 2% at $77.5k ahead of FOMC. #Update #Crypto $BTC
XRP Struggles as Whale Sales Spike
XRP trades at a 6.29% discount to its cost basis, with a long/short ratio of 2.40:1 indicating potential fragility due to whale selling and retail buying. #Update #Crypto $XRP
Bitcoin: Canada Bans 4,000 Crypto ATMs
Canada plans to ban crypto ATMs, citing their use in scams and crime. With 4,000 machines, Canada leads globally per capita. Details on enforcement remain pending. #Update #Legal
Bitcoin Must Hold Key Level for Major Bottom
Analyst Willy Woo states Bitcoin ($BTC) must break and hold above $79,000 to confirm a bullish phase, warning of potential corrections if it falls below mid-$60,000 levels. Currently priced at $76,237. #Update #Crypto $BTC (-1) →
Bitcoin Options Trading Launches on Ripple Prime
@Bullish partners with @Ripple to enable Ripple Prime clients to trade Bitcoin options using the RLUSD stablecoin, enhancing access to crypto markets without additional onboarding. #Update #Crypto $BTC
MoonPay Acquires Sodot in $100M Deal
MoonPay acquires Israeli crypto security startup Sodot for $100M in an all-stock deal to launch MoonPay Institutional, led by Caroline Pham. #Update #Crypto
Crypto Ban Proposed in Canada Over Scams
The Canadian government proposes banning crypto ATMs, citing their use in scams and money laundering, while allowing purchases through traditional money services. This follows a surge in fraud cases targeting Canadians. #Update #Crypto $BTC