ARK Invest raised its decade-end bitcoin (BTC) price target to as high as $2.4 million apiece after revising its assumptions on active supply, which excludes lost or long-held coins. The largest cryptocurrency by market value was recently trading around $94,000. The bull-projection figure, 60% more than its January 2024 estimate, reflects a 72% compound annual…
Non-fungible token (NFT) marketplace OpenSea regained its position as the leading platform for digital collectible trading, even as overall market activity declined. Data tracker NFTScan shows that OpenSea has held the top spot in NFT marketplace trading volume for the last 30 days. According to the data, OpenSea holds more than 40% of the market’s…
Ripple has raised $318.5 million in total, backed by Andreessen Horowitz and others. Acquires Hidden Road for $1.25 billion to expand in digital finance. Launch of RLUSD stablecoin positions Ripple for broader market role. Ripple has confirmed it will not pursue an initial public offering in 2025, marking a notable shift from years of market…
Sam “SBF” Bankman-Fried, the disgraced co-founder of collapsed cryptocurrency exchange FTX, to a low-security US federal correctional institution Bankman-Fried was moved to the low-security Terminal Island federal correctional institution. Previously, he was located at the Victorville medium-security facility, a notoriously violent place, according to prison consultant firm Elizabeth Franklin-Best. Samuel Goldfaden, a partner at the…
The price of bitcoin (BTC) price has recovered to $94,000 since hitting lows under $75,000 early this month. The surge is characterized by crypto whales, large investors with substantial capital, snapping up coins from the market, in activity seen as confirming the rally. The renewed demand from whales is evident in Glassnode’s proprietary Accumulation Trend…
Polygon Labs CEO Marc Boiron called for a fundamental shift in how decentralized finance (DeFi) protocols manage liquidity, labeling the sector’s ongoing liquidity crisis as “self-inflicted.” In an exclusive interview, Boiron outlined Polygon’s vision for sustainable DeFi, emphasizing chain-owned liquidity and transparent economic models as the path forward. Boiron criticized DeFi protocols for fueling a…
The Donald Trump memecoin project has clarified the rules of its newly launched competition, which gives holders a chance to attend a private dinner with the US president. On April 23, the team behind the TRUMP token announced that the top 220 holders would receive invites to an exclusive dinner set for May 22. They…
The tide of capital once destined for raw spot Bitcoin has begun to flow through institutional canals, spot exchange-traded funds (ETFs), structured products and wrapped exposure, and while the water is rising fast, the waves aren’t quite the same. Bloomberg’s senior ETF analyst, Eric Balchunas, pointed out on X that there is a large movement…
Arbitrum price sits around $0.34, up about 5% in the past 24 hours. ARB is up despite reports Nvidia has paused a much-anticipated partnership. The broader crypto market however remains bullish. Arbitrum (ARB) price hovers around $0.34, up about 5% in the past 24 hours despite reports that global chip giant Nvidia has paused a…
Two firms, Blocknovas LLC and Softglide LLC, were spun up by North Korea’s Lazarus Group, according to cybersecurity outfit Silent Push. Two firms, Blocknovas LLC and Softglide LLC, were spun up by North Korea’s Lazarus Group, according to cybersecurity outfit Silent Push. , Business Decrypt
