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04 Апр 2025

EY updates privacy L2 as nixed Tornado Cash sanctions ease fears

Big Four accounting firm EY, formerly Ernst & Young, has changed its enterprise-focused Ethereum layer-2 blockchain Nightfall to a zero-knowledge rollup design as it says corporate clients are more comfortable with privacy solutions with easing US sanctions. EY said in an April 2 announcement that Nightfall’s new source code, “Nightfall_4,” simplifies the network’s architecture and offers near-instant transaction finality on Ethereum while making it more accessible to users than its previous optimistic rollup-based version. EY’s global blockchain leader, Paul Brody, […]

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Ethereum News 0
04 Апр 2025

First Digital redeems $26M after FDUSD depeg, dismisses Sun insolvency claims

First Digital Trust (FDT) has redeemed almost $26 million in stablecoin withdrawals after its FDUSD token briefly lost its US dollar peg following allegations of insolvency by Tron founder Justin Sun. First Digital USD (FDUSD) briefly depegged on April 2, falling as low as $0.87 after Sun claimed that First Digital was insolvent. On April 4, Sun doubled down on his allegations, claiming the firm had transferred over $450 million of customer funds to a Dubai-based entity and that it […]

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Blockchain News 0
04 Апр 2025

Bitcoin crash risk to $70K in 10 days increasing — Analyst says it’s BTC’s ‘practical bottom’

Analysts say Bitcoin (BTC) price could drop to $70,000 within the next ten days as one BTC pricing model suggests that the US-led trade war could upend investors’ risk-asset sentiment. In his latest X analysis, network economist Timothy Peterson warned that Bitcoin may return to its 2021-era all-time high. $70,000 is Bitcoin’s “practical bottom” Bitcoin price expectations continue to deteriorate as the impact of “higher than expected” US trade tariffs hits home. For Peterson, the outlook now includes an uncomfortable […]

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Bitcoin News 0
04 Апр 2025

Cango sells legacy China business, goes all-in on Bitcoin mining: Report

Cango, a publicly traded Chinese conglomerate, has agreed to sell its legacy China operations to an entity associated with peer Bitmain in a bid to go all-in on Bitcoin (BTC) mining, according to a report by The Miner Mag.  Cango agreed to sell its legacy Chinese auto financing business to Ursalpha Digital Limited in a $352 million deal, according to the report.  Additionally, Bitmain is reportedly transferring 32 exahashes per second (EH/s) to Cango. The deal effectively brings Bitmain’s mining […]

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Regulation News 0
04 Апр 2025

‘National emergency’ as Trump’s tariffs dent crypto prices

Crypto markets dipped after US President Donald Trump’s declaration of a national emergency and sweeping tariffs on all countries as part of his latest salvo in the ongoing trade war.  The Trump administration has hit all countries with a 10% tariff starting April 5, with some countries facing even larger rates, such as China facing a 34% tariff, the European Union 20%, and Japan 24%.  During an April 2 speech in the Rose Garden at the White House, Trump said […]

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Ethereum News 0
04 Апр 2025

Stablecoin supply surges $30B in Q1 as investors hedge against volatility

Despite a $30 billion surge in stablecoin supply to new record levels, cryptocurrency investors remained cautious as they awaited market stability amid US tariff fears. The total stablecoin supply rose by more than $30 billion in the first quarter of 2025, even as the overall crypto market capitalization fell 19%, according to a new report by crypto intelligence platform IntoTheBlock. “The correlation between crypto and stocks climbed as macro expectations quickly shifted from “golden era” optimism to tariff-led doom and […]

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Blockchain News 0
04 Апр 2025

Binance co-founder Changpeng Zhao to advise Kyrgyzstan on blockchain tech

Former Binance CEO Changpeng “CZ” Zhao will begin advising the Kyrgyz Republic on blockchain and crypto-related regulation and tech after signing a memorandum of understanding with the country’s foreign investment agency. “I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading,” the crypto entrepreneur said in an April 3 X post, adding that he finds this work “extremely meaningful.” His comments came in response to […]

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Regulation News 0
04 Апр 2025

Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

Binance co-founder Changpeng “CZ” Zhao donated over half a million dollars worth of crypto to the earthquake disaster relief effort in Thailand and Myanmar, in another testament to the growing utility of blockchain-based emergency charity efforts. Zhao donated 1,000 BNB (BNB) tokens worth almost $600,000 to the disaster relief funds for the region on March 3, blockchain data shows. Zhao donates 1,000 BNB. Source: BscScan “Sent 1000 BNB for the donation for Myanmar and Thailand,” wrote Zhao in an April […]

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Ethereum News 0
04 Апр 2025

Solana whales begin offloading SOL amid $200M staking unlock

Solana whales have offloaded their tokens to cash in on gains from a staking play that began four years ago.  In April 2021, four whale addresses staked 1.79 million Solana (SOL) tokens, then worth about $37.7 million. The stake was unlocked on April 4, in what Arkham Intelligence called “the largest single-day unlock of staked SOL.” The firm noted that the next similar unlock is not expected until 2028. At the time of the unlock, the tokens were valued at […]

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Blockchain News 0
04 Апр 2025

Coinbase Institutional files for XRP futures trading with CFTC

US crypto exchange Coinbase has filed with the US Commodity Futures Trading Commission (CFTC) to launch futures contracts for Ripple’s XRP token. “We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify XRP futures — bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets,” stated Coinbase Institutional on April 3.  The firm added that it anticipates the contract going live on April 21. According to the certification filing, the […]

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Regulation News 0