Month: April 2025

Wintermute transfers $75M FDUSD since depegs, in $3M arbitrage opportunity

Market makers’ blockchain transactions point to a potential $3 million arbitrage opportunity related to the depegging of the FDUSD stablecoin. The First Digital US dollar-pegged stablecoin (FDUSD) depegged on April 2, after Tron founder Justin Sun claimed that the stablecoin issuer was insolvent. Market marker Wintermute transferred over 75...
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Bitcoin Dominance Could Climb To 64%, Putting Altcoin Recovery In Jeopardy

As the world awaits US President Donald Trump’s announcement on proposed retaliatory tariffs later today, crypto markets continue to show signs of uncertainty. In an X post shared earlier today, crypto analyst Rekt Capital emphasized that Bitcoin (BTC) dominance may be poised to rise further, potentially worsening conditions for...
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From CEX to DEX: BYDFi Celebrates 5 Years of Remarkable Growth

[PRESS RELEASE – VICTORIA, Seychelles, April 3rd, 2025] April 1, 2025 marks the 5th anniversary of BYDFi, a globally renowned crypto trading platform. Over the past five years, BYDFi has evolved from a rising platform focusing on “lightweight contract trading” to a diversified ecosystem offering spot, perpetual contract ,...
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Brazil’s Largest Bank Itaú Unibanco Mulls its Own Stablecoin

Itaú Unibanco, Brazil’s largest bank by assets, is exploring whether to issue its own stablecoin as regulatory discussions evolve and U.S. financial institutions slowly move into the sector. The decision could hinge on how American institutions fare with their stablecoin rollouts, said Guto Antunes, head of digital assets at...
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CEX listings outperform Nasdaq and Dow IPOs with 80% average returns

Cryptocurrency listings have outperformed the average of traditional stock listings, despite recent community criticism regarding the manipulation potential of token listings on centralized exchanges. Token listing procedures on centralized cryptocurrency exchanges (CEXs) drew significant controversy after Changpeng “CZ” Zhao, co-founder and former CEO of Binance, called the process flawed...
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Anthony Pompliano Praises Trump’s Tariffs As Catalyst For Crypto Innovation

Founder & CEO of Professional Capital Management, Anthony Pompliano has praised the new tariffs introduced by President Donald Trump on Wednesday, arguing that they highlight the inefficiencies of traditional financial systems and bolster the case for decentralized finance solutions like Bitcoin (CRYPTO: BTC). What Happened: Speaking on a podcast,...
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Pi Network Is a Slow Rug, Says Former PI Proponent

TL;DR PI’s 65% price crash over the past month has shifted sentiment, with even former fans now lambasting the project. Hopes for a recovery rest on potential exchange listings from Binance or Coinbase. From a Supporter to a Critic Pi Network’s native token witnessed another correction in the past...
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Bybit Beefs Up Asset Security Following $1.45B Hack

Cryptocurrency exchange Bybit, which was hit by a $1.45 billion hack six weeks ago, has teamed up with Zodia Custody to beef up its security offering for institutional clients. Backed by a troupe of heavyweight traditional finance (TradFi) companies including Standard Chartered, Zodia offers segregated custody and off-venue settlement....
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