The German financial supervisory authority BaFin said it identified “serious deficiencies” in Ethena’s synthetic USDe stablecoin. Ethena is the yield-generating protocol. The stablecoin has a market cap of $5.4 billion. Ethena said on X that it will “continue to evaluate alternative frameworks,” after being notified that the “application under...

On-chain data shows the Hot Supply metric has observed a sharp drop for Bitcoin recently. Here’s what this could mean for the cryptocurrency. Bitcoin Hot Supply Is Down To Just 2.8% Now According to data from the on-chain analytics firm Glassnode, the Bitcoin Hot Supply has significantly gone down...

The U.S. Department of the Treasury has lifted sanctions against Tornado Cash, a decentralized cryptocurrency mixer, effectively legalizing its use for American citizens.  This move reverses the August 2022 sanctions imposed by the Office of Foreign Assets Control, which had…...

Markets-wise, crypto was flat this week. Bitcoin was rangebound ($83,000 to $84,000). And the CoinDesk 20, which tracks about 80% of the market, stayed at about 2,600. Crypto prices suffered from being increasingly correlated with the wider financial markets, which are down on tariff worries and decreased corporate earnings....

The US Treasury Department has dropped cryptocurrency mixer Tornado Cash from its sanctions list, the agency said on March 21.  The removal follows a January ruling by a US appeals court, which said the Treasury’s Office of Foreign Assets Control (OFAC) cannot sanction Tornado’s smart contracts because they are...

The Open House Group, a leading real estate company listed on the Tokyo Stock Exchange, has announced that it now accepts XRP, Solana, and Dogecoin for payments. Open House, which added cryptocurrency payments to its accepted payment options in January…...

PancakeSwap, the biggest decentralized exchange on BSC Chain, has doubled in the last 30 days even as most cryptocurrencies crashed. PancakeSwap (CAKE) jumped to a high of $2.80 on Friday, its highest point since February 25, and 145% above its…...

SOL’s price performance over the past 24 hours has been in line with that of the rest of the cryptocurrency market and remains largely in red. Let’s check out some of the more important Solana ecosystem news. Raydium launches Pump.Fun competitor Raydium – Solana’s most popular decentralized exchange –...

HK Asia Holdings (1723) said it bought another 10 bitcoin (BTC) for $858,581. The Thursday purchase took the Hong Kong-listed company’s total to around 18.88 BTC at a cost of roughly $1.72 million. The acquisitions were made via open market transactions and funded through internal cash reserves. In a...

The past several months were highly volatile for bitcoin, with price movements that took it from under $60,000 to almost $110,000 and a subsequent crash to below $80,000. Although the last week or so has been a lot quieter, that could be the calm before the storm. Here are...