Hyperliquid Price Targets $20 and Beyond as HYPE Airdrop Rumors Resurface
Hyperliquid’s token price is trading at around $19 at the time of this writing and all eyes are on the major technical and psychological resistance located at $20. The cryptocurrency is up almost 4% for the past 24 hours and currently sits on a market capitalization upwards of $6...
Read More
BlackRock’s Bitcoin ETF Records Second-Best Day Ever with Close to $1B in Inflows
The overall demand and interest for the spot Bitcoin ETFs in the US has returned in full force as the products have recorded an impressive streak of seven consecutive days of net inflows. On April 28, though, many showed signs of weakness, while BlackRock’s IBIT stole the show with...
Read More
1inch launches on Solana with crosschain swaps in the pipeline
Decentralized exchange (DEX) aggregator 1inch has launched on Solana, marking a significant step toward its vision of a “unified multichain” decentralized finance (DeFi) ecosystem. According to a press release shared with Cointelegraph, the integration enables users to trade over 1 million Solana-based tokens directly through the 1inch decentralized application...
Read More
Chamath Palihapitiya Says Stablecoins Are Crypto’s ‘Second Killer App’ After Bitcoin, As Volumes Surpass Visa
Tech investor Chamath Palihapitiya highlighted the rising dominance of stablecoins in the global financial system Tuesday, deeming them one of the hottest cryptocurrency narratives besides Bitcoin (CRYPTO: BTC). What Happened: As part of his deep dive into the stablecoin market, Palihapitiya noted that stablecoins’ weekly transaction volumes have exceeded that of Visa...
Read More
Arizona Moving To Convert Up to 10% Of Its Treasury To Bitcoin: Legislature Clears Bills Paving Way For Strategic Crypto Reserve
The Arizona House of Representatives greenlit two bills on Monday that could establish a Bitcoin (CRYPTO: BTC) or other cryptocurrency reserves in the state. What Happened: Senate Bill 1025, called the Arizona Strategic Bitcoin Reserve Act, secured 31 votes in favor and 25 against. The legislation proposed allocating up...
Read More
Arizona Poised To Be The First US State To Officially Hold Bitcoin In Its Treasury
Arizona’s legislature has passed a pioneering measure that could allow the state to invest billions of dollars in Bitcoin (BTC) and other cryptocurrencies. The legislation, known as S.B. 1025, permits state public funds to allocate up to 10% of their managed assets into digital assets, positioning Arizona as a...
Read More
DOJ Seeks 20-Year Sentence for Celsius Founder Alex Mashinsky
Alex Mashinsky, the founder and former CEO of collapsed crypto lender Celsius Network, faces the prospect of spending the next two decades behind bars if the U.S. Department of Justice’s sentencing memo request is granted. In the memo filed late Monday, the DOJ urged the court to impose a...
Read More
Bitcoin, XRP, ETH Steady as BTC ETFs Attract $590M Inflows
Bitcoin and broader crypto markets were little changed in the past 24 hours with exchange-traded funds (ETFs) tracking the asset attracting over $590 million in inflows on Monday, extending a six-day streak. That marked a week of inflows for the first time since late March, coming as bitcoin’s appeal...
Read More
Abu Dhabi institutional giants team up for dirham stablecoin
A trio of major Abu Dhabi institutions, including the Emirate’s sovereign wealth fund, have teamed up to launch a new dirham-pegged stablecoin. Abu Dhabi’s sovereign wealth fund ADQ, the United Arab Emirates’ largest bank, First Abu Dhabi Bank (FAB), and the massive conglomerate the International Holding Company, have partnered...
Read More
Ethereum Foundation restructures its leadership to sharpen focus
The Ethereum Foundation has overhauled its leadership to better separate management and board responsibilities. The announcement was made in an Apr. 28 blog post. Hsiao-Wei Wang and Tomasz K. Stańczak have been named co-executive directors under the new arrangement. They…...
Read More