Cryptocurrency News

US Court Fines CLS Global for Wash Trading in Cryptocurrency

A U.S. federal court in Boston fined UAE-based crypto firm CLS Global $428,000 for manipulating token trading volumes through a wash trading scheme. The April 2 ruling also prohibits the ...

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Industry Experts Assert AI Won’t Replace Crypto Developers Soon

The global artificial intelligence (AI) market is expected to expand from $214.6 billion in 2024 to $1,339.1 billion by 2030, with a compound annual growth rate of 35.7%. Despite this ...

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Grayscale Submits New S-1 Form to SEC for Solana ETF

**Grayscale’s Move to Convert Solana Trust into ETF Faces SEC Review** Grayscale Investments has filed for regulatory approval to transform its Solana Trust into an exchange-traded fund (ETF) on NYSE ...

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Ethereum Developers Set to Launch Pectra Upgrade on Mainnet on May 7

**Ethereum’s Pectra Upgrade Set for May 7 Launch** Ethereum developers have set May 7, 2025, as the official launch date for the Pectra upgrade on the mainnet. This upgrade aims ...

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Hut 8 CEO Unveils Ambitious Plan for American Bitcoin Mining Dominance

As the cryptocurrency industry grows, American Bitcoin mining companies are making bold moves to become global leaders. Hut 8 is at the forefront of this push, leveraging strong connections with ...

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DeFi Total Value Locked Falls Over 30% Since December Peak, Data Shows

**DeFi’s Total Value Locked Drops Over 30% Amid Market Uncertainty** The value locked in decentralized finance (DeFi) has plunged by more than 30% from its December peak, highlighting market instability ...

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Crypto Analyst Warns: Solana Price Might Drop Below $100 Despite Fidelity ETF Filing

**Solana Faces Market Turmoil Amid Tariff Announcements** Solana (SOL) experienced a rough week, dropping 8% to $115 after former U.S. President Donald Trump announced new tariffs that rattled financial markets. ...

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Analysts at Sygnum Bank Compare Bitcoin’s Price Movement to Tech Stocks, Not Digital Gold

Recent fluctuations in Bitcoin’s price are prompting analysts at Swiss crypto bank Sygnum to liken it to high-growth tech stocks rather than traditional safe-haven assets like gold. In a newly ...

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In 2024, Early-Stage Investments in Bitcoin Startups Surge, Defying Overall Market Trends

Early-stage investment in Bitcoin-native startups experienced a significant surge in 2024, highlighting the growth of this previously niche sector, according to a new report by Trammell Venture Partners (TVP). Despite ...

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Coinbase Institutional is seeking approval from the CFTC to offer XRP futures trading.

Coinbase Institutional has filed for approval from the Commodity Futures Trading Commission (CFTC) to offer XRP futures trading. This new feature aims to meet the growing demand from institutional investors ...

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