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Bitcoin panic selling costs new investors $100M in 6 weeks — Research
Bitcoin speculators have faced a staggering setback in the first quarter of the year, with losses exceeding $100 million within just six weeks. This alarming downturn can be attributed to a fervent wave of panic selling among short-term holders (STHs), as detailed by recent research from the on-chain analytics platform CryptoQuant. Short-term holders, primarily those…
Continue ReadingETH, XRP, ADA, SOL, and HYPE
Ethereum (ETH) This week, Ethereum experienced a significant downturn, falling by 13% after failing to maintain its position above the crucial $2,000 mark. With this psychological threshold breached, buyers have shifted their focus to the support level at $1,800, a situation that marks a return to bear market conditions not witnessed since 2023. Since December…
Continue ReadingCalls for stricter rules on political memecoins after $4B Libra collapse
Industry analysts are sounding alarms following the catastrophic collapse of the Libra (LIBRA) token, which saw a staggering $4 billion wiped off its market cap. This turmoil, triggered by insider cash-outs, has raised significant concerns regarding the safety and economic mechanisms of cryptocurrencies endorsed by high-profile political figures, notably Argentine President Javier Milei. Recent reports…
Continue ReadingWill Trump’s ‘Short-Term Pain’ Plan Result in Long-Term Gains for Crypto?
High-risk assets, particularly tech stocks and cryptocurrencies, have faced a significant sell-off recently, largely driven by escalating trade tensions linked to Donald Trump’s economic policies. This selling trend has been reported as part of a broader strategy aimed at tackling inflation and the staggering $9 trillion debt held by the United States, according to insights…
Continue ReadingTexas court issues judgment against Bancor DAO after it ignored summons
In a recent ruling from a Texas federal court, Bancor DAO, the operator behind the decentralized finance platform Bancor, has been dealt a significant legal blow. The court, presided over by Judge Robert Pitman, issued a default judgment against Bancor DAO after the entity failed to respond to a summons issued in January 2024. The…
Continue ReadingAnalyst Sees Hyperliquid’s $4M Loss as a Growth Opportunity for DeFi
Following a significant liquidation event on Hyperliquid, which resulted in a $4 million loss for the decentralized exchange (DEX), discussions have emerged labeling the occurrence a vital stress test for decentralized finance (DeFi) protocols. Analysts are examining the potential ramifications of such incidents on financial stability and on Hyperliquid’s native HYPE token, suggesting potential long-term…
Continue ReadingDemocrat lawmaker urges Treasury to cease Trump’s Bitcoin reserve plans
House Representative Gerald E. Connolly from Michigan has recently intensified his criticism of the Trump administration’s proposed establishment of a strategic cryptocurrency reserve, urging the U.S. Treasury to halt any attempts to create such a reserve. In a letter addressed to Treasury Secretary Scott Bessent on March 13, Connolly articulated that the plan poses significant…
Continue ReadingKristi Hardy: A Passionate Advocate for Kuna, Idaho
Kuna, Idaho, is more than just a place to live for Kristi Hardy—it’s a community she is deeply invested in, a town where she tirelessly works to make a difference. Whether it’s through her small business, her advocacy for education, or her commitment to family values, Kristi’s passion for her hometown shines through in everything…
Continue ReadingVermont follows SEC’s lead, drops staking legal action against Coinbase
Vermont’s Department of Financial Regulation recently announced the decision to rescind its “show cause order” against Coinbase, amidst allegations that the crypto exchange was offering unregistered securities via its staking service. This move comes in conjunction with the U.S. Securities and Exchange Commission’s (SEC) dismissal of its own legal case against Coinbase on February 28.…
Continue ReadingSolana Inflation Reform Effort Fails on Dramatic Final Voting Day
A recent vote on the Solana blockchain has resulted in a significant political and economic standoff. The proposed SIMD-0228, aimed at overhauling the network’s current inflation model, failed to gather enough support, leaving Solana’s high annual staking rewards intact for now. The defeat of this proposal reflects the tension between the network’s influential validators and…
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