Author: News Room

After the price of Pepe (PEPE) rose to $0.00000826, Spot On Chain revealed that some large investors were buying more of the token. According to Spot On Chain’s post on X, one trader changed 3.67 million USDC and 300 WTAO (WrappedTAO) and bought 460.2 billion PEPE. Another trade involved in the accumulation liquidated $1.12 million of his Shiba Inu (SHIB) holdings and bought 100 billion PEPE. As the price rebounds ~23% (24H), two smart traders, who have earned $2M+ from $PEPE, added 560.2B $PEPE ($4.67M) to their holdings.1. Trader 0xd93 spent 3.67M $USDC and 300 $WTAO (total: $3.86M) to buy…

Sam Bankman-Fried’s defense team argued the U.S. Department of Justice was misapplying legal precedent in arguing for a lengthy prison term. The DOJ urged a sentence of 40 to 50 years, as opposed to the defense’s request for roughly 6 years, for the former FTX CEO. Sam Bankman-Fried’s lawyers have pushed back against some of the legal cases cited by the U.S. government in its sentencing memo, which makes the case for why the Department of Justice think the former FTX CEO should be handed a sentence in the range of 40-50 years, a court filing on Wednesday said. Bankman-Fried’s…

In a captivating solo episode of his podcast, Anthony Pompliano, Founder of Pomp Investments, meticulously unravels the complexities surrounding the notion of a Bitcoin supercycle. According to Pompliano, understanding Bitcoin’s historical cycles and the significant impact of halving events is crucial for grasping the asset’s future trajectory. He emphasizes that each halving, a pre-programmed event reducing Bitcoin’s new supply rate, historically precedes a substantial price increase, underscoring the asset’s resilience and growth potential. Pompliano’s analysis does not shy away from acknowledging the unique aspects of the current Bitcoin cycle. He points out how Bitcoin has deviated from past patterns, such…

TL;DR The cryptocurrency market is on the rebound, with various altcoins seeing minor gains, while a certain digital asset surged by over 20% after Coinbase announced support for it. Similar listings, such as those for Akash Network (AKT) and Helium Mobile (MOBILE), demonstrate the exchange’s influence on boosting crypto valuations and investor interest. The cryptocurrency market continues to recover from the most recent correction, with Ripple (XRP), Dogecoin (DOGE), Shiba Inu (SHIB), and many other altcoins witnessing minor gains on a daily scale. Other assets, though, have rallied much more significantly, with Ronin (RONIN) being an evident example.  The gaming…

In a remarkable twist for cryptocurrency enthusiasts, Bitcoin has once again asserted its dominance in the financial realm by increasing its price to the sky-high level of over $68,000, accompanied by an enticing $6,000 green candle. This surge marks the largest daily increase since February 2021, sending the digital currency community into a frenzy. With all eyes on the coveted milestone of $75,000, an impressive $5 billion worth of Bitcoin shorts is hanging in the balance, awaiting a potential liquidation. The positive fluctuations in the price of Bitcoin The new threshold of $75,000 Conclusion The positive fluctuations in the price…

VeChain, a prominent L1 public blockchain platform, has unveiled the winners of its recent hackathon held at the University of Cambridge.— The event, organized in collaboration with Web3 educational app EasyA and supported by Boston Consulting Group (BCG), aimed to foster the development of VeChain’s VeBetterDAO ecosystem. Over 50 projects were presented during the hackathon, showcasing innovative applications leveraging blockchain technology.All winners were awarded a portion of the $30,000 prize fund and the opportunity to access additional funding. Projects were evaluated by a panel of industry experts, including Dr. Bernhard Kronfellner from BCG, based on their ability to address sustainability…

Over the past few hours, the price of Stacks (STX) has skyrocketed over 30%, reaching an all-time high of $3.65. The token has risen from an intraday low of $2.75 on March 20, but has retreated slightly and is trading at $3.36 at the time of writing. Moreover, since the beginning of this year, the asset has grown by an impressive 125%. Stacks allows developers to write smart contracts for the Bitcoin network. The impetus for the price increase was the approval of a major upgrade to the Stacks protocol called Nakamoto. On March 20, the Stacks Foundation announced that…

It came to light yesterday that the U.S. Securities and Exchange Commission (SEC) is likely looking to reclassify Ethereum’s native token, ether (ETH), as a security. Not everyone believes this to be the case, and so far the SEC has deferred answering definitively on whether there is an ongoing probe — just like how the agency has punted the can on saying definitively that ETH is or isn’t a security. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here.…

Crypto exchange Kraken unveiled an institutional custody service underpinned by its Wyoming bank charter license. Kraken Institutional features deposits held in segregated accounts remote from the exchange and on a full-reserve basis. Cryptocurrency exchange Kraken has unveiled a qualified custody service for institutional clients in crypto-friendly Wyoming through the firm’s long-standing state-chartered banking license in the region. Kraken Institutional, announced on Wednesday, operates under the special purpose depository institution (SPDI) charter snagged by the exchange back in 2020. All deposits will be held in segregated accounts remote from the exchange itself and on a full-reserve basis. Wyoming, which is populated…

The next halving event is expected in mid-April. Bitcoin rallied into and after previous block reward halvings. Coinbase said non-crypto influences such as macro factors are also important. Historical precedent suggests that bitcoin’s (BTC) recent strong performance will continue into and after the upcoming halving, as the event reduces the supply of new BTC, but investors should be wary of this view, Coinbase (COIN) said in a research report on Wednesday. The world’s largest cryptocurrency rose an average of 61% in the six months before prior halvings and gained an average of 348% in the six months after, Coinbase noted.…