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Cryptography News
Coindoo
1w
203
Image Credit: Coindoo
China’s Central Bank Urges Major State-owned Banks to Reduce Dollar Purchases
- China's central bank, the PBOC, instructs state-owned banks to halt additional purchases of U.S. dollars to curb speculative trading in the foreign exchange market.
- The PBOC aims for a controlled depreciation of the yuan, not a drastic drop, to maintain export competitiveness and avoid undermining market trust and capital flight.
- China plans to support key industries through various financial strategies to offset the impact of U.S. tariffs on Chinese goods.
- The PBOC's focus is on stabilizing financial markets and maintaining currency stability amid trade strains, while the Chinese government closely monitors the situation to avoid excessive fluctuations.
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Coinjournal
1w
322
Virtuals Protocol token in a freefall as AI agents creation drops to zero
- No new AI agents have been generated on Virtuals Protocol in a week, down from 1,000 daily in November.
- Virtuals Protocol’s revenue has dropped to $500 while the VIRTUAL token has fallen 90% from its $4.61 peak.
- Critics call AI agents “garbage” amid the drastic drop in demand.
- Virtuals Protocol faces a potential collapse as revenue dwindles and the token price plummets.
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Coinjournal
1w
377
Chainlink price outlook: is LINK in danger of crashing to $7.50?
- Chainlink (LINK) is facing significant bearish pressure, with a double digit dip in the past week seeing an analyst predict a potential crash to $7.50.
- CRYPTO ANALYST WARNS OF FURTHER DIPS: Chainlink price struggles to find stable ground amid market volatility, with fears of a potential slip to the $7.50 mark, representing a 35% decline.
- PREVAILING MARKET CONDITIONS: Chainlink's price decline aligns with broader market volatility and the impact of macroeconomic and geopolitical factors on cryptocurrencies.
- RECOVERY POSSIBILITIES: An upward trend for Chainlink could be driven by stabilization of Bitcoin and Ethereum, positive sentiment shift, and reclaiming of key levels.
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Coindoo
1w
212
Image Credit: Coindoo
DOODi: The Breakout Meme Coin on BNB Chain
- DOODiPALS (DOODi) is the breakout meme token gaining traction in the gaming and crypto communities on the BNB Chain.
- The $100 million liquidity support program of BNB Chain, which aims to provide deep on-chain liquidity, has contributed to the rise of DOODi and other promising tokens.
- Unlike most meme coins, DOODi stands out with real gaming utility and a dedicated community, making it an exciting token to watch.
- As Apeiron's player base grows, DOODi is expected to evolve beyond a simple meme token into a core part of the game's economy and ecosystem.
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Cryptopotato
1w
8
Image Credit: Cryptopotato
Is The Ripple Vs. SEC Lawsuit Really Over? They Just Clashed Again
- Ripple's legal saga with the SEC continues, with a recent filing from Justin W. Keener sparking further intrigue.
- The SEC recently filed an opposition to Justin W. Keener's 'emergency request' related to evidence in favor of Ripple and liberty for the American people.
- Some predict that a court denial of the SEC's request could cause a price rally for XRP, but major developments in the legal tussle have already occurred.
- The Ripple community now awaits the potential approval of a spot XRP ETF in America or a renewed bull run for the cryptocurrency market to trigger an upswing for XRP.
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Cryptopotato
1w
360
Image Credit: Cryptopotato
Trump’s Trade War Proves Blockchain’s Value, Says Cardano’s Hoskinson at Paris Blockchain Week
- IOG's founder, Charles Hoskinson, spoke at Paris Blockchain Week about the value of blockchain and decentralization.
- Hoskinson believes the Trade War initiated by Trump proves the need for blockchain and decentralization in a world with too much centralization.
- He warned that the entrance of tech giants like Amazon, Apple, Google, and Microsoft into the blockchain industry may centralize control and urged the decentralized side to collaborate and stand together to avoid being overpowered.
- Hoskinson outlined the agenda for the industry, emphasizing the merging of Traditional Finance (TradFi) and Decentralized Finance (DeFi) into a unified concept of Finance (Fi).
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Coindoo
1w
275
Image Credit: Coindoo
Shaquille O’Neal Settles $11 Million Lawsuit Over Astrals NFT Project
- Shaquille O’Neal has settled an $11 million lawsuit over the Astrals NFT project.
- The settlement establishes a $11 million fund for eligible class members.
- The lawsuit accused O’Neal of promoting the sale of unregistered securities.
- The settlement was approved by a Florida federal court judge on April 1, 2025.
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Cryptoticker
1w
101
Image Credit: Cryptoticker
Trump’s Tariff Surge on China Sparks Global Jitters — Can Bitcoin Become an Alternative to USD?
- Tariffs imposed by U.S. President Donald Trump on Chinese imports have led to a plunge in Bitcoin and Ethereum prices.
- The trade standoff between China and the U.S. has caused uncertainty in both traditional and crypto markets.
- The immediate impact of the tariff escalation is expected to be negative for cryptocurrencies due to suppressed global growth and investor risk aversion.
- However, some analysts believe that in the long-term, Bitcoin could serve as an alternative reserve asset if countries seek alternatives to the U.S. dollar.
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Financemagnates
1w
84
Image Credit: Financemagnates
Zodia and Finery Markets Join Forces as OTC Crypto Markets Eye 60% Boom
- Zodia Markets and Finery Markets have partnered to enhance institutional access to digital asset and fiat liquidity.
- The collaboration integrates Zodia, a digital asset broker backed by Standard Chartered Bank, with Finery Markets' non-custodial crypto Electronic Communication Network (ECN) and Software-as-a-Service trading solutions.
- Zodia Markets will offer its Forex pairs with same-day settlement capabilities through Finery's platform, aiming to eliminate barriers to institutional adoption of digital assets.
- Finery Markets, with over 150 digital asset clients across 35 countries, has experienced triple-digit growth in OTC trading volumes, indicating increasing institutional interest in digital asset trading.
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Coindoo
1w
233
Image Credit: Coindoo
Bitcoin Signals Potential Trend Reversal Amid Market Pullback
- Bitcoin is showing early signs of a rebound after a market pullback induced by tariff announcements.
- Bitcoin is flashing a weekly TD Sequential buy signal, suggesting a potential trend reversal and buying opportunity.
- Bitcoin is trading within a potential reversal zone as long as it stays above the 38.2% Fibonacci retracement level.
- Despite the recent pullback, the decline in Bitcoin's price is within historical norms and the market may be due for a potential reversal.
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Coindoo
1w
93
Image Credit: Coindoo
Melania Trump’s Memecoin Team Moves $30 Million Worth of MELANIA Tokens and Started Selling Them
- Approximately $30 million worth of MELANIA tokens were moved out of the project's community funds and sold.
- $3 million worth of tokens were moved to exchanges and new positions of $6 million each were opened.
- Approximately $500,000 worth of MELANIA tokens were sold.
- The lack of transparency surrounding these actions and the concentration of token supply in team wallets have raised concerns about the token's future and project management.
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Cryptopotato
1w
271
Image Credit: Cryptopotato
XRP Dumps 10% Despite Ripple’s $1.25B Prime Brokerage Acquisition
- Ripple announced the $1.25 billion acquisition of Hidden Road, becoming the first crypto company to own and operate a global, multi-asset prime broker.
- Hidden Road will use XRPL for clearing trades and Ripple's stablecoin RLUSD as collateral across its prime brokerage services.
- Ripple CEO Brad Garlinghouse sees the deal as an opportunity for crypto to access the largest traditional markets and for XRP and XRPL to showcase their capabilities.
- Despite the acquisition news, XRP price dropped by 10% due to a wider crypto market slump amid economic concerns and trade war fears.
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Financemagnates
1w
152
Image Credit: Financemagnates
Is This the End of Crypto Regulation as We Know It? SEC's Shift Explained
- The SEC's new leadership, under Acting Chair Mark Uyeda, has halted new enforcement actions against crypto firms, except in cases involving fraud.
- This represents a shift from the aggressive regulatory approach of former Chair Gary Gensler.
- Crypto cases involving major players like Coinbase, Kraken, and Ripple are reportedly under review and may be dropped or settled.
- The new SEC leadership is also expected to provide clearer crypto asset classification, bringing more clarity and potentially sparking innovation and investment in the industry.
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Coindoo
1w
330
Image Credit: Coindoo
Ukraine Outlines Taxation Framework for Virtual Assets with 18% Personal Income Tax
- Ukraine has proposed a taxation framework for virtual assets, including a personal income tax rate of 18%.
- The framework considers various transaction types and draws inspiration from international tax practices.
- Countries like Austria, France, Singapore, Malaysia, and Georgia exempt crypto-to-crypto transactions from taxes.
- The proposal clarifies taxation for specific operations such as mining, staking, hard forks, and airdrops.
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Coinjournal
1w
178
Macro uncertainty fuels crypto optimism: Could CartelFi be the next big investment opportunity?
- CartelFi is positioning itself as a fresh and promising player in the evolving crypto landscape.
- The project offers a unique way to earn passive income while participating in the potential of meme assets.
- CartelFi combines yield farming and meme coin momentum, making it an attractive investment opportunity.
- The project aims to deliver 300% returns for early backers and has already raised over $200,000.
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