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The First Digital US dollar-pegged stablecoin (FDUSD) depegged on April 2 following claims of insolvency from Tron network founder Justin Sun, who said that the issuer of the tokenized fiat equivalent, First Digital, is insolvent.First Digital responded to the claims by assuring users they are completely solvent and said that FDUSD is still fully backed and redeemable with the US dollar on a 1:1 basis. The firm also said that the ongoing dispute is with TrueUSD (TUSD), another stablecoin.

In a surprising turn of events, Justin Sun, a prominent figure within the Tron (TRX) ecosystem, has revealed that First Digital Trust (FDT), a tech-driven financial institution based in Hong Kong, is effectively insolvent and unable to cover its obligations.

The XRP price was trading above a crucial support level on Wednesday after Kraken added its stablecoin. Ripple (XRP) was trading at $2.10, down over 37% from its highest level this year.

Cryptocurrency markets seem to be aligning with traditional tech stocks, influenced by macroeconomic factors such as tariff announcements. This trend is expected to continue until a shift in market dynamics occurs, says one analyst. The post Crypto Prices to Mirror Tech Stocks Amid Tariff News Until Market Dynamics Shift, Says Analyst appeared first on Cryptonews.

Bitcoin (BTC) bulls have pushed the price above the $87,000 level even as US trade tariffs are slated to kick in on April 2. Bitcoin may remain volatile in the near term, but analysts remain bullish for the long term.According to Fidelity analyst Zack Wainwright, Bitcoin is currently in an acceleration phase, which “can conclude with a sharp, dramatic rally” if history repeats itself.

Fidelity Investments has launched an individual retirement account (IRA) that lets individuals to invest in cryptocurrencies under its web3-focused subsidiary Fidelity Digital Assets.

Ripple has integrated its USD-backed stablecoin, RLUSD, into its flagship payments platform, Ripple Payments. Ripple (XRP) is doing this to improve cross-border payment efficiency and expand RLUSD's (RLUSD) utility among financial institutions, according to a note shared with crypto.news.

The $1.5 trillion asset manager Franklin Templeton plans to launch a Bitcoin ETP in Europe. BlackRock and 21Shares have launched crypto ETPs in Europe, showing rising demand for regulated digital asset investments.

GameStop raises $1.48B to purchase Bitcoin, surpassing initial expectations. The company plans to use its $4.77B cash reserves to acquire Bitcoin and stablecoins.

Fidelity Investments has introduced a new crypto-focused retirement account, giving individual investors the opportunity to hold digital assets directly in tax-advantaged retirement portfolios. The offering includes access to Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Litecoin (CRYPTO: LTC), and is available to U.S. residents aged 18 and older.

TL;DR VanEck launched an ETN linked to Celestia, allowing investment in the TIA token without directly managing digital assets. TIA uses a modular model that separates consensus and data, making it easier to create customized blockchains. The product, domiciled in Liechtenstein, has a NAV of $8.28 and manages $27.75 million in assets with a 1.

Ethereum continues to face strong headwinds as it trades below the $1,900 mark, with bullish momentum fading and market sentiment growing increasingly fearful. After a brief attempt to stabilize, ETH has resumed its downward trajectory, now down over 35% since late February.

The Uniswap DAO has decided to move forward with its treasury delegation program, which could allocate up to 18 million UNI tokens — valued at around $113.4 million — to chosen delegates.

Tariff fears triggered a potential sell-off of $161 million in spot BTC and ETH ETFs.

After a five-year absence, CoinList is making a U.S. comeback and hosting its first token sale for DoubleZero Foundation.

Coincodex's machine learning algorithm predicted that the Dogecoin price could surge 229.55% to $0.57. The algorithm also revealed when the foremost meme coin could reach this price target.

This week marks the anniversary of two serendipitous Bitcoin posts from celebrities on opposite ends of the cultural spectrum: Neil deGrasse Tyson and Paris Hilton.

If you've ever wondered when is the right time to invest in Bitcoin (BTC), you won't want to miss our latest interview with Matt Hougan. As the chief investment officer at Bitwise, Hougan provides an in-depth analysis, explaining why, from a risk-adjusted perspective, there has never been a more opportune time to buy Bitcoin.In our discussion, Hougan lays out a compelling argument: Bitcoin's early days were filled with uncertainty — technology risks, regulatory threats, trading inefficiencies, and reputational concerns.

The stablecoin deviated from its price peg as Tron founder Justin Sun claimed that First Digital Trust is "effectively insolvent," a characterization the company pushed back on.

Solana has fallen by 2% in the past 24 hours, but its inclusion in a new Grayscale ETF filing could send it parabolic in the coming months. The post Solana Included in Grayscale's New ETF Bid — Is Wall Street Finally Warming Up? appeared first on Cryptonews.

Coinbase CEO Brian Armstrong says the US economy would benefit if Congress adopts stablecoin legislation that allows users to earn on-chain interest.

FAT Brands, an iconic restaurant chain listed on the Nasdaq, has added cryptocurrency to its accepted payment methods.

Asset manager VanEck has filed in Delaware to launch the first BNB ETF in the U.S., marking a pivotal step in integrating Binance Coin into traditional portfolios and expanding regulated crypto exposure. The post Fund Manager VanEck Moves to Launch First U.S.-Based BNB ETF appeared first on Cryptonews.

Bitfarms, a global computer infrastructure company known for its Bitcoin mining operations, has entered into a $300 million loan agreement with Macquarie Group to finance the development of its high-performance computing (HPC) data centers.According to an April 2 announcement, Macquarie's private debt facility will provide $50 million in initial funding for Bitfarms' Panther Creek data center project in Pennsylvania. The remaining $250 million will be released once Bitfarms achieves “specific development milestones at its Panther Creek location,” the announcement said.