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Shanghai-based Cango has signed definitive agreements to sell its China operations for $351.94 million in cash, marking a strategic shift towards cryptocurrency mining. Ursalpha Digital Limited, a British Virgin Islands-registered entity, will acquire Cango's PRC business.
BlackRock met with the SEC Crypto Task Force to discuss in-kind redemptions for crypto ETFs, signaling possible future approval The post BlackRock and SEC explore next phase of crypto ETFs in closed-door task force meeting appeared first on Crypto Briefing.
On April 3, yields on long-term US government debt fell to their lowest levels in six months as investors reacted to growing concerns over the global trade war and the weakening of the US dollar. The yield on the 10-year Treasury note briefly touched 4.0%, down from 4.4% a week earlier, signaling strong demand from buyers.
XRP is trading at $2.05 with a market capitalization of $119 billion, the lowest since March 10, 2025, and December 30, 2024. The 24-hour trading volume stands at $6.51 billion, within an intraday range of $1.97 to $2.19, marking XRP 40.2% below its all-time high.
The SEC is facing mounting pressure to disclose all communications with Trump's family regarding regulatory treatment of their crypto venture.
On today's show, major cryptocurrencies and crypto-focused stocks were under pressure after President Trump's big tariffs reveal jolted the stock market. Plus, the House Financial Services Committee voted in favor the STABLE Act, a bill aimed at creating a regulatory framework for stablecoins.
Johnny Jiezhuang Wu, chairman of the Hong Kong Legislative Council Web3 and Digital Assets subcommittee, has announced that legislators are investigating allegations against stablecoin issuer First Digital Trust. In a post on X, Wu said regulators and lawmakers will take action on the issue.
Using blockchain technology to support real-world infrastructure, DePIN creates tangible value and generates real revenue, says Fluence Network's Tom Trowbridge.
The digital ruble is still expected to be rolled out massively by year-end. Nonetheless, the Central Bank of Russia has reiterated that it will only start the implementation phase once it has worked out all the possible nuances during the current pilot.
Brazil's largest bank, Itaú Unibanco, is considering launching its own stablecoin, making it the latest major traditional financial institution to announce similar plans. The bank's decision will depend on how Brazil's regulatory framework evolves and how similar initiatives by major international institutions perform, local media reported.
The National Investment Agency under the President of Kyrgyzstan has signed a Memorandum of Understanding with Changpeng Zhao. Zhao, the founder of Binance, signed the memorandum aimed at advancing the country's cryptocurrency and blockchain ecosystem.
Genius Group, a Singapore-based education and technology company, must sell its Bitcoin holdings following a US court order. The decision is part of its legal dispute that has blocked the company from raising funds, issuing shares, or making further Bitcoin purchases.
A former employee of Rippling has alleged he accepted $5,000 in ETH per month to spy on his employer on behalf of its competitor, Deel.
VanEck filed for a BNB ETF in the U.S. which could increase exposure to the token and its products.
Cardano has made a name for itself as one of the most trusted and sustainable blockchain platforms, using its proof-of-stake consensus and focus on real-world utility to foster innovation across industries. With projects in education, healthcare, and even governance, it's no wonder that Cardano remains a key player in the cryptocurrency landscape.
XRP is under pressure, down nearly 6% in the past 24 hours and teetering just above the $2 mark as bearish momentum builds. A $1.02 billion unlock from Ripple's escrow has sparked fresh concerns about oversupply, with tokens moved to operational wallets possibly poised for distribution.
Technical indicators alongside macro-economic factors are prompting analysts to predict further downward momentum for the SPDR S&P 500 ETF Trust (NYSE:SPY) and Bitcoin (CRYPTO: BTC). What Happened: In a podcast on Thursday, prominen analyst Benjamin Cowen warned that the S&P 500's decline could extend into April, resembling past market downturns that have had ripple effects across both equities and crypto.
The crypto exchange founded by billionaire twins Cameron and Tyler Winklevoss may soon witness the end of its legal dispute with the U.S. Securities and Exchange Commission (SEC) over its now-defunct cryptocurrency asset lending program.
Binance founder Changpeng Zhao (CZ) has inked a deal with Kyrgyzstan's National Investment Agency to trigger Web 3 adoption metrics. Both parties have reiterated a commitment to integrate Web 3 technologies into every facet of the local economy leaning on CZ's expertise.
Bitcoin whales resumed accumulation for the first time since August 2024, signaling confidence at current price levels, according to Glassnode data. CoinDesk's Christine Lee hosts "Chart of the Day.
Crypto markets dropped sharply following Trump's announcement of tariffs on over 100 countries, with BTC plunging from $88K to $83K and ETH down 6%. Exchange inflows and falling open interest point to widespread profit-taking and bearish positioning, according to CryptoQuant. The post Trump Sell-off: Bearish Conditions Persist After Tariff Announcement: CryptoQuant appeared first on Cryptonews.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Cardano (ADA -7.72%) is plunging on Thursday. The cryptocurrency lost 8.6% as of 1:50 p.m.
Shiba Inu (SHIB -3.79%) is plunging on Thursday. The cryptocurrency lost 4% as of 1:30 p.m.
