Day: April 3, 2025

EigenLayer to begin ‘slashing’ restakers in April

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EigenLayer plans to start “slashing” restakers on April 17, resulting in the Ethereum restaking protocol’s “first feature-complete iteration,” it said in an April 2 announcement.  Implementing slashing will mark EigenLayer’s final step toward establishing the protocol as “infrastructure for a new generation of verifiable apps and services built on the Verifiable Cloud,” it said in a post on the X platform. In 2024, EigenLayer started distributing rewards — including emissions of its native EIGEN token — to incentivize restakers. However, slashing has so far been limited to EigenLayer’s testnets. Once slashing…

Gemini to open Miami office after judge stays SEC case

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The cryptocurrency exchange Gemini, backed by Cameron and Tyler Winklevoss, plans to move into a Miami-area office space, as US Securities and Exchange Commission (SEC) enforcement case may have reached its end. According to a March 31 post from Sterling Bay Properties, Gemini signed a lease for an office in Miami’s Wynwood Art District. The move would expand the exchange’s offices from Europe and New York to Florida, where some crypto companies are headquartered. Bloomberg reported Gemini was expected to move into the Miami office by May. Cointelegraph reached out…

XRP holds $2 support as chart pattern hints at 73% gain

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XRP (XRP) stabilized near its $2 support after today’s marketwide sell-off sent the altcoin and several other cryptocurrencies close to their swing lows. Data now shows the XRP/USD pair exhibiting early signs of a bullish breakout.  Ripple’s RLUSD integration could boost XRP price Ripple’s integration of its RLUSD stablecoin into its cross-border payments system, Ripple Payments, could significantly boost XRP’s price by enhancing its utility and liquidity.  On April 2, Ripple, the company behind XRP, announced that it had integrated its stablecoin into the company’s cross-border payments system to boost…

A beginner’s guide to cashing out

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Key takeaways Not all tokens can be sold immediately. Airdropped or obscure tokens may lack liquidity or could be scams, so it’s important to check before attempting to cash out. Swapping and bridging may be required. To sell, you might need to convert tokens to ETH or stablecoins and bridge them to the Ethereum mainnet. MetaMask integrates fiat off-ramps. You can use the MetaMask Portfolio to sell ETH directly, but be prepared for KYC with third-party providers. Non-KYC and P2P options exist. Platforms like Bisq or LocalCoinSwap allow trading without…

BlackRock and SEC explore next phase of crypto ETFs in closed-door task force meeting

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Key Takeaways BlackRock met with the SEC’s Crypto Task Force to discuss ETF workflows and in-kind redemption structures. The firm used the April 1 meeting to deepen discussions on in-kind redemptions, potentially paving the way for SEC approval of its January ETF filing. Share this article BlackRock and the US Securities and Exchange Commission met this week to discuss potential changes to crypto exchange-traded product workflows, including transitioning to in-kind redemptions for digital asset funds. The closed-door meeting, held on Monday, April 1, with the SEC’s newly formed Crypto Task…

10-year Treasury yield falls to 4% as DXY softens — Is it time to buy the Bitcoin price dip?

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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. US 10-year Treasury yield (left) vs. Bitcoin/USD (right). Source: TradingView / Cointelegraph At first glance, a higher risk of economic recession may seem negative for Bitcoin (BTC). However, lower returns from fixed-income investments encourage…

Ethereum whales accumulate 130,000 ETH amid price drop

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Key Takeaways Ethereum whales accumulated over 130,000 ETH amid a price drop below $1,800. Despite macroeconomic uncertainties, Ethereum’s network metrics show growth, with an increase in new addresses and decreased gas fees. Share this article Ethereum whales accumulated more than 130,000 ETH on Wednesday as the second-largest digital asset fell below $1,800, its lowest level since November 2024, according to IntoTheBlock’s report. Ethereum whales are buying the dip, with the largest $ETH wallets adding over 130k ETH to their wallets yesterday pic.twitter.com/hLbDhO3Z6n — IntoTheBlock (@intotheblock) April 3, 2025 Ethereum is…

Cango sells legacy China business, goes all-in on Bitcoin mining: Report

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Cango, a publicly traded Chinese conglomerate, has agreed to sell its legacy China operations to an entity associated with peer Bitmain in a bid to go all-in on Bitcoin (BTC) mining, according to a report by The Miner Mag.  Cango agreed to sell its legacy Chinese auto financing business to Ursalpha Digital Limited in a $352 million deal, according to the report.  Additionally, Bitmain is reportedly transferring 32 exahashes per second (EH/s) to Cango. The deal effectively brings Bitmain’s mining assets to the public market, The Miner Mag said. Exahashes…

SEC acknowledges Fidelity’s Solana ETF filing as SOL sinks 12% on Trump tariff shock

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Key Takeaways The SEC acknowledged Fidelity’s application for a spot Solana ETF to trade on Cboe BZX Exchange. SOL dropped 12% amid broader market turmoil sparked by Trump’s global tariff announcement. Share this article The US Securities and Exchange Commission acknowledged Fidelity’s application for a spot Solana ETF today, which would trade on Cboe BZX Exchange. SOL dropped 12% in the past 24 hours amid broader market declines triggered by President Donald Trump’s announcement of new global tariffs. The proposed Fidelity Solana Fund plans to hold physical SOL tokens and…

Pre-seed crypto startup deals have grown 767% since 2021: Report

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The number of pre-seed funding rounds for Bitcoin (BTC) startup companies has grown by 767% since 2021, according to a report from venture capital firm Trammell Venture Partners (TVP). Bitcoin pre-seed transactions increased 50% year-over-year in 2024, with a 27.5% year-over-year increase in the number of startup companies funded. Christopher Calicott, TVP’s managing director, attributed the increased deals to the robust security of the BTC network: “Many entrepreneurs across crypto are revisiting the Bitcoin stack as the long-term place to build their companies. It makes perfect sense: The objectively most…