Day: April 8, 2025

Wall Street is suffering a stinky meltdown while Fartcoin is up 30%

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While crypto and stock markets are deep in the red this week, one memecoin is defying the trend and surging at the time of writing.  Fartcoin (FARTCOIN) has surged a whopping 30% over the past 24 hours, topping $0.60 on April 8, according to CoinGecko.  On April 7, the Solana-based memecoin hit a low of $0.42 amid the broader crypto market slump, which saw Bitcoin (BTC) prices fall below $75,000 to a five-month low.  However, since then the token has gained more than 40% and is one of the crypto…

Mike Novogratz’s Galaxy Digital gets SEC nod for Nasdaq listing

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Artificial intelligence and crypto investment firm Galaxy Digital has been given the nod from the US Securities and Exchange Commission to list on the Nasdaq stock exchange.  The company, which is listed on the Toronto Stock Exchange (TSX), plans to relocate its home base from the Cayman Islands to Delaware, according to an April 7 statement from Galaxy, pending shareholder and TSX approval.  “Our registration statement is now effective with the SEC. We’re on track to list on the Nasdaq shortly after our shareholder vote on May 9, contingent on…

XRP Price Recovery Fades—$2 Remains A Tough Nut to Crack

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

$2T fake tariff news pump shows ‘market is ready to ape’

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Recent fake news that US President Donald Trump was considering a 90-day pause in tariffs shows the potential for a strong market rebound should a real one take place, according to observers.  A fake news post on X on April 7 from the verified “Walter Bloomberg” account claimed that the White House was considering a 90-day pause on tariffs following an interview with Kevin Hassett, one of Donald Trump’s economic advisers.  “Hassett: Trump is considering a 90-day pause in tariffs for all countries except China,” read the now-deleted post from…

Aussie regulator to shut 95 ‘hydra’ firms linked to crypto, romance scams

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Australia’s corporate watchdog has been given the nod to shut down 95 “hydra” companies that it suspects engaged in crypto investment and romance scams, known as “pig butchering.” The Australian Securities and Investments Commission’s application to wind up the companies was approved by the Federal Court of Australia on just and equitable grounds after ASIC found that most of the companies had been incorporated with false information. Many of these companies were set up purporting to provide “genuine services” but were instead believed to be scamming their victims, ASIC Deputy…

First-ever leveraged XRP ETF set to debut in the US

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Key Takeaways Teucrium is launching the first leveraged ETF linked to XRP in the US, trading under the ticker XXRP. The ETF aims to deliver twice the daily return of XRP and has a 1.85% expense ratio. Share this article Teucrium Investment Advisors is set to launch the first-ever leveraged exchange-traded fund linked to XRP, the fourth-largest crypto asset by market cap, Bloomberg reported Monday. The fund, called the Teucrium 2x Long Daily XRP ETF, will trade on NYSE Arca under the ticker XXRP. The exchange has certified its approval…

Bitcoin Price Recovery In Play—But Major Hurdles Loom Large

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a fresh decline below the $80,000 zone. BTC is now correcting losses and might face resistance near the $80,500 zone. Bitcoin started a fresh decline below…

SEC crypto trading roundtable to include crypto giants Uniswap, Coinbase

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The US Securities and Exchange Commission has released the list of executives from US crypto and finance giants that will take part in a roundtable discussion on crypto trading regulation. On April 7, the regulator said its upcoming April 11 roundtable will discuss how it should handle crypto trading rules, calling it “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading.” It will be the second in a series of discussions on crypto, headed by its recently-formed Crypto Task Force. Taking part are Uniswap Labs chief legal…

Spanish police arrest six over $20M AI-powered investment scam

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Authorities in Spain have arrested six people who helped operate a global AI-powered investment scam that stole over $20 million from at least 208 victims.  The scammers would swindle victims up to three times. After stealing an initial sum through the investment scam, the fraudsters contacted victims twice more, masquerading as investment managers and then as authorities, offering to recover the stolen funds for a fee, Spanish police said in an April 7 statement.  The scammers used deepfake ads of “national personalities” promising high returns on crypto investments, and would…

Trump-backed World Liberty Financial proposes stablecoin airdrop to WLFI holders to test system functionality

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Key Takeaways World Liberty Financial plans to distribute USD1 tokens via an airdrop to WLFI holders as a trial. The test aims to verify the company’s onchain airdrop infrastructure and reward early adopters. Share this article World Liberty Financial (WLFI), the DeFi project backed by Trump and his sons, has issued a proposal to conduct a small-scale airdrop of its USD1 stablecoin to all current holders of WLFI tokens to test the airdrop system in a live environment. The test is also aimed at introducing the stablecoin to early WLFI…