Day: April 19, 2025

$400M Web3 investment fund ABCDE halts new investments, fundraising

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Web3 and blockchain-focused investment fund ABCDE is halting new investments, but the $400 million fund remains committed to supporting its existing projects. In an April 19 X post, ABCDE co-founder and Huobi exchange founder Du Jun said the $400 million fund will no longer invest in new projects or raise capital for the second phase of the fund. However, Jun said the fund will continue to “post-investment support and exit arrangements of existing projects” to ensure the firm’s commitment to entrepreneurs and liquidity providers (LPs). “My personal work focus will…

XRP Consolidation About To Reach A Bottom, Wave 5 Says $5.85 Is Coming

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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. XRP is still in consolidation mode after hitting a new seven-year high in January 2025. This consolidation has seen the price drop slowly, but steadily, losing around 40% of…

Base creator Jesse Pollak admits ‘Base is for pimping’ art was a mistake

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The creator of Ethereum layer 2 blockchain Base, Jesse Pollak, has apologized following backlash over posting digital artwork that controversially played on Base’s tagline, “Base is for everyone.” Several social media users found the artwork offensive and inappropriate. “It was a single phrase among many, but I’ll own this was a mistake and apologize,” Pollak said in an April 18 X post referring to his decision to reshare a GIF image that featured the phrase “Base is for…” followed by a rotating sequence of words, including both controversial terms like…

Trump firing Powell would be a ‘very bad precedent to set’ — Pompliano

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Crypto entrepreneur Anthony Pompliano says that US President Donald Trump shouldn’t follow through on his recent threat to fire the head of the US Federal Reserve, saying it would set a dangerous precedent — especially considering the true motive behind it. “I do not believe that the President of the United States should come in and unilaterally fire the Fed President,” Pompliano said in a video posted on X on April 18. Firing over disagreement is a slippery slope, says Pompliano Pompliano said, “Where you have a disagreement and then…

Despite an 18% Drop, XRP’s Exchange Supply Hits Lows—Bullish Setup Ahead?

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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. XRP has been trading under pressure in recent weeks, losing much of the momentum it built during its late 2024 to early 2025 rally. After reaching highs above $3.40,…

Lyn Alden lowers Bitcoin forecast after ‘tariff kerfuffle,’ eyes liquidity

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Macroeconomist Lyn Alden expects Bitcoin to finish 2025 higher than its current price of around $85,000, though she says it would have been much higher if not for US President Donald Trump’s tariff announcement in February. “Before all this tariff kerfuffle, I would have had a higher price target,” Alden told Natalie Brunell on the April 17 episode of Coin Stories. “My guess is that we end up higher at the end of the year than we are now, at least,” she added. Bitcoin’s 24/7 trading bolsters volatility when TradFi…