Day: April 25, 2025

The sentiment engine of Bitcoin ETFs is rewiring market structure

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The tide of capital once destined for raw spot Bitcoin has begun to flow through institutional canals, spot exchange-traded funds (ETFs), structured products and wrapped exposure, and while the water is rising fast, the waves aren’t quite the same.  Bloomberg’s senior ETF analyst, Eric Balchunas, pointed out on X that there is a large movement in leveraged long ETFs and, at the same time, safer bets like gold and cash. Suppose one had to choose if Bitcoin (BTC) was a risk-on or risk-off asset. In that case, it may come…

DeFi must ditch hype for sustainable liquidity

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Polygon Labs CEO Marc Boiron called for a fundamental shift in how decentralized finance (DeFi) protocols manage liquidity, labeling the sector’s ongoing liquidity crisis as “self-inflicted.” In an exclusive interview, Boiron outlined Polygon’s vision for sustainable DeFi, emphasizing chain-owned liquidity and transparent economic models as the path forward. Boiron criticized DeFi protocols for fueling a cycle of “mercenary capital” by offering sky-high annual percentage yields (APYs) through token emissions. “It’s just renting liquidity; it’s not real loyalty,” he told Cointelegraph, noting that such strategies lead to fleeting liquidity that vanishes…

Sam Bankman-Fried moved to a low-security prison — so what?

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Sam “SBF” Bankman-Fried, the disgraced co-founder of collapsed cryptocurrency exchange FTX, to a low-security US federal correctional institution Bankman-Fried was moved to the low-security Terminal Island federal correctional institution. Previously, he was located at the Victorville medium-security facility, a notoriously violent place, according to prison consultant firm Elizabeth Franklin-Best. Samuel Goldfaden, a partner at the crypto-centric lawfirm, DLT Law told Cointelegraph that while his previous facility was violent, BankmanFried had been held in a safer part of the facility, adding: “Sam Bankman-Fried spent most of his detention in the more…

An Ethereum Story’ is less about crypto and more about being human

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When Zach Ingrasci and Chris Temple had the idea to make the documentary film Vitalik: An Ethereum Story, they were actually filming another documentary, and over the course of their filmmaking journey, they ended up capturing both a deeper, human look at the world of crypto and an end product that serves as a use case for the future of crypto filmmaking. When crafting a documentary, filmmakers will typically start with a vision of what they’d like to explore, a vision often saddled with a set of assumptions, only to…

Arkansas city rejects crypto mining proposal after community pushback

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The planning commission of Vilonia, Arkansas, unanimously rejected a proposal to establish a cryptocurrency mining facility within the city limits, following strong opposition from residents. According to local reports, the decision came after weeks of community pushback, where citizens voiced concerns over potential noise pollution, increased energy consumption and the overall environmental impact associated with crypto-mining operations. During public meetings, Vilonia residents expressed concern that the mining operation could disrupt the town’s quiet atmosphere and strain local infrastructure. Many pointed to examples from other regions where similar facilities led to…

North Korean hackers set up 3 shell companies to scam crypto devs

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A subgroup of the North Korea-linked hacker organization Lazarus set up three shell companies, two in the US, to deliver malware to unsuspecting users. The three sham crypto consulting firms — BlockNovas, Angeloper Agency and SoftGlide — are being used by the North Korean hacker group Contagious Interview to distribute malware through fake job interviews, Silent Push Threat Analysts said in an April 24 report. Silent Push senior threat analyst Zach Edwards said in an April 24 statement to X that two shell companies are registered as legitimate businesses in…

Saylor holding 10M BTC won’t ‘threaten the protocol,’ says author

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Key Takeaways Bitcoin Standard author Saifedean Ammous says that even if one entity owned a huge amount of Bitcoin, it wouldn’t hurt the protocol Ammous reiterated major companies like BlackRock and Strategy don’t own the Bitcoin they hold since it belongs to the investors Ammous said if these companies ever abused their position, people would likely pull their money and invest somewhere else. Michael Saylor’s Strategy hypothetically hoarding nearly 48% of Bitcoin’s total supply wouldn’t pose any risk to the Bitcoin protocol or its price, says Bitcoin Standard author Saifedean…

SEC bids to drop securities suit against Dragonchain over crypto ICO

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The US Securities and Exchange Commission is looking to drop its unregistered securities lawsuit against blockchain firm Dragonchain in the agency’s latest crypto-related backdown.  In a joint stipulation filed with Dragonchain on April 24 in a Seattle federal court, the SEC said it “believes the dismissal of this case is appropriate,” citing the work of the agency’s Crypto Task Force in helping “develop the regulatory framework for crypto assets.” “The Commission and the Defendants stipulate that this Litigation be dismissed with prejudice […] and without costs or fees to either…

Ethereum devs test a 4x increase in gas limit for Fusaka hard fork

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Ethereum core developers are considering a four times increase in the layer 1 gas limit as one of the key features for the next hard fork after Pectra, known as Fusaka. The devs are proposing to test a raise in Ethereum’s gas limit to 150 million by the Fusaka hard fork, according to Ethereum Improvement Proposal (EIP) 9678, introduced on April 23 by Sophia Gold, a developer on the protocol support team at the Ethereum Foundation.  During the last All Core Devs Execution (ACDE) meeting, there were discussions to make…

Solana (SOL) Holding Strong Above $150 — Breakout Zone In Play

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Solana started a fresh increase from the $132 support zone. SOL price is now consolidating and might climb further above the $155 resistance zone. SOL price started a fresh increase above the $135 and $150 levels against the US Dollar. The price is now trading above $150 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $150 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $155 resistance…