Category: News

US court fines UAE crypto firm CLS Global $428K for wash trading

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Authorities in the US state of Massachusetts continue targeting unlawful cryptocurrency market practices, with a local court fining crypto financial services firm CLS Global. A federal court in Boston on April 2 sentenced CLS Global on criminal charges related to fraudulent manipulation of crypto trading volume, according to an announcement from the Massachusetts US Attorney’s Office. In addition to a $428,059 fine, the court prohibited CLS Global from offering services in the US for a probation period of three years. CLS Global, a crypto market maker registered in the United…

Bitcoin DeFi surge may boost BTC demand and adoption — Binance

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The value locked in Bitcoin-based decentralized finance (BTCFi) has surged by more than 2,700% over the past year, potentially transforming Bitcoin from a passive store of value into a productive, yield-bearing asset, according to new research from Binance. BTCFi is a new technological paradigm that aims to bring decentralized finance capabilities to Bitcoin’s base layer. It is one of the fastest-growing crypto sectors, reaching a total value locked (TVL) of over $8.6 billion. The growing value of BTCFi, “along with potential interest rate cuts, may reinforce positive sentiment for Bitcoin…

Babylon users unstake $21M in Bitcoin following token airdrop

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More than $21 million worth of Bitcoin was unstaked from the Babylon protocol in the 24 hours after the platform’s token airdrop, according to blockchain data shared by a developer. On April 4, Bitfeed developer Mononaut shared that in the previous 24 hours, 256 Bitcoin (BTC) had been unstaked from the staking protocol. Mononaut said that the unstaking transactions paid 1.35 BTC in fees and consumed 1.318 Megavirtualbytes (MvB) of blockspace. This means the transactions generated high fees and occupied roughly a third of an entire Bitcoin block.  The activity…

AI and blockchain — A match made in heaven

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Opinion by: Merav Ozair, PhD Tech moguls cannot stop heralding the artificial intelligence revolution — from Bill Gates to Sundar Pichai to Jensen Huang — signaling that agentic AI and robotics will claim our jobs and act as our autonomous assistants performing on our behalf in our professional and personal lives. Whether these scenarios happen in a few years or are decades away, we will most likely evolve into that future in some manner, and technology, once again, will reshape our lives. Without the support of blockchain technology, however, it…

Arthur Hayes loves tariffs as printed money pain is good for Bitcoin

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BitMEX co-founder Arthur Hayes says US President Donald Trump’s tariffs may rattle the global economy in some ways, but that same disruption could be exactly what Bitcoin needs to rally. “Global imbalances will be corrected, and the pain papered over with printed money, which is good for BTC,” Hayes said in an April 3 X post. Several factors contribute to Bitcoin’s potential pump “Some of y’all are running scurred, but I LOVE TARIFFS,” Hayes said.  His comments come just a day after it was announced that the Trump administration will…

Fortnite doubles down on crypto joke with another secret ‘Dill Bits’ location

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Online battle royale shooter Fortnite has just added a new secret “Dill Bits” server mine location to its latest map update — prompting a small spike in an otherwise obscure memecoin. Videos on social media show a new “Dill Bit” server farm location in the game — made to look like a cryptocurrency mining operation. There are other locations on the map where it has appeared. Fortnite added a Bitcoin mine to the new map pic.twitter.com/z8ABokLG2b — Documenting ₿itcoin 📄 (@DocumentingBTC) April 3, 2025 Players in the game can collect…

EU could fine Elon Musk’s X $1B over illicit content, disinformation

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European Union regulators are reportedly mulling a $1 billion fine against Elon Musk’s X, taking into account revenue from his other ventures, including Tesla and SpaceX, according to The New York Times. EU regulators allege that X has violated the Digital Services Act and will use a section of the act to calculate a fine based on revenue that includes other companies Musk controls, according to an April 3 report by the newspaper, which cited four people with knowledge of the plan. Under the Digital Services Act, which came into…

Coinbase Institutional files for XRP futures trading with CFTC

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US crypto exchange Coinbase has filed with the US Commodity Futures Trading Commission (CFTC) to launch futures contracts for Ripple’s XRP token. “We’re excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify XRP futures — bringing a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets,” stated Coinbase Institutional on April 3.  The firm added that it anticipates the contract going live on April 21. According to the certification filing, the XRP (XRP) futures contract will be a monthly cash-settled and…

Altcoins are set for one last big rally, but just a few will benefit — Analyst

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Altcoins may have just one last rally this cycle, but only those with real utility and strong network activity will see price gains, according to an analyst.  “I think there will be one more breadth thrust from altcoins. The question is, is it a sustained rally that we will see for six to twelve months,” Real Vision chief crypto analyst Jamie Coutts told Real Vision co-founder Raoul Pal on an April 3 X livestream. Network activity will be the ‘north star’ for how to trade crypto “At this stage, I…

Genius Group says it’s been banned from buying more Bitcoin

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Singapore-based artificial intelligence firm Genius Group says it’s temporarily barred from expanding its Bitcoin treasury after a US court order has banned it from selling shares, raising funds and using investor funds to buy more Bitcoin. A New York District court issued the preliminary injunction (PI) and temporary restraining order (TRO) on March 13 in connection with a broader dispute surrounding its merger with Fatbrain AI, the Genius Group said in an April 3 statement. Fatbrain AI and Genius Group completed a merger and purchase agreement in March 2024, but…