Bitcoin (BTC) made a sharp comeback and is trading near the $78,000 level. The largest cryptocurrency by market capitalization tumbled below the psychological support of $80,000 after the US stock futures market opened sharply lower on April 6. The selling continued on April 7, and Bitcoin hit a new year-to-date low of $74,508, but lower…
The US Office of Management and Budget (OMB) issued two directives specifying policies and deadlines for deploying AI tools that enhance public services, providing a roadmap for implementing US President Donald Trump’s executive order advance US “dominance” in the use and development of artificial intelligence. According to two memorandums from April 3, all government agencies…
Ether (ETH) price dropped to $1,410 on April 7, marking its lowest level since March 2023. This sharp decline triggered liquidations of leveraged ETH futures worth over $370 million in 2 days, according to CoinGlass data. However, the altcoin managed to recover above the $1,500 mark as the S&P 500 index reclaimed its psychological 5,000…
Bitcoin (BTC) fell below $75,000 on April 6, pressured by traditional markets as S&P 500 futures hit their lowest levels since January 2024. The initial panic also caused WTI oil futures to drop below $60 for the first time in four years. However, markets later recovered some losses, allowing Bitcoin to reclaim the $78,000 level….
Key Takeaways The Fed faces pressure to consider an emergency rate cut amid market turmoil. JPMorgan’s Bob Michele raised the flags that companies are under strain. Share this article The Federal Reserve may need to implement an emergency rate cut before its scheduled May meeting due to severe market stress, said Bob Michele, Global Head…
Here we go again: A top centralized crypto exchange (CEX) was hacked, this time likely for the largest sum in humanity’s history. We were lucky to avoid the worst — platform collapse and devastating consequences for the industry. The incident reminded us again that even the strongest market players are not invincible. CEXs’ freedom to…
Key Takeaways Changpeng Zhao has been appointed as Strategic Advisor to the Pakistan Crypto Council. Pakistan aims to become a regional powerhouse for digital finance and blockchain-driven growth. Share this article Changpeng “CZ” Zhao, co-founder of Binance, has been named Strategic Advisor to the Pakistan Crypto Council (PCC), according to a Monday report by TechJuice,…
US federal agencies are expected to disclose their cryptocurrency holdings to the Department of the Treasury by April 7, following an executive order signed by President Donald Trump earlier this year. Citing an unidentified White House official, journalist Eleanor Terrett reported that the deadline for federal agencies to report their crypto holdings to Treasury Secretary…
Key Takeaways Bitcoin and major altcoins suffered significant losses due to concerns over new US tariff policies. Crypto market capitalization decreased by over 10%, representing a $100 billion loss. Share this article Bitcoin hovered below the $77,000 level in early Monday trading as the broader crypto market downturn deepened. Losses extended across altcoins, with major…
Cryptocurrency exchange-traded products (ETPs) saw renewed outflows last week, with $240 million in investor capital pulled, according to an April 7 report from digital asset manager CoinShares. The outflows reversed two consecutive weeks of inflows that totaled $870 million, leaving total digital asset ETP holdings at about $133 billion, CoinShares reported. The new outflows likely…
