Author: Isabella Taylor
Cantor Fitzgerald is teaming up with crypto heavyweights Tether, Bitfinex, and SoftBank on a $3 billion Bitcoin investment vehicle. According to an Apr. 22 report by Financial Times, the group plans to form a new publicly traded firm called 21 Capital, which will receive $3 billion in Bitcoin (BTC) from the participating companies. Tether (USDT) is expected to contribute $1.5 billion, while SoftBank and Bitfinex will add $900 million and $600 million, respectively. The venture will also raise a $350 million convertible bond and a separate $200 million private equity round to purchase even more Bitcoin. The venture aims to…
For the first time in seven weeks, Bitcoin has surpassed $93,000, triggering a sentiment shift that resulted in more than $600 million in crypto market liquidations. As of press time, Bitcoin (BTC) is trading at $93,069, up 5% in the last 24 hours. Ethereum (ETH) has jumped 12% to $1,768 while Solana (SOL) is up 7% at $149. The cryptocurrency market’s overall market capitalization has increased by 4% to just over $3 trillion. According to Coinglass data, $602 million was liquidated from the cryptocurrency market in the last 24 hours, a 130% increase. Furthermore, open interest rose 14% to $121.6…
The XRP Ledger Foundation has patched a critical vulnerability within its official JavaScript SDK that could have allowed attackers to steal private keys and drain cryptocurrency wallets. On April 22, the XRP Ledger Foundation released an updated version of the XRP Ledger npm package, removing the compromised code and restoring safe functionality for developers building on the network. The xrpl npm package is the official JavaScript/TypeScript library for interacting with the XRP Ledger. Developers use it to connect to the network, manage wallets, send transactions, and build decentralized applications using XRPL functionalities. The update came just hours after blockchain security…
Spot Ethereum ETFs in the U.S. just saw their biggest daily inflows since early February, signaling a potential turnaround after weeks of bearish sentiment. According to SoSoValue data, the nine U.S.-listed Ethereum ETFs brought in $38.74 million in net inflows on April 22, breaking a 10-day streak of zero or negative flows. That’s their highest daily intake since Feb. 4, when they saw a huge $307.77 million pour in. This comes after eight straight weeks of outflows that totaled nearly $910 million. Most of the fresh capital went into Fidelity’s FETH, which pulled in $32.65 million. Bitwise’s ETHW also got…
Ethena Labs and Securitize are joining forces to launch Converge, a new blockchain for decentralized finance and tokenized assets. Converge will be Ethereum Virtual Machine-compatible and serve both retail and institutional DeFi. ENA price rose 5% to change hands above $0.38 following the announcement Ethena Labs and Securitize are teaming up on a venture that will see the crypto projects unveil Converge, a new blockchain built for tokenized assets and decentralized finance. Announced on Mar. 17, Converge will be a custom-built, Ethereum-compatible blockchain. The developers envision a platform that will cater to both everyday investors and deep-pocketed institutional players. Per…
Beyond currency: the expanding universe of digital assets Regulatory frameworks: clarity in an evolving landscape Technological foundations: infrastructure for the next generation In the rapidly evolving landscape of digital finance, cryptocurrencies and blockchain-based assets represent just the beginning of a profound transformation in how we conceptualize, create, and exchange value. As we look toward the horizon, the digital asset ecosystem is poised for revolutionary developments that will reshape financial systems, governance structures, and even our understanding of ownership. This article explores the multifaceted future of digital assets, examining emerging trends, technological innovations, and regulatory frameworks that will guide their evolution…
Dojima Foundation is partnering with Linera to introduce the Builder Marketplace. It will enable high-speed decentralized applications across major Layer 1 (L1) and Layer 2 (L2) blockchains. It is a new platform that enables developers to create and scale Web3 applications with Web2-like speed. The Dojima Foundation, behind the Omnichain Web, has partnered with Linera, a Layer 1 blockchain optimizing real-time applications, to introduce the Builder Marketplace. It is a new platform that enables developers to create and scale Web3 applications with Web2-like speed across multiple networks. It will help Dojima support high-speed decentralized applications across major Layer 1…
Largest crypto bug bounty to date, surpassing Uniswap’s $15.5 million. Usual has undergone 20 security audits, all finding no major flaws. Other protocols lag behind, with max bounties at $2 million so far. Stablecoin protocol Usual has unveiled a record-setting $16 million bug bounty programme in partnership with blockchain security firm Sherlock. The initiative, now the largest in the crypto sector, targets critical codebase flaws that could lead to the loss or freezing of funds. Hosted on Sherlock’s platform, the bounty will only award findings that highlight confirmed and long-term security risks, with an emphasis on realistic exploit scenarios. The…