US Dollar Drops — 5 Key Things to Know About Bitcoin This Week
1. Bitcoin’s weekend pump raises eyebrows Bitcoin kicked off the week with a 3% jump, hitting $87,705—its highest level in almost three weeks. Despite the move, traders aren’t fully convinced. The price spiked over the weekend when traditional markets were closed, leading many to call it a low-volume breakout. Some say a real bullish signal […]
Scammers Flood CZ’s Wallet With Fake ‘Grok’ Tokens in New Wave of Elon Musk-Inspired Crypto Frauds
Fraudsters are once again exploiting the buzz around Elon Musk’s AI chatbot Grok, launching counterfeit tokens in what appears to be a new round of phishing schemes. On April 21, a wallet associated with former Binance CEO Changpeng “CZ” Zhao was sent 90 million fake Grok (GROK) tokens, according to findings from blockchain security firm […]
Manta Network Founder Reveals Lazarus-Backed Zoom Phishing Attack Using Convincing ‘Legit Faces’
Kenny Li, co-founder of Manta Network, recently shared his experience of being targeted by a highly advanced phishing attack on Zoom. The attack involved fake live video calls with people he recognized, in an effort to convince him to download malware. Although the video feed appeared legitimate with the impersonated person’s camera on, the absence […]
Altcoins Could Gain Momentum in Q2 2025 Amid Positive Regulatory Shifts
Altcoins may be on track for a significant comeback in the second quarter of 2025, fueled by more favorable regulatory conditions, according to Swiss digital asset bank Sygnum. In its latest Q2 2025 market outlook, Sygnum noted that the regulatory environment for cryptocurrencies has improved “dramatically,” laying the groundwork for a strong rally in the […]
Synthetix’s sUSD Stablecoin Drops Further, Hits $0.68 Amid Ongoing Depeg
Synthetix USD (sUSD), the decentralized stablecoin backed by the Synthetix protocol, has sunk to fresh lows, sliding beneath $0.70 as it struggles to maintain its peg to the US dollar. Despite the decline, the team behind Synthetix emphasized that this isn’t unfamiliar territory. “Both Synthetix and sUSD have previously endured tough market conditions and volatility […]
Russian Finance Official Suggests Development of Domestic Stablecoin
A top official from Russia’s Finance Ministry has suggested that the country should consider creating its own stablecoin in response to recent sanctions that affected digital assets linked to Russian entities. According to reports from April 16 by Reuters and Russia’s TASS news agency, Osman Kabaloev, deputy director of the ministry’s financial policy department, stated […]
Binance Collaborates with Nations on Bitcoin Reserves and Crypto Frameworks, Says CEO
Richard Teng, the CEO of Binance, revealed that the exchange is actively working with several governments on developing national digital asset strategies, including the creation of Bitcoin reserves. In a recent interview with the Financial Times dated April 17, Teng shared that Binance has been approached by various sovereign wealth funds and state authorities seeking […]
AI Tokens and Memecoins Lead Crypto Trends in Q1 2025
In the first quarter of 2025, the cryptocurrency space continued to ride on familiar narratives, with few fresh themes emerging to shake up the scene. According to a recent CoinGecko report, investor attention remained heavily focused on artificial intelligence tokens and memecoins, which together accounted for a dominant 62.8% share of market interest. AI-related cryptocurrencies […]
Fed Chair Powell Reaffirms Need for Stablecoin Regulation
With digital assets steadily becoming more integrated into the financial system, U.S. Federal Reserve Chair Jerome Powell has once again voiced support for creating a clear regulatory framework for stablecoins. Speaking on April 16 during a panel at the Economic Club of Chicago, Powell addressed the ongoing development of the crypto industry. He acknowledged that, […]
Mantra Issues Statement Following OM Token Crash, But Key Details Still Missing
The decentralized finance (DeFi) protocol Mantra has issued a new statement addressing the dramatic 92% drop in the value of its OM token on April 13 — but many important questions remain unanswered. In a post dated April 16 and titled “Statement of Events: 13 April 2025,” the Mantra team reaffirmed that no tokens were […]