The algorithmic stablecoin sUSD, a cornerstone of the Synthetix ecosystem, has spiraled into its deepest depeg in years, tumbling below $0.7 amid mounting concerns over its collateral mechanism and liquidity crunch. This latest drop marks a stark deterioration from its already fragile state earlier this month, when it wobbled near $0.83. A System Under Stress…
XRP rallied 2% in the past week, and nearly 1% on the day, bucking the typical trend of correction in the crypto market. The second-largest altcoin by market capitalization ranks among the top 10 gainers, according to Grayscale data. XRP (XRP) is the third-largest cryptocurrency by market capitalization and is the only altcoin with positive…
Key Takeaways Chinese local governments are selling seized crypto assets to support public finances amid an economic slowdown. An estimated 15,000 Bitcoin worth $1.4 billion were held by Chinese local governments by the end of last year. Share this article China’s authorities are tapping private firms to sell crypto assets seized from illegal activities to…
Donald Trump has lit a fire under Congress with a bold call to ban insider trading among its members. The proposal has lawmakers squirming as U.S.-based bipartisan insider trading is as old as American pie. Just ask Nancy Pelosi and her infamous stock tracker, or on the other side of the aisle Marjorie Taylor Greene…
Donald Trump has hit back at Federal Reserve Chair Jerome Powell after he criticized trade tariffs and warned of dire economic consequences. Trump responded aggressively on social media, calling Powell “Too Late Jerome” and suggesting he might be fired, challenging the Fed’s independence. “I’m not happy with him… If I want him out, he’ll be…
Privacy-focused exchange eXch will shut down operations on May 1 following rising allegations that it was used to launder funds stolen in the $1.5 billion Bybit hack. In an Apr. 17 notice on the Bitcoin Forum, eXch’s team said the project had become the target of a “transatlantic operation” aiming to shut it down and…
Key Takeaways Eliza Labs launches auto.fun, a no-code platform for creating and monetizing AI agents. Auto.fun uses a bonding curve token mechanism for a fairer token launch and distribution. Share this article Eliza Labs is launching auto.fun, a no-code platform that enables users to create, deploy, and monetize autonomous AI agents that operate across social…
The Indian Supreme Court dismissed a petition filed by 54 affected users of the 2024 WazirX hack on 16 April 2025. The victims, who lost their funds in the major ₹2,000 crore ($234 million) cyberattack, were hoping for urgent relief in the matter. However, the apex judicial body cited the absence of a clear regulatory…
The year kicked off with high hopes following the election of a crypto-friendly US president, raising hopes for regulatory easing. Bitcoin hit a record $109,300 in the first quarter of the year. However, macroeconomic pressures soon took center stage. The crypto asset has retreated to around $85,000. Now, CME Bitcoin futures positions hint at a…
Venture capital firm a16z Crypto has acquired an additional $55 million worth of LayerZero’s native token, ZRO, according to an announcement on X. The newly purchased tokens will be subject to a three-year lockup period, demonstrating the firm’s long-term commitment to the project. The move builds on a16z’s previous backing of LayerZero, having led both…
