#DLNEWS News

BlackRock’s Bitcoin fund nears $18bn in assets despite investors’ ‘wavering’ appetite for ETFs

dlnews.com BlackRock’s spot Bitcoin exchange-traded fund has raked in almost $18 billion in assets since it launched on January 11. That puts the fund among the top 3% ETFs ever…

Arthur Hayes sells $9.6m of GMX as newer protocols eat market share with point systems

dlnews.com Arthur Hayes, previously the largest staker on GMX, a decentralised perpetual exchange, unstaked the entirety of his 237,000 GMX last night and sent the sum to Wintermute,…

Users deposit $2bn in Zircuit, earning airdrop points from up to four protocols in the process

dlnews.com Users deposited over $80 million into Zircuit in the last 24 hours, bringing the total value of crypto assets deposited with the protocol to over $2 billion. This comes as…

Mining revenue soared 200% in wake of ‘abnormal’ Bitcoin memecoin trading frenzy. But will it last?

dlnews.com The Bitcoin halving occurred in the early hours of Saturday, London time. The event slashed in half the amount of Bitcoin awarded to miners for maintaining the blockchain.…

Polygon, Stellar have ‘piqued the interest’ of institutions looking for tokenisation, Moody’s Ratings says

dlnews.com With institutional interest in crypto on the rise, tokenisation has become one of the hottest sectors in crypto. Ethereum’s faithful celebrated when asset manager BlackRock…

Central banks gun for stablecoins with tokenisation push

dlnews.com A version of this story appeared in our The Guidance newsletter on April 8. Sign up here. GM, Joanna here. Central banks worry about the increasingly crowded stablecoin…

Here’s why this hedge fund is using macroeconomic analysis to invest in crypto

dlnews.com Understanding macroeconomics is becoming increasingly important to investing in digital assets. If the Federal Reserve, for instance, rolls back its commitment to decrease…

Bitcoin halving optimism builds as traders pile $540m into bullish bets

dlnews.com Options traders have bet about $540 million that Bitcoin will rally by June. The trades — tracker basedmoney compiled bullish and bearish bets via options that expire on…

Binance decries ‘outrageous’ decision to send exec Tigran Gambaryan to prison in Nigeria

dlnews.com It took six weeks, but Tigran Gambaryan finally got to proclaim his innocence in a Nigerian courtoom. Gambaryan, a senior US Binance executive, pleaded not guilty Monday to…

Hong Kong police freeze assets linked to crypto exchange JPEX amid $403m fraud wave

dlnews.com After months of hibernation, the JPEX case in Hong Kong has come back to life. On April 18, Hong Kong police officials said they froze assets worth more than US$29 million…

Hong Kong’s Bitcoin and Ether ETF Approval to Challenge China’s Crypto Restrictions

coinspeaker.com Coinspeaker Hong Kong’s Bitcoin and Ether ETF Approval to Challenge China’s Crypto Restrictions The recent approvals of spot Bitcoin (BTC) and Ethereum (ETH) ETFs in Hong…

NFT sales decline fourth consecutive week amid surging crypto trading volumes

dlnews.com NFT sales decline amid soaring crypto trading volumes NFT sales volume marked another week-on-week decline on Friday with an almost 14% drop, Bitcoin.com reported. The…

Bankman-Fried agrees to help in lawsuit targeting FTX celebrity endorsers

dlnews.com Bankman-Fried agrees to help in celebrity lawsuit Jailed former FTX chief Sam Bankman-Fried has agreed to settle with investors who will drop their civil liability claims…

An embargo is an agreement, not a crypto PR hype tactic

dlnews.com One of the least understood aspects of journalism is the news embargo. Not all journalists know how it works. Most readers are probably unaware that it exists. Embargoes…

Google sues Chinese app developers, claims thousands duped in pig-butchering scam

dlnews.com Google is suing a pair of Chinese software developers for allegedly creating fake crypto applications downloaded by more than 100,000 people. The apps included bogus crypto…

Amid halving, who are big Bitcoin winners in unrealised profits?

dlnews.com Who are Bitcoin winners in unrealised profits? The founder of the crypto analytics platform CryptoQuant, Ki Young Ju, posted data on X of unrealised Bitcoin profits held by…

The Bitcoin halving just happened

dlnews.com It finally happened. The Bitcoin halving, one of the most anticipated events in the crypto industry, occurred in the first hours of Saturday, London time. From now on, the…

Uniswap hits $2tn in total volume. Here’s why the exchange may get even stronger

dlnews.com Uniswap, a decentralised exchange, reached $2 trillion in total cumulative trading volume today at around 1 pm London time, and Devin Walsh, executive director of the…

Memecoins on Bitcoin are about to get supercharged. Here’s how

dlnews.com Crypto’s proverbial digital rock is getting a major upgrade meant to greatly boost the use of memecoins on the Bitcoin network. And as Bitcoin hurdles toward its fourth…

Goldfinch’s third default shows just how risky undercollateralised crypto lending can be

dlnews.com Lenders using decentralised finance protocol Goldfinch are facing a big hit after another large borrower defaulted on its debts. Borrower Lend East previously took out $10.2…

EigenLayer operators are losing money

dlnews.com When EigenLayer, the second-largest DeFi protocol on the Ethereum blockchain, launched in earnest April 9, a key feature was missing: payments to so-called operators,…

Meet the 60 small firms nibbling at BlackRock’s Bitcoin ETF: ‘A lot of fish’

dlnews.com Quarterly statements from funds, banks, and other institutions have begun to roll in, revealing for the first time who and how many shares are owned by clients of…

BlackRock’s BUIDL surged 200% in weeks

dlnews.com After a flying start, inflows into BlackRock’s Ethereum-based tokenised fund are leveling out. BUIDL began with $100 million in funding, and attracted another $160 million…

SEC says jurisdiction over Justin Sun justified by Tron founder’s 380 days in US touting projects

dlnews.com Tron founder Justin Sun spent a large chunk of time in the United States during a crucial period for the tokens he was marketing to investors. That’s what the SEC alleges in…

Trader piles $118m into bet Bitcoin will outperform Ether

dlnews.com A trader added almost $21 million to a short position that pays off when Bitcoin outperforms Ethereum. The trade, which was executed via the DeFi protocol Aave brought the…

Lawmakers stall digital euro bill, leaving future of €1.2bn project uncertain

dlnews.com Lawmakers in the European Parliament have stalled on creating a legal framework for the digital euro, essentially shelving indefinitely the controversial project. The new…

Binance exec Tigran Gambaryan transferred to an underground jail cell as Nigerian crisis escalates

dlnews.com Tigran Gambaryan’s plight in Nigeria has gone from bad to worse. The Binance senior executive has been incarcerated in a jail managed by Nigeria’s anti-corruption agency…

BlackRock, Coinbase lead crypto hiring spree that’s just getting started: ‘2024 is the right time to grow’

dlnews.com Crypto industry players are back hiring talent in another sign of market optimism. Exchanges Binance, Coinbase, and Kraken are just three of the crypto firms advertising new…

Binance exec jailed alongside terrorists in Nigeria hopes to make bail after numerous delays

dlnews.com Three weeks after being charged with money laundering in Nigeria, Binance executive Tigran Gambaryan is still waiting for a bail hearing. The US citizen was supposed to have…

Three reasons why the Bitcoin halving will trigger a selloff

dlnews.com Another voice is warning that Bitcoin’s halving, anticipated on April 20, may diminish the top cryptocurrency’s price. Paolo Tasca, founder of the DLT Science Foundation and…

The Bitcoin halving is coming: Here’s what market pros predict for prices

dlnews.com Bitcoin’s halving is almost upon us. The event will sap the supply of new coins hitting the market at a time when demand has soared — seemingly setting up the cryptocurrency…

Bitcoin jumps to $65,000: Why traders are shrugging off Iran-Israel clash before the halving

dlnews.com Bitcoin is hovering at almost $65,000 with a 5% increase since yesterday as markets react to retaliation in the Middle East. Reports of an attack on an Iranian military base…

Bitcoin miner Marathon rolls out ‘phased plan’ to reduce noise in Texas as demand for BTC soars

dlnews.com Marathon Digital, the top listed Bitcoin miner in the US, has developed a plan to reduce noise from a facility that has drawn protests from nearby residents in Granbury,…

Hong Kong’s Bitcoin and Ether ETFs will test Chinese restrictions on crypto investing with billions at stake

dlnews.com When Hong Kong approved the rollout of spot Bitcoin and Ether ETFs on April 15, one of the most significant implications was whether access for mainland Chinese investors…

Why the Big Four apparently won’t audit Tethers $108bn reserves

dlnews.com Ever since Tether came to dominate the stablecoin market, the issuer has been bedevilled by a big question — why doesn’t the company produce audits of its reserves? Now CEO…

Taylor Swift, 1,000% returns, and FOMO are driving a $58bn market

dlnews.com Memecoins are a scam. Long live the memecoin. That’s the dichotomy at hand as hundreds of joke-tokens flood the $2.6 trillion cryptocurrency market each week and post…

Tether CEO Says An Audit By A Big Four Giant Is Our Top Priority

coingape.com While Tether has been making solid progress with its USDT stablecoin capturing a huge market share, there have been several questions regarding its treasury reserves. Over…

Tether Expands Beyond Stablecoins With Four New Divisions

unchainedcrypto.com Tether, the company behind the USDT stablecoin, is venturing into other areas of the digital asset industry. In a blog post on Thursday, the firm unveiled a framework to…

Eisenberg convicted of fraud in $110m Mango Markets exploit in a blow to DeFi

dlnews.com A federal jury convicted crypto trader Avraham Eisenberg of fraud and market manipulation Thursday for his $110 million exploit of Solana-based DeFi protocol Mango Markets,…

Vitalik Buterin pitches ‘degen communism’ as way to spread wealth

dlnews.com Civil discourse among well-meaning experts is a “reactionary,” outdated ideal, according to Ethereum co-founder Vitalik Buterin. Instead, governments and, of course, crypto…

Bitcoin fees overtake Ethereum in last 24 hours thanks to these two catalysts

dlnews.com Fees paid by users on Bitcoin surpassed those paid by users on Ethereum in the last 24 hours, according to data from Cryptofees, a data analytics site. Users paid $7.47…

Scroll community hits back at the layer 2′s second attempt to launch a loyalty scheme

dlnews.com After Scroll’s first attempt to launch a loyalty campaign backfired in February, the layer 2 network is back with a second attempt. But many DeFi users are raising doubts…

DeFi’s most notorious bot makes record 2024 profit targeting ENA traders

dlnews.com A trading bot targeting Ethereum users is taking advantage of a frenzy for Ethena’s new ENA token. Onchain data compiled by Dune user @kevinzzz shows that the bot, commonly…

Welcome to Anon Island, where 800 users are set to compete onchain for $250,000

dlnews.com Crypto: The Game, a game inspired by the popular TV show “Survivor” and developed by HQ Trivia founder Dylan Abruscato, has sold out all of the entries for its second…

Ripple to face off against Circle, PayPal with new USD stablecoin

dlnews.com Ripple will launch a new stablecoin later this year. The company behind the XRP Ledger blockchain broke the news on Thursday, betting that integrating it with its payments…

The three factors affecting Bitcoin ahead of the halving

dlnews.com Bitcoin investors are gearing up for a post-halving boom in the next couple of weeks. However, three factors could make the days leading up to it chaotic, according to David…

Bitcoin and Ether ETFs are coming to Hong Kong

dlnews.com Ever since the US approved Bitcoin ETFs earlier this year, investors have been looking for the next markets to green-light these easy-to-buy and easy-to-trade investment…

Where bettors see Bitcoin’s price after the halving

dlnews.com The odds for fresh all-time highs for Bitcoin in April are falling fast. Punters on blockchain-based betting site Polymarket now put the odds of Bitcoin surging beyond…

This miner says Wall Street banks want to buy its Bitcoin. It’s a sign supply shortages are coming

dlnews.com The immense success of the Bitcoin spot exchange-traded funds is creating Bitcoin supply shortages. Hut 8, one of the largest publicly traded Bitcoin mining companies in the…

Eisenberg defence leans into ‘code is law’ in closing argument

dlnews.com Four days after exploiting a loophole in Solana-based decentralised exchange Mango Markets, notorious crypto trader Avraham Eisenberg went on social media and said his…

How this Bitcoin miner CEO is planning for the halving and its aftermath

dlnews.com The fourth halving is happening this week. After April 20, miners will be rewarded only half as much Bitcoin as they now do for maintaining the blockchain. For some Bitcoin…

Biblical Dubai floods can’t douse spirit ahead of crypto bonanza: ‘I’ll do my keynote virtually’

dlnews.com Dubai’s pristine marble streets were turned to riverbeds this week, soaking and stranding those in town for a crypto industry event. While some have cut their losses,…

Missed Ethena’s $500m airdrop? The DeFi project is already planning the next one

dlnews.com Airdrop chasers scooped up more than $500 million from Ethena’s first airdrop. The over 90,000 users who participated in Ethena’s six-week airdrop campaign — which kicked…

Worldcoin launches layer 2 blockchain as eye scanning venture hits 10m users

dlnews.com Worldcoin, the eyeball-scanning crypto startup, continues to face regulatory challenges with officials in at least six countries probing whether the project is violating…

Central banks launch new project with aim for slice of $14tn tokenisation pie

dlnews.com Wall Street giants like BlackRock are excited about the potential of tokenisation to automate the plumbing of financial markets. And central banks want a slice of that pie…

Anchorage adds Arbitrum support as institutions eye L2s

dlnews.com Crypto custodian Anchorage Digital has introduced support for Arbitrum, the largest layer 2 blockchain on Ethereum. Backed by Visa and Goldman Sachs, Anchorage serves…

Bitcoin’s halving rally gives way to worries about geopolitical risks and the Fed’s rate move

dlnews.com The halving was baked into Bitcoin’s price long ago. That much we know. Now analysts are growing increasingly anxious that the recent rally — a most welcome narrative for…

Crypto hedge fund gives real reason for Bitcoin’s drop

dlnews.com All eyes are on the Middle East, but the Federal Reserve may bear more responsibility for the crypto dump than Iran and Israel. Bitcoin dropped 14% at the end of last week…