Bithumb (S. Korea) reports a HUGE turnaround! 2024 operating profit: ₩130.7B (vs. ₩14.8B loss in 2023). Net profit up 565.8% YoY, revenue up 265.4% to ₩496.3B. Plans for 2025: enhanced compliance & institutional investment via KB Kookmin Bank collab. #crypto #Bithumb
#blockchain #news
South Korean court jails 3 for crypto fraud in Busan. They promised 30% monthly returns trading "1,000 high-quality cryptos" with a fake algorithm, scamming $416K. Funds used for personal expenses. #cryptoscam #fraud #southkorea
#blockchain #news
Bitget Research: BTC & ETH face macro/technical headwinds. BTC's correlation w/ Nasdaq is 0.67, meaning US stock weakness could hurt crypto. BTC ETFs see inflows, ETH outflows suggest institutional shift. ETH drop could trigger $336M+ in liquidations; below $1600, a cascade.
#crypto #blockchain #news #BTC #Bitcoin
FTX aims to start repaying major creditors by May's end, per Bloomberg. They'll use $11.4B in cash reserves. Lawyer Andrew Dietderich says smaller "convenience claims" are already being paid, with main creditor payments starting May 30.
#crypto #blockchain #news
Goldman Sachs raised its core PCE inflation forecast to 3.5% from 3.0% (via @NickTimiraos). They still expect the Fed to cut interest rates 3 times in the second half of the year to support growth & employment.
#crypto #blockchain #news
IRGC officials are accused of stealing over $21M in crypto during an investigation into the Cryptoland exchange, per Decrypt. Court docs allege Mehdi Hajipour & Mehdi Badi led the scheme. Blockchain data reportedly shows Hajipour controlled wallets holding over $21M in tokens.
#crypto #blockchain #news
Elon Musk says his proposed "Department of Government Efficiency (DOGE)" has *nothing* to do with Dogecoin. Speaking at a town hall in Green Bay, he clarified the similar name is just a coincidence and there are no plans for the government to use the cryptocurrency. The goal is 15% efficiency improvement!
#crypto #blockchain #news
According to SoSoValue data, Bitcoin spot ETFs saw a net inflow of $196 million during the trading week of March 24th to March 28th (Eastern Time). BlackRock's IBIT led the inflows with $172 million, bringing its total historical net inflow to $3.995 billion.
#crypto #blockchain #news #BTC #Bitcoin
Ethereum spot ETFs saw a net outflow of $8.64M last week (3/24-3/28), per SoSoValue. Grayscale's ETH Mini-Trust ETF (ETH) had the largest outflow at $6.66M. Total historical net inflow for ETH ETFs remains at $571M.
#crypto #blockchain #news
Binance is adjusting collateral ratios for some assets in its Unified Account program on April 4, 2025 (UTC+8). Decreases include: CRV & UNI from 85% to 80%, ALGO from 85% to 75%, KSM from 80% to 70%, XTZ from 75% to 60%, and XEC from 70% to 55%.
#crypto #blockchain #news
SEC drops Ripple appeal amid Trump's return! FinTax reports political maneuvering & market forces at play. Ripple reportedly donated big to GOP & Trump. SEC's move signals regulatory upgrades driven by market evolution & tech innovation. #crypto #regulation #ripple
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Trump advisors are considering using the IEEPA to impose global tariffs of up to 20%, per @NickTimiraos. The policy could impact almost all US trading partners. Trump wants the policy to be "big and simple," suggesting it could be broader than earlier plans targeting top trading partners.
#crypto #blockchain #news
Solana's considering increasing Compute Unit (CU) capacity to improve network performance! Proposals like SIMD-0207 (50M CU) & SIMD-0256 (60M CU) are being debated. CUs are like gas; more CUs mean bigger blocks & higher validator requirements. It's a speed vs. stability trade-off. #Solana #blockchain
#crypto #news
Metaplanet, a Japanese public company, issues 2 billion yen ($13.3M USD) in unsecured bonds to buy Bitcoin. The bonds, their 10th series, are interest-free and redeemable by Sept 30, 2025.
#crypto #blockchain #news #BTC #Bitcoin
Coinbase's Viktor Bunin: Layer-2's importance for Ethereum depends on how you see ETH. Just "AWS credits"? L2s are less relevant. But if ETH is a global currency, L2s are KEY, using ETH in lending, trading, NFTs, not just gas. #Ethereum #Layer2
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Big week for crypto unlocks! Tokenomist reports over $642M in tokens unlocking in the next 7 days. Large single unlocks (>$5M): SUI, W, ENA, OP, BIGTIME, ZETA, KAS, NEON, DYDX. Linear unlocks (>$1M/day): SOL, WLD, TIA, DOGE, OM, TAO, AVAX, SUI, JTO, NEAR, DOT, IP, FIL.
#crypto #blockchain #news
California introduces AB-1052, the "Bitcoin Rights" bill, protecting digital asset users. Proposed by Assemblymember Juan Carrillo, it clarifies self-custody rights, prohibits taxes/restrictions on crypto payments, manages unclaimed assets, & bans officials from promoting digital assets.
#crypto #blockchain #news #BTC #Bitcoin
Wu Shuo reports: US core PCE exceeded expectations. BOJ hints at rate hikes. Key events this week: US non-farm payroll, Trump's tariff announcement (Apr 2), Powell speech, and ECB meeting minutes.
#crypto #blockchain #news
Tether's hiring! Wu Blockchain reports they're seeking C++, JavaScript, OS devs, & project managers to boost AI, telecom, & data projects. Tether aims to disrupt Web2 with decentralized, P2P consumer apps. #Tether #Web3 #Blockchain
#crypto #news
Ex-Bank of China VP suggests using stablecoin tech to modernize sovereign currencies! Wang Yongli proposes adapting stablecoin systems for faster, more stable sovereign digital currency launches. Could this be the future of national currencies?
#crypto #blockchain #news