Author: Admin-aX9d7

Former NBA star Shaquille O’Neal has been granted final court approval to settle a class-action lawsuit for $11 million with Astrals non-fungible token (NFT) buyers.Florida federal court judge Federico Moreno granted approval of the settlement between O’Neal and the class group led by Daniel Harper in an April 1 order made available on April 8.The deal created a fund of up to $11 million for eligible class members and awarded $2.9 million in attorney fees and costs. All those who purchased Astrals NFTs from May 2022 to Jan. 15 and those who purchased the project’s native GLXY tokens up until…

Spot Bitcoin ETFs saw a reversal of fortune last week, as a wave of institutional cash flooded into the market after weeks of lukewarm demand. Over the week between April 21 and April 25, spot Bitcoin ETFs accumulated just over $3 billion in net inflows, a significant sum that dwarfed the trickle of investments the market saw in February and March. As previously covered by CryptoSlate, each day of the week brought significant inflows, peaking on April 22 at $936.5 million. To put this in perspective, Glassnode data shows the April 22 inflow was over 500 times the average daily…

Cryptocurrency exchange-traded products (ETPs) bounced back with their third-largest inflows on record last week, according to CoinShares.Global crypto ETPs collectively posted $3.4 billion of inflows in the trading week of April 21–25, marking the highest level since December 2024, CoinShares reported on April 28.The inflows were just 13% below the all-time high of $3.85 billion seen in the trading week of Dec. 2–6, 2024, CoinShares previously reported.Renewed investment interest in crypto ETPs came as Bitcoin (BTC) broke back above $90,000 last week for the first time since briefly retesting the price mark in early March, according to CoinGecko.Bitcoin ETFs lead…

Coinbase unleashes a game-changing Bitcoin Yield Fund, offering powerful returns with minimized risk, revolutionizing institutional crypto investing and setting a new gold standard for secure yield. Coinbase Launches Bitcoin Yield Fund, Avoiding High-Risk Loans and Call Selling Crypto exchange Coinbase (Nasdaq: COIN) announced on April 28 the launch of the Coinbase Bitcoin Yield Fund (CBYF), […]

Gold-backed cryptocurrencies have spiked in value amid the global trade war unleashed by US President Donald Trump’s April 2 tariffs.Tether Gold (XAUT) and Paxos Gold (PAXG) reached all-time highs on April 22, with Tether Gold touching $3,529 and Paxos Gold recording a peak of $3,520, according to data from CoinMarketCap. Two other gold-backed cryptocurrencies — Quorium (QGOLD) and Kinesis Gold (KAU) — have seen rises of 8.5% and 7.6%, respectively, in the past 30 days. All four tokens are up 40% or more in the past 12 months, CoinGecko data shows.Related: Tether clocks $13B in 2024 profits, US bond holdings…

Crypto advocacy group DeFi Education Fund has urged the US Department of Justice (DOJ) to reconsider its approach to holding DeFi protocol developers accountable for users’ actions.In a blog post published on Feb. 4 by Andreessen Horowitz (A16z), co-authors Miller Whitehouse-Levine and Amanda Tuminelli from the DeFi Education Fund argued that developers should not be liable for how their software is used, comparing them to car manufacturers who are not responsible for drivers’ actions.According to them:“The same intuitive principle that governs our understanding of car manufacturer and driver liability should be the foundation of sensible policymaking in the context of…

Some days make it difficult to find joy, even as crypto markets are rallying. Nevertheless, the losses made since the outbreak of the tragic war between Russia and Ukraine have largely recovered and markets are generally in the green on the daily.As many times before, bitcoin leads the way by the share weight of the leading cryptocurrency by market cap. Bitcoin (BTC) is essentially back to the same levels as before the outbreak of the conflict, jumping over $39,000 for the first time since Wednesday last week. Trading at $39500 at press time, bitcoin is up 11.3% on the daily,…

A groundbreaking study from the Cambridge Centre for Alternative Finance (CCAF) claims that the United States now dominates Bitcoin mining, controlling as much as 75.4% of the global hashing power. “The U.S. has solidified its position as the largest global mining hub (75.4% of reported activity),” the CCAF reports, based on a survey of 49 mining firms representing nearly half the Bitcoin network’s hashrate.  This concentration, equating to roughly 600 exahashes per second (EH/s) of the global 796 EH/s, raises a pressing concern: Is Bitcoin mining becoming dangerously centralized in the U.S., and what risks does this pose for the…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. After closing out last week in the green, stocks were back on the decline Monday as investors waited for more signs from the White House that trade deals are in the works.  The forces that moved equities last week were 1) Trump’s confirmation that he would not look to fire Fed Chair Powell and 2) Treasury Secretary Scott Bessent’s comments on the “unsustainable” situation with China. So far today, we just haven’t seen similar optimism.  Bessent, during a CNBC appearance this morning, put the ball in…

16h05 ▪ 4 min read ▪ by Luc Jose A. Ripple is preparing a major move. With the acquisition of the broker Hidden Road for $1.25 billion, the crypto company is not just strengthening its arsenal. According to lawyer John Deaton, Ripple aims much higher: capturing a share of an institutional market estimated at $16 trillion. Behind this discreet operation lies a gigantic ambition: to become one of the pillars of the finance of tomorrow. In Brief Ripple acquires Hidden Road for $1.25 billion and reveals ambitions far beyond traditional payments. Hidden Road handles over $3 trillion in annual transactions…