The selling of Bitcoin (BTC) by long-term holders is being quickly absorbed by buyers, according to digital asset analytics firm Glassnode. Glassnode says that long-term holders – or those holding their coins for more than 155 days – are starting to re-accumulate BTC after a second wave of selling, reducing volatility on the price chart. …
Monthly archives: April 2025
Crypto Adoption Explodes in South Korea As Number of Investors Rises to 16,290,000: Report
Nearly one-third of the South Korean population has reportedly invested in Bitcoin (BTC) and other digital assets. The Seoul-based news agency Yonhap, citing data released by the South Korean government, reports that as of late February of this year, 16.29 million people have opened accounts on Upbit, Bithumb, Coinone, Korbit and Gopax, the country’s top …
Blockchain Association CEO will move to Solana advocacy group
After more than six years leading the blockchain advocacy organization, Kristin Smith will leave to become the president of the Solana Policy Institute on May 19. Kristin Smith, CEO of the US-based Blockchain Association, will be leaving the cryptocurrency advocacy group for the recently launched Solana Policy Institute. In an April 1 notice, the Blockchain …
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US lawmaker will reintroduce crypto retirement bill to help Trump agenda
Senator Tommy Tuberville introduced the Financial Freedom Act in 2022 and 2023. Both times, the legislation failed to get out of committee. For the second time, Alabama Senator Tommy Tuberville is set to reintroduce a bill aimed at allowing Americans to add cryptocurrency to their retirement savings plans. In a March 31 Fox News interview, …
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Grayscale files S-3 for Digital Large Cap ETF
The fund holds a diverse basket of cryptocurrencies, including altcoins such as ETH, SOL, ADA and XRP. Asset manager Grayscale has filed to list an exchange-traded fund (ETF) holding a diverse basket of spot cryptocurrencies, US regulatory filings show. On April 1, Grayscale submitted an S-3 regulatory filing to the US Securities and Exchange Commission …
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Bitcoin price flips volatile as traders eye $84.5K breakout
Bitcoin price upside has “more to prove” to convince market participants as macroeconomic uncertainty gathers ahead of the US tariff “Liberation Day” on April 2. Bitcoin (BTC) repeated earlier volatility at the April 1 Wall Street open as US trade tariff talk kept markets nervous. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Data from Cointelegraph Markets Pro …
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FTX Estate To Begin Paying Major Creditors With $11,400,000,000 in Cash Reserves: Report
The bankrupt crypto exchange FTX is reportedly primed to begin paying its main group of creditors at the end of May. Business restructuring lawyer Andrew Dietderich said in court last week that the payouts are scheduled to begin on May 30th, Bloomberg reports. FTX will use its $11.4 billion cash reserves, which were amassed after …
Tether adds 8,888 Bitcoin in Q1 as holdings exceed $8.4B
Tether acquired 8,888 Bitcoin in Q1 2025, boosting its total holdings to over 100,000 BTC despite looming regulatory pressures. Tether, issuer of the USDT stablecoin, acquired 8,888 Bitcoin in the first quarter of 2025, according to onchain data. Onchain transaction data shows that Tether moved its newly acquired Bitcoin (BTC), worth roughly $750 million at …
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Crypto venture funding soars to $3.5 billion in March, highest since March 2022
Venture capital investments in crypto and blockchain startups surged to their highest level since March 2022, signaling renewed confidence in the industry. According to data from DeFiLlama, crypto firms secured $3.5 billion in funding in March 2025, marking a 246% increase from February’s $1.01 billion. Crypto VC Funding. (Source: DeFiLlama) This figure is the highest …
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Russian darknet dominated crypto drug trade in 2024 with $1.65 billion transactions
Blockchain security firm TRM Labs reported that Russian-language darknet marketplaces dominated crypto-linked drug transactions in 2024. According to the report, the platforms were behind more than 97% of the drug-related crypto activity on the Bitcoin and TRON networks. That translates to around $1.65 billion out of the $1.7 billion traced to drug trade on both …
Backpack begins identity verification to repay FTX EU claimants
Crypto exchange Backpack has officially launched the claims process for users of the now-defunct FTX EU platform, according to an April 1 statement. BackPack CEO Armani Ferrante said: “It’s been a long, complicated process with multiple parties, but we’re happy to finally open up identity verification for FTX EU customers on [our website.]” According to …
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Metaplanet becomes 9th-largest corporate Bitcoin holder after new purchase
Metaplanet cemented its position among the top corporate Bitcoin holders globally following the acquisition of 696 BTC, valued at approximately $67.8 million (¥10.152 billion), on April 1. This move boosts the firm’s total Bitcoin holdings to 4,046 BTC, worth around ¥52.368 billion or $350 million. According to Bitcoin Treasuries data, Metaplanet’s growing BTC treasury now …
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Asian Bitcoin adoption surges as Kliff Capital funds Sora Ventures’ Bitcoin treasury model
Bangkok-based Kliff Capital has committed $3 million to Asia-focused blockchain investment firm Sora Ventures in a move aimed at scaling Bitcoin-centric corporate treasury models across key Asian markets. The investment will support Sora Ventures’ ongoing efforts to expand institutional adoption of Bitcoin as a strategic reserve asset, particularly among publicly listed companies. The collaboration intends …
Bitcoin Miners Grapple With $20M March Earnings Dip as Hashprice Swings
March’s financial metrics reveal a $20 million contraction in bitcoin miners’ earnings relative to February. Simultaneously, the hashprice—the theoretical daily yield of 1 petahash per second (PH/s)—diminished by 3.93% from its early March benchmark. Hashprice’s 3.93% Slide Meets 862 EH/s Frenzy Fresh data collected on April 1, 2025, via hashrateindex.com, illustrates a descent in hashprice …
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XRP Price Analysis: Bulls Eye $2.20 Breakout Amid Choppy Action
The current trading environment for XRP reflects consolidation within a cautious downtrend, with prices anchored at $2.12 to $2.135 amid a 24-hour trading range of $2.07 to $2.19, underpinned by a $123 billion market cap and $4.18 billion in trading volume. XRP On the 1-hour chart, XRP displays choppy price action with a recent lower …
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