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WazirX could restart operations next month, as the hacked trading platform awaits a crucial court decision in Singapore that could clear the way for its post-hack recovery plan and user compensation scheme. After nearly nine months of inactivity, WazirX could finally resume services if Singapore’s High Court approves its restructuring plan, the company said in…
Burwick Law, a New York-based firm, has raised legal concerns about Metaplex’s plan to transfer over 54,000 unclaimed SOL, worth roughly $7.3 million, into its DAO treasury. In an open letter shared on X on Apr. 22, the firm warned that the protocol’s approach could lead to legal action and damage user trust in the…
Fartcoin has just flipped Bonk to become the second-largest Solana memecoin by market cap, following a 15% rally that pushed its market cap above the $1 billion mark. Fartcoin (FARTCOIN) has rallied over 15% in the past 24 hours, smashing through the $1 psychological resistance to trade at $1.06 at press time. With this rally,…
Ethereum is quickly losing ground to Bitcoin, with the ETH/BTC ratio falling to its lowest level in five years. According to CoinGecko data, the ETH/BTC ratio now stands at 0.01787, a level not seen since January 2020. The sharp decline reflects Ethereum’s (ETH) ongoing underperformance relative to Bitcoin (BTC). Over the last 24 hours, the…
Spot Bitcoin exchange-traded funds in the United States recorded their highest daily inflows in three months, fuelled by renewed risk-on sentiment after President Donald Trump threatened to fire Federal Reserve chair Jerome Powell. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $381.4 million in net inflows on April 21, over 250% higher…
Solana-based decentralized exchange Meteora is facing a class-action lawsuit that accuses affiliated parties of orchestrating a fraudulent launch of the M3M3 token, resulting in alleged investor losses. An April 21 filing in the US District Court for the Southern District of New York, brought on behalf of affected investors, alleges that Meteora, its CEO Benjamin…
“South Korean cryptocurrency exchange Bithumb appears to be restructuring its investment and holding units as it plans to conduct a long-awaited initial public offering. Crypto exchange Bithumb will separate its holding and investment business into a new company this summer as part of a larger plan to prepare for a potential Nasdaq listing, according to…
In a major leadership shift that may alter the agency’s position on crypto and digital assets, Paul S. Atkins has formally assumed his position as the 34th Chairman of the U.S. Securities and Exchange Commission. The swearing was officially confirmed by an Apr. 21 press release from the SEC. Atkins was nominated by President Donald…
Pepe is encountering resistance, but this rejection could mark the beginning of a bullish continuation setup. Traders are watching for a potential higher low that may set the stage for a strong rotation to the upside. Pepe price action (PEPE) is currently facing a local resistance zone, one that is not necessarily bearish in nature…
