Stellar may be gearing up for a breakout, as stablecoins, active addresses, and other metrics are on the rise. Stellar (XLM) is showing signs of strength, both in decentralized finance and in technicals. On Friday, April 11, the stablecoin market cap on the chain broke $300 million, reaching an all-time high of $3.6 million. At…
Synthetix’s algorithmic stablecoin sUSD is continuing to drift from its $1 peg, currently trading at $0.90. The depeging began in March, with sUSD briefly slipping below $1, but the situation worsened after the implementation of SIP-420—a governance proposal aimed at improving capital efficiency and simplifying the user experience within the Synthetix (SNX) ecosystem. According to…
A bill targeting crypto fraud and deceptive practices has been passed by the Illinois Senate. Dubbed the Digital Assets and Consumer Protection Act, Senate Bill 1797, introduced by Senator Mark Walker, cleared the chamber with a 39-17 vote on April 10. The bill sets out to bring crypto businesses under tighter scrutiny by requiring them…
Democratic lawmakers have slammed the Department of Justice’s move to dismantle the National Cryptocurrency Enforcement Team, calling the decision “nonsensical” and a gift to bad actors. United States Senator Elizabeth Warren, along with six other Senate Democrats, sent a strongly worded letter to Deputy Attorney General Todd Blanche on April 10, urging the DOJ to…
New Hampshire’s Bitcoin reserve bill has passed the state’s House, making it the fourth state to advance such legislation through one chamber. On April 10, the New Hampshire House voted 192-179 in favour of House Bill 302 after it cleared the House Commerce and Consumer Affairs Committee with a 16-1 vote in early March. The…
MoonPay has announced the launch of MoonPay Labs, an accelerator designed to support pre-seed and seed-stage Web3 technical teams through capital, product support, and long-term growth strategies. MoonPay Labs will operate under an evergreen model by selecting up to five high-potential startups annually to receive personalized, ongoing support, according to a press release sent to…
Cardano founder Charles Hoskinson predicts crypto will dominate the global financial market in the future, erasing the boundaries of TradFi and DeFi altogether. Meanwhile, Pierce sees a future where unbanked societies can benefit from the crypto wave. During the DNA House event in Paris on April 10, Hoskinson explained that the integration of the crypto…
FLR formed a god candle today, breaking out of its multi-month downtrend amid investor hype around an upcoming upgrade to the network. Flare (FLR) rallied 51.8% to an intraday high of $0.0167 while bringing its market cap to over $927 million as of press time. Its rally came along with increased trading activity, with its…
Synthetix stablecoin sUSD has fallen 6% in the last day to trade at $0.8597, continuing the recent decline below its $1 peg. At the same time, 24-hour trading volume has jumped nearly 487% to over $2.1 million, as per CoinGecko data. This reflects growing market activity as concerns rise. Synthetix (SNX) is a decentralized finance…
Memecoins like FARTCOIN, POPCAT, and MOG saw strong gains as investors embraced a risk-on sentiment following President Donald Trump’s decision to ease up on some of his tough tariff policies, which sparked a broader market rally. According to CoinGecko, Fartcoin (FARTCOIN) shot up by 43.5%, hitting a 10-week high market cap of $731 million. Popcat…
