Quick Look
Defi Market Holds Steady at $49.31 Billion TVL, Lido Finance Leads the Pack With 24.82% Share
Since April 18, 2023, the total value locked (TVL) in decentralized finance (defi) has been fluctuating just below the $50 billion...
NFT Sales See Modest Increase of 1.46% to Reach $149M in Past Week
In the past week, sales of non-fungible tokens (NFTs) have increased by 1.46%, raking in a total of $149,312,180. However, while the...
Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov Says
Efforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according...
Voyager Digital Provides Update on Reimbursement Plan for Creditors
Following Binance’s withdrawal from the Voyager Digital deal on April 25, the now-defunct crypto lender has recently informed...
How to check an Ethereum transaction
A transaction on the Ethereum blockchain is technically initiated by an external account owner (not a contract). For example, if User A...
US-Based Bitcoin Focused Startup Fedi Raises $17 Million in Series A Funding Round
Fedi, the U.S.-based fintech which is led by the Nigerian bitcoin advocate Obi Nwosu, said on May 3 that it recently raised $17 million in...
Texas House Advances Gold-Backed Digital Currency Bill
Texas has taken its first steps in order to approve a bill that would issue a 100% gold-backed digital currency. If enacted as law, the...
Saudi Arabia Joining BRICS Would Accelerate Chinese Yuan’s Use as Trading Currency, Says Professor
Professor Ashok Swain of Uppsala University’s Department of Peace and Conflict Research says Saudi Arabia joining the BRICS economic bloc...
Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’
Federal Reserve Chairman Jerome Powell has warned of “highly uncertain and adverse” economic consequences if the U.S. defaults...
RFK Jr. elaborates position on CBDC, crypto: ‘It isn’t just criminals who want privacy’
Robert F. Kennedy Jr., who is challenging United States President Joe Biden for the Democratic nomination in the 2024 presidential...
Argentina’s central bank halts cryptocurrencies from payment apps
On May 4, Argentina’s central bank banned payment providers from offering crypto transactions, alleging it intends to reduce the...
SUI price drops 70% from market debut top amid excessive supply concerns
The price of Sui (SUI) has dropped sharply after its market debut across leading cryptocurrency exchanges. On May 5, the SUI price was...
Emerging tech to create “new ethics” for humankind: MEWS 2023
In recent years, emerging technologies have been pervasive in many major industries around the world, whether it’s blockchain technology...
Liquid staking solutions now have more TVL than DEXs: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the...
Crypto Biz: Hyperinflation and Bitcoin wagers, AI replacing first jobs and more
United States inflation and how it might affect the price of Bitcoin (BTC) are two of the top concerns on investors’ minds around the...
Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector
The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the...
US Banking Crisis Looms as ‘Credit Tightening’ Mentions Reach Record Highs on Company Calls
Recent data reveals that while the banking industry in the U.S. is facing significant challenges, executives are mentioning “credit...
Former SEC Enforcement Chief: Coinbase’s Arguments ‘a Surefire Loser’ and Possibly Criminal
According to John Reed Stark, crypto exchange Coinbase’s assertions that its business activities were endorsed by the U.S....
Price analysis 5/5: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Confidence in the United States financial system seems to be eroding fast with investors trying to find the next weakest link that is...
Cryptoys Unveils Star Wars Digital Toys in New Line of Collectibles
The crypto platform Cryptoys, backed by Andreessen Horowitz, has announced the launch of Star Wars collectible digital toys featuring...
Meme Coin PEPE’s Market Cap Surpasses $1B with 896% Surge Over the Past Week
As per the latest statistics recorded before the weekend, the meme token PEPE has witnessed a massive surge in value, following its recent...
Crypto price predictions: Tron, Optimism, Stacks (STX)
Cryptocurrency prices were mixed, with key coins like Bitcoin moving sideways. Meme coins like Pepe and Floki Inu surged after their...
VC Darling Crypto Sui Makes Waves With Market Debut, Price Sinks 37% From All-Time High
A buzz has been generated around a new layer one (L1) proof-of-stake blockchain initiative named Sui, following the network’s...
Stronghold Digital Partners With Canaan Subsidiary to Boost Bitcoin Mining Capacity by 400 PH/s
Stronghold Digital, a leading Bitcoin mining firm, announced the company has entered into a two-year hosting agreement with Cantaloupe...
Exploring the Crypto World: Join the CoinEx Pizza Month for Multiple Giveaway Events
PRESS RELEASE. As Bitcoin becomes an increasingly popular payment option, we can now use BTC for quick ordering and online shopping in...
What is profit and loss (PnL) and how to calculate it
Anyone who has dealt with trading in traditional finance is likely to be aware of profit and loss (PnL). But is PnL in the cryptocurrency...
Nigeria Passes ‘National Blockchain Policy,’ Industry Player Says Central Bank Unlikely to Lift Crypto Ban
The Nigerian Federal government said on May 3 it had passed what it called the “national blockchain policy.” The Nigerian...
Argentine Foreign Minister Says a Latin American Common Currency Would Relieve Argentina’s Stress on the Dollar Issue
Argentine Foreign Minister Santiago Cafiero referred to the advantages the issuance of a Latin American common currency would give...
Brazilian President Lula to Act as BRICS Liaison to Help Argentina, Discusses Credit Line in Brazilian Reals
Brazilian President Luiz Inacio Lula da Silva stated Brazil will serve as a facilitator to try and arrange BRICS bloc assistance for...
3 reasons to invest in Metacade after the 275% rally
Metacade price has jumped by 275% from its all-time low. The token will benefit from a Fed pivot as US banks collapse. Technicals are...
Justin Sun’s SUI-farming sins, PEPE’s wild run, 3AC’s oyster philosophy: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments. SUI rises to glory as Sun sets sights on it...
ECB Raises Interest Rates by 25bps Amid ‘Too High’ Inflation, ‘No Pause,’ Lagarde Says
The European Central Bank (ECB) raised its key interest rates by 25 basis points, slowing the pace from previous increases. However, as...
Iran Seeks BRICS Membership to Counter Western Hegemony, Promote Multipolar World, Says President Raisi
Iranian President Ebrahim Raisi has condemned the current unipolar world order, emphasizing that Iran plans to join the BRICS group to...
El Salvador Eliminates All Taxes on Technology Innovations, AI, App Programming
El Salvador’s president, Nayib Bukele, has enacted a law that eliminates all taxes on technology innovations, software and app...
Chatgpt ‘Is the New Crypto,’ Meta Says Malware Actors Exploit AI Craze
A growing number of malware creators are now taking advantage of the significant interest in Chatgpt to lure victims, Facebook owner Meta...
Biden Aides Explore Minting $1 Trillion Platinum Coin as Solution to Impending Debt Default
As the United States stares down the barrel of a potential debt default come June, a curious and intriguing solution has emerged: crafting...
Will Stacks price go back up? Here’s the short-term outlook for STX
Stacks price has declined 4% in the past 24 hours and is -15% this past 30 days. STX currently trades near $0.78, and has a key supply...
Bitcoin crowdfunding is Lightning: El Salvador school program hits 1 BTC in donations
There’s a beacon of light in the bear market tunnel. The Salvadoran nonprofit program Mi Primer Bitcoin, or My First Bitcoin, has raised...
Bitcoin drops with stocks as analyst warns of banking crisis ‘endgame’
Bitcoin (BTC) slid below $29,000 around the May 4 Wall Street open as United States equities showed jitters over the resurgent banking...
Examining global successes and challenges in regulating crypto: Report
The use and popularity of cryptocurrencies have significantly increased in recent years, but their decentralized nature makes them...
Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases
Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge....
Consensus 2023: Businesses show interest in Web3, despite US regulatory challenges
Consensus, the annual crypto and blockchain conference, attracted over 15,000 attendees, 220 sponsors and 410 speakers to its 2023 edition...
Mainstream media renew push for non-US FTX user identities
Four media outlets in the United States have continued efforts to get the identities of non-U.S. FTX customers revealed, filing new...
Joe Lubin: The truth about ETH founders split and ‘Crypto Google’
There’s a narrative that’s grown up around Ethereum’s two most important co-founders, Joe Lubin and Vitalik Buterin, to explain how they...
How are Bitcoin options traders positioning for the US banking crisis?
For the past 14 days, cryptocurrency markets have been trading within an unusually tight 7.1% range. In other words, investors are...
Florida Takes a Stand Against CBDCs: Anti-CBDC Bill Receives Overwhelming Support in House and Senate
In the wake of Florida Governor Ron DeSantis’ remarks in Jacksonville on Tuesday, both the Florida House of Representatives and...
US Banking Industry in Turmoil: A Comprehensive Look at the ‘Great Consolidation’ and Largest Bank Failures of 2023
2023 has been a rollercoaster ride for the U.S. banking industry. The collapse of three major banks has sent shockwaves through the...
Russia Projected to Start Purchasing Chinese Yuan for Its Foreign Reserves as Soon as May
Russia will start to purchase Chinese yuan for its international reserves as soon as this month, according to reports from Russian...
Nigerian national blockchain policy gets government approval
The government of Nigeria — one of the world’s most curious nations about cryptocurrencies like Bitcoin (BTC) — has approved a national...
IMF Chief Warns of More Weaknesses in US Banking Sector — Sees ‘Gradual’ Shift Away From US Dollar
International Monetary Fund (IMF) Managing Director Kristalina Georgieva expects “more vulnerabilities” in the U.S. banking...
Play-to-Earn Is Dead, But ScapesMania’s Launch Brings a Vital Alternative In Light of the P2E Apocalypse
PRESS RELEASE. P2E projects have reached a dead-end due to the inherent issues of the model. Token Prices and user bases are plummeting...
Ukraine, US Shut Down 9 Cryptocurrency Exchanges
Supported by U.S. law enforcement, police in Ukraine have disrupted a network of crypto exchange services suspected of laundering criminal...
Fed’s decision had no impact on the crypto market – yet
Federal Reserve raised the funds rate by another 25bp Jerome Powell hinted at the end of the tightening cycle The US dollar did not move...
Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet
Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by...
$22M of Curve Finance algo stablecoin minted since mainnet launch
Decentralized finance (DeFi) protocol Curve Finance has launched its native algorithmic U.S. dollar-pegged stablecoin, dubbed “crvUSD” on...
Robert Kennedy Jr Warns of Mega Economic Crisis — Says ‘It’s Not Just the Banks’
U.S. Presidential Candidate Robert F. Kennedy Jr. has warned that “the banking collapse is the tip of an economic mega-crisis,”...
Gold, Silver, and Crypto Prices Surge After Federal Reserve’s Quarter-Point Increase
Following a quarter-point increase in the federal funds rate by the Federal Reserve on Wednesday, precious metals such as silver and gold...
Jury convicts former OpenSea manager in NFT-insider trading case
The former OpenSea manager who was accused of insider trading of NFTs has been convicted on May 3 of wire fraud and money laundering in a...
Crypto Exchange Coinbase Faces Legal Action Over Biometric Data Collection
The Nasdaq-listed cryptocurrency exchange Coinbase has been accused of “wrongfully” profiting from its users’ facial and fingerprint...
The Fed has little ammo left as $30K Bitcoin price becomes key battle line
The Bitcoin price successfully defended the $28,000 support on May 2, but it has yet to prove the strength needed to reclaim the $29,200...
US lawmakers introduce bipartisan bill proposing ban on members investing in ‘financial instruments’
Lawmakers from both sides of the aisle in the United States House of Representatives have backed a bill prohibiting members of Congress...
French Senate proposal would allow influencers to promote cryptocurrency
The French Senate’s Committee on Economic Affairs recently approved an amendment to pending legislation allowing registered cryptocurrency...
White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto Mining
On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured in the...
Litecoin price poised for 700% gains vs. Bitcoin, says Charlie Lee
Litecoin (LTC) can make some big gains versus Bitcoin (BTC), particularly as its August halving event gets closer, according to Litecoin’s...
SUI mainnet goes live as token sees immediate action on Binance, OKX, others
Major cryptocurrency exchanges around the world are launching trading of the Sui (SUI) token amid the Sui Network’s mainnet launch on May...
3 signs PEPE token is about to trap bulls after 2,000% price rally
New meme-coin Pepe (PEPE) has entered a sharp correction phase after surging by more than 2,000% since its debut a few weeks ago. On May...
What are convolutional neural networks?
Several types of convolutional neural networks exist, including traditional CNNs, recurrent neural networks, fully convolutional networks...
Federal Reserve Raises Interest Rate by 25bps, Insists ‘US Banking System Is Sound and Resilient’
The U.S. Federal Reserve, in conjunction with the Federal Open Market Committee (FOMC), announced on Wednesday that the central bank would...
BRC20 Token Standard Sparks Frenzy in Bitcoin Community With Market Cap Surpassing $95 Million
As of May 3, 2023, the Bitcoin blockchain has witnessed a staggering 3.35 million Ordinal inscriptions, and a new experimental token...
Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles
Bitcoin (BTC) hit daily lows at the May 3 Wall Street open as markets counted down the hours to the Federal Reserve interest rate...
Price analysis 5/3: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Investors seem to have priced in a 25 basis points rate hike by the United States Federal Reserve on May 3. Next, they will look for clues...
SportVerse: Feel the Thrill of Your Favorite Game
PRESS RELEASE. Do you hear the distant roar of numerous stadiums? Are you ready for the next sport challenge? Do you want to resonate with...
White House advisers renew push for 30% digital mining energy tax
The Biden administration has renewed its push for a 30% Digital Asset Mining Energy (DAME) on cryptocurrency miners, part of efforts to...
FTX advisers billed the bankrupt firm for a whopping $103M in Q1
The lawyers and consulting firms assisting cryptocurrency exchange FTX through its bankruptcy proceedings are set to cash in a total of...
NFT art pioneer wants to upload her brain so she can live forever: Josie Bellini, NFT Creator
Who is Josie Bellini? Crypto artist Josie Bellini is most famously identified by her iconic Bitcoin gas mask from Filter. She has become...
Biggest Movers: MATIC Rebounds, as SOL Falls Back Towards Support
Polygon climbed higher in today’s session, as cryptocurrency markets marginally rebounded on Wednesday. The global crypto market cap was...
Global Law Enforcement Agencies Dismantle Darknet Marketplace Monopoly Market, Arrest 288 and Seize $53.4 Million
On May 2, 2023, Europol announced a collaborative effort between law enforcement agencies from the U.S., Europe, the U.K., and Brazil...
AX1 Releases Research on Binance Key Project – Trust Wallet
PRESS RELEASE. AX1 company recently conducted research on the Trust Wallet, a popular cryptocurrency wallet that has gained a significant...
Coinbase going international sparks community reactions: ‘Crypto is global’
Amid regulatory struggles in the United States, crypto exchange Coinbase has decided to expand its business abroad with a global platform....
Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound on Wednesday, as Fed Meeting Looms
Bitcoin rebounded from Tuesday’s losses, as all focus in the market turned to today’s United States Federal Reserve rate...
Bitcoin Cash price remains calm ahead of the Fed decision
Bitcoin Cash price has remained in a consolidation phase in the past few weeks. It remains significantly below the year-to-date high of...
Iran Sets Up Platform to Facilitate Crypto Payments for Imports
Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated...
FBI, Ukraine seize 9 exchange domains on money laundering allegations
Nine digital currency exchanges allegedly aiding and abetting cybercriminals had their domains seized by the United States Federal Bureau...
Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say
Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s...
Breaking the Barriers of Traditional Banking With Digital Assets
Another one bites the dust! The banking industry in the United States is in trouble, and regional banks are feeling the squeeze. A number...
Bitcoin price forecast ahead of the Federal Reserve meeting
Bitcoin finds resistance at $30k The neckline of a head and shoulders pattern provides support The realized HODL ratio suggests investors...
Standard Chartered Analyst: BTC to Surge by $20,000 if the US Defaults on Debt Obligations
Geoff Kendrick, the head of forex research at the banking institution Standard Chartered, recently said that the price of bitcoin is...
Analysts Warn of More Bank Failures, Possible Recession and Global Repercussions Caused by First Republic Bank Collapse
The recent takeover of First Republic Bank, the fourth U.S. bank to fail this year, has awakened concerns about the possible repercussions...
The ABCs of Crypto: Teaching the next generation of Web3 users
“How do we onboard the next billion users into crypto?” This is a question that gets thrown around at crypto conferences and metaverse...
White House advisors renew push for 30% digital mining energy tax
The Biden administration has renewed its push for a 30% Digital Asset Mining Energy (DAME) on cryptocurrency miners, part of efforts to...