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Pantera Capital has invested in The Open Network (TON). “TON has the capacity to introduce crypto to the masses,” according to the venture firm.
The seven-day moving average of total daily Bitcoin transaction fees has fallen back to the same level as Ethereum following a decline in Runes activity post-halving. Average daily transaction fees on Bitcoin surged to a record $25.8 million on April 24 before falling back to $4.1 million on Wednesday.
Jito has become the largest DeFi protocol on the Solana blockchain. Jito now holds 10 million SOL ($1.4 billion) in total value locked.
JPMorgan analysts maintain a ‘cautious’ stance on crypto in the near term due to a lack of positive catalysts and declining retail investor interest.Last month, the analysts said the bitcoin price is expected to fall post-halving as the event was already priced in.
“Over the years, Dogecoin appears to mirror its previous bull cycles! All you need is a little bit of patience,” the analyst argued.
Bitcoin derivatives traders are bracing for a summer slowdown in market activity, according to an analyst.
BTC fell well below the $60K mark, SHIB burn rate experienced a significant increase, while XRP remained steady amid the market havoc.
AltLayer has introduced its restaked ALT (reALT) token as the rollup platform begins the second phase of its staking program. Restaked ALT is an auto-compounding ERC-20 token issued to users staking ALT in AltLayer’s main staking pool.
The U.S. spot bitcoin ETFs recorded their largest net daily outflows on Wednesday, with $563.7 million leaving the funds, according to SosoValue data.Fidelity’s FBTC saw $191 million moved out of the fund, exceeding the $167.3 million net outflow recorded by Grayscale’s GBTC.BlackRock’s IBIT saw its first net daily outflow.
- 04:27Swarms founder: Autonomous hedge funds are coming soon, including proxy trading and other featuresSwarms founder Kye Gomez posted on X that the swarms autonomous hedge fund will be launched soon and announced its preview, including functions such as investing in DAOs, proxy trading, and profit distribution to members.
- 04:26Bitcoin falls as AI industry turmoil drives gains, analysts say initial market reaction may be overdoneDeepSeek’s success points to growing competition from China in artificial intelligence, heightening concerns about whether high valuations for U.S. tech stocks can last. The risk for the cryptocurrency industry is that such anxiety could dampen broader speculative enthusiasm and blunt the boost from Trump’s executive order supporting digital asset regulation. “While cryptocurrency markets remain closely tied to tech sentiment, periods of heightened volatility tend to be temporary and initial market reactions may be somewhat overdone,” Rick Maeda, a research analyst at Presto Research, wrote in a note to clients. Bitcoin’s 30-day correlation with the Nasdaq 100 is about 0.67, according to data compiled by Bloomberg. A reading of 1 indicates that assets move in sync, while a reading of -1 indicates an inverse correlation. Charlie Morris, chief investment officer at ByteTree Asset Management, believes that “it’s becoming increasingly difficult to distinguish between Bitcoin and Big Tech” given that the two companies have moved hand in hand. Despite the executive order and a pullback in the dollar index this year, “Bitcoin has also been unable to hit new highs,” he wrote in a note. Parts of the digital asset market have already been caught in a deep correction. An index tracking the top 100 digital assets has fallen more than 10% since the beginning of the year. (Bloomberg)
- 04:26U.S. Senator Warren puts pressure on Commerce Secretary nominee Lutnick to explain his relationship with TetherOn January 29, U.S. Democratic Senator Elizabeth Warren was pressuring Trump's nominee for Commerce Secretary Howard Lutnick to explain his and his company Cantor Fitzgerald LP's relationship with Tether, raising questions about possible conflicts of interest ahead of Lutnick's confirmation hearing on Wednesday. In a letter to Lutnick on Tuesday, Warren asked about his relationship with Tether Holdings Ltd., including the amount of investment he and Cantor Fitzgerald had made in the stablecoin issuer. She also asked Lutnick to detail any due diligence conducted and whether they had verified whether Tether complied with the "KYC" rules, international sanctions and anti-money laundering laws in the Bank Secrecy Act. Lutnick did not list Tether or any other cryptocurrency investments in his financial disclosure form, but listed assets worth at least $806 million and more than 800 legal entities in which he was involved. Cantor Fitzgerald holds shares in Tether and plays a role in its operations. Lutnick said in his ethics agreement that he would divest all of his holdings in Cantor Fitzgerald and its affiliates if approved by the U.S. Senate. In her letter, Warren questioned whether these measures were sufficient to avoid conflicts of interest, noting Lutnick’s status as a well-known backer of Tether and his relationship with Tether’s billionaire chief financial officer, Giancarlo Devasini. Tether said in a statement that it complies with KYC rules and voluntarily cooperates with law enforcement to prevent illegal behavior. Tether denies any ties to criminals and says it is working with law enforcement to freeze proceeds from illegal activity. In addition, Warren wants Lutnick, co-chair of the Trump transition team, to describe any discussions he has had with new administration officials about Tether. She also noted that Lutnick maintains a personal relationship with his company (his two sons work at Cantor Fitzgerald Group) and is concerned that Lutnick could continue to exert control after divesting his holdings. (Bloomberg)