A recent survey by crypto investment platform Bitpanda reveals a significant disconnect between European financial institutions and investor demand for digital assets. Despite over 40% of business investors already holding cryptocurrencies—and another 18% planning to invest soon—only 19% of surveyed institutions report seeing strong client demand for crypto services. The survey, which included 10,000 retail...
In a landmark move bridging traditional banking and blockchain technology, Vantage Bank and Custodia Bank have jointly launched Avit—the first U.S. bank-backed stablecoin built on the Ethereum network. Announced on March 25, Avit operates as an ERC-20 token and is fully backed 1:1 by U.S. dollars, marking a significant step toward regulatory-compliant digital asset integration...
Aleksei Andriunin, founder and CEO of the Gotbit market-making platform, has agreed to forfeit approximately $23 million in Tether (USDT) and USD Coin (USDC) as part of a plea agreement with U.S. federal prosecutors in Massachusetts. The Russian national will plead guilty to three counts of conspiracy to commit wire fraud and market manipulation, according...
Bybit CEO Ben Zhou addressed the recent $4 million loss suffered by decentralized exchange (DEX) Hyperliquid due to a high-leverage Ether trade, acknowledging that centralized exchanges (CEXs) face similar challenges in handling liquidation risks. On March 12, a crypto trader walked away with $1.8 million, forcing the Hyperliquidity Pool (HLP) to absorb a $4 million...
Ether has declined over 53% since December, with analysts warning of further losses amid trade war concerns and persistent ETF outflows. The cryptocurrency continues to struggle against macroeconomic pressures, including U.S. import tariffs and a lack of builder activity on the Ethereum network, leading to prolonged selling pressure. TradingView data indicates that Ether’s downward trend...
The total value locked (TVL) in decentralized finance (DeFi) protocols has erased all gains made since the November 2024 U.S. presidential election, reflecting a broader shift in market sentiment. Following Donald Trump’s victory, DeFi TVL surged to $138 billion by Dec. 17 but has since retracted to $92.6 billion as of March 10, according to...
Coinbase has deepened its connection to former U.S. President Donald Trump by appointing his 2024 co-campaign manager, Chris LaCivita, to its Global Advisory Council. The cryptocurrency exchange announced on January 29 that LaCivita would join the council alongside former U.S. Senator Kyrsten Sinema, former New York Fed President Bill Dudley, and former Colombian Ambassador to...
Uniswap and Ledger Partner to Simplify Token Swaps in Ledger Live Uniswap Labs and Ledger have joined forces to streamline the token trading experience by enabling swaps directly within Ledger Live. This integration allows users to trade on Uniswap while keeping their assets secured by Ledger’s hardware wallets, eliminating the need to leave the Ledger...
Bybit CEO Ben Zhou has confirmed that users in mainland China can access the platform by using virtual private networks (VPNs), even though the crypto exchange will not be supporting yuan trading anytime soon. Speaking during a media briefing on Dec. 3, Zhou stated that Bybit has no intention of accepting China’s local currency but...
Bitcoin ETFs and crypto stocks notched an impressive $38 billion in trading volume this week as investor excitement surged following Donald Trump’s election victory. Bitcoin itself hit a new all-time high of $89,000 on Tuesday, with exchange-traded funds (ETFs) and related stocks such as MicroStrategy and Coinbase following suit in their own record-breaking rallies. Senior...
