Crypto News

Russia’s Central Bank to launch a crypto exchange for “highly qualified investors”

April 24, 2025 1 min read

Russia’s Central Bank and Finance Ministry are set to establish a crypto exchange aimed at “highly qualified investors,” as reported by Interfax. This initiative is part of a broader effort to legalize crypto assets and move crypto operations into a regulated environment. Russian Finance Minister Anton Siluanov emphasized that while the exchange will not operate domestically, it will function under an experimental legal regime (ELR) designed for qualified investors. The

Solana’s PumpSwap DEX surges to $3.45 billion in daily trading volume

April 23, 2025 1 min read

On April 20, 2025, PumpSwap, a decentralized exchange (DEX) on the Solana blockchain, experienced a remarkable surge in trading activity, achieving a daily trading volume of $3.456 billion. This impressive figure positions PumpSwap as the second-largest DEX on the Solana network, trailing only behind Raydium. The platform has rapidly attracted a significant user base, boasting over 200,000 daily active users and capturing an 18.2% market share in the decentralized finance

Solana still dominates blockchain revenue, contributing over 70%

April 23, 2025 0 mins read

Solana, a prominent blockchain platform, has recently experienced a significant decline in memecoin activity, with traffic plummeting by over 80%. Despite this downturn in the memecoin sector, the network’s decentralized applications (dApps) have managed to maintain a strong presence, generating the majority of the blockchain’s revenue. Data from March indicates that Solana’s dApps accounted for 46% of total earnings across all blockchains, and recent reports suggest that they still represent

$10 trillion US brokerage firm to launch crypto trading platform

April 21, 2025 2 mins read

Charles Schwab, a leading US brokerage firm managing over $10 trillion in assets, is set to introduce spot cryptocurrency trading within the next year, according to CEO Rick Wurster. During the company’s Spring Business Update, Wurster expressed optimism about launching this service as the regulatory landscape in the US evolves favorably. He emphasized that Schwab is on a solid path to offering direct spot crypto trading, a plan he initially

Semler Scientific plans to raise $500 million to buy Bitcoin

April 16, 2025 1 min read

Semler Scientific is continuing its investment in Bitcoin, even though it has faced a significant loss of $41.8 million on its Bitcoin assets. This loss comes after Bitcoin prices dropped by 12% in the first quarter of 2025. As of March 31, the company owned 3,182 Bitcoins, which were valued at around $263.5 million. Despite this setback, Semler plans to raise $500 million by selling securities, with the intention of

Alchemy Pay (ACH) price jumps 41% in 24 hours and 51% over the week

April 16, 2025 1 min read

The cryptocurrency market has been struggling lately, but some coins are experiencing notable price increases. One of these is Alchemy Pay’s ACH token, which saw a rise of over 39.12% in just 24 hours. This increase comes after the token had fallen from its earlier high of $0.05805 in February, fluctuating between $0.020 and $0.035 since then. Last week, the price dropped below $0.020 due to a market downturn caused

ZKsync’s ZK token falls 19% after a $5 million theft from its airdrop contract

April 16, 2025 1 min read

The ZK token of ZKsync saw a significant drop of over 18%. It fell from $0.047 to below $0.04 in just one hour. This decline happened after an attacker exploited a compromised admin account and stole around $5 million worth of unclaimed tokens from the project’s airdrop contract. The ZKsync security team confirmed that the admin key linked to the airdrop contract was compromised. However, they assured users that this

Canada Approves First Spot Solana ETFs with Staking Feature

April 15, 2025 1 min read

Canada is set to launch the world’s first spot Solana (SOL) ETFs on April 16, 2025. This follows approval from the Ontario Securities Commission. The announcement comes as Solana’s price surged by 25% in just one week. This increase reflects strong investor interest and heightened network activity, which includes a record 355 million transactions. These new ETFs will differ from traditional crypto ETFs. They will support SOL staking, which could

Kraken exchange now supports equities trading

April 15, 2025 1 min read

Kraken, a cryptocurrency exchange based in San Francisco, has recently introduced U.S. equities trading on its mobile and web platforms. This new feature allows U.S. customers to manage their crypto, stocks, and Wall Street funds all from one account, similar to what brokerages like Robinhood offer. This expansion is made possible through a partnership with Alpaca, a licensed broker-dealer. Customers can now trade over 11,000 stocks and exchange-traded funds (ETFs)

OM token crashes 92% due to forced liquidations by centralized exchanges: MANTRA’s co-founder.

April 15, 2025 2 mins read

John Patrick Mullin, the co-founder and CEO of MANTRA, spoke about the sudden 90% drop in the price of the OM token. He explained that this decline was not due to any actions by the MANTRA team but was instead caused by “reckless forced closures” on centralized exchanges (CEXs) where the token is traded. Mullin pointed out that the crash happened quickly and without warning, suggesting that the exchanges acted

Strategy acquires 3,459 Bitcoin for nearly $286 million

April 14, 2025 1 min read

Michael Saylor’s company, Strategy, recently announced that it bought 3,459 Bitcoin between April 7 and 13, spending an average of $82.618 million. This new purchase increases the company’s total Bitcoin holdings to 531,644 BTC, which is worth nearly $45 billion at current market prices. The company funded this Bitcoin buy using money raised from selling shares in its Common ATM equity offering. During the same period, Strategy sold 959,712 shares

MANTRA (OM) token crashes by over 98%

April 14, 2025 2 mins read

The cryptocurrency token MANTRA (OM) experienced a dramatic drop in value, losing 98% of its worth in just under an hour. This sudden crash caused more than $6 billion to disappear from its market cap, with the price plummeting from nearly $6 to around $0.57. Many traders were unable to react in time to sell their holdings before the value collapsed. As news of the crash spread, users on the