News

An NFT trader from faces jail time after pleading guilty to IRS

April 14, 2025 2 mins read

Waylon Wilcox, a 45-year-old man from Dillsburg, Pennsylvania, has admitted to not reporting his income from selling CryptoPunk NFTs to the IRS. This decision allowed him to avoid paying nearly $3.3 million in taxes. He made over $13 million from selling 97 CryptoPunks between 2021 and 2022 but did not include these sales in his tax filings. This case is significant as it is one of the first major instances

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

Top Crypto Analysts Bet Big on These 4 Altcoins—One Could 1000x Before BTC Hits $100K!

April 13, 2025 5 mins read

Leading cryptocurrency experts are spotlighting four altcoins they believe could experience significant growth. One of these digital assets is predicted to surge dramatically, potentially multiplying its value a thousandfold before Bitcoin reaches the $100,000 milestone. This article explores these promising cryptocurrencies and the reasons behind the analysts’ optimistic projections. Undervalued $XYZ Meme Coin Gears Up for Listing on a Major CEX XYZVerse ($XYZ) is the meme coin that has grabbed

Hex Trust Expands Institutional Support for Stacks (STX) and sBTC Amid Growing Adoption

April 13, 2025 3 mins read

Hex Trust, a leading digital assets financial institution specializing in custody, staking, and market services, today announced expanded support for Stacks (STX) and sBTC, Stacks’ decentralized Bitcoin-backed asset, further cementing its role in advancing Bitcoin DeFi adoption. This development follows Hex Trust’s existing partnership with the Stacks Asia Foundation to integrate Stacks-based assets and DeFi on-ramps. With Bitcoin holdings highly concentrated in Asian and UAE markets, Hex Trust is uniquely positioned to

President Trump’s World Liberty Financial moves $775,000 in USDC

April 11, 2025 1 min read

World Liberty Financial (WLFI) recently moved $775,000 in USDC from its main wallet to a secondary wallet that is mainly used for buying altcoins. This transfer was noted by Arkham Intelligence, a data tracking service. The move follows WLFI’s purchase of over 3.54 million Mantle (MNT) tokens on March 23. Just a week earlier, the company had invested $4 million in MNT and AVAX tokens. In addition to MNT and

Rápido, Fiable y Accesible: SimpleSwap se expande en LATAM

April 10, 2025 3 mins read

El panorama de las criptomonedas en América Latina está evolucionando a un ritmo sin precedentes, impulsado por una creciente adopción y una mayor demanda de soluciones financieras eficientes. En medio de esta transformación, SimpleSwap se destaca como una plataforma fluida y confiable, que ofrece transacciones rápidas, opciones de compra de fiat y un programa de lealtad con recompensas. Con siete años de experiencia en el sector, SimpleSwap ha consolidado su reputación entre

Bitcoin falls under $75k

April 7, 2025 1 min read

Bitcoin’s price recently dropped sharply from nearly $83,000 to below $75,000 in just a few hours. This sudden decline led to significant liquidations, erasing around $990 million in leveraged bets. Traders had taken high-risk positions, borrowing funds in anticipation of Bitcoin’s rise. However, the unexpected price fall caught many off guard. Before this crash, Bitcoin had been performing well, even outpacing major stock markets. Some investors viewed it as a

Global markets and cryptocurrencies tumbles as Trump’s tariff escalation sparked fears

April 7, 2025 1 min read

Global markets faced significant losses on Monday after Donald Trump reaffirmed his tough stance on tariffs. This announcement heightened concerns about a potential recession. Stocks dropped sharply, with US futures indicating a 3-4% decline. The Hang Seng index in Hong Kong plummeted over 10%. European and Asian markets also fell as investors sought safer assets, leading to a decrease in bond yields worldwide. Goldman Sachs raised the probability of a

Circle may delay its IPO plans

April 6, 2025 1 min read

Circle, the company behind the USDC stablecoin, is considering delaying its initial public offering (IPO) due to economic uncertainty caused by new U.S. trade tariffs. The Wall Street Journal reports that Circle has filed registration papers with the SEC on April 1 but is now hesitant to proceed. This hesitation is part of a broader trend, as other companies like Klarna and StubHub are also reevaluating their IPO plans in

Pump.fun brings back livestreaming

April 6, 2025 1 min read

Pump.fun, a popular meme coin launchpad on Solana, has reintroduced its livestreaming feature for 5% of users after a suspension due to inappropriate content. Co-founder Alon announced this change on Friday. The platform faced backlash for disturbing content that aired during some streams, prompting a need for new guidelines. To address these issues, Pump.fun has implemented a content moderation policy. This policy aims to protect users and the platform from

The US House Financial Services Committee to regulate stablecoins

April 4, 2025 2 mins read

The House Financial Services Committee has advanced a significant bill aimed at regulating stablecoins, known as the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE). The bill received a vote of 32 in favor and 17 against during a lengthy hearing led by Chair French Hill, who emphasized the need for regulations to maintain global competitiveness in the evolving blockchain landscape. The STABLE bill, introduced by Hill and

BlackRock and the SEC’s new crypto task force to discuss ETF

April 4, 2025 1 min read

This week, BlackRock and the US Securities and Exchange Commission (SEC) held a meeting to discuss changes to the workflows of crypto exchange-traded products (ETPs). The meeting took place on April 1 and involved the SEC’s new Crypto Task Force. The main focus was on the structure and mechanics of crypto exchange-traded funds (ETFs). BlackRock’s team explored the idea of in-kind redemptions. This model allows authorized participants to exchange ETF