The blockchain gaming sector experienced a mixed performance in the first quarter of 2025, with a notable rise in deal volume but a sharp decline in total funding. Web3 gaming projects raised $91 million in Q1 2025, marking a 71% drop from the previous quarter and a 68% decline year-over-year, according to DappRadar’s latest State […]
DappRadar: Blockchain Gaming Sees More Deals but Less Capital in Q1 2025 Read More »
President Donald Trump on Thursday signed a resolution to overturn an Internal Revenue Service (IRS) rule that would have required certain crypto brokers, including decentralized finance (DeFi) platforms, to report customer transactions to the tax agency. The move marks a major rollback of a Biden-era tax reporting measure and further signals Trump’s alignment with the
Trump Signs Law Scrapping IRS DeFi Broker Rule, Reversing Key Biden-Era Policy Read More »
Key Takeaways: A 90-day tariff pause announced by President Trump helped stabilize the market after retaliatory tariffs drove Bitcoin down from $84K to a five-month low of $74K. The recovery was aided by technical support near Bitcoin’s 365-day moving average at approximately $76.1K. Despite this technical rebound, overall investor sentiment remains weak. Looking ahead, Bitcoin
Crypto Prices Rally on US Tariffs Pause; Bullish Conditions Yet to Improve: CryptoQuant Read More »
The Russian logistics firm ETE Group has asked Prime Minister Mikhail Mishustin to let domestic firms use crypto as a payments tool in overseas trade deals. Per Gazeta.ru, ETE wrote to Mishustin to ask him to “develop a regulatory framework for settlements with foreign suppliers in digital currencies, including cryptocurrency.” ETE said it wanted the
Russian Logistics Firm Asks Moscow to Legalize Crypto Payments Read More »
Key Takeaways: Senator Chris Murphy claims President Donald Trump uses his meme coin to move undisclosed funds. The use of blockchain for this purpose raises questions about transaction visibility. The controversy adds fuel to discussions on digital asset regulation and political finance oversight. Senator Chris Murphy (D-CT) reignited controversy on April 9 by accusing Donald
Senator Chris Murphy Accuses Trump of Running Crypto Backdoor Bribery Scheme Read More »
Key Takeaways: The lawsuit seemingly accuses Musk of launching a multi-front attack to derail OpenAI’s progress. According to the filing, Musk allegedly walked away from OpenAI after it refused to absorb into Tesla, failed to fulfill a $1B pledge, and swiftly founded xAI. The legal battle is unfolding against a backdrop of Musk’s growing political
OpenAI Countersues Elon Musk, Setting Stage For Legal Battle Read More »
Key Takeaways: Bybit’s focus on offering deeper liquidity and better spreads for retail traders helped accelerate its recovery and enhance retail dominance over other CEXs. Despite the hack, small to mid-cap altcoins maintained strong trading volume. The hack’s impact on Bybit was mitigated by broader global events, enabling a faster recovery in Bybit market share.
Bybit’s Market Share Rebounds by 7% After February Hack Read More »
South Korean police have raided a suspected illegal gambling den whose operator claimed it was a center for crypto mining. The news agency Yonhap and the media outlet Asia Kyungjae reported that Gwangsan Police Station in Gwangju, South Jeolla Province, announced on April 9 that officers are questioning the alleged den’s operator. Officers are holding
South Korean Police Raid ‘Illegal Gambling Den Disguised as Crypto Mining Center’ Read More »
Key Takeaways: Total Bitcoin spot trading volume on crypto exchanges declined from a high of $44 billion on Feb. 3, to $10 billion at the end of Q1. Binance’s share of total daily Bitcoin spot trading volume increased from 33% on February 3 to 49% by the end of Q1. Bitcoin prices showed increasing volatility,
Bitcoin and Altcoin Spot Trading Volumes Decline Amid Market Volatility: CryptoQuant Read More »
Key Takeaways: China’s latest tariff hike is in direct response to the U.S. imposing higher tariffs on Chinese goods. Tariff increase caused a drop in Bitcoin’s value, falling below $76,000, as markets reacted to fears of a prolonged trade conflict. Both traditional and crypto markets are experiencing heightened volatility, with investors concerned about the potential
China Hits Back With 84% Tariffs on U.S. Goods, Bitcoin Drops to $76K Read More »
