Tag: News
Cycle comparison: The post-April 2024 halving cycle is “dramatically” weaker than the 2012, 2016 and 2020 cycles, according to Galaxy head of research Alex Thorn.
Price gains: Bitcoin’s 2025 peak above $125,000 was only 97% above the April 2024 halving price near $63,000, versus 9,294% in 2012, 2,950% in 2016 and 761% in 2020.
Volatility decline: The 30-day Bitcoin Volatility Index now sits at 1.75%, well below the 9.64% peak seen...
RaveDAO’s RAVE token plunges 90% as Binance and Bitget launch manipulation probes
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RAVE token prices plummeted nearly 90% in a 24-hour window, erasing approximately $5.7 billion in market capitalization following a record-breaking rally.
On-chain investigator ZachXBT alleged that 90% of the token supply is controlled by team-linked wallets, claiming coordinated transfers to exchanges triggered a massive short squeeze.
Binance and Bitget have initiated internal investigations into the trading activity after liquidations...
Aave Faces Liquidity Crisis and $280M Bad Debt Following Kelp DAO Exploit
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An attacker drained 116,500 rsETH ($292 million) from the Kelp DAO LayerZero bridge, using the unbacked tokens as collateral to borrow WETH on Aave.
Aave is currently grappling with approximately $280 million in bad debt as the fraudulent rsETH collateral is effectively worthless and unliquidatable.
The protocol’s ETH pool utilization reached 100%, temporarily preventing further withdrawals and sparking over $5.4 billion in total...
MicroStrategy Returns to Profit as Bitcoin Rebound Erases Unrealized Losses
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MicroStrategy’s 780,897 BTC treasury has returned to an unrealized profit after Bitcoin climbed back above the company’s average entry price.The firm’s total holdings are now valued at approximately $59 billion, representing a significant recovery from recent market volatility.
Executive Chairman Michael Saylor reported a “Bitcoin Gain” of 17,585 BTC for the first two weeks of April, reinforcing the firm’s...
Kraken Parent Payward to Acquire Bitnomial for Up to $550 Million, Gaining Full CFTC-Licensed U.S. Derivatives Stack
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Deal terms: Payward will acquire 100% of Bitnomial for up to $550 million payable in cash and stock, valuing the parent company’s equity at $20 billion.
Licenses secured: The transaction gives Kraken control of a fully CFTC-regulated U.S. derivatives platform, including an exchange, clearinghouse and brokerage.
Strategic impact: Bitnomial, the first crypto-native firm to hold the complete suite of CFTC licenses, spent over a decade...
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