Quick Summary: Bitcoin climbed 2.6% past $72,000 after the US and Iran announced a two-week ceasefire, ending a period of heightened geopolitical tension. Bitcoin crossed the $72,000 mark for the first time in 20 days on Tuesday following a ceasefire agreement between the United States and Iran. The cryptocurrency reached $72,339 in the hour after the announcement, according to CoinMarketCap. The move represented a 2.6% gain within that period. The last time Bitcoin had traded at this level was March 18.Donald Trump announced the truce in a post on Truth Social, stating he agreed to suspend bombing and attacks on…
Author:
Quick Summary: Bitcoin climbed to $72,700 and oil prices dropped over 10% after former President Donald Trump announced a two-week cease-fire with Iran. Bitcoin rose sharply to $72,700 following an announcement by former President Donald Trump of a two-week cease-fire with Iran. The news triggered a broad rally across cryptocurrency markets and U.S. stock futures. Investors responded quickly to the development, pushing risk assets higher as geopolitical tensions appeared to ease.Oil prices fell sharply in response to the cease-fire announcement, with West Texas Intermediate crude dropping more than 10% to approximately $95 a barrel. The decline reflected reduced concern among…
Quick Summary: Federal prosecutors argue a recent Supreme Court copyright ruling has no bearing on Ethereum developer Roman Storm’s pending money laundering retrial. Roman Storm, a developer associated with the cryptocurrency mixing service Tornado Cash, faces a second trial after federal prosecutors moved Tuesday to dismiss his latest bid for case dismissal. In a three-page letter addressed to federal judge Katherine Polk Failla, attorneys for the Department of Justice argued that a recent Supreme Court ruling cited by Storm’s legal team has no relevance to his criminal proceedings. The letter signals that the government intends to press forward with its…
Quick Summary: Stabble’s TVL fell 62% after its new team urged users to withdraw funds following reports its former CTO was identified as an alleged North Korean hacker. Stabble, a decentralized exchange built on Solana, has urged its users to immediately withdraw their liquidity after the platform’s new management team learned that its former chief technology officer had been identified as an alleged North Korean hacker. The warning triggered a sharp 62% decline in the protocol’s total value locked on Tuesday. According to data from DeFiLlama, Stabble began the day with approximately $1.75 million in TVL, which fell to under…
Quick Summary: Seven House members demand answers from CFTC Chair Michael Selig over alleged insider trading on prediction markets tied to US military actions. Seven members of the US House of Representatives have sent a formal letter to Commodity Futures Trading Commission Chair Michael Selig, pressing the agency to explain its handling of suspected insider trading on prediction markets and event contracts linked to wars and military conflicts. The letter, dated Monday, raises pointed questions about the CFTC’s willingness and capacity to police these markets. Lawmakers set a deadline of April 15 for Selig to respond to six specific questions.The…
Quick Summary: AAVE drops to its lowest price since July 2024 after risk management firm Chaos Labs announces its departure from the Aave DAO. AAVE, the native token of the decentralized lending protocol of the same name, has fallen to its lowest level in nearly two years. The Ethereum-based token dropped to $86.15 on Tuesday before recovering slightly to around $89.12. That still represents a decline of roughly 17% over the past month and a fall of more than 86% from its 2021 all-time high of $661.69.A significant share of those recent losses followed an announcement by Chaos Labs, a…
Quick Summary: U.S. stocks and bitcoin rose after reports that Iran and President Trump are reviewing a Pakistani proposal for a two-week cease-fire. U.S. stocks and bitcoin moved higher late Tuesday following reports that Iran and President Trump are both reviewing a cease-fire proposal put forward by Pakistan. The reported proposal calls for a two-week halt to hostilities. Financial markets responded positively to the news, reflecting investor hopes that a deal could reduce geopolitical tensions.Bitcoin climbed back above $69,000 during the session, moving alongside equity markets as optimism over the potential cease-fire spread. The cryptocurrency’s gains mirrored broader market sentiment,…
Quick Summary: Bitcoin drops 2% to $68,557 as U.S.-Iran tensions spike oil above $115 a barrel and technical indicators point toward further crypto losses. President Donald Trump issued a stark warning on Tuesday via Truth Social, stating that a civilization would be destroyed unless Iran complied with U.S. demands by 8 p.m. ET. The ultimatum called on Iran to reopen the Strait of Hormuz, which has been blocking roughly one-fifth of the world’s oil supply since late February. Iran had previously rejected a ceasefire proposal from the United States. International bodies, including the International Committee of the Red Cross, have…
Quick Summary: The FDIC has proposed rules implementing stablecoin regulations under the GENIUS Act, excluding token holders from deposit insurance protections. The Federal Deposit Insurance Corporation released a set of proposed rules on Monday aimed at implementing stablecoin regulations under the GENIUS Act, legislation signed into law by President Donald Trump last summer. The proposal establishes a regulatory framework for FDIC-supervised payment stablecoin issuers and banks involved in stablecoin-related activities. It covers reserve asset standards, redemption processes, capital requirements, and risk management obligations.A central element of the proposal is the explicit exclusion of stablecoins from deposit insurance protections. Deposits held…
Quick Summary: Morgan Stanley’s spot Bitcoin ETF is set to debut with a 0.14% expense ratio and backing from 16,000 in-house advisors, positioning it as a serious competitor in the market. Morgan Stanley’s spot Bitcoin exchange-traded fund is preparing to enter a competitive market as early as Wednesday, following approval from the SEC. Despite launching into a crowded field, the product carries notable structural advantages, according to Bloomberg Senior ETF Analyst Eric Balchunas. The firm, which manages $9.3 trillion in assets, is expected to draw meaningful investor interest through a combination of competitive pricing and internal distribution channels.Balchunas told Decrypt…
