24/7 Blockchain industry dynamics and breaking crypto news
Bitfarms reported a significantly widened annual net loss of $284.5 million, yet its stock price rose over 6%. While Bitcoin's price decline and high costs hurt profitability, investor optimism is fueled by the company's strategic pivot towards AI and high-performance computing.
Read MoreThe platform has responded to community concerns about high fees in certain markets. They admitted a technical error in adjusting the fee curve and have now corrected it by removing a distorting index and standardizing calculations. They claim to offer among the lowest fees and suggest using limit orders for cost-free trading.
Read MoreA Kraken user lost 8,662 ETH (worth ~$18.19M) in a sophisticated social engineering attack. The thief converted part of the funds to BTC via cross-chain and deposited all assets into a major exchange, highlighting critical security vulnerabilities for individual holders.
Read MoreHong Kong's first licensed stablecoin issuances, originally scheduled for March 2026, have been delayed. The Monetary Authority is accelerating approvals and will announce progress soon, aiming to foster fintech innovation under regulated frameworks.
Read MoreForeign central banks have reduced U.S. Treasury holdings to the lowest level since 2012. To stabilize currencies amid geopolitical tensions, multiple banks sold billions in bonds, with Turkey alone offloading $22 billion. Analysts warn of significant pressure from supply shocks reshaping global reserve strategies.
Read MoreOn-chain monitoring reveals that on April 1st, two newly created wallet addresses jointly withdrew a total of 9,519 ETH from the WhiteBit exchange, valued at approximately $20 million. This significant movement highlights potential strategic shifts by large holders.
Read MoreJapanese media reports indicate the government is considering an additional release of strategic petroleum reserves in May, responding to ongoing Middle East conflicts that threaten global energy stability and supply chains.
Read MoreMagic Eden's native wallet will enter export-only mode on April 1, with complete termination on May 1. Users must back up private keys or seed phrases to avoid asset loss. The wallet has been removed from app stores as the platform shifts focus.
Read MoreSpaceX is advancing plans for a massive IPO, code-named 'Apex', with a valuation target of $1.75 trillion. A consortium of 21 banks, including major Wall Street players, has been assembled to underwrite the offering, signaling one of the most complex and anticipated market debuts in recent history.
Read MoreSpot gold prices surged on Wednesday, decisively breaking through the key $4,700 per ounce level with a 0.7% intraday gain. This marks the first time the precious metal has reached this price point in nearly two weeks, highlighting renewed investor interest.
Read MoreARK Invest, led by Cathie Wood, has added OpenAI stakes to several of its ETFs including ARKK, ARKF, and ARKW. This move provides retail investors exposure to the leading private AI company. ARK had previously invested via venture funds and made additional commitments, reflecting strong conviction in OpenAI's long-term potential.
Read MoreAsian markets opened sharply higher on April 1st, fueled by a strong overnight rally on Wall Street. South Korea's KOSPI index surged 5.3% at the open, while Japan's Nikkei 225 also posted significant gains, signaling robust momentum across the region.
Read MoreThe White House announced that President Trump will deliver a national address Thursday morning, providing key information on the Iran situation. This address comes amid heightened regional tensions and is expected to outline U.S. stance and next steps.
Read MoreBenchmark initiates coverage on a leading tokenization infrastructure platform, labeling it a 'picks and shovels' opportunity. The report highlights its dominant US market share, key partnerships, and path to public listing via merger, issuing a Buy rating.
Read MoreA Federal Reserve official warns that rising energy costs due to Middle East tensions could prolong elevated U.S. inflation near 3%. He cautions against viewing such price shocks as temporary, stressing their lasting impact amid already persistent inflation.
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