Polygon NFTs overtake Ethereum collectibles in 7-day sales
Polygon-based non-fungible tokens (NFTs) took the top spot in digital collectible sales after surging 20% in the last seven days. On April 22, NFT data tracker CryptoSlam showed that Polygon NFTs overtook Ethereum, reaching a $22.3 million volume in the past week. This represented 24% of last week’s overall NFT sales volume, which reached $92.9 […]
ECB flags risk of financial contagion from US Crypto push
The European Central Bank (ECB) has raised alarm over the potential fallout from the United States’ aggressive support for the crypto industry, warning that a surge in dollar-backed stablecoins could destabilize Europe’s financial system. According to a policy paper seen by POLITICO, the ECB has asked for a revision of the Markets in Crypto-Assets Regulation […]
Bitcoin risks 10%-15% BTC price dip after key rejection near $89K
Bitcoin (BTC) traders see a BTC price reversal beginning as classic resistance stops bulls in their tracks. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView 200-day moving average keeps BTC price pinned Data from Cointelegraph Markets Pro and TradingView shows BTC/USD cooling after hitting new April highs of $88,874. Having found strength at the start of the week, […]
US judge transfers Binance lawsuit to Florida, citing first-to-file rule
A US judge has granted Binance’s motion to transfer a case involving allegations it facilitated money laundering to the Southern District of Florida due to a similar case that had already been before the courts there. The case, filed in August 2024 in Washington, focused on the same core issue as a suit filed in […]
Law firm urges Metaplex rethink fee sweep or risk ‘extended litigation’
Crypto law firm Burwick Law has called out Solana-based non-fungible token platform Metaplex’s plan to sweep unclaimed Solana (SOL) into its treasury instead of returning it to investors, suggesting it could be at risk of litigation if it follows through with the plan. Last year, Metaplex, an NFT protocol, discovered a way to reduce the […]
KuCoin’s settlement with CFTC in flux after Trump policy shift
A planned settlement between the US Commodity Futures Trading Commission and crypto exchange KuCoin will likely be delayed after a policy shift at the CFTC to deprioritize cases against crypto companies under the Trump administration. CFTC attorney John Murphy submitted a letter on April 21 to District Judge Valerie Caproni, asking for more time to […]
US Bitcoin ETFs clock biggest inflows since January as crypto markets gain
US-based Bitcoin exchange-traded funds (ETFs) had their largest day of net inflows since late January, as crypto markets remained buoyant over the Easter weekend. The 11 Bitcoin (BTC)-tracking funds saw a joint net inflow of $381.3 million on April 21, largely carried by a $116.1 million inflow into the ARK 21Shares Bitcoin ETF (ARKB), according […]
Gibraltar court ends 2-month freeze of 542M PLAY tokens amid legal dispute
The Supreme Court of Gibraltar has reversed its decision to freeze 542 million PLAY tokens in a court battle between two companies tied to the Web3 game-creation platform PLAY Network. In an April 17 judgment, Gibraltar Supreme Court Judge John Restano undid his earlier February freeze of the tokens, finding it could have hurt the […]
US dollar, stocks tumble and crypto gains as Trump amps up pressure on Fed
Crypto markets avoided the fallout caused by US President Donald Trump’s latest salvo against Federal Reserve Chair Jerome Powell, which saw the US stock market slump and the dollar continue to weaken over uncertainty. Stock markets across the United States ended April 21 in the red, with the S&P 500 dropping 2.4%, the tech-heavy Nasdaq […]
WazirX confirms restart on track as it awaits sanction hearing in May
Indian crypto exchange WazirX, which was hacked for $234 million last July, says it is on track to restart its operations pending a May 13 court decision on its restructuring proposal and user compensation plan. If Singapore’s High Court gives the nod, WazirX parent company Zettai PTE Ltd can restart the exchange and begin its […]