Synthetix USD stablecoin loses dollar peg, drops to 5-year low of $0.83
The Synthetix protocol’s native stablecoin, Synthetix USD (sUSD), fell to its lowest value in five years, extending a months-long struggle to maintain its $1 peg. The asset has faced persistent instability since the start of 2025. On Jan. 1, sUSD dropped to $0.96 and only rebounded to $0.99 in early February. Prices continued to fluctuate […]
Jack Dorsey pushes Signal to adopt Bitcoin payments
Jack Dorsey, a cryptocurrency entrepreneur and former Twitter CEO, is encouraging Signal Messenger to integrate Bitcoin for peer-to-peer (P2P) payments, a move that could shift the platform’s crypto strategy away from altcoins. “Signal should use Bitcoin for P2P payments,” Dorsey wrote on X on April 9, replying to a post by Bitcoin developer Calle, who […]
How USDT mints and burns move with Bitcoin price cycles
Over the past decade, issuance of Tether’s USDt (USDT) has consistently mirrored Bitcoin (BTC) price cycles, with mints often clustering around bull runs and burns following corrections. Data from Whale Alert shows the relation between USDT issuance and Bitcoin price movements by plotting Tether’s net minting and burning alongside the price of Bitcoin from 2015 […]
OpenSea urges SEC to exclude NFT marketplaces from regulator’s remit
Non-fungible token marketplace OpenSea has urged the US Securities and Exchange Commission to exclude NFT marketplaces from regulation under federal securities laws. The SEC needs to “clearly state that NFT marketplaces like OpenSea do not qualify as exchanges under federal securities laws,” OpenSea general counsel Adele Faure and deputy general counsel Laura Brookover said in […]
Crypto stocks see big gains alongside US stock market rebound
Crypto stocks have surged as part of a broader recovery in the US stock market on April 9 following President Donald Trump’s 90-day pause on sweeping global tariffs. The Wednesday, April 9 trading day closed with Michael Saylor’s Strategy up 24.76% to $296.86, while crypto exchange Coinbase (COIN) closed up 17% to $177.09, according to […]
Bitwise doubles down on $200K Bitcoin price prediction amid trade tension
Institutional crypto investment firm Bitwise has doubled down on its big Bitcoin price prediction for this year despite escalating global trade tensions. “In December, Bitwise predicted that Bitcoin would end the year at $200,000. I still think that’s in play,” Bitwise chief investment officer Matt Hougan said in an April 9 blog post. He suggested […]
81.6% of XRP supply is in profit, but traders in Korea are turning bearish — Here is why
XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP (XRP) dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates that 81.6% of XRP’s current circulating supply remains in profit. While the profit supply percentage is […]
3 reasons why Ethereum price keeps falling
Ether’s (ETH) most recent sell-off saw it lose the crucial $1,500 support level, and a number of technical indicators suggest that ETH may witness a deeper correction before embarking on a sustained recovery. Data shows Ether’s price dropped below its realized price — an onchain metric that recalculates the market value of a cryptocurrency based […]
SafeMoon boss cites DOJ’s nixed crypto unit in latest bid to toss suit
Braden John Karony, the CEO of crypto firm SafeMoon, has cited the US Department of Justice’s directive to no longer pursue some crypto charges in an effort to get the case against him and his firm dismissed. In an April 9 letter to New York federal court judge Eric Komitee, Karony’s attorney, Nicholas Smith, said […]
Magic Eden acquires crypto trading app Slingshot to move beyond NFTs
Solana non-fungible token (NFT) marketplace Magic Eden has acquired crypto trading app Slingshot as part of a strategy to expand beyond NFTs as other marketplaces fold amid a prolonged market downturn. The move expands Magic Eden’s support to more than 8 million tokens across almost every major blockchain, the firm said in an April 9 […]