A Bank of America survey shows that 58% of fund managers favor gold as a safe haven during trade wars, while only 3% prefer Bitcoin. Institutional investors cite Bitcoin's volatility and lack of crisis-time liquidity as key barriers. As Trump's tariffs fuel uncertainty, gold dominates investment flows.
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Layer 1 blockchain Initia announced an airdrop of 50 million INIT tokens ahead of its mainnet launch. 90% of the tokens will go to testnet participants from 2024, while 4.5% will be distributed to users of partner networks like LayerZero, IBC, and MilkyWay. The remaining 6% will reward social media contributors.
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Larry Fink, CEO of BlackRock, stated that if the U.S. doesn't take control of its national debt, the dollar could lose its status as the global reserve currency to Bitcoin. He highlighted that digital assets, including Bitcoin, might become safer alternatives if economic instability persists.
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Strategy has acquired 22,048 BTC for $1.92 billion, bringing its total reserves to 528,185 BTCβover 2.5% of the total supply. The purchase was funded by selling class A shares and STRK preferred shares. Despite recent volatility, the company remains the largest corporate Bitcoin holder.
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X2Y2 is shutting down its NFT marketplace after a 90% drop in trading volume, down from a peak of $209M in May 2022 to $53.6M in the past year. The project plans to pivot towards crypto AI, focusing on building a decentralized AI platform that offers yield opportunities regardless of market conditions. The native token X2Y2 has also plummeted nearly 90%, with a current fully diluted value of $1.4M.
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Binance launched a feature enabling users to trade between centralized and decentralized exchanges directly from their Binance wallet. The integration supports Ethereum, Solana, Base, and BNB Smart Chain. CEO Richard Teng highlighted the need for regulatory clarity and institutional adoption.
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Stablecoin issuer Circle has enlisted JP Morgan Chase and Citi to support its planned IPO, expected in late April. This follows previous attempts to go public via a SPAC merger in 2021 and a confidential SEC filing in 2024. Circle aims to capitalize on the current crypto-friendly regulatory environment.
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Hut 8 has taken an 80% stake in Trump-backed American Data Centers, rebranding it as the bitcoin mining company "American Bitcoin." The new venture will deploy over 60,000 ASIC machines, with shares rising 6% pre-market despite being down 46% YTD. The partnership marks another crypto move by the Trump family.
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A UK man lost Β£750,000 in a "cryptomugging" after robbers stole his unlocked phone and forced him to transfer funds. Despite security measures, the thieves quickly accessed his crypto apps. Another victim reported similar losses, with both facing unhelpful responses from police.
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Prices of around ten low-cap coins like $ACT, $DEXE, and $HIPPO fell by up to 50%. The Data Nerd confirmed the sale of meme tokens by Wintermute, while some traders speculate that forced liquidations and margin restrictions on Binance might be the cause. Wintermute's CEO denies involvement, calling the situation "crazy."
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A trader lost $3.79M after Binance unexpectedly changed leverage and margin tiers for tokens like $ACT, causing liquidation at $0.1877. The update, affecting USDβ-M perpetual contracts, led to a 46% drop in $ACT, with broader impacts on AI-related altcoins.
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Crypto payments platform UPCX halted deposits and withdrawals after detecting unauthorized access to a management account, potentially resulting in a $70 million loss. The breach involved modifying smart contract permissions to move 18.4 million UPC tokens.
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Eric Trump praised Bitcoin as a top store of value and a hedge against real estate, citing its liquidity and decentralized nature. He expressed support for clearer crypto regulations and believes US stablecoins could help maintain the dollar's dominance.
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Tether boosts BTC reserves with 8,888 BTC purchase
Tether acquired 8,888 BTC ($735M) in Q1 2025, raising its total to 92,647 BTC ($7.64B), becoming the 6th largest holder. While the move aligns with Tetherβs quarterly strategy, it raises concerns over USDTβs stability due to BTCβs volatility.
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Tether acquired 8,888 BTC ($735M) in Q1 2025, raising its total to 92,647 BTC ($7.64B), becoming the 6th largest holder. While the move aligns with Tetherβs quarterly strategy, it raises concerns over USDTβs stability due to BTCβs volatility.
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FTX plans to begin paying major creditors on May 30, using its $11.4B cash reserves. Smaller creditors started receiving distributions in February. The plan, approved last year, aims to return 119% of holdingsβ value as of FTXβs bankruptcy filing in November 2022.
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Coinbase revealed that an employee may have accessed user data without permission, potentially exposing customers to phishing risks. The incident follows reports of a rise in phishing scams, with over $46 million lost last month.
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Wang Chun, co-founder of F2Pool, became the first known crypto figure to reach orbit, leading the Fram2 mission aboard SpaceXβs Dragon Resilience. The mission aims to conduct 22 scientific experiments related to long-term space exploration and human health.
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British authorities retrieved $671,000 in stolen crypto using the Proceeds of Crime Act, marking a legal first. The funds, taken from an 80-year-old man, were traced and repatriated thanks to recent amendments allowing crypto wallet freezing orders.
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The Binance-backed stablecoin FDUSD dropped to $0.95 after Tron founder Justin Sun accused First Digital Trust of insolvency, claiming it couldnβt redeem client funds. The issuer denied the allegations, stating that FDUSD is fully backed by U.S. Treasuries and called Sun's statements a smear campaign. The stablecoin has since partially recovered to $0.97, but uncertainty remains.
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Jupiter, a leading Solana-based DEX, has acquired NFT platform DRiP Haus as part of its plan to build a Solana βSuper App.β The DRiP Haus team will continue to operate independently while integrating NFT tools into Jupiterβs platform. The move signals Jupiter's belief in the long-term potential of NFTs, despite recent skepticism in the market.
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