Crypto News

Auto Added by WPeMatico

FDUSD Depegs After Justin Sun Alleges First Digital Is ‘Insolvent’ Amid $456M Dispute

by

First Digital’s stablecoin, FDUSD, slipped almost 10% today, falling below its intended peg after news broke of a lawsuit targeting the company’s CEO. Adding fuel to the fire, Tron founder Justin Sun took to X on Wednesday, declaring First Digital “insolvent.” Stablecoin FDUSD Slips as Legal Action, $456M Allegations Hit First Digital Earlier that same … Read more

Ripple’s RLUSD Stablecoin Nears $250M Market Cap Amid Payments Expansion

by

Ripple has integrated its USD-backed stablecoin, RLUSD, into its Ripple Payments platform to streamline cross-border transactions for enterprise clients, with the asset nearing $250 million in market capitalization since its December 2024 launch. Ripple Adds Enterprise Stablecoin RLUSD to Cross-Border Payment System Ripple Payments, a platform that claims to process billions in transaction volume, now … Read more

Indian IT Firm Jetking to Raise Funds for Bitcoin Treasury Expansion

by

Jetking Infotrain Limited, a Mumbai-based IT education firm, announced plans Wednesday to raise ₹6.6 crore ($793,000) through a preferential share issue to expand its bitcoin reserves and fund cryptocurrency-related initiatives, Chief Financial Officer Siddarth Bharwani confirmed. Jetking Doubles Down on Bitcoin With Preferential Share Issue for Crypto Acquisition The board-approved “Strategic Fund Raise” aims to … Read more

Experts Warn: Africa’s High Crypto Adoption Rate Attracts Cybercriminals

by

Africa is facing a surge in cyberattacks where hackers hijack social media accounts of prominent figures and institutions to promote fake cryptocurrencies. Some experts recommend educational campaigns to teach users how to verify token promotions. Compromised Accounts Used in Crypto Fraud Promotions Africa faces a growing threat from hackers who are hijacking the social media … Read more

BPI Proposes Bitcoin Bonds to Help Pay the $36 Trillion National Debt

by

The Bitcoin Policy Institute predicts that bitcoin bonds, treasury instruments that invest part of their income in bitcoin purchases, would help the U.S. save over $354 billion in the next ten years without considering the possible upside of BTC’s price. Bitcoin Policy Institute Presents Bitcoin Bonds Proposal to Pay the U.S. National Debt As the … Read more

AI Coins Rebound as OpenAI’s $40B Raise Sparks Fresh Momentum

by

Artificial intelligence (AI)-linked cryptocurrencies climbed sharply on Tuesday after OpenAI secured a $40 billion capital injection from Japan’s Softbank, Microsoft, and other investors. With this latest round, OpenAI’s valuation now stands at $300 billion. OpenAI’s $40B Funding Round Lifts AI Cryptos and AI Agent Assets Across the Board AI has returned to the forefront of … Read more

Bitcoin ETFs Face $71 Million Exit Amid Tariff Concerns as Ether ETFs Gain $6 Million

by

Bitcoin ETFs saw a $71 million outflow to start the week, extending Friday’s losses, while ether ETFs added $6.42 million in inflows. Investors may be reacting to economic concerns, including upcoming tariffs from President Trump. Bitcoin ETF Outflows Continue as Investors React to Market Uncertainty Bitcoin ETFs stumbled into the new week, shedding $71.07 million … Read more

$10.1B Floods Into Stablecoins in March — Sector Sees Major Capital Inflow

by

The stablecoin economy expanded notably in March, posting a 4.52% increase over the month. Roughly $10.148 billion flowed into the fiat-pegged sector during the 31-day stretch. March Stablecoin Boom The stablecoin sector has maintained its upward momentum, expanding 15.57% since the beginning of the year with an infusion of $31.590 billion. March alone accounted for … Read more