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China’s response to America’s sweeping trade tariffs could result in capital flight to Bitcoin and crypto, according to BitMEX founder Arthur Hayes.“If not the Fed [Federal Reserve], then the PBOC [People’s Bank of China] will give us the Yahtzee ingredients,” said Hayes on X on April 8 in reference to
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Shaurya MalwaShaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET,
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A Nigerian court has reportedly delayed the country’s tax evasion case against Binance until April 30 to give time for Nigeria’s tax authority to respond to a request from the crypto exchange.Reuters reported on April 7 that a lawyer for Binance, Chukwuka Ikwuazom, asked a court the same day to
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Digital asset investment products experienced $240 million in outflows last week, primarily driven by concerns over global economic headwinds. However, blockchain equities attracted $8 million in inflows as investors capitalized on recent price dips. Crypto Fund Outflows Hit $240M, but Blockchain Equities Draw Fresh Inflows Digital asset funds faced $240
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Asset manager Teucrium Investment Advisors is set to launch the first XRP-based exchange-traded fund in the US markets, a leveraged XRP (ETF) on the NYSE Arca.The Teucrium 2x Long Daily XRP ETF will seek to offer investors two times the daily return of the XRP (XRP) token with a
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China eased its grip on the yuan (CNY) on Tuesday, allowing it to depreciate beyond a key level, likely in response to President Donald Trump's aggressive tariffs. Crypto analysts anticipate that the yuan's depreciation could favor bitcoin (BTC), drawing parallels to similar events from a decade ago.Early Tuesday, the People's
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While crypto and stock markets are deep in the red this week, one memecoin is defying the trend and surging at the time of writing. Fartcoin (FARTCOIN) has surged a whopping 30% over the past 24 hours, topping $0.60 on April 8, according to CoinGecko. On April 7, the Solana-based memecoin hit
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Cboe Global Markets plans to roll out a new Bitcoin futures product later this month, subject to regulatory approval. In an Apr. 7 press release, the exchange network, said the new futures contract, called the Cboe FTSE Bitcoin (BTC)
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Artificial intelligence and crypto investment firm Galaxy Digital has been given the nod from the US Securities and Exchange Commission to list on the Nasdaq stock exchange. The company, which is listed on the Toronto Stock Exchange (TSX), plans to relocate its home base from the Cayman Islands to Delaware, according
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