April 16, 2025 – Page 5

Sony’s Soneium taps EigenLayer to cut finality to under 10 seconds

April 16, 2025Uncategorized0

Update April 16, 10:50 am UTC: This article has been updated to clarify the relationship between Astar and Soneium.Astar, a Japanese Web3 adoption collective bridging Astar Network and Soneium, said it has slashed Soneium’s blockchain finality time by over 98%, as it aims to solve one of the biggest challenges in blockchain scalability.Astar announced a...

OKX reenters US market following $505M DOJ settlement

April 16, 2025Uncategorized0

Seychelles-based cryptocurrency exchange OKX announced that it is reentering the US market.According to an April 16 blog post, OKX will return to the United States market along with the appointment of former Barclays director Roshan Robert as its US CEO. Robert said in the post:“Today, I’m thrilled to announce the launch of OKX’s centralized crypto...

Italy finance minister warns US stablecoins pose bigger threat than tariffs

April 16, 2025Uncategorized0

Italy’s minister of economy and finance warned that US stablecoin policies are more concerning than President Donald Trump’s tariffs, citing the potential for these crypto assets to undermine the euro’s dominance in cross-border payments.Speaking at an event in Milan, Giancarlo Giorgetti said that while trade tariffs dominate headlines, new US policies on dollar-backed stablecoins present...

Why is Bitcoin price down today?

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Bitcoin’s (BTC) price has dropped by over 2.5% over the last 24 hours to $83,400 as concerns over tariff impacts continue to sour investor sentiment.BTC/USD daily chart. Source: Cointelegraph/TradingViewSeveral factors are behind Bitcoin’s decline today, including:Sluggish institutional demand as spot Bitcoin ETF flows turn negative.Bullish momentum stalls.Low whale accumulation.BTC price rejection at key trendlines.Negative spot...

Why is the crypto market down today?

April 16, 2025Bitcoin, Bitcoin ETF, BlackRock, BTC price, crypto, dollar, SEC, why is the crypto market down today0

The combined valuation of all cryptocurrencies has fallen by around 3.65%, or $97 billion, in the past 24 hours to reach $2.58 trillion on April 16. TOTAL crypto market cap four-hour performance chart. Source: TradingViewThe top catalysts that are driving the crypto market lower today include:An ongoing tech sector slump.Reports about China potentially dumping $16...

Crypto in a bear market, rebound likely in Q3 — Coinbase

April 16, 2025Uncategorized0

A monthly market review by publicly traded US-based crypto exchange Coinbase shows that while the crypto market has contracted, it appears to be gearing up for a better quarter.According to Coinbase’s April 15 monthly outlook for institutional investors, the altcoin market cap shrank by 41% from its December 2024 highs of $1.6 trillion to $950...

Bitcoin could hit $1M if US buys 1M BTC — Bitcoin Policy Institute

April 16, 2025Uncategorized0

A Bitcoin Policy Institute (BPI) executive floated a $1 million Bitcoin price scenario if the United States were to buy 1 million BTC. In a Bitcoin Magazine podcast, Zach Shapiro, the head of policy for the Bitcoin-focused BPI think tank, said that a 1 million Bitcoin (BTC) purchase by the US would have a massive impact...

Bitcoin Treasury bonds may help US refinance $14T debt — VanEck exec

April 16, 2025Uncategorized0

VanEck’s head of research has pitched a new type of US Treasury bond partially backed by Bitcoin to help refinance $14 trillion in US debt.Matthew Sigel pitched the concept of “BitBonds” — US Treasury bonds with exposure to Bitcoin (BTC) — at the Strategic Bitcoin Reserve Summit 2025 on April 15.The new 10-year bonds would...