Crypto News
SPAC Backed by Anthony Pompliano and Brent Saunders Files for IPO
Anthony Pompliano’s blank-check firm, Procap Acquisition Corp., has filed with the U.S. Securities and Exchange Commission (SEC) to raise $200 million in an initial public offering (IPO). Pompliano-Led ProCap to Hunt for Fintech Targets With $200M War Chest Procap Acquisition Corp., incorporated in the Cayman Islands and led by Anthony Pompliano as chief executive officer,Source link
Mango Markets Exploiter Avi Eisenberg Sentenced to 4+ Years in Prison for Child Porn
NEW YORK, NY — Mango Markets exploiter Avraham “Avi” Eisenberg, who stole $110 million from the now-defunct decentralized finance protocol in 2022, was sentenced to 52 months in prison on Thursday — on his guilty plea to possession of child sexual exploitation material, not for his conviction on the crypto theft. The sentencing comes a year after a New York jury found Eisenberg guilty of wire fraud, commodities fraud and commodities manipulation for his Mango Markets stunt, and a year after he separately pleaded guilty to the possession of child sexual abuse material (CSAM), which was found on his devices after his arrest. Defense attorneys moved for either a new trial or an acquittal on the Mango Markets-related charges last year,...
Gold Continues Correcting and That Might Be Good for Bitcoin
What may or may not have been a blow-off top last week in the price of gold appears to have benefitted bitcoin (BTC) and that trend could be set to continue.Already among the best-performing global assets in recent months, gold's rally powered to new heights in the weeks following President Trump's Liberation Day tariffs in early April.The price ultimately peaked above $3,500 per ounce on April 21, with bitcoin at the time changing hands at $87,000 — roughly flat from Liberation Day, but lower by about 20% from its record high hit in January.Since, though, gold has tumbled nearly 10% to its current price just above $3,200 per ounce. At the same time, bitcoin has rallied about 10% to a...
Myriad Moves: Predictions on Strategy’s Bitcoin, Fed Rate Cuts, Pope Conclave and More
Follow what's happening on Myriad Markets' most popular prediction markets, from Strategy’s Bitcoin buys to rate cuts and beyond.Source link
April NFT Carnage: Sales Drop Over 39% as Market Stalls
Although April brought modest gains to the broader crypto economy, data reveals a continued descent in non-fungible token (NFT) sales, which contracted by 39.62% over the past 30 days. Ethereum retained its status as the leading blockchain by NFT sales volume, yet its figures receded by 44.86% compared with the previous month. NFT Sector Pummeled:Source link