Crypto News
Glassnode Data Shows Seller Exhaustion Emerging in Bitcoin, Ethereum Markets
President Donald Trump’s “Liberation Day” tariffs triggered a global financial rout last week, with bitcoin plunging to $74,500 and ethereum to $1,380—their lowest since early 2023—according to an April 9 Glassnode report. Researchers Ukuriaoc and Cryptovizart linked the sell-off to tariff-induced liquidity strains and a faltering U.S. dollar, deepening digital assets’ broad-based contraction. Glassnode Report:Source link
Tokenized Gold Nears $2B Market Cap as Tariff Fears Spark Safe Haven Trade
As risk assets including cryptocurrencies struggled on Thursday amid tariff uncertainties, tokenized gold once again emerged as an outperformer in the carnage.The market capitalization of gold-backed tokens swelled to just under $2 billion on Wednesday, up 5.7% over the past 24 hours, according to CoinGecko data. The rise coincided with the yellow metal briefly touching a fresh all-time above $3,170/oz, TradingView shows. Alongside the price rally, gold tokens experienced a frenzy of activity and demand over the past weeks, fueled by the broader market turmoil. Weekly tokenized gold trading volume surpassed $1 billion, the highest since the U.S. banking turmoil of March 2023, according to a report by digital asset platform CEX.IO.The two largest tokens, Paxos Gold (PAXG), Tether Gold...
ChatGPT Gets Total Recall: OpenAI’s Memory Upgrade Remembers Your Whole Chat History
OpenAI’s ChatGPT can now reference all past conversations to create more personalized responses—which is both convenient and scary.Source link
Bitcoin Seesaws Despite Tariff Truce and Cooling Inflation
The digital asset surged to $83K late Wednesday on news of President Donald Trump’s 90-day tariff pause. But even lower inflation couldn’t curb its descent back to $79K Thursday morning Tariff Pause and Lower Inflation Fail to Steady Bitcoin’s Choppy Trading Bitcoin roared past $83K late Wednesday after President Donald Trump declared a 90-day pauseSource link
DOJ Crypto Enforcement Memo Has No Bearing on Do Kwon’s Criminal Case, Prosecutors Say
NEW YORK, NY — A recent U.S. Department of Justice staff memo dismantling the DOJ’s crypto unit and narrowing the scope of its crypto-related enforcement priorities will have no impact on the prosecution of Terraform Labs co-founder and former CEO Do Kwon, prosecutors said Thursday.The memo, sent Monday evening by U.S. Deputy Attorney General Todd Blanche, informed staff that the DOJ would no longer be pursuing prosecution against crypto exchanges, mixing services, or offline wallets for the acts of their end users. Blanche told staff not to criminally charge any violations of federal securities or commodities laws, except under specific circumstances, in cases where the charges would “require the to litigate whether a digital asset is a ‘security’ or...