Crypto News
Trump’s Tariffs Stir Emergency Rate Cut Bets as Recession Fears Mount
Speculation surrounding a potential emergency rate cut by the Federal Reserve has grown more fervent, fueled by escalating anxieties over an economic slowdown catalyzed by U.S. President Donald Trump’s trade battle. Speculators Bet on Emergency Rate Trump’s declaration of broad tariffs targeting global trading partners has rattled financial markets, triggering a steep Wall Street downturnSource link
CoinDesk 20 Performance Update: HBAR Gains 8.6% as Nearly All Assets Trade Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2309.92, up 2.5% (+55.35) since 4 p.m. ET on Monday.Nineteen of the 20 assets are trading higher.Leaders: HBAR (+8.6%) and APT (+5.6%).Laggards: FIL (+0.0%) and AAVE (+1.4%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link
93% of WazirX Creditors Greenlight Post-Hack Recovery Plan
WazirX creditors overwhelmingly backed a restructuring deal seeking to repay users after last year’s $235 million exploit.Source link
Bitget Launches Bitget Onchain to Give CEX Users Early Access to Promising On-chain Assets
This content is provided by a sponsor. PRESS RELEASE. Victoria, Seychelles, 8th April 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, unveils Bitget Onchain — a groundbreaking innovation that bridges the best of CEX and DEX. By combining the speed, security, and simplicity of centralized platforms with direct access to emerging on-chain assets,Source link
Ripple to Acquire Prime Broker Hidden Road for $1.25B, Expanding Institutional Push
Ripple has agreed to acquire multi-asset prime brokerage firm Hidden Road for $1.25 billion, marking one of the largest M&A deals in the digital asset industry to date.CoinDesk reported that Hidden Road was in active takeover talks last week. Hidden Road clears over $3 trillion annually across foreign exchange, derivatives, digital assets, and fixed income markets, with more than 300 institutional clients, according to a press release announcing the deal.The announcement didn't specify the funding terms of the deal.“With the U.S. market finally opening up and digital assets maturing for institutional adoption, this is an inflection point,” Ripple CEO Brad Garlinghouse said in a statement. “We are accelerating our expansion, leveraging XRP and our broader solutions to bring traditional finance...