Crypto News

Argentine President Javier Milei met the Department of Government Efficiency (DOGE) Head Elon Musk as part of his travel to the U.S. to be part of the Conservative Political Action Conference (CPAC), where he also met President Donald Trump. Milei gave Musk a chainsaw, a symbol of the libertarian state reduction measures that both heSource link

Ethena, developer of the synthetic stablecoin USDe, has raised $100 million to finance a similar token targeted at traditional financial (TradFi) institutions, Bloomberg reported on Monday.The funding round was completed in December, with Franklin Templeton and Fidelity Investments-affiliated F-Prime Capital among the backers, the report added, citing a person familiar with the matter. Founder Guy Young said in a blog post in January that Ethena has plans to roll out iUSDe, a token tailored to regulated financial institutions. Known as a synthetic stablecoin, USDe differs from other tokens in that it is not backed 1:1 by fiat assets. Instead, it maintains its peg by collateralizing stablecoins and taking futures positions with large open interest.USDe's market cap has jumped to around...

By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin and ether, the two largest digital assets by market value, remain largely within their recent trading ranges two days after the $1.5 billion hack of Bybit, one of the top cryptocurrency exchanges.Perpetual funding rates for both are positive, indicating a bias for long positions that benefit from price rises. Bitcoin options trading on Deribit show a bullish bias for call options across all time frames, while those tied to ether show a downside bias into March. The bias for ether puts, however, has been present since well before the hack.Meanwhile, Volmex Finance's 30-day bitcoin implied volatility index has dropped to an annualized 48.45%, the lowest since July, according to charting platform...

Singapore-based Bgin Blockchain Limited has filed with the U.S. Securities and Exchange Commission for an initial public offering (IPO) expected to raise up to $50 million. The company plans to offer approximately 59.54 million Class A ordinary shares and 15.69 million Class B ordinary shares, seeking to list its Class A shares on Nasdaq underSource link

Bitcoin's (BTC) recent narrow price range between $94,000 and $100,000 has perplexed many market participants.While the largest cryptocurrency historically shows strong directional moves followed by months-long consolidations, known as stair-step price movements, this time feels different. Usually consolidations are followed by a breakout. In contrast, now the range has narrowed. In December it was $90,000-$110,000. Attendees at last week’s Consensus Hong Kong shared the sentiment, with some prominent market makers and industry figures suggesting the rampant memecoin frenzy is a key reason behind the lull in BTC and the broader altcoin market, which feels similar to the lackluster price action from seven years ago."The market has been very saturated with memecoin launches, and crypto natives are kind of exhausted by...