Crypto News
Ethereum Flat as Devs Prepare for Hooli Testnet Ahead of Pectra Upgrade
Ethereum’s biggest upgrade since The Merge is entering a new phase of testing. If Hooli is successful, Pectra could hit mainnet as early as April 25.Source link
California Man Sentenced for Using Bitcoin To Launder Dark Web MDMA Profits
The arrest came as part of Operation Crypto Runner, a joint-agency multi-year investigation targeting crypto money launderers in the U.S.Source link
Crypto.com Expands UAE Footprint With License to Offer Derivatives
Crypto.com has received a limited license from Dubai’s Virtual Assets Regulatory Authority (VARA) to offer derivative products such as futures and perpetual swaps, marking a major step forward in its global expansion strategy. Dubai’s VARA Grants Crypto.com Approval to Launch Derivatives Products Crypto.com has secured a limited license from Dubai’s Virtual Assets Regulatory Authority (VARA),Source link
ZKsync Sunsets Liquidity Rewards Program, Citing Bearish Market Conditions
Layer-2 network ZKsync has announced that it will be sunsetting the Ignite Program, which rewarded users for providing liquidity, due to bearish market conditions."After careful consideration, the DeFi Steering Committee (DSC) has decided to not renew Ignite for Season 2 and will be sunsetting the program starting March 17th, 2025 by turning off rewards for period 6," ZKsync posted on X.It added that the long-term vision is centered around the Elastic Network, which is composed of multiple chains within the ZKsync ecosystem."Unfortunately we’re navigating a bearish market right now. In line with many other ecosystems, ZKsync has decided to be more conservative with spend in the short to medium term in response to these evolving conditions," it added. "To stay...
Gold’s Historic Rally Leaves Bitcoin Behind, But the Trend May Reverse
Spot gold surpassed $3,000 an ounce for the first time before retreating to $2,990. Gold futures for April delivery also broke the $3,000 mark on Thursday.The precious metal is now up over 15% this year, driven by strong ETF inflows, geopolitical uncertainty, and continued concerns over U.S. equities amid ongoing tariff discussions by former President Donald Trump.Meanwhile, gold priced in British pounds has yet to reach its all-time high of £2,363, currently sitting around £300 below that level.Charlie Morris, founder of ByTree and manager of the BOLD ETF, which includes both bitcoin and gold, has observed a divergence between gold and bitcoin ETFs and expects this trend to reverse soon.“In the last 30 days, gold ETFs have seen $10 billion...