Author: James Wilson

Data from analysts shows even big crypto whales have their off days, with one losing over $15.5 million on a bad run with the TRUMP memecoin. Crypto whales trading the TRUMP (TRUMP) memecoin have been hit hard lately, with some losing millions despite earlier gains, according to data from Lookonchain. In an X post on Friday, March 28, the analysts revealed that one whale sold over 743,940 TRUMP tokens, valued at $7.92 million, for $10.66 each, taking a $3.3 million loss. Per Lookonchain, the whale “only profited on his first TRUMP trade,” adding that “the next three were all losses”…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Global commerce is expanding rapidly while the traditional payment systems remain outdated, expensive, and slow. Both companies and individuals struggle with high transaction fees and long settlements, and some even have very limited access to the banking systems. People and businesses have been relying on outdated and inefficient systems for transferring money across borders for decades before the emergence of cryptocurrencies, specifically stablecoins. The main problems with traditional banking and financial service providers are payment delays, high…

On Mar. 26, an open letter signed by 34 crypto companies urged the U.S. senators and congressmen to correct the code interpretation by the Department of Justice, where the DOJ suggested that web3 developers like the Tornado Cash team were involved in “unlicensed money transmitting business” simply through creating an open-source software. The letter doesn’t mention Tornado Cash or Samourai developers, who were prosecuted for their involvement in the creation of the respective Bitcoin mixer platforms. However, the letter is based on the Tornado Cash case. It saw the light of day following the recent removal of economic sanctions applied…

Despite its broader cost-cutting push, Julius Baer appears to be signaling an ongoing focus on digital assets with a key crypto hire. Swiss wealth management group Julius Baer is cutting costs under its new CEO Stefan Bollinger, but the bank seems to be keeping an interest in digital assets by hiring crypto specialist Michael Martin, who has joined as a client advisor in Zurich, focusing on digital assets. In a LinkedIn announcement, Martin said he’ll be advising clients “with needs in the area of digital assets.” “I look forward to supporting our clients — whether they value our deep experience…

CRO rallied as high as 17% after the US SEC formally concluded its investigation into Crypto.com. However, most of these gains were quickly erased amid broader market uncertainty. According to crypto.news data, Cronos (CRO) jumped from $0.097 to as high as $0.114 on Mar. 28 before cooling off to around $0.1064 later in the day during Asian trading hours. Its market cap hit $2.94 billion, and daily trading volume spiked by 71%, with about $138 million worth of CRO changing hands. CRO got a boost as the community turned bullish after Crypto.com announced that the United States Securities & Exchange…

Today, U.S. spot Bitcoin exchange-traded funds have extended their daily inflow streak to 10 consecutive days, led by Fidelity’s FBTC and BlackRock’s IBIT. On Mar. 27, U.S. spot Bitcoin (BTC) ETFs recorded a net inflow of $89.06 million, marking a 10-day consecutive inflow streak, according to SoSoValue data. This was led by Fidelity’s FBTC ETF, which saw the highest net inflow of $97.14 million. Following FBTC, BlackRock’s IBIT, the largest spot BTC ETF by net assets, recorded an inflow of $3.97 million. The total net daily inflows were negated by outflows from Invesco’s BTCO ETF and WisdomTree’s BTCW ETF, which…

Bitcoin’s next breakout will likely require more than just liquidity growth, as analysts question its impact. Bitcoin (BTC) may stay in consolidation as analysts question whether liquidity growth alone can drive a rally, noting that while global liquidity often rises alongside BTC’s price, the connection might not be as strong as some traders think. In an X post on Friday, March 28, Matrixport’s analysts noted that when central banks expand the money supply, some of that liquidity eventually flows into crypto markets. However, they cautioned that this doesn’t guarantee higher Bitcoin prices, as the relationship lacks a strong theoretical foundation.…

Terraform labs, the Singapore-based company behind the Terra blockchain and its associated cryptocurrencies TerraUSD and Luna, is launching a crypto asset loss claim portal on March 31—claims to be submitted by April 30. On Mar. 28, Terraform labs announced that the Crypto Loss Claims Portal will be open on March 31, with the requirement for creditors to submit their claims and supporting documents via the portal by 11:59 p.m. ET on Apr. 30. The claim amounts will be calculated based on Eligible Loss Cryptocurrency holdings. Crypto assets with on-chain liquidity under $100, as well as certain other holdings such as…

HashKey and Bosera are launching tokenized money market ETFs in Hong Kong, offering blockchain-based access to stable cash management. Cryptocurrency exchange HashKey, in collaboration with Chinese asset manager Bosera, is set to launch two tokenized money market exchange-traded funds in Hong Kong in a bid to offer low-risk, liquid investment products. The ETFs, called the Bosera HKD Money Market ETF and the Bosera USD Money Market ETF, are expected to offer investors blockchain-based access to low-risk, liquid investment products, and have already been approved by the Hong Kong Securities and Futures Commission, according to a Mar. 28 press release. In…

Over 100,000 customers of cryptocurrency exchange Gemini may be at risk after a threat actor allegedly listed a trove of personal user data, including names, emails, phone numbers, and locations, for sale on the dark web. According to a Mar. 27 blog from The Dark Web Informer, a cyber threat intelligence platform, a user operating under the alias “AKM69” claims to have gotten their hands on a massive cache of Gemini user data. The post says the database includes around 100,000 individual records, mostly from the United States, with a few entries tied to users in Singapore and the UK.…