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DOJ Charges 12 With $263M Crypto Theft Linked to Genesis Creditor

U.S. Department of Justice (DOJ) has charged 12 individuals for stealing over $263 million in crypto. The individuals are linked to an earlier investigation where scammers were able to siphon off over $243 million from a Genesis creditor. According …

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XRP Slides 4% as Bitcoin Traders Cautious of $105K Price Resistance

XRP fell over 4% in the past 24 hours, leading losses among major cryptocurrencies as the broader market stalls after last week’s sharp rally. Bitcoin continues to hover above $104,000, with traders predicting a steady rise past $105,000, a level now …

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Bitcoin Holds Above $100K, Altcoins Slide as Analyst Sees Crypto Rally Into Summer

The crypto rally took a long-overdue pause on Thursday as traders took some profits following weeks of relentless advance that lifted bitcoin BTC$103,226.02 close to record prices. The consolidation occurred amid a slew of U.S. economic veri releases …

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0x Acquires Competitor Flood in Push to Boost Share of $2.3B DEX Aggregator Market

0x, a decentralized exchange infrastructure firm, announced the acquisition of rival Flood, a move the firm says will help it compete in the hyper competitive aggregation market. Decentralized exchanges — or DEXs — are a cornerstone of the DeFi …

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As Meta Said to Mull Tokens, Senator Warren Calls for Blocking Big Tech Stablecoins

Tech titan Meta (META) has reportedly been looking into the possibility of a return to the stablecoin market after having spurred a U.S. regulatory backlash from its efforts in years past, and U.S. Senator Elizabeth Warren told CoinDesk that the …

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Coinbase Draws Mixed Reviews From Wall Street After Q1 Earnings Miss, Deribit Acquisition

Wall Street analysts passed mixed judgement on Coinbase (COIN) after its first-quarter earnings miss and a $2.9 billion acquisition, with some downgrading near-term forecasts and others pointing to long-term strategic wins. “Q1 results came in a bit …

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ETH Surges 20%, Biggest Gain Since 2021 as Pectra Upgrade Helps Restore ‘Confidence’

Ethereum’s ether ETH$2,206.26 led the market in early Asia hours as traders reacted favorably to the protocol’s recent Pectra upgrade, sending the token up nearly 20%, the biggest gain since 2021, and trading above $2100 according to market veri from …

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Ether-Bitcoin Ratio Signals ETH is ‘Extremely Undervalued,’ But Headwinds Remain: CryptoQuant

The ether-bitcoin (ETH/BTC) ratio has reached an “extremely undervalued” zone in a move that flashes a historically bullish signal — but traders betting on a sharp ether (ETH) recovery may want to pause. (CryptoQuant) According to veri from on-chain …

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Coinbase Earnings Pain Likely as Retail Activity Slumps, Wall Street Analysts Warn

Coinbase (COIN) is heading into its first-quarter earnings report on shaky ground, with four Wall Street analysts expecting a miss as the retail trading lull is likely to pressure the crypto exchange’s most profitable business lines. The company is …

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MARA Holdings Cut to Sell at Compass Point Ahead of Earnings, Citing Cash Burn

Investment bank Compass Point downgraded MARA Holdings (MARA) to a sell rating from neutral on Tuesday, citing unsustainable cash burn. “There’s better ways to get BTC beta,” analysts wrote in the research note, pointing to Marathon’s hash price …

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