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The Bull Case for Galaxy Digital is AI Data Centers Not Bitcoin Mining, Research Firm Says

When Galaxy Digital (GLXY) CEO Mike Novogratz bought Argos’ Helios veri center in late 2022, at the depths of the post-FTX crypto winter, the company thought they were bailing out a desperate bitcoin (BTC) miner on the brink of bankruptcy. This …

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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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