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These payments will be drawn from FTX’s $11.4 billion cash reserve.

Just a week after co-founder Andre Cronje revealed that the firm was building a USD-based algorithmic stablecoin offering an annual percentage rate of up to 23%, the company made an abrupt U-turn.

Kalshi argues that its contracts fall under the regulatory domain of the U.S. Commodity Futures Trading Commission (CFTC), not state-level gaming regulators.



Quick Take Bitcoin is up 1.8% above $83,000, with other cryptocurrencies holding relatively steady. U.S. President Donald Trump is expected to make his “Liberation Day” tariff announcement on Wednesday, while details remain undisclosed.

XRP price may record a massive breakout if a 72,500% prediction from a top market analyst comes to reality.
- 07:34The market fully prices in a 25 basis point cut by the European Central Bank in AprilGolden Finance reports that the Eurozone currency market is currently fully priced in for a 25 basis point cut by the European Central Bank in April, with Tuesday's probability at 85%.
- 07:33The U.S. SEC has filed a new motion in the Ripple lawsuit, indicating that the case is still under appealGolden Finance reports that the U.S. Securities and Exchange Commission (SEC) has filed a new motion opposing the emergency request by non-party Justin W. Keener to submit "decisive evidence" in favor of the defendant in the Ripple case. The SEC believes that since the case has been moved to the Second Circuit Court, the district court has lost jurisdiction and therefore cannot accept Keener's request. In addition, the SEC pointed out that Keener did not comply with appropriate legal regulations because he did not file a formal motion for intervention.
- 07:27Peter Schiff: If the Federal Reserve does not urgently cut interest rates and announce a large-scale quantitative easing plan, it may trigger a stock market crash similar to that of 1987Golden Finance reports that economist Peter Schiff has issued a warning about the rapid rise in U.S. Treasury yields, with 10-year yields reaching 4.5% and 30-year yields rising to 5%. He stated that if the Federal Reserve does not urgently cut interest rates and launch a large-scale quantitative easing program tomorrow morning, the stock market may experience a major drop similar to that of 1987.
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MorePeter Schiff: If the Federal Reserve does not urgently cut interest rates and announce a large-scale quantitative easing plan, it may trigger a stock market crash similar to that of 1987
Ansem: A market rebound requires specific news support. Currently, it's better to respond passively than to actively buy at the bottom