Monero (XMR), the leading privacy-focused cryptocurrency, surged by 51% early Monday following revelations of a major Bitcoin theft incident. According to blockchain investigator ZachXBT, an unusually large transfer of approximately 3,520 BTC—worth around $333 million—was detected, with strong indications that the stolen funds were laundered through Monero. The transfer involved notably high transaction fees and
Jesse B.
Jesse is an engineering graduate and former business owner with hands-on experience in the crypto space. After running her own business, she transitioned into researching and writing about blockchain technology, decentralization, and the future of digital economies. Having worked with various crypto projects, she offers valuable insights into the expanding Web3 ecosystem.
Ethereum community members are advancing a new dynamic fee model aimed at easing the financial burden on smaller application developers, part of broader efforts to modernize the network’s economic structure. On April 27, Ethereum developers Kevin Owocki and Devansh Mehta unveiled a proposal designed to create a more balanced fee environment at the application layer.
Ethereum Developers Float New Proposal to Revamp Application Layer Fees
Nike has been hit with a proposed class action lawsuit in Brooklyn federal court, as disgruntled buyers of its branded non-fungible tokens (NFTs) and related crypto assets allege the company caused significant financial losses by unexpectedly shutting down its digital division, RTFKT. Led by Australian plaintiff Jagdeep Cheema, the lawsuit claims that Nike’s abrupt decision
Nike Hit With Lawsuit Over Abrupt Shutdown of Crypto Division
Crypto investor sentiment has staged a strong comeback following signs of easing global tariff tensions, but analysts caution that structural vulnerabilities in the market could still spark sudden weekend downturns. Risk appetite notably returned to the crypto sector this week after U.S. President Donald Trump signaled a potential reduction in tariffs on Chinese goods, suggesting
Crypto Markets Rebound but Weekend Liquidity Risks Linger
U.S. Senator Jon Ossoff has voiced strong support for launching impeachment proceedings against President Donald Trump, citing ethical concerns tied to a controversial crypto-linked event. Speaking at an April 25 town hall in Georgia, Ossoff condemned Trump’s plan to host a private dinner exclusively for the top 220 holders of the Official Trump memecoin ($TRUMP).
Senator Ossoff Calls for Trump’s Impeachment Over Private Memecoin Dinner
The Swiss National Bank (SNB) has firmly rejected calls to add Bitcoin to its currency reserves, citing concerns over market stability and asset suitability. Speaking during the SNB’s General Assembly meeting on Friday, President Martin Schlegel emphasized that despite Bitcoin’s surface-level liquidity, cryptocurrencies often fail critical tests during periods of financial crisis. “Cryptocurrencies are also
Swiss National Bank President Rejects Bitcoin Reserve Proposal
Semler Scientific, a healthcare technology firm, has expanded its Bitcoin treasury with the addition of $10 million worth of BTC, deepening its commitment to a crypto-focused financial strategy. According to a statement released on April 25, the company acquired 111 BTC at an average price of approximately $90,000 per coin, bringing its total Bitcoin holdings
Semler Scientific Adds $10M in Bitcoin, Boosting Corporate Crypto Holdings
A new cybersecurity report has uncovered a covert operation by North Korea’s infamous Lazarus Group, revealing that the state-backed hacking unit established fake U.S. businesses to target cryptocurrency developers with malware. According to findings from Silent Push and reporting by Reuters, the operation involved setting up two fraudulent companies—Blocknovas LLC in New Mexico and Softglide
North Korean Hackers Use Fake U.S. Firms to Target Crypto Developers
In a bid to accelerate adoption of PayPal USD (PYUSD), PayPal and Coinbase have announced a major partnership that will eliminate all trading fees tied to the stablecoin on the Coinbase platform. The announcement, made Thursday, allows users to buy, sell, and convert PYUSD to U.S. dollars without incurring any additional costs. The fee waiver
Coinbase and PayPal Team up to Eliminate PYUSD Trading Fees
Japanese conglomerate SoftBank is making headlines with its substantial return to the cryptocurrency market. The firm has committed $900 million to Twenty One Capital, a newly formed Bitcoin investment company launched in collaboration with crypto heavyweights Tether and Bitfinex, along with financial services firm Cantor Fitzgerald. With over 42,000 BTC under management, Twenty One Capital
SoftBank Re-enters the Crypto Arena with a $900 Million Investment
Basketball legend and media personality Shaquille O’Neal has reached a confidential settlement with investors who accused him of promoting the now-defunct cryptocurrency exchange FTX. The agreement, revealed in an April 23 court filing in the U.S. District Court for the Southern District of Florida, is part of a sweeping $21 billion class-action lawsuit involving several
Shaquille O’Neal Settles FTX Lawsuit Over Celebrity Crypto Promotions
The legal reckoning for former Celsius CEO Alex Mashinsky is nearing its final chapter, with sentencing officially set for May 8, 2025, according to a recent New York district court filing. The date follows Mashinsky’s December 2024 guilty plea to two criminal charges stemming from a broader investigation into alleged fraud and market manipulation at