Author: Benjamin Lee

An official committee of the Bank of England tasked with monitoring the economy of the UK says it will continue to monitor developments in stablecoins and the financial risks associated with these assets. In a report of its April 4th and April 8th meetings, the Financial Policy Committee (FPC) identifies the risks posed by stablecoins as the market for these stable asset-pegged cryptocurrencies grew in size and activity over the past year. “Greater issuance of sterling offshore stablecoins with inappropriate backing assets, or backing assets on which the risk is poorly managed, could be vulnerable to greater risk of fire-sales…

The world’s largest crypto exchange platform by trading volume is adding support for a new Bitcoin (BTC) staking protocol. In a new announcement, Binance says it will be adding the BTC staking project Babylon (BABY) to its massive suite of digital asset products. Babylon, which launched Babylon Genesis today, rose in value after gaining support from Binance. BABY went from a daily low of $0.084 to a peak of $0.099 just a few hours later. It has since retraced and is trading for $0.087 at time of writing, a 4.6% gain during the last 24 hours. According to the project’s…

The official corporate arm of the Dogecoin Foundation is partnering with one of the world’s leading producers of crypto exchange-traded products (ETPs) on a new Dogecoin (DOGE) product. In a new press release, 21Shares and House of Doge are announcing their new partnership to launch DOGE ETPs globally. Says Jens Wiechers, Advisory Board Member at House of Doge and Co-Executive Director of the Dogecoin Foundation, of the new partnership, “This partnership marks a very large step forward for the Dogecoin vision. Dogecoin was created to be a fun, accessible form of peer-to-peer money, and over the years, it has demonstrated…

Cryptocurrency trader and analyst Ali Martinez is leaning bullish on a memecoin built in the Solana (SOL) ecosystem while offering his forecast for Ethereum (ETH) and Chainlink (LINK). Martinez tells his 134,800 followers on the social media platform X that the Official Trump (TRUMP) memecoin could be preparing for a bullish reversal based on the Tom DeMark (TD) Sequential indicator signals on the weekly time frame. The TD Sequential indicator is used to identify potential trend reversal points in technical analysis. According to the analyst, TRUMP could rally by around 138% from the current level and hit a price target…

The Trump family-adjacent decentralized finance (DeFi) project World Liberty Financial (WLFI) has proposed a stablecoin airdrop. Last month, the DeFi project announced plans to launch a new stablecoin called USD1, which it says is pegged to the US dollar and backed by short-term government treasuries, dollar deposits and cash equivalents. Now, World Liberty wants to test its on-chain airdrop feature by distributing a small amount of USD1 to all current WLFI token holders. In a new proposal, the project says the final exact amount will be based “on total eligible wallets and budget.” Explains World Liberty, “Testing the airdrop mechanism…

An analyst who accurately called the start of Solana’s (SOL) correction this year is flipping bullish on the native asset of the layer-1 protocol. Pseudonymous analyst Bluntz tells his 317,700 followers on the social media platform X that he believes the Ethereum (ETH) challenger looks ripe for a significant bounce after losing about 64% of its value from its all-time high of $293, which it hit in January of this year. According to Bluntz, SOL is flashing a bullish divergence on the daily chart, a reversal signal suggesting that buying momentum is on the up and up even though an…

Data from blockchain intelligence firm Lookonchain suggests that crypto wallets associated with President Donald Trump-backed decentralized finance (DeFi) platform World Liberty Financial (WLFI) are selling Ethereum (ETH) at a loss. Citing data from Arkham, Lookonchain says its 581,400 followers on the social media platform X that it appears WLFI has begun selling part of its nine-figure ETH stash at a loss. Arkham’s data notes that the wallet in question is not 100% confirmed to be controlled by WLFI. “Has Trump’s World Liberty started selling ETH at a loss? According to Arkham, a wallet possibly linked to World Liberty sold 5,471…

Crypto asset manager and research firm CoinShares says US tariffs were the likely cause of an outflow of hundreds of millions of dollars last week from digital asset investment products. In its latest Digital Asset Fund Flows Weekly Report, CoinShares notes crypto products witnessed a $240 million outflow as US President Donald Trump announced steep tariffs against countries around the world. Source: CoinShares However, CoinShares says the outflows were “minor,” especially when compared to other asset classes. “Despite this [outflow], total assets under management remained remarkably stable at $132.6 billion, marking a 0.8% increase over the week. This resilience is…

Artificial intelligence (AI)-powered commercial real estate firm Janover, Inc. is announcing that it has raised approximately $42 million through an offering of convertible notes and warrants from multiple investors, including Pantera Capital, Kraken, and Arrington Capital. According to a new press release, the notes were sold in a private offering under Section 4(a)(2) of the Securities Act of 1933 and Regulation D. The convertible notes carry a 2.5% annual interest rate paid quarterly. They will mature on April 6, 2030. The notes are convertible into common stock at any time before maturity if the company’s market capitalization equals or exceeds…

BitMEX founder Arthur Hayes says that altcoins may finally see a boost once Bitcoin (BTC) breaks a certain price range. In a new interview on Crypto Banter, Hayes, the founder of crypto investment firm Maelstrom, says that he’s expecting Bitcoin to continue dominating the crypto market for some time. However, Hayes says once BTC soars well above the $100,000 level again, riskier crypto assets will most likely start to shine. “We accelerated a bit after the recent Fed press conference where Powell announced the reduction of QT (quantitative tightening) and sort of teased QE (quantitative easing). We accelerated a bit,…