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Fidelity Digital Assets Study: Bitcoin’s Volatility Declines as It Grows, Echoing Historical Asset Trends

A new study by Fidelity Digital Assets reveals that as bitcoin matures, its volatility is decreasing, making it less volatile than several S&P 500 stocks. “As the asset class matures…

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Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow

On May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a…

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Aave Labs Unveils Ambitious Plans for Protocol V4: Enhancing GHO Stability and Cross-Chain Liquidity

Aave Labs proposed a significant upgrade to its protocol, aimed at enhancing features like its stablecoin GHO, introducing a Unified Liquidity Layer for better integration, and improving the protocol’s architecture…

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Jack Dorsey’s Block Faces DOJ Probe Over Alleged Transactions With Sanctioned Nations and Terrorist Groups

Department of Justice (DOJ) federal prosecutors from the Southern District of New York are investigating fintech company Block, formerly known as Square, for significant compliance failures in its transaction monitoring…

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Defi’s TVL Declines by $10 Billion in April Despite Growth in Bitcoin and Newer Blockchains

The total value locked (TVL) in decentralized applications (defi) experienced a 7% decrease, dropping $10 billion in April, with defi’s ecosystem ending the month at $138.6 billion despite a widespread…

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Microstrategy Plans to Launch a Decentralized Identity Solution on Bitcoin

Microstrategy has introduced a new enterprise decentralized identity platform, Microstrategy Orange, during the Bitcoin for Corporations segment at Microstrategy World 2024 event in Las Vegas. Microstrategy Intends to Leverage the…

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Peter Schiff Declares Bitcoin in Bear Market Amid US Economy’s Stagflation Reality

Economist and gold advocate Peter Schiff has declared bitcoin to be in a bear market, despite the recent surge in interest in spot bitcoin exchange-traded funds (ETFs). Additionally, he cautioned…

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Former Binance CEO CZ: I Will Do My Time — Crypto Industry Has Entered a New Phase

Former Binance CEO Changpeng Zhao (CZ) has expressed his gratitude to the crypto community for their support following his four-month U.S. prison sentence for pleading guilty to money laundering charges.…

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Bitcoin Miners Log Second Highest Monthly Revenue in April, Despite Falling Hash Value

In April, bitcoin miners amassed the second-highest monthly revenue of the past year, following the unprecedented earnings in March. In total, they collected $1.79 billion, which, although $220 million less…

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Federal Reserve Holds Rates Steady Amid Inflation Concerns; Outlook Remains ‘Uncertain’

On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted…

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