Author: John Smith

Billionaire Mike Novogratz’s Galaxy Ventures Fund I LP is on track to raise up to $180 million by June to back early-stage crypto and blockchain startups, with a focus on payments and stablecoins. According to unnamed sources cited in an April 17 Bloomberg report, the fund has already surpassed its initial $150 million target and is expected to close with between $175 million and $180 million.  The final close is scheduled for the end of June. Galaxy has not made the figures public, and a spokesperson declined to comment. Galaxy Ventures Fund I invests in early-stage companies building infrastructure and…

Synthetix’s algorithmic stablecoin sUSD has continued its month-long depeg, now trading nearly 21% below its $1 peg.  According to CoinGecko’s price data, sUSD has dropped to $0.7924 as of Apr. 17, down more than 8% in the past 24 hours. Its market cap has fallen from $30 million at the beginning of April to $25 million as of press time. Due to the ongoing depeg, market activity has increased, as shown by the 320% rise in 24-hour trading volume to $794,081. sUSD is a synthetic asset issued on the Synthetix (SNX) protocol, backed by its native token SNX and designed…

VanEck is set to debut its new exchange-traded fund under the ticker NODE, on May 14, expanding its lineup of crypto-related investment products. VanEck’s head of digital assets, Matthew Sigel, announced in an Apr. 16 post on X  that the U.S. Securities and Exchange Commission has approved its upcoming ETF, NODE. The firm plans to launch the ETF on May 14, offering equity exposure to companies shaping the digital asset and blockchain economy. 🚨Now Effective: VanEck Onchain Economy ETF ($NODE)Actively managed, $NODE will aim to hold 30–60 names from a 130+ stock universe tied to the digital asset economy:>Exchanges, miners,…

Ethereum has slipped below the $1,600 mark, but on-chain and technical signals hint that the market may be entering a key accumulation phase.  According to an Apr.17 analysis by CryptoQuant contributor abramchart, Ethereum (ETH) is trading near its realized price level, historically a zone that has preceded significant rebounds. The realized price, currently around $1,585, has served as a reliable signal of deep-value accumulation.  Every major bull run in ETH’s history has started when the price fell to or below this level. Ethereum is approaching the lower band of the realized price model, indicating market cooling and potentially priming long-term…

Cardano (ADA) has shown major structural developments as it re-enters a multi-year trading range. The recent price action suggests acceptance back within this long-term structure, with indicators pointing toward a potential move to the lower support region.Cardano (ADA) has re-entered a significant trading range that has contained its price action for over three years. After a breakout in late 2024 that lacked volume strength, the asset has failed to sustain its highs and is now showing signs of weakness. For traders, this shift back into the range carries major implications for ADA’s medium- to long-term price trajectory. Key points covered…

U.S. stocks plunged Wednesday as Nvidia flagged $5.5B in China-related charges and Fed Chair Powell warned tariffs may drive inflation and slow growth. U.S. stocks tumbled Wednesday as investors reacted to new U.S. restrictions on chip exports to China and fresh warnings from Federal Reserve Chair Jerome Powell about the economic risks of President Trump’s tariff policies. The S&P 500 fell about 2.2%, while the Dow Jones Industrial Average dropped 1.7%. The Nasdaq Composite slid by around 3%, nearing bear market territory, and was led lower by steep losses in the tech sector. Nvidia shares plunged nearly 10% after the…

What do Binance’s recent outages, token volatility, and legal disputes tell us about the broader challenges it faces across different regions? Binance is back in the headlines Binance, the world’s largest crypto exchange by trading volume, has hit a turbulent stretch this April. Two major incidents, occurring just days apart, have renewed scrutiny over the platform’s operational stability. On Apr. 15, an Amazon Web Services (AWS) outage disrupted Binance’s systems in the AP-NORTHEAST-1 region, which covers areas including Japan and Korea. As AWS services went down, Binance, alongside several other leading exchanges and crypto platforms faced technical disruptions. This led…

Ethereum is gearing up for two major upgrades, Pectra and Fusaka. However, these upgrades don’t address underlying concerns with its tokenomics. Ethereum (ETH) is set to roll out two major upgrades this year, Pectra and Fusaka. However, these upgrades come at a time when Ethereum is under constant threat, a research report by Binance, released on April 16, states. With the next upgrades, improvements are coming to data availability, expanded support for layer-2 chains, and enhancements to wallets. However, investors continue to express concern over value accrual. Specifically, some of these upgrades appear to favor layer-2 networks over Ethereum’s own…

Russia should be eyeing its own fiat-backed stablecoins, a senior finance ministry official has said. According to a Reuters report on April 16, Russia should unveil its own stablecoins after recent events related to the popular U.S. dollar pegged stablecoin Tether (USDT). If launched, these stablecoins could be pegged on other currencies. The incident in question relates to reports that USDT issuer Tether blocked Russia-linked digital wallets belonging to a local crypto exchange that came under sanctions from the European Union. Osman Kabaloev, the deputy head of the Finance Ministry’s financial policy department, says Russia should be looking at “internal…

BONK is trading at a key high time frame support level while showing signs of a potential trend reversal. A double bottom formation is developing, and a breakout above dynamic resistance could confirm a shift in market structure, setting the stage for a bullish rally. After a prolonged bearish trend marked by consecutive lower highs and lower lows, BONK (BONK) is now trading at a crucial decision point. The asset has respected a significant support level twice, forming what may develop into a double bottom formation. However, confirmation is still pending and depends on the next few weeks of price…