Author: John Smith

US inflation dropped in March, raising optimism that the Federal Reserve will adopt a more dovish tone in upcoming meetings—boosting crypto prices. Data from the Bureau of Labor Statistics showed that the headline Consumer Price Index fell from 0.2% in February to -0.1% in March. On an annual basis, inflation declined from 2.8% to 2.4%, putting it on track to reach the Fed’s target of 2.0%. The closely watched core CPI, which excludes volatile food and energy prices, also dropped from 0.2% to 0.1% month-over-month, pushing the annual core figure down to 2.8%. This marked the first time in years…

As financial institutions, corporations, and governments increasingly began to adopt Bitcoin, some observers of the crypto market started to question whether the four-year cycle model typically applied to Bitcoin is still relevant. Let’s see how this cycle is designed and why many people doubt it is still reliable. An X account called Bitcoin Archive posted a poll asking if the four-year cycles for Bitcoin are over. In ten hours, over 10,000 accounts cast their votes, with the affirmative answer leading at 52%. It doesn’t necessarily mean that the four-year cycles are not reliable anymore, but rather, it indicates that many…

Cardano founder Charles Hoskinson predicts crypto will dominate the global financial market in the future, erasing the boundaries of TradFi and DeFi altogether. Meanwhile, Pierce sees a future where unbanked societies can benefit from the crypto wave. During the DNA House event in Paris on April 10, Hoskinson explained that the integration of the crypto space into global markets will make the financial system even more inclusive and decentralized. He believes it will reach a point where there will no longer be a distinction between traditional finance and decentralized finance. Instead, crypto will be normalized and seen as a part…

RedStone has expanded its support for Ethena Labs’ stablecoins USDe and sUSDe to the BNB Chain, triggering a 14% price surge. RedStone (RED) has officially announced the launch of USDe and sUSDe price feeds—stablecoins from Ethena Labs—on BNB Chain, expanding access to Ethena’s $5B+ stablecoin ecosystem. The launch marks a new milestone in RedStone’s partnership with Ethena Labs, which began in March 2024. RedStone was the first oracle provider to support USDe and sUSDe. Venus Protocol and Pendle Finance were the first to integrate these price feeds, allowing users to borrow and lend against these assets, and to trade or…

FLR formed a god candle today, breaking out of its multi-month downtrend amid investor hype around an upcoming upgrade to the network. Flare (FLR) rallied 51.8% to an intraday high of $0.0167 while bringing its market cap to over $927 million as of press time. Its rally came along with increased trading activity, with its daily trading volume increasing by 622% to over $52.5 million, while open interest in its futures market stood 50% higher at $3.11 million. FLR rallied after Flare network developers teased an upcoming upgrade dubbed Flare 2.0. 90 days to get you even more excited.XRPFi loading…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The internet is at a crossroads. People are continuing to express their frustration and dissatisfaction with the internet—double that of what they felt 20 years ago—as centralized platforms are facing increasing scrutiny for their opaque algorithms, data exploitation, and bias in content curation. Most online platforms today run on web2, where FAANG companies—Meta, formerly known as Facebook, Amazon, Apple, Netflix, and Alphabet, formerly known as Google—control the data, serve ads, and track users for profit. Users are…

OpenSea has called on the United States Securities and Exchange Commission to make it official that NFT marketplaces aren’t exchanges or brokers under US securities laws. “We propose that the SEC clearly state that NFT marketplaces like OpenSea do notqualify as exchanges under federal securities laws,” the non-fungible token marketplace said in a letter to SEC Commissioner Hester Peirce. OpenSea argues that NFT platforms don’t fit the legal definition of an exchange or broker because they don’t handle transactions, act as intermediaries, or bring together multiple sellers of the same asset. Most NFTs are unique digital assets, meaning there is…

Binance has launched the second round of its Vote to Delist campaign, inviting users to vote on whether 17 tokens with the “Monitoring” tag should be removed from the platform. Binance’s Vote to Delist program is part of its ongoing effort to improve transparency and give the community a voice in listing decisions. According to the platform’s Apr. 10 announcement, the tokens up for potential delisting are FTT, JASMY, VOXEL, GPS, ZEC, STPT, ARK, ARDR, MBL, PERP, NKN, WING, LTO, FLM, BSW, ALPACA, and PDA.  Voting will take place through Binance Square between Apr. 10 at 4:00 UTC and Apr.…

A New York assemblyman has filed a bill urging the State Board of Elections to study how blockchain technology could be utilized to protect voters’ data during U.S. elections. According to the official filing from New York State Assembly member Clyde Vanel, Assembly Bill AA7716 aims to study how the blockchain can be used to protect voter personal records as well as safeguard the election results. At press time, the bill is currently being reviewed by the Assembly Election Law Committee, awaiting a legislative vote. Once it advances, it would have to pass through to the Assembly and State level…

Synthetix stablecoin sUSD has fallen 6% in the last day to trade at $0.8597, continuing the recent decline below its $1 peg. At the same time, 24-hour trading volume has jumped nearly 487% to over $2.1 million, as per CoinGecko data. This reflects growing market activity as concerns rise. Synthetix (SNX) is a decentralized finance protocol that lets users create and trade synthetic assets, which track the value of real-world assets on-chain. With the help of oracle data, its stablecoin, sUSD, is designed to mirror the price of the US dollar and is backed by the platform’s native token, SNX.…