Revolut’s Crypto Gamble Pays Off with Record Profits
Fintechs like Revolut and Robinhood outpace crypto-native platforms as mainstream crypto trading gains momentum. Revolut has posted a record-breaking $1.5 billion profit for 2024, marking the first time the UK-based neobank has crossed the billion-dollar threshold in annual earnings. A significant contributor to this milestone was its booming wealth division,
Zora to Airdrop ZORA Token Amid Hype, Backlash and Insider Claims
Coinbase-backed Zora rides viral momentum with a token drop announcement, but allegations of insider trading stir controversy. Zora, an onchain social media platform backed by Coinbase, is set to launch its native token, ZORA, on April 23. The announcement follows a week of intense activity and viral traction on X
Ripple’s $1.25B Acquisition Fuels XRP Surge and Institutional Push
Ripple’s Hidden Road acquisition supercharges XRP adoption, bridging blockchain with traditional finance and signalling a bold move into institutional markets. Ripple has acquired prime brokerage platform Hidden Road for a whopping $1.25 billion, marking one of its most aggressive expansions to date. This strategic deal isn’t just about growth—it’s a
XRP Dips as ETF Launch Nears; BTC Gains Amid Trade Optimism
ProShares gears up for XRP Futures ETF launch as legal battles persist; Bitcoin eyes $90K on trade optimism and shifting ETF flows. As XRP continues its legal tug-of-war with the SEC, the spotlight shifts to the upcoming launch of three XRP Futures ETFs by ProShares. These ETFs—UltraShort, Ultra, and Short—are
Brazil Jails Crypto Ponzi Leaders for 171 Years in $190M Fraud
Braiscompany founders sentenced after defrauding 20,000 investors in one of Brazil’s largest-ever crypto scams. A Brazilian federal court has sentenced three top executives of Braiscompany, a fraudulent crypto investment platform, to a combined 171 years in prison. The scheme, which misled nearly 20,000 investors, raised over $190 million (R$1.11 billion)
CMIC Sets First Industry Standard for Crypto Market Making
New framework aims to enhance transparency, curb abuse, and align with global regulations. As institutional adoption grows and global regulation of digital assets gains momentum, the Crypto Market Integrity Coalition (CMIC) has taken a pioneering step to formalise best practices in crypto market making. On April 15, CMIC unveiled the
Bybit Winds Down Web3 Services Following $1.4 Billion Hack
Crypto exchange Bybit to discontinue multiple Web3 services, including its NFT marketplace and wallets, by end of May Bybit has announced a significant shift in its business strategy, revealing plans to shut down most of its Web3 services, including various wallets and NFT platforms. This move comes shortly after the
Mantra CEO Vows to Burn Tokens Amid Crash Fallout
JP Mullin responds to collapse and insider allegations by pledging to burn his personal token allocation. Mantra’s OM token has seen a sharp decline, crashing over 90% from its weekly high and erasing $5 billion in value. The sudden drop led to widespread backlash and allegations of insider activity. Amid
Janover Doubles Solana Holdings with $10.5M Acquisition
Fintech firm diversifies digital asset strategy, eyes staking revenue Janover Invests Heavily in SolanaReal estate-focused fintech company Janover has significantly increased its digital asset holdings by acquiring 80,567 Solana (SOL) tokens for approximately $10.5 million. Announced on 15 April, this latest purchase brings the company’s total Solana holdings to 163,651.7
Bitcoin Traders Split on Breakout Potential as Price Nears $87K
Bitcoin’s price continues its upward push, nearing fresh April highs, but mixed sentiment among traders suggests uncertainty about the longevity of the rally. Bitcoin Eyes $87K Amid Resistance Bitcoin (BTC) hovered around $84,775 on April 15 as it attempted to break through the $86,000 mark during the Wall Street open.
