Cryptocurrencies have evolved from speculative assets to a legitimate investment class. However, investing in digital assets requires a well-structured crypto investment strategy to balance risk and reward. While Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) dominate the market, diversification across multiple cryptocurrencies can enhance portfolio stability. Financial firms like WisdomTree (NYSE:WT) have recognized this trend, offering exchange-traded products (ETPs) to provide diversified…
Monday marked the end of a painful quarter for Ethereum, as the network’s native asset’s so-called burn rate fizzled amid one of its worst performances in recent memory. The metric, which tracks the rate of Ethereum removed from circulation, recently hit its lowest level since August 2021, a nagging concern among investors that’s “weighed on Ethereum’s market performance,” according to…
The rise of cryptocurrency has been a major financial trend over the past decade, and a new study highlights just how widespread crypto adoption in the U.S. has become. According to the 2025 State of the Crypto Holders Report, 55 million American adults now use digital assets, with a majority reporting positive experiences. Crypto Ownership Is More Diverse Than Expected…
The First Digital US dollar-pegged stablecoin (FDUSD) depegged on April 2 following claims of insolvency from Tron network founder Justin Sun, who said that the issuer of the tokenized fiat equivalent, First Digital, is insolvent. First Digital responded to the claims by assuring users they are completely solvent and said that FDUSD is still fully backed and redeemable with the…
Zoop, the social app created by OnlyFans founder Tim Stokely, and the HBAR Foundation have reportedly submitted a bid to purchase the video-sharing app TikTok in the United States. According to an April 2 Reuters report, the HBAR Foundation and Zoop filed an intent to bid on TikTok with the Trump administration the previous week. The bid will follow others…
Boston-based Fidelity Investments, the world’s third-largest investment manager with nearly $6 trillion in assets under management (AUA) has launched new Individual Retirement Accounts (IRAs) that allow clients to invest directly in crypto. The development was revealed on or around April 2nd via the company’s website. “You can currently trade bitcoin, ethereum [ether], and litecoin in […] Source: https://news.bitcoin.com/fidelity-launches-crypto-iras/
A stablecoin called First Digital USD (FDUSD) lost its dollar peg on Wednesday after Tron founder Justin Sun claimed that its issuer, First Digital Trust, is effectively insolvent. The Hong Kong-based firm is currently “unable to fulfill client fund redemptions,” Sun warned in a post on X, formerly known as Twitter, urging “regulators and law enforcement to take swift action…
Pump.fun is launching a lending platform to enable users to buy memecoins and non-fungible tokens (NFTs) with borrowed cryptocurrency, the Solana-based memecoin launchpad said. Dubbed Pump.Fi, the onchain lending protocol provides “immediate… financing for [any] digital asset,” Pump.fun said in an April 1 X post. According to Pump.fun, borrowers pay one-third up front and the rest over 60 days. In…
Grayscale Investments is listing two exchange-traded funds giving investors a modified source of income based on Bitcoin’s volatile price movements, the crypto asset manager announced Wednesday. The Bitcoin Covered Call ETF (BTCC) and Grayscale Bitcoin Premium Income ETF (BPI) use covered call strategies that allow investors to buy equity shares they already own at a given price. Neither fund gives…
First Digital’s stablecoin, FDUSD, slipped almost 10% today, falling below its intended peg after news broke of a lawsuit targeting the company’s CEO. Adding fuel to the fire, Tron founder Justin Sun took to X on Wednesday, declaring First Digital “insolvent.” Stablecoin FDUSD Slips as Legal Action, $456M Allegations Hit First Digital Earlier that same […] Source: https://news.bitcoin.com/fdusd-depegs-after-justin-sun-alleges-first-digital-is-insolvent-amid-456m-dispute/
