Crypto news

Key Takeaways:

According to the on-chain tracker Lookonchain-because why wouldn’t we trust something called Lookonchain?-one wallet decided to withdraw a whopping 850,488 TRUMP worth $2.4 million from Bybit in the last two days. I guess it’s easier to move money around than it is to decide what to wear to a luncheon with the ex-president. And another wallet yanked out 105,754 TRUMP from Binance. These guys are really racking up the tokens, now holding a neat 1.13 million valued at $3.2 million. Good for them! Really!

Yet as the sun that climbs too high over the steppes must, in due time, descend, so too did the ascent give way to a retreat most painful. The coin shed more than sixty per cent of its brightness and now clings to the threshold of a little over one dollar and thirty cents, as if it were a stubborn beggar at the gate of a prosperous house. The wise and the curious alike, who have learned to applaud what they do not fully understand, still nurse a quiet hope that the road has not ended but merely paused for breath, and that the horizon yet holds some opinion of grandeur.

So, ZeroLend decided to call it quits after three years, citing “thin margins, hacks, and inactive chains.” Sounds like a bad breakup, doesn’t it? “It’s not you, DeFi, it’s me. I just can’t handle the drama anymore.” And drama there has been. The market’s early optimism has been replaced by a reality so demanding, it makes your average tax audit look like a spa day.

This initiative, a product of the Office of Cybersecurity and Critical Infrastructure Protection (OCPP), promises to offer our beleaguered American crypto firms timely and actionable insights-one can only hope that such wisdom is not as elusive as truth itself. The idea, as articulated in the press release dated April 9, is to bolster these fragile entities against the ever-growing tide of security threats that seem to rise with the sun each morning.

On the fateful Friday of April 10th, Bitwise, with a flourish worthy of a Shakespearean actor, unveiled its second amendment, introducing FalconX, Flowdesk, Nonco, and Wintermute as the newest members of its countertrading ensemble. These names, like players in a commedia dell’arte, join the stage ahead of what the financial cognoscenti whisper might be an “imminent launch.” Ah, imminence-that elusive siren of the markets, forever just beyond the horizon.

Apparently, the PIRC tokens have this cute little feature where they promise not to lose more than 23.8% of their value. Adorable, right? But here’s the kicker: for that to work, Pi itself needs to act like it’s got its life together-aka, be as stable as a yoga instructor on a Saturday morning. Otherwise, that 23.8% floor is about as reliable as a Wi-Fi signal during a Zoom meeting.

Justin Sun claims World Liberty Financial has hidden a feature in its token’s code that allows the company to freeze users’ funds without any prior notice. Sun, an investor in the WLFI token, alleges this functions as a secret blacklist.

Key Takeaways:

In a missive dated April 11, the intrepid GugaOnChain, a market analyst with a penchant for deciphering the arcane, unveiled a curious datum: OTC transactions now command a staggering 82.26% of Bitcoin’s settlement volume, thrusting the market into the “Institutional Alert Zone”-a realm where only the most audacious players dare tread. Of the 706,000 BTC waltzing across the network daily, a mere 17.14% deigns to grace the order books of centralized exchanges, leaving public liquidity as parched as a Nabokovian protagonist’s wit.