Spot Bitcoin ETFs saw $39m net inflows on April 2

Spot Bitcoin ETFs have drawn in over $12 billion in cumulative net inflows within three months of trading, while Grayscale GBTC liquidations continue. SoSoValue data tracking spot Bitcoin (BTC) ETF activity showed over $39.4 million daily net inflows. Wall Street stalwart BlackRock recorded the largest influx among nine new funds, as traders parked $150 million into the firm’s...

SEC’s Grewal criticizes crypto industry’s ‘noncompliance’

U.S. SEC Enforcement Director Gurbir Grewal condemned the crypto industry for its “significant lack of compliance.” During the SEC Speaks event, Grewal responded to criticism leveled at the agency over excessive SEC crypto regulation. “We have confronted significant non-compliance and many, many creative attempts by market participants to avoid our jurisdiction, with some claiming that we are making it up as...

Cathie Wood: Bitcoin rally tied to global currency devaluation

According to ARK Invest CEO Cathie Wood, Bitcoin’s remarkable 130% rally in the past year can be derived from the global devaluation of national currencies. “There are currency devaluations taking place that people are not talking about,” Wood remarked in an interview with CNBC, highlighting significant drops in the value of currencies like the Nigerian naira...

Picasso Network integrates IBC with Ethereum, improves cross-chain interoperability

In collaboration with the Composable Foundation, Picasso Network has announced the integration of the Inter-Blockchain Communication protocol with Ethereum. The integration allows for transferring assets and data between Ethereum (ETH) and the Cosmos ecosystem, facilitating cross-chain interoperability. “By connecting Ethereum with Cosmos through IBC and designating Osmosis as the primary liquidity hub, we are setting the stage for a new chapter...

Biden-themed meme coin surges 70% as latest polls emerge

A meme coin inspired by U.S. President Joe Biden has surged over 70% today, reaching a market cap of $324 million. Jeo Boden (BODEN) is a satirical Solana meme coin that mocks Biden’s public persona and policy views.  It features a website showing crude parodies of the U.S. president and heavily utilizes the Comic Sans font...

CoinLedger: Bitcoin leads unrealized gains across crypto portfolios

A CoinLedger study discovered that cryptocurrency portfolios increased in value by an average of $2,804 this year as the industry raced toward its previous 2021 peak. The crypto tax and portfolio management software provider analyzed a database of over 500,000 investors to map out popular tokens and solutions being leveraged amid a bull run underpinned by institutional interest...

Taiwan earthquake injuries top 1,000, missing hotel workers found

HUALIEN, Taiwan (Reuters) -The number of people injured in a 7.2 magnitude earthquake in eastern Taiwan climbed past 1,000 on Thursday though the death toll remained steady at nine, with dozens workers on their way to a hotel in a national park mostly now found safe. The temblor, the strongest in 25 years, hit on Wednesday...

Singapore rules out hosting 2026 Commonwealth Games

SINGAPORE: The search for a new host for the 2026 Commonwealth Games continues, with Singapore deciding not to make a bid to organise the upcoming edition of the multi-sport event. In a joint statement issued on Wednesday (April 3), Commonwealth Games Singapore (CGS) and Sport Singapore (SportSG) said that they “have studied the feasibility of hosting...

Hot pot eatery owner in the soup for caning employees who were late for work

BANGKOK: A mother on Saturday (March 30) filed a complaint with Pattaya police against the owner of a “mu kratha” shop for allegedly caning her son and daughter-in-law as punishment for reporting late to work. The mother, Anong Sidaprom, 37, filed a complaint at Pattaya Police Station on Saturday evening, against the owner of the Fah...

‘Like a mountain collapsed’: Taiwan reels from biggest quake in 25 years

NEW TAIPEI CITY: Liu watched intently as rescuers carefully picked their way through the remains of a warehouse that crumbled like a house of cards on Wednesday (April 3) during Taiwan's strongest earthquake in 25 years, telling AFP it "was like a mountain collapsed". Propping ladders against the debris, the rescue workers managed to pluck 50...