Crypto Market Plunges: BTC Down 4.45%, ETH Down More Than 11
The crypto market has been hit by significant declines in the last 24 hours. Bitcoin (BTC) fell by 4.45% and Ethereum (ETH) by 11.03%. The meme coin sector lost 13.47%, while Dogecoin (DOGE) fell 11.63%, Shiba Inu (SHIB) 9.86% and Pepe (PEPE) 15.93%. The AI sector lost 11.62%, while KAITO rose by 2.79% and VANA by 20.39%. The CeFi sector fell by 7.45%, Layer1 by 9.92%, DeFi by 12.16% and Layer2 by 12.33%, while Story (IP) rose by 23.10%.
by Darkex Research – 1 min read
4 States in the US Reject Bitcoin and Altcoin Investments
The state of Montana has rejected a bill to invest public funds in Bitcoin. With this decision, Montana joins North Dakota, Wyoming and Pennsylvania, which have previously rejected similar Bitcoin reserve proposals.
by Darkex Research – 1 min read
Trump Formally Approves Tariff Plan for Mexico and Canada
US President Trump announced that the US tariff plan against Mexico and Canada will be implemented as planned. The month-long “suspension” measures will end next week.
by Darkex Research – 1 min read
South Korea Restricts Crypto Trading by New Users on Upbit for 3 Months
South Korea’s Financial Intelligence Unit (FIU) announced new regulations for Upbit, South Korea’s largest crypto exchange. Newly registered users will not be able to make cryptocurrency deposits and withdrawals for the next three months.
by Darkex Research – 1 min read
CryptoQuant CEO: Bullish Expectation for ETH
CryptoQuant CEO Ki Young Ju said he expects positive developments in Ethereum (ETH) prices. The approval of the ETH spot ETF, its 56% share in the stablecoin market and the accumulation of whales are among the factors supporting prices. ETH is also expected to gain value in 2025 with the more widespread use of stablecoins and smart contracts.
by Darkex Research – 1 min read
Ohio Introduces Bill Supporting Crypto Payments and Mining Rights
The state of Ohio has introduced a bill to ban the use of cryptocurrencies in state taxes. The bill would also consider allowing state pension funds to invest in crypto ETFs and protect crypto mining and self-custody rights.
by Darkex Research – 1 min read
SEC Accepts Grayscale’s Cardano Spot ETF Application
The US Securities and Exchange Commission (SEC) has accepted Grayscale’s application for a Cardano (ADA) spot ETF. This is a new crypto asset ETF approved by the SEC following the XRP and DOGE ETFs.
by Darkex Research – 1 min read
Fed President Goolsbee: Rate Decisions Will Await Trump’s Policies
Chicago Fed President Austan Goolsbee stated that they will wait for the Trump administration’s economic policies to become clear before deciding on a rate cut. Goolsbee said that if the government takes steps that could boost inflation, the Fed will act accordingly.
by Darkex Research – 1 min read
US Authorities Seize $31 Million from Uranium Finance Hack
US authorities have recovered $31 million worth of cryptocurrency stolen from an attack on the Uranium Finance platform operating on BNB Chain in 2021. The investigation highlights vulnerabilities in DeFi platforms.
by Darkex Research – 1 min read
Aave Releases v3.3 Update: Bad Debt Management and Liquidation Optimization
DeFi platform Aave introduced debt management and liquidation optimization with the v3.3 update. With the update, users will be able to earn rewards by staking aTokens and automatic management of bad debts will be provided.
by Darkex Research – 1 min read
Trump’s Policies Put Pressure on Global Markets
Trump’s multifaceted policy agenda started to put pressure on global financial markets. Asian stock markets lost value, while the yield on 10-year US Treasury bonds fell to its lowest level in two months. Declines were also observed in many crypto assets, including Bitcoin. Investors are closely monitoring the potential impact of Trump’s trade and tax policies on global markets.
by Darkex Research – 1 min read
Tether CEO: “We Will Not Allow Those Who Want To Eliminate Tether”
Tether CEO Paolo Ardoino stated that USDt has strengthened the dollar hegemony and has become a critical tool in emerging markets. Ardoino emphasized that they have established a wide physical and digital distribution network, especially in Africa and South America, and stated that they will not allow their competitors to eliminate Tether.
by Darkex Research – 1 min read
IntoTheBlock: “Capitulation” Phase May Begin in Crypto Market
IntoTheBlock analyst Juan Pellicer stated that the recent declines in the crypto market signaled a “capitulation phase”. Sudden sales waves were observed in the market, especially with the liquidation of leveraged positions. It is predicted that the market may approach the bottom levels after the liquidations in Solana and other large assets.
by Darkex Research – 1 min read
DeepSeek May Launch Next Generation R2 Artificial Intelligence Model
According to Reuters, DeepSeek is reportedly accelerating efforts to launch its next-generation R2 artificial intelligence model earlier. The model, which was originally planned to be released in May, is aimed to be introduced earlier in the current process.
by Darkex Research – 1 min read
If ETH Falls Below $1,793, $340 Million in Liquidations Could Follow
According to CoinDesk data, liquidations totaling $340 million could be triggered if the Ethereum price falls below $1,793. It is stated that a serious sales pressure may occur in the market, especially if three positions opened by large investors are liquidated.
by Darkex Research – 1 min read
Nasdaq Files Grayscale DOT ETF Application
Nasdaq has filed the 19b-4 application documents for Grayscale’s Polkadot ETF (DOT) with the US Securities and Exchange Commission (SEC). This application could create a new investment opportunity for Polkadot investors.
by Darkex Research – 1 min read
Elon Musk’s Email Request for Federal Employees Sparks Controversy
Elon Musk has demanded that US federal employees submit weekly activity reports and threatened termination if they do not comply. However, the relevant federal agencies clarified that Musk does not have such powers. While some departments of the Department of Education are preparing for possible layoffs, some employees at the Department of Labor have reportedly been dismissed. On the other hand, Vivek Ramaswamy, who had previously distanced himself from DOGE, announced his candidacy for governor of Ohio.
by Darkex Research – 1 min read
