06 Apr 2025

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Get comprehensive coverage of the cryptocurrency industry with our news selection. Whether you’re a seasoned investor or just a novice crypto enthusiast, The Coinomist has the news and insights you need to stay informed. From Bitcoin to DeFi, we’ve got you covered.

Crypto Markets Shed $320 Billion as Sell-Off Intensifies

Crypto Markets Shed $320 Billion as Sell-Off Intensifies

Data from CoinMarketCap and CoinGlass reveals that over $320 billion vanished from the crypto market, while futures liquidations soared to $1.48 billion.

Anton Kryshtal
Bybit Covers ETH Gap After $1.4 Billion Hack

Bybit Covers ETH Gap After $1.4 Billion Hack

Bybit closed its ETH gap after one of the most significant hacks in cryptocurrency history, taking a crucial step to regain user trust.

The Coinomist
eXch Caught in Crypto Crime Allegations—Bybit Hack Connection?

eXch Caught in Crypto Crime Allegations—Bybit Hack Connection?

Authorities have accused eXch of processing illicit transactions linked to Lazarus Group, following the Bybit hack that drained $1.4 billion. The exchange refutes the claims, but forensic evidence is raising red flags.

Anton Kryshtal
SEC Retreat Marks Pivotal Legal Win for Crypto Firms

SEC Retreat Marks Pivotal Legal Win for Crypto Firms

The U.S. Securities and Exchange Commission has withdrawn its appeal in the case regarding the expansion of the “Dealer Rule” to encompass crypto companies, a move that critics argue may alleviate excessive regulatory constraints.

Anton Kryshtal
Bankman-Fried Seeks GOP Ties Amid Clemency Talks

Bankman-Fried Seeks GOP Ties Amid Clemency Talks

Former FTX CEO Sam Bankman-Fried recently gave an interview that stirred controversy, even from behind bars, where he is serving a 25-year sentence for massive crypto fraud.

The Coinomist
Binance Faces $81.5 Billion Lawsuit in Nigeria Over Taxes

Binance Faces $81.5 Billion Lawsuit in Nigeria Over Taxes

Nigeria’s government is suing Binance, accusing it of causing significant economic damage and tax evasion, with a demand for an $81.5 billion fine.

Anton Kryshtal
Invesco’s $6.3B Credit Fund to Be Tokenized in New Partnership

Invesco’s $6.3B Credit Fund to Be Tokenized in New Partnership

On February 19, 2025, DigiFT, a licensed Singapore-based platform specializing in on-chain assets, announced its plan to tokenize Invesco’s $6.3 billion credit fund.

The Coinomist
Grayscale Broadens Its Portfolio with New PYTH Fund

Grayscale Broadens Its Portfolio with New PYTH Fund

The American investment firm Grayscale Investments has introduced the Grayscale Pyth Trust, a new fund that opens the door for qualified investors to gain exposure to the native PYTH token of the Pyth Network ecosystem.

The Coinomist
Sanctions Failing? Crypto Activity in Sanctioned Regions Is Booming

Sanctions Failing? Crypto Activity in Sanctioned Regions Is Booming

The latest insights from Chainalysis indicate that OFAC-sanctioned nations are actively leveraging cryptocurrencies for remittances and commerce.

Anton Kryshtal
MEMX Files for SEC Approval to List XRP ETF from 21Shares

MEMX Files for SEC Approval to List XRP ETF from 21Shares

The U.S. market is seeing a wave of altcoin ETF applications, and MEMX is the latest player to join in. The exchange has filed a request with the SEC to approve the listing of the XRP ETF introduced by 21Shares, a major name in crypto investment products.

The Coinomist
Bitcoin Bull Run Is Just Starting as Institutions Buy In

Bitcoin Bull Run Is Just Starting as Institutions Buy In

A recent Bernstein report suggests that Bitcoin could soon see strong upward momentum, driven by increasing institutional investments.

Anton Kryshtal
Mystery Coder Burns $7M in ETH—Calls Out Brain-Tech ‘Weapons’

Mystery Coder Burns $7M in ETH—Calls Out Brain-Tech ‘Weapons’

A mysterious figure, Hu Lezhi, has publicly burned millions in ETH, alleging the existence of an underground organization manipulating human consciousness.

Anton Kryshtal
Lawmaker Attacks Trump’s Meme Coin, Musk’s DOGE

Lawmaker Attacks Trump’s Meme Coin, Musk’s DOGE

Democratic Congresswoman Ayanna Pressley has criticized the DOGE agency and Trump’s meme coin, arguing they represent a dangerous shift in financial oversight.

Anton Kryshtal
LIBRA Meme Coin Mystery—Is There a MELANIA Connection?

LIBRA Meme Coin Mystery—Is There a MELANIA Connection?

LIBRA’s sudden launch has left the crypto world divided. Was it just another meme coin stunt, or is there a real connection to Javier Milei? And what’s this about MELANIA? The plot thickens.

The Coinomist
Scammers Tricked Investors with a Fake Saudi Meme Coin

Scammers Tricked Investors with a Fake Saudi Meme Coin

Scammers impersonating Saudi Crown Prince Mohammed bin Salman on X claimed to launch an “official” KSA meme coin. Spoiler alert: It was a total scam.

Anton Kryshtal
Italy Moves to Rein In Crypto as EU, U.S. Rules Diverge

Italy Moves to Rein In Crypto as EU, U.S. Rules Diverge

The Bank of Italy, together with the Italian securities regulator Consob, met with industry leaders to discuss the evolving rules for digital assets.

Anton Kryshtal
HashFlare: The Story Behind the Infamous Crypto Ponzi Scheme

HashFlare: The Story Behind the Infamous Crypto Ponzi Scheme

The HashFlare cryptocurrency Ponzi scheme is coming to a close, with its founders admitting to a $577 million fraud. Let’s take a look back at how this infamous platform started and operated.

Anton Kryshtal
AI Is Making Crypto Scams Smarter—Insights from Chainalysis 2024

AI Is Making Crypto Scams Smarter—Insights from Chainalysis 2024

The 2024 Chainalysis report confirms that AI-driven fraud is on the rise, with crypto scammers cashing in at least $9.9 billion through advanced deception tactics.

The Coinomist
North Korean Hackers Infiltrate GitHub & NPM to Steal Crypto

North Korean Hackers Infiltrate GitHub & NPM to Steal Crypto

Lazarus Group, a North Korean hacking unit responsible for numerous cyber attacks, has launched a new campaign targeting software developers and crypto wallets.

Anahit Avetisyan
Solana Outpaces Rivals as App Revenues Surge in Crypto Revival

Solana Outpaces Rivals as App Revenues Surge in Crypto Revival

Messari reports that Solana-based apps saw an unbelievable 213% revenue spike, making Solana the top blockchain for app-generated earnings.

Anton Kryshtal
HashFlare Founders Admit to $575M Crypto Fraud Scheme

HashFlare Founders Admit to $575M Crypto Fraud Scheme

A long-anticipated court hearing in the U.S. has concluded with HashFlare co-founders Sergei Potapenko and Ivan Turogin admitting to charges of wire fraud.

The Coinomist
WhiteBIT Freezes $150M in Stolen Crypto: Here’s How

WhiteBIT Freezes $150M in Stolen Crypto: Here’s How

WhiteBIT has reported that in 2024, it successfully froze over $150 million in crypto assets threatened by cybercrime. This includes funds recovered from exchange hacks and assets protected from account breaches and fraudulent activities.

Dmytro Psevdonimenko
Coinbase Projects Strong Q4 Revenue as Crypto Trading Rebounds

Coinbase Projects Strong Q4 Revenue as Crypto Trading Rebounds

Coinbase, the only publicly listed crypto exchange, is on the verge of releasing its Q4 2024 earnings. Preliminary data from Coin Metrics suggests robust revenue growth, hinting at a potential crypto market recovery and improving regulatory sentiment.

Dmytro Psevdonimenko
FTX to Start Creditor Payouts in 2025—Here’s What to Expect

FTX to Start Creditor Payouts in 2025—Here’s What to Expect

On February 18, 2025, some creditors of the bankrupt crypto exchange FTX will start receiving payments, signaling one of the final steps in the company’s financial restructuring.

Anton Kryshtal
Hacker Behind SEC Breach Faces $50,000 Forfeiture Deal

Hacker Behind SEC Breach Faces $50,000 Forfeiture Deal

A plea deal could be on the table for the hacker behind the SEC account breach, but it comes at a price—a $50,000 asset forfeiture.

Anton Kryshtal
Shibetoshi Nakamoto: The Man Behind Dogecoin and the Meme Revolution

Shibetoshi Nakamoto: The Man Behind Dogecoin and the Meme Revolution

Shibetoshi Nakamoto didn’t wear hoodies or chase venture capital. He never claimed he was going to reinvent finance or save the world with blockchain. He just cracked a joke.

Zora Network Reviewed: A Testnet Guide

Zora Network Reviewed: A Testnet Guide

Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.