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1 week ago | 
crypto.news | Leon Okwatch |Ankish Jain
Base, the layer-2 blockchain backed by Coinbase, is facing criticism after a token it promoted crashed 95% shortly after launch before bouncing back. On Apr. 16, Base made a post on Zora, an on-chain social app that automatically turns posts into tokens. The post said, “Base is for everyone.” Minutes later, the official Base X account shared the same message with a reply linking to the Base for everyone token page on Zora. The token surged quickly, hitting a $17 million market cap.
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1 week ago | 
crypto.news | Leon Okwatch |Ankish Jain
Shardeum, a layer 1 blockchain co-founded by WazirX founder Nischal Shetty, has scheduled its token generation event for May 5, 2025. The project confirmed the launch date on an Apr. 17 post on X, noting that more details on its airdrop, token sale, and SHM listings will be shared soon. This marks a major step forward for the project, which has seen its mainnet launch delayed several times since its original timeline.
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1 week ago | 
crypto.news | Leon Okwatch |Ankish Jain
Synthetix’s algorithmic stablecoin sUSD has continued its month-long depeg, now trading nearly 21% below its $1 peg. According to CoinGecko’s price data, sUSD has dropped to $0.7924 as of Apr. 17, down more than 8% in the past 24 hours. Its market cap has fallen from $30 million at the beginning of April to $25 million as of press time. Due to the ongoing depeg, market activity has increased, as shown by the 320% rise in 24-hour trading volume to $794,081.
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1 week ago | 
crypto.news | Leon Okwatch |Ankish Jain
VanEck is set to debut its new exchange-traded fund under the ticker NODE, on May 14, expanding its lineup of crypto-related investment products. VanEck’s head of digital assets, Matthew Sigel, announced in an Apr. 16 post on X that the U.S. Securities and Exchange Commission has approved its upcoming ETF, NODE. The firm plans to launch the ETF on May 14, offering equity exposure to companies shaping the digital asset and blockchain economy.
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1 week ago | 
crypto.news | Leon Okwatch |Ankish Jain
Ethereum has slipped below the $1,600 mark, but on-chain and technical signals hint that the market may be entering a key accumulation phase. According to an Apr.17 analysis by CryptoQuant contributor abramchart, Ethereum (ETH) is trading near its realized price level, historically a zone that has preceded significant rebounds. The realized price, currently around $1,585, has served as a reliable signal of deep-value accumulation.
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1 week ago | 
crypto.news | Leon Okwatch |Ankish Jain
Ethereum’s pressure continues to deepen as three major investment firms move over $40 million worth of ETH to exchanges within 24 hours. According to data shared by on-chain analyst The Data Nerd on Apr. 16, within the last 24 hours, Polychain Capital deposited 5,700 Ethereum (ETH), worth around $9.2 million, to centralized exchanges. Galaxy Digital sent another 12,500 ETH, approximately $20.3 million, while B2C2 added 6,540 ETH worth about $10.7 million.
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1 week ago | 
crypto.news | Leon Okwatch |Ankish Jain
After a $500 million settlement with the Department of Justice earlier this year, OKX crypto exchange has formally resumed operations in the U.S.The relaunch was announced via press release on Apr. 15, which stated that it includes the release of a self-custody web3 wallet, a new centralized exchange platform, and the appointment of Roshan Robert as the new U.S. CEO. OKX customers in the U.S. can now access the platform’s trading tools, low fees, and deep liquidity.
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1 week ago | 
crypto.news | Leon Okwatch |Ankish Jain
Coinbase has warned that crypto may be entering a new bear market, but it expects prices to find support between May and June, potentially setting up a stronger Q3. In its monthly report published on Apr. 15, Coinbase noted that the total crypto market cap, excluding Bitcoin (BTC), has fallen 41% from its $1.6 trillion peak in December 2024 to about $950 billion. At the same time, venture capital investment in crypto remains 50–60% below the highs seen during the 2021–2022 cycle.
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1 week ago | 
crypto.news | Leon Okwatch |Ankish Jain
JP Mullin, CEO of Mantra, said he plans to burn his entire 772,000 OM token allocation in response to criticism over the project’s recent collapse and insider activity allegations. His statement follows an intense three days of scrutiny after the Mantra (OM) token plunged over 90% from its recent high, wiping out $5 billion in value. Mullin made the declaration via X on Apr. 15.
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1 week ago | 
crypto.news | Leon Okwatch |Ankish Jain
Securitize has acquired MG Stover’s fund administration business, making it the world’s largest digital asset fund administrator. The news was announced in an Apr. 15 press release, in which Securitize said its subsidiary, Securitize Fund Services, will now oversee $38 billion in assets across 715 funds following the acquisition. MG Stover, established in 2007, was one of the first companies to specialize in fund administration for digital assets and cryptocurrency.
