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US Economist Jeffrey Sachs: Trump’s Take on Tariffs Is ‘a Serious Mistake’

Coins Legend May 2, 2025 0

Sachs explained that the Trump administration’s emphasis on applying tariffs on rival governments would not impact the growth of China and Russia if international trade continues to follow WTO rules. Jeffrey Sachs Labels Tariffs as a Mistake, Disregards Effects in Global Trade The Trump

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Strategy Unveils $21B Stock Offering to Amplify Bitcoin Holdings Amid Q1 Loss 

Coins Legend May 2, 2025 0

Strategy, the corporate bitcoin treasury firm formerly known as Microstrategy, revealed plans for a $21 billion at-the-market (ATM) common stock offering to acquire additional bitcoin ( BTC), even as it reported a first-quarter net loss of $4.2 billion, or $16.49 per diluted share. Strategy Wants More Bitcoin The company’s net loss included a $5.9 billion […]

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Facilitating Spam Attacks or Nothing Burger? Drama Ensues Over Changes to This Bitcoin Guardrail Feature

Coins Legend May 1, 2025 0

The bitcoin development community is divided over a proposal to remove certain guardrails designed to deter the use of its blockchain for storing arbitrary data (or ‘spam’). Some developers argue that this change will impact the future of bitcoin, while others assert that it is already happening. ‘Spam’ Drama Grows: Is Bitcoin Destined to Save […]

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SPAC Backed by Anthony Pompliano and Brent Saunders Files for IPO

Coins Legend May 1, 2025 0

Anthony Pompliano’s blank-check firm, Procap Acquisition Corp., has filed with the U.S. Securities and Exchange Commission (SEC) to raise $200 million in an initial public offering (IPO). Pompliano-Led ProCap to Hunt for Fintech Targets With $200M War Chest Procap Acquisition Corp., incorporated in the Cayman Islands and led by Anthony Pompliano as chief executive officer,

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Bitcoin Miners Bleed $40M in April as Fourth Straight Revenue Drop Deepens the Crunch

Coins Legend May 1, 2025 0

Bitcoin miners brought in $40 million less in revenue during April than they did in March, marking the fourth straight month of dwindling returns since December as the sector continued its downward earnings trend. April Wrecks Bitcoin Miners Again—Revenue Slides for Fourth Month in a Row Though the dip wasn’t dramatic, it was nonetheless a […]

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April NFT Carnage: Sales Drop Over 39% as Market Stalls

Coins Legend May 1, 2025 0

Although April brought modest gains to the broader crypto economy, data reveals a continued descent in non-fungible token (NFT) sales, which contracted by 39.62% over the past 30 days. Ethereum retained its status as the leading blockchain by NFT sales volume, yet its figures receded by 44.86% compared with the previous month. NFT Sector Pummeled: […]

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Certik Reports $364 Million in Crypto Losses for April 2025, Phishing Dominates at $337 Million

Coins Legend May 1, 2025 0

Certik, a leading blockchain security firm, reported on April 30, 2025, that the crypto industry lost approximately $364 million to exploits, hacks, and scams in April, with $18.2 million returned, resulting in a net loss of $345.8 million. The firm highlighted that $337 million of the total losses stemmed from phishing attacks, underscoring the persistent […]

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ETF Momentum Breaks: Bitcoin and Ether Funds Record Net Outflows After Strong Run

Coins Legend May 1, 2025 0

After more than a week of uninterrupted gains, both bitcoin and ether ETFs saw net outflows on Wednesday, April 30. Bitcoin ETFs lost $56 million, while ether ETFs gave back $2.36 million, pausing the recent bullish streak. Bitcoin ETFs See $56M Outflow, Snapping 8-Day Inflow Streak As Ether ETFs Slip Too The inflow party took […]

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Bitcoin Breaks $97K as Markets Defy Weak Employment Data

Coins Legend May 1, 2025 0

Jobless claims surged at the end of April according to fresh data from the Department of Labor, but both traditional and crypto markets still rallied Thursday morning. Markets Rally: Bitcoin Hits $97K Even as Jobs Data Disappoints The number of unemployed Americans filing for jobless benefits swelled to a seasonally adjusted 241,000 for the week […]

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Ethena Labs to Integrate USDe Stablecoin With TON Blockchain for Telegram Users

Coins Legend May 1, 2025 0

Ethena Labs will bring its USDe synthetic dollar and its staking counterpart, tsUSDe, to The Open Network (TON) blockchain, unlocking access to dollar-denominated savings for Telegram’s 1 billion users through self-custodial wallets starting in May 2025. TON Ecosystem to Support Ethena’s USDe for Dollar Savings and Staking Through a collaboration with the TON Foundation,