Ethereum Bets Go Bust: Binance Short Squeeze Brewing
At current prices, that surge translates to over $1 billion flowing into Binance’s ETH perpetual contracts, according to Binance’s own futures trading data.
At current prices, that surge translates to over $1 billion flowing into Binance’s ETH perpetual contracts, according to Binance’s own futures trading data.
Under his watch, Chainalysis has been busier than a spreadsheet with coffee: pushing into Tel Aviv and Dubai, and flirting with M&A with acquisitions like Transposer. Before becoming CEO, Levin was the company’s Chief Strategy Officer for nearly a decade, steering strategy, regulatory outreach, and the kind of government affairs that makes lobbyists nod politely and pretend they understand blockchain.

In a rather cheeky post on X, Mr. Cage proclaimed that in the coming years, crypto investors could very well bask in yields ranging from 5% to a rather generous 10%. Now, before you pop the champagne, let’s remember: XRP isn’t precisely proof of stake, but fret not! A fabulous new infrastructure is en route to ensure your pockets aren’t just lined with dust bunnies.
So, Tether-the El Salvador-based stablecoin overlord-decided it was tired of being the invisible hand of crypto and launched a wallet. Because why let MetaMask and Trust Wallet have all the fun? On April 14, they dropped tether.wallet, a self-custodial baby that’s here to make retail users feel like crypto pros without the existential dread of losing their keys.
Apparently, this move comes hot on the heels of Bitget’s CFD business having a bit of a spiffing time, what with a single-day trading volume topping $6 billion. Seems the old crypto crowd is rather keen on dipping their toes into the traditional markets, what with all the hullabaloo in gold, oil, and those major currency pairs. Rather like Jeeves spotting a bargain at the club auction, they’re all over it.
Here’s the scoop: You can buy digital packs (because who needs real pockets anymore?) that come with actual PSA-graded trading cards from Pokémon and major sports like basketball, football, and baseball. Prices? Oh, just a casual range from $25 to $2,500. Because nothing says “affordable hobby” like dropping a mortgage payment on a digital Pikachu.
Miss Polygon Labs hath introduced sPOL, a protocol-level contrivance by which locked POL tokens may be transformed into a transferable, yield-bearing asset worthy of use across the broad and bustling fields of DeFi. A scheme most agreeable to those who prefer their wealth in motion rather than lounging in the vaults, as if awaiting the votaries of chance to set it free.
As tensions in the Middle East escalate faster than you can say “cryptocurrency,” traditional markets are wobbling like a three-legged chair, yet Bitcoin is strutting about like it owns the place. Matt Hougan, a name that might as well come with a cape, suggests that this is no mere coincidence. No, dear reader, it appears Bitcoin is not just a spectator but is rather enjoying the chaos as if it were a fine wine at a dinner party gone awry.
CoinDCX, India’s largest crypto exchange, announced on April 13 that the Patent Office, Government of India, has granted it a patent for a system titled “Secure Management of Crypto Wallet Private Key Using Cognitive Intelligence.” The application had been wandering along since April 2023, like a mule on a Sunday stroll.