Updated Trading News

Bitcoin 'Flash Rally' Briefly Pushed BTC Derivatives Above $56K on Bitfinex
Bitcoin 'Flash Rally' Briefly Pushed BTC Derivatives Above $56K on Bitfinex

The spike triggered a series of liquidations on the exchange.

Sports Illustrated Launches NFT Ticketing Platform on Polygon
Sports Illustrated Launches NFT Ticketing Platform on Polygon

Sports Illustrated's ticketing marketplace SI Tickets has developed "Box Office" in partnership with Ethereum software company ConsenSys.

DCG's CFO Steps Down as Crypto Conglomerate Repays $350M Loan
DCG's CFO Steps Down as Crypto Conglomerate Repays $350M Loan

The crypto conglomerate also paid off a $350 million senior secured term loan, which was issued by a lender syndicate led by Eldridge.

PEPE Token Soars to $500M Market Cap as Meme Coin Fever Grips Crypto Traders
PEPE Token Soars to $500M Market Cap as Meme Coin Fever Grips Crypto Traders

PEPE, the meme token that sprouted out of the Pepe the frog meme, has rocketed to a $500 million market cap following a 2,100% rise since it was issued last month.

Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank
Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank

BTC’s price had dropped from well above $29,000 since Sunday evening. Investors await Wednesday’s FOMC decision.

Michael Saylor's MicroStrategy Books a Much Smaller Bitcoin Impairment Charge
Michael Saylor's MicroStrategy Books a Much Smaller Bitcoin Impairment Charge

Amid BTC's big rally, the company's impairment loss narrowed to $18.9 million in the first quarter from $197.6 million in the fourth quarter.

Price analysis 5/1: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Price analysis 5/1: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

Bitcoin and most major altcoins are witnessing aggressive selling at higher levels, indicating that the bears are trying to make a comeback.

Will $28K Bitcoin price hold? Two indicators remain solid despite 5% pullback
Will $28K Bitcoin price hold? Two indicators remain solid despite 5% pullback

BTC margin markets and futures’ long-to-short indicator show professional traders are unwilling to bet on Bitcoin's price dropping.

FTX investor Temasek pours $10M in algorithmic currency system Array
FTX investor Temasek pours $10M in algorithmic currency system Array

The new algorithmic currency system aims to provide a more “stable, efficient and scalable” asset than common coins like Bitcoin.

Bhutan mines Bitcoin with hydropower since BTC price was $5,000
Bhutan mines Bitcoin with hydropower since BTC price was $5,000

The Kingdom of Bhutan uses Himalayan rivers to generate energy used to mine Bitcoin, local reports reveal.

Tokens but not crypto: Nigeria SEC prepares new digital asset rules
Tokens but not crypto: Nigeria SEC prepares new digital asset rules

Nigeria’s securities regulator will take at least 10 months to determine whether to register a digital asset-related company.

First Mover Asia: Bitcoin, Ether Open Asia’s Trading Week Flat
First Mover Asia: Bitcoin, Ether Open Asia’s Trading Week Flat

ALSO: Five CoinDesk journalists offer their takeaways from Consensus 2023. They found an industry still filled with optimism but also realistic about the challenges ahead, most notably, regulatory uncertainty.

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