Author: Oli Dale

TLDR: Bitget reached 3rd place among crypto exchanges with 7.2% market share Exchange surpassed 120 million users globally Futures trading volume grew to $757.6 billion (17.3% month-on-month increase) Acquired DASP and BSP licenses in El Salvador for full crypto services Launched Bitget Onchain for direct on-chain asset trading through the app Bitget has climbed to become the third largest crypto exchange by trading volume while expanding its user base to over 120 million globally, according to its April 2025 Transparency Report. The exchange recorded a futures trading volume of $757.6 billion in April, representing a 17.3% growth compared to the…

TLDR Ethereum has rallied 58% over the past month with a 17% gain in the last week Current price around $2,529 after touching $2,736 in recent trading ETH has moved above realized price levels for multiple wallet size cohorts Daily trading volume holds steady at $25.15 billion showing market interest Technical analysis shows $3,100 as next resistance and $2,233 as support Ethereum continues to show strength in the cryptocurrency market, maintaining a bullish pattern despite a minor pullback. The second-largest cryptocurrency has demonstrated impressive momentum that has caught the attention of traders and investors alike. Over the past 30 days,…

TLDR TRON’s TVL increased by 3.4 billion TRX in past week, now exceeding $6.6 billion TRX price remains stable above $0.27 while other L1 tokens face deeper corrections New Chainlink oracle integration enhances TRON’s DeFi infrastructure capabilities Weekly transaction count hit 60 million, with active addresses reaching 6 million Technical patterns indicate possible 65% price movement toward the $0.44 range While many top cryptocurrencies have struggled with downward pressure, TRX has maintained its position above $0.27, showcasing remarkable resilience in the current market environment. Data from DeFiLlama reveals a substantial influx of capital into the TRON ecosystem, with its Total…

TLDR Solana dropped to $169 on Friday (May 16, 2025) after FTX announced $5B creditor payout About 1.4 million SOL tokens worth $236M were unstaked in the past week Key technical levels include support at $155 and resistance at $180 Bitcoin’s stability above $100K may help cushion Solana’s downward movement Altcoin ETF approval odds remain high at 82% according to market data Solana’s price has taken a hit following news about FTX’s plans to distribute assets to creditors. The popular Layer-1 token fell to $169 on Friday, breaking below the $170 level for the first time this month. This 4%…

TLDR Coinbase shares fell 7% following customer data theft and SEC probe news Overseas support staff accepted bribes to leak user information, prompting a $20M ransom demand Company expects to pay $180-400M in customer reimbursements SEC investigating Coinbase’s previous claim of “100+ million verified users” from 2021 Issues emerge right before Coinbase’s scheduled entry into the S&P 500 Coinbase stock took a beating Friday, dropping 7% to $244 as investors reacted to a one-two punch of troubling news. The cryptocurrency exchange revealed a customer data breach orchestrated through bribed support staff while also confirming an ongoing SEC investigation into possibly…

TLDR DOJ has added 12 more defendants to a case involving $263 million in stolen cryptocurrency The group, mainly young adults aged 18-22, evolved from online gaming friends to organized cybercriminals Their biggest heist was 4,100 Bitcoin ($230M+) stolen from a single victim in August 2024 The thieves used hacking, social engineering, and physical burglaries to steal crypto Stolen funds financed luxury cars, private jets, designer goods, and $500,000 nightclub outings Federal prosecutors have expanded their case against a cryptocurrency theft ring, charging 12 additional suspects in a sweeping indictment. The group allegedly stole over $263 million in digital assets…

TLDR: Alibaba’s Q4 profit came in at 12.4 billion yuan, far below the expected 24.7 billion yuan Revenue grew 7% year-over-year but still missed analyst targets Shares dropped 5% in premarket trading following the announcement Cloud division showed strong 18% growth compared to last year Company reported “triple-digit growth” in AI-related products for seventh consecutive quarter Chinese tech powerhouse Alibaba saw its shares drop Thursday following a disappointing earnings report that missed analyst expectations by a wide margin. The company’s fiscal fourth quarter results revealed that profitability fell well below market forecasts, despite modest revenue growth. The e-commerce behemoth reported…

TLDR CoreWeave exceeded Q1 revenue expectations, reporting $981.6M versus analyst estimates of $862.3M The company announced plans to spend $20-23B in 2025, outpacing Wall Street’s forecast of $18.3B Stock whipsawed: rose 11% after earnings release before dropping 8% in premarket trading A new $4B deal with an unnamed “large AI enterprise” was announced alongside OpenAI partnership Despite revenue growth, CoreWeave posted a larger-than-expected Q1 net loss of $150M CoreWeave’s first quarterly earnings report as a public company sent its stock on a wild ride this week. The Nvidia-backed AI infrastructure provider saw its shares initially jump after reporting strong revenue,…

TLDR Hedra raised $32 million in Series A funding led by Andreessen Horowitz, bringing total funding to $44 million The AI video platform uses Character-3 foundation model to create lifelike digital characters for video content Founded by Michael Lingelbach, whose theatre background inspired the focus on character-driven storytelling Hedra is expanding from creator economy to enterprise marketing, helping companies produce video content quickly The company plans to triple its 20-person team by year-end Hedra, an AI video generation platform, announced today it has raised $32 million in Series A funding to expand its AI-powered video creation tools to enterprise marketers.…

TLDR Investors filed lawsuit against Jonathan Mills on May 14 in Illinois court Plaintiffs claim Mills diverted at least $3 million from Bitcoin mining operations Investors say they raised $1.46 million from NFT drops but received zero returns Mills allegedly structured shareholder agreement giving himself 67% equity and voting power Plaintiffs seek constructive trust over assets and full legal restitution A group of disgruntled investors has taken legal action against Jonathan Mills, the founder of Hashling NFT and CEO of Satoshi Labs LLC, alleging he misappropriated millions in funds from their joint cryptocurrency ventures. The lawsuit, filed in an Illinois…