Cryptocurrency

Hedgehog Markets has raised $3.5 million in funding round that included the Solana Foundation and Sam Bankman-Fried’s Alameda Research.

A PayPal spokesperson clarified that the source codes of the iPhone application were developed in a recent hackathon.

Marion Laboure at Deutsche Bank’s research division said she could see Bitcoin becoming "the 21st century digital gold," but warned investors against the crypto asset’s volatility.

BitMEX announces its entry into the European ecosystem by acquiring Bankhaus von der Heydt.

"All the Merge testnets have been successful, the code has been audited, etc., so I think we are more than ready for the upgrade," says Mihailo.

BTC appears to be in the early stage of a recovery this week, and ADA, XLM, XMR and MANA could follow.

The Fitch Ratings report on stablecoins suggests that the turmoil also could have the potential to spread to traditional markets.

The Stablecoin TRUST Act aims to bring stablecoins into the traditional U.S. financial system, which might give them the ability to tap larger amounts of liquidity in transacting.

Bitcoin price extended its rally and traded to a new all-time high above USD 37,500. Ethereum surpassed USD 1,200 and it is showing positive signs, XRP broke the USD 0.250 resistance and rallied over 30%. XLM, XEM, and ADA are up over 20%.

The regulator is expected to follow up with the company's local subsidiary Binance Asia Services Pte. following global developments.