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Bernstein analysts argue that Bitcoin's current drawdown has been much more resilient than those during previous crises.
The SEC will hold a crypto roundtable on Friday featuring panelists from Coinbase, Cumberland DRW and Uniswap Labs.
The proposed test aims to ensure technical stability of its airdrop system and reward early supporters, the project said.
Ark Invest bought 84,514 Coinbase Global Inc. shares across its ARKW and ARKF ETFs on Monday amid a broad market slump.
Teucrium Investment Advisors' XXRP is a 2x leveraged fund on XRP's daily price performance, set to go live Tuesday on NYSE Arca.
The company said that it will hold a special shareholder meeting on May 9 to approve the reorganization plan.
Former Binance CEO Changpeng 'CZ' Zhao also joins Pakistan Crypto Council as advisor, and the stablecoin startup Cap raised $8 million in seed funding.
While Bitcoin has held relatively steady, altcoins and high-risk crypto assets have plunged, boosting Bitcoin’s market dominance to nearly 60% as investors seek safer crypto plays.
Other investors include prominent financial institutions Susquehanna and Triton Capital as well as dozens of crypto native firms and angels.
Traders rushed to protect leveraged bets on protocols like Sky as ether dropped to FTX-bear market levels and macro factors weighed heavy on crypto markets.