Fireblocks, a digital asset custody platform, announced that it has enabled institutional decentralized finance (DeFi) access to Terra (LUNA), the second-largest DeFi protocol by total value locked (TVL). As per the announcement, Fireblocks users can now securely access all the decentralized applications (DApps) built on the Terra blockchain. The launch is in response to Fireblocks' early access program users, who invested over $250 million into the Terra DeFi ecosystem within the first 72 hours of its integration going live. According to Michael Shaulov, CEO of Fireblocks, institutional demand for DeFi is only continuing to grow, adding that: “As their appetite …

The United States-based retirement plan provider Fidelity Investments will reportedly allow 401(k) retirement saving account holders to directly invest in Bitcoin (BTC). The new Bitcoin retirement investment plan would go live later this year. It will allow over 23,000 companies associated with Fidelity to administrate their retirement accounts to offer Bitcoin investment options to the customers, reported The Wall Street Journal. If the proposal to allocate BTC to their savings account gets approval from employers, it will allow retirement savers to allocate up to 20% of their portfolio in Bitcoin. Fidelity is currently in discussions with several of the employers …

Dogecoin (DOGE) prices flipped higher in the last 24 hours after its most celebrated backer, Elon Musk, purchased Twitter for $44 billion. At its best, Dogecoin had climbed to $0.17 on April 25, albeit still down 77% from its record high in May 2021. Twitter’s native currency: Dogecoin? DOGE’s price rose by nearly 25% to $0.15 on a 24-hour adjusted timeframe, confirming that traders considered Musk’s acquisition of Twitter a bullish event for Dogecoin. The reason: Musk’s long-time support for DOGE, including his recent advice to the Twitter board that they should start accepting the memecoin for Twitter Blue, their …

STEPN (GMT) has rallied strongly against the United States dollar this week as it looks likely to form a classical bullish technical pattern called “the bull flag.” GMT eyes more upside GMT’s price rose 30% week-to-date, including a strong rally to establish an all-time high near $3.85 followed by a relatively modest correction to nearly $3.00. In particular, the correction phase occurred inside a descending parallel channel, raising possibilities that the price would eventually break out of it to the upside. That is precisely because traditional analysts consider strong run-ups, followed by range-trapped price corrections, as bullish continuation setups. And, …

Cointelegraph’s Joseph Hall interviewed Marieke Flament, the CEO of NEAR Foundation at the Paris Blockchain Week Sumit (PWBS) last week, discussing a range of topics such as the struggle by institutional investors to understand how they can participate in the crypto space. Hall and Flament talked about how institutional investors are trying to learn about crypto to understand how they can enter the market. According to Flament, as more Web2 companies get into Web3, other institutional players are forced to think about what these events mean for their businesses. “We are seeing a very strong appetite from institutional investors to …

Crypto investors from the United States realized crypto gains nearly six times higher in total than the United Kingdom, the second-highest country in terms of realized gains. According to a report by Chainalysis, crypto investors in the U.S. accrued a record $46.9 billion in realized gains throughout 2021, leading the rest of the world by a wide margin. The U.S. is followed at quite some distance by the U.K. at $8.1 billion and Germany with $5.8 billion. The report comes as global cryptocurrency adoption continues to gain widespread traction. The U.S. witnessed a massive increase in adoption and realized gains, …

Asset manager Simplify has filed a registration statement with the United States Securities and Exchange Commission (SEC) to list shares of an exchange-traded fund (ETF) linked to Bitcoin (BTC) futures, Treasury securities, and options. In a Wednesday filing, Simplify applied with the SEC for an investment vehicle based on a Bitcoin futures strategy, an income strategy and an option overlay strategy. The Bitcoin Strategy Risk-Managed Income ETF, to be listed under the ticker MAXI on Nasdaq, is a series of exchange-traded funds from the asset management company. The fund will indirectly invest in BTC using crypto futures and, as part …

Cryptocurrency individual retirement accounts (IRA) provider iTrustCapital revealed Wednesday that the total transaction volume on its platform had surpassed $5 billion, marking a 60% increase in nine months. As told by iTrustCapital, many of its users, ranging from millennials to working professionals to senior citizens, are trading cryptocurrencies for the first time. The firm only charges a 1% buy-sell fee on cryptocurrency transactions. There are no monthly fees, and investors only need to deposit $1,000 to open an account. Through the platform, users can trade over 25 cryptocurrencies 24 hours a day, seven days a week. It also provides insurance …

A sharp rebound move witnessed in the Aave (AAVE) market in the last three days has raised its potential to rise further in May, a technical indicator suggests. AAVE price rebounds from key support Dubbed a "rising wedge," the pattern appears when the price rises inside a range defined by two ascending, contracting trendlines. It typically resolves after the price breaks below the lower trendline with convincingly rising volumes. AAVE has been painting a similar ascending channel since early February 2022. The AAVE/USD pair has bounced in the past few days after testing the wedge's lower trendline as support. This …

Staking has been used fluently to describe several actions within the world of crypto, from locking your tokens on a decentralized finance (DeFi) application or centralized exchange (CEX) to using tokens to run a validator node infrastructure on a proof-of-stake (PoS) network. PoS is one of the most popular mechanisms that allows blockchains to validate transactions and it has become a credible consensus mechanism alternative to the original proof-of-work (PoW) used by Bitcoin. Miners require a lot of computational power to carry out the energy-intensive PoW, while PoS requires staking coins as collateral to validate blocks and verify transactions, which …

ApeCoin (APE) price has exploded higher on anticipations that it would become a de-facto payment token in an upcoming metaverse land sale. APE price swelled nearly 28% in one day to reach over $17 per token on April 20. The rally came as a part of a rebound from three-day lows under $11, resulting in a 55% gain. BAYC land airdrop A rumor circulating across social media platforms since April 18 suggested that the owners of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs may receive virtual lands on the Yuga Labs' much-anticipated "Otherside" metaverse …

Aura FAT Projects Acquisition Corp. (AFARU), a special purpose acquisition company (SPAC), has closed its initial public offering (IPO) on Nasdaq and raised $115 million, focusing on crypto industry assets. The Cayman Islands-incorporated SPAC raised an impressive $100 million during its April 13 IPO, with an over-allotment of $15 million, bringing its total to $115 million, according to an announcement from the firm on Tuesday. It also has funding from sponsorships with Singapore-based financial services firms Aura Group and Fat projects. The SPAC’s website states that it has a presence in Australia, New Zealand, Singapore, Indonesia, Vietnam, Thailand, Malaysia and …