Financial News

The average transaction fee on Bitcoin has shot above $7, pushing total fees up nearly five-fold in two weeks– thanks to a surge in Ethereum-style “BRC-20” tokens and NFT-like “inscriptions” on the increasingly popular Ordinals project.

The new liquidity pools aim to help users reduce financial risks and increase their profits across networks.

Ether also rose. Equity markets dropped, including stocks of two regional banks.

According to CoinShares, digital asset investment products saw outflows totaling $72 million last week, as investors brace for the Fed's forthcoming rate decision on May 3.

Big Inc, the sequel to the goblin-themed collection, will be giving a 50% discount to token holders who mint using the memecoin PEPE.

The spike triggered a series of liquidations on the exchange.

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

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

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.

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

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.

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