Why Crypto Market is Up Today? Hyperliquid Crypto, BTC Value, Ripple XRP News, Pi Network News - AltcoinDaily.co
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April 8, 2025 08:12:01 UTC

Crypto Lawyer Sues U.S. Homeland Security to Uncover Satoshi Nakamoto’s Identity

Crypto lawyer James Murphy has filed a lawsuit against the U.S. Department of Homeland Security, demanding the agency disclose any information it has about the true identity of Bitcoin’s mysterious creator, Satoshi Nakamoto. Murphy aims to force transparency on whether the government knows who Nakamoto is, amid long-standing speculation and secrecy surrounding the pseudonymous figure behind the world’s first cryptocurrency.

April 8, 2025 08:06:04 UTC

Crypto Hacking: North Korea’s Lazarus Group Laundered $1.2B Through THORChain After Bybit Hack

John-Paul Thorbjornsen, founder of THORChain and creator of the Vultisig wallet, is under scrutiny as North Korea’s Lazarus Group allegedly laundered $1.2B of stolen crypto through THORChain after the $1.4B Bybit hack. Despite FBI requests, THORChain refused to block transactions, earning over $12M in fees. Critics question the protocol’s decentralization, citing centralized control incidents. Thorbjornsen denies ongoing control but continues promoting Vultisig, which earned revenue from the laundered funds and is launching its token, VULT, on April 16.

April 8, 2025 08:06:04 UTC

Ripple News : XRP ETF Momentum Surges as SEC Settlement Sparks Institutional Race

The launch of the first leveraged XRP ETF in the U.S. marks a major milestone, boosted by the SEC’s decision not to appeal its case against Ripple. This has increased hopes for a spot XRP ETF approval, with prediction markets giving it an 87% chance by 2025. Major firms like Grayscale and Franklin Templeton are now racing to launch XRP-backed ETFs. Ripple’s $50 million settlement with the SEC clears years of uncertainty, fueling institutional interest and potentially bullish price action.

April 8, 2025 07:47:35 UTC

Strategy Faces $5.9B Loss Amid Bitcoin Price Crash

Strategy, formerly MicroStrategy, likely faced losses in early 2025 as Bitcoin prices dropped by 12%. Despite buying more Bitcoin—now holding 528,185 BTC worth $43.5B—the company saw a $5.9B decline in value. With over $8.2B in debt and high interest/dividend payments, Strategy depends heavily on Bitcoin’s price. Its software business isn’t profitable, and if Bitcoin falls further, it may need to sell at a loss to meet financial obligations. The company recently rebranded to reflect its Bitcoin-first approach.

April 8, 2025 07:42:56 UTC

Binance Delisting 14 Altcoins

Binance, a leading crypto exchange, will remove 14 tokens from its platform on April 16, 2025, after its first community vote. The tokens being delisted include BADGER, BAL, BETA, CREAM, and others. This move caused many of these tokens to drop in value, with some falling by 25–35%. The decision was based on community feedback and Binance’s regular review process to ensure quality and compliance of listed tokens. Users are advised to take necessary actions before the delisting date.

April 8, 2025 07:01:40 UTC

Trump-Linked WLFI to Airdrop USD1 Stablecoin in Live Test

World Liberty Fi (WLFI), the Trump-affiliated crypto project, is launching a test airdrop of its USD1 stablecoin to WLFI token holders. USD1 is backed by U.S. Treasuries and custodied by BitGo, with transfers tested on Ethereum and BNB Chain via Wintermute. The airdrop aims to validate WLFI’s distribution mechanism ahead of a broader rollout. Exact amounts remain undisclosed, but eligibility favors presale investors. Meanwhile, controversy surrounds WLFI’s $550M raise, with $390M reportedly tied to a Trump-linked entity and increased regulatory scrutiny underway.

April 8, 2025 05:47:45 UTC

Hyperliquid Crypto Surges 17%, Climbs to #26 Amid Market Recovery

Hyperliquid (HYPE) has jumped 17.74% in the past 24 hours, now trading at $12.06. Its market cap has reached $4.03 billion, with trading volume spiking over 40% to $223.89 million. Currently ranked #26, HYPE is gaining strong momentum as the overall crypto market shows signs of a solid rebound.

April 8, 2025 05:47:45 UTC

Crypto Market Today

Crypto prices rallied today driven by investor optimism, rising institutional demand, and positive macro signals. Despite a sharp 5.5% dip, Bitcoin bounced back near $80K. Around $1.5B in bullish crypto bets were sold—the highest in 2025—raising concerns of continued option market pressure. Altcoins like Solana and Cardano led gains, fueling bull run hopes. Traders now eye the upcoming US CPI data for further market direction.

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