Author: Kryptonews

Traditional finance giant Apollo Global Management Inc. has signed a partnership agreement with decentralized lending platform Morpho to take a significant stake in the project and help support its blockchain lending infrastructure. The move was announced on Friday by the Morpho Association, the nonprofit organization behind the decentralized finance (DeFi) platform. The partnership, or “cooperation agreement,” will see Apollo or its affiliates buy up to 90 million Morpho (MORPHO) governance tokens over the next four years, representing 9% of the total 1 billion-token supply of MORPHO. “Under the Agreement, Apollo or its affiliates may acquire MORPHO tokens through a combination of open-market purchases,…

Trump Media and Technology Group is expanding its push into digital assets, filing for two new cryptocurrency exchange-traded funds tied to Bitcoin, Ether and the Cronos ecosystem. Key Takeaways: Trump Media filed for two crypto ETFs tracking Bitcoin, Ether and the Cronos token. The Cronos fund would include staking rewards with Crypto.com providing custody and services. The move deepens ties between US politics and the growing crypto investment sector. Truth Social Funds, the ETF arm of the company behind the Truth Social platform, submitted applications Friday for the “Truth Social Bitcoin and Ether ETF” and the “Truth Social Cronos Yield…

Blockstream CEO Adam Back has opposed a proposal aimed at reducing Ordinals-like “spam” on Bitcoin, warning that the fix could do more harm than good to the network’s credibility.Bitcoin Improvement Proposal (BIP-110) was proposed by pseudonymous Bitcoin developer Dathon Ohm in December. Nearly 7.5% of Bitcoin nodes — all of which are Bitcoin Knots clients — have signaled readiness for BIP-110, according to data.The proposal seeks to temporarily shrink how much data can be stored in Bitcoin transactions to reduce the amount of images, videos, audios and other “data abuse” flooding the network.While Back agreed that Bitcoin should act as…

Henrike Naumann, a sculptor whose installations composed of furniture and design objects associated with East Germany’s troubled past made her a star of the German art scene, died on Saturday at 41. Her death preceded one of her biggest projects to date: the German Pavilion at the Venice Biennale, where the Berlin-based artist is set to represent the nation alongside Sung Tieu this year. The Institut für Auslandsbeziehungen (ifa), the organization that facilitates the German Pavilion, said in a statement that she died of a “short, serious illness.” Related Articles “With Henrike Naumann’s passing, we have lost not only a…

The world of top online betting is changing fast, and anyone who waits will be very late. Older sites usually use confusing prize levels and slow win turns that help the owners. A fresh bar is set to test that way by mixing big game style with clear money plans. While old names like BetPARX and ProphetX give known help, one site is now at the front with a plan based on being fast and having some true value. That site is named Spartans. BetPARX: The Regular Refund Style For people wanting a more normal way to stay safe, BetPARX…

The cryptocurrency industry went under intense pressure last week, with Bitcoin and Ethereum leading the crash and multiple cryptocurrencies hitting new multi-month lows. The crash was more pronounced with Bitcoin, though, and the imbalance in selling pressure is quietly shifting the relationship between the two assets.  The interesting imbalance is relayed in Ethereum’s performance relative to Bitcoin. A technical analysis of the ETH/BTC ratio shared on the social media platform X by Jonathan Carter indicates that Ethereum may be approaching a critical breakout point against Bitcoin, following an extended period of compression on the 2-week candlestick timeframe chart. Long-Term Triangle…

The British Museum in London stripped the word “Palestinian” from some of its displays about the Middle East amid pressure from a prominent pro-Israel group. The Telegraph reported this weekend that UK Lawyers for Israel had written a letter to Nicholas Cullinan, the museum’s director, seeking the removal of that word, specifically in texts that referred to certain peoples as being “of Palestinian descent.” “Applying a single name – Palestine – retrospectively to the entire region, across thousands of years, erases historical changes and creates a false impression of continuity,” the group reportedly wrote. “It also has the compounding effect…

Ethereum ETF investors are sitting on a far uglier entry point than their bitcoin counterparts, according to Bloomberg Intelligence analyst James Seyffart, with spot ETH funds now absorbing a drawdown that has left many buyers deep underwater. “Ethereum ETF holders are sitting in a worse position than their Bitcoin ETF brethren,” Seyffart wrote on X late Tuesday. “The current ETH price of $2,000 is way below their average cost basis of ETF holders at about ~$3,500. It’s a painful proposition. But it’s one that Eth ETF holders have experienced already.” Seyffart added that the most recent ETH ETF trough pushed…

On-chain data shows the Ethereum wallets with more than 1,000 ETH have reduced their holdings over the last eleven weeks, shedding 1.5% of the ETH supply. Ethereum Whales Have Distributed Tokens Equivalent To 1.5% Of The Supply As explained by on-chain analytics firm Santiment in an X post, Ethereum addresses with more than 1,000 ETH have participated in net selling since Christmas. The indicator of relevance here is the “Supply Distribution,” which tells us about the percentage of the total circulating ETH supply that a given wallet group is holding. Related Reading Addresses are placed into these cohorts based on…

Apollo Global Management (APO) is moving deeper into crypto, striking a deal that could make the $938 billion asset manager a major token holder in a decentralized lending platform.The firm signed a cooperation agreement with the Morpho Association, the French non-profit organization behind the Morpho protocol, that allows Apollo and its affiliates to buy up 90 million tokens MORPHO$1.3224 tokens over the next four years. The purchases may take place through open-market buys, over-the-counter transactions and other arrangements, and are subject to ownership caps and transfer restrictions. Galaxy Digital UK acted as exclusive financial adviser to Morpho, according to the…