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Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns

Trump Media & Technology Group reported a significant loss of $406 million in the first quarter, largely attributed to markdowns on its cryptocurrency holdings and the valuation of its Chief Revenue Officer. The company's financial struggles highlight the volatility and challenges faced in the crypto market. This loss marks a substantial increase compared to previous quarters, raising concerns about the sustainability of its business model. The report underscores the impact of cryptocurrency fluctuations on traditional media companies.

Read the full article: CoinDesk

Three young DeFi apps return $100M in revenue to token holders in 30 days

Three emerging decentralized finance (DeFi) applications have collectively returned $100 million in revenue to their token holders within a span of 30 days. These apps have gained significant traction in the DeFi space, attracting users and investors alike. The revenue distribution highlights the potential profitability of innovative DeFi projects. This

Bitcoin holds $80K into weekly close as traders say BTC price dip not yet over

Bitcoin has managed to maintain its price above $80,000 as the weekly close approaches, despite ongoing concerns among traders about a potential further dip in its value. Analysts suggest that the current price action indicates that the downward trend may not be finished, with some predicting additional volatility in

Ethereum down 35% versus Bitcoin in a year: Will the ETH price downtrend continue?

Ethereum has experienced a significant decline, falling 35% against Bitcoin over the past year. Analysts are questioning whether this downtrend will persist, as various market factors and investor sentiment play a crucial role in ETH's performance. Despite Ethereum's ongoing developments and upgrades, including the transition to

Bored Ape NFTs are finally making a comeback as crypto traders rediscover their appetite for risk

Bored Ape NFTs are experiencing a resurgence as crypto traders are regaining their appetite for risk. Following a period of declining interest, sales of Bored Ape NFTs have surged, with some pieces fetching high prices at auctions. This revival is attributed to a broader recovery in the cryptocurrency market, which

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Three young DeFi apps return $100M in revenue to token holders in 30 days

Bitcoin holds $80K into weekly close as traders say BTC price dip not yet over

Ethereum down 35% versus Bitcoin in a year: Will the ETH price downtrend continue?

Bored Ape NFTs are finally making a comeback as crypto traders rediscover their appetite for risk