Tag: token listing mechanism

BroadChain learned that, as of April 17 at 20:16, according to NewsBTC, approximately 20% of the Bitcoin mining industry is currently operating at a loss—this directly explains the recent wave of selling observed early in 2026. Per Hashrate Index data, the 'hash price'—a metric measuring miners’ daily revenue per unit of hash rate—has been declining continuously since July 2025 and now stands at roughly $33 per PH/s/day. Meanwhile, the break-even point for many miners—especially those using older equipment—is around $35. This narrow margin is pushing numerous mining firms into losses. According to TheEnergyMag, companies including MARA, CleanSpark, Riot, and Can

BroadChain learned that, at 20:00 on April 17, according to PANews, Charles Schwab announced the launch of its spot cryptocurrency trading service named Schwab Crypto, which will be rolled out to retail customers in phases over the coming weeks, supporting direct trading of BTC and ETH and integrating with its existing business. NFT platform Foundation will gradually cease operations due to incomplete sale transactions; its platform infrastructure has been shut down, though users retain on-chain control of their assets. The CEO of Polish crypto exchange Zonda disclosed an address holding approximately 4,503 BTC, stating that the private key for this cold wallet was not transferred by the former CEO during the company’s leadership transition—causing withdrawal issues; the company denies any fund-related issues.

BroadChain learned that, at 20:00 on April 17, according to PANews, Sony announced its blockchain business is transitioning from the experimental phase to commercialization, with a core focus on tokenizing intellectual property (IP) assets. Building on the Ethereum Layer2 network 'Soneium,' Sony has established an ecosystem encompassing DApps, the incubation program SPARK, and the exchange S.BLOX. To date, Sony has selected 23 projects for investment from over 2,000 applications and is preparing to establish a GP/LP fund to attract external capital. The company is exploring how blockchain technology can activate its IP assets across music, gaming, and film & television industries, while simultaneously advancing related legal and regulatory frameworks.

BroadChain learned that on April 17 at 19:30, according to CryptoNews, Cardano founder Charles Hoskinson recently publicly pointed out technical labeling errors and functional shortcomings in Bitcoin developers’ quantum defense proposal, BIP-361. In a video analysis, he stated that although the proposal is marketed as a soft fork, it would actually require a hard fork to implement—because it invalidates the existing signature schemes relied upon by current active users. A deeper issue lies in the recovery mechanism: BIP-361 proposes that users reclaim frozen funds via zero-knowledge proofs linked to their BIP-39 mnemonic phrases, but approximately 1.7 million BTC (including reportedly...

BroadChain learned that, at 19:30 on April 17, according to Bitcoinist, trading activity for XRP ETFs has significantly intensified, with data indicating increasingly active participation by institutional capital in this asset. BankXRP noted that trading volumes for multiple XRP-related exchange-traded funds (ETFs) have surged recently, and the activity levels of several issuers have expanded rapidly. Latest trading data shows that the total daily trading volume for XRP ETFs has climbed to $26.02 million, with Bitwise Asset Management’s XRP ETF accounting for the largest share at $11.14 million in daily trading value, followed by Franklin Templeton at $8.39 million.

BroadChain learned that on April 17 at 19:16, according to Bitcoinist, X Money—the payments feature under X’s platform—has raised alarms in Washington with its promised 6% annualized deposit yield. Senator Elizabeth Warren sent a letter to Elon Musk on Tuesday questioning how such a yield is achievable amid the current federal funds rate of 3.5%–3.75%, and what risks it may entail. Warren noted that Cross River Bank—the partner bank for X Money—had previously been penalized by the Federal Deposit Insurance Corporation (FDIC), and asked whether the yield stems from high-risk investments, data collection, or other undisclosed operations. She also warned that X Money’s plans to enter stablecoins and cryptocurrency could threaten financial stability and national security.

BroadChain learned that, at 19:16 on April 17, according to Bitcoinist, the Ethereum price is attempting to break above the $2,400 resistance level, continuing its rebound from the February crash low of approximately $1,750. Market sentiment remains cautious, with each upward attempt encountering selling pressure. However, CryptoOnchain’s report reveals a critical supply metric: Binance’s Ethereum reserves have fallen to roughly 3.31 million ETH—the lowest since early 2021. This data carries structural significance—when Binance’s reserves last stood at this level, ETH was trading around $590; today’s price has surged nearly fourfold, yet exchange-available supply continues to shrink. Data shows that Binance…

BroadChain learned that on April 17 at 19:00, according to Bitcoinist, Chinese-Canadian educator and YouTube channel "Predicting History" host Xueqin Jiang recently advanced a controversial claim suggesting Bitcoin may have been created by the U.S. Central Intelligence Agency (CIA) or a broader "deep state," rather than by the anonymous developer Satoshi Nakamoto. In a podcast episode aired on April 15, Jiang applied game-theoretic elimination to challenge the standard origin narrative as "illogical," arguing that entities possessing blockchain technical capability, standing to benefit from its creation, and having strong incentives for secrecy are most likely U.S. intelligence and defense agencies—such as DARPA, NSA, and the CIA. He posits that blockchain’s strategic purpose includes surveillance and

BroadChain learned that, as of 19:00 on April 17, according to Bitcoinist, data shows that although prices of cryptocurrencies like BTC have recently rebounded, the market sentiment indicator—the Fear & Greed Index—remains in the 'Extreme Fear' zone. Compiled by Alternative.me, this index integrates five factors: trading volume, market cap share, volatility, social media sentiment, and Google Trends. Its scale ranges from 0 to 100, where values below 47 indicate fear, above 53 indicate greed, below 25 denote 'Extreme Fear', and above 75 denote 'Extreme Greed'. Since Q4 2025, persistent bearish market sentiment has kept the index entrenched in the 'Extreme Fear' zone. In March this year...

BroadChain learned that, at 18:30 on April 17, according to NewsBTC, Japan’s largest loyalty program, Rakuten, has integrated its approximately $23 billion worth of over 3 trillion accumulated loyalty points with XRP—enabling users to directly exchange points for XRP within Rakuten Pay and Rakuten Wallet. This move transforms a widely adopted existing rewards system into a direct, exchange-account-free entry point to digital currency—not merely adding another cryptocurrency option. Following the announcement, XRP’s price rose to $1.38, pushing its market cap above $84 billion, with a 24-hour trading volume reaching $2.4 billion.

BroadChain learned that, according to NewsBTC, following U.S. President Trump’s announcement on April 17 at 18:16 of a 10-day ceasefire agreement between Israel and Lebanon, market risk sentiment improved and Bitcoin price rebounded accordingly. Per TradingView data, Bitcoin rose on Thursday from an intraday low of approximately $73,050 to $74,650. This diplomatic breakthrough eased broader geopolitical risks—previously, Iran had explicitly stated it would withdraw from its ceasefire agreement with the U.S. if Israel did not halt its attacks on Lebanon. With the Israel-Lebanon ceasefire terms now reached, prospects for a second round of U.S.-Iran negotiations appear brighter. Polymarket data shows market expectations for April 22.

BroadChain learned that Grinex — a Kyrgyzstan-registered exchange linked to Russia's crypto market — suspended withdrawals and trading following a major cyberattack on April 17 at 18:16. According to a statement on the exchange’s website, over 1 billion rubles (approximately $13.1 million) were stolen, and the attack was attributed to a 'coordinated operation aimed at undermining Russia’s financial sovereignty,' requiring resources and technology from 'hostile nations.' Blockchain analytics firm Elliptic noted that suspected attackers stole approximately $15 million worth of USDT from Grinex-associated wallets, subsequently transferring and swapping the funds via the TRON and Ethereum networks.