onomiblock

TLDR Digital asset wealth management firm Abra is merging with New Providence Acquisition Corp. III (NPACU) in a SPAC transaction The transaction assigns Abra a pre-money equity valuation of $750 million Following the merger, the entity will trade on Nasdaq using the ticker symbol ABRX The deal provides access to up to $300 million from trust funds, contingent on redemption levels The company previously reached settlements with the SEC and 25 state regulators in 2024 over compliance issues Digital asset wealth management firm Abra revealed plans Monday to enter public markets through a merger agreement with special purpose acquisition company New Providence Acquisition Corp. III. In a landmark development for the digital asset industry, cryptocurrency brokerage platform Abra has officially announced a definitive merger agreement with Special Purpose Acquisition Company New Providence Acquisition Corp. https://t.co/nfOYvK6gHD pic.twitter.com/Ja1mXmlR6V — BitcoinWorld Media ...

Satu Wallet , developed by PT Bintan Teknologi Kreatif, has officially launched its non-custodial crypto wallet on both Google Play and the Apple App Store. Designed under the tagline “Satu for All,” the platform combines multi-chain wallet management, token swapping, portfolio tracking, market analysis, and a built-in prediction market — all within a single mobile application. Alongside the app, the team has introduced the $SATU utility token on the Solana blockchain through a fair launch on PumpFun, with no presale, no private investors, and no hidden allocations. The token is now listed on CoinGecko and tradeable on DEX Screener , Raydium, Orca, and PumpSwap. A Single App for the Entire Crypto Experience Most crypto users juggle between multiple applications — one wallet for storage, another for swaps, a separate portfolio tracker, and a browser for DeFi. Satu Wallet consolidates these functions into one interface. The app currently supports over 50 blockchains and indexes more ...

TLDR: $3.44B in leveraged long positions sit near $66.5K, risking forced liquidations. Bitcoin trades around $71,544, consolidating below resistance at $72K. MACD shows fading bullish momentum, RSI at 58 indicates moderate buying strength. Breakdown below $70K could trigger rapid liquidation of billions in longs. Bitcoin faces a critical liquidation risk as over $3.4B in leveraged long positions sit near $66.5K. A $5,000 drop from the current $71,595 level could trigger significant forced liquidations. Leveraged Long Positions and Market Pressure According to Coinglass data, the largest cluster of long liquidations is concentrated around $66,500. Over $3.44 billion in cumulative leveraged positions sit below Bitcoin’s current price , spread across major exchanges such as Binance, OKX, and Bybit. If Bitcoin drops roughly $5,000, these positions would be automatically closed. Exchanges sell Bitcoin to cover losses, creating additional downward pressure on the market.  This...

TLDR: A DeFi user lost $50.4M swapping aEthUSDT for aEthAAVE after confirming a 99.9% price impact warning. CoW Swap’s legacy gas ceiling and solver failure forced the trade through a $73K illiquid SushiSwap pool. A mempool leak exposed the transaction, letting an MEV bot execute a sandwich attack for $9.9M profit. Titan Builder extracted ~$34M in ETH, while Aave and CoW Swap have since patched their security gaps. A DeFi user suffered approximately $50.4 million in losses from a single swap on the Aave platform. The user exchanged aEthUSDT for aEthAAVE through a CoW Swap widget and received only $36,000 in return. Both Aave and CoW Swap have released detailed post-mortem reports on the incident. The reports cite a combination of user error, illiquid markets, and multiple technical failures. MEV bots also exploited the situation, extracting tens of millions in profit from the DeFi trade. How a Series of Technical Failures Enabled the Loss The user manually confirmed a “...

TLDR: Ethereum futures volume on Binance now exceeds spot trading by more than sixfold in March 2025. ETH open interest has dropped by 400,000 ETH since January, erasing nearly $4 billion in exposure. Core PCE inflation hit 3.1% YoY, reducing the Federal Reserve’s room to cut interest rates soon. Rising oil prices tied to U.S.-Iran tensions may worsen inflation data through March and April 2025. Ethereum futures volume on Binance now outpaces spot trading by more than sixfold. This shift comes as U.S.-Iran tensions continue pushing oil prices higher. Last week, core CPI came in at 2.5% year-over-year, while core PCE reached 3.1%. These numbers are adding fresh strain to an already fragile U.S. economy. As uncertainty grows, investors are pulling back from risk assets, including crypto. The altcoin sector is feeling this pressure most sharply, with Ethereum bearing the heaviest weight. ETH Spot Market Hits Its Weakest Level Since 2023 The spot-to-futures ratio for Ethereum ...

TLDR The TOKEN2049 Dubai conference has been rescheduled to April 2027, while TON Gateway Dubai was completely scrapped due to escalating Middle East tensions Formula 1 has officially removed both the Bahrain Grand Prix (April 12) and Saudi Arabian Grand Prix (April 19) from its 2026 schedule The motorsport league stands to lose approximately $200 million in revenue and $80 million in EBITDA from these two canceled events Leading cryptocurrency platforms OKX, Crypto.com, and Bybit, all major F1 sponsors with multi-million dollar agreements, face impact from race cancellations Several additional business conferences and trade shows in the United Arab Emirates have been rescheduled or indefinitely postponed, including Middle East Energy Dubai Escalating military tensions across the Middle East have compelled Formula 1 to abandon two major Grand Prix events while forcing prominent cryptocurrency conferences to relocate entirely from the region. F1 to cancel the Bahrain and Sau...