Day: April 8, 2025

Binance to purge 14 tokens following ‘vote to delist’ process

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Binance is planning to delist 14 tokens from its platform on April 16 in a move designed to purge low-quality projects that do not adhere to the crypto exchange’s tighter listing requirements.  The tokens are being delisted following a “comprehensive evaluation of multiple factors,” including the exchange’s first “vote to delist” results, where community members nominated projects with less than stellar metrics, Binance announced on April 8. Other factors included the team’s commitment to the project, development activity, trading volume and liquidity, network stability, responsiveness to Binance’s due diligence requests…

Bitcoin rebounds as traders spot China ‘weaker yuan’ chart, but US trade war caps $80K BTC rally

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Bitcoin (BTC) danced around $80,000 at the April 8 Wall Street open as US stock markets staged a fresh recovery, but unresolved tensions between China and the US continue to put a damper on BTC’s upside. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Hayes: Bitcoin can repeat historic China inflows Data from Cointelegraph Markets Pro and TradingView showed BTC price volatility cooling while the S&P 500 and Nasdaq Composite Index gained up to 4.3% in the first few hours of trading. Stocks built on a strong rebound that had accompanied the start…

Ripple acquisition of Hidden Road a ‘defining moment’ for XRPL — Ripple CTO

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Ripple’s $1.25 billion acquisition of prime broker Hidden Road is a “defining moment” for the blockchain payments company, potentially unlocking more use cases for the XRP Ledger among institutions, said David Schwartz, Ripple’s chief technology officer.  “Ripple’s acquisition of Hidden Road is a defining moment for the XRP Ledger and XRP,” Schwartz said on social media on April 8.  Hidden Road is a prime brokerage and credit network with more than 300 institutional customers. On a typical day, it clears more than $10 billion and processes more than 50 million…

Scaling the EVM requires an L1, not an L2

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Opinion by: Jay Jog, co-founder of Sei Labs  When CryptoKitties crashed the Ethereum network in 2017, the industry learned a hard lesson about blockchain scalability. Today, with over $100 billion locked in decentralized finance (DeFi) and millions of non-fungible tokens (NFTs) being traded, that lesson is more relevant than ever. The Ethereum Virtual Machine (EVM) — the engine that powers this activity — is reaching its limits. So far, the crypto community’s answer has been layer 2 solutions — separate chains that process transactions and report back to Ethereum. But…

Crypto execs expect global banking push into Bitcoin by end of 2025

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Despite the ongoing market meltdown on US trade tariffs, executives at major cryptocurrency firms Messari and Sygnum are bullish on institutional Bitcoin adoption later in 2025. Speaking on a panel at Paris Blockchain Week on April 8, Messari CEO Eric Turner and Sygnum Bank co-founder Thomas Eichenberger said they expect a significant shift in the banking sector’s involvement with crypto in the second half of the year. According to the executives, the global banking push into Bitcoin (BTC) services has great potential to happen in the second half of 2025…

Canary Capital seeks SEC approval for a Sui ETF involving staking

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Key Takeaways The Cboe BZX Exchange has filed a proposal for the Canary SUI ETF, the first ETF designed to track the performance of the SUI digital asset. The SUI Network’s fully diluted market cap exceeds $22.5 billion, and the network uses a unique consensus mechanism called Narwhal and Bullshark. Share this article Asset manager Canary Capital is seeking approval from the SEC to launch a spot Sui exchange-traded fund that features staking. The Cboe BZX Exchange has submitted a 19b-4 form to the SEC, proposing a rule change to…

Cboe set to launch new FTSE Bitcoin futures product in April

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The Chicago Board Options Exchange (Cboe) has announced the launch of a new Bitcoin futures derivative product. According to an April 7 announcement, Cboe plans to launch the FTSE Bitcoin Index futures on April 28, which is based on the VanEck Bitcoin Strategy ETF (XBTF), if approved by regulators. The new product will be cash-settled, and like XBTF, it will represent one-tenth of the value of the FTSE Bitcoin Index. The futures will settle on the last business day of each month. This is the first product that was launched…

Ripple Announces $1.25B Acquisition Of Hidden Road To Set Major Milestone

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ripple Labs has announced a major acquisition to shock the market out of an otherwise dreadful week. Taking to X (formerly Twitter), the crypto firm announced that it has…

Dubai gov’t agencies to link real estate registry with property tokenization

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Dubai’s real estate and crypto regulatory authorities have signed a new agreement aimed at expanding digital asset adoption in the real estate sector. On April 6, the Dubai Land Department (DLD) announced an agreement with the Virtual Assets Regulatory Authority (VARA). According to the announcement, the agreement will link Dubai’s real estate registry with property tokenization through a governance system.  The agreement aims to improve digital infrastructure and attract global investment by enhancing market liquidity and property management efficiency. It also aims to support Dubai’s broader economic strategy, which includes…

US DOJ scraps crypto crime team under Trump’s new policy era

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Key Takeaways The US Department of Justice disbanded its National Cryptocurrency Enforcement Team under Trump’s administration. Trump’s administration is easing crypto regulations and issued executive orders to provide clarity to the industry. Share this article The US Department of Justice has dissolved its National Cryptocurrency Enforcement Team (NCET), a unit focused on investigating and prosecuting crypto-related crimes, Fortune reported Tuesday, citing an internal memo. The disbandment of NCET, reportedly effective immediately, comes as the US witnesses a rapid and extensive transformation in crypto regulation under the Trump administration, a clear…