Day: April 9, 2025

Crypto-friendly Paul Atkins confirmed by Senate to lead the SEC

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Key Takeaways Paul Atkins confirmed as SEC chair, replacing Gary Gensler. Atkins aims to introduce a rational crypto framework at SEC. Share this article The US Senate on Wednesday confirmed Paul Atkins as head of the US Securities and Exchange Commission (SEC) in a 52-44 vote. He is expected to be sworn in and assume his new role in the coming days. Atkins, chosen to lead the country’s top securities market regulator by President Donald Trump, will work closely with other SEC commissioners, including Republicans Hester Peirce and Mark Uyeda,…

XRP Primed for a Comeback as Key Technical Signal Hints at Explosive Move

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XRP’s recent recovery has sparked fresh optimism among traders, but what’s happening behind the scenes tells an even more compelling story. This isn’t just a typical bounce; the charts reveal a calculated shift in momentum. Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are beginning to align, suggesting that XRP is approaching a crucial decision zone.  Following the recent downturn in the market, the price is now on a bullish recovery after testing the $1.7 key support level with increasing conviction. If the current…

Bitcoin Magazine, Bitcoin Policy Institute Launch “The Bitcoin Policy Hour” To Explore Global Finance, Policy And Monetary Trends

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New Show Release – “The Bitcoin Policy Hour” April 9, 2025 – Nashville, TN – Bitcoin Magazine, in collaboration with the Bitcoin Policy Institute (BPI), has officially launched a new weekly show titled The Bitcoin Policy Hour, a timely and incisive series focused on political economy, macroeconomic policy, and the evolving global financial order. The weekly show features BPI Executive Director Matthew Pines, Head of Policy Zack Shapiro, and Growth Associate Zack Cohen. With decades of combined experience in national security, regulatory affairs, and economic research, this trio brings a…

Ethereum Researcher Virgil Griffith released from prison

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Ethereum researcher Virgil Griffith was released from prison custody on April 9, the Bureau of Prison (BOP) officials confirmed to Cointelegraph. According to crypto developer Brantly Millegan, Griffith will remain in a halfway house for several weeks while waiting to complete the next steps in his parole process. Griffith was arrested in 2019 for giving a lecture about blockchain technology and its power to circumvent US sanctions to an audience in North Korea. Virgil Griffith pictured in the center with his parents immediately following his release from prison custody on…

AAVE soars 13% as buyback proposal passes among tokenholders

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Aave’s tokenholders approved a governance proposal to start buying back the decentralized finance (DeFi) protocol’s governance token, AAVE, as part of a broader tokenomics overhaul, Aave said on April 9.  The proposal — which was approved by more than 99% of AAVE tokenholders — permits the protocol to purchase $4 million in AAVE (AAVE) tokens, enough for one month of buybacks.  The move is a “first step” toward a broader plan to repurchase $1 million AAVE tokens weekly for six months. It is also the latest instance of DeFi protocols implementing…

Bitcoin price soars to $83.5K — Have pro BTC traders turned bullish?

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US equities and crypto markets shifted dramatically on April 9 after  US President Donald Trump announced a 90-day pause on his reciprocal tariffs, except for China. Bitcoin (BTC) price responded by surging by 5% in less than an hour, reclaiming the $83,000 level which was last seen on April 6. While the S&P 500 gained 8%, Bitcoin derivative metrics have yet to turn bullish as traders remain cautious about changes in US long-term government bonds. Bitcoin 2-month futures annualized premium. Source: Laevitas.ch The BTC futures premium briefly rose above the…

SEC approves options on spot Ether ETFs

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The United States Securities and Exchange Commission (SEC) has approved options trading for multiple spot Ether exchange-traded funds (ETFs), a move that may broaden the investment appeal of Ether among institutional traders. The SEC issued the approval on April 9 after reviewing a proposed rule change submitted by BlackRock for its iShares Ethereum Trust (ETHA) on July 22, 2024. Similar approvals were granted to Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Mini Trust (ETH), as well as Fidelity Ethereum Fund (FETH). “[T]he Exchange proposes to amend…

Trade tensions to speed institutional crypto adoption — Execs

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Mounting international trade tensions are rattling cryptocurrency markets — but they could also accelerate institutional crypto adoption, several industry executives told Cointelegraph.  Since US President Donald Trump announced sweeping tariffs on US imports on April 2, core cryptocurrencies experienced double-digit price swings, worsening an ongoing market rout starting earlier this year.  However, “[t]he silver lining is that economic uncertainty has historically accelerated institutional interest in digital assets as a diversification strategy,” David Siemer, co-founder and CEO of Wave Digital Assets, told Cointelegraph. Bitcoin has already shown “signs of resilience” amid…

Bitcoin $100K target ‘back on table’ after Trump tariff pause supercharges market sentiment

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Bitcoin (BTC) staged a sharp rebound after US President Donald Trump announced a pause on tariffs for non-retaliating countries, reigniting bullish momentum and raising hopes for a potential surge toward the $100,000 mark. On April 9, BTC/USD surged by approximately 9%, reversing most of the losses it incurred earlier in the week, to retest $83,000. In doing so, the pair came closer to validating a falling wedge pattern that has been forming on its daily chart since December 2024. A falling wedge pattern forms when the price trends lower inside…

Jack Dorsey’s Block Launches Open Source Tools To Simplify Bitcoin Treasury Management

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Block announced it has released a new open source toolkit designed to help companies manage their Bitcoin treasury holdings more efficiently. The release includes a corporate Bitcoin holdings dashboard and a BTC-to-USD real-time price quote API, now available for all companies and developers via Block’s public GitHub repository under the Block Open Source initiative. As Bitcoin adoption grows among institutional treasuries, businesses are seeking better tools to track and report their holdings. Block’s new dashboard directly addresses these needs, offering real-time visibility, simplicity, and adaptability. The dashboard aims to help…