Day: April 9, 2025

No crypto project has registered with the SEC and ‘lived to tell the tale’ — House committee hearing

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United States securities laws are not flexible enough to account for digital assets, as evidenced by the parade of crypto-native companies that have tried and failed to get into the Securities and Exchange Commission’s (SEC) good graces, Rodrigo Seira, special counsel to Cooley LLP, told a House Committee hearing on April 9. The hearing, titled American Innovation and the Future of Digital Assets Aligning the U.S. Securities Laws for the Digital Age, featured Seira, WilmerHale partner Tiffany J. Smith, Polygon chief legal officer Jake Werrett and Alexandra Thorn, a senior…

Bitcoin has ‘fully decoupled’ despite tariff turmoil, says Adam Back

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As markets reel from geopolitical tensions and economic uncertainty, Bitcoin has shown relative resilience during events like Trump’s recent tariff bombshells, according to Blockstream CEO Adam Back. While in the short term, Bitcoin (BTC) may move in tandem with stocks and other risk-on assets, Back sees the long-term trend telling a different story. “Bitcoin is fully decoupled because it’s gone up five or six times since the bottom of the market three years ago,” he said during an exclusive interview with Cointelegraph at Paris Blockchain Week. Back, who is one…

Trump’s Treasury Secretary Bessent vows to address regulatory roadblocks to blockchain and stablecoin growth

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Key Takeaways Treasury Secretary Scott Bessent plans to review regulations affecting blockchain technology and digital assets. Financial inclusion is a key priority under Scott Bessent’s vision for regulatory reforms. Share this article The US Treasury will re-evaluate regulations that may be hindering innovation in blockchain, stablecoins, and emerging payment technologies, said Treasury Secretary Scott Bessent at the American Bankers Association conference on Wednesday. 🇺🇸 JUST IN: Treasury Secretary Scott Bessent says the US government is reviewing “regulatory barriers to blockchain, stablecoins, and emerging payment systems.” pic.twitter.com/G0dctlPSIC — Crypto Briefing (@Crypto_Briefing)…

DeFi security and compliance must be improved to attract institutions

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Opinion by: Sergej Kunz, co-founder of 1inch Institutional players have been closely watching decentralized finance’s growth. Creating secure and compliant DeFi platforms is the only solution to build trust and attract more institutions. Clear waters attract big ships Over the past four years, institutional DeFi adoption has gone from 10% of hedge funds to 47%, and is projected to rise to 65% in 2025. Goldman Sachs is reaching their arms to DeFi for bond issuance and yield farming.  Early adopters are already positioning themselves in onchain finance, including Visa, which…

Bitcoin price at risk of new 5-month low near $71K if tariff war and stock market tumult continues

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Bitcoin (BTC) price made a swift move to $78,300 at the April 9 Wall Street open as “herd-like” price action in equities markets continued to spook risk-asset traders. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin gyrates as stocks make history Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retargeting five-month lows under $75,000 before rebounding leading into the NY trading session. A deepening US-China trade war kept stocks on their toes, having cost Bitcoin the $80,000 mark the day prior. Highly unusual market behavior had accompanied US tariff announcements, and…

Binance to launch second reward-bearing margin asset LDUSDt

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Binance is launching a new “reward-bearing margin asset” LDUSDt, which the company says is not a stablecoin. According to an April 9 announcement, LDUSDt can be obtained by swapping Tether’s USDt deposited in the firm’s Simple Earn yield product. Binance stated that holders of LDUSDt will continue to earn yield rewards through Simple Earn, even while using the token for margin trading. This marks the second time Binance has launched a reward-bearing margin asset. Binance launched its first reward-bearing margin asset, BFUSD, in 2024. At the time of the launch, Binance had…

Digital euro to limit stablecoin use in Europe — ECB exec

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The European Central Bank is intensifying its warnings over stablecoin adoption, with one of its top officials calling for a digital euro to curb the influence of US dollar-pegged stablecoins across the continent. ECB executive board member Piero Cipollone has penned another article highlighting concerns over the growing popularity of US dollar stablecoins, arguing that launching a central bank digital currency (CBDC) could help preserve the eurozone’s monetary sovereignty. A potential digital euro “would limit the potential for foreign currency stablecoins to become a common medium of exchange within the…

Bitcoin DeFi booms as Core blockchain hits $260M in dual-staked assets

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Core, a proof-of-stake blockchain built on Bitcoin, has surpassed $260 million in dual-staked assets as institutional interest in Bitcoin-based decentralized finance (DeFi) continues to grow. Core’s initial contributor, Rich Rines, told Cointelegraph that as of April 7, over 44 million Core tokens have been dual-staked with 3,140 Bitcoin (BTC). At the time of writing, the assets are worth about $260 million.  Core’s dual-staking model lets Bitcoin holders earn higher yields with CORE tokens. While users can stake BTC at a lower rate, those who stake BTC with Core tokens get…

Binance unveils LDUSDT to let users earn real-time APR rewards while trading futures

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Key Takeaways Binance is launching LDUSDT, a new dual-benefit margin asset offering APR rewards and futures trading. LDUSDT allows conversion of USDT Flexible assets for trading while earning Real-Time APR Rewards. Share this article Leading crypto exchange Binance is set to launch LDUSDT, a new reward-bearing margin asset that enables users to earn real-time APR rewards while trading futures, blending capital efficiency with income generation, the company announced Wednesday. LDUSDT, our latest reward-bearing margin asset, is coming soon. Swap USDT Simple Earn Flexible Product Assets for LDUSDT and earn Real-Time…

Bitcoin’s safe-haven appeal grows during trade war uncertainty

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The global trade war may be a silver lining for Bitcoin’s growing recognition as a safe-haven asset next to gold, thanks to its liquidity and accessibility advantages compared with precious metals. Financial markets have been rattled since US President Donald Trump’s April 2 reciprocal import tariffs announcement, leading to record-breaking sell-offs for traditional stock markets and a Bitcoin (BTC) correction below $75,000. While gold remains the dominant refuge for investors during geopolitical stress, analysts say Bitcoin’s digital nature and 24/7 liquidity are helping it attract renewed interest. “You want to…