Day: April 11, 2025

Trump kills DeFi broker rule in major crypto win: Finance Redefined

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In a significant win for decentralized finance (DeFi) protocols, US President Donald Trump overturned the Internal Revenue Service’s DeFi broker rule, which would have expanded existing reporting requirements to include DeFi platforms. Increasing US crypto regulatory clarity will attract more tech giants to the space, requiring existing crypto projects to focus on more collaborative tokenomics to survive, according to Cardano founder Charles Hoskinson. Trump signs resolution killing IRS DeFi broker rule Trump signed a joint congressional resolution overturning a Biden administration-era rule that would have required DeFi protocols to report…

Bitcoin sellers tap out, clearing the path for a fresh run at new all-time highs

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Bitcoin (BTC) price has rebounded by over 11% from the April. 7 low of $74,400, and analysts believe that onchain and technical indicators point to a sustained recovery. According to popular analyst AlphaBTC, Bitcoin will see a sustained recovery if it holds above $81,500. Bitcoin price reclaimed the $80,000 psychological level after retesting the “weekly open and filling in some of the inefficiency left by the Trump 90-day pause pump,” the analyst said in an April 10 post. “I really want to see it back above 81.5k soon, and we…

Pakistan proposes compliance-based crypto regulatory framework — Report

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Regulators in Pakistan have proposed a regulatory framework for digital assets that is compliance-focused, in accordance with rules laid out by the Financial Action Task Force (FATF), the supranational organization that polices finance for money laundering, The Express Tribune reported. According to the report, Pakistan’s Federal Investigation Agency (FIA) introduced the regulatory framework to address terrorism financing, money laundering provisions, and Know Your Customer (KYC) controls enforced by the supranational organization. The report cited FIA Director Sumera Azam as saying: “This is a paradigm shift in how Pakistan views digital…

Bitcoin isn’t gold’s twin — Franklin Templeton data shows

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Key Takeaways Bitcoin shows stronger correlation with tech stocks rather than gold. Bitcoin’s correlation with the Nasdaq has reached as high as 0.7 in the past three years. Share this article Bitcoin shows a stronger correlation with tech stocks than gold, according to Franklin Templeton Digital Assets’ new report, “When Gold Zigged, Bitcoin Moonwalked,” which discusses the common narrative that Bitcoin is “digital gold.” Franklin’s digital asset team analyzed three years of data and found that the price correlation between Bitcoin and gold is weak. Research shows that Bitcoin’s correlation…

S&P 500 briefly sees ‘Bitcoin-level’ volatility amid Trump tariff war

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The S&P 500 Index briefly experienced Bitcoin-level volatility in the wake of US President Donald Trump’s April 2 “Liberation Day” tariff announcement, underscoring the panic and fear gripping traditional markets amid the ongoing trade war.  Bloomberg analyst Eric Balchunas alerted his followers on X that the S&P 500’s volatility, as measured by the “SPY US Equity Hist Vol” chart, reached 74 in early April, exceeding Bitcoin’s (BTC) 71 level.  Source: Eric Balchunas The increase marks a significant deviation from the S&P 500’s long-term volatility average, which is below 20.  For…

BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX

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Bitcoin (BTC) is showing strength as buyers have pushed the price above $82,500, but higher levels are likely to attract solid selling from the bears. CryptoQuant analysts said in a recent market report that Bitcoin could face resistance around $84,000, but if the level is surpassed, the next stop may be $96,000. Although trade tensions between the United States and China have flared up, institutional crypto investment firm Bitwise remains bullish on Bitcoin. Bitwise chief investment officer Matt Hougan said in a post on X that the firm’s previously predicted…

Bitcoin holds $82K as US dollar falls to 3-year low and PPI inflation drops sharply

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Bitcoin (BTC) sought higher levels around the April 11 Wall Street open as the week’s final US inflation data gave bulls hope. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Analyst: PPI undershoot “great” for US trade war Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching highs of $83,245 as US Producer Price Index (PPI) data came in below expectations. The Index came in at 2.7% versus the anticipated 3.3%, while the core PPI print also surprised to the downside. An official news release from the US Bureau of Labor Statistics…

Speculation is DeFi’s double-edged sword

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Opinion by: Billy Campana, contract developer, Api3  Speculation is a cornerstone of price discovery for traditional finance institutions like hedge funds and major banks and plays an essential role in their day-to-day operations. It is the mechanism by which they can establish reliable valuations for everything, ranging from simple stocks and bonds to complex derivatives and structured products.  While decentralized finance (DeFi) is often criticized for its speculative “casino” nature, this is, in reality, one of its strengths: making practices like arbitrage more accessible to everyone and empowering individuals to…

Vitalik Buterin unveils roadmap for Ethereum privacy

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Ethereum co-founder Vitalik Buterin outlined an extensive plan to enhance the privacy of the network he helped create. In an April 11 roadmap, Buterin argued for incorporating privacy tools into Ether (ETH) wallets and implementing privacy-enhancing norms and features in the Ethereum ecosystem and protocol. He explained that the roadmap in question is a short-term solution that requires limited changes to the base protocol along with supplemental long-term updates. Buterin recommends adopting privacy-enhancing systems such as Railgun or Privacy Pools by existing wallets, according to the plan. When funds are…

The 14 Types Of People You’ll Definitely See At Bitcoin 2025

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Loud. Friendly. Huggy. The Bitcoin Bro is your hype man for hyperbitcoinization. He doesn’t know what “joules per terahash” means, but he’s onboard for the vibes and will yell “Buy the dip!” during your panel Q&A. They party hard, orange-pill harder, and are basically Bitcoin’s version of a frat brother with a bull market pump tattooed on his calf. 🟧 Want to party with the Bitcoin Bros IRL? Secure your pass to Bitcoin 2025. No halving knowledge required. Slicker than a fresh seed phrase, this guy’s teeth are whiter than…