Day: April 17, 2025

Binance Advising Multiple Governments On Strategic Bitcoin Reserve

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Financial Times reports that bitcoin and crypto exchange Binance is advising several countries on creating their own bitcoin and crypto regulations and establishing national strategic bitcoin reserves. Binance CEO Richard Teng revealed that multiple governments seek the exchange’s guidance on establishing strategic bitcoin reserves and crafting digital asset policies following recent U.S. moves toward creating a national bitcoin stockpile. “We have actually received quite a number of approaches by a few governments and sovereign wealth funds on the establishment of their own crypto reserves,” Teng said in an interview with…

Cash-based crypto can enable financial inclusion for billions

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Opinion by: Alexander Guseff, founder and CEO of Tectum Crypto companies have spent years pushing digital wallets and exchange apps, convinced they’ll bring financial inclusion to the world. Here’s the reality: 1.4 billion people remain unbanked, and crypto adoption has barely exceeded 8%. For all the talk about decentralization and accessibility, the industry continues to overlook the billions of people who rely on cash for their daily lives. In developing economies of Africa, South Asia and Latin America, cash is not just dominant — it’s essential. Banking services are sparse,…

Crypto, stocks enter ‘new phase of trade war’ as US-China tensions rise

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Cryptocurrency and equities markets entered a “new phase of the trade war, amid ongoing tariff escalations between the United States and China. Global trade war concerns intensified on April 15 after the White House published a fact sheet announcing that Chinese imports would be hit with tariffs of up to 245%. The penalties include a “125% reciprocal tariff, a 20% tariff to address the fentanyl crisis, and Section 301 tariffs on specific goods, between 7.5% and 100%,” according to the White House. Fact sheet on tariffs, investigation into security risks…

How Meta’s antitrust case could dampen AI development

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Meta, the parent company of Facebook, Instagram, WhatsApp and Messenger, is facing antitrust proceedings that could limit its ability to develop AI amid a field of competitors. First filed in 2021, the Federal Trade Commission (FTC) alleges that Meta’s strategy of absorbing firms — rather than competing with them — violates antitrust laws. If the court rules against Meta, it could be forced to spin out its various messenger services and social media sites into independent companies. The loss of its stable of social media companies could harm Facebook’s competitiveness…

Bitcoin price levels to watch as Fed rate cut hopes fade

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Bitcoin’s (BTC) price failed another attempt at breaking above resistance at $86,000 on April 16 as  Fed Chair Jerome Powell dashed hopes of early rate cuts, citing the impact of Trump’s tariffs. Since April 9, BTC price has formed daily candle highs between $75,000 and $86,400, but has been unable to produce a close above $86,000. BTC/USD daily chart. Source: Cointelegraph/TradingView Many analysts and traders ask, “Where is Bitcoin price headed next?” as the asset remains stuck in a tight range on the lower time frame (LTF) of the 4-hour…

Trump threatens to fire Powell after Fed chief says he is not removable except for cause

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Key Takeaways Former President Donald Trump is urging the Federal Reserve to cut rates. Fed Chair Jerome Powell emphasized the legal protection of the Fed’s independence. Share this article Trump is once again turning up the heat on Fed Chair Jerome Powell, calling for rate cuts and floating the idea of firing him after Powell stood by the Fed’s independence in a recent speech. In a Truth Social post out early this morning, Trump slammed the Fed’s wait-and-see approach to monetary policy and called Powell’s latest report a “complete mess.”…

Eliza Labs launches auto.fun, a no-code AI spin on Pump.Fun

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Eliza Labs, the developer behind the AI agent framework ai16z, announced the launch of auto.fun, a new no-code platform allowing users to launch AI agents on Web3 applications. Auto.fun allows for the creation, deployment and monetization of AI agents by non-developers without programming knowledge, according to an April 17 announcement. The platform supports the creation of AI agents that interact with social media, decentralized finance (DeFi) apps and other Web3 services. “The vision for auto.fun is to democratize access to both AI and Web3 technologies by creating agents that can…

How Mantra’s OM token collapsed in 24 hours of chaos

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Mantra’s OM token collapsed by more than 90% overnight, and the crypto world can’t agree on why. On April 13, OM’s price plummeted from over $6 to below $0.50, wiping out more than $5 billion in market cap and triggering widespread panic across the crypto industry. The sudden crash drew comparisons to Terra’s LUNA implosion as traders scrambled for answers. Unverified rumors of insider dumping, forced liquidations, mislabeled wallets and exchange manipulation quickly spread — but Mantra insists it was caught in the middle. Mantra had built a strong position…

Eliza Labs launches auto.fun to help creators build and monetize AI agents without touching code

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Key Takeaways Eliza Labs launches auto.fun, a no-code platform for creating and monetizing AI agents. Auto.fun uses a bonding curve token mechanism for a fairer token launch and distribution. Share this article Eliza Labs is launching auto.fun, a no-code platform that enables users to create, deploy, and monetize autonomous AI agents that operate across social media, DeFi apps, and web3 services—without needing to write any code. Auto.fun is part no-code builder, part agent marketplace, and part token launchpad, designed to lower the barrier to web3 functionality. It combines agentic AI…

Bybit shuts down four more Web3 services after axing NFT marketplace

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Bybit is shutting down more of its Web3 services after axing its non-fungible token (NFT) marketplace earlier in April. According to an April 16 announcement, the exchange is shutting down its Cloud Wallet (a hosted custodial wallet​), Keyless Wallet (non‑custodial multiparty computation wallet with no seed phrase​), NFT marketplace, multi‑chain decentralized exchange (DEX)​ DEX Pro and the Swap & Bridge cross‑chain swap widget​ on May 31. Source: Bybit Web3 On April 28, Bybit will also discontinue Web3 Points, its internal loyalty program that rewarded onchain activity with redeemable points for fee discounts, airdrop boosts and early-bird perks.​…