Month: April 2025

Base creator Jesse Pollak admits ‘Base is for pimping’ art was a mistake

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The creator of Ethereum layer 2 blockchain Base, Jesse Pollak, has apologized following backlash over posting digital artwork that controversially played on Base’s tagline, “Base is for everyone.” Several social media users found the artwork offensive and inappropriate. “It was a single phrase among many, but I’ll own this was a mistake and apologize,” Pollak said in an April 18 X post referring to his decision to reshare a GIF image that featured the phrase “Base is for…” followed by a rotating sequence of words, including both controversial terms like…

Trump firing Powell would be a ‘very bad precedent to set’ — Pompliano

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Crypto entrepreneur Anthony Pompliano says that US President Donald Trump shouldn’t follow through on his recent threat to fire the head of the US Federal Reserve, saying it would set a dangerous precedent — especially considering the true motive behind it. “I do not believe that the President of the United States should come in and unilaterally fire the Fed President,” Pompliano said in a video posted on X on April 18. Firing over disagreement is a slippery slope, says Pompliano Pompliano said, “Where you have a disagreement and then…

Despite an 18% Drop, XRP’s Exchange Supply Hits Lows—Bullish Setup Ahead?

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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. XRP has been trading under pressure in recent weeks, losing much of the momentum it built during its late 2024 to early 2025 rally. After reaching highs above $3.40,…

Lyn Alden lowers Bitcoin forecast after ‘tariff kerfuffle,’ eyes liquidity

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Macroeconomist Lyn Alden expects Bitcoin to finish 2025 higher than its current price of around $85,000, though she says it would have been much higher if not for US President Donald Trump’s tariff announcement in February. “Before all this tariff kerfuffle, I would have had a higher price target,” Alden told Natalie Brunell on the April 17 episode of Coin Stories. “My guess is that we end up higher at the end of the year than we are now, at least,” she added. Bitcoin’s 24/7 trading bolsters volatility when TradFi…

Firing Jerome Powell will crash financial markets — Sen. Elizabeth Warren

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US Senator Elizabeth Warren warned that if President Donald Trump eventually moves to fire Federal Reserve Chair Jerome Powell, it could undermine investor confidence in the integrity of US capital markets and trigger a financial crash. During an appearance on CNBC, the Massachusetts Senator said the President does not have the legal authority to remove Powell from his position. Moreover, removing Powell would weaken the financial infrastructure of the US, Warren added: “If Chairman Powell can be fired by the President of the United States, it will crash the markets.…

Canary Capital files for staked TRX ETF

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United States asset manager Canary Capital has filed to list an exchange-traded fund (ETF) holding the Tron blockchain network’s native token, TRX (TRX), regulatory filings show.  The fund intends to hold spot TRX and stake a portion of the tokens for added yield, the filing said.  According to CoinMarketCap, the TRX token has a total market capitalization of more than $22 billion. Staking TRX generates an annualized yield of approximately 4.5%, data from Stakingrewards.com shows. The filing is the latest in an outpouring of submissions aimed at listing ETFs holding alternative…

Aptos community proposal seeks to slash staking rewards by nearly 50%

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An Aptos community member submitted a proposal on April 18 to slash staking rewards for the network’s native token, Aptos (APT), by nearly 50% The proposal, submitted by a community member called MoonSheisty, aims at reducing reward yields from 7% to 3.79% in a three-month period, aligning Aptos staking rewards with other layer-1 blockchains and encouraging capital efficiency. The proposal has sparked curiosity on X, but early comments on GitHub show some initial resistance. A community member going by ElagabalxNode noted that reducing the staking reward without “compensatory mechanisms like…

MoonPay CEO calls on Congress to keep state authority over stablecoins

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Ivan Soto-Wright, CEO of cryptocurrency payment firm MoonPay, is calling on US lawmakers to leave a path open to state-level regulators when passing legislation on stablecoins. In an April 18 X post, Soto-Wright said he wanted Congress to “keep state-regulated issuers in the game” when it comes to stablecoin regulation, referencing efforts in the House of Representatives and Senate to create a federal regulatory framework. Lawmakers are considering whether to pass the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, in the Senate and the Stablecoin Transparency…

Tokenized stocks could top $1T in market cap — Execs

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Tokenized stocks are on track to exceed $1 trillion in market capitalization in the coming years as adoption accelerates, two industry executives said at the TokenizeThis conference in New York.  The total addressable market for tokenized stocks — a type of tokenized real-world asset (RWA) —  is difficult to project but is “definitely a bigger trillion-dollar market,” Arnab Naskar, STOKR’s CEO, said during an April 16 panel at the event. In 2025, demand for the instruments has “exploded” from institutions ranging from Web3 wallets to neobanks to traditional financial services…

Canary files for TRON spot ETF with staking feature

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Key Takeaways Canary Capital filed for the first US-listed ETF for Tron TRX incorporating staking features. The ETF aims to simplify TRX investment for traditional investors by tracking its spot price and offering staking rewards. Share this article Canary Capital has submitted an application for the first US-listed ETF focused on Tron’s TRX token that would include the staking feature, according to a new SEC filing. The proposed fund, called the Canary Staked TRX ETF, plans to track TRX’s spot price using CoinDesk Indices calculations, minus expenses. BitGo Trust Company…