Category: News

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…

Crypto Biz: Is the US Fed prepping the money printer?

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The US Federal Reserve under Jerome Powell has developed a reputation for dragging its feet on implementing important policy changes. However, a top central banker has assured that the Fed is “absolutely” ready to do whatever it takes to avoid a financial crisis, whether triggered by the US-led trade war or other adverse developments. Although the long-awaited “Fed pivot” could still be months away, policymakers appear poised to gradually ease financial conditions, beginning last month when they reduced the redemption cap on Treasurys by 80%.  Fed policy exerts a gravitational…

Rare market volatility signal points to higher Bitcoin price in 6 to 12 months — Dan Tapiero

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On April 7, the CBOE Volatility Index (VIX) posted a rare spike to 60, a level seen as a barometer of extreme market fear and uncertainty. According to Dan Tapiero, CEO of 10Tfund, the VIX has hit 60 only five times in the last 35 years, and data suggests a rebound for risk assets such as Bitcoin (BTC) in 6 to 12 months. CBOE Volatility Index. Source: Cointelegraph/TradingView The VIX, which is widely considered a “fear gauge,” reflects investor expectations of market turbulence based on S&P 500 options trading. As…

TRUMP tokenholders face 90% decline from peak as unlock begins

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TRUMP tokenholders face steep losses as the first vesting unlock goes live on April 18, releasing 40 million tokens, worth roughly $309 million, into circulation at a 90% discount from its peak. The unlocked tokens account for 20% of the current circulating supply and could introduce fresh volatility as a previously illiquid portion of the supply hits the market. According to CoinGecko, the TRUMP token price has fluctuated between $7.46 and $7.83 in the past 24 hours. April 18 marks the first unlock event for the TRUMP token, with steady,…

Kraken adds forex perpetual futures contracts to its Pro platform

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Cryptocurrency exchange Kraken introduced foreign exchange (forex) perpetual futures contracts to its Kraken Pro platform on April 18, giving traders further exposure to global currency markets. The first two perpetual forex futures available on the platform will be the euro-US dollar (EUR-USD) and the British pound-US dollar (GBP-USD) contracts, according to a company announcement. Both contracts feature 20x leverage and no expiry date, meaning they do not have to be rolled or settled by a deadline, unlike traditional futures contracts, which have an expiry date. Kraken’s move is the latest…

Bitcoin Core Developer Antoine Poinsot: The Great Consensus Cleanup

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While attending the MIT Bitcoin Expo earlier this month I was able to sit down with Bitcoin Core developer Antoine Poinsot. Currently at Chaincode Labs, Antoine was previously at Wizardsardine, a bitcoin security company behind Revault, a pre-signed transaction based vault, and Liana, a miniscript based Bitcoin wallet. Antoine’s first commit was merged to Bitcoin Core on May 16th, 2019. We discussed the Great Consensus Cleanup proposal Antoine is putting forward as a prospective soft fork of the Bitcoin protocol modeled on Matt Corallo’s original verson of the proposal from…

US prosecutors to pursue ex-SafeMoon CEO case despite DOJ memo

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Federal prosecutors said they will continue pursuing their case against Braden John Karony, the former CEO of crypto firm SafeMoon, despite the US Justice Department issuing a memo suggesting a policy of abandoning “regulation by prosecution” related to digital assets. In an April 18 filing in the US District Court for the Eastern District of New York, US Attorney for EDNY John Durham said his office had reviewed the April 7 DOJ memo issued by Deputy Attorney General Todd Blanche and intended to proceed with a trial against Karony. The…

Spar Supermarket In Switzerland Starts Accepting Bitcoin

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SPAR has begun accepting Bitcoin payments at its Zug, Switzerland location, marking another milestone in Switzerland’s progressive approach to bitcoin adoption. The implementation uses the Lightning Network through DFX Swiss’s OpenCryptoPay solution, enabling instant transactions at the point of sale. The store’s location in Zug, often called “Crypto Valley,” reflects Switzerland’s embrace of technology. The country has emerged as a global leader in bitcoin adoption, with cities like Zug and Lugano spearheading initiatives to integrate bitcoin into everyday transactions. Lugano, in particular, has made headlines with its “Plan ₿” initiative,…

Mantra exposes crypto liquidity problems, and Coinbase is bearish: Finance Redefined

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Crypto investor sentiment took another significant hit this week after Mantra’s OM token collapsed by over 90% within hours on Sunday, April 13, triggering knee-jerk comparisons to previous black swan events such as the Terra-Luna collapse. Elsewhere, Coinbase’s report for institutional investors added to concerns by highlighting that cryptocurrencies may be in a bear market until a recovery occurs in the third quarter of 2025. Mantra OM token crash exposes “critical” liquidity issues in crypto Mantra’s recent token collapse highlights an issue within the crypto industry of fluctuating weekend liquidity…