Category: crypto

The SEC stated that stablecoins backed by cash and redeemable for US dollars are not securities under federal law, providing clarity for issuers and fintech firms. These stablecoins are meant for payments, not profit, and must be fully backed by reserves. They do not offer yield or ownership rights to holders.

US President Trump’s new tariffs have caused global trade tensions, prompting interest in Bitcoin as a financial asset. After the announcement, Bitcoin price dipped but stabilized, outperforming equities. Countries like China and Russia are using Bitcoin for energy transactions, while French utility EDF is exploring Bitcoin mining. The tariffs may accelerate Bitcoin’s role in the…

TRON founder Justin Sun announced a $50 million bounty to expose a $500 million embezzlement by First Digital Trust. This comes after meeting with a lawmaker and submitting documents to authorities. Sun aims to protect the web3 ecosystem and Hong Kong’s financial reputation. The controversy has impacted the FDUSD stablecoin.

Federal Reserve Chair Jerome Powell warned that President Trump’s tariffs could increase inflation and slow economic growth. The Fed will wait to see the effects before making any interest rate changes. Powell emphasized the need to keep inflation expectations stable. The Fed is not rushing to alter its policy stance despite market expectations of rate…

Grayscale filed a Form S-1 with the SEC to launch a spot Solana ETF, with a high chance of approval by the end of the year. The ETF would be listed on NYSE Arca and not engage in staking. Coinbase will be the custodian and BNY Mellon the administrator.

Bitcoin outperformed major tech stocks on April 3 and April 4 amidst steep losses in the tech sector. Standard Chartered’s Geoffrey Kendrick highlighted Bitcoin’s resilience as a dual-purpose asset, acting as both a growth trade and a hedge against macro risks. Kendrick emphasized Bitcoin’s potential as a hedge against US isolation and suggested a possible…

PayPal is expanding its crypto offerings to include Solana and Chainlink for US users on its platform and Venmo. This move aims to cater to a broader segment of users and reflects the company’s long-term belief in digital assets. PayPal first entered the crypto market in 2020 and issued its own stablecoin in 2023.

The DTCC has launched a new tokenized collateral management platform, utilizing blockchain technology for real-time settlement and automated operations. This move represents a significant institutional commitment to decentralized finance in the US. The platform aims to streamline collateral workflows across markets and is supported by industry giants like BlackRock and JP Morgan. Regulatory clarity in…

In 2025, a new phenomenon called Cult Coins is gaining momentum in the cryptocurrency market. Cult Coins exploit psychological mechanisms of tribalism and social identity, forming devoted communities around influential figures. These coins go beyond financial speculation, focusing on community and shared belief systems. While they offer belonging and meaning, they also raise ethical concerns…

Coinbase Derivatives filed with the CFTC to launch an XRP futures contract, pending approval by April 21, 2025. This move aims to provide regulated exposure to XRP through derivatives, potentially increasing institutional participation and legitimacy in traditional finance. Speculation about a spot XRP ETF approval is also growing, with several asset managers expressing interest.