Gold-Backed Cryptocurrencies Surge Amid Rising Global Trade Tensions
The value of gold-backed cryptocurrencies has surged as global trade tensions intensify following the April 2 tariffs imposed by US President Donald Trump. Tether Gold (XAUT) and Paxos Gold (PAXG) both set new records on April 22, with XAUT reaching $3,529 and PAXG peaking at $3,520, according to CoinMarketCap. Meanwhile, two other gold-backed assets, Quorium […]
Nexo Returns to the US, with Trump Jr. Supporting Crypto Growth
After navigating previous regulatory issues, cryptocurrency platform Nexo has announced its comeback to the US market. The company’s return was marked by a special event on April 28, where Donald Trump Jr. appeared as a guest. During his speech, Trump Jr. expressed strong support for cryptocurrencies, stating: “We believe crypto represents the future of finance […]
Strategy Acquires 15,355 Bitcoin for $1.42B Amid Price Surge Above $90K
Strategy, led by Michael Saylor, expanded its Bitcoin reserves once again last week as Bitcoin’s price soared beyond $90,000. In an update on April 28, Strategy confirmed that it had purchased 15,355 BTC between April 21 and April 27.The firm spent a total of $1.42 billion, paying an average price of $92,737 per Bitcoin. This […]
El Salvador Keeps Buying Bitcoin While Staying Aligned with IMF Deal
Despite being the first country to recognize Bitcoin as legal tender, El Salvador continues to expand its Bitcoin holdings — even as the International Monetary Fund (IMF) suggests otherwise. According to data from El Salvador’s Bitcoin Office, the country’s treasury added 7 Bitcoin, valued at over $650,000, in the week leading up to April 27. […]
Michael Saylor teases new Bitcoin buy as whales continue heavy accumulation
Large investors and institutions are ramping up their Bitcoin acquisitions, with Strategy’s co-founder Michael Saylor hinting at yet another major Bitcoin purchase, potentially set to be revealed on Monday. On April 27, just a week after Strategy bought $555 million worth of Bitcoin at an average price of $84,785 per coin, Saylor posted: “Stay Humble. […]
Trump Promises Major Federal Tax Cuts Once Tariffs Are Fully Implemented
President Donald Trump recently announced that federal income taxes could see significant reductions — or even be eliminated — once the new tariff system is fully in place. Posting on Truth Social on April 27, Trump said that the primary beneficiaries of these tax cuts would be Americans earning under $200,000 annually. He also referred […]
SEC delays decision on Polkadot ETF
The SEC has postponed its decision on a proposed exchange-traded fund (ETF) that would hold Polkadot’s native token, according to recent regulatory filings. A filing dated April 24 reveals that the SEC has extended its deadline for making a final ruling until June 11. This delay comes almost four months after Nasdaq initially sought approval […]
New SEC Chair Paul Atkins Signals Regulatory Shift, Igniting Crypto Optimism
The crypto world is buzzing with renewed optimism following Paul Atkins’ appointment as the new head of the U.S. Securities and Exchange Commission on April 21. Known for his deregulatory leanings from his previous tenure as SEC commissioner, Atkins steps in to replace Gary Gensler, whose aggressive approach toward the crypto sector had sparked years […]
Federal Reserve Rolls Back Crypto-Restrictive Guidance
The U.S. Federal Reserve has officially withdrawn previous guidelines that discouraged banks from participating in cryptocurrency and stablecoin-related activities. In a statement issued on April 24, the Fed announced it is rescinding a 2022 supervisory letter that had required state-chartered member banks to notify the central bank before getting involved with crypto assets. From now […]
Bitcoin Supply on Exchanges Hits Multi-Year Low as Public Firms Boost Holdings
The amount of Bitcoin held on cryptocurrency exchanges has dropped to its lowest point in over six years, a shift largely attributed to increased buying activity from publicly listed companies, according to a recent update from Fidelity Digital Assets. In a post shared on X (formerly Twitter), Fidelity noted, “Bitcoin reserves on exchanges have been […]