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 […]
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 […]
SEC task force met with Trump-supporting firms to discuss crypto regulation
The U.S. Securities and Exchange Commission’s (SEC) crypto-focused task force, led by Commissioner Hester Peirce, is continuing discussions with digital asset firms as the agency weighs updates to its regulatory framework. A notice dated April 24 revealed that the SEC met with representatives from Ondo Finance and legal firm Davis Polk & Wardwell. The conversation […]
Russia to Launch Crypto Exchange for Elite Investors Under Pilot Program
Russia’s finance ministry, in collaboration with the central bank, is preparing to roll out a new cryptocurrency exchange tailored specifically for top-tier investors, according to reports from Russian media on April 23. Finance Minister Anton Siluanov revealed the initiative during a recent government meeting, stating that the exchange will operate under a special experimental legal […]
Michael Saylor: New SEC Chair Likely a Win for Bitcoin
Michael Saylor, Executive Chairman of MicroStrategy—one of the largest corporate holders of Bitcoin—has voiced his approval of Paul Atkins, the newly sworn-in chairman of the U.S. Securities and Exchange Commission (SEC). On April 23, Saylor took to X (formerly Twitter), stating: “Paul Atkins as SEC Chair is a positive development for Bitcoin.” Atkins officially stepped […]
PayPal to Introduce 3.7% Return on Stablecoin Holdings
PayPal is set to begin offering a 3.7% annual yield on balances held in its native stablecoin, PayPal USD (PYUSD), in an effort to boost adoption and usage. According to a report from Bloomberg on April 23, the initiative is aimed at incentivizing more users to hold and transact with PYUSD. The rewards program is […]
Bitcoin enters the world’s top 5 largest assets – Surpasses Google, Silver, and Amazon
Bitcoin (BTC) has just taken a major leap forward in the world of finance, climbing into the top five most valuable assets on the planet. As of April 23, Bitcoin’s market cap has reached an impressive $1.87 trillion, overtaking Alphabet (Google), which currently stands at $1.859 trillion, according to global asset rankings. Only gold, Apple, […]
ECB Warns of Financial Risks from US Crypto Advancements
The European Central Bank (ECB) has voiced concerns about potential financial instability stemming from the United States’ growing support for the cryptocurrency sector, especially regarding the expansion of dollar-based stablecoins. A policy document reviewed by Politico reveals that the ECB is advocating for updates to the recently enacted Markets in Crypto-Assets Regulation (MiCA), suggesting that […]
US Bitcoin ETFs Record Highest Inflows Since January Amid Market Momentum
Bitcoin exchange-traded funds (ETFs) based in the US just saw their biggest surge in inflows since late January, as the broader crypto market remained strong through the Easter period. On April 21, the 11 Bitcoin ETFs collectively brought in $381.3 million in net inflows, with the ARK 21Shares Bitcoin ETF (ARKB) leading the charge with […]
US Dollar and Stocks Slide as Crypto Rallies Amid Trump-Fed Clash
While traditional markets stumbled, the crypto space continued its upward momentum following fresh criticism from former US President Donald Trump directed at Federal Reserve Chair Jerome Powell. On April 21, American stock indices took a hit — the S&P 500 fell by 2.4%, the Nasdaq lost 2.5%, and the Dow Jones dropped nearly 1,000 points, […]