Despite the occasional spike in short positions, data suggests that long-term BTC holders, who have significantly reduced their liquidations since the start of the year, maintain a strongly bullish outlook https://vege-chandra.info/.
New York AG urges Congress to pass federal legislation to regulate cryptocurrencies. On April 10, New York Attorney General Letitia James announced she sent a letter to congressional leaders urging them to pass federal legislation to strengthen regulations on cryptocurrencies and digital assets. In the letter, Attorney General James warned that “the lack of strong federal regulations on cryptocurrencies increases the risk of fraud, criminal activity, and financial instability.” She further argued that “federal regulations would bolster America’s national security, strengthen its financial markets, and protect investors from cryptocurrency scams, which now account for 10 percent of all financial fraud and 50 percent of all losses from financial fraud.” The letter came in response to the US DOJ memorandum disbanding the DOJ’s National Cryptocurrency Enforcement Team and shifting DOJ enforcement priorities regarding digital assets.
Bitcoin (BTC) has been on a slow recovery since mid-March. Moves to the upside are limited, and at present, involve multiple unsuccessful attempts to breach local resistance levels before a decisive break ultimately occurs.
Bitcoin purchases by public companies have been one consistent source of demand. Strategy (formerly MicroStrategy), which pioneered corporate Bitcoin investing, purchased another 25k Bitcoin (~$2.4bn) during April. Strategy now holds roughly 3% of the circulating supply valued at more than $50bn. Separately, a consortium including Tether, Bitfinex, Softbank, and Cantor Fitzgerald announced the creation of Twenty One Capital, a new company initially capitalized with 42,000 Bitcoin. At that size Twenty One Capital would have the third-largest Bitcoin portfolio among public companies, after Strategy and Bitcoin miner MARA. The company will go public through a SPAC (special-purpose acquisition company), which currently trades as Cantor Equity Partners (ticker: CEP).
Bitcoin purchases by public companies have been one consistent source of demand. Strategy (formerly MicroStrategy), which pioneered corporate Bitcoin investing, purchased another 25k Bitcoin (~$2.4bn) during April. Strategy now holds roughly 3% of the circulating supply valued at more than $50bn. Separately, a consortium including Tether, Bitfinex, Softbank, and Cantor Fitzgerald announced the creation of Twenty One Capital, a new company initially capitalized with 42,000 Bitcoin. At that size Twenty One Capital would have the third-largest Bitcoin portfolio among public companies, after Strategy and Bitcoin miner MARA. The company will go public through a SPAC (special-purpose acquisition company), which currently trades as Cantor Equity Partners (ticker: CEP).
President Trump pardons BitMex and executives. On March 27, President Donald Trump issued “full and unconditional” pardons to HDR Global Trading Limited, operator of the BitMex cryptocurrency exchange, and four of the firm’s former executives – Arthur Hayes, Benjamin Delo, Samuel Reed, and Gregory Dwyer. The pardons relate to 2024 and 2022 guilty pleas to violations of the Bank Secrecy Act (BSA) and failure to maintain adequate anti-money laundering (AML) compliance programs. The individuals had been sentenced to probation and ordered to pay collectively more than $30 million, while HDR had been ordered to pay a $100 million fine in addition to $100 million to settle registration failures with the Commodity Futures Trading Commission (CFTC) and the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). For more information on BitMex, see our prior issues: January 2025, July 2024, May 2022, and March 2022.
Digital Digest | DLA Piper – addresses the growing challenges faced by the UK commercial and financial sector due to the increasing number of laws, regulations, and market practices affecting the digital and crypto industry.
Encouragingly, market performance during April 2025 suggests that Bitcoin and other digital assets may be part of the solution (Exhibit 2). In a volatile month for traditional assets — in which the VIX briefly exceeded 50% — Bitcoin’s price appreciated 15% and our market-cap weighted Crypto Sectors index gained 11%. U.S. equities declined 1% on net, with weakness led by cyclical market segments. Gold and certain foreign currencies had gains comparable to Bitcoin on a risk-adjusted basis (i.e., accounting for each asset’s volatility).
DOJ disrupts Garantex crypto exchange. On March 7, the DOJ announced charges against two administrators operating a crypto money laundering service in a “a coordinated action with Germany and Finland to disrupt and take down the online infrastructure used to operate Garantex, a cryptocurrency exchange that allegedly facilitated money laundering by transnational criminal organizations – including terrorist organizations – and sanctions violations.” The DOJ alleged that Garantex has processed at least $96 billion in cryptocurrency transactions, and the indictment filed in the US District Court for the Eastern District of Virginia charged Lithuanian national Aleksej Besciokov and Russian national Aleksandr Mira Serda with money laundering conspiracy, conspiracy to violate sanctions, and conspiracy to operate an unlicensed money transmitting business. The coordinated action resulted in law enforcement seizing Garantex servers and freezing $26 million in funds.
The behavior likely followed a possible exploit. On-chain research ZachXBT identified a “suspicious transfer” of 3,520 BTC ($330.7 million) that was then swapped into XMR. The sudden increase in demand for the relatively illiquid token caused the price to spike, ZachXBT said in post on X.
Related: Stablecoin adoption grows with new US bills, Japan’s open approachThe Securities and Exchange Commission dropped a case against PayPal’s stablecoin, PayPal USD (PYUSD), on April 29. In a form, the SEC said an inquiry regarding a 2023 subpoena was being closed “without enforcement.”Market volatility provides another incentive for stablecoin growth, according to crypto intelligence platform IntoTheBlock. According to the analytics firm, these assets are increasingly seen as “safe havens in the current uncertain market.”
In August 1971, President Richard Nixon announced 10% across-the-board tariffs on U.S. imports and ended the convertibility of Dollars into gold. Allies were not consulted in advance, even though the actions ended the multilateral Bretton Woods exchange rate system in place since World War II. The so-called “Nixon Shock” was followed by extensive negotiations over the next four months, culminating in the Smithsonian Agreement in December 1971, in which G10 nations agreed to revalue their currencies versus the Dollar in exchange for tariff relief. While the tariffs were ultimately short-lived, the events changed global trade flows and had long-lasting implications for financial markets (Exhibit 1).
The outcome will be meaningful for Canada’s crypto policy. Carney, himself a former central banker, has been public about his skepticism for cryptocurrencies. When serving as governor of the Bank of England, Carney said “they are failing” as a form of money. He has also called for “equivalent protections to those for commercial bank money” for private stablecoins.
With its native cryptocurrency, Ether (ETH), Ethereum powers transactions and fuels innovation across various crypto sectors. Like all cryptocurrencies, ETH’s volatile nature is evident through its frequent all-time highs and occasional lows.
Launched in 2015 by Vitalik Buterin and other developers, Ethereum expands on Bitcoin’s concept by allowing not just peer-to-peer transactions but also programmable contracts that execute automatically when conditions are met. These smart contracts power a wide range of applications, from decentralised finance (DeFi) to non-fungible tokens (NFTs).
From Bitcoin and Ethereum to an ever-growing list of altcoins, cryptocurrencies have taken a new generation of investors around the world by storm. Fast-moving and volatile, this industry keeps participants, observers, and regulators on their toes. As mainstream companies explore cryptocurrencies and blockchain technologies for new markets — or even to build them within virtual worlds — the crypto space is in a rapid state of evolution.
NewsNow aims to be the world’s most accurate and comprehensive Ethereum news aggregator, bringing you the latest Ethereum news from the best Cryptocurrency sites and sources. Whether it’s Ethereum price, Ethereum news today or ETH news now, we’ve got it covered – breaking news from each site is brought to you automatically and continuously 24/7, within around 10 minutes of publication.
undefined
© 2016 ClubMidia.com | Todos os Direitos Reservados
© 2016 ClubMidia.com | Todos os Direitos Reservados
