The U.S. Department of Justice (DOJ) is scrapping a unit within the federal agency that focused exclusively on crypto-related investigations. In a new memo released Monday, the DOJ says it plans to eliminate the so-called National Cryptocurrency Enforcement Unit (NCET), which was established during the Biden Administration to prosecute crypto-related enterprises. U.S. Deputy Attorney General …
Monthly archives: April 2025
Bitcoin relief rally fizzles as White House confirms 104% China tariffs — Will BTC fall to new lows?
Bitcoin heads toward new lows after the White House confirms 104% tariffs against China, but traders say BTC still trades in a “fair gap zone.” Bitcoin’s surprise rebound to $81,180 — which was influenced by fake news regarding a pause on US tariffs — has all but evaporated following White House confirmation that 104% tariffs …
Bitcoin rebounds as traders spot China ‘weaker yuan’ chart, but US trade war caps $80K BTC rally
Bitcoin finds stability as US stocks bounce back, and the longer-term outlook improves as traders anticipate China’s yuan devaluation move to benefit BTC price. Bitcoin (BTC) danced around $80,000 at the April 8 Wall Street open as US stock markets staged a fresh recovery, but unresolved tensions between China and the US continue to put …
Ripple acquisition of Hidden Road a ‘defining moment’ for XRPL — Ripple CTO
Following the acquisition, the XRP Ledger could become a major venue for tokenized real-world assets, said David Schwartz. Ripple’s $1.25 billion acquisition of prime broker Hidden Road is a “defining moment” for the blockchain payments company, potentially unlocking more use cases for the XRP Ledger among institutions, said David Schwartz, Ripple’s chief technology officer. “Ripple’s …
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Ethereum price data highlights $1,000 as the final bottom for ETH
Most long-term ETH investors are now holding at a loss, but a historically accurate onchain indicator signals that Ethereum price is close to a bottom. Ether (ETH), the native token of Ethereum, is showing signs of bullish exhaustion after a steep 65% decline over the past three months. The pace of the downtrend and the …
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Goldman Sachs Forecasts China Easing Monetary Policy To Combat President Trump’s Tariffs: Report
The financial services giant Goldman Sachs is reportedly predicting that the Chinese government will implement fiscal easing to counter US President Donald Trump’s onslaught of new tariffs. In a new analysis, the investment banking behemoth predicted Trump’s policies would reduce Chinese GDP growth by at least 0.7 percentage points in 2025, per a report from …
Cathie Wood’s ARK bags $26M in Coinbase shares, unloads Bitcoin ETF
ARK Invest sold $12 million in Bitcoin ETF shares while buying $26.6 million in Coinbase stock in April, reacting to market volatility following Trump’s tariffs announcement. Cathie Wood’s investment firm ARK Invest is showing a mixed reaction to the United States’ latest trade tariffs, offloading shares of its spot Bitcoin ETF while increasing its position …
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SEC crypto trading roundtable to include crypto giants Uniswap, Coinbase
Executives from Uniswap, Coinbase and Cumberland DRW are among the panelists in the SEC’s next crypto roundtable — firms the regulator had previously sued or probed. The US Securities and Exchange Commission has released the list of executives from US crypto and finance giants that will take part in a roundtable discussion on crypto trading …
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Ripple eyes major roles for XRP, RLUSD, and XRPL following $1.25 billion Hidden Road acquisition
Ripple is set to acquire global prime brokerage platform Hidden Road for $1.25 billion. According to an April 8 statement, this acquisition makes Ripple the first crypto-native firm to own and operate a multi-asset prime broker with an established institutional network. Ripple noted that the deal will deepen its institutional service offerings and build a …
US DOJ disbands crypto enforcement team amid policy shift under Trump
The US Department of Justice (DOJ) has reportedly shut down the National Cryptocurrency Enforcement Team (NCET), its specialized division tasked with investigating crypto-related crimes. The move, confirmed through an internal memo cited by Fortune in an April 8 report, reflects a significant shift in federal oversight of the emerging industry. NCET’s closure NCET was launched …
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BlackRock adds new Bitcoin custodian Anchorage Digital alongside Coinbase
BlackRock has expanded the custodial structure of its iShares Bitcoin Trust (IBIT), formalizing Anchorage Digital Bank N.A. as an additional Bitcoin custodian through a new Master Custody Service Agreement. The development, disclosed in a Form 8-K filing dated April 7, 2025, introduces a secondary custodian while Coinbase continues to serve as the primary holder of …
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Trump-backed World Liberty Financial proposes USD1 stablecoin airdrop
World Liberty Financial (WLFI), the DeFi venture partly owned by US President Donald Trump, has launched a proposal to distribute its upcoming stablecoin, USD1, to existing WLFI token holders. The initiative is intended to test the airdrop infrastructure in a live environment and show appreciation to the project’s early backers. According to WLFI, the airdrop …
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Bitcoin may spike with China yuan devaluation amid trade conflict with US
Bitcoin could emerge as a major winner from the intensifying trade conflict between the United States and China. Arthur Hayes, co-founder of BitMEX, believes aggressive monetary policy responses, particularly currency devaluations, could trigger increased Bitcoin adoption. In an April 8 post on X, Hayes suggested that devaluing the Chinese Yuan (CNY) might trigger renewed interest …
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Australia shutters crypto scam network linked to $35M in global losses
Australia’s financial regulator has shut down 95 companies linked to crypto and romance scams. On April 7, the Australian Securities and Investments Commission (ASIC) announced that the Federal Court approved its request to dissolve these entities due to misconduct and fake registrations. ASIC revealed that these companies had been set up using false details and …
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XRP Price Watch: Market Wavers as Bulls and Bears Battle Below Key Resistance
On Tuesday, XRP is currently priced at $1.86 to $1.90, with a total market capitalization of $110.90 billion and a 24-hour global trading volume of $5.579 billion. The cryptocurrency’s intraday trading range has fluctuated between $1.83 and $1.97, positioning it 43.9% below its all-time high of $3.40. XRP On the one-hour chart, XRP is demonstrating …
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