Key points:Weak labor and consumer data often precede Bitcoin rallies, leading some analysts to anticipate future economic stimulus programs.Job openings fell to 7.2 million in March versus the 7.5 million forecast and consumer confidence hit its lowest level since January 2021.If past patterns hold, Bitcoin could rally by mid-July and possibly reach $140,000 by October …
Monthly archives: April 2025
US Commerce Secretary Howard Lutnick reiterates Bitcoin is a commodity, should be treated like gold
Secretary of Commerce Howard Lutnick said the US is embracing Bitcoin (BTC) businesses, signaling a sharp policy shift from the Biden administration’s more adversarial stance. In a recent interview with Bitcoin Magazine at the White House, Lutnick laid out a vision that includes regulatory clarity, energy autonomy for miners, and official recognition of Bitcoin in …
Stablecoin, crypto market structure legislation slated for approval by August – Bo Hines
President Donald Trump’s administration aims to finalize stablecoin and crypto market structure legislation before the August 2025 congressional recess, according to Bo Hines, executive director of the President’s Council of Advisors on Digital Assets. In a recent interview with Bitcoin Magazine, Hines outlined a three-phase policy roadmap and discussed plans to initiate a Strategic Bitcoin …
UK moves to regulate crypto services such as staking, stablecoins
A draft legislation published by the UK Treasury on April 29 revealed new rules for firms offering crypto services in the UK, such as stablecoins, staking, and custody. The rules, part of the government’s broader “Plan for Change,” are intended to bring crypto exchanges, dealers, and custodians under the Financial Conduct Authority’s (FCA) supervision, mirroring …
Continue reading “UK moves to regulate crypto services such as staking, stablecoins”
Base becomes 10th L2 network to reach at least Stage 1 decentralization
Base has reached “Stage 1 Decentralization” by introducing fault proofs and a decentralized Security Council to its network structure, the layer 2 blockchain announced in a blog post on April 29. Fault proofs allow any participant to propose or challenge claims about Base’s state, with open-source challenger software and financial incentives supporting permissionless dispute resolution. …
Continue reading “Base becomes 10th L2 network to reach at least Stage 1 decentralization”
Trump-backed stablecoin USD1 hits over $1 billion market cap on BNB
World Liberty Financial’s (WLFI) USD1 stablecoin has officially surpassed $1 billion in market capitalization on BNB Chain following a series of high-volume mints executed within a single hour. The surge solidifies USD1’s standing as one of the fastest-growing decentralized stablecoins in the crypto ecosystem and marks a major milestone for the Trump family-backed protocol. On-chain …
Continue reading “Trump-backed stablecoin USD1 hits over $1 billion market cap on BNB”
Biometric Crypto ID Project World Launches Build Latam in Argentina, Unveils New Data Security Processes
World, the biometric cryptocurrency and ID project, has launched Build Latam in Argentina, a program aimed at empowering tech projects to leverage World’s services in their products. Martín Mazza, Tools for Humanity regional manager for Latin America, explained the new security measures the project has implemented to protect user data. World Launches Latam-Focused Incentives, Discusses …
Crypto Markets Echo Wall Street’s Modest Gains Amid Trade Policy Fog
On Tuesday, the crypto economy edged 0.51% higher over the past 24 hours, cruising at a valuation of $2.98 trillion, with bitcoin ticking up 0.5% and ethereum climbing 1.5% in the same window. Meanwhile, SAFE token vaulted more than 23% today, while AI16Z appreciated by 9.29% against the U.S. dollar. Wall Street Ends Up, Crypto …
Continue reading “Crypto Markets Echo Wall Street’s Modest Gains Amid Trade Policy Fog”
Historic: AI Will Begin Developing Laws in the UAE
The government of the UAE has launched what it calls the first AI-based legislative system, allowing synthetic agents to develop laws and monitor their effects through big data analysis. UAE Enables AI Interaction in Lawmaking With New Smart Legislative System Artificial Intelligence (AI) has begun to penetrate all aspects of human life, and governance is …
Continue reading “Historic: AI Will Begin Developing Laws in the UAE”
Bitcoin Miner Compass Energizes First Phase of 30 MW Iowa Data Center
Compass Mining has initiated operations at the first phase of its self-owned bitcoin mining facility in Iowa, the company announced on Tuesday. Compass Mining Powers Up First Phase of 30 MW Iowa Project The initial 8-megawatt (MW) phase of the 30 MW project is now online, with construction on remaining capacity set to begin in …
Continue reading “Bitcoin Miner Compass Energizes First Phase of 30 MW Iowa Data Center”
Regulatory Delay Hits Franklin Templeton’s XRP ETF Listing Bid
The U.S. Securities and Exchange Commission (SEC) has delayed a decision on whether to approve the listing of Franklin Templeton’s proposed exchange-traded fund (ETF) tied to XRP, extending its review period by 45 days. SEC Takes Additional 45 Days to Assess Franklin XRP Fund Filing The SEC announced Tuesday it will defer its ruling on …
Continue reading “Regulatory Delay Hits Franklin Templeton’s XRP ETF Listing Bid”
Prosecutors Seek 20-Year Sentence for Ex-Celsius CEO in Multi-Million-Dollar Fraud Case
Federal prosecutors have asked a judge to sentence former Celsius Network CEO Alex Mashinsky to at least 20 years in prison for orchestrating a multiyear fraud that caused over $550 million in losses to cryptocurrency investors. Mashinsky’s $48M Gain from Celsius Collapse Demands 20 Years, Prosecutors Say In a sentencing memorandum filed April 28, the …
Markets Waver as US Treasury Chief Talks Tough on China Trade Risks
U.S. Treasury Secretary Scott Bessent, the 79th Secretary of the Treasury, addressed trade tensions with China during a White House press conference, emphasizing that Beijing faces severe economic consequences if tariffs remain high. ‘Certainty Not Necessarily Good’: Bessent Defends Strategy Amid Stock Market Stall Amid efforts to highlight President Trump’s policy achievements during his second …
Continue reading “Markets Waver as US Treasury Chief Talks Tough on China Trade Risks”
Betting markets’ Q1 US GDP forecast flips negative amid tariff turmoil
Bettors on prediction platforms Polymarket and Kalshi are flipping bearish on the US economy. As of April 29, both platforms are predicting that the US will log an economic contraction during the first quarter of 2025 in an upcoming economic data release. The US has logged positive growth figures every quarter since 2022, and a …
Continue reading “Betting markets’ Q1 US GDP forecast flips negative amid tariff turmoil”
US Senate majority leader expects stablecoin vote before May 26 — Report
US Senate Majority Leader John Thune reportedly told Republican lawmakers that the chamber would address a bill on stablecoin regulation before the May 26 Memorial Day holiday.According to an April 29 Politico report, Thune made the comments in a closed-door meeting with Republican senators, who hold a slim majority in the chamber. The Guiding and …
Continue reading “US Senate majority leader expects stablecoin vote before May 26 — Report”