The former Chair of the U.S. Securities and Exchange Commission (SEC) Gary Gensler is warning that the future of non-Bitcoin (BTC) crypto assets is looking bleak.

As digital assets gain mainstream adoption, establishing a legal framework for stablecoins is a “good idea,” said US Federal Reserve Chair Jerome Powell.In an April 16 panel at the Economic Club of Chicago, Powell commented on the evolution of the cryptocurrency industry, which has delivered a consumer use case that “could have wide appeal” following a difficult “wave of failures and frauds,” he said. Powell delivers remarks at the Economic Club of Chicago.

Crypto exchange Bybit announced that it will discontinue a wide range of its Wweb3 products and services by the end of May, according to an April 16 notice. The exchange said the decision is part of a shift in its operational focus as it enters a new phase of growth and innovation.

Bitwise launched four of its most liquid European ETP on the London Stock Exchange (LSE), targeting institutional investors.

Russia should be eyeing its own fiat-backed stablecoins, a senior finance ministry official has said. According to a Reuters report on April 16, Russia should unveil its own stablecoins after recent events related to the popular U.S.

Federal Reserve Chair Jerome Powell said Wednesday that the U.S. is preparing to relax certain cryptocurrency and banking regulations, marking a notable shift in tone toward the digital asset sector. What Happened: Speaking at the Economic Club of Chicago on Wednesday, Powell acknowledged that the crypto market has become more mainstream and emphasized the need for a clear regulatory framework, particularly around stablecoins.

Former FTX CEO Sam “SBF” Bankman-Fried has moved from a transit facility to a California prison that once housed infamous gangster Al Capone.According to the Federal Bureau of Prisons website, officials moved Bankman-Fried from the Federal Transfer Center in Oklahoma City briefly to the Federal Correctional Institution in Victorville before transferring him to a facility in Terminal Island in Los Angeles, California. The federal institution was once home to criminals like former Theranos chief operating officer Ramesh Balwani and Capone, who was convicted of tax evasion in 1931.

Crypto prices dropped after U.S. Federal Reserve Chair Jerome Powell warned that higher tariffs and rising prices could slow down the economy. Speaking in Chicago, he said these changes might lead to stagflation, a mix of high inflation and low growth.

Panama City now joins other cities across the globe, such as Detroit, in permitting cryptocurrencies for municipal payments.

The U.S. Department of Homeland Security is reportedly investigating the cryptocurrency company Anchorage Digital Bank. According to a new Barron's report, the federal agency's El Dorado Task Force, which combats money laundering and other financial crimes, has contacted Anchorage Digital Bank employees to inquire about the company's practices and policies.

AI-powered asset management platform Glider hopes to offer a non-custodial solutions that makes trading easier for new users.

Local Chinese governments are reportedly contemplating how to get rid of their burgeoning stashes of seized crypto assets. According to a new report by Reuters, local governments in China are debating how to efficiently dispose of digital assets seized from illegal transactions.

Russia is exploring the creation of its own stablecoins following the recent freeze of digital wallets linked to Russian entities, which held large amounts of the USDT (CRYPTO: USDT) stablecoin. What Happened: A senior Finance Ministry official indicated that such an initiative could help maintain financial autonomy amid growing restrictions from Western sanctions, according to Reuters.

A South Korean presidential candidate promised to implement Trump-style crypto regulations reform, drawing comparisons to US deregulation policies. With 15 million cryptocurrency users in South Korea, this stance on crypto regulations could influence election outcomes as digital asset holders represented a substantial voting bloc. The post South Korean Candidate Vows ‘Trump-Style' Crypto Deregulation—Will 15M Users Put Him in Office? appeared first on Cryptonews.

Russia's Finance Ministry is evaluating the creation of domestic stablecoins pegged to foreign currencies after access to Tether's USDT was restricted for wallets linked to the sanctioned Russian exchange Garantex, as Reuters reported.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Bitwise launched four physically-backed crypto exchange-traded products on the London Stock Exchange, including Bitcoin and Ethereum offerings. Following Bitwise's acquisition of ETC Group, these products provided institutional investors regulated exposure through cold storage custody and independent trustees, further expanding the firm's European presence. The post Breaking: Bitwise Unveils 4 Crypto ETPs on LSE—Will Institutions Finally Flock to Crypto? appeared first on Cryptonews.

Crypto giant Bitwise says that parts of the digital asset ecosystem are experiencing “raging bull markets” despite underwhelming sentiment in the asset class at large.

Digital asset custody platform Copper is teaming up with institutional staking provider P2P.org to bring secure staking services to institutions. In this strategic collaboration, the companies will leverage P2P.

The U.S. Secret Service teamed up with Canadian authorities in a cross-border crackdown on a sophisticated crypto scam that drained $4.3 million from victims' Ethereum wallets.

A Coinbase Research report suggests that the 41% drop in the cryptocurrency market capitalization (excluding bitcoin) from its December 2024 peak to mid-April 2025 may signal a new crypto winter. Uncertainty Stokes Indecision The 41% decline in the total cryptocurrency market capitalization, excluding bitcoin, from its December 2024 peak of $1.

A senior official from Russia's Finance Ministry has called for the development of stablecoins linked to foreign currencies after wallets connected to Russian users and holding USDT were frozen last month.

Italy's Economy Minister warned that U.S. dollar stablecoins threaten euro stability more severely than trade tariffs. As stablecoins become popular for cross-border transactions, the ECB accelerated its digital euro project to counter fragmentation of the EU payment industry. Meanwhile, U.S. lawmakers advanced the STABLE Act to regulate stablecoin issuers. The post Bigger Threat Than Tariffs? Italy's Minister Warns US Stablecoins Could Destabilize the Euro appeared first on Cryptonews.

Tokenization company Securitize has expanded its digital asset operations by acquiring MG Stover's fund administration business, in a move the company said has significantly grown its assets under management and ability to serve institutional clients.With the acquisition, MG Stover's fund administration business has been absorbed into Securitize Fund Services, Securitize's wholly owned subsidiary, the company disclosed. Securitize Fund Services now manages more than $38 billion in assets across 715 funds.

Panama City Council has voted to become the first government institution to accept crypto payments.

Apple has delisted 14 crypto apps in South Korea at the request of one of the country's regulators. South Korea's Financial Intelligence Unit (FIU), an anti-money laundering agency, issued the requests. The regulator claims the banned apps involved foreign virtual asset operators conducting “unreported business activities.

Candidate Hong Joon-pyo promised to elevate virtual assets into a fully recognized industry and introduce the technology into public services.

Just $57,000 of the $11 billion collected in income tax in Colorado since 2022—0.0005%—was paid using crypto.

Asset manager Bitwise has listed four Bitcoin (BTC) and Ether (ETH) exchange-traded products on the London Stock Exchange, expanding its presence in the European region.The listings include the Bitwise Core Bitcoin ETP, the Bitwise Physical Bitcoin ETP, Bitwise's Physical Ethereum ETP, and the Bitwise Ethereum Staking ETP, according to the April 16 announcement. The products are available to institutional or otherwise-qualified investors with an accreditation, and not open to retail investors.

Blockchain networks have long styled themselves as “decentralized world computers” ever since Ethereum. But one key component of modern computing has been missing: memory.

Russia should develop its own stablecoins pegged to other currencies after Russia-linked digital wallets holding the popular USDT stablecoin were blocked last month, a senior Finance Ministry official said on Wednesday.

The right market maker can be a launchpad for a cryptocurrency project, opening the door to major exchanges and providing valuable liquidity to ensure a token is tradeable — but when the wrong incentives are baked into the deal, that market maker can become a wrecking ball.One of the most popular and misunderstood offerings in the market-making world is the “loan option model.” This is when a project lends tokens to a market maker, who then uses them to create liquidity, improve price stability, and help secure listings at a cryptocurrency exchange.

Two whales sold $4.94 million worth of TRUMP tokens as Donald Trump is reportedly planning to debut a Monopoly-style crypto game.

As the crypto market faces increased volatility in the early Wednesday session, all eyes are now on Federal Reserve Chair Jerome Powell's impending speech and retail sales data for March, released today.

As global markets grapple with the resurgence of protectionist policies, Vlad Kamyshov, CEO of EVAA Protocol, voiced concerns in a note to crypto.news over the effects of tariffs on digital finance ecosystems.

Novel decentralized finance (DeFi) protocol Neutrl aims to bring a hedge fund trade — once limited to sophisticated investors — to the masses in the form of a crypto token.

TL;DR DWF Labs opened an office in New York as part of its U.S. expansion and invested $25 million in WLFI governance tokens. The firm will work with local financial institutions, add talent in key areas, and establish connections with regulators and universities.

The Italian Minister of Economy and Finance, Giancarlo Giorgetti, expressed his concerns about the threat posed by American stablecoins, emphasizing that they could represent a greater danger than Donald Trump's tariffs. According to him, these dollar-backed cryptos risk disrupting Europe's financial stability.

China is considering introducing a nationwide policy to govern the handling of cryptocurrencies seized from criminal activities, Reuters reported on April 16. According to the report, Chinese authorities have seized a growing number of digital assets related to illicit activities such as fraud and money laundering.

A cryptocurrency trader has incurred massive losses of over $2 million after holding Ethereum (ETH) for nearly a year.

Zooming out, the S&P 500 was down nearly 9% year-to-date early Wednesday, and the Nasdaq Composite index has fared worse, dropping 14% so far in 2025.

WalletConnect Token (WCT) rebounded over 100% after its airdrop-driven dip, fueled by upcoming Korean exchange listings and surging demand, though price gaps and volatility persist across major trading platforms. The post WCT Soars 100% After Airdrop Dump — Price Gap Widens Ahead of Korean Exchange Listings appeared first on Cryptonews.

Crypto users often focus on user interfaces and pay less attention to the complex internal protocols. Security experts recently raised concerns about a critical vulnerability in Crypto-MCP (Model-Context-Protocol), a protocol for connecting and interacting with blockchains.

Panama City has approved a measure allowing residents to pay for public services using cryptocurrency. The city council voted to enable payments in Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether (USDT) for services like taxes, permits, and fines.

The meme coin market is undergoing a transformation with the integration of Artificial Intelligence (AI), sparking a shift in blockchain preferences. AI-driven coins are now favoring Base over Solana, reigniting competition within the blockchain space.

An exciting interview, diving deeper into the intricacies of modern-day crypto trading markets and the challenges faced by many exchanges.

OpenAI's ambitions have always been out of the ordinary. Now, in an act of what some view as a direct challenge to Elon Musk, the AI giant is working on a social media app similar to X.

TL;DR OKX returns to the U.S. market after paying $505 million for operating without a license and appoints Roshan Robert as CEO to lead its relaunch. The comeback includes a new centralized exchange, the integration of OKX Wallet, and a full migration of Okcoin users.