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news-imageApril 8, 2025

Digital Asset Outflows Hit $240 Million Amid US Trade Tariff Concerns

Bitcoin's outflows were the biggest contributor, but digital assets overall proved resilient, with regional variations in inflows and outflows across markets.
Publisher: CryptoPotato
Sentiment: Negative
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Neutral
cover-imageCointelegraph
April 16, 2025

SEC's next roundtable to discuss crypto custody with insiders

The US Securities and Exchange Commission (SEC) announced industry insiders from Kraken, Exodus, Anchorage Digital, and others would be participating in its crypto task force's roundtable discussion on custody.In an April 16 notice, the SEC said commissioners Hester Peirce and Caroline Crenshaw, acting chair Mark Uyeda and crypto task force Chief of Staff Richard Gabbert will sit down with Mark Greenberg, crypto exchange Kraken's vice president of consumer business and product, Anchorage Digital Bank's Chief Risk Officer Rachel Anderika and Exodus Chief Legal Officer Veronica McGregor. Other representatives will include those from WisdomTree, Fidelity Digital Asset Services, and Fireblocks.

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Neutral
cover-imageCointelegraph
April 16, 2025

Fed's Powell reasserts support for stablecoin legislation

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.

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Neutral
cover-imageCryptoSlate
April 16, 2025

Bybit to end multiple Web3 services in strategic pivot

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.

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Positive
cover-imageBenzinga
April 16, 2025

Fed Chair Powell Says Crypto And Banking Rules Will 'Loosen' As Sector Matures

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.

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Neutral
cover-imageCointelegraph
April 16, 2025

Sam Bankman-Fried's latest California prison once housed Al Capone

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.

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Negative
cover-imageThe Daily Hodl
April 16, 2025

U.S. Homeland Security Initiates Probe Into Crypto Bank Anchorage Digital: Report

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.

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Neutral
cover-imageBenzinga
April 16, 2025

Russia Reportedly Looking Into Creating Its Own Stablecoin

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.

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Positive
cover-imageCryptonews
April 16, 2025

South Korean Candidate Vows ‘Trump-Style' Crypto Deregulation—Will 15M Users Put Him in Office?

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.

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Positive
cover-imageCryptonews
April 16, 2025

Breaking: Bitwise Unveils 4 Crypto ETPs on LSE—Will Institutions Finally Flock to Crypto?

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.

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Negative
cover-imageBitcoin
April 16, 2025

Altcoin Market 41% Drop Signals Possible Crypto Winter: Coinbase

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.

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Negative
cover-imageCryptonews
April 16, 2025

Bigger Threat Than Tariffs? Italy's Minister Warns US Stablecoins Could Destabilize the Euro

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.

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Positive
cover-imageCointelegraph
April 16, 2025

Securitize manages $38B with acquisition of MG Stover admin business

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.

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Positive
cover-imageCointelegraph
April 16, 2025

Bitwise lists four crypto ETPs on London stock exchange

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.

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Positive
cover-imageBlockworks
April 16, 2025

Optimum aims to deliver Web3's missing memory layer

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

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Negative
cover-imageCointelegraph
April 16, 2025

Market maker deals are quietly killing crypto projects

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.

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