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Bitcoin expected to beat stalling US GDP growth trend as Q1 data is released later today
At 08:30 ET today, the Bureau of Economic Analysis is set to release its advance estimate for US Q1 GDP, with consensus expectations at a 0.3% seasonally adjusted annual rate. If confirmed, this would mark the weakest quarterly print since early 2022 and contrast starkly with the inflow of over $3 billion into spot Bitcoin […]
BlackRock unveils blockchain-enabled shares for $150B money market fund
BlackRock, the world's largest asset manager, has made additional moves to incorporate blockchain technology into its traditional finance operations. According to an April 28 filing with the US Securities and Exchange Commission (SEC), the firm seeks approval to introduce a blockchain-enabled share class, referred to as "DLT Shares," tied to its $150 billion money market […]
DWF Labs Named Official Market Maker for JST as JUST Ecosystem Expands
Dubai, UAE – April 29, 2025 – DWF Labs, the new generation Web3 investor and market maker, today announced that it will operate as the official market maker for JST, the native governance token of the JUST ecosystem, built on the TRON blockchain. Through this collaboration with the JUST Foundation, DWF Labs will provide liquidity […]
SEC closes PayPal stablecoin probe, clearing regulatory hurdle for PYUSD
The U.S. Securities and Exchange Commission has formally ended its inquiry into PayPal’s dollar-backed stablecoin, PYUSD, opting not to pursue enforcement action, according to the company’s latest 10-Q filing. The decision, disclosed in Q1 2025 financials, follows a November 2023 subpoena that had raised industry speculation over whether PYUSD might be treated as an unregistered […]
Bitcoin’s price spike supported by ETF demand as stablecoin buying power remains low
The exchange stablecoins ratio (ESR) and stablecoin supply ratio (SSR) provide important insight into Bitcoin's liquidity and potential buying power. ESR measures the proportion of stablecoins relative to Bitcoin exchange reserves, serving as a gauge of spot liquidity. A low ESR reflects limited immediate buying power, while a high ESR points to abundant capital waiting […]
Pundi AI breaks new ground by joining NVIDIA’s exclusive AI startup circle
Pundi AI, a data infrastructure platform that integrates artificial intelligence with blockchain technology, has joined the NVIDIA Inception program, according to an April 29 statement shared with CryptoSlate. The initiative, designed to support cutting-edge AI startups, will offer Pundi AI access to advanced tools, training, and market support. According to the statement, Pundi AI provides […]
Visa launches stablecoin-powered payment cards in Latin America
Visa announced on April 30 a new card-issuing program that allows users in Latin America to spend stablecoins at any of the 150 million merchants that accept Visa. The initiative, launched in partnership with Bridge, a stablecoin orchestration platform recently acquired by Stripe, enables fintech developers to issue stablecoin-linked Visa cards across Argentina, Colombia, Ecuador, […]
SEC delays 5 crypto ETFs, analysts expect final rulings by October
The US Securities and Exchange Commission (SEC) delayed decisions on five crypto-related exchange-traded funds (ETFs) applications on April 29, a move expected by Bloomberg ETF analysts James Seyffart and Eric Balchunas. The postponements affect Franklin Templeton's spot Solana (SOL) and XRP ETFs, Grayscale spot Hedera (HBAR) ETF, Bitwise spot Dogecoin (DOGE) ETF, and the staking […]
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 […]
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. […]
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 […]
Nasdaq files to list 21Shares Dogecoin ETF, signaling mainstream crypto acceptance
Nasdaq has filed a 19b-4 form with the US Securities and Exchange Commission (SEC) to support the listing of a new 21Shares Spot Dogecoin (DOGE) Exchange-Traded Fund (ETF), according to an April 29 filing. The proposed fund would offer investors passive exposure to Dogecoin’s price without engaging in speculative trading activities like leverage, derivatives, or […]
Circle secures USDC regulatory nod in Abu Dhabi, enters tech ecosystem
Circle, the issuer of the USDC stablecoin, has secured initial approval from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi. The approval, announced on April 29, allows Circle to move closer to receiving a full Financial Services Permission (FSP) to operate within the Abu Dhabi Global Market (ADGM). This progress comes just months after Circle's […]
BlackRock’s IBIT holds over 3% of Bitcoin supply following record $970 million inflow
BlackRock's iShares Bitcoin Trust (IBIT), the largest spot BTC exchange-traded fund by net assets, recorded a positive inflow of $970 million on April 28. This marks its second-largest single-day inflow since launching in January 2024. The strong inflow pushed IBIT's assets under management to over $56 billion. According to SoSoValue data, the fund controls over […]
Likely Donald Trump $150M memecoin insider wallet moves $20M TRUMP to exchanges as price dips
A wallet reportedly linked to the official Donald Trump memecoin project has transferred nearly $20 million worth of TRUMP tokens to centralized exchanges. On April 29, on-chain analyst EmberCN reported that the team’s wallet transferred 1.346 million TRUMP tokens, valued at $19.53 million, to three major exchanges. Data from Arkham Intelligence, cited by EmberCN, revealed […]
P2P.org Joins TRON Network as Newest Super Representative
George Town, Grand Cayman, Cayman Islands – April 29, 2025 – P2P.org, a leading validation and staking provider across multiple blockchain networks, has been officially elected as a TRON Super Representative (SR), supporting TRON’s mission to decentralize the internet through blockchain technology. This strategic integration strengthens TRON’s infrastructure and expands P2P.org’s validation services to over […]
Ethereum drops EOF from Fusaka upgrade after community pushback
Ethereum developers have officially removed the EVM Object Format (EOF) from the upcoming Fusaka network upgrade, citing technical uncertainties and community opposition. According to Tim Beiko, Protocol Support Lead at the Ethereum Foundation, the decision was finalized during the Ethereum All Core Developers (ACD) call on April 28. This announcement came shortly after Tomasz Stańczak, […]
Late April spike in Bitcoin’s estimated leverage ratio raises liquidation risks
Bitcoin's estimated leverage ratio (ELR) across major derivatives exchanges spiked to 0.2709 on Friday, Apr. 25, its highest reading since Jan. 10, 2023. ELR divides open interest by the number of coins sitting on those venues, so a climb means traders are running larger positions against each BTC held as margin. Two years ago, the […]