The successful reversal of the Internal Revenue Service rule marks the first time the industry got a significant pro-crypto effort through Congress.
The Biden-era rule would have obligated DeFi platforms to comply with tax reporting requirements designed for brokers.
The lawmakers said it made 'no sense' for the DOJ to take their hands off of tools used by North Korea, drug traffickers and scammers.
The repeal fosters a more innovation-friendly environment for DeFi, reducing compliance burdens and protecting user privacy in the crypto sector.
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Block Inc., the company behind Cash App and led by Jack Dorsey, has been fined $40 million by the New York Department of Financial Services (NYDFS). The penalty, announced on April 10, stems from widespread lapses in the company’s anti-money laundering (AML) and compliance systems related to its virtual currency operations. NYDFS Superintendent Adrienne Harris […]
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An analyst has explained how a break beyond the 200-day moving average (MA) might put Bitcoin on the path to a top around the upper band of this indicator. Bitcoin Mayer Multiple Currently Has Its Upper Band Located At $208,550 In a new post on X, analyst Ali Martinez has discussed the Mayer Multiple of Bitcoin. The “Mayer Multiple” here refers to an indicator that keeps track of the ratio between the BTC price and its 200-day MA. One way to interpret the metric is as a measure of the distance away that the asset’s value is from the 200-day MA. Historically, the 200-day MA has served as a boundary between bullish and bearish trends for the cryptocurrency, so how far its price is from this important line can help indicate potential oversold and overbought conditions. Related Reading: 62.8% Of XRP Realized Cap Held By New Investors: Sign Of Fragility? More specifically, a Mayer Multiple value of 2.4 or more has generally signaled that the asset is becoming overheated. Similarly, a value of 0.8 or under can suggest the coin may be due to a bounce back towards the 200-day MA. Now, here is the chart shared by the analyst that shows the trend in the 200-day MA of Bitcoin, as well as lines corresponding to the 2.4 and 0.8 Mayer Multiple levels, over the past decade: As is visible in the chart, Bitcoin has recently declined under the 200-day MA, situated at $86,900. This means that the Mayer Multiple has now dropped under the 1.0 mark. The next potential support for the cryptocurrency could be located at $69,500, corresponding to the level where the Mayer Multiple would assume a value equal to 0.8. BTC has witnessed a surge in the past day, so it’s currently closer to retesting the 200-day MA than falling back on this support. In the scenario that the asset goes on to retest this mark and successfully break above it, Martinez has noted that the stage might be set for a market top around $208,550. This level, of course, correlates to the 2.4 Mayer Multiple level. So far in the current cycle, Bitcoin hasn’t made a single touch of this level. From the chart, it’s visible that the bull run in the second half of 2021 attained its peak far below the line, but the cryptocurrency still spent time around it during the first half of the year. Related Reading: Stablecoin Activity Shoots Up: Investors Looking To Buy Bitcoin? Given the precedence, it’s possible that the asset would hit this mark at least once in the remaining portion of the current cycle. It only remains to be seen, however, whether the pattern holds, considering the uncertainty in the form of tariffs that’s looming over the market. BTC Price Bitcoin has shown some sharp recovery during the last 24 hours as its price is back to $81,500 after a jump of over 6%. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
The US Securities and Exchange Commission (SEC) has dismissed a lawsuit against Nova Labs, developer of decentralized wireless network Helium, for allegedly issuing unregistered securities, Helium stated in an April 10 blog post. Filed in January 2025, the lawsuit was among the SEC’s final enforcement actions against a cryptocurrency developer under former Chair Gary Gensler, who stepped down from his post on Jan. 20 after US President Donald Trump took office. The dismissal with prejudice means the blockchain developer cannot be charged with similar violations again for issuing in 2019 its native token Helium (HNT), the company said. “[W]e can now definitively say that all compatible Helium Hotspots and the distribution of HNT, IOT, and MOBILE tokens through the Helium Network are not securities,” Helium said. “[T]he outcome establishes that selling hardware and distributing tokens for network growth does not automatically make them securities in the eyes of the SEC [and] that the SEC cannot bring these charges against Helium again,” it added.Source: HeliumThe SEC’s Helium reversal came the same day Trump-nominee Paul Atkins formally replaced Gensler as SEC Chair after a lengthy confirmation process in the Senate. Helium is a blockchain network designed to let “anyone build and own massive wireless networks,” according to its website. The protocol reports having roughly 375,000 active hotspots. According to CoinGecko, HNT has a market capitalization of approximately $480 million as of April 10 — down from highs of more than $5 billion in November 2021. HNT’s price since 2019. Source: CoinGeckoRelated: SEC will drop its appeal against Ripple, CEO Garlinghouse saysChanging policy stanceUnder Gensler, the SEC brought upward of 100 charges against Web3 developers for various alleged securities violations. Since Trump took office, the SEC has sharply reversed course, dropping numerous charges against crypto firms, including Coinbase, Kraken, Ripple and Uniswap. Trump has positioned himself as a pro-crypto President, promising to make America the “world’s crypto capital,” appointing industry-friendly leaders to key regulatory posts, and ordering the federal government to create a national Bitcoin (BTC) reserve.For some crypto executives, Trump's policies — such as announcing sweeping tariffs on US imports in April — threaten to stymie crypto’s progress.Magazine: 3 reasons Ethereum could turn a corner: Kain Warwick, X Hall of Flame
Cryptocurrency exchange HashKey has received approval from Hong Kong regulators to offer staking services, potentially broadening the institutional appeal of proof-of-stake investments such as the spot Ether exchange-traded funds (ETFs).HashKey was granted approval on April 10 after the Hong Kong Securities and Futures Commission (SFC) provided regulatory guidance on staking services to Licensed Virtual Asset Trading Platforms (VATPs) and authorized funds, the company disclosed on social media. HashKey said it had become “one of the first” regulated Hong Kong exchanges to offer staking services.Source: HashKey GroupThe approval was granted after the China Securities Regulatory Commission (CSRC) recognized the potential benefits of crypto staking services, the SFC said.CSRC “is aware of the potential benefits of staking in enhancing the security of blockchain networks and allowing investors to earn returns from virtual assets in a regulated market environment,” the SFC said, according to a translated version of the announcement that appeared on Asian media outlet PANews. Related: Crypto VCs are ‘especially bullish’ on DePIN, RWAs — HashKey CapitalTaking the lead on ETH stakingThe SFC approval means HashKey can take the lead in offering staking services for spot Ether (ETH) ETFs, according to the exchange’s managing director, Terence Pu.“In the near future, investors will not only be able to hold Ether ETFs to obtain staking income but also directly hold ETH and obtain additional income through our staking services,” Hu said in a translated version of his statement. Hong Kong approved its first Ether and Bitcoin (BTC) ETFs in April of last year, giving institutional investors access to an in-kind subscription model for digital assets.Hong Kong is ahead of the curve in allowing ETF investors to earn a passive yield on their digital assets. In the United States, the Securities and Exchange Commission (SEC) green-lighted spot Ether ETFs last year but did not allow staking strategies to be included.For many US investors, staking is the missing link that could make US-based Ether ETFs more attractive to institutional investors. With the election of US President Donald Trump and the installation of a pro-crypto SEC Chair, investors are growing confident that staking services are coming to the US Ether ETFs in the near future. Source: James SeyyfartBased on Bloomberg analyst James Seyffart’s potential timeline, approvals could be granted as early as May.Magazine: ‘Hong Kong’s FTX’ victims win lawsuit, bankers bash stablecoins: Asia Express
As part of the settlement agreement, the SEC agreed to drop its claims that three of Nova Labs’ tokens, including the native HNT token, were securities.
North Carolina (NC) representative Neal Jackson introduced the North Carolina Digital Asset Freedom Act on April 10. The bill proposes that qualifying "digital assets" be accepted as a legally recognized form of payment and for taxes.Although the language of the bill does not specifically mention Bitcoin (BTC), there are several provisions laid out that make BTC uniquely qualified under the bill's definition of a "digital asset."These stipulations include a minimum market capitalization of $750 billion and a daily trading volume of over $10 billion, a market history of 10 years or more, proven censorship resistance, proof-of-work consensus, lack of a central authority, 99.98% or more network uptime, and a maximum supply cap. The bill read:"The General Assembly further finds that decentralized digital assets, which are not governed by any central entity or foundation, align with the economic principles of limited, noninflationary money and are capable of ensuring the security and integrity of transactions."Jackson's bill is merely the latest in state-led Bitcoin strategic reserve legislation in the United States amid inflation concerns, high US federal debt and a depreciating currency.NC Digital Asset Freedom Act. Source: North Carolina LegislatureRelated: North Carolina bills would add crypto to state’s retirement systemNorth Carolina takes a firm stance against CBDCsFormer North Carolina Governor Roy Cooper vetoed a bill banning a central bank digital currency (CBDC) in July 2024. At the time, Cooper characterized the bill as "premature, vague, and reactionary" to threats that have not yet materialized.In August 2024, the North Carolina House of Representatives overrode Cooper's veto in a definitive and bipartisan 73-41 vote.The North Carolina Senate followed suit by overriding Cooper's veto in a 27-17 vote and passed the anti-CBDC legislation into law in September 2024.North Carolina’s anti-CBDC legislation. Source: North Carolina Legislature Dan Spuller, the head of industry affairs at crypto advocacy organization the Blockchain Association, applauded the action taken by NC lawmakers to push back against the tide of CBDCs."This bill should have never been vetoed, and Governor Cooper blew an opportunity to send a strong message to the Federal Reserve that NC stands united against CBDCs," Spuller wrote in a Sept. 9 X post.Magazine: Bitcoiner sex trap extortion? BTS firm’s blockchain disaster: Asia Express
House of Doge, the official corporate arm of the Dogecoin Foundation, has announced an exclusive partnership with 21Shares to launch the only Dogecoin (DOGE) exchange-traded products (ETPs) officially endorsed by the Foundation. As part of the agreement, 21Shares, one of the world’s largest crypto ETP issuers, has filed a Form S-1 registration statement with the […]
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The SEC staff statement was based on observations about previous disclosures, the agency said.
The joint motion to pause appeals may expedite a resolution, potentially setting a precedent for future crypto-related legal disputes.
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Jack Dorsey says Bitcoin needs payments to scale. Rena Shah, COO of Trust Machines, disagrees. It can continue to be this asset of generational wealth or store of value against inflation, while actually being an active asset across an evolving financial ecosystem, she says.
Before April 9, miners were paying upwards of $3M for chartered flights as they try to outrun the impact of Trump’s import levies. Some miners are comparing the tariffs to China’s 2021 mining ban.
Toncoin (TON) is starting to make waves again, showing signs of renewed strength after successfully breaking out of a long-standing descending channel on the daily chart. This breakout marks a pivotal moment for the token, potentially signaling the end of the recent downtrend and hinting at the early stages of a fresh uptrend. As the crypto market shows signs of renewed vigor, Toncoin appears to be positioning itself as one of the standout performers of this emerging cycle. Whether this breakout marks the beginning of a sustained uptrend or faces temporary headwinds will depend on both technical follow-through and broader market sentiment. A Potential Uptrend In The Making According to Profit Demon in a recent post on X, Toncoin is demonstrating significant strength by staying above the descending channel on its daily chart. This technical formation is crucial as it signals a shift in market dynamics after a period of weakness and decline. Related Reading: Toncoin Takes A Hit With 12% Correction After Failing To Break $4.34, More Pain? Profit Demon noted that TON had previously faced a sharp correction. However, the latest price action indicates a recovery, with Toncoin finding solid support at a key level. This level now serves as a critical foundation, offering the potential for a new upward move. He further emphasized that if the bullish momentum continues to grow, TON could target several key resistance levels. With the current market sentiment favoring a recovery, Toncoin’s price may rise toward the $4.10 level. A successful breakout above this mark would solidify the bullish trend, propelling it to the $4.90 and $5.60 marks. Can Toncoin Sustain Current Trends and Trigger A Rally? For TON to sustain its rally, the Relative Strength Index (RSI) plays a key role. The RSI should stay within the optimal range of 40 to 70, avoiding overbought conditions above 70. If the RSI remains above 50 and outside overbought territory, Toncoin will have room for further appreciation. A breakout above key resistance levels while keeping the RSI in this range would strengthen the bullish case. Related Reading: Is Toncoin Set for a Comeback? Key Market Signals Point to a Possible Rebound The Moving Average Convergence Divergence (MACD) is another critical indicator to monitor. Currently, the MACD has shown signs of bullish divergence, suggesting that momentum is shifting in favor of the bulls. For the rally to continue, the MACD line should remain above the signal line, confirming that buying pressure outweighs selling pressure. Lastly, volume analysis is essential in confirming the strength of the price movement. A rally supported by increasing volume signals that the trend is backed by real demand and a temporary spike. To sustain an upward movement, trading volume must rise as TON breaks through resistance levels. Higher volume indicates genuine interest from traders, which strengthens the trend, while lower volume may suggest a lack of conviction, limiting the rally’s longevity. Featured image from Medium, chart from Tradingview.com
The US Securities and Exchange Commission (SEC) and Ripple Labs have jointly filed a motion to hold their appeals in abeyance, citing an agreement in principle to resolve their long-standing case. The motion, submitted to the United States Court of Appeals for the Second Circuit on April 10, seeks to suspend proceedings while the parties […]
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New York Attorney General (NYAG) Letitia James sent a letter to congressional leaders on April 10 urging the passage of federal legislation to establish a regulatory framework for crypto. The letter argued that the lack of national rules increases the risk of financial fraud, criminal abuse, and market instability in the digital asset sector. Attorney […]
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Escalating geopolitical tensions threaten to balkanize blockchain networks and restrict users' access, crypto executives told Cointelegraph. On April 9, US President Donald Trump announced a pause in the rollout of tariffs imposed on certain countries — but the prospect of a global trade war still looms, especially because Trump still wants to charge a 125% levy on Chinese imports. Industry executives said they fear a litany of potential consequences if tensions worsen, including disruptions to blockchain networks’ physical infrastructure, regulatory fragmentation, and censorship. “Aggressive tariffs and retaliatory trade policies could create obstacles for node operators, validators, and other core participants in blockchain networks,” Nicholas Roberts-Huntley, CEO of Concrete & Glow Finance, told Cointelegraph. “In moments of global uncertainty, the infrastructure supporting crypto, not just the assets themselves, can become collateral damage.”According to data from CoinMarketCap, cryptocurrency’s total market capitalization dropped approximately 4% on April 10 as traders weighed conflicting messages from the White House on tariffs amid a backdrop of macroeconomic unease. Crypto’s market cap retraced on April 10. Source: CoinMarketCapRelated: Trade tensions to speed institutional crypto adoption — ExecsBitcoin’s vulnerabilitiesBitcoin (BTC) is especially vulnerable to a trade war since the network depends on specialized hardware for Bitcoin mining, such as the ASIC chips used to solve the network’s cryptographic proofs. “Tariffs disrupt established ASIC supply chains,” David Siemer, CEO of Wave Digital Assets, told Cointelegraph. Chinese manufacturers such as Bitmain are key suppliers for miners.However, “the greater threat is the erosion of blockchain’s core value proposition—its global, permissionless infrastructure,” Siemer said. This could be especially problematic for everyday crypto holders. “If global trade breaks down and capital controls tighten, it may become harder for citizens in restrictive countries to acquire bitcoin,” said Joe Kelly, CEO of Unchained. “Governments could crack down on exchanges and on-ramps, making accumulation and usage more difficult,” Kelly added.Bitcoin’s performance versus stocks. Source: 21SharesIronically, these types of fears also underscore the importance of cryptocurrencies and decentralized blockchain networks, the executives said. Bitcoin has already shown “signs of resilience” amid the market turbulence, highlighting the coin’s role in hedging against geopolitical risks. “While the environment is challenging, it also creates an opening for crypto to prove its long-term value and utility on the global stage,” noted Fireblocks’ executive Neil Chopra.Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research
With the investment led by Fulgur Ventures and Framework, the firm plans to scale its bitcoin-denominated life insurance and annuity products designed to combat inflation risk.
Bitcoin’s (BTC) four-year cycle, anchored around its halving events, is widely recognized as a key factor in BTC’s year-over-year price growth. Within this larger framework, traders have come to expect distinct phases: accumulation, parabolic rallies, and eventual crashes. Throughout the four-year period, shorter-duration cycles also emerge, often driven by shifts in market sentiment and the behavior of long- and short-term holders. These cycles, shaped by the psychological patterns of market participants, can provide insights into Bitcoin’s next moves.Bitcoin whales eat as markets retreatLong-term Bitcoin holders — those holding for three to five years — are often considered the most seasoned participants. Typically wealthier and more experienced, they can weather extended bear markets and tend to sell near local tops. According to recent data from Glassnode, long-term holders distributed over 2 million BTC in two distinct waves during the current cycle. Both waves were followed by strong reaccumulation, which helped absorb sell-side pressure and contributed to a more stable price structure. Currently, long-term Bitcoin holders are in the new accumulation period. Since mid-February, this cohort’s wealth increased sharply by almost 363,000 BTC.Total BTC supply held by long-term holders. Source: GlassnodeAnother cohort of Bitcoin holders often seen as more seasoned than the average market participant are whales—addresses holding over 1,000 BTC. Many of them are also long-term holders. At the top of this group are the mega-whales holding more than 10,000 BTC. Currently, there are 93 such addresses, according to BitInfoCharts, and their recent activity points to ongoing accumulation.Glassnode data shows that large whales briefly reached a perfect accumulation score (~1.0) in early April, indicating intense buying over a 15-day period. The score has since eased to ~0.65 but still reflects consistent accumulation. These large holders appear to be buying from smaller cohorts—specifically wallets with less than 1 BTC and those with under 100 BTC—whose accumulation scores have dipped toward 0.1–0.2. This divergence signals growing distribution from retail to large holders and marks potential for future price support (whales tend to hold long-time). Oftentimes, it also precedes bullish periods.The last time mega-whales hit a perfect accumulation score was in August 2024, when Bitcoin was trading near $60,000. Two months later, BTC raced to $108,000.BTC trend accumulation score by cohort. Source: GlassnodeShort-term holders are heavily impacted by market sentimentShort-term holders, usually defined as those holding BTC for 3 to 6 months, behave differently. They're more prone to selling during corrections or periods of uncertainty. This behavior also follows a pattern. Glassnode data shows that spending levels tend to rise and fall approximately every 8 to 12 months. Currently, short-term holders’ spending activity is at a historically low point despite the turbulent macro environment. This suggests that so far, many newer Bitcoin buyers are choosing to hold rather than panic-sell. However, if the Bitcoin price drops further, short-term holders may be the first to sell, potentially accelerating the decline.BTC short-term holders’ spending activity. Source: GlassnodeMarkets are driven by people. Emotions like fear, greed, denial, and euphoria don’t just influence individual decisions — they shape entire market moves. This is why we often see familiar patterns: bubbles inflate as greed takes hold, then collapse under the weight of panic selling. CoinMarketCap’s Fear & Greed Index illustrates this rhythm well. This metric, based on several market indicators, typically cycles every 3 to 5 months, swinging from neutral to either greed or fear.Since February, market sentiment has remained in the fear and extreme fear territory, now worsened by US President Donald Trump’s trade war and the collapse in global stock market prices. However, human psychology is cyclical, and the market might see a potential return to a “neutral” sentiment within the next 1-3 months.Fear & Greed Index chart. Source: CoinMarketCapPerhaps the most fascinating aspect of market cycles is how they can become self-fulfilling. When enough people believe in a pattern, they start acting on it, taking profits at expected peaks and buying dips at expected bottoms. This collective behavior reinforces the cycle and adds to its persistence.Bitcoin is a prime example. Its cycles may not run on precise schedules, but they rhyme consistently enough to shape expectations — and, in turn, influence reality.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
The Ethereum price crash to $1,400 has shaken the crypto market, amplifying already volatile conditions. This dramatic price drop comes after a major ETH sell-off by US President Donald Trump’s World Liberty Finance, suggesting that the recent dump may have been a primary catalyst behind ETH’s price collapse. Blockchain analytics platform Lookonchain revealed on April 9 via X (formerly Twitter) that the wallet associated with World Liberty Finance, a decentralized finance protocol linked to Trump, recently dumped a significant amount of Ethereum. Interestingly, this sell-off came just before Ethereum’s price crash, raising the question of whether it contributed to the unexpected decline. Donald Trump‘s World Liberty Finance Dumps ETH Launched in 2024, World Liberty Finance is Trump’s controversial digital asset firm designed to rival centralized banking and facilitate the adoption of stablecoins. According to data from Lookonchain, Trump’s World Liberty Finance, which was previously accumulating Ethereum at a low price, is now selling off a large chunk of its holding at a steep loss. Related Reading: Major Ethereum Whale Dumps 10,000 ETH After 2 Years, Is It Time To Get Out? Lookonchain flagged the transaction, noting that the wallet linked to World Liberty Finance had offloaded 5,471 ETH tokens worth roughly $8.01 million. The sell-off was executed at a price of $1,465 per ETH, a significant drop from its previous value of over $1,600. Notably, World Liberty Finance’s ETH sell-off move has raised eyebrows across the crypto community. It appears to mark a shift in strategy for a player who was previously known for large-scale ETH accumulation. According to Lookonchain, the wallet address linked to World Liberty Finance had accumulated a total of 67,498 ETH at an average price of $3,259. This means that the decentralized finance protocol spent a total of $210 million to amass such a large amount of ETH. At its sell-off price, this leaves the entity sitting on a staggering unrealized loss of around $125 million. The recent sell-off also adds more fuel to the growing uncertainty surrounding Ethereum’s future outlook, as the cryptocurrency’s recent price crash has sparked even more bearish predictions of continued decline. Although the reason behind World Liberty Finance’s unexpected ETH sell-off remains unclear, some believe that the dump was likely triggered by Ethereum’s ongoing price decline, while others suggest it could signal a market bottom. Ethereum Price Crash To $1,400 Ethereum’s price decline to $1,400 came as a shock to the market, making it the first time the cryptocurrency had fallen so low in seven years. Notably, Ethereum was not the only leading cryptocurrency that was affected by the market turmoil, as big players like Bitcoin also suffered losses. Related Reading: Ethereum Goes Head To Head With XRP: Analyst Says ETH Will Outperform For This Reason Currently, Ethereum seems to be recovering slightly from its previous low and is now trading at $1,591 after jumping 7.44%. Although this recovery brings hope of a rebound, the cryptocurrency’s value has still dropped by 16.63% over the past month. Moreover, technical indicators from CoinCodex highlight that sentiment surrounding the cryptocurrency is still deeply bearish, suggesting that further declines could be on the horizon. Featured image from Unsplash, chart from Tradingview.com
Based on current prices, the investor may have generated more than 18,000% in profits.
Bitcoin (BTC) spot exchange-traded funds (ETFs) faced significant pressure amid uncertainty caused by the ongoing global trade war. Between March 28 and April 8, these ETFs experienced net outflows totaling $595 million, according to Farside Investors data. Notably, even after most US import tariffs were temporarily lifted on April 9, the funds still recorded an additional $127 million in net outflows.This situation has left traders questioning the reasons behind the continued outflows and why Bitcoin's rally to $82,000 on April 9 failed to boost confidence among ETF investors.Spot Bitcoin ETF net flows. Source: Farside InvestorsCorporate credit risk could be driving investors away from BTCOne factor contributing to diminished interest is the rising likelihood of an economic recession. "What you can clearly observe is that liquidity on the credit side has dried up," Lazard Asset Management global fixed income co-head Michael Weidner told Reuters. Essentially, investors are shifting toward safer assets like government bonds and cash holdings, a trend that could ultimately lead to a credit crunch.A credit crunch is a sharp decline in loan availability, leading to reduced business investment and consumer spending. It can happen regardless of US Treasury yields because heightened borrower risk perceptions may independently restrict credit supply.RW Baird strategist Ross Mayfield noted that even if the US Federal Reserve decides to cut interest rates in an effort to stabilize turbulent markets, any relief for companies might be short-lived. Mayfield reportedly stated: "In a stagflationary environment from tariffs, you'll see both investment grade and high yield corporate borrowers struggle as their costs of debt rise." Despite the 10-year US Treasury yield remaining flat compared to the previous month, investor appetite for corporate debt remains weak.ICE Bank of America Corporate Index option-adjusted spread. Source: TradingView / CointelegraphDan Krieter, director of fixed income strategy at BMO Capital Markets, told Reuters that corporate bond spreads have experienced their largest one-week widening since the regional banking crisis in March 2023. Corporate bond spreads measure the difference in interest rates between corporate bonds and government bonds, reflecting the additional risk investors take when lending to companies.Related: Bitwise doubles down on $200K Bitcoin price prediction amid trade tensionTrade war takes center stage, limiting investor interest in BTCInvestors remain concerned that even if the US Federal Reserve cuts interest rates, it may not be enough to restore confidence in the economy. This sentiment also explains why the US Consumer Price Index (CPI) for March—at 2.8%, its slowest annual increase in four years—failed to positively impact stock markets. "This is the last clean print we're going to see before we get those tariff-induced inflation increases,” Joe Brusuelas, RSM chief economist, told Yahoo Finance.Traders appear to be waiting for stabilization in the corporate bond market before regaining confidence in Bitcoin ETF inflows. As long as recession risks remain elevated, investors will likely favor safer assets such as government bonds and cash holdings. Breaking this correlation would require a shift in perception toward Bitcoin’s fixed monetary policy and censorship resistance. However, potential catalysts for such a change remain unclear and could take months or even years.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
As Bitcoin’s (BTC) appeal as a treasury asset grows, Casa co-founder and CSO Jameson Lopp assessed that concentrating the amount of BTC on a few custody service providers might pose a systemic risk. Lopp said: “The ‘Bitcoin Corporate Treasury’ narrative is a footgun if it’s not accompanied by the sovereignty via self custody narrative. Number […]
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Digital payments company Block Inc. has reached a $40 million settlement with New York regulators over alleged compliance misconducts tied to its Cash App platform, Bloomberg reported on April 10.Block was fined by the New York Department of Financial Services (NYDFS) following an investigation into Cash App’s Anti-Money Laundering (AML) and cryptocurrency compliance operations, Bloomberg said after reviewing the government agency’s consent order. NYDFS determined that Block allegedly violated consumer protection laws and didn’t conduct proper due diligence on its customers. The company was allegedly too slow in reporting suspicious transactions to regulators and failed to adequately screen so-called “high-risk” Bitcoin (BTC) transactions. Block confirmed that it had worked with NYDFS to “resolve the matter principally related to Cash App’s past compliance program.” However, it did not admit to any wrongdoing, according to Bloomberg. Block, which was founded by internet entrepreneur and Bitcoin advocate Jack Dorsey in 2009, had been negotiating a settlement with the NYDFS since last year, based on filings submitted with the US Securities and Exchange Commission (SEC).Excerpts of Block Inc.’s February Form 10K filing with the SEC. Source: SECThe NYDFS settlement isn’t the first monetary penalty Block has agreed to pay this year. As Cointelegraph reported, the company paid $80 million in fines to several state regulators over alleged violations tied to its AML program.Related: NYDFS chief’s advice for crypto firms: ‘Never surprise your regulator’Block remains in growth modeDespite getting caught in regulatory crosshairs, Block’s underlying business remained strong at the end of 2024. Companywide revenues increased by roughly 4.5% year-over-year to $6.03 billion as per-share earnings climbed 51% to $0.71. The other positive takeaway was that Block’s merchant gross payment volume, or the total amount of money processed through its systems, increased by 10% to $61.95 billion. Cash App continues to be a source of growth, with the unit recording $1.38 billion in gross profit in the fourth quarter. The mobile payment service had more than 57 million monthly transacting users in early 2024. Despite reporting strong growth, Block Inc.’s (XYZ) share price has fallen more than 37% this year as part of a marketwide sell-off. Source: Yahoo FinanceCash App users have been able to buy Bitcoin through the platform since at least 2018. In 2023, Cash App integrated crypto accounting software TaxBit, giving users an easier way to track and report their crypto-related taxes. Magazine: Bitcoin heading to $70K soon? Crypto baller funds SpaceX flight: Hodler’s Digest, March 30 – April 5
Users of the Atomic and Exodus wallets are being targeted by threat actors uploading malicious software packages to online coding repositories to steal crypto private keys in the latest cybersecurity threat identified by security professionals. According to cybersecurity researchers at ReversingLabs, the exploit works by hiding malicious code in seemingly legitimate npm software packages, which are pre-built bundles of code widely used by software developers.These malicious software packages target locally installed Atomic Wallet and Exodus Wallet files by installing a patch that overwrites the files to compromise the user interface and fool the unsuspecting victim into sending crypto to scam addresses.Software supply chain attacks are an emerging threat vector targeting crypto holders as the industry continues to play a cat-and-mouse game with hackers attempting to steal user funds using increasingly sophisticated methods to avoid detection.The malicious code contained in the pdf-to-office package. Source: ReversingLabsRelated: $2B lost to crypto hacks in Q1 2025, $1.63B from access control flawsHackers target crypto community in increasingly sophisticated attacksAccording to cybersecurity firm Hacken, crypto hacks and exploits cost the industry roughly $2 billion in losses during Q1 2025, most of which came from the $1.4 billion Bybit hack in February.The SafeWallet developer released a post-mortem update in March 2025 outlining a forensic analysis of the single biggest hack in crypto history.SafeWallet's analysis ultimately found that a Safe developer's computer was compromised by hackers who hijacked the developer's Amazon Web Services session tokens to access the firm's development environment and set up the Bybit attack.Jameson Lopp, a cypherpunk and chief security officer at Bitcoin (BTC) custody company Casa, recently sounded the alarm on BTC address poisoning attacks.A breakdown of the losses caused by crypto hacks and exploits in Q1 2025. Source: HackenAddress poisoning attacks target victims by generating destination addresses that match the first four and the last four characters of an address from the victim's transaction history.The threat actor then sends a transaction from the malicious address for a small amount, typically below one dollar, to the target so that the address will show up in a victim's transaction history.If the victim is not paying attention by carefully examining the entire address, they may mistakenly send funds to the malicious address, which closely resembles the destination.Cybersecurity firm Cyvers estimates that address poisoning attacks were responsible for $1.2 million in stolen funds in March 2025 alone.Magazine: $55M DeFi Saver phish, copy2pwn hijacks your clipboard: Crypto Sec
President Donald Trump signed a resolution to repeal a controversial crypto tax rule finalized toward the end of the Biden administration.
Amid ongoing volatility, LINK, the native token of Chainlink, is poised for a notable price decline in the coming days. Based on the current price action, a prominent crypto expert shared a post on X (formerly Twitter) today, April 10, 2025, suggesting that LINK could be heading toward the $7.50 level. #Chainlink $LINK appears to …
Bitcoin (BTC) fell more than 3% on April 10, slipping to a low of $78,416 as global markets unwound gains from soaring to an intraday high of $83,424 the previous day triggered by President Donald Trump’s announcement of a temporary tariff pause. The retreat reflects growing investor skepticism over the durability of the previous day’s […]
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