Bookmarking Crypto Insights
The US Federal Reserve has announced it would withdraw guidance for banks engaging in crypto asset and stablecoin-related activities. ”The Board is rescinding its 2022 supervisory letter establishing an expectation that state member banks provide advance notification of planned or current crypto-asset activities,” the Board of Governors of the Federal Reserve explained in an April … Read more
Trump Administration’s Treasury Secretary Scott Bessent lashed out at the Bretton Woods institutions, stating that the IMF and the World Bank had lost their way. However, Bessent noted that the U.S. would not abandon these institutions, opting to pursue relevant reforms from within instead. Bretton Woods Institutions ‘Knocked off Course:’ Trump Administration Seeks Change The … Read more
The White House said on April 24 that it received more than 10,000 public comments on its planned artificial intelligence action plan, indicating widespread interest in the technology as the global race for AI leadership accelerates. Among the stakeholders providing inputs were AI giants such as OpenAI, Meta, Amazon, Google, and Microsoft. In addition, organizations … Read more
Global cross-border payment platform Axiym is targeting the rising demand from money services businesses (MSBs) for blockchain-based infrastructure and stablecoin solutions for international transactions, the company told Cointelegraph. Headquartered in Dubai, United Arab Emirates, Axiym disclosed on April 24 that it has processed more than $132 million in cumulative volume on the Avalanche blockchain. The … Read more
Ether (ETH) price has climbed above $1,700 after 16 days of selling pressure caused by macroeconomic uncertainty and a sharp decline in onchain activity. Despite the rebound, Ether has underperformed the broader altcoin market by 23% year-to-date. Some traders claim that ETH is set for a “generational” bull run by offering a “truly” decentralized and … Read more
Ethereum’s focus on scaling through many layer-2 networks, each with its own transaction processing speed and parameters, potentially gives the network an unlimited number of unique high-throughput chains, according to Anurag Arjun, co-founder of Avail, a unified chain abstraction solution. In an interview with Cointelegraph, Arjun acknowledged that Ethereum and high-throughput competitors with monolithic architecture … Read more
Bitcoin is rapidly disappearing from cryptocurrency exchanges as both corporate treasuries and sovereign wealth funds accumulate the asset, creating a supply squeeze that could reshape market dynamics. Fidelity Data Shows Bitcoin Moving to Long-Term Holders at Record Pace Bitcoin reserves on cryptocurrency exchanges have plummeted to 2.6 million BTC, the lowest level since November 2018, … Read more
Tokenization platform Securitize has partnered with decentralized finance (DeFi) protocol Mantle to launch an institutional fund designed to earn yield on a diverse basket of cryptocurrencies, the companies said. Similar to how a traditional index fund tracks a mix of stocks, the Mantle Index Four (MI4) Fund aims to offer investors exposure to cryptocurrencies, including … Read more
Key Takeaways: The Bitcoin long-term holder cohort saw a $26 billion value increase as BTC price surged to $94,900. Short-term holders sold at a loss in early April. Bitcoin’s 30% correction lines up with historical cycles, and BTC could find support in the $88,750 and $91,000 zone. Bitcoin (BTC) long-term holders (LTHs) significantly increased their … Read more
Jay Clayton, recently appointed interim US Attorney for the Southern District of New York (SDNY) and former chair of the Securities and Exchange Commission, has begun offering statements in criminal cases involving crypto fraud. In an April 23 notice, the US Attorney’s Office said Eugene William Austin, also known as Hugh Austin, had been sentenced … Read more
