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Bitcoin drops under $93K after US GDP data shows shrinking economy, raising recession alarms

Key points:US GDP shrank in Q1, raising recession alarms while also prompting calls for Fed rate cuts.Bitcoin dropped to $92,910 as GDP figures were released, but sustained buy-side demand could provide support.Todayโ€™s crypto derisking is likely transitory; market fundamentals remain strong.Bitcoin (BTC) price took an abrupt tumble as data showed the US gross domestic product (GDP) retracting by 0.3% in Q1, raising...

Published on: April 30, 2025 | Source: Cointelegraph favicon Cointelegraph

BTC stable, BlackRock to Tokenise huge Fund, HOUSE hits $100M

BTC stable, BlackRock to Tokenise huge Fund, HOUSE hits $100M FOMO HOUR EP347 BTC stable, dominance rises towards 65%. Blackrock may tokenise $150bn money market fund. Senate could vote on Stablecoin legislation soon. BTC to hit $1m by 2028: Hayes. CBOE launches BTC index futures. BTC data storage debate grows. BTC whale loses $330m in hack. OFAC sanctions on Tornado cash ruled illegal. SEC extends rule review for DOGE...

Published on: April 30, 2025 | Source: Decrypt favicon Decrypt

Changpeng โ€˜CZโ€™ Zhao Is Advising Countries on How to Start Crypto Strategic Reserves

โ€œWith one of the worldโ€™s largest economies holding Bitcoin, or making a crypto reserve, other countries are forced to do it,โ€ Zhao said.

Published on: April 30, 2025 | Source: Decrypt favicon Decrypt

Crypto prediction markets reflect rising recession odds amid US economic contraction

Crypto prediction markets are signaling growing expectations of a U.S. recession this year after fresh economic data showed the economy contracted in the first quarter of 2025. According to the latest figures released by the US Commerce Department, gross domestic product declined by 0.3% between January and March. This drop comes after a 2.4% expansion [โ€ฆ] The post Crypto prediction markets reflect rising recession...

Published on: April 30, 2025 | Source: CryptoSlate favicon CryptoSlate

AI-Powered Court System Is Coming to Crypto With GenLayer

YeagerAI is building a protocol that uses AI models as judges, with the goal of providing reliable, neutral, third-party arbitration in record time.

Published on: April 30, 2025 | Source: CoinDesk favicon CoinDesk

How Alpha-Generating Digital Asset Strategies Will Reshape Alternative Investing

Now that returns that simply mirror the broader crypto market are easily attainable, investors are looking for more ways to potentially exceed the market, says Lionsoul Globalโ€™s Gregory Mall.

Published on: April 30, 2025 | Source: CoinDesk favicon CoinDesk

AI Crypto Agents Are Ushering in a New Era of โ€˜DeFAIโ€™

The use of autonomous agents to analyze market trends, balance portfolios and even manage liquidity across decentralized exchanges is a revolution you canโ€™t afford to ignore, says the HBAR Foundationโ€™s Gregg Bell.

Published on: April 30, 2025 | Source: CoinDesk favicon CoinDesk

Cryptography Pioneer Adi Shamir: World 'Would Be Better' Without Cryptocurrencies

He may have co-invented the RSA cryptographic standard, but Adi Shamir isn't impressed with how cryptocurrencies have evolved so far.

Published on: April 30, 2025 | Source: Decrypt favicon Decrypt

Coinbase Urges Supreme Court to End IRS Surveillance of Crypto Users on Exchanges

America's top crypto company wants the Supreme Court to hear a case that could limit the IRS's ability to monitor crypto transactions on exchanges and other platforms.

Published on: April 30, 2025 | Source: Decrypt favicon Decrypt

EU digital product passports wonโ€™t solve food fraud, but blockchain can

Opinion by: Fraser Edwards, co-founder and CEO, CheqdBrutal honesty has its place, especially when confronting discomfort, so hereโ€™s one that canโ€™t be sweetened with honey: 96% of imported honey in the UK is fake! Tests found that 24 of 25 jars were suspicious or didnโ€™t meet regulatory standards.Self-sovereign identity (SSI) can fix this.The UK Food Standards Agency and the European Commission both urge reform to...

Published on: April 30, 2025 | Source: Cointelegraph favicon Cointelegraph

Coinbase Leaps Into Supreme Court Case in Defense of User Data Going to IRS

The U.S. crypto exchange filed a brief in a longstanding privacy battle over records the tax agency sought on customers' crypto transactions.

Published on: April 30, 2025 | Source: CoinDesk favicon CoinDesk

Bitcoin price recovers, Ethereum RWA value up 20%: April in charts

April 2025 witnessed crypto markets rocked by more tariffs at the direction of US President Donald Trump โ€” controversial policies that could have influenced the outcome of Canadaโ€™s elections on April 28. On April 2, Trump levied โ€œdiscounted reciprocal tariffsโ€ on 185 countries and territories. The Dow Jones Industrial Average dropped 2,200 points on April 4, while the S&P 500 dropped nearly 6%, its largest decline...

Published on: April 30, 2025 | Source: Cointelegraph favicon Cointelegraph

Banks Must Adopt Crypto or 'Be Extinct in 10 Years,' Eric Trump Says

The son of U.S. President Donald Trump said the current financial system is broken and blockchain technology is the fix.

Published on: April 30, 2025 | Source: CoinDesk favicon CoinDesk

FIFA moves towards its own blockchain, leaving Algorand behind

FIFA, the international football governing body, is taking a significant step in its Web3 journey by announcing a new blockchain network compatible with the Ethereum Virtual Machine (EVM). The update, published on April 30 via the FIFA Collect FAQ, outlines plans to migrate the football bodyโ€™s NFT collection platform, FIFA Collect, from the Algorand network [โ€ฆ] The post FIFA moves towards its own blockchain, leaving...

Published on: April 30, 2025 | Source: CryptoSlate favicon CryptoSlate

Crypto Coalition Tells SEC Staking Is 'Essential Good,' Not a Security

Industry entities led by the Crypto Council for Innovation argued in a letter to the U.S. Securities and Exchange Commission that it shouldn't regulate staking.

Published on: April 30, 2025 | Source: CoinDesk favicon CoinDesk

Crypto token failures skyrocket to nearly 2 million in Q1 2025

The crypto market experienced a dramatic surge in failed tokens during the first quarter of 2025, with nearly 2 million digital assets collapsing. According to a CoinGecko report, over 1.8 million crypto tokens were abandoned or failed in this yearโ€™s first three months. This number represents nearly half (49.7%) of all token failures recorded since [โ€ฆ] The post Crypto token failures skyrocket to nearly 2 million in Q1...

Published on: April 30, 2025 | Source: CryptoSlate favicon CryptoSlate

Chinaโ€™s DeepSeek launches new open-source AI after R1 took on OpenAI

Chinese artificial intelligence development company DeepSeek has released a new open-weight large language model (LLM).DeepSeek uploaded its newest model, Prover V2, to the hosting service Hugging Face on April 30. The latest model, released under the permissive open-source MIT license, aims to tackle math proof verification. DeepSeek-Prover-V2 HuggingFace repository. Source: HuggingFaceProver V2 has 671 billion...

Published on: April 30, 2025 | Source: Cointelegraph favicon Cointelegraph

Vitalik Buterin outlines vision as Ethereum ecosystem addresses hit new high

Ethereum co-founder Vitalik Buterin released another update on what he believes the future of the network should entail.In an April 30 post on blockchain-based social media platform Farcaster, Buterin outlined his personal areas of focus for Ethereum development this year. These include investigating changes to the network infrastructure to achieve single-slot finality, updates to smart contract execution and...

Published on: April 30, 2025 | Source: Cointelegraph favicon Cointelegraph

Stagflationary Data Puts Pressure on Bitcoin, Stocks

U.S. GDP turned negative in the first quarter, while prices rose more than forecast; ADP jobs data was the weakest in nearly one year.

Published on: April 30, 2025 | Source: CoinDesk favicon CoinDesk

Bitcoin Falls as US Economy Contracts for First Time in 3 Three Years

Economists fear Trump's tariffs will weigh on economic growth while adding to inflation.

Published on: April 30, 2025 | Source: Decrypt favicon Decrypt

Trump's Crypto Sherpa Bo Hines Says Crypto Legislation on Target for Quick Completion

The head of the Presidential Council of Advisers for Digital Assets says new laws could be set by August, and Trump's own crypto interests aren't a factor.

Published on: April 30, 2025 | Source: CoinDesk favicon CoinDesk

$330M Bitcoin social engineering theft victim is elderly US citizen

An elderly US individual is reportedly the victim of a devastating $330 million Bitcoin heist, now ranked as the fifth-largest crypto hack in history.The attacker used advanced social engineering tactics to gain access to the victimโ€™s wallet, onchain investigator ZachXBT said in an April 30 update on X.The hack took place on April 28, 2025, when ZachXBT flagged a suspicious transfer involving 3,520 Bitcoin (BTC),...

Published on: April 30, 2025 | Source: Cointelegraph favicon Cointelegraph

CoinDesk 20 Performance Update: Index Declines 2% as Nearly All Assets Trade Lower

Aave (AAVE) fell 4.7% and Ripple (XRP) dropped 4%, leading the index lower from Tuesday.

Published on: April 30, 2025 | Source: CoinDesk favicon CoinDesk

The open source debate: Is crypto losing its soul?

Crypto was born from an open-source ethos, where code was shared publicly, accessible for review and shaped by community contributions. Transparency and verifiability are foundational principles that enable trust in Bitcoin.But as the space matured, some disadvantages of open source surfaced. Innovative smart contract platforms and decentralized finance (DeFi) applications were forked to create direct competitors โ€”...

Published on: April 30, 2025 | Source: Cointelegraph favicon Cointelegraph

Over 60% of Crypto Users Manage Two or More Wallets: Reown

The 2025 State of Onchain UX report points to fragmentation in the crypto ecosystem, the UX platform said.

Published on: April 30, 2025 | Source: Decrypt favicon Decrypt

Crypto hackers hit DeFi for $92M in April as attacks double from March

Cryptocurrency hackers stole more than $90 million in April, dealing another blow to the industryโ€™s mainstream reputation despite ongoing efforts to improve cybersecurity.Hackers made off with $92 million of digital assets across 15 incidents in April, according to an April 30 research report by blockchain cybersecurity firm Immunefi.The total marks a 124% month-over-month increase from March, when hackers stole $41...

Published on: April 30, 2025 | Source: Cointelegraph favicon Cointelegraph

Crypto Policy Forum Medici Hires Former Messari Exec as President

The exclusive, invite-only forum aims to scale its influence among the crypto and traditional finance elite.

Published on: April 30, 2025 | Source: Decrypt favicon Decrypt

Mantra links OM token crash to risky crypto exchange policies

Update (April 30, 4:10 pm UTC): This article has been updated to add a comment from Mantra CEO John Mullin.Decentralized finance (DeFi) platform Mantra has called for industry-wide cooperation to reduce investor risks in the aftermath of its OM token crash.On April 30, Mantrapublishedits latest update since the suddencollapse of its OM token, claiming that the incident was โ€œbigger than Mantra.โ€โ€œLiquidation cascades...

Published on: April 30, 2025 | Source: Cointelegraph favicon Cointelegraph

Bitcoin macro indicator that predicted 2022 bottom flashes 'buy signal'

Key takeaways:Macro Chain Index issues first buy signal since 2022, hinting at a new Bitcoin bull run.RSI crossover on the MCI aligns with past cycle bottoms that preceded 500%+ BTC rallies.Bitcoin price recovers from $74K to $95K amid rising open interest and positive funding rates.A key Bitcoin (BTC) indicator that accurately signaled the 2022 market bottom has just flashed another buy signal, suggesting the...

Published on: April 30, 2025 | Source: Cointelegraph favicon Cointelegraph

Crypto Daybook Americas: Robinhood Earnings to Preview Trump's 'Damage'

Your day-ahead look for April 30, 2025

Published on: April 30, 2025 | Source: CoinDesk favicon CoinDesk

Nasdaq Seeks SEC Approval to List 21Shares Dogecoin ETF

Coinbase Custody Trust will hold the fundโ€™s tokens and serve as the official custodian for the ETF.

Published on: April 30, 2025 | Source: CoinDesk favicon CoinDesk

SEC Drops Probe Into PayPal's PYUSD Stablecoin

The U.S. regulator has ended its investigation into PayPalโ€™s stablecoin, as Congress advances efforts to regulate the sector.

Published on: April 30, 2025 | Source: Decrypt favicon Decrypt

Inside Movementโ€™s Token-Dump Scandal: Secret Contracts, Shadow Advisers and Hidden Middlemen

Movement, backed by Trump's World Liberty Financial, says it was duped into an agreement that experts say incentivized price manipulation.

Published on: April 30, 2025 | Source: CoinDesk favicon CoinDesk

Donald Trump Advisor Bo Hines: There Is a โ€˜Space Raceโ€™ to Build Bitcoin Reserves

The White House adviser said the administration aims to acquire as much Bitcoin as possible, emphasizing its "intrinsic value."

Published on: April 30, 2025 | Source: Decrypt favicon Decrypt

Bitcoin Community Split Over Key Proposal To Add Data

A proposal to ditch data storage limits sparked heated debate among Bitcoin devs, with some arguing it could alter Bitcoin's core purpose.

Published on: April 30, 2025 | Source: Decrypt favicon Decrypt