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Sovereign wealth funds piling into BTC as retail exits — Coinbase exec

Sovereign wealth funds and other institutions were accumulating Bitcoin (BTC) during April 2025, while retail traders were exiting the markets via exchange-traded funds (ETFs) and spot markets, according to John D’Agostino, the head of strategy at Coinbase Institutional.During a recent appearance on CNBC, the Coinbase executive likened Bitcoin to gold and said that many institutional buyers bought BTC as a hedge...

Published on: April 23, 2025 | Source: Cointelegraph favicon Cointelegraph

Russia to launch national crypto exchange limited to high net-worth investors

Russia’s Finance Ministry and the central bank plan to launch a crypto exchange exclusively for highly qualified investors, local media reported on April 23, confirming rumors from earlier in the year. The exchange aims to regulate digital asset activity and facilitate its use in cross-border trade under a pilot legal framework. It will operate within […] The post Russia to launch national crypto exchange limited to...

Published on: April 23, 2025 | Source: CryptoSlate favicon CryptoSlate

Size Matters: Open Source Video Generators Can Now Make Full-Length Movies

New open-source AI models aren't just catching up to closed-source competitors in quality—they're pushing boundaries in video length.

Published on: April 23, 2025 | Source: Decrypt favicon Decrypt

Size Matters: Open Source Video Generators Can Now Make Full-Length Scenes

New open-source AI models aren't just catching up to closed-source competitors in quality—they're pushing boundaries in video length.

Published on: April 23, 2025 | Source: Decrypt favicon Decrypt

US President’s planned dinner for TRUMP memecoin holders triggers 52% price surge — Will it last?

Official Trump (TRUMP) jumped 52% on April 23 after the announcement of an exclusive in-person dinner for the top tokenholders with US President Donald Trump. For some crypto advocates, this marks the end of the bear market, especially as Bitcoin (BTC) bounced back above $93,000, but others raise suspicions on how sustainable the TRUMP memecoin rally really is.From a purely performance perspective, the Official Trump...

Published on: April 23, 2025 | Source: Cointelegraph favicon Cointelegraph

Traders pour into leveraged ETFs, gold in bid to weather volatility — Bloomberg

Traders are embracing diametrically opposed exchange-traded fund (ETF) strategies in a bid to navigate one of the most unpredictable financial markets in recent history, according to data from Bloomberg Intelligence.The year-to-date has seen record inflows to ETFs providing leveraged long exposure to volatile assets such as stocks and cryptocurrencies, as well as funds holding risk-off assets such as cash and gold, the...

Published on: April 23, 2025 | Source: Cointelegraph favicon Cointelegraph

Solana Buying for Balance Sheet Gains Momentum as DeFi Development Raises Holdings to $48M

The firm, formerly known as Janover, continued its buying spree for its long-term crypto holdings acquiring locked SOL tokens below spot prices

Published on: April 23, 2025 | Source: CoinDesk favicon CoinDesk

SBF on the Move Again: From 'Victimville' to Low-Security Prison

FTX co-founder and former CEO Sam Bankman-Fried has landed in a low-security prison after a brief spell at one nicknamed "Victimville."

Published on: April 23, 2025 | Source: Decrypt favicon Decrypt

TRON Network Surpasses $70 Billion in Circulating USDT

April 23, 2025 – Geneva, Switzerland – TRON DAO today announced that the total circulating supply of Tether (USDT) on the TRON blockchain has exceeded $70 billion. This achievement reflects growing user demand for cost-efficient, high-speed blockchain-based solutions, particularly in emerging markets and cross-border transactions. TRON has become a preferred settlement layer for stablecoins, driven […] The post TRON...

Published on: April 23, 2025 | Source: CryptoSlate favicon CryptoSlate

Bitcoin Critic Mark Carney's Chances of Winning Canadian Election Climb

Pierre Poilievre's chances of winning the Canadian election have dropped on prediction markets, while incumbent Mark Carney is gaining steam.

Published on: April 23, 2025 | Source: Decrypt favicon Decrypt

SOL Strategies raises $500M in convertible notes issuance to buy Solana tokens

SOL Strategies, a Canadian investment company, issued $500 million in convertible notes to buy and stake in Solana (SOL) tokens.The $500 million issuance was made to a singular investor, ATW Partners, a New York-based investment firm. The company provides growth equity and structured capital to companies across public and private markets, a spokesperson for SOL Strategies told Cointelegraph.A spokesperson for SOL...

Published on: April 23, 2025 | Source: Cointelegraph favicon Cointelegraph

ZKSync reclaims stolen $5 million tokens after hacker claims bounty offer

ZKSync confirmed that it had fully recovered approximately $5 million in ZK tokens stolen during a recent breach involving its airdrop distribution contracts after reaching an agreement with the exploiter. The announcement, made on social media on April 23, stated that the hacker returned the funds within a 72-hour “safe harbor” window offered by the […] The post ZKSync reclaims stolen $5 million tokens after hacker...

Published on: April 23, 2025 | Source: CryptoSlate favicon CryptoSlate

Sovereign wealth and insurance funds quietly accumulate Bitcoin in April – Coinbase exec

Large institutional investors, including sovereign wealth funds and major insurance pools, added Bitcoin (BTC) exposure throughout April as part of broader portfolio strategies tied to macroeconomic shifts, according to Coinbase institutional head of strategy John D’Agostino. During an interview on CNBC’s Squawk Box, D’Agostino highlighted how these traditionally conservative capital allocators are approaching Bitcoin...

Published on: April 23, 2025 | Source: CryptoSlate favicon CryptoSlate

This AI Model Can Scream Hysterically in Terror

Nari Labs claims big emotional intelligence from its tiny Dia-1.6B AI model, putting industry leaders on notice.

Published on: April 23, 2025 | Source: Decrypt favicon Decrypt

The Protocol: Will ETH Developers Swap Out the EVM for RISC-V?

Also: Matter Labs Sued; Scroll’s Euclid Upgrade; EigenLayer Adds ‘Slashing’ Feature

Published on: April 23, 2025 | Source: CoinDesk favicon CoinDesk

US exchanges bet big on crypto derivatives amid tariff turbulence

United States exchanges are betting big on cryptocurrency derivatives as market turbulence from US President Donald Trump’s looming trade war propels demand for the financial instruments.Since late 2024, exchanges including Coinbase, Robinhood, Kraken, and the Chicago Mercantile Exchange (CME) Group have been listing new types of crypto derivatives and mulling multibillion-dollar acquisitions as they vie for control of...

Published on: April 23, 2025 | Source: Cointelegraph favicon Cointelegraph

XRP futures open interest surges by 32% — Are traders bullish or bearish?

Key Takeaways:XRP has gained 25% since April 7, and its open interest has risen by 32%.Positive spot market activity contrasts with a neutral futures funding rate, highlighting a tug-of-war between traders.Analysts still have double-digit price targets for XRP.XRP's (XRP) price fell to a year-to-date low of $1.61 on April 7, but has gained 25% over the past two weeks as the broader crypto market recovered and XRP open...

Published on: April 23, 2025 | Source: Cointelegraph favicon Cointelegraph

Ubisoft, Immutable to revive Might & Magic as a mobile TCG

Ubisoft is breathing new life into its long-running fantasy franchise with the announcement of Might & Magic: Fates, a strategy card game developed in collaboration with Web3 gaming platform Immutable. The new title aims to modernize the Might & Magic universe for mobile audiences while integrating digital asset ownership through blockchain technology, according to an […] The post Ubisoft, Immutable to revive...

Published on: April 23, 2025 | Source: CryptoSlate favicon CryptoSlate

Previewing the Canadian Election's Crypto Angle

Canada's leading Prime Minister candidates aren't campaigning on crypto policies, but both have discussed the issue in the past.

Published on: April 23, 2025 | Source: CoinDesk favicon CoinDesk

With Gold Stalling, Is It Bitcoin’s Turn? Traders Eye $95K as Key Breakout Level

Wednesday's crypto rally stalled as Bessent reiterated the difficulties in making a deal with China.

Published on: April 23, 2025 | Source: CoinDesk favicon CoinDesk

Bitcoin Edges Higher as Treasury’s Bessent Tempers China Trade Expectations

Investors responded positively to the president saying that tariffs on China “will come down substantially.”

Published on: April 23, 2025 | Source: Decrypt favicon Decrypt

Arthur Hayes predicts Treasury buybacks will drive Bitcoin beyond $110k, potentially reaching $200k

Former BitMEX CEO Arthur Hayes believes Bitcoin (BTC) is poised to rapidly climb to new all-time highs, driven by a wave of liquidity from US Treasury buybacks. In an April 23 article, Hayes argued that recent market turmoil triggered by aggressive US trade policies has created conditions similar to those that preceded previous Bitcoin rallies, […] The post Arthur Hayes predicts Treasury buybacks will drive Bitcoin...

Published on: April 23, 2025 | Source: CryptoSlate favicon CryptoSlate

Bitcoin ETFs Bounce Back Big, Adding Nearly $1 Billion in a Single Day

American investors on Tuesday put nearly $1 billion into Bitcoin ETFs, the highest amount since January, while the price of the coin soared.

Published on: April 23, 2025 | Source: Decrypt favicon Decrypt

PGI Global Founder Hit With Fraud Charges in Alleged $200M Crypto Ponzi Scheme

According to the SEC, Ramil Palafox misappropriated more than $57 million in customer funds, using it to buy Lamborghinis and luxury products.

Published on: April 23, 2025 | Source: CoinDesk favicon CoinDesk

Bitcoin holders back in profit as new capital enters the market — Is $100K BTC price next?

Key Takeaways:Bitcoin short-term holders are back in profit, increasing chances for a rally to $100,000.Long-term holders added 363,000 BTC since February, with new buyers injecting capital in April.Bitcoin sell pressure risk exists at $97,000, where 392,000 BTC could be sold. Bitcoin’s (BTC) surge above $91,700 on April 22 pushed its value above the short-term realized price or cost basis. This implies that a majority...

Published on: April 23, 2025 | Source: Cointelegraph favicon Cointelegraph

Why America’s Biggest Crypto Company Is Trying to Stop a Pro-Crypto Bill From Passing

Coinbase is asking lawmakers to pause on passing a standalone stablecoin bill that could see a vote in weeks, causing tensions within the crypto industry, sources say.

Published on: April 23, 2025 | Source: Decrypt favicon Decrypt

Alabama drops case against Coinbase as crypto policy discussions evolve

The Alabama Securities Commission has officially withdrawn its legal action against Coinbase over the exchange’s staking program, reducing the number of active state-level lawsuits from 10 to five. According to the April 23 consent order signed by Commission Director Amanda L. Senn, the agency partially withdrew its enforcement effort to allow time for evolving policy […] The post Alabama drops case against Coinbase as...

Published on: April 23, 2025 | Source: CryptoSlate favicon CryptoSlate

SEC discusses deepening US-El Salvador ties amid deportation backlash

Officials with the US Securities and Exchange Commission’s (SEC) crypto task force met with the El Salvador National Commission on Digital Assets (CNAD) to discuss regulation and a proposed cross-border sandbox.In an April 22 memo, the SEC’s crypto task force reported meeting with officials from El Salvador, Perkin Law Firm, and former Goldman Sachs partner Heather Shemilt as part of the commission’s outreach to the...

Published on: April 23, 2025 | Source: Cointelegraph favicon Cointelegraph

Kuwait Government Issues Warning as 1,000 Sites Found Illegally Mining Cryptocurrency

Crypto mining has been illegal in Kuwait since July 2023. But the government has issued new warnings after finding 1,000 new sites.

Published on: April 23, 2025 | Source: Decrypt favicon Decrypt

Luxury app Dorsia taps MoonPay for crypto payments

Luxury hospitality platform Dorsia is rolling out crypto payments for clients in the United States, the United Kingdom, Europe, and six Arab nations.The payments feature is being enabled through a partnership with MoonPay, the companies told Cointelegraph. With the integration, users will be able to book luxury travel experiences and complete transactions directly in USDC (USDC) and Solana-based tokens through the...

Published on: April 23, 2025 | Source: Cointelegraph favicon Cointelegraph

Canada’s Blockchain Advantage: Small Enough to Move Fast, Big Enough to Matter

Whoever wins the election April 28, Canada has the talent, history, and agility to become the first G7 nation to fully embrace a blockchain-forward future.

Published on: April 23, 2025 | Source: CoinDesk favicon CoinDesk

Solana’s new policy champions community validators over internal reliance

The Solana Foundation has implemented a new policy that will scale back support for long-standing validators reliant on Foundation-delegated stake, while paving the way for new, community-backed operators. The updated guidelines state that for each new validator brought into the Foundation’s Delegation Program, three existing validators will be removed, provided they have received Foundation stake […] The post Solana’s...

Published on: April 23, 2025 | Source: CryptoSlate favicon CryptoSlate

Bretton Woods institutions must reorient, US Treasury secretary says

United States Treasury Secretary Scott Bessent recently called for “Bretton Woods institutions,” such as the International Monetary Fund (IMF), to reorient themselves, a signal that the global monetary order could be shifting.Speaking at the Institute of International Finance (IIF) on April 23, Bessent called on the IMF and the World Bank to correct trade imbalances and protect the value of fiat currencies against...

Published on: April 23, 2025 | Source: Cointelegraph favicon Cointelegraph

Coinbase Will Benefit From Stablecoin Boom, Stock Is a 'Buy': Benchmark

The exchange disclosed $910 million in full-year stablecoin revenue for 2024, up 31% from a year prior.

Published on: April 23, 2025 | Source: Decrypt favicon Decrypt

TRUMP Coin Jumps 70% on President's Dinner Event for Top Token Holders

The event comes after $300 million worth of TRUMP were unlocked last week, increasing the token's supply.

Published on: April 23, 2025 | Source: CoinDesk favicon CoinDesk