Payments giant PayPal said in a regulatory filing that its PayPal USD stablecoin is no longer in the SEC’s crosshairs. PayPal says the US Securities and Exchange Commission has abandoned its investigation into the payment giant’s US-dollar stablecoin. PayPal said in an April 29 regulatory filing that the SEC concluded its investigation into PayPal USD (PYUSD) and…
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Bloomberg ETF analyst Eric Balchunas says Ether needs “more than just a good week here and there.” Key takeaways Approving staking for spot Ether exchange-traded funds (ETFs) in the US may have a minimal impact on inflows unless Ether sees a sustained rally, says Eric Balchunas ETH dropped significantly in price after the launch of…
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TON ecosystem participant Broxus launches TON Factory, a high-throughput dev platform with a purported 35,000 transactions per second, aiming to scale DEXs, games and DApps. The Open Network (TON) ecosystem participant Broxus has unveiled TON Factory, a new platform designed to accelerate the development and scalability of high-throughput applications like decentralized exchanges (DEXs) and blockchain-based…
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Data suggests Bitcoin could hit new highs faster than most investors expect. Key takeaways: Heavy liquidations played a role in Bitcoin’s return to $95,000. Bitcoin’s weakening correlation with stocks highlights its growing independence as an asset. Bullish institutional investor positioning contrasts with retail traders’ caution, supporting a rally above $100,000. Bitcoin gained 11% between April 20…
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The DeFi Education Fund has petitioned White House crypto czar David Sacks to have prosecutors drop charges against Tornado Cash co-founder Roman Storm. The crypto lobby group, the DeFi Education Fund, has petitioned the Trump administration to end what it claimed was the “lawless prosecution” of open-source software developers, including Roman Storm, a creator of…
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The Ethereum app layer fee proposal is the latest in a slew of developer suggestions to overhaul the economics of the Ethereum network. Two Ethereum community members, Kevin Owocki and Devansh Mehta, proposed a dynamic fee structure for the Ethereum application layer to strike a balance between revenue generation for app builders and fairness in…
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Crypto market remains vulnerable to structural weaknesses, including the lack of weekend liquidity, despite a significant improvement in investor sentiment. Crypto investor sentiment has seen a significant recovery from global tariff concerns, but analysts warn that the market’s structural weaknesses may still result in downside momentum during periods of weekend illiquidity. Risk appetite appeared to…
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The US President plans to host a private dinner for the top 220 holders of his TRUMP memecoin. United States Senator Jon Ossoff expressed support for impeaching President Donald Trump during an April 25 town hall, citing the President’s plan to host a private dinner for top Official Trump memecoin holders. “I mean, I saw…
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SEC Commissioner Hester Peirce said that to engage in crypto activities, “SEC-registrants have had to hop from one poorly illuminated regulatory space to the next.” SEC Commissioner and head of the crypto task force, Hester Peirce, says US financial firms are navigating crypto in a way that’s similar to playing the children’s game “the floor…
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ETF analyst Eric Balchunas said he is “pretty sure this is how I voted,” amid the spot Bitcoin ETF posting a “massive” inflow day not seen since late January. BlackRock’s spot Bitcoin exchange-traded fund has been named the best new ETF product by etf.com, as it recorded its highest inflows since Jan. 21. On April…
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