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Crypto firms launch Wall Street-style funds: Finance Redefined
Cryptocurrency firms and centralized exchanges are launching more traditional investment offerings, bridging the divide between traditional financial and digital assets. With investors seeking more flexible product offerings under one platform, the “line is blurring” between traditional finance (TradFi) and the cryptocurrency space, as the two financial paradigms signal a “growing synergy,” according to Gracy Chen, CEO of Bitget, the world’s sixth-largest crypto exchange. In the wider crypto space, Securitize partnered with Mantle protocol to launch an institutional fund that will generate yield on a basket of diverse cryptocurrencies, similar to how traditional index funds track a mix of stocks. The developments come after crypto investor sentiment staged a significant recovery, moving from “fear” to “neutral” for the first time since January 2025. Fear & Greed Index chart. Source: CoinMarketCap Investor sentiment was bolstered after US President Donald Trump said that import tariffs on Chinese goods will “come down substantially,” adopting a softer tone in negotiations for the first time since the reciprocal tariff announcement. Crypto firms moving into Wall Street territory Cryptocurrency firms and exchanges are increasingly moving into Wall Street territory, launching more traditional investment offerings and showcasing the increasing connection between crypto and traditional finance (TradFi). “There’s a growing synergy between traditional financial investments and the emerging crypto space,” according to Gracy Chen, the CEO of Bitget, the world’s sixth-largest crypto exchange. “Crypto players are now checking out traditional finance as they see the opportunity to bridge it,” Chen told Cointelegraph. “The lines are blurring. Investors want flexibility, and products that can straddle both worlds are naturally attractive,” Chen said. “Some players see TradFi as a safety net; others, like Bitget, see it as a launchpad for broader adoption.” She added: “In a volatile market, integration is smarter than isolation.” Continue reading Securitize, Mantle launch institutional crypto fund Tokenization platform Securitize 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 Bitcoin ( BTC ), Ether ( ETH ), and Solana ( SOL ), as well as stablecoins tracking the US dollar, Securitize said in an April 24 announcement. The fund also integrates liquid staking tokens — including Mantle’s mETH, Bybit’s bbSOL, and Ethena’s USDe — in a bid to enhance returns with onchain yield, according to the announcement. The launch comes as retail and institutions alike increase exposure to cryptocurrencies, particularly Bitcoin, as a hedge amid escalating macroeconomic uncertainty . Continue reading Mantra says CEO has begun the process of burning his 150 million OM tokens Mantra founder and CEO John Patrick Mullin has started unstaking 150 million of his Mantra (OM) tokens in preparation for sending them to a burn address in an attempt to restore the token’s value by tightening supply. Mantra announced on April 21 that the unstaking process had begun, and would be completed by April 29, at which point Mullin's Mantra ( OM) tokens will be sent to the burn address and permanently removed from circulating supply. Source: John Patrick Mullin Mullin said it was a “first step in rebuilding trust with the community, but far from the last.” Mantra said it was also in talks with “key ecosystem partners” about burning a further 150 million OM to bring the total burn amount to 300 million. With 150 million fewer OM, Mantra’s total supply will decline to 1.67 billion, and its number of staked tokens will drop by over 26% to 421.8 million OM from 571.8 million OM. Continue reading Symbiotic raises $29 million for staking-based universal coordination layer Cryptocurrency staking protocol Symbiotic closed a $29 million Series A funding round led by Web3-focused investment firms, including Pantera Capital and Coinbase Ventures, to support the launch of a new economic coordination layer for blockchain security. The round included more than 100 angel investors, with participation by major industry players Aave, Polygon and StarkWare, the company said in an April 23 announcement shared with Cointelegraph. The closing of the funding round also marks the launch of Symbiotic’s Universal Staking Framework, which aims to be an economic coordination layer that bolsters blockchain security via staking. The new staking layer enables the use of any combination of cryptocurrencies to secure networks, including monolithic and modular layer-1 and layer-2 blockchains, the announcement said. “We’ve created a modular framework that lets protocols evolve security models over time while efficiently coordinating risk,” Misha Putiatin, co-founder of Symbiotic, told Cointelegraph. “This empowers protocols at every stage of their lifecycle to evolve their security models seamlessly without rebuilding infrastructure.” Continue reading SEC delays decision on Polkadot ETF The US Securities and Exchange Commission (SEC) delayed a decision on whether to approve a proposed exchange-traded fund (ETF) holding Polkadot’s native token, regulatory filings show. According to an April 24 filing, the regulator has extended its deadline for a final ruling until June 11, nearly four months after the Nasdaq sought permission to list Grayscale Polkadot Trust on Feb. 24. Grayscale’s ETF filing adds to a roster of about 70 proposed ETFs awaiting SEC approval, including funds holding altcoins, memecoins and crypto-related financial derivatives, according to Bloomberg Intelligence. Asset managers are pitching ETFs for “[e]verything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between,” Bloomberg analyst Eric Balchunas said in an April 21 post on the X platform. Asset manager 21Shares is also awaiting permission to list its own Polkadot ETF. Continue reading DeFi market overview According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green. The Official Trump (TRUMP) token rose over 73% as the week’s biggest gainer, after the president announced an exclusive in-person dinner for the top tokenholders. The Sui ( SUI ) token rose over 69% as the week’s second-best performing token. Total value locked in DeFi. Source: DefiLlama Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.

CoinTelegraph 2025-04-25 21:00
SEC Chairman Paul Atkins Emphasizes Regulatory Framework for Blockchain Technology and Digital Assets
In a pivotal statement from the latest cryptocurrency roundtable, new SEC Chairman Paul Atkins emphasized a commitment to resolving foundational challenges in the blockchain sector. “This is my fourth day

CoinOtag 2025-04-25 20:59
PENGU price spikes as Pudgy Penguins NFT sales jump
The Pudgy Penguins token has bounced back this week, soaring to its highest level since February as its NFT sales have jumped. Pudgy Penguins ( PENGU ) price soared to a high of $0.010, up over 167% from its lowest level this month. This rally occurred in a high-volume environment, with the 24-hour trading volume rising by 500% to $372 million. Its market cap has also climbed to $576 million. The rally came amid the ongoing surge among Solana meme coins . Most of these tokens have jumped, bringing their combined market cap to over $10 billion. Data shows that Pudgy Penguins’ NFT sales are also soaring. Sales rose by 400% in the past 24 hours to $436,000, making Pudgy Penguins the fourth most popular collection after DMarket, Panini America, and Guild of Guardians Heroes. The number of Pudgy Penguins transactions jumped by 380% to 24, while buyers increased by 400% to 15. You might also like: As Bitcoin and altcoin prices rise, should you sell in May and go away? However, the longer-term trajectory of these sales remains weak. Sales have dropped by 11% over the past 30 days to $6.76 million. At its peak, Pudgy Penguins used to record millions of dollars in daily sales, which explains why its cumulative sales have reached $620 million. PENGU price analysis Pudgy Penguins price chart | Source: crypto.news The four-hour chart shows that the PENGU price has been in a strong bullish trend this week, reaching a two-month high of $0.010. This level is also notable because it coincided with the 78.60% Fibonacci Retracement level. The token remains above the key resistance level at $0.0075, its highest level on March 20 and the 50% retracement point. It has remained above the 50-period moving average. However, the coin has become extremely overbought. The Relative Strength Index has jumped to over 80, while the Percentage Price Oscillator has surged. Therefore, the token is likely to experience a pullback and retest the support at $0.0075, after which it could resume its bullish trend. A move above the resistance point at $0.010 would signal further gains, potentially pushing the price toward the year-to-date high of $0.0115. You might also like: Here’s why Dogwifhat, Jupiter, Zerebro, Popcat coins are going up

crypto.news 2025-04-25 20:57
OpenSea Grabs 42% of NFT Market After 0.5% Fee Cut as Rivals Lag
A recent report revealed that OpenSea has maintained the top position in non-fungible token (NFT) marketplace trading volume over the past 30 days. Transaction volumes spiked as traders flocked to OpenSea’s revamped platform, drawn by lower fees and cross-chain support. Can Wallet Growth Reignite NFT Mania? According to data from NFT Scan, the total trading volume in the past 30 days reached $155.1 million. OpenSea’s dominance is clear when compared to its competitors in terms of market share. Blur, one of the biggest rivals, commands 23.16% of the market, while established names like CryptoPunks and Magic Eden hold 10.97% and 7.67%, respectively. OpenSea NFT Market holds 41.91% distribution of trading activity | Source: NFT Scan Other platforms, such as OKX NFTs, CoralCube, and smaller players, share 4.98%, 5.21%, and 6.10% of the market, respectively. OpenSea’s lead goes beyond trading volume. It also attracts the most users. Last month, 615,300 wallets traded NFTs, and 69.62% (428,363 wallets) used OpenSea. In contrast, rivals like Magic Eden and Blur drew only 7.24% and 5.14% of users. The gap widens over time. Across three months, OpenSea secured 66.12% of all wallet engagements (1.424 million out of 2.2 million). Magic Eden, the closest competitor, held just 8.77% (188,954 wallets). These figures reflect OpenSea’s ability to maintain a strong user base despite competition from other NFT platforms. OpenSea’s OS2 Upgrade and 0.5% Fees Leave Rivals Struggling The revamped OS2 platform, launched in February, slashed marketplace fees from 2.5% to 0.5%, eliminating swap fees. OS2 open beta is now live: • A fully reimagined product built entirely from the ground up, for collectors and pros • NFTs tokens, brought together in one place • Brand new, beautiful ways to explore — beyond just the floor • 14 chains (welcome @flow_blockchain , ApeChain… pic.twitter.com/fTJT5eKsm2 — OpenSea (@opensea) February 13, 2025 It also featured integrated support for Solana token trading , cross-chain purchasing, and real-time analytics, further differentiating the platform from competitors like Blur and Magic Eden, which haven’t matched these upgrades. Features like a homepage redesign and faster browsing also improve the user experience. Another important development is the introduction of the SEA token. The asset is designed to reward loyal users. $SEA is coming. Here are a few things to know: • Historical OpenSea usage, not just recent activity, will be an important ingredient • Claim process will be simple and accessible. US users welcome • We’re focused on long-term sustainability and supporting a healthy, enduring… pic.twitter.com/K8DsLZBROs — OpenSea Foundation (@openseafdn) February 13, 2025 Regulatory clarity has also played a major role. In early February, OpenSea founder Devin Finzer announced that the U.S. Securities and Exchange Commission (SEC) had closed its investigation into the platform without charges. Beyond doubt, the news reduces legal uncertainty and reinforces user trust. As the NFT ecosystem matures, OpenSea’s technical advancements and strategic pivots remain central to its sustained dominance. Why NFT Sales Still Lag Behind 2022 Highs Despite growing wallet activity, NFT sales languish 62% below 2022’s peak. While trader participation continues to increase, structural challenges constrain meaningful recovery. The NFT market experienced modest growth in 2024. CryptoSlam data tracker revealed annual sales of $8.88 billion, a 1.1% increase over 2023’s $8.7 billion. This pales against 2022’s $23.7 billion peak, representing a contraction of 62.8%. By comparison, the 2024 sales figure marks a major drop of 43.9% from 2021 and 62.8% from 2022. Despite some signs of a resurgence in the NFT space, the overall momentum slowed considerably as 2024 progressed. February 2025 saw a sharp decline in trading activity . The total NFT trading volume dropped to $498 million, a 50% decrease from January. In addition, total sales dipped by 16%. NFT market lost 50% trading volume in February | Source: Dappradar However, not all signs were negative. In February, the U.S.-based art collective Kanbas Collection made a major purchase, acquiring a 1-of-1 digital artwork for $3 million . This sale hinted that the NFT market might be maturing into a more sustainable model compared to the speculative frenzy of previous years. Even so, NFT trading activity continued to show signs of decline. CryptoSlam data reveals that in the first quarter (Q1) of 2025, NFT sales volume fell to $1.5 billion. This represents a 61% drop from the same period in 2024, which recorded $4.1 billion. Despite these setbacks, there are signs that interest in NFTs remains alive. Over the past week, the number of NFT buyers rose by 52%, with over 359,000 new buyers entering the market. While gradual progress continues, a return to 2022’s exuberant valuations appears unlikely in the current market cycle. Frequently Asked Questions (FAQs) Is OpenSea Moving Beyond Collectible NFTs? OpenSea actively embraces emerging trends by supporting NFTs tied to real-world assets such as LeBron RWA. The platform also lists AI-generated art and NFTs from blockchain-based games, including in-game items, virtual land, and collectibles. What Blockchains were included in OpenSea’s Latest Upgrade? OpenSea has recently integrated support for 14 blockchains, including new additions like Flow, ApeChain, and Soneum. The post OpenSea Grabs 42% of NFT Market After 0.5% Fee Cut as Rivals Lag appeared first on Cryptonews .

cryptonews 2025-04-25 20:57
Stablecoins Could Bring 'ChatGPT' Moment to Blockchain Adoption, Hit $3.7T by 2030: Citi
Global bank Citi has predicted 2025 could be a possible inflection point for blockchain adoption driven by stablecoins, akin to the breakout year artificial intelligence (AI) had with popular application ChatGPT. "2025 has the potential to be blockchain’s ‘ChatGPT’ moment," the bank's analysts said in a report published earlier this week. At the center of the Citi's projection are stablecoins, a class of cryptocurrencies pegged to traditional currencies like the U.S. dollar. These tokens, led by Tether's $145 billion USDT and Circle's $60 billion USDC, have seen tremendous growth recently and are increasingly being used for payments and remittances globally. Citi sees the asset class potentially growing to $1.6 trillion by 2030 in its base case from the current $230 billion, with the caveat that regulatory support and institutional integration take hold. In the bank's more optimistic scenario, the market could balloon to $3.7 trillion, though lingering structural challenges could keep the number closer to $500 billion in the bank's bear case. A major catalyst is the supportive regulatory stance in the U.S., with a recent presidential executive order directing the formation of a federal framework for digital assets, the report said. The clarity around stablecoin rules could allow these tokens to be more deeply embedded in the financial system, offering faster payments, improved transparency and more efficient asset settlement. "This could lead to greater adoption of blockchain-based money and spur other use cases, financial and beyond, in the U.S. private and public sector," the authors noted. Stablecoin issuers to become major U.S. Treasury holders Stablecoins are expected to remain heavily dollar-denominated in the future. The report anticipates that around 90% of stablecoins in circulation in 2030 will still be tied to the U.S. dollar, cementing its dominance. This has major implications for the global financial system. Dollar stablecoin issuers could become one of the largest buyers of U.S. Treasuries, assuming that regulations push toward backing tokens with low-risk, highly liquid traditional financial assets like government bonds. Citibank estimated issuers could hold $1.2 trillion in U.S. government debt by the end of the decade, potentially surpassing all major foreign sovereign holders. Meanwhile, the central banks of countries in Europe and Asia will likely promote their own digital currencies, or CBDCs, the report noted. The report pointed to several risks that could hamper the growth. Stablecoins de-pegged nearly 1,900 times in 2023 alone, including more than 600 instances involving major tokens, the report's authors wrote, citing Moody's data. In extreme cases, mass redemptions—like those following the collapse of Silicon Valley Bank (SVB) that consequently hit USDC—can disrupt crypto liquidity, force automated selloffs and ripple through financial markets, the authors added.

CoinDesk 2025-04-25 20:56
Trump coin faces resistance after climactic rally: is a full retrace on the horizon?
Trump Coin recently surged with an aggressive impulsive rally, but signs now point to a potential local top. Technical confluences suggest a bearish retest is underway with increased downside risk. Trump Coin ( TRUMP ) has experienced a powerful upward surge, but current technical conditions show early signs that the rally may have reached an exhaustion point. The recent retracement has aligned with several key resistance levels, including the value area low of the current range, the 0.618 Fibonacci retracement of the move, and the anchored VWAP from the $41 region, where heavy selling first began. Key technical points Bearish Retest of Value Area Low: Price is currently facing rejection at the value area low, a common resistance zone after strong rallies. Climactic Volume Node: A large spike in the volume profile near the recent highs signals a potential exhaustion of buying momentum. Confluence with 0.618 Fib & VWAP: The current rebound is testing major confluences at the 0.618 retracement, which often signals the final relief bounce before downside continuation. TrumpCoin USDT (6H) Chart Source: TradingView Following an aggressive impulse rally, Trump Coin printed what appears to be a climactic node on the volume profile. This type of volume signature typically indicates that a temporary top is in, especially when followed by a failed continuation higher. The initial sell-off was quickly met with a rebound that is now facing multiple layers of resistance, namely the 0.618 retracement level, the value area low of the previous range, and the anchored VWAP from the $41 breakdown. Price respecting this region almost exactly shows how technically sensitive this level is. You might also like: Tokenized real estate could reach $4 trillion by 2035: Deloitte If price fails to reclaim and close above this confluence zone, and the current local low is taken out, it would confirm a new lower low and establish a short-term bearish market structure. This would open the door for a move back toward the base of the previous impulse, which sits around the $9.30 region. From a trading perspective, long positions at this stage carry significant risk unless we see a decisive reclaim of the current resistance. With bearish momentum beginning to surface, caution is advised. Outlook for price action If the current rejection at the value area low and 0.618 Fibonacci holds, Trump Coin may be setting up for a full retrace of its recent rally. Traders should be on alert for a breakdown of the local low, which would shift momentum back in favor of bears and increase the probability of a move back toward the $9.30 region. Read more: Stripe is building stablecoin product powered by Bridge

crypto.news 2025-04-25 20:55
New SEC Chief Atkins Says Agency Doesn't Have to Wait to Impose Crypto Policy
Paul Atkins’ first public event as chairman of the U.S. Securities and Exchange Commission was a crypto roundtable on Friday, where the new agency chief devoted his inaugural speech to assuring the industry that he'll continue to remake securities policy to favor digital assets innovation. The agency and industry have been awaiting congressional action to establish crypto market-structure oversight that will likely set guardrails, and Atkins told an audience at the SEC's Washington headquarters that the regulator will work toward delivering "a rational, fit-for-purpose framework" for crypto. However, in answer to a question from CoinDesk after his speech, Atkins indicated that the agency may be able to act to some degree during this wait for new laws. "It's always good to have Congress' input, and if there's a statute to back up what we're doing, I think that's all the better," Atkins said. "But we have ample room to maneuver under existing rules and laws." Atkins further suggested that he thinks the concept of special-purpose crypto broker dealers, a little-used registration most prominently represented by Prometheum, has been very successful and may need to be reconsidered, and he said the agency will look at whether custody rules need to be changed to "accommodate crypto assets and blockchain technology." Atkins previously appeared at a swearing-in ceremony earlier this week in the White House, where Trump said "he's the perfect man to lead this agency" at a time when the digital assets sector needs regulatory clarity, and Atkins said a "top priority of my chairmanship will be to provide a firm regulatory foundation for digital assets." But Friday's event at the SEC's headquarters represented his first full-fledged engagement with the public. Read More: Crypto Ally Paul Atkins Sworn In to Replace Gary Gensler Atop U.S. SEC The crypto sector has high hopes for Atkins, though his stand-in for the past few months — Commissioner Mark Uyeda — already took a number of decisive actions to reverse the regulator's earlier crypto reluctance under former Chair Gary Gensler. As interim chairman, Uyeda reversed or sidelined a number of crypto policy efforts pursued under Gensler and has abandoned most of the regulator's prominent enforcement actions targeting the industry. Until now, industry expectations for Atkins' leadership were based on conjecture rooted in his experience advising and investing in digital assets firms, especially since his Senate confirmation hearing failed to explore his crypto views . Atkins had served as an adviser to crypto entities such as the Digital Chamber and as a board member of tokenization firm Securitize, and his ties to Off the Chain Capital had previously linked him to its investment stakes in big crypto companies like Digital Currency Group (DCG) and Kraken. Friday's roundtable was the third in a series the agency has held on crypto matters, this time focused on custody in the industry. Crypto custody has been a particularly dicey topic at the agency, which under Gensler's reign had sought to approve a policy demanding investment advisers put their clients' digital assets only with certain qualified custodians. Gensler had argued that the rule was meant to exclude most of the existing crypto platforms as suitable custodians, but the effort was put on ice. Read More: U.S. SEC's Acting Chair Walking Back Agency Proposal on Crypto Trading Platforms Atkins was asked by reporters on the event's sidelines about President Trump's own crypto interests and whether Trump's memecoin, $TRUMP, will rob credibility from the White House on industry policy. "I have no comment on any of that," Atkins said.

CoinDesk 2025-04-25 20:55
Solana Price Analysis: Key Insights and Updates
The post Solana Price Analysis: Key Insights and Updates appeared first on Coinpedia Fintech News Bullish momentum has been building up for Solana, amid a highly anticipated altseason before the end of 2025. The DeFi projects on Solana network have recorded significant growth in cash inflows, and on-chain activity. The wider altcoin market, led by Solana (SOL), gradually gained bullish momentum in the past two weeks, as Bitcoin (BTC) price invalidated bearish sentiment after rebounding above $95k. Analysis on various on-chain metrics shows the crypto FOMO has crept back in the past week, as the trade wars weakens amid ongoing diplomatic negotiations. The Bitcoin’s fear and greed index surged from 47 percent, representing neutral, to 63 percent, suggesting greed, in the past two days. Ethereum’s fear and greed index surged from 44 per to 61 percent in the past two days. The wider altcoin followed the top two digital assets in regards to the fear and greed index. Solana Price Update and Midterm Targets After gaining over 14 percent in the past week, SOL price is about to record its third consecutive bullish week. Consequently, the large-cap altcoin, with a fully diluted valuation of about $92 billion and a 24-hour average trading volume of about $5 billion, has approached a crucial resistance level around $159. In the daily timeframe, SOL price is well positioned to rally above $180, if Bitcoin price continues with bullish momentum towards $99.4k. However, if Bitcoin price gets to retest the support level above $91k, SOL price will likely drop to the support range between $125 and $135. From a technical analysis standpoint, SOL bulls have gained significant ground over the bears after the daily MACD line crossed above the zero line amid growing positive histogram bars. Additionally, the daily Relative Strength Index (RSI) has surged above 52 for the first time since the second inauguration of the U.S. President Donald Trump. SOL Ecosystem Growth The Solana ecosystem has grown significantly in the past year, bolstered by the validation from institutional investors and notable developments of its DeFi platforms. According to market data from Defillama, Solana network had a total value locked (TVL) of about $8 billion and a stablecoins market cap of around $12 billion, at the time of this writing. Some of the latest developments in the Solana ecosystem includes Nous Research’s $50 million raise in Series A led by Paradigm VC.

coinpedia 2025-04-25 20:55
Bitcoin Inches up to $95K, but Tariff Uncertainty Persists
The digital asset continued its upward trajectory on Friday, despite worries of how a drop in Chinese imports will impact the economy. Bitcoin Nears $95K Despite Trump Tariff Turbulence Some economists suggest President Donald Trump’s frequent last-minute trade policy reversals may have a more dire impact on the economy than his initial tariff announcements, leaving

Bitcoin.com 2025-04-25 20:46
Bitwise has officially registered a $NEAR ETF in Delaware
Asset manager Bitwise has registered a Near Protocol ETF in Delaware. This move shows that the company plans to apply for an NEAR ETF with the US Securities and Exchange Commission (SEC). This is usually the first step in filing to offer a spot ETF. Hence, the asset manager will likely send the S-1 and 19b-4 forms for this Near ETF to the government next. These papers will officially start the process for the SEC to either say no to the fund or say yes to it. JUST IN: 🇺🇸 Bitwise registers $NEAR ETF in Delaware. pic.twitter.com/xSsdvh7pmU — Mayank Dudeja (@imcryptofreak) April 25, 2025 According to information on Delaware’s official state website , the firm registered a new entity called Bitwise NEAR ETF on April 24. NEAR has a market value of about $3.17 billion right now. It is the 34th-biggest crypto by market value, and it calls itself “the blockchain for AI.” Also, this is the first time that any institution has tried to bring a NEAR-focused ETF to the US market. If successful, it could shift the needle in terms of broader institutional exposure to the protocol. Bitwise jumps to the frontline for approvals as Paul Atkins takes charge Bitwise has already applied to the commission for Solana, XRP, Dogecoin, and Aptos ETFs . It wants to offer more than just Bitcoin and Ethereum ETFs. The XRP and Solana ETFs are reportedly closest to SEC approval. These two altcoins are ahead of other altcoins because they both have trading markets. Both of them secured trading markets with the CME Group. CME has already launched Solana futures, and XRP is awaiting its launch on May 19. Bitwise appears to be getting ready to expand as the SEC looks more open to the crypto business now that Trump is in office and Paul Atkins, a pro-crypto chairman, was inaugurated. However, the SEC has shown that it is not in a hurry to approve any of these ETFs. It has given itself until the middle of October. Recently, the commission put off making a decision on Grayscale’s Polkadot ETF proposal. It’s still not clear when Bitwise will file for the Near Protocol ETF with the SEC, but it could be a good sign for NEAR price, which went up over 5% immediately after the Delaware registration was made public. It is on a 7-day gain trajectory of over 27%. A bullish week for crypto AI The crypto AI field is coming back to life. The total market value has grown by more than one-third in the last two weeks. On-chain data shows that the sector’s market value peaked at $70.42 billion in mid-January and then quickly fell back to earth, hitting a low point of $21.46 billion on April 9. It is now back up to $32 billion, with most of the growth happening in the last week. Top AI crypto tokens. Source: CoinMarketCap In a week, other than Near’s surge, Render is up 14%, the Artificial Superintelligence Alliance is up 40%, and Bittensor is up 42%. Also, ICP is up 12%, and Filecoin is up 16%. This week, the crypto sector as a whole has mostly enjoyed a bull rally led by the giant crypto, Bitcoin. Analysts presume that the rally was based on Paul Atkins, but the success of the AI crypto sector came right after a CoinGecko report on April 17. It found that five of the top 20 crypto narratives are about AI, which got 35.7% of global investor interest and more than the 27.1% share of six memecoin narratives. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

Cryptopolitan 2025-04-25 20:45
HOT MOMENTS: SEC’s Critical Cryptocurrency Meeting Begins, New SEC Chair Makes Important Statements
Newly appointed SEC Chairman Paul Atkins delivered a bold critique of his predecessor’s approach to digital assets, decrying years of regulatory uncertainty and promising to usher in a new era of clarity for the crypto industry in his opening remarks at the SEC’s crypto roundtable on commerce. “Innovation has unfortunately been stifled over the last several years due to market and regulatory uncertainty fostered by the SEC,” Atkins said. “Market participants interested in this technology deserve clear, regulatory rules of the road.” Atkins specifically stated his commitment to collaborating with both market participants and policymakers in the Trump administration. “I look forward to engaging with market participants and working with my colleagues in President Trump’s administration and in Congress to establish a rational and purposeful framework for crypto assets,” Atkins said in his first public appearance since taking over as chairman of the agency. Related News: This Altcoin Developer Wallet Woke Up After 3.5 Years: They Sold Big Time - They Would Have Made Another $398 Million If They Sold At The Peak Atkins also expressed optimism about the broader potential of digital assets, saying he expected “big benefits” including risk reduction and cost reduction. Commissioner Hester Peirce, a longtime advocate of crypto innovation, echoed Atkins’ sentiments during a hearing on the SEC’s newly formed Crypto Task Force. “Those who register with the SEC to engage in crypto-related activities have been forced to jump from one poorly lit regulatory landscape to another,” Peirce said. *This is not investment advice. Continue Reading: HOT MOMENTS: SEC’s Critical Cryptocurrency Meeting Begins, New SEC Chair Makes Important Statements

BitcoinSistemi 2025-04-25 20:43
New SEC Leadership Sparks Optimism in the Cryptocurrency Market
The new SEC chairman emphasizes cryptocurrency regulation as a priority. Positive trends in cryptocurrencies indicate potential growth ahead. Continue Reading: New SEC Leadership Sparks Optimism in the Cryptocurrency Market The post New SEC Leadership Sparks Optimism in the Cryptocurrency Market appeared first on COINTURK NEWS .

CoinTurk News 2025-04-25 20:41

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