In a recent address, US President Trump highlighted the positive momentum in trade agreement negotiations, signaling potential enhancements in economic policies that could benefit the cryptocurrency sector. He articulated that
CoinOtag 2025-04-25 16:20
BYD reported 9.15 billion yuan in net income for the first quarter of 2025, beating out Tesla for the second time in less than a year. The number came in higher than analysts’ 8.1 billion yuan forecast. Tesla’s Q1 figure? A weak $409 million, posted earlier this week. BYD’s performance gave China’s best-selling car brand a lead not just in units, but profit too. BYD brought in 170.36 billion yuan in revenue from January through March. That’s 36% higher than the same quarter in 2024. But even with that growth, the company missed analyst expectations on sales. What didn’t miss, though, was its profit. This period—usually a slowdown for Chinese automakers because of the Lunar New Year holiday—didn’t hit BYD like it used to. BYD avoids U.S. tariff risk and targets new markets Car sales for the quarter almost hit 1 million units, setting up BYD for its full-year goal of 5.5 million, including 800,000 exports. The company’s not even worried about Donald Trump’s auto tariffs. Trump, now back in the White House, slapped tariffs on foreign carmakers again. But BYD doesn’t sell passenger cars in the U.S. It’s looking elsewhere. South America and parts of Southeast Asia are high-growth targets for BYD, where demand for EVs is climbing. The company is also building a factory in Hungary, expected to start production late 2025. With Europe still buying, and America blocked, BYD is shifting focus without losing money. At this week’s Shanghai auto show, BYD held its ground against European rivals like BMW and Volkswagen. They rolled out the luxury Yangwang U8L SUV, showed off the concept-level Denza Z sports car, and the Dynasty-D series. These aren’t cheap rides. The push into higher-priced models signals a plan to grow profit margins, not just car sales. New stock split and fast-charging battery draw attention This week, BYD also split its stock. For every 10 shares, investors are getting 8 bonus shares. In addition, they’ll issue 12 capitalization shares from reserves for every 10 issued shares. That move mimics what Nvidia and Tesla have done in recent years. Tim Hsiao, an analyst at Morgan Stanley, wrote that the strategy could help BYD “cater to a broader group of investors.” Just before publishing its Q1 earnings, BYD announced a new battery system. It can charge 400 kilometers in five minutes. That system is going into the Han L and Tang L SUVs. The Han L starts at 270,000 yuan. The Tang L begins at 280,000 yuan. Both models hit the market this month. The Tang L was also on display at the Shanghai show. It’s a seven-seater, all-wheel drive, and has three different versions. The top model goes from 0 to 100 km/h in 3.9 seconds—matching the Porsche 911. BYD’s Hong Kong-listed shares closed 1.7% higher on Friday. That pushed year-to-date gains near 50%. The company already posted a 24% jump in 2024, and 11% growth in 2023. The numbers speak for themselves. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Cryptopolitan 2025-04-25 16:16
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index . The CoinDesk 20 is currently trading at 2774.43, up 1.5% (+40.48) since 4 p.m. ET on Thursday. Eighteen of 20 assets are trading higher. Leaders: SUI (+13.7%) and BCH (+7.1%). Laggards: POL (-1.9%) and ADA (-0.5%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
CoinDesk 2025-04-25 16:11
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded net inflows of $442 million on Thursday, marking the fifth consecutive day of investor confidence flowing into crypto investment vehicles despite global market turmoil. US Spot Bitcoin ETFs See $442 Million Inflows BlackRock’s iShares Bitcoin Trust (IBIT) led the way with $327.3 million in inflows, according to data from SoSoValue. ARK 21Shares Bitcoin ETF (ARKB) followed with $97 million in net inflows, while Bitwise’s BITB and Invesco’s BTCO attracted $10.2 million and $7.5 million, respectively. The new admissions follow Tuesday’s $936.4 million and Wednesday’s $916.9 million, bringing the total three-day gross to nearly $2.3 billion. Despite Thursday’s slightly lower inflows, the ongoing positive trend underscores investors’ confidence in Bitcoin’s role as a store of value amid geopolitical and macroeconomic uncertainty. While inflows remain strong, total trading volume across 12 U.S.-listed spot Bitcoin ETFs fell to $2 billion on Thursday, compared with $4 billion a day earlier. Bitcoin has shown remarkable resilience during this period, with prices remaining strong even as broader financial markets navigate US-China trade tensions. On Thursday, the Nasdaq Composite rose 2.7%, the S&P 500 rose 2% and the Dow Jones Industrial Average rose 1.2%, signaling cautious optimism among stock investors. Meanwhile, spot Ethereum ETFs have also seen renewed interest, recording net inflows of $63.5 million on Thursday. This followed net outflows of $23.9 million the day before, pointing to changing sentiment in the Ethereum market. With Bitcoin trading around $93,000, analysts are watching to see if this sustained ETF interest will fuel another leg upward in BTC’s price trajectory. *This is not investment advice. Continue Reading: US Spot Bitcoin Exchange Traded Funds (ETFs) Record Positive Inflows for 5th Day in a Row! Here's All the Data
BitcoinSistemi 2025-04-25 16:11
As the Russian government is considering a ban on cash-to-cryptocurrency transactions, some major local crypto exchange platforms have encountered police raids. Mosca, a crypto-to-cash exchange located in the Moscow International Business Center, was raided on April 23 in connection with fraud by one of its customers, Dmitry Titarenko, Mosca’s development head, confirmed to Cointelegraph. “Law enforcement agencies have carried out a standard procedure of checking our customer data,” Titarenko told Cointelegraph at the local crypto event Blockchain Forum 2025. Mosca’s office raid followed online reports linking several arrests of some Mosca customers with an alleged crypto robbery involving a victim reportedly giving fraudsters a massive cash deposit worth millions of dollars. Cash-to-crypto ban to protect investors? Mosca’s confirmed police raid came the next day after Evgeny Masharov, a member of the Russian Civic Chamber, proposed banning crypto exchangers from accepting cash from their customers to buy cryptocurrencies like Tether USDt ( USDT ). A potential ban on cash-to-crypto transactions would be a “massive blow to fraudsters,” Masharov urged, adding that phone scammers are “often using crypto exchangers for withdrawing cash funds.” Olga Serova, a former adviser to the head of the government of Samara region, claims to have lost up to $5 million to crypto fraudsters. Source: Baza Subsequently, local news channel Baza reported on the Mosca’s raid, linking the event with a “record-breaking fraud” against Olga Serova, a former government adviser in Russia’s Samara region. Serova, 71, reportedly fell victim to scammers in late 2024, cashing out her bank accounts to pass the fraudsters an estimated total of 421 million Russian rubles ($5.1 million). According to Baza, at least seven people were arrested, allegedly in connection with the case. Mosca clients can buy up to 100,000 USDT with cash daily Mosca, which allows investors to deposit up to 100,000 USDT ($100,000) daily, is not aware whether Serova’s incident was connected to its office raid on Wednesday, Titarenko said. “Maybe it was another client,” he noted, adding that the raid was the first criminal case-related office raid at Mosca in the past three months. Titarenko also mentioned that Mosca has been actively beefing up its Anti-Money Laundering and Know Your Customer checks, including maintaining a blacklist of suspicious users. Related: Russia’s central bank, finance ministry to launch crypto exchange The raid caught Mosca during a major local event, Blockchain Life, returning to Moscow for the first time since October 2021. The company was one of the main guests at the conference, taking two center stands and winning a title of the “best crypto exchange service.” One of Mosca’s stands at the Blockchain Forum 2025. Source: Cointelegraph According to Sergey Mendeleev, a prominent figure in the Russian crypto community, the proposal to ban cash-to-crypto transactions is an alarming development for the community. Speaking at the event, Mendeleev suggested that the Russian government might be turning away from crypto adoption if it opts to approve such a ban. He also mentioned that raids are a common situation for crypto exchange services located at the Moscow International Business Center, also known as Moscow City. Garantex, a crypto exchange that halted trading after Tether froze $27 million in USDT due to sanctions, was also among the exchangers located in Moscow City. Magazine: Pokémon on Sui rumors, Polymarket bets on Filipino Pope: Asia Express
CoinTelegraph 2025-04-25 16:10
The recent withdrawal of the Federal Reserve’s guidance on banks and cryptocurrency signifies a pivotal moment for Bitcoin’s institutional adoption. With this update, financial institutions may now actively participate in
CoinOtag 2025-04-25 16:09
NEW YORK, U.S./NY, April 25th, 2025, Chainwire Landmark Ruling Marks Major Win for Cryptocurrency, Open-Source Innovation, and Free Speech In a sweeping legal victory, serial entrepreneur, author, and philanthropist Richard Heart has won the complete dismissal of all claims brought against him by the U.S. Securities and Exchange Commission (SEC). U.S. District Judge Carol Bagley Amon granted Richard Heart’s motion to dismiss on February 28, 2025. The SEC had until last Monday, April 21, to amend its complaint and ultimately announced “it does not intend to file an amended complaint in this matter.” These events fully clear Heart and his blockchain products — HEX, PulseChain, and PulseX — of allegations that they constituted unregistered securities and also dismisses claims that Heart misused investor funds. “Richard Heart, PulseChain, PulseX, and HEX have defeated the SEC completely and have achieved regulatory clarity that nearly no other coins have. They're now safer to work with in ways that almost no other coins are. …this is the only case where the SEC lost and crypto won across the board, with a dismissal in court of every single claim the SEC brought.” —Comments from Richard Heart’s Twitter/X on Monday’s news. Legal analysts view the ruling as a decisive blow to the SEC’s expansive crypto enforcement strategy — one increasingly criticized for regulatory overreach and repeatedly rebuked by courts as arbitrary and capricious. The SEC filed suit in July 2023, accusing Heart of raising more than $1 billion through unregistered offerings and spending millions on personal luxuries. In an unusual legal approach, the SEC also named his open-source crypto products — HEX, PulseChain, and PulseX — as codefendants, alleging they were Heart’s “alter egos.” Judge Carol Bagley Amon of the U.S. District Court for the Eastern District of New York rejected the SEC’s arguments in full, ruling that the agency lacked jurisdiction and the offerings were globally accessible but not specifically targeted at the United States. The court also found no substantial connection to domestic securities transactions, stating that the tokens were not sold on U.S. exchanges and that the SEC failed to show any direct marketing to U.S. investors. The court further dismissed the SEC’s fraud claims in full, finding the agency had failed to demonstrate that any investor communications were misleading or that the alleged misuse of funds occurred within U.S. jurisdiction. As a result, all claims against Heart and his blockchain products were dismissed. The SEC later confirmed it does not intend to amend or refile its complaint, allowing the dismissal to stand and formally closing the case with no findings of wrongdoing. From the outset, Heart has always maintained that his products fully comply with the law. Now it’s official. This is a landmark win for cryptocurrency, open-source innovation, and free speech. “This dismissal reinforces that publishing software — especially open-source blockchain code — is protected speech,” said Twitter/X user @NuclearHerbs, a U.S.-based attorney who attended the hearings. Legal analysts view the ruling as a decisive blow to the SEC’s expansive crypto enforcement strategy — one increasingly criticized for regulatory overreach and repeatedly rebuked by courts as arbitrary and capricious. With all claims dismissed, HEX, PulseChain, and PulseX now carry a level of legal clarity few other tokens enjoy. Contact Journalist Taylor Kennedy Freelance TLDRtaylor@protonmail.com
Chainwire 2025-04-25 16:05
Bitcoin's (BTC) recent uptrend has likely set the stage for a six-figure price mark, catalyzing increased trading activity in the memecoin sector, where DOGE and SHIB are seeing bullish activity. BTC, the leading cryptocurrency by market value, briefly topped $95,000 soon before press time, the highest since March 2, CoinDesk data show. The move comes three days after prices crossed above the Ichimoku cloud momentum indicator, signaling a bullish shift in the market trend. Supporting the constructive outlook are the consecutive daily candles with long tails (marked by box), suggestive of buy the dip mentality, and the upward-sloping five- and 10-day simple moving averages (SMA). Additionally, the daily chart MACD histogram prints higher bars above the zero line to suggest strengthening upward momentum. In other words, the path of least resistance is likely on the higher side, hinting at a continued move higher to $100,000, which is also the most popular call option strike on Deribit. The bullish outlook risks negation below $88,800, the former resistance-turned-support. AI's take on SHIB and DOGE Amid this bullish backdrop for bitcoin, the CoinDesk AI market insight bot has identified a breakout in SHIB, the world's second-largest meme coin, suggesting increased risk-taking in the broader crypto market. "Bitcoin's rise above $92K has triggered increased memecoin trading, with SHIB breaking out of a year-to-date falling channel and showing bullish technical indicators, " the bot said. "SHIB has demonstrated exceptional volatility with a 15.6% price fluctuation, establishing strong support at 0.00001225 after bottoming on April 21." The chart shows that SHIB has topped the trendline, characterizing the year-to-date downtrend and is looking to establish a foothold above the Ichimoku cloud, following BTC's lead. That would confirm the trend reversal higher. Meanwhile, DOGE, the world's leading cryptocurrency by market value, could soon follow suit, with the AI bot pointing to investor accumulation at around 18 cents. "Recent price action shows consolidation above 0.180 with decreasing volatility, suggesting accumulation before [bullish] continuation," the bot said. DOGE has risen over 35% since probing lows under 13 cents on April 7.
CoinDesk 2025-04-25 16:03
MAGACOINFINANCE Is Quickly Becoming a Focus for Early-Stage Crypto Watchers In every cycle, certain projects stand out for how they quietly gain traction before going mainstream. MAGACOINFINANCE is now being viewed through that lens, drawing comparisons to how XRP first started gaining attention before it became one of the most discussed assets in the industry. Its approach is measured, its access exclusive, and its rollout designed to reward long-term conviction—traits often found in altcoins that deliver long-term value. Why MAGACOINFINANCE Is Attracting Strategic Long-Term Investors MAGACOINFINANCE surged with attention just minutes after launching, emerging as one of the most talked-about projects of the year. Its structure avoids unnecessary noise and focuses instead on a rollout plan that aligns with smart investor behavior. Rather than chase short-term market waves, the project emphasizes timing, early community building, and access control. That combination is what has historically led to breakout projects that outperform. MAGACOINFINANCE vs. ADA, XLM, and AVAX: Entry Timing Still Matters Cardano (ADA) , Stellar (XLM) , and Avalanche (AVAX) each serve important roles in the crypto space. But they’ve already crossed into broader exposure—meaning their most aggressive growth phases have likely passed. MAGACOINFINANCE , on the other hand, is still in its early discovery window. This is where outsized moves usually begin, and it’s why analysts are keeping a close eye on its progress. Final Thoughts: MAGACOINFINANCE Is Echoing the Rise of Altcoin Giants Like XRP There was a time when XRP was underappreciated, Cardano (ADA) was still in the shadows, and Bitcoin (BTC) had yet to be taken seriously. Now, MAGACOINFINANCE is being talked about in the same breath—not for what it has already done, but for where it’s heading. Secure your tokens now, exclusively at MAGACOINFINANCE.COM Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: MAGACOINFINANCE Milestone Gains Attention Like XRP’s Earlier Rise
BitcoinSistemi 2025-04-25 16:02
The U.S. Securities and Exchange Commission (SEC) has filed a joint motion with blockchain company Dragonchain to dismiss its ongoing lawsuit against the firm. The decision, submitted on Thursday , reflects a broader policy shift within the agency following the establishment of its Crypto Task Force earlier this year. The SEC originally launched legal action against Dragonchain in August 2022, accusing the firm and its affiliates of conducting an unregistered securities offering through their 2017 initial coin offering (ICO). Trump’s Reelection Triggers Softer SEC Stance on Crypto Regulation Under former Chair Gary Gensler, the SEC pursued aggressive enforcement actions against numerous crypto projects, asserting that many digital assets qualified as unregistered investment securities. However, with President Donald Trump’s reelection and Gensler’s departure, the SEC has softened its stance on cryptocurrency regulation. The newly formed Crypto Task Force has focused on clarifying which digital assets fall outside the agency’s jurisdiction, recently stating that most meme coins are not considered securities. NEW from me: SEC Drops Dragonchain Lawsuit in Latest Crypto Enforcement Reversal “We finally have the right to innovate without fear,” @dragonchain founder @j0j0r0 told me. Read the Friday edition of the @CryptoAmerica_ newsletter https://t.co/9iEMYj1oaD — Eleanor Terrett (@EleanorTerrett) April 25, 2025 “In light of the foregoing, and in the exercise of its discretion and as a policy matter, the Commission believes the dismissal of this case is appropriate,” the SEC noted in its filing. The news of the dismissal sparked a sharp rally in Dragonchain’s native token, DRGN, which surged more than 100% in the past 24 hours, reaching $0.07898, according to CoinMarketCap . Crypto-Friendly Paul Atkins Sworn as SEC Chair As reported, Paul Atkins was sworn in as Chairman of the SEC on Monday, marking a leadership shift that is being welcomed by the digital asset industry. Under Atkins’ leadership, the SEC has already withdrawn or delayed several prominent cases against crypto firms. The agency dropped its lawsuits against Coinbase and Cumberland DRW earlier this year, and a separate investigation into Uniswap Labs closed in February without enforcement action. Last week, the agency also closed its investigation into CyberKongz , a prominent Ethereum-based NFT and gaming project, with no enforcement action taken. More recently, the SEC announced it would not pursue further legal action against Richard Schueler, better known as Richard Heart, the founder of Hex, PulseChain, and PulseX. SEC attorney Matthew Gulde informed New York District Court Judge Carol Bagley Amon that the regulator would not file an amended complaint following the court’s earlier dismissal of its case. Judge Amon had thrown out the SEC’s initial complaint on February 28, citing a lack of jurisdiction, as Heart’s activities were deemed not specifically directed at U.S. investors. The post SEC Moves to Dismiss Lawsuit Against Blockchain Firm Dragonchain, DRGN Surges 100% appeared first on Cryptonews .
cryptonews 2025-04-25 16:02
DonAlt highlights critical support levels for Ethereum and Bitcoin. Ethereum must reclaim the $2,000 level for a positive outlook. Continue Reading: Prominent Analyst Warns of Critical Levels for Bitcoin and Ethereum The post Prominent Analyst Warns of Critical Levels for Bitcoin and Ethereum appeared first on COINTURK NEWS .
CoinTurk News 2025-04-25 16:01
Bitcoin adoption among United States financial institutions could see a major boost after the US Federal Reserve withdrew its guidance discouraging banks from engaging with cryptocurrency. On April 24, the Fed withdrew its 2022 supervisory letter that served as guidance to deter banks from engaging in crypto and stablecoin activities. The withdrawal spurred a notable uplift in Bitcoin ( BTC ) investor sentiment. The Federal Reserve Board’s withdrawal giving banks guidance on crypto activities. Source: Federal Reserve The 2022 guidance initially warned that crypto may pose risks to investors and the stability of the US financial system. The Fed’s move means that “banks are now free to begin supporting Bitcoin,” said Michael Saylor, co-founder of the world’s largest corporate Bitcoin holding firm, Strategy, in an April 25 X post. Source: Michael Saylor The Fed’s decision “is a significant development, as it will simplify the path to institutional adoption,” according to Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum. “The withdrawal of this particular guidance ensures that crypto assets will be overseen through standard supervisory processes,” she told Cointelegraph, adding: “We still need to have GENIUS and STABLE bills to be passed to further harmonize the crypto activities amongst Fed-supervised firms and other market participants. The combination of legislative effort will be the main driver behind the institutional adoption.” The Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act, passed the US House Financial Services Committee with a 32–17 vote on April 2. The bill aims to create clear regulatory guidelines for dollar-denominated stablecoins. Source: Financial Services GOP The GENIUS Act, short for Guiding and Establishing National Innovation for US Stablecoins, passed the Senate Banking Committee by a vote of 18–6 on March 13. Related: Trump fought the bond market, the bond market won: Saifedean Ammous Fed’s shift marks end of us regulatory hostility The Federal Reserve’s decision may be a “meaningful turning point” for Bitcoin’s institutional adoption in the US, according to Eneko Knörr, co-founder and CEO of Stabolut, a yield-bearing stablecoin project. “Up until now, US regulatory hostility made it virtually impossible for traditional financial institutions to participate in this space,” Knörr told Cointelegraph. “With the recent shift in the Fed’s guidance, the door is finally open. This unlocks an enormous opportunity for banks — one that until now has been dominated by players like Coinbase and other crypto-native firms,” Knörr added. Knörr added that banks are now likely to move quickly to meet client demand and retain market share previously captured by crypto-native firms like Coinbase. Related: Serbia’s Prince Filip says Bitcoin is being stifled, expects huge rally Bitcoin adoption among financial institutions is also lagging in Europe, with less than 20% of European banks offering crypto services, despite the rising investor demand and regulatory clarity in the region. Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8
CoinTelegraph 2025-04-25 16:01
