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In the face of a severe downturn in the US stock market, Bitcoin has shown resilience by maintaining its price above the $80,000 support level. The article discusses how Bitcoin bulls are actively working to prevent BTC from following the record-breaking losses seen in US equities, which were triggered by fears of an extended trade war and a looming recession. On April 4, while the S&P 500 and Nasdaq Composite Index plummeted by 3.5%, Bitcoin's price only briefly dipped before stabilizing. Analysts and traders are closely monitoring Bitcoin's price action, with some like Rekt Capital noting potential bullish signals in the relative strength index (RSI) behavior. Despite the market's volatility, expectations for Federal Reserve interest rate cuts have increased, with a 40% probability for a cut in May. The article also highlights Bitcoin's historical tendency to bottom out before the stock market, suggesting that if certain price levels are reclaimed, Bitcoin might see further upward movement. However, the piece cautions that investment decisions should be made with careful personal research due to the inherent risks involved.
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Genius Group, a Singapore-based AI firm, has been temporarily prohibited from buying more Bitcoin due to a US court injunction related to a dispute with Fatbrain AI. The injunction, issued in March, stems from a failed merger in October 2023, where Genius Group accused Fatbrain AI executives of fraud. This legal action has forced Genius Group to close divisions, halt marketing, and sell some of its Bitcoin holdings to fund operations. The firm has sold 10 out of its 440 Bitcoin, valued at over $23 million, and might need to sell more if the injunction persists. Additionally, Genius Group claims that the US court order compels it to violate Singapore law by stopping share compensation to employees. Despite these challenges, Genius Group remains committed to Bitcoin, although its stock price has significantly declined, losing over 99% of its value since its peak in June 2022.
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The article discusses the growing concerns over regulatory capture within the cryptocurrency industry in Washington, D.C. Regulatory capture occurs when regulators or lawmakers serve the interests of a specific industry or company over the public's interest. The influence of crypto lobbying has intensified, particularly with the Trump administration's involvement in crypto projects like the stablecoin USD1 from World Liberty Financial (WLFI). This involvement has sparked fears of conflict of interest, as President Trump could potentially intervene in regulatory decisions concerning his family's project. Moreover, the article highlights how major crypto firms like Coinbase might leverage their influence to shape legislation in their favor, potentially at the expense of competitors like Tether. Industry observers and academics like George Selgin from the Cato Institute point out that while regulatory capture is not new, the crypto industry's tactics are introducing new challenges. The discussion also touches on the broader implications of such capture, suggesting that it could harm competition and innovation within the crypto sector. Despite these concerns, the political will to address regulatory capture remains weak, with suggestions for oversight bodies like a "Sentinel" panel facing significant hurdles.
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In her opinion piece, Dr. Merav Ozair discusses the symbiotic relationship between blockchain and AI, emphasizing that their convergence is not just beneficial but necessary for the development of secure, transparent, and decentralized autonomous agent economies. She highlights how blockchain's features like decentralization, immutability, and smart contracts can address AI's vulnerabilities, enhancing security and privacy. Ozair also explores the potential of programmable digital assets as the preferred payment method for AI agents, suggesting that this could revolutionize transactions in an agent-based economy. She points out the need for a multifaceted approach in technology development, urging the community to consider both AI and blockchain together in terms of innovation, regulation, and infrastructure to build a robust foundation for future technologies.
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The Bitcoin Development Mailing List, a crucial platform for discussing potential changes to the Bitcoin protocol, was temporarily banned from Google Groups due to what is believed to be a massive bot spam attack. This incident, which occurred over April 2 and 3, 2025, prevented Bitcoin core developers and researchers from communicating effectively. Google cited the presence of spam, malware, or malicious content as the reason for the ban. Bryan Bishop, a Bitcoin Core developer, suggested that the ban could have been triggered by mass reporting from multiple accounts, a tactic often used to censor or disrupt online communities. Despite the disruption, the moderators of the mailing list have decided to continue using Google Groups for their communications, emphasizing the importance of email continuity for Bitcoin protocol development discussions. The incident has sparked discussions on the reliability of centralized platforms for critical communications within the Bitcoin community, with suggestions for diversifying communication channels to prevent future disruptions.
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West Virginia's proposed Bitcoin strategic reserve bill, as discussed by State Senator Chris Rose in an exclusive interview with Cointelegraph, aims to enhance state sovereignty and provide an alternative to a potential central bank digital currency (CBDC). The bill allows the state treasurer to invest up to 10% of state funds into Bitcoin, stablecoins, and precious metals. This legislative move is seen as a step towards financial independence from federal oversight, with Bitcoin being highlighted as a tool for both investment and freedom. Despite the bill's intentions, it faces opposition due to Bitcoin's notorious volatility, which could introduce financial instability. The funds for this investment would be sourced from the state's pension and severance tax funds, ensuring that daily operational funds remain untouched. While similar bills have been introduced across the U.S., with varying degrees of success, West Virginia's approach seeks to balance exposure to digital assets with risk management, reflecting a broader trend of states exploring cryptocurrency as part of their financial strategy.
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The US House Financial Services Committee has recently passed the STABLE Act, a legislative framework designed to regulate stablecoins, with a vote of 32-17. This bill, which now awaits a full House vote, was introduced by Republican committee members French Hill and Bryan Steil, with input from Tether, the largest stablecoin issuer. The STABLE Act focuses on ensuring that issuers of payment stablecoins provide clear information about their operations and the backing of their tokens. However, the bill faced criticism from Democrat Maxine Waters, who expressed concerns that it could favor President Trump's family's stablecoin, World Liberty Financial USD, potentially allowing its use in government transactions. Concurrently, another bill, the GENIUS Act, is also moving through Congress, aiming to set similar regulatory standards for stablecoins. Both pieces of legislation are expected to undergo further debate and potential alignment to streamline their passage into law.
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Arthur Hayes, co-founder of BitMEX, has expressed his support for tariffs, arguing that they could benefit Bitcoin in the medium term. He believes that the imposition of tariffs by the Trump administration, which includes a 10% tariff on all countries with higher rates for specific nations like China (34%), the EU (20%), and Japan (24%), will correct global economic imbalances. These tariffs could lead to a weakening of the US Dollar Index as investors pull money out of US stocks, and a similar effect on the Chinese Yuan, pushing investors towards riskier assets like Bitcoin to preserve wealth. Hayes also anticipates that the Federal Reserve might ease monetary policy in response to these economic pressures, which would increase liquidity and make cryptocurrencies more appealing. This perspective is echoed by Jeff Park from Bitwise Invest, who predicts a significant rise in risk assets, including Bitcoin, in a scenario of a weaker dollar and lower US rates. However, the article emphasizes that these views do not constitute investment advice, highlighting the inherent risks in trading and investing.
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The recent trade tariffs announced by President Donald Trump are set to impact the Bitcoin mining industry, both in the US and globally, according to Kristian Csepcsar, chief marketing officer at Braiins. These tariffs, which include a 10% levy on all exports to the US and additional "reciprocal" tariffs, are adding to the existing challenges faced by Bitcoin miners. The US, despite having some domestic manufacturing capabilities, cannot produce the entire supply chain for mining equipment, which remains heavily reliant on foreign technology. The Bitcoin hashprice, a critical measure of miner profitability, has hit all-time lows, exacerbating the financial strain on miners. Furthermore, the tariffs are increasing the cost of mining equipment, particularly from major suppliers like China's Bitmain, with additional levies on top of existing tariffs. This situation could lead to a short-term loss for US mining firms as countries like Taiwan and South Korea, key players in chip manufacturing, face new tariffs. Meanwhile, regions like Russia and Kazakhstan, with more favorable mining conditions, might see a surge in mining activities, potentially challenging the US's position in global mining dominance.
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Cybersecurity firm Kaspersky has revealed a significant threat involving counterfeit Android smartphones sold online at reduced prices, which come preloaded with the Triada Trojan malware. This malware grants attackers extensive control over the device, enabling them to steal cryptocurrencies by altering wallet addresses. According to Dmitry Kalinin from Kaspersky Labs, the attackers have already siphoned off approximately $270,000 in various cryptocurrencies, with the potential for more due to their targeting of untraceable cryptocurrencies like Monero. The malware not only steals crypto but also intercepts texts, including two-factor authentication codes, and can compromise user account information. The infection process starts even before the phones reach consumers, possibly due to a compromised supply chain. Kaspersky has confirmed 2,600 infections globally, with Russia being the most affected region in the first three months of 2025. The Triada Trojan, known since 2016, remains a formidable threat to Android users, particularly those involved in cryptocurrency transactions.
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On April 2, President Donald Trump introduced a series of tariffs that have sent financial markets, including cryptocurrencies, into turmoil. The executive order, signed during a special event at the White House, imposes a minimum 10% tariff on countries that have tariffs on US goods, aiming to level the playing field. However, the methodology behind these tariffs has been criticized for its ambiguity, with some suggesting that even AI like ChatGPT could have generated the list of countries and rates. The immediate market reaction was a sharp decline in cryptocurrency values, with Bitcoin and Ether both experiencing significant drops. While some market observers see potential benefits for cryptocurrencies as alternative investments, others are concerned about the broader economic implications, including the impact on crypto mining due to increased costs of imported equipment. Critics argue that these tariffs could lead to a recession, with betting markets now estimating a higher probability of economic downturn. Despite these concerns, Trump insists that the tariffs will bolster the US economy, drawing parallels to historical economic policies, though his approach has been met with skepticism and criticism for potentially repeating past economic mistakes.
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The US Treasury Department has imposed sanctions on eight cryptocurrency wallet addresses associated with the Russian crypto exchange Garantex and the Yemeni Houthi movement. These sanctions were enacted after blockchain forensics revealed that nearly $1 billion in funds were linked to Houthi operations, primarily funding their activities in Yemen and the Red Sea region. The addresses involved include two deposit addresses at major crypto platforms and six privately controlled ones. This move highlights the growing recognition of cryptocurrency's role in geopolitical conflicts and terrorism financing, prompting a need for enhanced compliance frameworks and increased scrutiny on decentralized platforms. Garantex, previously shut down for money laundering, has attempted to rebrand as "Grinex." The Houthis, designated as a foreign terrorist organization by the US, have been involved in attacks in the Red Sea, leading to recent US military actions against them. The sanctions reflect a broader effort to curb the use of cryptocurrencies in funding terrorism and reshaping the regulatory environment for digital currencies.
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Investment firm VanEck has taken a pioneering step by filing to register a Delaware trust company for a potential spot BNB ETF in the United States, as indicated by public records on the Delaware state website. This move could signal the expansion of BNB Chain, formerly known as Binance Chain, into traditional financial markets. Although VanEck is the first to propose such a product in the US, Europe has seen similar BNB exchange-traded products (ETPs) for several years, with 21Shares launching a BNB ETP in Switzerland back in October 2019. However, the European product has seen limited success, managing only $15 million in assets under management. BNB, originally launched by Binance in 2017, is now the fifth-largest cryptocurrency by market capitalization, valued at approximately $88 billion. This filing by VanEck is part of a broader trend of altcoin ETF filings following Donald Trump's presidential inauguration, with other companies also registering trusts for ETFs tracking different cryptocurrencies.
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The cryptocurrency market is expected to reach a local bottom within the next two months, influenced by ongoing global tariff negotiations. According to Aurelie Barthere, a principal research analyst at Nansen, there's a 70% probability that crypto prices will bottom out by June. This prediction comes as both Bitcoin (BTC) and Ethereum (ETH) are trading well below their year-to-date highs, with BTC down 15% and ETH down 22%. The market's direction is closely tied to the outcomes of the US tariff announcements, with investors currently adopting a cautious "wait and see" approach. Despite this, the Crypto Fear & Greed Index indicates a slight improvement in market sentiment, moving away from "extreme fear." Bitcoin is currently consolidating within a range, with key support at $82,000 and potential for upward movement if broader market sentiment stabilizes. The market's fragile psychology underscores the importance of positive developments in US growth and tariff negotiations for a potential recovery in both traditional and digital asset markets.
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Sony Electronics Singapore has partnered with Crypto.com to accept USDC payments, reflecting a broader trend of stablecoin adoption in the region. This move is part of Crypto.com's strategy to normalize crypto payments, as evidenced by their previous partnership with Deutsche Bank for corporate banking services across Asia-Pacific markets. Singapore's proactive stance on blockchain and crypto regulation has made it a focal point for Web3 companies, with the country issuing significantly more crypto licenses in 2024 than the previous year. This regulatory environment, coupled with initiatives like Metro allowing stablecoin payments, positions Singapore as an emerging hub for blockchain technology. The trend is further supported by Singapore Gulf Bank's plans to acquire a stablecoin payments company, highlighting the country's commitment to fostering a crypto-friendly ecosystem.
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Bitcoin's price is at risk of dropping to $71,000 due to the impact of US trade tariffs, according to analysis by Charles Edwards of Capriole Investments. The announcement of higher-than-expected tariffs by President Trump led to an 8.5% drop in Bitcoin's value, contrasting with a slight rise in the S&P 500. Edwards highlighted that current US business expectations are reminiscent of major economic downturns, suggesting a high-risk environment for Bitcoin. He pointed out that while the Philadelphia Fed’s Business Outlook Survey (BOS) can sometimes give false signals, its current readings are significant. A key level to watch is $91,000; a close above this could signal a bullish trend, whereas a dip to $71,000 might trigger a significant bounce. Additionally, there's optimism about a potential increase in global liquidity, particularly from the US, which historically has led to Bitcoin price increases. However, the exact timing of this liquidity influx remains uncertain.
