PayPal Supports Solana (SOL) and Chainlink (LINK) Payments for US Users
According to TreeNews on the 1st (local time), PayPal announced that it will support Solana (SOL) and Chainlink (LINK) payments for US users.
April 2General
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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Trump's Second Son: 'US Banks Closed Family Accounts... Opportunity to Realize the Importance of Virtual Assets'
According to Daily Hodl, a media outlet specializing in virtual assets (cryptocurrency), Eric Trump, the second son of U.S. President Donald Trump, revealed in an interview with Fox Business that he encountered virtual assets after multiple U.S. banks closed the family's accounts. He mentioned banks such as JPMorgan Chase, Bank of America, Capital One, TD Bank, and First Republic, saying, "I never thought I would become so immersed in the world of virtual assets until multiple banks closed our accounts just because my father is a politician," emphasizing, "They attacked us viciously, and it was then that I realized the importance of virtual assets."
April 1PiCK"Circle Submits IPO Documents"
According to the Unfolded X (formerly Twitter) account on the 1st (local time), Circle, the issuer of the dollar-pegged stablecoin USDC, has reportedly submitted documents for an Initial Public Offering (IPO). Previously, Fortune reported that Circle is planning to proceed with an IPO alongside JPMorgan and Citibank, with the official filing expected to take place at the end of April.
April 1GeneralGameStop to Use $1.48 Billion Convertible Bond Proceeds to Purchase Bitcoin (BTC)
SolidIntel reported on the 1st (local time) via X (formerly Twitter) that GameStop (GME) plans to use $1.48 billion in convertible bond proceeds to purchase Bitcoin (BTC). Previously, the GameStop board unanimously approved a plan to add Bitcoin to its balance sheet and announced the issuance of $1.3 billion in convertible bonds to purchase Bitcoin.
April 1GeneralCoinbase CEO Discusses Stablecoin Regulation Bill with US Lawmakers
Brian Armstrong, CEO of Coinbase, stated on the 1st (local time) via X (formerly Twitter) that the review of the Stablecoin Regulation Bill (STABLES Act) by the US House Financial Services Committee will be a significant turning point for the virtual asset (cryptocurrency) industry. He continued, "This bill is the result of efforts to achieve bipartisan consensus," and urged committee members to vote in favor. Furthermore, he added, "I am currently visiting Washington D.C." and "I will meet with lawmakers to persuade them to pass the stablecoin and market structure-related bills before the August recess."
April 1GeneralVirtual Asset M&A Hits Record High in Q1
In the first quarter of this year, virtual asset (cryptocurrency) mergers and acquisitions (M&A) transactions reached a record high of 62 deals. On the 1st (local time), Blockworks, a virtual asset specialized media, cited a report from M&A consulting firm Architect Partners, stating, "The number of virtual asset M&A transactions in the first quarter nearly doubled compared to the third quarter of last year (33 deals)." Previously, Dan Tapiero, founder of the virtual asset investment firm 10T Holdings, predicted at the Digital Asset Summit hosted by Blockworks that "an M&A boom will occur along with the activation of virtual asset initial public offerings (IPOs)."
April 1GeneralNew York Stock Exchange Closes Mixed; Nasdaq Up 0.87%
The three major indices of the U.S. stock market closed mixed. The Nasdaq Composite Index rose by 0.87% to close at 17,449.89 points on the 2nd. The Dow Jones Index fell by 0.08% to 41,969.58 points, while the S&P 500 Index rose by 0.32% to close at 5,629.86 points.
April 1GeneralJustin Sun: TRON (TRX) to Stand Out in the US This Year
Justin Sun, the founder of TRON (TRX), stated on the 1st (local time) via X (formerly Twitter) that "TRON will stand out in the US market this year."
April 1General'Trump's Second Son Involved' US Bitcoin (BTC) Company Plans to Go Public
Bitcoin (BTC) mining company Hut8 and Eric Trump, the second son of former US President Donald Trump, announced the joint establishment of American Bitcoin, with plans for the company to go public in the future. According to Bloomberg on the 1st (local time), they also plan to raise additional private capital. Previously, Hut8 transferred most of its ASIC miners to American Bitcoin in exchange for acquiring an 80% stake in the mining sector, and Eric Trump, along with two others, will be part of the American Bitcoin leadership team. Donald Trump Jr., the eldest son of Trump, also participated in the related investment.
April 1GeneralUS Blockchain Association President Appointed as Head of Solana (SOL) Policy Institute
Kristin Smith, the president of the US Blockchain Association, will step down next month to take on the newly established role as head of the Solana (SOL) Policy Institute. According to CoinDesk, a cryptocurrency-focused media outlet, the institute was founded by Miller Whitehouse-Levine, former head of the DeFi Education Fund.
April 1GeneralKraken Co-CEO: "Tokenized Stocks Expected to Surpass Stablecoins"
Arjun Sethi, Co-CEO of Kraken, predicted that tokenized stocks will surpass the stablecoin market. In an interview with The Block, a cryptocurrency-focused media outlet, he said, "Think about what stablecoins have achieved so far. We have thousands of products that are equal to or greater than that." He continued, "One tokenized stock will be similar to or larger than Tether," explaining that "tokenized stocks feature transparency, fast speed, 24/7 trading availability, and global accessibility." Furthermore, he added, "Futures and options trading can be applied to tokenized stocks," and "this market will grow much faster than we expect."
April 1GeneralUS House Unveils Latest Amendment to Stablecoin Regulation Bill
The United States House Financial Services Committee published the Amendment in the Nature of a Substitute (ANS) to the Stablecoin Regulation Bill (STABLE Act) on its official website on the 1st (local time). Eleanor Terrett explained that "the ANS is the latest version reflecting recent revisions and additions to the existing bill, and will serve as the basis for the bill's review scheduled for the 2nd (local time)." Meanwhile, the Stablecoin Regulation Bill aims to enhance the transparency of stablecoins and clarify the responsibilities of issuers.
April 1GeneralBinance "ACT Price Plunge Due to Large-Scale Sell-Off by Some Users"
Regarding the approximately 20-50% plunge of major altcoins such as ACT, DF, TUT, and TST on Binance's global cryptocurrency exchange spot trading pairs, Binance explained that the cause was large-scale spot selling by some users and the subsequent liquidation of futures. On the 1st (local time), Binance explained on X (formerly Twitter), "Three VIP users conducted spot sell trades amounting to 514,000 USDT in a short period, and another user deposited a large amount of ACT from an external platform and sold spot worth 540,000 USDT in a short time." They continued, "The selling pressure caused the price to drop, and as some users' futures positions were liquidated, other tokens also experienced a simultaneous decline," adding that "further investigation is underway regarding the matter." Additionally, "Binance is adjusting leverage based on the liquidity, market sentiment, and trading volume of all trading assets," and "recently adjusted the leverage of ACT/USDT perpetual futures as a preventive measure to preemptively mitigate market risk." Furthermore, "No anomalies were found during the period, and there were no cases of users' positions being arbitrarily liquidated," they added.
April 1General"Strategy Funding Limit...Stock Price Could Drop by 30%"
According to CoinDesk, a cryptocurrency-focused media outlet, Strategy (NASDAQ ticker: MSTR) has seen its stock price rise by over 2500% over the past five years due to its aggressive Bitcoin (BTC) purchasing strategy, but there is analysis suggesting this strategy could become a weakness. Gus Gala, an analyst at New York-based stock research firm Monness Crespi, stated, "It appears that Strategy's convertible bond issuance strategy has effectively reached its limit," adding, "If the proportion of fixed-income securities like bonds does not increase, the BTC purchasing strategy will become unsustainable." He further added, "There is a possibility that the stock price could fall by 30% from the $3000 level." Currently, Strategy holds 528,185 BTC (approximately $35.63 billion), with an average purchase price of $67,458.
April 1GeneralBlackRock Obtains UK Virtual Asset Company License
According to DL News, a media outlet specializing in virtual assets (cryptocurrency), global asset manager BlackRock has obtained a virtual asset company license from the UK's Financial Conduct Authority (FCA) as of the 1st (local time). With this approval, BlackRock can operate a Bitcoin (BTC) Exchange-Traded Product (ETP) within Europe as a UK entity. Previously, BlackRock launched the iShares Bitcoin ETP in Europe last month, and the product was listed under the ticker IB1T on Germany's Xetra and France's Euronext Paris, and under the ticker BTCN on the Netherlands' Euronext Amsterdam.
April 1GeneralTrump's Second Son: "Bitcoin (BTC), One of the Best Stores of Value"
According to the virtual asset (cryptocurrency) specialized media Watcher Guru X (formerly Twitter) account on the 1st (local time), Eric Trump, the second son of U.S. President Donald Trump, evaluated that "Bitcoin (BTC) is one of the best stores of value," adding that "it can be liquidated immediately and is a strong hedge against real estate."
April 1PiCK'DeFi Asset Management Platform' Zapper Suffers Domain Hacking Incident
The DeFi asset management platform Zapper announced on the 1st (local time) via X (formerly Twitter) that "the Zapper (.fi) domain has been subjected to a social engineering attack" and advised "not to access the domain or click on any links."
April 1General"The U.S. Virtual Asset Open Policy Deepens Traditional Financial Market Risks"
According to the cryptocurrency-focused media outlet CoinDesk on the 1st (local time), the European Securities and Markets Authority (ESMA) pointed out that the U.S. open policy on virtual assets could deepen the risks in traditional financial markets. An ESMA spokesperson stated in an interview, "The adoption of virtual assets by institutional investors is accelerating due to U.S. actions, which will strengthen the interaction between traditional financial markets and the virtual asset economy," emphasizing that "if the related risks are not prevented, the negative ripple effects between virtual assets and traditional financial markets will intensify."
April 1GeneralBitcoin (BTC) briefly recovers $85,000
Bitcoin (BTC) briefly recovered the $85,000 level. Meanwhile, BTC is trading at $85,331.24, up 2.19% from the previous day, as of 00:48 on the 2nd, based on the Binance Tether (USDT) market.
April 1GeneralBitcoin (BTC) Policy Institute Proposes Launch of BTC-Linked Treasury Product
According to The Block, a cryptocurrency-focused media outlet, the Bitcoin (BTC) Policy Institute, a U.S. think tank, has proposed the launch of a Bitcoin-linked treasury product called BitBonds. The Bitcoin Policy Institute explained that "this product can reduce the interest burden on U.S. treasuries while simultaneously increasing the nation's Bitcoin holdings," and described it as "a means to directly implement President Donald Trump's strategic Bitcoin reserve plan."
April 1PiCKNew York Stock Exchange Turns Upward... Nasdaq 0.84%↑
The three major indices of the U.S. stock market are showing an upward trend. The Nasdaq Composite Index is trading at 17,443.96 points, up 0.84% from the previous day as of 00:37 on the 2nd. The Dow Jones Index is up 0.26% at 42,110.63 points, and the S&P 500 Index is recording a 0.47% increase at 5,638.18 points.
April 1General"Trump Family's Virtual Asset Trading Complicates Regulation Establishment"
On the 31st (local time), according to the virtual asset (cryptocurrency) specialized media Decrypt, French Hill, a member of the U.S. House Financial Services Committee, pointed out that "the regulatory environment has become more complicated as President Donald Trump and his family engage in virtual asset trading." He specifically mentioned Trump-related meme coins and stablecoin projects, emphasizing that "these projects have made it more difficult to draft regulations."
March 31General"Bitcoin (BTC) Expected to Fall Below $60,000 This Year"
According to CoinDesk, a cryptocurrency-focused media outlet, on the 31st (local time), Quinn Thompson, founder of the cryptocurrency hedge fund Lekker Capital, claimed that Bitcoin (BTC) is likely to fall below $60,000 this year. This is about a 50% drop compared to $109,000 two months ago. He analyzed, "I don't think the decline will happen quickly," adding, "It will proceed unbearably slowly." He continued, "The current market is in a situation of great volatility, such as large-scale liquidations and crashes," and "Because of this, the decline will be a very painful and shocking event for people." Furthermore, he explained, "Investors will suffer in the expectation that this might be the bottom," and "The policies of the Trump administration, such as the Department of Government Efficiency (D.O.G.E) workforce reduction, tariffs, the Fed's limited response, and new immigration policies, will impact the U.S. economy over the next 6 to 9 months." He also added, "Stocks, Bitcoin, etc., are facing these headwinds," and "It will be difficult for the cryptocurrency industry to achieve good results this year."
March 31PiCKNew York Stock Exchange Closes Mixed; Nasdaq Down 0.14%
The three major indices of the U.S. stock market closed mixed. The Nasdaq Composite Index fell by 0.14% from the previous day to 17,299.29 points. The Dow Jones Index rose by 0.99% to 41,996.75 points, and the S&P 500 Index increased by 0.59% to close at 5,613.91 points.
March 31General"Former CEO of DeFi Education Fund Launches New Non-Profit Organization"
According to The Block, a cryptocurrency-focused media outlet, on the 31st (local time), it has been confirmed that Miller Whitehouse-Levine, the former CEO of the DeFi Education Fund (DEF), has launched a non-profit organization called the Solana Policy Institute. Miller Whitehouse-Levine explained, "The Solana Policy Institute aims to establish reasonable cryptocurrency regulations in collaboration with the new executives of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)."
March 31GeneralBitcoin (BTC) temporarily returns $83,000
Bitcoin (BTC) temporarily returned the $83,000 level. Meanwhile, BTC is trading at $82,874.89, up 0.37% from the previous day, based on the Binance Tether (USDT) market as of 03:05 on the 1st.
March 31General"Coinbase Requests US Court to Resume FOIA Lawsuit Against FDIC"
It has been confirmed that the global virtual asset (cryptocurrency) exchange Coinbase has submitted a request to the US court to lift the hold on the ongoing Freedom of Information Act (FOIA) lawsuit against the Federal Deposit Insurance Corporation (FDIC). According to the X (formerly Twitter) account of Eleanor Terrett, the host of Crypto in America, on the 31st (local time), Coinbase stated, "The FDIC is still delaying the disclosure of important documents and is not cooperating with the exchange's information requests." As a result, "We are requesting the court to resume the lawsuit," and explained, "We wanted to resolve this issue without legal proceedings. We appreciate the cooperation shown by the new FDIC leadership, but there is still a long way to go to secure the transparency that the American public deserves." Furthermore, "We will continue to apply pressure for this," they added. Meanwhile, it is expected to take about two weeks for the FDIC to respond to the request to resume the lawsuit.
March 31General'AI Blockchain Infrastructure Company' Ambient Raises $7.2 Million in Seed Funding
On the 31st (local time), according to cryptocurrency-focused media outlet CoinDesk, AI blockchain infrastructure company Ambient has raised $7.2 million in seed funding. This round included participation from Andreessen Horowitz (a16z), Amber Group, and Delphi Digital. Meanwhile, Ambient plans to offer open blockchain services combined with artificial intelligence technology.
March 31General"Coinbase to Suspend Trading of Maple (MPL) on April 30"
Global cryptocurrency exchange Coinbase announced on the 31st (local time) via its official X (formerly Twitter) that it will suspend trading of Maple (MPL) at noon (local time) on April 30. Coinbase stated, "We regularly monitor assets to ensure they meet our listing standards," and explained, "Maple Finance is undergoing a migration to a new token, SYRUP, which is expected to conclude on April 30." Furthermore, Coinbase has already stated that it will not support this migration.
March 31General"Bitcoin (BTC), RSI Overbought Zone Reconfirmed"
According to the cryptocurrency specialized media Cointelegraph on the 31st (local time), Bitcoin (BTC) is attempting to break through $84,000, but there is an analysis that it is likely to remain bearish for the time being. Cryptocurrency trader Roman explained on X (formerly Twitter) that "the Relative Strength Index (RSI) on the Coinbase BTC/USD 4-hour chart is reconfirming the overbought baseline of 50," and "a bearish trend is also appearing in both the short-term time frame (LTF) and the long-term time frame (HTF)." Meanwhile, BTC is trading at $83,465.43 on the Binance Tether (USDT) market at 01:35 on the 1st, up 1.34% from the previous day.
March 31PiCK