Hi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
On the 25th (local time), according to SolidIntel, global online payment company Stripe is developing a new stablecoin product and is expected to start beta testing soon. Previously, Stripe acquired the stablecoin payment startup Bridge, founded by former Coinbase executives, for $1.1 billion last October.
The three major indices of the U.S. stock market are showing mixed trends. The Nasdaq Composite Index is trading at 17,210.90 points, up 0.26% from the previous day as of 00:07 on the 26th. The Dow Jones Index is down 0.47% at 39,903.64 points, while the S&P 500 Index is up 0.02% at 5,486.11 points.
The three major indices of the U.S. stock market closed with gains. The Nasdaq Composite Index rose 2.74% from the previous day on the 25th, closing at 17,166.04 points. The Dow Jones Index rose 1.23% to 40,093.40 points, and the S&P 500 Index closed up 1.96% at 5,481.24 points.
US Senate candidate Dave McCormick recently invested hundreds of thousands of dollars in Bitwise's Bitcoin (BTC) exchange-traded fund (ETF). According to cryptocurrency-focused media outlet CoinDesk on the 24th (local time), Dave McCormick invested approximately $310,000 to $700,000 in the Bitwise ETF in March. He also invested up to $450,000 in the same fund in February, bringing his total investment to an estimated $1 million. Dave McCormick is the former CEO of Bridgewater Associates, one of the world's largest hedge funds, and is known as the Senate candidate who has invested the most in Bitcoin.
On the 24th (local time), according to the cryptocurrency media outlet Cointelegraph, the amount of ETH flowing into Ethereum (ETH) accumulation addresses in the past 10 days has reached its highest level since 2018. Particularly on the 22nd (local time), 449,000 ETH flowed into accumulation addresses in one day, marking the largest daily inflow in Ethereum's history. The media stated, "This increase in accumulation address inflow indicates that long-term holders remain optimistic about ETH despite recent price sluggishness," adding, "On-chain indicators, such as the increase in the number of active Ethereum addresses, also show a positive trend." However, it added, "Indicators related to decentralized finance (DeFi) remain at a low level."
According to Bloomberg News on the 24th (local time), US Treasury Secretary Scott Besant stated at a press conference following a meeting between President Donald Trump and the Prime Minister of Norway, "Today's meeting with the South Korean delegation progressed faster than expected," adding, "We might enter into technical detailed negotiations as early as next week and reach a tentative agreement. South Korea came well-prepared."
According to NBC on the 24th (local time), U.S. President Donald Trump stated in a press conference following a meeting with the Norwegian Prime Minister that "an agreement on the Russia-Ukraine war is very close," adding that "it seems difficult for Ukraine to reclaim the Crimean Peninsula."
Justin Sun, the founder of TRON(TRX), stated on the 24th (local time) through his X(formerly Twitter) that "Anatoly Yakovenko, the co-founder of Solana(SOL), is a person with true vision." Previously, Anatoly had said, "Justin Sun is underrated."
Changpeng Zhao, the founder of Binance, pointed out on the 24th (local time) via his X (formerly Twitter) that Bloomberg reported inaccurately and with bias about his role as an advisor on virtual asset policies for countries like Kyrgyzstan. He stated, "Bloomberg is targeting specific individuals with fictional articles not based on evidence," and claimed, "I've heard that due to low ethical standards, Bloomberg's investigative reporting department might be shut down." Previously, Changpeng Zhao announced that he would take on advisory roles for virtual asset policies in Kyrgyzstan, Pakistan, and Malaysia.
According to Cointelegraph, a cryptocurrency-focused media outlet, the recent surge in Bitcoin (BTC) has been accompanied by an increase in buying volume in the spot market, which is interpreted as a positive signal indicating a sustainable bull market. The media stated, "During this BTC surge, there were no noticeable changes in the margin and futures markets," analyzing that "the lukewarm response in the futures market suggests that the recent buying pressure mainly originated from the spot market." It continued, "The longer Bitcoin hovers above $90,000, the greater the pressure on bears to liquidate their short positions," adding, "Movements above $90,000, in particular, act as a factor strengthening decoupling from the stock market, which could serve as a foundation for breaking through the psychological resistance level of $100,000."
According to DL News, a media outlet specializing in virtual assets (cryptocurrency), Michael Saylor, the founder of MicroStrategy (NASDAQ ticker: MSTR), which holds the most Bitcoin (BTC) among single companies, participated in the 'Bitcoin Standard Corporate Investor Day' event held in New York, USA, and predicted that BlackRock's Bitcoin (BTC) spot exchange-traded fund (ETF) IBIT will become the world's largest ETF within 10 years.
Bitcoin (BTC) temporarily returned the $93,000 level. Meanwhile, BTC is trading at $92,902.46, down 0.98% from the previous day, as of 02:16 on the 25th, based on the Binance Tether (USDT) market.
Virtual asset (cryptocurrency) market analyst Maartunn stated on the 24th (local time) via his X (formerly Twitter) that "the recent surge in Bitcoin (BTC) is occurring without an increase in new on-chain demand," and assessed that "the Bitcoin network is as quiet as a ghost town." He continued, "This upward trend is driven by capital inflows through the U.S. spot Exchange-Traded Fund (ETF) and an increase in Open Interest (OI) in the futures market," adding that "there is almost no new visible on-chain demand." Meanwhile, BTC is trading at $93,575.81, up 0.03% from the previous day, based on the Binance Tether (USDT) market as of 1:45 on the 25th.
According to foreign media on the 24th (local time), U.S. President Donald Trump stated during a cabinet meeting in progress that "We had a meeting with China this morning," adding that "It is not important who the counterpart is, and it will be disclosed later." Earlier that day, China's Ministry of Commerce issued an official statement saying, "There are currently no economic or trade negotiations between the U.S. and China," and "The news that negotiations are underway is unfounded. If the U.S. truly has the will to resolve issues, it should first withdraw all unilateral tariff measures against China."
Fidelity Digital Assets, the cryptocurrency division of global asset management firm Fidelity, stated on the 24th (local time) via its official X (formerly Twitter) that "the supply of Bitcoin on major exchanges is decreasing due to direct purchases by listed companies," and analyzed that "this trend is expected to accelerate in the near future." It continued, "The Bitcoin currently held by major exchanges is about 2.6 million BTC, the lowest level since November 2018," and reported that "more than 425,000 BTC have flowed out of exchanges since November 2024." Additionally, it added, "Listed companies have accumulated about 350,000 BTC since the last U.S. presidential election, and have been purchasing more than 30,000 BTC per month on average this year."
Miles Jennings, the legal counsel and head of policy at Andreessen Horowitz (a16z) Crypto, recently appeared on Crypto in America and stated, "Ripple (XRP) is a network token and there is no doubt about it."
Bitcoin (BTC) is showing a trend similar to mid-2021, suggesting it could retrace to $87,000 to retest the support level, according to analysis. Cryptocurrency analyst Rekt Capital stated on the 24th (local time) via X (formerly Twitter), "Based on the BTC/USD Binance weekly chart, BTC seems to be repeating the price movement of mid-2021," and "As it has broken through a major resistance level with this surge, BTC could retreat to the $87,000 level to confirm if this price range has turned into a support level." He added, "This could change depending on how the weekly candle closes at $93,500," and "If it closes above, this perspective becomes invalid." Meanwhile, analyst Michaël van de Poppe said, "The recent surge in BTC may be followed by some correction, which is a normal phenomenon," adding, "There is a high possibility that buyers will enter afterward, continuing the journey towards a new all-time high." Meanwhile, BTC is trading at $93,223.15, up 0.58% from the previous day, based on the Binance Tether (USDT) market as of 00:48 on the 25th.
Cryptocurrency exchange OKX announced on its official website on the 24th (local time) that it has appointed Jonathan Brockmeier as Chief Compliance Officer (CCO). Jonathan Brockmeier will lead efforts to strengthen cooperation with global regulatory bodies and build a compliance system at OKX. He previously built compliance systems for the Americas at the Singapore-based fintech unicorn Thunes and has experience designing and implementing regulations across the U.S., Canada, Mexico, and Latin American markets.
On the 24th (local time), according to crypto media The Block, a US court sentenced a crypto investment fraudster, who defrauded more than 20 victims of a total of $12 million, to 18 years in prison and 3 years of probation. The convicted individual is Eugene William Austin Jr. from Long Island, New York, who posed as a broker offering high-return crypto investment opportunities to recruit investors. The court judged his actions as a deliberate and malicious fraud and handed down a heavy sentence considering the scale of the damage and the number of victims.
The three major U.S. stock indices are showing an upward trend. The Nasdaq Composite Index is trading at 16,989.03 points as of 00:01 on the 25th, up 1.68% from the previous day. The Dow Jones Index is up 0.63% at 39,854.93 points, and the S&P 500 Index is up 1.25% at 5,442.88 points.
The Internet Crime Complaint Center (IC3) under the Federal Bureau of Investigation (FBI) reported that in 2023, Americans over 60 suffered losses of approximately $2.84 billion due to cryptocurrency scams. According to The Block, a cryptocurrency-focused media outlet, on the 23rd (local time), this figure is based on the analysis of a total of 33,369 internet crime reports received by IC3, with this age group accounting for the largest share of cryptocurrency-related scam losses. Following this, the age group of 40-49 years old suffered losses of $1.46 billion. IC3 stated, "The total estimated losses from cryptocurrency investment scams are about $5.8 billion, which is a 47% increase compared to the previous year." Additionally, it added, "Losses from scams using cryptocurrency ATMs are estimated to reach about $247 million."
On the 23rd (local time), according to Unfolded, crypto asset ETP issuer 21Shares has completed the registration of the Sui (SUI) Exchange Traded Fund (ETF) entity in the state of Delaware, USA.
According to the virtual asset (cryptocurrency) specialized media WuBlockchain on the 23rd (local time), Russian Finance Minister Anton Siluanov announced that "the Ministry of Finance and the Central Bank will establish a virtual asset trading platform for super-qualified investors to legalize and regulate specific virtual asset transactions." The platform is expected to be newly established or built on existing exchanges.
The three major indices of the U.S. stock market closed with gains. The Nasdaq Composite Index rose by 2.50% on the 24th, closing at 16,708.05 points. The Dow Jones Index rose by 1.07% to 39,606.57 points, and the S&P 500 Index closed at 5,370.63 points, up 1.57%.
Infrared Finance, the liquidity staking protocol of the VeraChain (BERA) ecosystem, has introduced a new points program to encourage user participation. According to The Block, a cryptocurrency-focused media outlet, users will earn points based on eligible activities such as participating in Proof of Liquidity (PoL) vaults, and the longer the staking or liquidity provision period, the more points they can earn. The points earned will be convertible into Infrared tokens, which are scheduled to be launched in the third quarter of this year, and the program is planned to run for about three months. Meanwhile, Infrared Finance raised $14 million in a Series A round led by Framework Ventures last March.
On the 23rd (local time), the Federal Reserve (Fed) of the United States reported through the Beige Book, which covers the economic conditions of 12 districts under its jurisdiction, that economic activity is stable but the outlook in several regions has sharply deteriorated due to uncertainty. The report stated, "US employment is showing resilience, and prices are growing at an appropriate, moderate, or unchanged pace," while pointing out that "uncertainty surrounding international trade policy is pervasive." Meanwhile, the report only reflects some of the initial impacts of US President Donald Trump's tariff measures.
According to Decrypt, a media outlet specializing in virtual assets (cryptocurrency), the Kuwaiti government has officially issued a warning against illegal virtual asset mining activities on the 23rd (local time). The Kuwaiti Ministry of Interior stated in a statement that virtual asset mining equipment is being illegally operated in more than 1,000 locations across the country. Previously, Kuwait has completely banned all activities related to virtual assets, including transfers and transactions, since 2023. This warning is interpreted as the government's intention to strengthen crackdowns on actions violating the ban.
On the 23rd (local time), Walter Bloomberg reported, citing Fox News, that White House spokesperson Caroline Levitt stated there would be no unilateral tariff reduction on China. This statement is interpreted as the White House reaffirming its commitment to maintaining a tough stance on tariff policy amid ongoing trade tensions between the United States and China.
Bitcoin (BTC) briefly recovered to the $94,000 level. Meanwhile, BTC is trading at $94,178.66, up 3.18% from the previous day, as of 03:11 on the 24th, based on the Binance Tether (USDT) market.
On the 23rd (local time), CryptoQuant reported via X (formerly Twitter) that there has been a surge in transfers of long-dormant Bitcoin (BTC) this year. The media stated, "In the first quarter of this year, 62,800 BTC that had been dormant for over 7 years were transferred, whereas in the same period last year, 28,000 BTC were transferred," explaining that "the transfer volume of long-dormant BTC increased by 121%."