Bittensor is reshaping AI with a decentralized, blockchain-powered network where anyone can earn by contributing real machine learning work.
Binance Futures has announced the upcoming launch of LDUSDT, a pioneering reward-bearing margin asset that provides users with passive income opportunities through Tether’s USDT stablecoin. The introduction of LDUSDT marks
Recent discussions in U.S. Congress reveal significant challenges in adapting existing securities laws to the rapidly evolving landscape of cryptocurrencies. The urgency for a coherent regulatory framework has intensified as
Ethereum is facing potential turbulence, sparking worries it might plummet below a critical threshold. Solana , too, is experiencing significant pressure, threatening to dip to distressing lows. This analysis delves into the market forces driving these cryptocurrencies, and identifies which coins might be gearing up for growth despite the turmoil. Ethereum Turmoil: Tracking ETH's Decline and Key Levels Ethereum experienced a significant decline, with a nearly 29% drop over the last month and a 39.5% fall over the past six months. Price levels shifted downward from highs near $2325 to around $1538, indicating a clear bearish trend. This steep decline shows increasing selling pressure and decreasing market confidence, supported by technical indicators highlighting weakening momentum. Currently, trading takes place between $1538 and $2325, with initial support around $1255 and resistance near $2829. Bears maintain control, limiting upward movements. A cautious strategy may involve shorting near the support level while monitoring for any bounce attempts at the resistance zone, as oscillators and momentum indicators suggest ongoing downward pressure. Solana Price Snapshot: Past Movements and Current Levels Over the past month, Solana ’s price has dropped by nearly 17%, while a decline of almost 24% has been observed over the last six months. The price behavior shows ongoing selling pressure, with attempts to rebound repeatedly falling short of reversing the downward trend. This has led to price volatility and reduced momentum, contributing to a continued bearish performance and a lack of sustained recovery. The current trading range is between $97.94 and $165.67, with a key support level at $71.30 and resistance at $206.76. Bears dominate the market, and no clear upward trend is present. Traders may find opportunities by looking to buy near support and sell as the price approaches resistance. Conclusion ETH and SOL face significant pressure amid market sell-offs. ETH risks falling below $1000, while SOL could drop to $20. The sell-off reflects investor anxiety. The future movement of these coins depends on market trends and investor sentiment. Short-term outlook remains bleak, but long-term recovery is possible. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Key Takeaways: Europe’s first regulated Dogecoin ETP is expected to attract institutions that previously shied away from direct crypto purchases. The joke cryptocurrency would gain further legitimacy through regulated products. Launch timing aligns with the growing global demand for crypto ETPs across several markets. Leading asset manager 21Shares announced on April 9 that it’s partnering with the House of Doge to launch Europe’s first Dogecoin ETP. The House of Doge is the corporate division of the Dogecoin Foundation. The Dogecoin ETP will trade on the SIX Swiss Exchange under the ticker DOGE, making the cryptocurrency more accessible to traditional EU investors. European Move Signals Strategic Push Towards Crypto Accessibility According to a press release , the 21Shares Dogecoin ETP is 100% physically backed, giving investors a secure and transparent way to access Dogecoin through traditional markets. The Dogecoin ETP carries a standard management fee of 2.50%, covering storage, insurance, and administrative costs associated with holding the digital asset. Much wow. Now live! In partnership with @houseofdoge , we're excited to introduce the only Dogecoin ETP endorsed by @dogecoinfdn , now available through your bank or brokerage. Here's to the meme that made it. Many details: https://t.co/f143znekt1 Disclaimer: This document… pic.twitter.com/Mqewu1HeNB — 21Shares (@21Shares) April 9, 2025 Duncan Moir, President of 21Shares, said the partnership opens the most direct path for investors seeking exposure to Dogecoin and its ecosystem. He further explained that Dogecoin is more than a meme asset, functioning as a cultural symbol and driving wider crypto adoption among diverse investor groups. Last November, the firm filed for the U.S. Securities Exchange Commission (SEC) approval of its XRP ETF , the 21Shares Core XRP Trust. JUST IN: 21Shares officially files for a spot $XRP ETF! pic.twitter.com/x1Kx4vI81h — Good Morning Crypto (@AbsGMCrypto) November 1, 2024 More recently, 21Shares submitted an updated registration for a Polkadot ETF and applied for Solana-tracking ETFs, adding to its existing Bitcoin and Ethereum offerings. U.S. Weighs Dogecoin ETF Proposal as Global Momentum Builds Interest in a U.S.-based Dogecoin ETF is heating up alongside the launch of the Dogecoin ETP in Europe. In February, the SEC acknowledged a Dogecoin ETF filing from NYSE Arca , an important step in the regulatory process toward potential approval. Several firms have also joined the race.For example, Rex Osprey and Bitwise have submitted their applications and more firms are expected to follow suit as the regulatory path becomes clearer. BREAKING: BITWISE FILES $DOGE ETF IN DELEWARE IT’S HAPPENING pic.twitter.com/xDXzhHZWDn — Bark (@barkmeta) January 22, 2025 The SEC must deliver a verdict within 200 days, creating a specific timeline for approval. As the timeline draws near, optimism is growing among investors and analysts, with the decentralized prediction platform Polymarket currently showing a 65% probability of approval. This rising confidence follows directly from the SEC’s approval of several spot Bitcoin ETFs in 2024. Despite growing demand, the SEC historically approaches meme coin-related products with increased caution. Technical Outlook: Can Dogecoin Break $0.30 Amid Rising Market Interest? Dogecoin now trades at $0.1448 per token. This shows a 16.34% drop over the past week. The current price falls well below its all-time high of $0.7376 from May 8, 2021, clearly demonstrating the extreme price swings that often characterize cryptocurrency markets and challenge traditional valuation models. DOGE has declined by 16.34% over the past seven days | Source: CoinMarketCap DOGE also lacks strong technical support for price growth. The RSI reads just 34.30. These neutral momentum readings reveal neither excessive buying nor selling pressure. Consequently, this suggests a period of consolidation or uncertainty before the next major price movement occurs. Meanwhile, the price sits below its 50-day average of $0.1921. Overall, Dogecoin is displaying bearish patterns. Specifically, the 50-day EMA helps traders gauge short-term trends, and DOGE’s position well below this important technical indicator confirms ongoing selling pressure that has persisted throughout recent trading sessions. Nonetheless, external factors might still push prices higher despite technical weakness. News drives crypto prices. Specifically, the growing market interest in Dogecoin-related products, such as the Dogecoin ETP, and the potential approval of a U.S Dogecoin ETF could provide a substantial boost. If the Dogecoin ETF receives approval, this could lead to an influx of institutional investment, which may increase demand for the asset. Such a development could trigger a short-term rally, propelling DOGE to higher levels. However, it is still unclear whether this surge would be sustainable or if it would fizzle out after an initial price spike. Frequently Asked Questions (FAQs) What are the potential tax implications for investors in the Dogecoin ETP? Every European nation approaches cryptocurrency differently. For example, Germany provides tax exemptions for investors who hold assets for more than a year. Meanwhile, France applies a flat 30% tax rate on all cryptocurrency gains, irrespective of the duration that investors maintain their positions. Could the Dogecoin ETP set a precedent for future meme coin ETFs in the U.S.? Yes, it creates a blueprint for others to follow. A successful Dogecoin ETP directly paves the way for additional products like Shiba Inu and other lesser-known meme coins, further diversifying the crypto space and making these culturally-driven digital assets more attractive to mainstream investors. How might the Dogecoin ETP compare in influence to Bitcoin and Ethereum ETPs? Unlike Bitcoin and Ethereum with their well-established financial ecosystems, Dogecoin’s cultural impact and meme status drive more dramatic price swings that specifically attract risk-tolerant investors seeking high-risk, high-reward opportunities in the cryptocurrency market. The post 21Shares Launches First Dogecoin ETP on SIX Swiss Exchange appeared first on Cryptonews .
United States securities laws are not flexible enough to account for digital assets, as evidenced by the parade of crypto-native companies that have tried and failed to get into the Securities and Exchange Commission’s (SEC) good graces, Rodrigo Seira, special counsel to Cooley LLP, told a House Committee hearing on April 9. The hearing, titled American Innovation and the Future of Digital Assets Aligning the U.S. Securities Laws for the Digital Age, featured Seira, WilmerHale partner Tiffany J. Smith, Polygon chief legal officer Jake Werrett and Alexandra Thorn, a senior director at the Center for American Progress. “It is clear that the current securities regulatory framework is not a viable option to regulate crypto. It fails to achieve its stated policy goals,” Seira said in his opening remarks. “[T]he idea that crypto projects can come in and register with the SEC is demonstrably false.” Cooley LLP special counsel Rodrigo Seira addresses the committee on April 9. Source: House Committee on Financial Services Seira acknowledged that crypto promoters who raise capital for a new enterprise should be subject to federal securities laws. “In practice, however, virtually no crypto projects have successfully registered their tokens under federal securities laws and lived to tell the tale,” he said, adding: Projects that tried to comply with [the] SEC’s current regulatory requirements expended significant resources and effort only to fail or survive in a state of regulatory uncertainty. Moreover, registration is not a simple one-time process. Registering a token in the same manner as a stock triggers an obligation to operate as a publicly reporting company .” Related: Crypto has a regulatory capture problem in Washington — or does it? Righting the ship In introducing the witnesses, Representative Bryan Steil, who heads the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, acknowledged regulatory roadblocks, which he said were put in place by the previous administration. Congressman Bryan Steil addresses the hearing on April 9. Source: House Committee on Financial Services Under President Donald Trump, lawmakers are attempting to right the ship by passing sensible legislation, said Steil. One of the first steps occurred last week when the House Financial Services Committee advanced the STABLE Act , which is designed to regulate payment stablecoins tied to the US dollar and other fiat currencies. Source: Financial Services GOP A month earlier, the Senate Banking Committee advanced the GENIUS Act , which aims to regulate stablecoin issuers by establishing reserve requirements and requiring full compliance with Anti-Money Laundering laws. The next step is “advancing the second half of this agenda: comprehensive digital asset market structure legislation,” said Steil. Representative Ro Khanna told a digital asset conference last month that a market structure bill will cross the finish line this year. The purpose of such legislation is to establish a clear regulatory framework for digital assets, including their legal categories and the enforcement jurisdiction of agencies such as the SEC and Commodity Futures Trading Commission. Magazine: Unstablecoins: Depegging, bank runs and other risks loom
Amidst global market volatility, Blockstream CEO Adam Back asserts that Bitcoin’s bullish trajectory is merely at its beginning. Back emphasizes Bitcoin’s resilience in the face of geopolitical upheavals and economic
Bitcoin offers a unique symbol of hope - and a way to get help directly to those suffering from one of the most devastating earthquakes in human history.
Bootstrapping decentralized finance (DeFi) on any blockchain usually requires a mix of builders with big ideas and funders to back them. That much is as true for baselayers as it is for the financial protocols launching atop them. Arch Labs, whose eponymous network is one of the many projects trying to bring DeFi to Bitcoin, had no trouble raising its $7 million launch capital from big-name venture firms last year. Now it's shifting focus to help fund those smaller protocols that could make the whole network boom. In that goal it has found a willing partner. An entire venture company, DPI Capital, is dedicating millions of dollars in resources toward backing early-stage DeFi projects that enter Arch's first accelerator program, called Keystone. "We're really focused on the pillars right now, the things that are most important for growth," said Brent Fisher, a general partner at Caymans Islands-registered DPI Capital . That means finding and funding compelling projects building borrow-and-lend protocols, decentralized exchanges, stablecoin platforms and real world asset (RWA) plays. It's not unheard of for venture firms to go big on a single protocol. Early Solana investor Multicoin Capital also backs many of the smaller ecosystem projects that drive activity on the blockchain. But even that giant diversifies beyond Solana. For example, it led last year's investment in Arch. DPI used to have a more diversified risk appetite as it chased deals across the Etheruem ecosystem. But not anymore. "I'm going all in on Arch," Fisher said. DPI's yet-to-close fund will be a quasi-official venture wing for early stage projects on Arch alone. Such myopic focus carries a lot of risk. First, that the "pillar" protocols DPI picks as leaders prove the theory. Second, and more importantly, that Arch itself will catch on. Fisher's more focused on the counterpoint: that Arch is the winning bet, and no strategy's better than betting on all its horses. "This has huge potential, potentially even to knock out on Ethereum," said Brent Fisher, general partner. His Arch bull case stems from Bitcoin's enduring status as the world's most valuable crypto asset. The crypto is nearly one trillion dollars more valuable than Ethereum despite lacking a strong internal DeFi ecosystem, which has long been the runner-up's claim to fame. Plenty of family offices, investment companies and increasingly exchange-traded funds hold BTC and do so without much concern for their inability to deploy those coins into low risk yield plays on the Bitcoin Network, as they might with ETH on Ethereum Network. "I think that that play is huge, because, as you see these ETFs with Black Rock and ARK and so forth, for them to even get a Delta neutral strategy of 10% is a game changer," Fisher said. Arch's Bitcoin-powered programmability layer allows for such activity, Fisher said. They're not the only network with this kind of vision, but Fisher says it's the only one with a "true native self custody model" instead of some sort of bridging or wrapping mechanism. Keeping bitcoin on the network eliminates a level of risk, he said. Arch's Keystone accelerator is thus a natural pipeline for DPI to get a right-of-first refusal look at many of the teams angling to launch their BitcoinFi tech on the platform. DPI will write checks of up to $250,000 for the teams it likes and then help them find other investors and scale.
The European Union said it is implementing retaliatory tariffs on $20.9 billion worth of U.S. goods in three phases in response to President Donald Trump’s steel and aluminum import taxes. The EU’s delayed response is due to the need for unanimous approval from its 27 member states. However, the EU stated that the tariffs could