Today in crypto, Circle’s chief strategy officer and head of global policy, Dante Disparte, denied reports that the company is seeking a US federal bank charter, ARK Invest has said Bitcoin could hit a top of $2.4 million by 2030, and the CME Group said it plans to launch XRP futures contracts. Circle executive denies claims of seeking US banking license An executive at major stablecoin issuer Circle denied reports that the company is looking to obtain a US federal bank charter . In an April 25 X post, Circle’s chief strategy officer and head of global policy, Dante Disparte, denied that the company is interested in obtaining a US federal bank charter or acquiring an insured depository institution. Instead, he said that Circle intends to comply with future US regulatory requirements for payment stablecoins, “which may require registering for a federal or state trust charter or other nonbank license.” He also urged lawmakers to reach regulatory clarity for stablecoins sooner rather than later. Source: Dante Disparte The statement followed recent reports that major cryptocurrency firms, including stablecoin issuer Circle and crypto custodian BitGo, were considering applying for bank charters or licenses. Other firms cited as seeking such licenses included publicly traded US-based crypto exchange Coinbase and stablecoin issuer Paxos. ARK Invest ups its 2030 Bitcoin bull case prediction to $2.4 million Cathie Wood’s ARK Invest has raised its “bull case” Bitcoin ( BTC ) price target from $1.5 million to $2.4 million by the end of 2030 , citing increased institutional investor interest and Bitcoin’s increasing acceptance as “digital gold.” It also bumped its “bear” and “base” case scenarios for Bitcoin to $500,000 and $1.2 million, up from the $300,000 and $710,000 respective predictions it made in February. “Institutional investment contributes the most to our bull case,” said ARK research analyst David Puell, who estimated that Bitcoin would achieve a 6.5% penetration rate into the $200 trillion financial market in a best-case scenario (that figure excludes gold). ARK’s bear, base and bull case price targets for Bitcoin by Dec. 31, 2030. Source: ARK Invest Bitcoin’s acceptance as “digital gold” was also a major contributor to the lofty estimate, with Puell estimating that it could capture up to 60% of gold’s market cap by the end of 2030 in a bull scenario. At $2.4 million per Bitcoin, the cryptocurrency’s market cap would be $49.2 trillion, assuming that Bitcoin’s total supply will have reached 20.5 million by the end of 2030, making it more valuable than the current gross domestic products of the US and China combined. Chicago Mercantile Exchange Group to launch XRP futures The Chicago Mercantile Exchange (CME) Group, which operates the largest financial derivatives exchanges worldwide, announced that XRP futures contracts will go live on May 19. According to the April 24 announcement , investors have the option of choosing between micro-sized contracts, featuring 2,500 XRP, or standard contract sizes of 50,000 XRP. All XRP futures contracts will be cash-settled. In January 2025, the CME Group signaled an impending launch of XRP futures before quietly pulling the related page from its website. CME’s announcement is the latest in a growing wave of crypto-focused financial products entering the market or awaiting regulatory approval in the US, a sign that cryptocurrencies have reached a new level of institutional acceptance. There are now more than 70 crypto ETF applications waiting to be reviewed by the SEC, according to Bloomberg ETF analyst Eric Balchunas.
Around $280M of the total of $1.4B lost in the ByBit hack on February 21, 2025, has now become untraceable, reiterating the importance of non-custodial storage options like Best Wallet. Lessons from the Biggest Crypto Theft in History ByBit’s co-founder and CEO, Ben Zhou, was the first to inform the public of the initial breach in an X post . The hack went on to become the largest cryptocurrency exchange theft in history, with approximately $1.48 billion worth of mostly Ethereum stolen. However, Bybit assured its users that their assets were secure and that the exchange was still solvent despite the breach. ByBit continued to detail the entire timeline of the incident , keeping track of the compromised wallets and the assets on the move. But then the assets started ‘going dark.’ Where Did the Money Go? The hackers, believed to be the North Korean Lazarus Group have already managed to launder over 20% of the over 400k $ETH they got away with. This appears to have been achieved using decentralized exchanges like THORChain to rapidly swap Ethereum for Bitcoin and disperse it across thousands of wallets to obfuscate their trail. That’s roughly $280M that’s lost for good. Fortunately, most of the stolen $ETH is still traceable, for now. Jumping on that glimmer of hope, ByBit has started an enhanced Bug Bounty program, calling on ‘the brightest minds in cybersecurity and crypto analytics’ to track and recover the stolen funds. They’re putting up $140M or 10% of the bounty as a reward. If nothing else, the incident highlights the inherent risk of using custodial platforms like ByBit. Are Non-Custodial Wallets Safer Than Custodial Ones? BYBit wallets are custodial. That means Bybit holds and manages users’ private keys and funds rather than the users holding their private keys themselves, as in non-custodial wallets. As such, you’re relying on Bybit for security and safeguarding your assets. While the exchange’s insurance and compensation policies intend to cover the loss of funds, the breach of trust and the potential vulnerability of holding assets on a custodial platform have become more apparent than ever. The moral of the story is, even the top global custodians can sometimes lose to the cybercriminal underworld. This means one thing: you have to look after your own crypto, and a non-custodial wallet like Best Wallet may be the only way to go. Best Wallet ($BEST) – Tighter Security and Lower Fees A top non-custodial hot wallet , Best Wallet, gives you the keys to your own crypto castle. If ByBit users had kept their crypto in a non-custodial wallet like Best Wallet , they wouldn’t have been at risk of losing their funds due to the exchange’s hack. Even if an exchange is compromised, assets stored in non-custodial wallets remain secure because the exchange doesn’t have the essential private keys. Best Wallet’s security features also include passcode, 2FA, biometric security, and Fireblock MPC’s top security protocols. The platform offers seamless cross-chain swaps and multi-chain support for protocols like Ethereum, Bitcoin, BNB, Polygon, and 50 others to come. Active traders on Best Wallet should also check out the $BEST presale , which currently ranks as one of the best presales in the crypto space, accumulating over $11.8M so far. $BEST currently sits at $0.02485 and is guaranteed to increase during the presale phase and, most likely, post-launch. The dynamic staking offers an APY of 127%, which drops as more stakers join the pool. So, joining now may benefit your ROI. Important note: $BEST holders get a variety of exclusive benefits, including lower fees, governance rights, influencing the project’s direction, and exclusive access to early features and the best presales for 2025. If you want to join the presale, check out our ‘ how to buy $BEST ’ guide. Just keep in mind that this isn’t financial advice. The crypto market is volatile, and there are no guarantees. Always DYOR (Do Your Own Research) before investing.
As the Russian government is considering a ban on cash-to-cryptocurrency transactions, some major local crypto exchange platforms have experienced 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, Mosca’s development head Dmitry Titarenko 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. The Mosca office raid followed online reports linking several arrests of some Mosca customers to a crypto robbery involving a victim reportedly giving fraudsters a massive cash deposit worth millions of dollars. Cash-to-crypto ban to protect investors? The police raid on Mosca 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 said, adding that phone scammers were “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 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 about 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, was unaware whether Serova’s incident was connected to its office raid, Titarenko said. “Maybe it was another client,” he said, adding that the raid was the first criminal-case-related office raid at Mosca in the past three months. Titarenko also said 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 approves 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
In crypto news today: Crypto market is green today Binance Launches Fund Accounts PancakeSwap Sees Record Quarter with $205.3B in Trading Volumes HTX Launches TRX ETF-Themed Promotions with $150,000 in Rewards __________ Crypto market is green today The market is back to green. Over the past 24 hours, the global cryptocurrency market capitalization has increased by 0.5%, currently standing at $3.06 trillion. At the time of writing, the daily crypto trading volume is $104 billion. Only three of the top 100 coins per market cap are red today. Tokenize Xchange (TKX) is down 3% to $31.24. TRON (TRX) and XDC Network (XDC) are down 0.7% and 0.5% to $0.2426 and $0.07422. On the other side, the day’s best performer is Sui (SUI) , which increased 23.3% to the price of $3.66. Stacks (STX) follows with a rise of 16.4% to $0.8878. Looking at the top 10 coins category, we find only Tron red. The rest have risen between 1% and 5.2%. Dogecoin (DOGE) saw the highest increase of 5.2%, now trading at $0.1821. It’s followed by Cardano (ADA)’s 4.6% to $0.7174. At the same time, Bitcoin (BTC) and Ethereum (ETH) increased by 2% each, now changing hands at $94,203 and $1,785, respectively. Binance Launches Fund Accounts Crypto exchange Binance has launched Fund Accounts , which it describes as “the first digital asset exchange technological solution for fund managers to facilitate pooling of their investors’ assets.” This approach is designed to streamline fund management operations and boost trading efficiency, the press release says . Fund managers trading on crypto exchanges previously had to manage every investor’s assets separately in segregated trading accounts. Binance launches industry-first tech solution for fund managers. A solution designed to enable fund managers to pool investor assets based on specific trading strategies. Read more https://t.co/e1ZDnELNVi pic.twitter.com/HOncL91D49 — Binance (@binance) April 24, 2025 However, Fund Accounts has a plug-and-play account infrastructure that allows flexibility and efficiency. The solution mirrors the account infrastructure available in traditional finance. They enable fund managers to consolidate externally-raised investor funds into one or more omnibus Fund Accounts based on preferred trading strategies. Furthermore, Fund Accounts introduce a universal net asset value (NAV) per unit concept, which is commonly used in TradFi to provide a clear and trackable profit-and-loss (PnL) for each fund. This will help it “address the lack of a common market standard in crypto asset management.” According to Catherine Chen, Head of Binance VIP and Institutional, fund managers want efficient, scalable solutions to adapt their strategies to the evolving crypto landscape. Therefore, Binance Fund Accounts enables them to streamline investment management and, instead, focus on strategy execution and efficient capital deployment. You might also like Binance Wins Motion to Transfer Money Laundering Case to Florida Court PancakeSwap Sees Record Quarter with $205.3B in Trading Volumes Multi-chain decentralized exchange (DEX) PancakeSwap has recorded its strongest quarter since inception, with an all-time high of $205.3 billion in trading volume in Q1 2025. According to the press release, “since its inception in 2020, PancakeSwap has grown from an AMM on BNB Chain into a full-fledged DeFi powerhouse, operating across multiple chains.” According to data from Dune Analytics , Q1 2025 also saw 5.83 million unique traders, marking the highest quarter since Q4 2021. These figures represent a significant leap in adoption and usage across the board, the team argues. PancakeSwap just recorded its best quarter since inception with $205.3B in trading volume in Q1 2025! Since Q1 2023: Volume up 921% Users up 81% Transactions up 159% Non-stop growth across every key metric. DeFi isn’t slowing down Source https://t.co/tIR52RPguW pic.twitter.com/zIC88pxQPC — PancakeSwap (@PancakeSwap) April 24, 2025 Furthermore, the quarterly trading volume rose from $20.1 billion in Q1 2023 to $205.3 billion in Q1 2025, which is a 922% increase. The number of unique traders grew from 3.2 million in Q1 2023 to 5.8 million in Q1 2025, an increase of 81%. Additionally, transaction count surged from 44.1 million in Q1 2023 to 114.4 million in Q1 2025, representing 159% growth. Also, PancakeSwap was a top DEX on BNB Chain , Base , Arbitrum , and Ethereum , with $1.14 trillion, $21.10 billion, $20.28 billion, and $20 billion cumulative trading volumes, respectively. It launched key upgrades in PancakeSwap v3, with PancakeSwap Infinity coming soon, the team says. You might also like PancakeSwap Reveals No-Code Token Launchpad Platform ‘SpringBoard’ HTX Launches TRX ETF-Themed Promotions with $150,000 in Rewards Crypto exchange HTX has launched a limited-time ‘TRX Trading Carnival’ campaign on 24 April. It will last until 4 May and feature exclusive events across spot and futures markets. According to the press release, users and their referred friends have the opportunity to share in a 150,000 USDT prize pool by trading Tron (TRX) and other specified cryptocurrencies. $TRX ETF Filing Celebration! $150,000 Prize Pool Up for Grabs! Trade TRX, SUN, JST, WIN, BTT, & SUNDOG Mine the Future. Stack the Gains! Which one are you trading? Start https://t.co/vsqL5LHECD pic.twitter.com/IgajaO3cs6 — HTX (@HTX_Global) April 25, 2025 HTX that the promotion is a form of celebration following the submission of an S-1 filing by Canary Capital to the US Securities and Exchange Commission ( SEC ) for a proposed Canary Staked TRX . There are eight events users can participate in. Each day, the first 5,000 new users who sign up on HTX will receive a 10 TRX airdrop. Completing any amount of spot trading will unlock an additional 10 TRX bonus, the team says. As for the last event, spot traders who have been inactive for over 30 days and resume trading with ≥10 USDT will be eligible for a lucky draw. Top prizes include 800 USDT and 5,000 TRX. You might also like HTX Reveals 2025 Goals for Expansion and AI Integration in Livestream __________ Bookmark this page and subscribe to our newsletter for the latest crypto news updates! The post What’s Happening in Crypto Today? Daily Crypto News Digest appeared first on Cryptonews .
OKX CEO Star Xu declared that the crypto exchange is preparing to launch a new product called Pay Wallet next week to boost broader crypto adoption. In a recent post , the crypto exchange’s CEO revealed screenshots of the firm’s latest product that will be unveiled next week. Xu said the purpose of the new product would be to drive crypto adoption forward and get more new users onboard. We will launch OKX Pay Wallet next week. It’s a road to billion users crypto adoption! Looking forward to try it! @okx @wallet pic.twitter.com/zRpa1XzHqC — Star (@star_okx) April 25, 2025 “We will launch OKX Pay Wallet next week. It’s a road to billion users crypto adoption! Looking forward to try it!” said Xu. Xu’s announcement also garnered positive responses from crypto industry figureheads like Tron ( TRX ) founder Justin Sun and Tether ( USDT ) CEO Paolo Ardoino. The Pay Wallet is designed to be a new type of private keyless wallet. The application will come equipped with a card and require users to input Know-Your-Customer verification. Not only that, the new keyless wallet will also be integrated into the platform’s Ethereum ( ETH ) Layer2 network, X Layer. Based on the screenshots shared by Xu, the Pay Wallet will focus on enabling USDC ( USDC ) and USDT stablecoin payments, combining it with DeFi to provide returns. The app also provides users with a chat feature that enables them to confirm whether payments are received. You might also like: OKX hit with $1.2m fine from Maltese authorities for breaching AML rules: report The keyless wallet appears to be a separate feature to the already existing OKX Wallet app, which was released earlier this year on the App Store and Google Play. “OKX Wallet allows you to store, trade, earn, and manage your crypto and your NFTs across 100+ blockchains – all in one simple solution,” said the crypto exchange in the official description. Last March, the firm’s web3 product manager Kyle Chen admitted that they had accidentally revealed details about the OKX wallet app too early. It was only after the post was shared that he realized the app was only available in select regions and could only be found on Google Play. Read more: OKX developer spills details about OKX Wallet app ‘too early’
Czy kiedykolwiek chciałeś spróbować kopiowania transakcji, ale wahałeś się, czy podjąć decyzję? Teraz jest idealny czas, aby zacząć. Dzięki ekskluzywnej ofercie początkujący traderzy mogą teraz cieszyć się wolnym od ryzyka doświadczeniem w handlu z kopiowaniem strategii odnoszącej sukcesy. Dzięki szczególnej promocji zatrzymujesz wszystkie zyski, a Bingx pokrywa wszelkie straty. Przejdźmy do szczegółów! Na czym polega oferta Bingx? Jest to ekskluzywne wydarzenie dla zaproszonych użytkowników, którzy są nowicjuszami w copy tradingu – dla osób, które nigdy wcześniej tego nie próbowały. Koncepcja jest prosta i zaprojektowana tak, aby obniżyć bariery dla tych, którzy dopiero zaczynają handlować. Promocja jest bardzo atrakcyjna. Poniżej przedstawiamy jej szczegóły. 1. Doświadczenie w copy tradingu bez ryzyka W tym przypadku, jeśli Twoja pierwsza transakcja kopiowania będzie stratna, nie musisz się martwić. Otrzymasz do 10 USDT dotacji na pokrycie wszelkich strat. BingX zapewnia ochronę, dzięki, której możesz więc zatrzymać wszystkie zyski ze swoich transakcji, a jeśli sprawy nie pójdą zgodnie z planem, Twoje straty zostaną pokryte. To świetny sposób na rozpoczęcie przygody z handlem przy minimalnym ryzyku! 2. Bardzo niski próg dla początkujących Rozpoczęcie doświadczenia w handlu kopiującym dobre strategie innych traderów nigdy nie było łatwiejsze ani bardziej dostępne. Przy minimalnej inwestycji wynoszącej zaledwie 10 USDT, możesz dołączyć do wydarzenia i wypróbować copy trading. Ten niski próg wejścia jest idealny dla początkujących, dzięki czemu można eksperymentować i uczyć się bez angażowania z góry dużych kwot kapitału. 3. Natychmiastowy dostęp do nagród Po rozpoczęciu handlu kopiowania nagrody zostaną przelane na Twoje konto. Bez skomplikowanych kroków lub długich okresów oczekiwania. Wystarczy kilka kliknięć, a system zasili Twoje konto nagrodą, dzięki czemu możesz od razu rozpocząć podróż bez ryzyka. Dlaczego warto kopiować transakcje? Dla tych, którzy nie wiedzą, na czym polega kopiowanie transakcji, jest to metoda uczenia się i naśladowania tego jak inwestują bardziej doświadczeni traderzy. To świetny sposób na poznanie tajników handlu, profesjonaliści wykonują ciężką pracę, a my mamy dostęp do jej rezultatów i możemy wykonywać podobne ruchy. Niezależnie od tego, czy dopiero rozpoczynasz i uczysz się handlu kryptowalutami, czy też chcesz zdywersyfikować swoją strategię inwestycyjną, kopiowanie transakcji jest inteligentnym i łatwym rozwiązaniem. Korzyści z Copy Trading: Uczysz się, zarabiając: Kopiuj strategie skutecznych traderów i zacznij osiągać zyski, nie będąc ekspertem. Oszczędzaj czas: Nie musisz spędzać godzin na badaniu lub monitorowaniu rynków. Pozwól innym zrobić to za Ciebie. Dywersyfikacja: Kopiując wielu traderów, możesz rozłożyć swoje inwestycje i zmniejszyć ryzyko. Odbierz kupon na $10 — Jak dołączyć do promocji BingX? Rozpoczęcie copy tradingu jest bardzo proste. Przedstawiamy kilka prostych kroków jak dołączyć do profesjonalistów i osiągać zyski: Zarejestruj się za pośrednictwem linku do wydarzenia: BingX Copy Trading Event . Zainwestuj ≥10 USDT w swoją pierwszą transakcję kopiowania. Zacznij kopiować transakcje od doświadczonych traderów. Ciesz się nagrodami – zyski są Twoje, a jeśli Twoja transakcja przegra, do 10 USDT zostanie przelane na Twoje konto jako dotacja. Promocja jest ograniczona czasowo. To wydarzenie dla tych, którzy nigdy wcześniej nie próbowali kopiować transakcji, więc nie przegap! Podsumowanie: Dlaczego warto skorzystać z oferty BingX? Ta pozbawiona ryzyka okazja jest idealna dla nowych traderów, którzy chcą się uczyć bez ryzykowania swoich pieniędzy. Dzięki niskiemu progowi, natychmiastowym nagrodom i pokryciu strat, rozpoczęcie handlu przy pomocy kopiowania nigdy nie było łatwiejsze. Niezależnie od tego, czy chcesz osiągnąć dodatkowy zysk, nauczyć się nowych strategii handlowych, czy po prostu spróbować swoich sił, jest to Twoja szansa na zrobienie tego przy minimalnym ryzyku. Zarejestruj się już teraz i skorzystaj z tego ekskluzywnego wydarzenia. Dołącz do wydarzenia Bingx już teraz!
OKX, a prominent cryptocurrency exchange, announced the upcoming launch of its OKX Pay Wallet next week. The new wallet is designed as a private keyless solution requiring Know Your Customer (KYC) verification and will be integrated with OKX's Ethereum Layer 2 platform. This launch aims to facilitate broader cryptocurrency adoption by targeting up to one billion users. The OKX Pay Wallet will include a card feature, potentially enabling daily transactions using stablecoins such as USDT. The product is part of OKX's broader strategic focus on regulatory compliance and payment finance (PayFi), reflecting its ongoing investments in user experience, research, and development. OKX has recently enhanced its platform with UI upgrades and expanded access, including availability on the US App Store for both its exchange and wallet applications. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Tether , the company behind USDT USDT, has raised its stake in Juventus Football Club to more than 10% of the total issued shares.
Leading stablecoin issuer Tether significantly increased its stake in Juventus Football Club on April 15, 2025, now holding more than 10.12% of shares and 6.18% of voting rights. Tether Backs Juventus’ Future Prospects and Growth Potential Tether Investments, S.A. de C.V., a key member of the Tether Group, has significantly increased its ownership stake in
In a recent discussion, Saifedean Ammous, author of ‘The Bitcoin Standard’, alleviated concerns regarding Bitcoin hoarding and its implications for market stability. Ammous emphasized that major institutional players like BlackRock