The FDIC has thrown open the gates to crypto innovation, scrapping key barriers and embracing blockchain with a push for regulatory clarity. FDIC Shifts Crypto Rules, Sets the Stage for Digital Asset Banking Boom Acting Chairman Travis Hill used his address at the American Bankers Association’s Washington Summit on April 8 to lay out the
The U.S. Securities and Exchange Commission (SEC) has officially dismissed its lawsuit against Nova Labs, the team behind the decentralized wireless network Helium, over allegations that it issued unregistered securities. The news was announced by Helium in a blog post published on April 10 . Originally filed in January 2025, the lawsuit targeted Nova Labs for allegedly violating federal securities laws through the 2019 issuance of its native token, Helium (HNT). Helium Case Marked One of SEC’s Final Moves Under Gensler Before Trump Era Shift The case was among the SEC’s final enforcement actions under former Chair Gary Gensler, who resigned on January 20 following the inauguration of President Donald Trump. The case was dismissed with prejudice, meaning the SEC cannot bring similar charges against Nova Labs in the future related to the same conduct. “We can now definitively say that all compatible Helium Hotspots and the distribution of HNT, IOT, and MOBILE tokens through the Helium Network are not securities,” the company wrote. The blog post added that the decision sets a precedent: distributing tokens to support network infrastructure doesn’t automatically classify them as securities under SEC rules. The dismissal coincided with the formal appointment of Paul Atkins , a Trump nominee, as the new SEC Chair. His leadership signals a shift in the agency’s stance toward crypto enforcement, which had been aggressive under Gensler’s tenure. we learned today that the SEC has agreed to dismiss its unregistered securities claims against Nova Labs. as a result, we can now resolve what might well be the shortest-lived SEC litigation on record. after suing us about three months ago in a bizarre last-minute… pic.twitter.com/n518jstumD — amir (@amirhaleem) April 10, 2025 Helium, which allows users to build decentralized wireless networks using blockchain technology, claims to have around 375,000 active hotspots. While HNT’s market capitalization currently stands at approximately $480 million, it once peaked above $5 billion in late 2021, according to CoinGecko. Since President Trump took office, the SEC has backed away from several high-profile enforcement actions against crypto firms, including Coinbase, Ripple, Kraken, and Uniswap. Trump has presented himself as pro-crypto, pledging to make the U.S. a global leader in digital assets and pushing for initiatives like the creation of a national Bitcoin reserve. Trump-Era Shift Signals SEC Reassessment of Crypto Regulation The SEC’s recent shift in tone under President Donald Trump reflects a broader effort to reevaluate the agency’s approach to digital assets. SEC’s Mark Uyeda announced on April 5 that, in line with Trump’s deregulation agenda and guidance from the Department of Government Efficiency (DOGE) led by Elon Musk, the SEC is reviewing seven staff-issued statements—five of which concern cryptocurrencies. Statement from Acting Chairman Mark Uyeda: Pursuant to Executive Order 14192, Unleashing Prosperity Through Deregulation, together with recommendations from DOGE, I have requested Securities and Exchange Commission staff promptly to review the following staff statements. — U.S. Securities and Exchange Commission (@SECGov) April 5, 2025 Among those under review is a 2019 framework from the SEC’s FinHub that assessed when digital asset sales could qualify as investment contracts under the Howey test. Other documents being reconsidered include statements from the Divisions of Investment Management, Corporation Finance, and Examinations, particularly those addressing risks tied to Bitcoin futures, crypto custody, and industry-wide bankruptcies during 2022. As reported, the SEC announced new guidelines on April 4 , stating that certain fiat-backed stablecoins will be classified as “non-securities,” thereby exempting them from transaction reporting requirements. The post SEC Drops Lawsuit Against Helium Developer Over Unregistered Securities Claims appeared first on Cryptonews .
According to a recent market analysis reported by Cointelegraph on April 10th, analysts from CryptoQuant have identified critical resistance levels for Bitcoin (BTC). They project that should Bitcoin maintain its
XRP price started a fresh increase above the $1.950 resistance. The price is now consolidating and must settle above $2.00 for more gains. XRP price started a fresh increase above the $1.880 and $1.950 levels. The price is now trading above $1.920 and the 100-hourly Simple Moving Average. There was a break above a short-term bearish trend line with resistance at $1.9750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might extend gains if there is a close above the $2.00 resistance zone. XRP Price Eyes Fresh Gains XRP price managed to stay above the $1.780 support zone and started a fresh increase, like Bitcoin and Ethereum . The price climbed above the $1.880 and $1.950 resistance levels. A high was formed at $2.089 and the price recently started a downside correction. There was a move below the $2.00 support zone. The price dipped below the 23.6% Fib retracement level of the upward move from the $1.7210 swing low to the $2.0895 high. However, the bulls were active near the $1.920 support. The price is now trading above $1.950 and the 100-hourly Simple Moving Average. Recently, there was a break above a short-term bearish trend line with resistance at $1.9750 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.00 level. The first major resistance is near the $2.050 level. The next resistance is $2.0750. A clear move above the $2.0750 resistance might send the price toward the $2.120 resistance. Any more gains might send the price toward the $2.150 resistance or even $2.20 in the near term. The next major hurdle for the bulls might be $2.320. Another Decline? If XRP fails to clear the $2.00 resistance zone, it could start another decline. Initial support on the downside is near the $1.950 level. The next major support is near the $1.920 level. If there is a downside break and a close below the $1.920 level, the price might continue to decline toward the $1.90 support and the 50% Fib retracement level of the upward move from the $1.7210 swing low to the $2.0895 high. The next major support sits near the $1.850 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.950 and $1.90. Major Resistance Levels – $2.00 and $2.0750.
As the cryptocurrency market evolves, Ethereum (ETH) , Solana (SOL) , and Bitcoin (BTC) are projected to assert dominance in 2025. Analysts attribute this to technological advancements, increased adoption, and favorable market dynamics. PRE-SALE SELLING OUT – CLICK HERE TO SECURE A SPOT NOW Current Market Performance As of April 10, 2025 , the market reflects the following prices: Ethereum (ETH) : Trading at $1,589.10 , with an intraday high of $1,679.83 and a low of $1,444.64. Solana (SOL) : Priced at $113.72 , experiencing an intraday high of $120.17 and a low of $102.62. Bitcoin (BTC) : Valued at $81,663.00 , reaching an intraday high of $83,424.00 and a low of $75,894.00. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH MAGA50X MAGACOINFINANCE: A New Entrant with Potential While established cryptocurrencies continue to dominate, emerging projects like MAGACOINFINANCE are capturing investor interest. MAGACOINFINANCE is capturing attention fast and changing the crypto game. With a current price of $0.0002804 , the upside to $0.007 is crystal clear. Over 10,000 investors have seen the opportunity and acted. This is the moment—MAGACOINFINANCE is setting the pace. JOIN 10,000+ INVESTORS-CLICK HERE TO SECURE A SPOT NOW Additional Considerations: ADA, BCH, and LINK Other cryptocurrencies also present noteworthy opportunities: Cardano (ADA) : Trading at $0.619265 , with an intraday high of $0.643361 and a low of $0.556659. Bitcoin Cash (BCH) : Priced at $293.43 , experiencing an intraday high of $310.15 and a low of $267.86. Chainlink (LINK) : Valued at $12.33 , reaching an intraday high of $12.79 and a low of $11.09. While these assets show potential, they currently lack the momentum observed in Ethereum, Solana, and Bitcoin. Conclusion Ethereum, Solana, and Bitcoin are poised to lead the cryptocurrency market in 2025, driven by technological advancements and increased adoption. Emerging projects like MAGACOINFINANCE offer additional opportunities for diversification. Investors should conduct thorough research and consider market dynamics when making decisions. Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: 2025 Predictions: Ethereum, Solana, and BTC Set to Dominate
Assessing DOGE recovery prospects as ETF race heats up.
New York Attorney General Letitia James has sent a letter to US congressional leaders urging “common sense” federal crypto regulations and to keep digital assets out of US pensions. “I am urging Congress to pass legislation that would strengthen federal regulations on the cryptocurrency industry to protect investors, strengthen financial markets, and stop fraud,” James said in a 14-page letter shared on April 10, outlining six major risks if the sector remains unregulated. She said that without appropriate safeguards, the “unchecked proliferation of digital assets” undermines US dollar dominance, weakens national security due to criminal activity, and “undermines the stability of financial markets.” Unregulated crypto also subjects investors to “price manipulation and rigged markets,” facilitates fraud that “drains billions of dollars from hardworking Americans, and extracts assets and investments from the American economy,” she said. An excerpt of James’ letter to Congress. Source: Office of the New York State Attorney General James made a number of recommendations and pushed Congress for legislation that would require stablecoin issuers to have a US presence and regulatory oversight and mandate backing stablecoins with US dollars or treasuries. She also wants regulations that require platforms to work only with anti-money laundering-compliant entities, establish registration requirements for issuers and intermediaries, protect against conflicts of interest and promote price transparency and require fraud prevention measures. No crypto assets in pension funds The New York’s top lawyer also aired her concerns about including crypto in pension funds. “Digital assets are uniquely unsuitable for retirement savings due to their high volatility,” she said, claiming that they have no value. “The underlying value of cryptocurrency is unpredictable and not determined by true price discovery because they have no intrinsic value on which their prices are based.” James also urged against retirement funds investing in crypto-tracking exchange-traded funds, stating that “unlike traditional exchange-traded funds backed by stocks and bonds, cryptocurrency held to back cryptocurrency ETFs are at risk of permanent theft.” Related: US lawmaker will reintroduce crypto retirement bill to help Trump agenda “As Congress takes the mantle to propose legislation governing the cryptocurrency industry, we hope it also takes action to mitigate the risks posed by the industry to America’s national security, financial stability, and citizens,” James said. The call for regulation follows the US Department of Justice’s reported dismantling of its federal criminal cryptocurrency fraud enforcement division. Magazine: 3 reasons Ethereum could turn a corner: Kain Warwick, X Hall of Flame
Bitcoin is at a critical juncture, facing potential resistance at $84,000, which could set the stage for a significant price move, according to recent analysis from CryptoQuant. Moreover, if Bitcoin
Bitcoin could hover in the low $80,000s in the near term if it fails to break through its next resistance level, CryptoQuant says, while other analysts predict the cryptocurrency will hit a fresh all-time high within the next two months. CryptoQuant analysts said in an April 10 markets report that if Bitcoin ( BTC ) “continues to rally,” it could hit resistance around the $84,000 price level, but if it breaks through, it could soar before its next resistance level of $96,000. Bitcoin’s previous support levels are now resistance “These price levels have acted as price support during this bull cycle but can now act as price resistance if bullish conditions don’t continue to improve,” CryptoQuant said in its report. “This has been the case in past bearish cycles.” Bitcoin was trading at $79,474 at the time of publication, down 3.5% over the past day, according to CoinMarketCap data. Bitcoin is down 2.24% over the past 30 days. Source: CoinMarketCap April has been a volatile month for Bitcoin. US President Donald Trump ramped up global tariffs on April 2, which triggered fear in financial markets, before later abruptly pausing them for 90 days and softening the bearish momentum. Bitcoin briefly rose above $85,000 on April 1, but it pulled back to around $76,000 by April 8 due to uncertainty surrounding Trump’s tariff plans. CryptoQuant said prices recovered “most of the lost ground” on April 9, after Trump announced the 90-day pause on tariffs to all countries except China, which have now been ramped up to 145%. Bitcoin may first find resistance at $84,000 and then at the $96,000 area. Source: CryptoQuant After Trump’s tariff pause announcement on April 9, both the crypto and broader financial markets saw a wider surge. Bitcoin surged by approximately 9%, reversing most of the losses it incurred earlier in the week, to retest $83,000. Meanwhile, the S&P 500, which tracks the 500 largest public US companies , closed 9.52% higher, its third-largest single-day gain since World War II. The Nasdaq 100 posted a 12.02% gain over the trading day. Abra Global CEO Bill Barhydt said in an April 10 X post that it may only be a matter of months before Bitcoin sees its price go almost 29% above its $109,000 all-time high set in January. “Bitcoin is a levered bet on tech stocks, and all of it is going up and to the right,” Barhydt said, adding that Bitcoin may go as high as $130,000 to $140,000 by late June. Related: Bitcoin ‘significantly de-risked here’ as nearly 80% of cyclical price correction is done — Analyst He pointed to the “very significant increase in global money supply” as the reasoning behind his claim that Bitcoin could reach significantly higher levels by “midsummer at the latest.” It echoes a similar sentiment to Real Vision chief crypto analyst Jamie Coutts, who told Cointelegraph last month that “the market may be underestimating how quickly Bitcoin could surge — potentially hitting new all-time highs before Q2 is out.” However, according to CryptoQuant’s Bull Score Index, Bitcoin has been in one of its least bullish phases since November 2022. CryptoQuant said that of the ten bull signals it tracks in its Bull Score Index, only one is still active, with Bitcoin trading above its 365-day moving average. It said the market needs to wait and see if the bull signals “switch back on” in the coming weeks following Trump’s recent decision to pause his tariffs. Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Fartcoin has surged impressively, achieving over 104% growth in April, diverging from broader market trends amid significant fluctuations influenced by global events. Despite inconsistent policy announcements from the U.S. administration