Mantle has launched the Mantle Index Four Fund or MI4, a new institutional-grade digital asset index fund with Securitize as its tokenization partner. According to a press release shared with crypto.news, the fund aims to offer institutional investors a crypto product featuring native yield generation within a familiar traditional fund structure. The initial rollout is scheduled for the second quarter of 2025. After receiving approval from the Mantle DAO earlier this year, the Mantle ( MNT ) Treasury has pledged $400 million as the MI4’s initial investment. The protocol has also tapped real-world asset tokenization platform Securitize as the fund’s official tokenization partner. MI4 seeks to bridge the gap between traditional finance and decentralized finance by combining regulated fund structures with decentralized yield strategies. The fund gives institutional investors exposure to major digital assets without requiring them to select individual tokens or manage self-custody. The assets offered through MI4 include Bitcoin ( BTC ), Ethereum ( ETH ), Solana ( SOL ) and USD stablecoins or synthetic dollars. The fund also features integrated risk management, quarterly rebalancing, and yield optimization strategies. These include staking products such as Mantle’s mETH, Bybit’s bbSOL, and Ethena’s sUSDe. The goal is to provide yield generation while remaining compliant with regulatory standards and investor protection rules. You might also like: Mantle gears up for major ecosystem updates in Q2 this year – can MNT price reverse to the upside? With Securitize as the fund’s tokenization partner, investors can tokenize their fund interests which can then be moved on-chain to the Mantle Network . These tokenized interests can be transferred under private placement regulations and MI4’s transfer provisions. Additionally, the tokenized shares may be used as collateral on supported exchanges, enhancing liquidity and utility. Timothy Chen, Global Head of Strategy at Mantle, highlighted MI4 as a step toward making Mantle a benchmark in crypto fund offerings: “Our basket of the major crypto currencies aims to capture all capital on chain looking for smart beta with income and is a set-it-and-forget-it solution for institutions without the complexities of direct custody,” said Chen. Co-Founder and CEO of Securitize, Carlos Domingo, expressed optimism regarding the launch of MI4. He explained that through Securitize’s platform, investors will be able to achieve real-time liquidity , use fund shares as collateral and take advantage of on-chain interoperability . “That level of flexibility, combined with the attractive yields and institutional-grade structure, creates a product that mirrors the best of traditional finance while delivering the full potential of tokenized securities,” said Domingo. You might also like: Exclusive with 1inch co-founder: Are DEX aggregators the future of DeFi?
Leading South Korean crypto exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) following a cautionary alert issued by the Digital Asset Exchange Alliance (DAXA). DAXA, a self-regulatory body responsible for setting industry standards across South Korean exchanges, designated SNX as an asset requiring investor caution. Such a classification typically triggers enhanced scrutiny, with common responses including tagging assets with warnings, halting deposits, or suspending trading to protect investors from heightened volatility. Upbit Flags SNX with Cautionary Label and Suspends Deposits In a note, Upbit announced it has placed a cautionary label on SNX and temporarily blocked token deposits. The exchange cited concerns over the recent depegging of Synthetix’s stablecoin, sUSD, noting that SNX—used as collateral for sUSD—could expose investors to significant risks. Upbit further highlighted a perceived lack of clear use cases for SNX, stating it would conduct a comprehensive evaluation before deciding on a possible delisting. Synthetix ( $SNX ) stablecoin’s been off the peg for 50 days. South Korea said “nah,” and now deposits are frozen till May 2025. Stablecoin vibes? Not so stable. pic.twitter.com/49WeYR2Zmr — GmHodler (@GmHodler) April 24, 2025 Bithumb followed suit , suspending SNX deposits and issuing a similar warning. However, the exchange indicated that restrictions could be lifted if underlying issues are resolved. Other major South Korean platforms, including Korbit and Coinone, also issued investor alerts, adding cautionary tags to SNX but stopping short of suspending deposits or trading. The heightened scrutiny comes after sUSD, Synthetix’s stablecoin, fell sharply below its dollar peg. On April 10, sUSD dropped to $0.83—the lowest level in five years—before plunging further to $0.68 by April 18. SNX, the native token of the Synthetix protocol, has since declined by 26% over the past month. Synthetix founder Kain Warwick recently u rged SNX stakers to adopt a new staking mechanism aimed at stabilizing sUSD, warning of potential penalties if participation remained low. The sUSD 420 Pool, introduced on April 18, offers stakers a share of 5 million SNX tokens over a 12-month period if they lock their sUSD in the pool for a full year. Despite these efforts, sUSD has only partially recovered, reaching $0.87 on April 24 but still failing to regain its peg. Stablecoin Depegs Remain a Recurring Challenge Depegs in the stablecoin space are not uncommon. USDC briefly lost its peg in March 2023 after Circle revealed $3.3 billion in reserves were stuck with the collapsed Silicon Valley Bank. Similarly, TrueUSD (TUSD) dropped below $1 earlier this year amid a wave of redemptions. Despite the challenges, the stablecoin sector has grown steadily, with total market capitalization surpassing $200 billion in 2025 and transaction volume hitting $27.6 trillion—exceeding the combined annual volume of Visa and Mastercard. In March, Federal Reserve Chair Jerome Powell affirmed the central bank’s support for developing a regulatory framework around stablecoins during a Senate hearing. Powell stated that the Federal Reserve supports the creation of a regulatory framework for stablecoins , noting the importance of protecting consumers and savers. The post South Korean Exchanges Upbit, Bithumb Suspend SNX Deposits After Warning from DAXA appeared first on Cryptonews .
On April 24th, COINOTAG reported a significant development from the U.S. Securities and Exchange Commission (SEC). The regulatory body convened with Ondo Finance, represented by the esteemed law firm Davis
U.S. stocks were slightly higher after Thursday’s opening bell as the market continues to react to tariffs development and latest macroeconomic news. The Dow Jones Industrial Average was slightly higher while the benchmark S&P 500 index was up 0.75% while the Nasdaq outperformed with a 1.39% gain. This follows a two-day uptick that saw the S&P 500 gain more than 4%. Most of these gains followed positive news around tariffs, with President Donald Trump indicating a potential thawing in its trade war with China. White House has reportedly considered slashing the heavy tariffs imposed on China. However Beijing has put its foot down, demanding a total overhaul of recently imposed levies, with reports of a potential deal in the U.S.-China trade war downplayed in Beijing. Stocks are trading largely flat amid this outlook. In terms of company shares of Pegasus Systems, Trump Media and Technology Company, Nvidia and Palantir were among top gainers. Meanwhile International Business Machines, Chipotle and WeRide were among top losers as Wall Street opened on Thursday. You might also like: Stocks jump as investors react to tariffs news, Trump’s Powell flip The picture across crypto followed largely a similar pattern, with Bitcoin ( BTC ) paring some of its gains to trade 1.3 down and at $92,650. Ethereum ( ETH ) and XRP ( XRP ) prices also shed gains with the altcoins changing hands near $1,750 and $2.15 respectively. The equity market’s lack of strong buying momentum at open came as the U.S. recorded a slight increase in the number of weekly jobless claims. Data out showed Americans that filed new applications for unemployment benefits jumped moderately in the past week. According to the Labor Department, initial claims for unemployment benefits in the states rose 6,000 last week, reaching a seasonally adjusted 222,000. The numbers align with economists’ forecast. While this indicates the U.S. labor market continues to show resilience, the uncertainty that comes with tariffs remains a top factor in the markets. As well as the trade war situation, investors are likely to watch earnings, with key companies reporting on April 24 including Intel, Alphabet (GOOGL, GOOG), Freeport-McMoRan, Merck, Nasdaq and T-Mobile. You might also like: Dow, S&P 500, Nasdaq end in green as Trump softens on China talk
Summary ⚈ Dogecoin closed above its 50-day MA for the first time since January 18. ⚈ Analyst TradingShot forecasts a conservative $0.90 DOGE target using Fibonacci extension. ⚈ Whale activity and market volatility may limit Dogecoin’s ability to sustain a rally. Dogecoin ( DOGE ) has closed above a key support level for the first time in more than 3 months. At press time on April 23, DOGE was changing hands at $0.174, having marked a 12.12% gain on the 1-week chart. DOGE price 1-week chart. Source: Finbold Namely, the meme coin closed above its 50-day moving average ( MA ) on the 1-day chart on April 22, which hadn’t happened since January 18. Shortly before this, DOGE hit and rebounded off a 2-year higher low zone. Chart expert deems $0.9 a conservative Dogecoin price target Each time such a rebound and close above the MA has happened, Dogecoin price entered a bullish leg as part of a wider cycle, as noted by renowned chart expert TradingShot in an April 23 TradingView post . Moreover, in all such instances, the humorous asset’s relative strength index ( RSI ) indicator showed a bullish divergence, which has happened once again — lending further credence to the technical analyst’s thesis. DOGE price chart with technical analysis. Source: TradingShot on TradingView Finally, the chart expert set a $0.9 price target, equivalent to a 1.5 Fibonacci extension retracement. Readers should note, however, that this was deemed a conservative price target — as previous Dogecoin price rallies reached the 1.786 and 3 Fib levels. With that being said, there are several factors at play that could serve to derail the surge. As it is a meme coin, DOGE is significantly more vulnerable to market-wide dynamics than your average cryptocurrency. In addition, whales dumped more than 570 million DOGE within a single week recently, after having acquired 80 million within a single day — which could signal that sentiment is not bullish enough to follow through on the promising technical signal pointed out by TradingShot . Featured image from Shutterstock The post Technical analyst forecasts Dogecoin price will surge to $0.90 appeared first on Finbold .
Today in crypto, economist and author of The Bitcoin Standard , Saifedean Ammous, said US President Donald Trump’s decision to reverse higher tariffs was likely a reaction to rising bond yields and exposed weaknesses in the US economy, Strike founder Jack Mallers is set to lead a crypto firm set to compete with Michael Saylor’s Strategy, and Trump is hosting a dinner for top holders of his memecoin. Trump fought the bond market, the bond market won: Saifedean Ammous Analysts are criticizing the financial implications of Trump’s import tariffs, a development that some say highlights Bitcoin’s ( BTC ) unique economic properties during times of global uncertainty. Trump’s 90-day pause on higher reciprocal tariffs , reverting them to a 10% baseline for most countries except China, has exposed vulnerabilities in the US bond market, according to critics. Economist and author of The Bitcoin Standard , Saifedean Ammous, said Trump’s decision to reverse the higher tariffs was likely a reaction to rising bond yields, suggesting the administration’s hand was forced. “Trump fought the bond market and the bond market won,” Ammous said in an April 23 X post . “The gambit seemed to work for the first day, and the huge crash in the stock market was presented as a small price to pay for fiscal sustainability. “But then the bonds began to crash, and it became clear how disastrous the tariffs were, and how wrong it was to expect that deliberately crashing the stock market would boost the bond market,” he added. Source: Saifedean Ammous Strike’s Jack Mallers to head firm seeking superior Bitcoin play to MSTR Twenty One Capital, a new Bitcoin treasury company led by Strike founder Jack Mallers with the support of Tether, SoftBank and Cantor Fitzgerald, is looking to supplant Michael Saylor’s Strategy to become the “superior vehicle for investors seeking capital-efficient Bitcoin exposure.” Wow. @jackmallers absolutely smashed this interview. pic.twitter.com/CNY6n1esvB — The Wolf Of All Streets (@scottmelker) April 23, 2025 Twenty One revealed it plans to launch with 42,000 Bitcoin (worth $3.9 billion) with roughly 23,950 BTC coming from Tether, 10,500 BTC from Softbank and 7,000 BTC from Bitfinex, which will be converted into equity at $10 per share, according to an April 23 statement. “Our mission is simple: to become the most successful company in Bitcoin, the most valuable financial opportunity of our time. We’re not here to beat the market, we’re here to build a new one,” said Mallers, the founder and CEO of Bitcoin payments-focused firm Strike. “A public stock, built by Bitcoiners, for Bitcoiners.” Top TRUMP tokenholders revealed? US President to host memecoin dinner Some of the top holders of Donald Trump’s memecoin could come out of the shadows to appear for a dinner the US President is planning to host on May 22. As of April 23, the official Trump memecoin (TRUMP) website offered the opportunity for the “top 220” holders to meet the president in person at his golf club in Washington, DC. At the time of publication, the guest list for the event was unclear, but the project stated any tokenholder who applied had to pass a background check, “can not be from a [Know Your Customer] watchlist country,” and could not have any additional guests. The memecoin, which the then-president-elect launched on Jan. 17 before taking office, has been heavily criticized by the crypto industry and lawmakers for potentially allowing foreign officials and interest groups to send money directly to the US President without proper disclosure and oversight. The team behind the project controls 80% of the total supply, while the identities of many of the other top tokenholders are mainly unknown. The price of the TRUMP memecoin surged roughly 52% from $9.30 to $14.20 shortly after the dinner announcement. After the token launched on Jan. 17, the project’s market capitalization increased to roughly $15 billion before dropping more than 50% by Jan. 20. Top TRUMP memecoin holders as of April 23. Source: TRUMP token
As Bitcoin (BTC) adoption increases day by day, giant steps continue to come from institutions. At this point the latest news came from Spain. Spain’s Hespérides University has launched a pioneering Bitcoin Master’s program, set to begin online on April 28, designed to train professionals in the economic, legal and technological foundations of Bitcoin. This is the world’s first Spanish-language Bitcoin graduate program, and the project is supported by BTC Inc, JAN3, and other institutions. The project is designed to explain the philosophy, history, economics, technology and regulation of Bitcoin. As part of the project, students will be introduced to the use of Bitcoin not only as a speculative asset, but also as a transformative monetary network. Juan Ramón Rallo, a leading economist specializing in Bitcoin, said: “Bitcoin is the most important monetary revolution in decades and will shape our future. We must be ready to use it to defend our freedoms against the State. That is why we at the University of the Hesperides see this program as indispensable.” It was stated that the project will address answers to some ongoing questions about Bitcoin: “What makes Bitcoin different from other digital assets? What technological and economic principles underlie its protocol? How do regulatory frameworks affect its adoption?” *This is not investment advice. Continue Reading: Spain Takes Bitcoin (BTC) Step, a World First!
Bitcoin exchange-traded funds (ETFs) in the United States purchased $917 million worth of Bitcoin (BTC) on April 23, 2025, contributing to total inflows of approximately $1.8 billion over the two-day period. For the full week, Bitcoin ETFs have acquired $2.2 billion in Bitcoin, indicating renewed investor interest in the cryptocurrency market. This surge in ETF purchases underscores a strong demand for Bitcoin exposure through regulated investment vehicles. 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
PayPal and Coinbase have expanded their partnership to drive innovation in stablecoin-based solutions, focusing on the adoption and utilization of PayPal USD (PYUSD). Coinbase users can now buy and sell PYUSD with no fees, and Coinbase will support 1:1 PYUSD-USD conversions through its custody and trading platforms for both retail and institutional clients. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Tether, the cryptocurrency firm known for its stablecoin USDT, has increased its stake in Juventus Football Club to over 10% of the club's share capital. This acquisition makes Tether a significant shareholder, holding 6.18% of the voting rights in the Italian football club. The investment reflects Tether's strategic interest in exploring the use of stablecoin and blockchain technology to support Juventus' global operations. 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