Real-World Assets (RWAs) are emerging as a groundbreaking segment in the crypto market, surpassing $20 billion in on-chain growth within just 30 days. Institutional giants like BlackRock and Fidelity are
Despite a challenging market environment, BlackRock’s crypto-focused ETFs continue to attract significant investment, showcasing resilience against price fluctuations. In a surprising turn, BlackRock’s assets under management in digital assets still
As crypto regulation gains ground in the US under pro-crypto President Donald Trump, US Senators are taking further steps to strengthen oversight of digital asset firms. Senators Thom Tillis and John Hickenlooper reintroduced the Proving Reserves of Other Funds (PROOF) Act, which aims to create new standards for transparency and fund management in the cryptocurrency sector. US Senators Reintroduce PROOF Act Bill According to Eleanor Terrett , US Senators Tillis and Hickenlooper have renewed their push for the PROOF Act, which was first introduced in 2023. The bill responds to concerns raised by the collapse of FTX, where customer funds were reportedly mixed with the company’s own capital and redirected to affiliated firms. The PROOF Act would prohibit the co-mingling of customer assets by digital asset custodians and exchanges. It sets requirements for monthly third-party reserve checks, which would ensure that firms hold enough reserves to back customer holdings. Independent auditing firms would perform these checks, sending the results to the U.S. Department of the Treasury. Mandatory Proof of Reserves Checks Under the US Senator’s proposed law, all firms offering digital asset custody or exchange services must undergo monthly Proof of Reserves (PoR) inspections. These checks would verify that firms hold the assets they claim to possess on behalf of their clients. PoR uses cryptographic tools like Merkle trees and zero-knowledge proofs to verify balances without revealing user data. To ensure transparency, the inspection reports would be made public through the Treasury Department. If a company fails to comply, it will face civil fines that increase with repeated violations. Although some firms have previously voluntarily shared proof of reserves information, these practices have been inconsistent and often lacked third-party verification. The PROOF Act would create a standardized process across the industry. Preventing Fund Mismanagement in the Crypto Industry Through The PROOF Act The US Senators’ renewed effort to pass the PROOF Act follows the financial failure of several crypto companies, most notably FTX. Reports showed that FTX moved customer deposits to its sister firm, Alameda Research, without proper disclosure or reserves, contributing to a major loss of trust in the sector. Lawmakers aim to reduce the risk of mismanaged or missing funds by introducing strict reserve reporting requirements. The bill, as a result, intends to give customers more confidence that their digital assets are safe and properly accounted for by crypto firms. The legislation also encourages more responsible behaviour from digital asset institutions by requiring them to follow clearly defined standards. These standards subsequently support regulatory oversight and prevent future financial harm to customers. SEC Leadership and Regulatory Developments The reintroduction of the PROOF Act follows Paul Atkins’s appointment as the new Chair of the Securities and Exchange Commission (SEC) in the United States. The Senate endorsed Atkins with a 52 to 44 majority in acknowledging his position on precise crypto regulations. As a result, the Division of Corporation Finance of the SEC published guidance for crypto issuers as a follow-up to Atkins’ confirmation. The guidance also involves disclosure concerning business models and financial statements and risks associated with digital assets that fall under the definition of securities. Subsequently, Senator Cynthia Lummis, a pro-Bitcoin legislator, has corroborated the development while acknowledging optimism about the future under Atkins. She stated that from her conversation with Atkins, she became confident in his handling of digital asset regulation. The post US Senators Reintroduce PROOF Act To Set Reserve Standards for Crypto Firms appeared first on CoinGape .
Recent PPI data falls short, leaving crypto traders uncertain. BABY Coin shows high volatility, while BONK Coin is expected to rise. Continue Reading: Market Turbulence Leaves Crypto Traders in Uncertainty The post Market Turbulence Leaves Crypto Traders in Uncertainty appeared first on COINTURK NEWS .
But BlackRock funds tracking the price of the two largest cryptocurrencies by market value still generated $3.1 billion in net inflows.
Crypto markets rose on Friday following the release of better-than-expected Producer Price Index (PPI) data, which signaled that inflation may be easing. Bitcoin (BTC) is up 4% over the past 24 hours and is currently changing hands at around $82,500. Ethereum (ETH) also rose 4% to $1,561, while XRP increased by 3.1% to $2. Solana (SOL) surged 10% to $120. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The US dollar is showing weakness amid macroeconomic concerns due to US tariffs and China’s retaliation. The crypto market has also been shaken as investors steer clear of risk assets. Amid this turbulence, three altcoins have stood out with their solid fundamentals and bullish catalysts and could easily see traders turn $1K to $1250K. These altcoins are also viewed as a good hedge against currency devaluation. US Dollar Index Hits 3-Year Low Amid Economic Turbulence The US dollar index , which measures the strength of the greenback against other major currencies dropped below 100 for the first time in nearly three years. At press time, this index stood at 100.03. US Dollar Index The currency is being affected by the ongoing trade war between China and the US, with investors expressing concerns about the implications of the looming collapse of the dollar to the global financial markets. Analysts who spoke to Reuters reported that the US dollar had lost its status as a safe haven within a short time. He added, “The whole premise of the dollar as a reserve currency is being challenged, effectively, by what we’ve seen since Trump’s election.” Amid these growing concerns, the altcoins that traders can buy for 250x gains and turn $1K to $250K include Ethereum (ETH), Ripple (XRP), and Dogecoin (DOGE). Altcoins to Turn $1K to $250K If US Dollar Collapses The best altcoins to watch as the US dollar struggles against its global counterparts are ETH, XRP, and DOGE. Ethereum (ETH) Ethereum is one of the top altcoins that can be used as a safe haven if the US dollar collapses. This is because investors might view it as an alternative to Bitcoin. Moreover, the launch of spot ETH ETFs last year has made Ethereum more accessible to investors. In terms of fundamentals, ETH price is ranking at the top after dominating other networks in terms of dApp activity. Data from TokenTerminal shows that Ethereum had the highest dApp fees of $1.014 billion. It was followed by Base with $193M in fees. This dominance supports a bullish Ethereum price prediction . In the lower four-hour timeframe, Ethereum price was showing some bullish signs that may see investors turn $1K to $250K. The altcoin’s RSI is rising and reached a neutral level of 49. Meanwhile, the AO histogram bars have flipped green suggesting that the downtrend is weakening. If ETH successfully defends support at $1,482, it will surge past $1,800 in the near term. ETH/USDT: 4-Hour Chart Ripple (XRP) XRP is also one of the top altcoins to buy for traders looking to hedge against the risk of the US dollar. Ripple has some bullish catalysts that may boost its price recovery including the end of the end of the SEC case as well as strategic acquisitions by Ripple . The four-hour chart also shows a bullish outlook on XRP price. The RSI is rising alongside the AO histogram bars, which also suggests that the upward momentum is building. If this continues, and Ripple flips resistance at $1.20, it will kickstart a strong upward move. XRP/USDT: 4-Hour Chart Dogecoin (DOGE) Several factors make Dogecoin one of the top altcoins to buy as the US dollar shows signs of weakness. One of these factors is Dogecoin’s prominence among meme coins, which could see traders seek it as a hedge against inflation. Additionally, catalysts like the launch of spot DOGE ETFs could precede a bullish Dogecoin price forecast . With only $1K, a trader can buy 5,555 DOGE hat could become $250K if DOGE soars by 250x from its current price of $0.15. Dogecoin price might make a strong rebound if the bullish trends demonstrated on the lower timeframe chart continue. The RSI is at 54 while the on-balance volume is rising, which shows a surge in buying pressure. DOGE/USDT: 4-Hour Chart Summary of Top Altcoins to Turn $1K to $250K The top altcoins to buy to hedge against currency devaluation and turn $1K to $250K include ETH, XRP, and DOGE. These altcoins have solid fundamentals and a bullish outlook that may cause an upswing. The post Central Banks Hate This: 3 Altcoins To Turn $1K into $250K If US Dollar Collapses appeared first on CoinGape .
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This is a segment from the 0xResearch newsletter. To read full editions, subscribe . With the Pectra fork now scheduled for May 7, Ethereum core developers have begun to shift their focus toward defining the next major upgrade: Fusaka. During yesterday’s All Core Devs call, the teams aligned on Pectra client release deadlines and began CFI’ing (considering for inclusion) a new set of EIPs for Fusaka. Client releases for Pectra are expected by late next week, followed by a public announcement around April 22–23. Barring any last-minute issues, nodes will simply need to upgrade in time for the fork on May 7. One proposal that didn’t make the cut: a small change to EIP-7702 that would have added an “authorization success” flag to transaction receipts. While it would have simplified tooling for account abstraction workflows, client teams warned it was too late in the cycle, and agreed to revisit it post-Pectra. Performance first, with room for growth Fusaka’s scope is now coming into focus. Devs reaffirmed that PeerDAS and EOF will remain its cornerstone features. The call then moved to evaluate which additional EIPs to include without derailing the 2025 timeline. Coordinator Tim Beiko set the table: “I think the one thing that literally every single team agreed on with regards to their prioritization is that we should ship Fusaka in 2025, that PeerDAS should be in it,” Beiko said. Among those CFI’d: EIP-7825 : Introduces a transaction gas cap, preventing single transactions from monopolizing entire blocks — critical for parallel execution and fair bundling. EIP-7907 : Raises the runtime code size limit while metering costs more fairly. An init code size increase will also be bundled in. EIP-7823 : Caps modexp input size, helping reduce attack surface and memory bloat. Blob fee market fixes: Two mutually exclusive EIPs ( 7918 and 7762 ) propose more responsive fee floors for blob data. Both were CFI’d for further discussion. Raising the global gas limit was discussed at length but left unresolved. Teams acknowledged performance improvements are increasingly essential and should be factored into future forks, even if it means fewer new features per upgrade. As Pectra enters its final testing phase, dev coordination is getting a shake-up. The ACD calls will now focus exclusively on future forks, while a separate weekly ACD Testing call will handle implementation details for current ones starting with Fusaka. Teams are also invited to contribute to the upcoming “Pectra Pages,” a retrospective effort collecting reflections from client teams, due April 28. Thanks to narrowing scope decisions and core consensus solidifying, Ethereum’s 2025 roadmap is starting to look less like a brainstorm session and more like an engineering plan. Some things naturally had to be put off. During the call, Hadrien Croubois presented EIP-7819 — a proposal to generalize 7702-style delegation for smart contracts — live from his local maternity ward, just hours after the birth of his daughter! “My baby was just born this morning,” Croubois said, explaining his poor audio quality. Now that’s core dev energy! Someone get that man a POAP ! “I think the rule is that we owe him a celebratory EIP inclusion now,” EF researcher Ansgar Dietrichs wrote in the live chat. Unfortunately, while EIP-7819 ultimately wasn’t included in Fusaka, it will be re-evaluated — alongside those not in time to be CFI’d — for the next fork, known as Amsterdam. In any case, the moment instantly joined the pantheon of ACD lore. “We’ll talk to you all next week, and let’s get Pectra shipped,” Beiko wrapped. Get the news in your inbox. Explore Blockworks newsletters: Blockworks Daily : Unpacking crypto and the markets. Empire : Crypto news and analysis to start your day. Forward Guidance : The intersection of crypto, macro and policy. 0xResearch : Alpha directly in your inbox. Lightspeed : All things Solana. The Drop : Apps, games, memes and more. Supply Shock : Bitcoin, bitcoin, bitcoin.
The post New York Bill proposes letting people pay State fees with Bitcoin and Crypto appeared first on Coinpedia Fintech News New York could soon accept cryptocurrency such as Bitcoin and Ethereum as a means of payment for state-related services. A new bill, Assembly Bill A7788 , was recently proposed by Assemblyman Clyde Vanel. The bill seeks to amend the existing law to permit New York state agencies to accept cryptocurrencies as payment. Which Cryptos Are Included? If the bill is passed, individuals might be able to use crypto to pay items such as taxes, fines, fees, rent, civil penalties, or any other financial responsibility owed to the state. The cryptocurrencies that are being listed in the bill are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). This would make New Yorkers potentially have more choices when it comes to paying what they owe to the state. In order to make this equitable for the government, the bill also permits the state to impose a service fee, but it cannot exceed the cost of processing the crypto payment. This would include such expenses as blockchain transaction fees or fees to payment processors. This is not a new crypto bill in New York. Earlier last month, Bill A06515 was proposed to prevent crypto scams and frauds such as rug pulls, where investors are deceived by fraudulent projects. The timing of the bills indicates that legislators are taking their crypto legislation and adoption more seriously. At a national level, President Donald Trump’s reinstatement in January has put even more focus on crypto. Throughout his election campaign, Trump vowed to embrace blockchain innovation and include crypto in the United States economy. This has inspired multiple states to explore how they can collaborate with cryptocurrencies. Assembly Bill A7788 is currently under review by the Assembly Committee. If it advances and makes it through the state Senate, New York may become the first state to accept crypto for government payments.