Jack Dorsey, CEO of Block and former CEO of Twitter (Now X), has cautioned that Bitcoin may risk losing relevance if it remains solely a store of value. Speaking during an interview at Presidio Bitcoin, Dorsey emphasized the necessity for Bitcoin to evolve beyond mere “hodling” to ensure its long-term viability, highlighting the importance of enhancing Bitcoin’s utility. “I think it fails through irrelevance,” Dorsey stated. “If it just ends up being store of value and nothing more, I don’t think it gains relevance at all. I think it has to be payments for it to be relevant on the everyday.” Dorsey emphasized that for Bitcoin to succeed long-term, it needs to transition into a practical payment system used in daily transactions. Without this evolution, he believes Bitcoin could become something people “kind of buy and forget and only use in emergency situations.” The tech entrepreneur further pointed to emerging circular economies in regions outside the Western financial bubble as evidence of Bitcoin’s potential. “ You get down to Central America, South America, Africa… people are using Bitcoin to buy coffee, to buy dinner, to pay vendors. There’s tiny little circular economies happening, and they’re not talking about price,” he explained. His comments come as Bitcoin maximalists continue to be criticized for their rigid stance against innovation beyond the original Bitcoin protocol and their reluctance to embrace layer-two solutions that could enhance Bitcoin’s utility. Dorsey challenged maximalist thinking by expressing that the community “can do better than Lightning,” referring to the Lightning Network, a popular second-layer solution designed to enable faster Bitcoin transactions. “ I don’t think we just want to settle with having one layer two. I think we need to experiment a whole lot more and have different alternatives,” he said. Notably, several projects are already working toward making Bitcoin more open and accessible, including efforts to improve scalability, privacy, and payment functionality. Cardano , for example, has been developing interoperability solutions that could potentially enhance Bitcoin’s utility while maintaining its fundamental value proposition. Under Dorsey’s leadership, Block is also actively contributing to this vision through projects like an open-source mining rig, self-custodial wallet development, and their Cash App’s Bitcoin exchange. These initiatives aim to further decentralize Bitcoin’s infrastructure and make the cryptocurrency more accessible for everyday use. That said, as BTC approaches its 17 th year, Dorsey believes it stands at a crossroads. “ We have not lived up to that potential…we’re still pretty far away from it actually,” he noted, referring to Bitcoin’s original vision of “a peer-to-peer electronic cash system.” For Bitcoin to fulfill its promise as a true alternative to government-controlled currencies, he suggested the community must continue building “simple, accessible experiences that solve the payment use case” while making the network faster and more private, giving “real competition” to traditional payment networks like Visa and Mastercard.
The post XRP vs. Bitcoin: Retail Investors Drive XRP’s Growth While BTC Stalls appeared first on Coinpedia Fintech News A new report from Glassnode reveals an interesting shift in crypto investment trends. While Bitcoin struggles to maintain bullish momentum , XRP has become a hotspot for retail investors. Since 2022, active XRP wallets have surged by 490% compared to Bitcoin’s modest 10% rise. This suggests that everyday investors, rather than big institutions, are fueling XRP’s growth. However, the report also warns that this surge could be driven more by short-term speculation than long-term confidence, raising questions about whether XRP’s momentum will last or fade over time. $XRP has emerged as a new retail favorite this cycle, diverging from #Bitcoin ’s more institutional-driven rally. Since the 2022 cycle low, $XRP active addresses are up +490%, while $BTC has only seen a +10% increase – a sharp signal of speculative retail demand. pic.twitter.com/mGRuktUVXK — glassnode (@glassnode) April 3, 2025 BTC at Bear Trap? Looking at the current scenario, Bitcoin has been stuck between $76,000 and $87,000, not making any big moves up or down. Moreover, according to Glassnode, many sellers are running out of Bitcoin to sell, which usually hints at a possible price rebound. With no sign of rally indicator like “ Death Cross ” signals ongoing weakness. Plus, 4.7 million BTC remain at a loss, showing investor struggles. Retail vs. Institutional: A Tale of Two Cryptos Both Bitcoin and XRP have grown in value since their 2022 lows but for different reasons. Bitcoin’s rise has been steady, mainly influenced by major events like ETF approvals and political changes. On the other hand, XRP’s recent surge seems to have been fueled by excitement among small investors, who jumped in after December 2024. Glassnode’s data shows that XRP’s market value nearly doubled in a short time, from $30.1 billion to $64.2 billion. However, most of this growth comes from new investors. Almost half of the money flowing into XRP in recent months has come from people who entered the market in the last six months. In response to Glassnode data, Crypto analyst Raul O. Gonzalez Castilla highlights how Bitcoin is often seen as expensive while XRP appears to be a more attractive speculative opportunity for retail investors. Esto es parte de lo comentaba, #bitcoin puede percibirse caro, pero Cryptos como $XRP pueden percibirse como oportunidad para especular por parte de inversores de retail. La gráfica muestra la actividad de direcciones de BTC vs. XRP. Vía @glassnode pic.twitter.com/bfV12XI9mG — Raul O. Gonzalez Castilla (@RaulGlzC) April 2, 2025 What’s Driving XRP’s Popularity? Glassnode also found that most of XRP’s retail interest comes from the U.S. and Europe. In contrast, places like Asia and Africa show much less excitement for the coin. This could be because of clearer regulations in Western countries or because of strong community support for XRP in these regions. However, relying too much on new investors can be risky. When a cryptocurrency’s price is mainly pushed up by hype, it can also drop just as fast when that excitement fades. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Ripple Lawsuit Ends: Pro-XRP Lawyer John Deaton Revisits XRP Delisting Amid Coinbase Futures Filing , Is XRP Losing Momentum? Signs suggest that XRP’s rally may be slowing down . Since late February 2025, the amount of new money flowing into XRP has decreased. At the same time, the number of people making profits has dropped, meaning more traders are now selling at a loss. While XRP’s recent surge has been impressive, its long-term success is uncertain. If fewer new investors buy in, the price could drop. 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Bitcoin’s price is stuck between $76K and $87K, with selling pressure weakening, suggesting a potential rebound. What factors could cause XRP’s price to drop? A decline in new investor activity, reduced hype, and profit-taking by early buyers could lead to a price correction.
Democrats question the SEC's independence concerning the WLFI cryptocurrency project. Concerns arise over potential financial conflicts involving the Trump family. Continue Reading: Democrats Demand Transparency on Trump’s Linked Crypto Project The post Democrats Demand Transparency on Trump’s Linked Crypto Project appeared first on COINTURK NEWS .
President Donald Trump’s new tariffs have caused a stir in the financial market amid current sideways trading. Barely hours after the announcement, Bitcoin (BTC) and other assets recorded setbacks, lowering trader confidence. Most digital asset experts say the move could tighten inflows and restrict chances of a broader recovery. The total crypto market cap has slipped 3.8% since the move. Bear Market Fear Looms Bitcoin and altcoins have faced headwinds this year due to the United States trade wars. The new sweeping tariffs are expected to usher in a new phase of uncertainty among traders. Charles Edwards, the founder of Capriole Investment, explained that this scenario involves tariffs coming in higher than expected. The Philly Fed Business Outlook survey is compatible with 2002, 2008, and 2022. Notably, Bitcoin saw an extreme correction in 2022 after macro and industry factors plummeted the top crypto. In another of his reports, Edwards wrote that President Trump and the Fed’s decisions could decide the ultimate technical trendline. On one hand, bulls set sights for a $91k recovery, which looks unlikely due to recent tariffs. A dip to $71k “ would likely see a sizable bounce” as sentiments point to another red wave. “It remains to be seen how long the tariff uncertainty will remain. It could be days; it could be months. But we can certainly expect quite a bit of action on Wednesday as “Liberation Day” plays out. A 25% tariff on automobiles resulted in a ~6% drop in Bitcoin last week. As has been the case in the last weeks, should Wednesday’s new tariffs be substantial in magnitude, we can probably expect similar sized (or larger) moves over the coming week.” Bitcoin’s price slipped 8% after the tariff announcement. Altcoins like Ethereum and XRP dropped over 5%, mounting sell pressure . As uncertainty grew, this spiraled into a series of whale offloads. Trump Tariffs Impact On Crypto Stocks President Trump signed a 10% reciprocal tariff across the board. This raised the figures imposed on China to 34%, Vietnam to 32%, and the European Union to 20%. This impact extended to crypto stocks, which often correlate with the price of Bitcoin and altcoins. Coinbase stock plummeted 7.29% in the last 24 hours, while MSTR fell 6.4% to $291.79. Bitcoin mining stocks were also affected by the move. MARA tanked 8.6% while HUT and CLSK dropped 9% and 6%, respectively.
As Bitcoin is breaking out, Mow believes it is time it started decoupling, but here’s pivot
Cryptocurrency exchange OKX is under renewed regulatory scrutiny in Europe after Maltese authorities issued a major fine for violations of Anti-Money Laundering (AML) laws. Malta’s Financial Intelligence Analysis Unit (FIAU) fined Okcoin Europe — OKX’s Europe-based subsidiary — 1.1 million euros ($1.2 million) after detecting multiple AML failures on the platform in the past, the authority announced on April 3. While admitting that OKX has significantly improved its AML policies in the past 18 months, the authority “could not ignore” its past compliance failures from 2023, “some of which were deemed to be serious and systematic,” the FIAU notice said. OKX was among the first crypto exchanges to receive a license under Europe’s new Markets in Crypto-Assets (MiCA) regulation via its Malta hub in January 2025. The news of the $1.2 million penalty in Malta came after Bloomberg in March reported that European Union regulators were probing OKX for laundering $100 million in funds from the Bybit hack. Bybit CEO Ben Zhou previously claimed that OKX’s Web3 proxy allowed hackers to launder about $100 million, or 40,233 Ether ( ETH ), from the $1.5 billion hack that occurred in February. This is a developing story, and further information will be added as it becomes available. Magazine: Stablecoin for cyber-scammers launches, Sony L2 drama: Asia Express
Solana’s price has fallen to $116, marking a 12% decrease over the past week amid growing concerns about large investors selling their holdings. According to reports, several major cryptocurrency holders, known as “whales,” unstaked and moved approximately $46 million worth of SOL tokens to exchanges, fueling the downward trend. Related Reading: XRP Breakout Alert! Could This Surge Send The Altcoin To $3? Four Major Wallets Lead Selling Wave According to cryptocurrency monitor Lookonchain, four wallet addresses accounted for the massive exchange of funds. The largest seller, ‘HUJBzd,’ transferred $30 million worth of SOL to exchanges. Three other wallets also did the same, with ‘BnwZvG’ selling $9.47 million, ‘8rWuQ5’ transferring $3.53 million, and ‘2UhUo1’ transferring $3 million worth of tokens. These mass transfers usually presage bearish sentiment in the market since they add selling pressure to exchanges. The recent price movement bears this trend out, with SOL falling by more than 3% within the past 24 hours alone. Many whales unstaked and dumped $SOL today! HUJBzd dumped 258,646 $SOL($30.3M). BnwZvG dumped 80,000 $SOL($9.47M). 8rWuQ5 dumped 30,000 $SOL($3.53M). 2UhUo1 dumped 25,501 $SOL($3M). Address:https://t.co/mCaB45W6pVhttps://t.co/wjhEwyZgFHhttps://t.co/Waqe4cxvbP… pic.twitter.com/kc1Q5GEKIX — Lookonchain (@lookonchain) April 4, 2025 Market Uncertainty Tied To Tariff Announcements The wider cryptocurrency market has been buffeted by economic policy shifts. Reports indicate that Bitcoin price fluctuations have been influenced by the announcement by US President Donald Trump of reciprocal tariffs. This uncertainty in the economy has spread to the altcoin market, with Solana being one of the cryptocurrencies under pressure. Based on recent data, the price of Bitcoin might still move according to stock market trends in reaction to these fresh tariffs. Analysts have cautioned that the entire cryptocurrency market might witness short-term volatility as Bitcoin emulates stock market trends. Some Analysts Remain Optimistic Despite Declines Though the present figures indicate a declining trend, not everyone in the market is pessimistic. Cryptocurrency expert Brandon Hong recently expressed an opposing view on social media platform X and wrote: “SOL is about to have its biggest breakout ever.” Hong’s forecast is focused on Solana possibly breaking out of its 400-day trading range. The analyst encouraged investors to “Buy now or regret later,” providing a rare optimistic view amidst the overall market uncertainty. Related Reading: XRP’s Rise To Rarity: Only 1% May Afford It, Expert Says Traders Keep An Eye On SOL This divergence in market opinion reflects the volatile nature of cryptocurrency investments in times of economic transition. Traders remain closely monitoring Solana as it navigates these tough market conditions. The 30-day performance for Solana investors is even worse, with figures indicating an 15% drop in the past month. This longer decline fits with wider market trends among the cryptocurrencies that have also been depreciating over the recent era of economic instability. While markets adapt to possible policy shifts and big holders keep shifting their assets, SOL price actions are still a major reflection of investor sentiment within the cryptocurrency market. Whether the token follows the bearish direction implied by whale action or breaks out as some analysts anticipate is to be seen within the next few weeks. Featured image from Gemini Imagen, chart from TradingView
Cango Inc., a Chinese public company, has announced plans to sell its $350 million automotive business to invest fully in Bitcoin, reflecting a growing bullish sentiment in Asia towards the cryptocurrency. The decision marks a strategic pivot for Cango as it seeks to capitalize on the rising interest in Bitcoin, which is increasingly viewed as a valuable asset. This move has garnered attention within the cryptocurrency community, with various commentators labeling it a 'legendary' decision. Cango's shift to focus on Bitcoin aligns with broader trends in the market, where companies are exploring digital assets as part of their investment strategies. 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
SOL could record its steepest fall in a long while.
Two Democrat US Lawmakers have sent a letter to the Securities and Exchange Commission (SEC) acting chair, Mark Uyeda, asking about President Donald Trump’s crypto businesses and potential conflicts of interest related to the Commission’s regulations. US SEC Asked About Trump’s Crypto Businesses On Wednesday, Senator Elizabeth Warren and Representative Maxine Waters asked the SEC’s acting chair about potential conflicts of interest and whether President Trump’s financial ties to the crypto industry through World Liberty Financial (WLFI) have influenced the Commission’s and Uyeda’s decision-making. The letter cites a recent investigation by Reuters, alleging that the US President, Donald Trump Jr., and Eric Trump are “directly affiliated with WLF, which has already raised over $500 million through token sales through an exempt securities offering.” The report also states that the presidential family “has a claim on 75% of net revenues from those sales,” meaning they could benefit up to $400 million from their crypto venture. As such, the lawmakers argue, “The Trump family’s financial stake in World Liberty Financial represents an unprecedented conflict of interest with the potential to influence the Trump Administration’s oversight—or lack thereof—of the cryptocurrency industry, creating an obvious incentive for the Trump Administration to direct federal agencies, including the SEC, to take positions favorable to cryptocurrency interests that directly benefit the President’s family.” Senator Warren and Representative Waters requested the SEC Chair to “preserve and provide” copies of all records and communications regarding WLFI at the Commission from October 15, 2024, until the present by April 14, 2025. In the letter, they also inquired about all records and communications related to the SEC’s decision to pause its case against Tron founder Justin Sun and his affiliated companies, citing his $75 million investment into WLFI as a concern. Trump Family Denies Conflicts Of Interest In a statement shared with Reuters, a spokesperson for World Liberty Financial stated, “It’s disappointing that Senator Warren is attempting to weaponize the power of the government to continue to harass and target the Trump family and our project.” “What’s implied in the letter is completely disgusting, false, and dangerous. She has been a vocal and consistent opponent of the crypto industry for years, but Luddites with political vendettas won’t stop us from building and deploying a world-class platform that can benefit millions,” the spokesperson added. As reported by Bitcoinist, Eric Trump, son of the US President, recently denied the White House involvement in the Family’s crypto ventures, affirming there are “virtually none” conflicts of interest in a Bloomberg interview. He stated that President Trump “fell in love with an industry because the regulators were going after that industry (…) the exact same way as they were going after our family.” Meanwhile, a spokesperson for the SEC revealed in a statement to Reuters that, “Acting Chairman Uyeda will respond to Members of Congress directly.” It is worth noting that Senator Warren sent two letters last month questioning the Commission’s chairman nominee, Paul Atkins, and the White House AI and Crypto Czar, David Sacks, regarding potential conflicts of interest and their ties to President Trump, which both have denied. Additionally, she has criticized the SEC’s regulatory shift and the agency’s decision to pause or dismiss most of its major crypto litigations and investigations, including Coinbase, Binance, Gemini, Robinhood, and Ripple.