The UK government has unveiled comprehensive draft legislation aimed at regulating cryptocurrency exchanges, dealers, and agents. Announced by Chancellor of the Exchequer Rachel Reeves during UK Fintech Week, the proposed rules aim to enhance consumer protection, boost investor confidence, and promote innovation within the growing crypto industry. Under the new framework , crypto firms operating in the UK will be required to adhere to stringent standards on transparency, consumer protection, and operational resilience, aligning them with the regulatory expectations of traditional financial institutions. This move comes in response to the rapid rise in crypto adoption across the UK, where approximately 12% of adults have engaged with cryptocurrencies, up from 4% in 2021. The legislation also extends its reach to overseas firms offering services to UK retail clients, ensuring that any business dealing directly or indirectly with UK consumers secures appropriate authorization from the Financial Conduct Authority . This includes operations such as crypto asset trading platforms, stablecoin issuance, custody services, and staking activities. “This is a massive year for crypto in the UK,” said Keith Grose, head of UK at Coinbase, speaking to CNBC. “The FCA and the Bank of England are rolling out their crypto regulation regime this year … this is the year for the UK to show that it can lead from the front.” You might also like: Space and Time introduces foundation to drive ZK-proven data adoption US and UK cooperation In a bid to address the global nature of digital assets, the UK is strengthening its international regulatory ties, particularly with the United States. Chancellor Reeves recently met with U.S. Treasury Secretary Scott Bessent in Washington, D.C., where they discussed collaboration on digital asset regulation. The discussions included proposals from U.S. SEC Commissioner Hester Peirce for a transatlantic regulatory sandbox, aimed at allowing firms on both sides of the Atlantic to develop compliant digital securities solutions collaboratively. This transatlantic cooperation is set to continue through the UK–U.S. Financial Regulatory Working Group, with the next meeting scheduled to further explore ways to support the responsible growth of digital assets. The UK government’s proactive approach reflects its commitment to making Britain a global hub for fintech and responsible digital asset innovation. You might also like: PopCat poised at critical higher low support: can bulls trigger a 100% rally? ‘Plan for Change’ The draft legislation is part of the government’s broader “Plan for Change” agenda, which aims to drive growth and innovation across the UK’s financial services sector. Grose said there are two major hurdles the UK must overcome to make crypto competitive: de-banking and regulation. “Fifty percent of crypto firms have been denied a bank account in the UK or been offboarded… You can’t build the future of the financial system here if we don’t have that level playing field.” The final crypto legislation is expected to be introduced following industry consultation on the draft provisions, with the government planning to publish its first Financial Services Growth and Competitiveness Strategy on July 15. As the UK positions itself at the forefront of digital asset regulation, these developments signify a concerted effort to balance innovation with consumer protection, ensuring that the crypto industry can thrive within a secure and well-regulated environment. You might also like: Sonic to upgrade from bridged to native USDC, adds CCTP V2 support
More on USDATA Corp. Financial information for USDATA Corp.
A recent chart analysis by prominent crypto data platform TapTools has reignited speculation around the future price trajectory of Cardano (ADA) , suggesting a potential parabolic rise to the $14.00 mark. The projection is based on a clear Elliott Wave count mapped over Cardano’s historical price action, indicating the start of a powerful fifth wave — the final leg in a classic bullish impulse structure. Elliott Wave Theory Signals a Major ADA Upswing The Elliott Wave Theory, a widely respected technical analysis model, breaks price movement into five distinct waves in the direction of the main trend. According to the chart shared by TapTools, ADA has completed Waves 1 through 4 of the current cycle and appears poised to initiate Wave 5 — historically the most aggressive leg in terms of price acceleration. Cardano $ADA to $14.00? pic.twitter.com/izJ2FwKqFq — TapTools (@TapTools) April 28, 2025 This current setup mirrors ADA’s 2020–2021 bullish run, during which the coin surged from under $0.10 to a high above $3.00. The symmetry in wave structure, timing, and market momentum strongly suggests that ADA may once again be preparing for an exponential move. TapTools has plotted a possible Wave 5 target around $14.00, which, if realized, would represent a nearly 20x gain from current levels. Technical Indicators Back the Bullish Narrative Accompanying the wave count are key technical indicators that lend credibility to the bullish outlook. On the weekly timeframe, the Relative Strength Index (RSI) is positioned near neutral territory (around 49.5), signaling there’s ample room for further upside before the asset becomes overbought. The MACD histogram, while currently flat, shows potential for a bullish crossover in the coming weeks if buying momentum strengthens. Additionally, ADA is now trading comfortably above the 200-week exponential moving average (EMA), currently near $0.55 — a critical long-term support level that historically acts as a launchpad during bull market conditions. Cardano’s Fundamentals Align With Technicals Beyond the charts, Cardano’s fundamentals also support the possibility of a major price rally . The network continues to roll out upgrades through its Basho and Voltaire phases, enhancing scalability and governance capabilities. Moreover, Cardano’s DeFi ecosystem is growing steadily, with rising total value locked (TVL) and increasing developer activity across projects. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The broader crypto market is also entering a more optimistic phase, fueled by macroeconomic stability, institutional interest, and emerging narratives around real-world asset (RWA) tokenization and decentralized infrastructure. Cardano, with its energy-efficient proof-of-stake protocol and rigorous academic approach, stands to benefit from this environment. A Cautious Optimism While TapTools’ projection to $14.00 is grounded in legitimate technical principles, it is important to recognize that Elliott Wave theory is probabilistic, not predictive. Market conditions, sentiment shifts, and macroeconomic variables can significantly affect price trajectories. Nevertheless, the alignment between Cardano’s technical structure, improving fundamentals, and the market’s renewed risk appetite offers a compelling case for ADA’s potential breakout. Eyes on ADA as Wave 5 Builds Momentum TapTools has set the stage for what could be one of the most explosive altcoin rallies in the next crypto cycle. Should Cardano follow the projected Elliott Wave path, the journey to $14.00 might just be a matter of when, not if. For now, traders and long-term holders alike are watching closely, as ADA seems to be gathering strength for a decisive move. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Elliott Wave Analysis Predicts Cardano (ADA) Massive Upswing appeared first on Times Tabloid .
In a significant development for the stablecoin market, Tether has announced the **minting** of an additional **1 billion USDT** on the Ethereum blockchain, as per WhaleAlert’s latest monitoring report dated
Crypto lender Nexo says it’s planning to reopen operations in the United States as the country has become more welcoming of digital assets. In a new thread on the social media platform X, Nexo says it will resume services for American customers after shutting them down about two years ago when running afoul of US regulators. “Nexo returns to the US market. We are embracing renewed optimism and entrepreneurial momentum to deliver our full products to American clients in a supportive environment.” No official date was given. The announcement comes after the company ceased operations and paid a $45 million fine in 2023 to the U.S. Securities and Exchange Commission (SEC) after being accused of running an unregistered crypto asset lending product, the Earn Interest Product (EIP). Reuters reports that Nexo unveiled the plan while hosting the eldest son of US President Donald Trump at a crypto conference in Bulgaria during an event headlined “Trump Business Vision 2025.” Nexo co-founder Antoni Trenchev tells the news outlet that the crypto firm plans to return to the US “in the coming months” and is having “constructive” conversations with the SEC and other US regulators. Trenchev says that Trump Jr. is not helping the company return to the US but is “spreading the message that crypto is important to the United States and setting the stage.” President Trump’s administration has taken several steps to embrace digital assets, including signing an executive order to create a strategic Bitcoin ( BTC ) and crypto reserve. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Lending Platform Nexo Returns to US Market on ‘Renewed Optimism and Entrepreneurial Momentum’ appeared first on The Daily Hodl .
One of the top stock exchanges in the world has filed to list a spot-based exchange-traded fund (ETF) for the original memecoin. Nasdaq has officially submitted an application to the U.S. Securities and Exchange Commission (SEC) to list a Dogecoin ( DOGE ) ETF that will be sponsored by 21Shares, a financial firm specializing in crypto investments. Earlier this month, 21Shares teamed up with the corporate arm of the Dogecoin Foundation, House of Doge, for an initiative to launch DOGE exchange-traded products (ETPs) globally. Said Jens Wiechers, Advisory Board Member at House of Doge and Co-Executive Director of the Dogecoin Foundation, at the time, “ This initiative with 21Shares provides a regulated path for institutions to participate in and amplify the ‘Dogecoin is Money’ vision, while still honoring the community’s spirit. Global adoption is critical, and we’re excited to take this next step – ensuring Dogecoin stays fun, but gains the credibility and backing needed to thrive at scale.” Added Duncan Moir, President at 21Shares, of the powerhouse crypto partnership, “By partnering with the House of Doge, we are taking a pivotal step in bringing transparent and institutional-grade investment options to the market. This move reflects our commitment to expanding investor access to innovative and community-driven assets while maintaining the highest regulatory and operational standards.” The S1 application form was also officially filed earlier this month. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Nasdaq Submits Application to SEC To List Spot Dogecoin (DOGE) ETF Sponsored by 21Shares appeared first on The Daily Hodl .
Are you a SoFi customer interested in digital assets? Or perhaps someone watching the intersection of traditional finance and the crypto world? Get ready for some potentially big news! SoFi, the well-known online bank, is making waves with its announcement that it plans to re-enter the cryptocurrency market. This isn’t just a small step; it’s a planned broader expansion into offering diverse SoFi crypto services. Why Did SoFi Pause Its Crypto Services? You might recall that SoFi previously offered crypto trading. However, the company decided to halt these services temporarily in late 2023. Why the pause? According to CEO Anthony Noto, the primary reason was to secure a national banking charter. Obtaining this charter was a significant strategic move for SoFi, allowing them to operate more like a traditional bank and expand their financial product offerings. To navigate the complex regulatory landscape and prioritize the charter process, they made the decision to step back from crypto for a period. What’s Driving SoFi’s Return to SoFi Cryptocurrency ? SoFi’s planned return is being influenced by changes in the external environment, specifically a shift in the regulatory landscape. Anthony Noto mentioned in a CNBC interview that regulatory changes are a key factor in their decision to relaunch their crypto services. The regulatory environment for cryptocurrencies in the United States has been evolving, and it appears SoFi sees this as an opportune time to re-engage. While the exact nature of the ‘regulatory shift’ isn’t fully detailed, it suggests SoFi is becoming more comfortable navigating the current or anticipated future rules around digital assets, making a broader push feasible. Expanding Beyond Simple Trading: New Crypto Services on the Horizon When SoFi returns, it won’t just be offering basic crypto buying and selling. The company has much bigger ambitions. Their plan is to expand into a wider range of crypto-related products. While the exact timeline and specifics are subject to market conditions and further regulatory clarity, the areas they are exploring include: Crypto Investing: This is likely the first service to return, allowing users to buy, sell, and potentially hold various cryptocurrencies directly within the SoFi platform. They expect this to be available again by the end of 2025, though this timeline could shift. Crypto Lending: This could involve allowing users to lend their crypto holdings to earn yield or potentially borrowing against their crypto assets. This area is complex and heavily reliant on regulatory frameworks. Crypto Payments: Integrating cryptocurrency into payment systems would be a significant step, potentially allowing users to spend crypto or use crypto-backed solutions for transactions. This move towards a broader suite of crypto services indicates SoFi’s long-term view on the importance of digital assets in the future of finance. They aim to offer a more integrated experience where crypto interacts with their traditional banking and investment products. What Does This Mean for the Online Bank Crypto Space? SoFi is a prominent player in the online banking and fintech sector. Their decision to not only return to crypto but to plan a significant expansion sends a signal to the market. It suggests that major financial institutions are increasingly viewing cryptocurrency as a legitimate asset class and a potential area for business growth, despite the regulatory hurdles. For users, it could mean more options to manage their traditional and digital finances in one place. As more online bank crypto integrations occur, it could potentially lead to greater mainstream adoption of digital assets. Navigating the Future: Crypto Regulation and Market Conditions SoFi’s plans are ambitious, but they are also realistic about the challenges. The timeline for the full suite of services, particularly lending and payments, is contingent on market conditions and the ongoing evolution of crypto regulation . The regulatory environment remains a significant factor for any financial institution dealing with digital assets. SoFi will need to carefully navigate these rules to ensure compliance and build trust with their customers. The volatility of the crypto market itself also plays a role in the timing and success of these ventures. Key Takeaways from SoFi’s Crypto Ambitions Here’s a quick summary of what SoFi’s announcement signifies: SoFi is committed to returning to the crypto market after a temporary pause related to securing a banking charter. The decision is influenced by a perceived shift in the regulatory environment. Plans include a significant expansion beyond simple trading into lending, payments, and broader investment products. The timeline for full implementation, particularly for new services, depends on market conditions and regulatory clarity. This move highlights the increasing convergence of traditional finance and digital assets. SoFi’s planned re-entry and expansion into SoFi cryptocurrency services is a notable development for both the company and the broader fintech and crypto industries. It reflects a strategic positioning to meet evolving customer demands and adapt to the future of finance. While challenges related to market volatility and regulatory uncertainty remain, SoFi’s ambition to offer a comprehensive suite of crypto products alongside its traditional offerings could reshape how users interact with digital assets through an online bank crypto platform. Keep an eye out for further announcements from SoFi as they work towards making these plans a reality, potentially offering exciting new opportunities for investors and users in the coming years, contingent on market and crypto regulation developments. To learn more about the latest crypto market trends, explore our articles on key developments shaping the future of digital assets.
Federal prosecutors have asked a judge to sentence former Celsius Network CEO Alex Mashinsky to at least 20 years in prison for orchestrating a multiyear fraud that caused over $550 million in losses to cryptocurrency investors. Mashinsky’s $48M Gain from Celsius Collapse Demands 20 Years, Prosecutors Say In a sentencing memorandum filed April 28, the
On April 30th, COINOTAG reported on U.S. President Trump’s address in Michigan, where he reaffirmed his commitment to prioritizing **economic issues**. The President highlighted a comprehensive **tax reform** initiative, designed
U.S. Secretary of Commerce Howard Lutnick has articulated a clear pro-Bitcoin stance under the Trump administration, emphasizing that Bitcoin should be treated as a commodity similar to gold due to its fixed supply of 21 million coins. Lutnick highlighted that the previous Biden administration treated Bitcoin with skepticism, but the current administration views it as beneficial for freedom and the economy. The U.S. government plans to accelerate Bitcoin mining by allowing miners to build power plants and data centers near natural gas fields, aiming to reduce reliance on the public power grid and control energy costs. This initiative is expected to turbocharge Bitcoin mining growth in America. Additionally, President Trump's Executive Director Bo Hines described a global "space race" among countries to accumulate Bitcoin, signaling the U.S. commitment to becoming a leading Bitcoin superpower. The administration intends to support Bitcoin businesses and encourage miners to establish operations in the U.S., reinforcing the country's position as a hub for Bitcoin mining and digital asset accumulation. 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