The U.S. Securities and Exchange Commission (SEC) has concluded its 15-month investigation into PayPal's stablecoin, PayPal USD (PYUSD), without taking any enforcement action. The decision was communicated to PayPal in February, as disclosed in a recent regulatory filing. The investigation, initiated with a subpoena in November 2023 requesting documents related to PYUSD, has now been closed, alleviating a potential regulatory burden for PayPal and its stablecoin issuer, Paxos Trust. PYUSD, launched on Ethereum and backed by short-term Treasuries, dollar deposits, and cash equivalents, has seen a 75% increase in circulating supply since the beginning of 2025, with its current market capitalization standing at approximately $880 million. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
In a shocking revelation, COINOTAG reports that a **$330 million** Bitcoin transfer linked to a recent **Monero (XMR)** price spike was not merely a market anomaly, but rather a calculated
As Bitcoin (BTC) approaches critical resistance levels, key indicators suggest a potential bullish breakout driven by whale activity and diminishing supply. The convergence of whale accumulation, falling exchange reserves, and
Bitcoin (BTC) and altcoins have been experiencing a recovery in recent days after a bad first quarter. While BTC has climbed above $95,000, altcoins are also seeing significant gains. While there is curiosity about whether BTC will explode to $100,000 and above, data on Personal Consumption Expenditures (PCE), which the FED closely follows when making interest rate decisions and is considered a leading inflation indicator, has been announced. Accordingly, personal consumption expenditures data for March were as follows: Core Personal Consumption Expenditure Price Index (YoY) Announced 2.6%– Expected 2.6% – Previous 2.8% Core Personal Consumption Expenditure Price Index (Monthly) Announced 0.0%– Expected 0.1%– Previous 0.4% Personal Consumption Expenditure Price Index (Annual) Announced 2.3%– Expected 2.2%– Previous 2.5% Personal Consumption Expenditure Price Index (Monthly) Announced 0.0% – Expected 0.0% – Previous 0.3% What Was Bitcoin (BTC)'s First Reaction? *This is not investment advice. Continue Reading: BREAKING! The Leading Inflation Data That the FED Follows Has Been Announced! What Was Bitcoin's First Reaction?
Bitcoin (BTC) hovered above $94,000 on Tuesday as traders locked in on political cues out of Washington. All eyes were on former President Donald Trump’s evening rally in Macomb County, Michigan, where he hailed his first 100 days in office as “the most successful in history.” While no formal crypto policy emerged, the tone of the event sparked speculation around BTC’s potential role in future U.S. economic strategy. Analysts at Bitfinex emphasized that even indirect references to digital assets could prove meaningful. “If BTC is positioned as part of national infrastructure or reserves, it could validate the asset at an institutional level,” the firm noted. India Deal Talk Lifts Risk Sentiment; Bitcoin Supported? Adding fuel to the bullish outlook is speculation around a U.S.-India trade agreement. U.S. Commerce Secretary Howard Lutnick hinted Tuesday that a deal had been struck with a nation impacted by Trump’s recent reciprocal tariffs. Trump later confirmed India talks were “ going well ,” stoking hopes of a pending announcement. #News India and the US make strides on their Bilateral Trade Agreement with a "forward most-favoured-nation" clause to automatically extend favorable terms to the US. This aims to prevent the 26% tariff hike proposed by the US. Read: https://t.co/sKC4SRIA1w @PMOIndia … — Bureaucrats India (@BureaucratsInd) April 30, 2025 This potential breakthrough is seen as a macro tailwind for risk assets, including crypto. According to David Lawant, head of research at FalconX, “Trade policy headlines continue to move markets—and crypto is no exception.” He added that while short-term optimism could boost Bitcoin, longer-term inflation risks from tariffs may also shape investor positioning in the months ahead. Investors are now awaiting Wednesday’s Core PCE Price Index—the Federal Reserve’s preferred inflation gauge—to assess whether trade-induced inflation is beginning to impact U.S. consumers. A hot print could delay rate cuts, while a soft reading may strengthen the case for easing. $100K in Sight for Bitcoin? Analysts Outline the Path With the BTC/USD consolidating above $94,000 and risk sentiment turning more optimistic, chatter around a push toward $100,000 is growing louder. Analysts say that if BTC holds above $94,000 and breaks cleanly above the $95,600 resistance zone, the stage could be set for a run toward six figures. Bitcoin Price Chart Source: Tradingview Key Catalysts to Watch: Trump’s pending India trade deal announcement Political narratives linking Bitcoin to U.S. economic strategy Results from the Core PCE inflation report Institutional positioning ahead of the next Fed decision While no single headline will push BTC to $100K, the convergence of geopolitics, macro policy, and on-chain momentum is creating fertile ground. For now, bulls are holding their ground—waiting for the green light to push higher. From Bitcoin Momentum to Creator Tokens: $SUBBD Gains Ground As Bitcoin flirts with $94,000 and institutional flows accelerate, investor attention is expanding beyond the top assets. One emerging name in the AI + creator economy space is $SUBBD —a token aiming to disrupt the $85 billion content creator industry. With momentum building across altcoin projects, $SUBBD has now raised over $294,353, approaching its $515,356 presale cap. A Token for Fans, Creators, and AI-Driven Experiences $SUBBD isn’t just another meme coin—it’s a utility-first asset backed by 2,000+ top-tier creators and a combined 250 million+ followers. Its core mission? Help creators keep more of what they earn, give fans real ownership perks, and unlock entirely new experiences through AI. Here’s what $SUBBD holders can do: Stake for 20% APY and claim daily rewards Access exclusive content, livestreams, and merch drops Mint or support AI-powered influencers Transact freely with no platform payment restrictions The token serves as a digital VIP pass into the evolving world of decentralized content and monetization. Final Presale Stage Nears—Next Price Jump Incoming With $294,353.16 raised and only $221,000 left before sellout, $SUBBD is rapidly closing in on its funding goal. The current token price stands at $0.0553, but with the presale nearing full allocation, the next pricing tier may arrive sooner than expected. The post Is a $100K Bitcoin Rally Incoming? Price Prediction Heats Up After Trump Teases India Deal appeared first on Cryptonews .
Bitcoin nears a breakout as whale accumulation, low supply, and network activity align bullishly.
April 30th, 2025 – Sydney, Australia STEPN , the leading Web3 lifestyle app, is proud to announce a new global partnership with the Argentina Football Association – The World Cup winners and one of the most celebrated teams in football history. This two-year-long partnership brings together two global leaders in their respective fields: STEPN, a trailblazer in the Web3 space with over 5.7 million registered users worldwide , and the Argentina Football Association, home to a national team that has become synonymous with footballing excellence , passion, and legacy. Known for their dominance on the pitch, the Argentina Football Association continues to inspire millions with their discipline, flair, and championship spirit . STEPN, meanwhile, has redefined how people engage with fitness by rewarding physical activity with real-world value. This collaboration merges both worlds—bringing elite-level energy to a global community of everyday movers. To kick off the partnership, STEPN and the AFA will launch later this month the first of several raffles featuring limited-edition Genesis Sneakers , each digitally crafted to honor the Argentina team’s rich legacy. Drawing on the national colors, iconic players, and championship moments, the designs celebrate different facets of the team’s history. Leandro Petersen , AFA’s Commercial and Marketing Director, stated: “As part of our Global Expansion, the Argentina Football Association continues partnering with global leaders, in every specific field across multiple markets. AFA and STEPN will closely work on a series of NFT releases favoring a healthy, smart and fun lifestyle. AFA pathway in the Web3 continues to grow and thanks to STEPN experience AFA will be able to reach millions of users in the web3 space aiming for consolidating the passion and excellence our Team transmits to the next generation of Argentina National Team fans. We celebrate together this long-term partnership and look forward for millions of users to join in for this incredible moment” FSL Co-Founder Yawn Rong shared his thoughts on the collaboration: “Partnering with the Argentina National Association is an incredible milestone-not just for STEPN, but for the entire Web3 movement. As World Champions, they represent discipline, excellence, and passion-qualities that inspire our global community every day. This partnership is about more than just football or fitness-it’s about connecting people through movement, legacy, and shared ambition.” As part of the long-term collaboration, STEPN and AFA will also roll out a series of physical rewards, including official signed jerseys and match tickets to AFA games, offering fans unique ways to engage with their favorite team both online and in real life. This partnership is about building a future where sport, technology, and movement intersect. From in-app activations to real-world prizes, this collaboration is set to unlock a new kind of fandom-powered by motion, inspired by champions. About STEPN STEPN is Web3’s leading lifestyle app with over 5.7 million registered users . By incentivizing exercise through rewards, the app requires users to purchase a virtual Sneaker NFT and earn rewards through walking, jogging, or running. Over the years, STEPN has partnered with prolific brands like adidas, Atlético De Madrid, Steve Aoki, and ASICS. Contact Mattina Hiwaizi mattina@fsl.com This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post STEPN and the Argentina Football Association Announces their latest NFT Drop appeared first on The Daily Hodl .
Technical analyst Kevin, known on X as @Kev_Capital_TA, highlights what he describes as “a low at the exact level that we were eyeing for the last couple of months.” In a post that accompanied the chart, the chartist pointed to the confluence between the macro 38.2 percent Fibonacci retracement—drawn from the 2021 all-time-high to last year’s capitulation low—and a long-running falling resistance line that has acted as support since the depths of the bear market. Spot price touched $0.138 — the numerical location of that 0.382 retracement — before rebounding to the current $0.18 region. Possible Path To $1 For Dogecoin Kevin argues that the higher-time-frame momentum picture is beginning to shift. “The weekly RSI hit the exact level that it has been finding a low on since back in the depths of the bear market yet every time the price gets there we are at higher prices,” he wrote, noting that the relative strength index is carving out successive higher troughs even as price stair-steps upward. At the same time, the one-week Stochastic RSI has already produced a bullish crossover, while a two-week crossover “is pending,” a structure that in previous cycles presaged multi-week rallies in the memecoin. From a risk-reward perspective, Kevin maintains that the asymmetry remains compelling. “Like I was saying weeks ago the risk reward ratio on DOGE was phenomenal as your downside was minimal and the upside was massive,” he said, disclosing that members of his Patreon community took a “sizeable entry at 0.15 cents and have a stop loss set at break even.” In his view, the only missing ingredient is a tail-wind from macroeconomic data: “Positive Macro data is necessary to continue momentum and will expedite the process.” Related Reading: ‘Dogecoin In May And Walk Away,’ Predicts Analyst — What It Means The chart shows a sequence of overhead Fibonacci extension and retracement levels that map out potential resistance zones should the rebound mature into a trend reversal. The first, and closest, is the 50 percent retracement at $0.19039; it coincides with the underside of a broken trend line, making it the next technical gatekeeper. Above that, the 61.8 percent retracement, sitting at roughly $0.26216, marks the golden-ratio threshold that often distinguishes corrective rallies from primary up-trends. A minor cluster at the 65 percent level, visible on Kevin’s chart at $0.28522, represents an intermediate hurdle before price could attack the deeper 78.6 percent retracement around $0.41339—an area that lines up with the early-2022 distribution range. Related Reading: Dogecoin MVRV Returns To This Crucial Level — DOGE Price Up 400% The Last Time Should Dogecoin reclaim that zone, the full 100 percent retracement near $0.73839 would recover the entirety of the prior decline, while a shaded violet band above $1 depicts the extension territory that would formally usher in price discovery. Crucial Factors Kevin’s framework is not confined to the DOGE pair itself. In a separate post he set a short-term target for Bitcoin Dominance (BTC.D) at 65.45 percent, identifying it as “the macro .786 FIB.” He expects that level to impose resistance on the metric, creating a window during which “altcoins [have] the opportunity to catch a bid.” For Dogecoin bulls, any stall in BTC’s share of the crypto market could reroute liquidity toward the meme-asset complex precisely when the technical backdrop is turning constructive. Despite the recent bounce, Kevin stresses that neither Bitcoin nor the broader altcoin basket has entered a parabolic phase comparable to prior cycles. “Never at any point has BTC or altcoins moved into a parabolic stage,” he wrote, attributing the muted slope to “monetary policy and a lack of liquidity which leads to less social risk.” The analyst sees that dynamic changing as “global liquidity starts to rise and monetary policy starts to ease,” although he cautions that the timetable has been stretched by what he calls “the mistakes by central banks and governments during the pandemic and post pandemic.” For now, the memecoin that began as a joke remains tethered to the macro conversation. A base at the 0.382 Fib and a synchronized momentum reset provide a technical springboard, but Kevin’s thesis—and Dogecoin’s path toward the higher Fib targets of $0.26, $0.41 and beyond—ultimately hinges on the broader cycle delivering the liquidity that has been absent so far. At press time, DOGE traded at $0.175. Featured image created with DALL.E, chart from TradingView.com
Are you keeping an eye on the global financial landscape beyond just cryptocurrencies? Major shifts in traditional finance can significantly influence overall market sentiment and capital flows. A recent analysis from Goldman Sachs highlights one such potential shift: a move by central banks to diversify their substantial holdings of central bank reserves , potentially benefiting Asian currencies . Why Are Central Bank Reserves Shifting? Central bank reserves are a nation’s rainy-day fund, held in various assets, primarily foreign currencies, but also gold and Special Drawing Rights (SDRs). Historically, the US Dollar has dominated these reserves globally. However, recent years have seen a growing conversation, and some action, towards currency diversification . Several factors are driving this: Geopolitical Considerations: Events like the freezing of Russia’s foreign reserves have prompted some nations to reconsider their heavy reliance on a single currency or jurisdiction. Search for Yield: In a low-interest-rate environment (though rates are rising now), central banks look for assets that offer better returns. Growing Economic Influence: The increasing economic weight of Asian nations means their currencies are becoming more relevant on the global stage. Trade Patterns: As trade shifts, central banks may want to hold currencies of their major trading partners. This push for diversification means central banks are exploring alternatives to the traditional reserve currencies like the US Dollar and Euro. The Goldman Sachs Analysis: A Boost for Asian Currencies? According to Goldman Sachs analysis , this trend of central banks seeking greater currency diversification is likely to benefit Asian currencies . Their research suggests that while the shift might be gradual, it is a notable development in the world of central bank reserves . Here’s what the Goldman Sachs report generally indicates: Central banks are looking at a wider basket of currencies for their reserve holdings. Emerging market currencies, particularly those in Asia, are becoming more attractive candidates. Factors like economic stability, market liquidity, and the openness of capital accounts play a role in which currencies are chosen. This isn’t necessarily about replacing the US Dollar’s dominance overnight, but rather a reallocation of a portion of these vast reserve holdings, which can still have a significant impact on demand for the target currencies. Which Asian Currencies Stand to Benefit Most? While the Goldman Sachs report would detail specific currencies, the general candidates often include currencies from economies with strong fundamentals and increasing global integration. Think about currencies like: The Chinese Yuan (CNY) The Japanese Yen (JPY) The South Korean Won (KRW) The Indian Rupee (INR) The Singapore Dollar (SGD) The degree to which each currency benefits depends on various factors, including a country’s economic policies, market accessibility, and its central bank’s willingness to see its currency used more widely as a reserve asset. Understanding Reserve Currency Shifts The concept of reserve currency shifts is crucial here. A reserve currency is one held in significant quantities by central banks and international institutions as part of their foreign exchange reserves. This status provides benefits to the issuing country, such as lower borrowing costs and increased global influence. When central banks diversify their reserves, it signals a potential, albeit slow, shift in the global financial power balance. Historically, major reserve currency shifts have occurred over decades, even centuries. The current environment, however, with rapid technological change and evolving geopolitical dynamics, could potentially accelerate these trends, though significant hurdles remain. What Are the Potential Benefits for Asian Economies? If central banks increase their holdings of Asian currencies , it could bring several advantages to the respective economies: Increased Demand: Direct demand for the currency from official institutions. Enhanced Stability: Greater demand can contribute to currency stability. Lower Borrowing Costs: Reserve currency status can make it cheaper for governments and companies in that country to borrow internationally. Greater Global Influence: A currency used more widely in international finance increases a country’s economic and political standing. These benefits are significant, potentially leading to improved economic conditions and greater resilience against external shocks for the countries whose currencies are increasingly held as central bank reserves . Are There Challenges to This Diversification Trend? Yes, absolutely. While the trend towards currency diversification is real, several factors could limit its speed and scope: Market Depth and Liquidity: Some Asian currency markets may not be deep or liquid enough to absorb large-scale reserve holdings without causing significant volatility. Capital Controls: Some Asian economies still maintain capital controls, which can make it difficult for foreign institutions, including central banks, to freely move funds in and out. Rule of Law and Governance: Central banks holding reserves prioritize safety and security, looking for strong legal frameworks and predictable governance. Geopolitical Risks within Asia: Regional tensions could deter central banks from holding certain currencies. These challenges mean that while the direction of travel might be towards diversification and increased holdings of Asian currencies , the path is not entirely smooth and will depend on ongoing developments in these economies. In Conclusion: A Trend to Watch The analysis from Goldman Sachs points to a significant, albeit potentially gradual, shift in how central banks manage their vast holdings of central bank reserves . The move towards greater currency diversification , driven by geopolitical factors and evolving economic landscapes, presents a compelling opportunity for Asian currencies . While traditional reserve currencies will likely maintain their prominence for the foreseeable future, the increasing interest in Asian alternatives signals a subtle but important change in the global financial architecture. Tracking these reserve currency shifts is essential for anyone interested in macroeconomics, forex markets, and understanding the broader context in which digital assets also operate. To learn more about the latest Forex market trends, explore our articles on key developments shaping global currencies and central bank policies.
Binance founder Changpeng ‘CZ’ Zhao took the stage at Token2049 to share his views on how artificial intelligence and blockchain are reshaping the world—from education and governance to crypto adoption. In a fireside chat with Real Vision’s Raoul Pal, CZ spoke about scaling impact-driven initiatives like AI-generated storybooks for children, now available in 15 languages and reaching over 220,000 kids in just six months. CZ aims to educate up to a billion children for free with Giggle Academy. CZ is Advising Dozens of Country on Crypto Policy CZ’s ambitions extends beyond education. He revealed ongoing advisory roles with over a dozen governments, including the UAE, where his early involvement helped establish Dubai’s crypto regulatory body, VARA . He emphasized that blockchain’s value goes far beyond trading—covering use cases like land rights, digital IDs, and cross-border public services. “The Currency for AI is Crypto” “AI will change everything,” CZ said, highlighting its role in streamlining storybook creation, improving character consistency, and powering more interactive apps. He sees crypto as the natural financial layer for AI agents , which he believes will soon transact autonomously. “The currency for AI is crypto,” he added. Binance co-founder also said that while there were many AI agents with tokens today, most lacked real utility. He expressed a desire to see agents that provided genuine value and practical use, backed by meaningful tokens. He criticized the rise of AI token launchpads where users could create an agent with their own name at the click of a button, calling such tokens useless and claiming that “99.99% of them were useless.” CZ on Global Crypto Regulations On the state of global adoption, CZ noted that Europe is lagging while countries like Bhutan and the U.S. are leading the way with crypto strategic reserves. Talking about India , CZ pointed out high taxes as a blockade for crypto adoption in the country. He called for more mission-driven founders in Web3 and urged entrepreneurs to focus on building real, user-centric applications—not just chasing token hype. Reflecting on Binance’s early days, CZ admitted to underestimating the speed of its growth and the impact that stablecoins were going to have. The post CZ Questions Utility of Crypto Al Agents at Token2049 Dubai appeared first on Cryptonews .