Ethena GmbH has been ordered by the German Federal Financial Supervisory Authority (BaFin) to wind up its business related to the issuance of its USDe tokens. BaFin revealed it found serious deficiencies in Ethena GmbH’s operations during the authorization procedure and imposed sanctions, leading to the requirement for the company to reverse its USDe token
Coinbase has said what everyone’s been scared to admit: the next crypto winter has probably already started, and the signs are everywhere, according to a report released by the company on Tuesday. The total crypto market cap without Bitcoin has dropped to $950 billion—that’s a nasty 41% drop from its December 2024 high of $1.6 trillion. It’s also 17% lower than where things stood a year ago. To be clear, this is below nearly the entire range of prices seen between August 2021 and April 2022. At the same time, there’s been a little uptick in venture capital activity during Q1 2025, but it’s still way down—50% to 60% lower than the insane highs of 2021–2022. Investors cut exposure as macro pressure builds Coinbase analysts say this bad run could last at least another 4 to 6 weeks, if not longer. According to their outlook, “the interplay of macro factors and risk sentiment still calls for short-term caution.” But they’re also trying to play the long game. Coinbase said, “Once the mood resets, it might do so fast.” They’re still betting on a stronger second half of 2025, though right now, most traders are sitting on their hands. Forget the idea that a 20% swing marks a bull or bear market. That rule barely works in stocks and makes even less sense in crypto, where 20% moves happen in a weekend. Case in point: when Bitcoin dropped 76% between November 2021 and November 2022 while the S&P 500 only fell 22% during the same window. That’s more than 3x the pain, yet both happened during the same overall macro hellscape, said Coinbase. Because crypto never sleeps, it reacts faster and harder to global shocks. Weekends and nights—when stock markets are closed—are when a lot of the drama happens. That makes crypto a punching bag for all global sentiment changes. One trigger and everything spirals. There’s no agreed-on definition of what actually makes a bear market. People throw out that 20% number, but it’s just tradition—not science. As Coinbase put it, it’s more like “you know it when you see it.” They studied the S&P 500 by looking at its one-year rolling highs and lows to find real changes. That method showed four bull markets and two bear markets in the last 10 years—not counting the new dip that began around late March and early April. But even that method missed two big panic moments: 2015, when China’s markets crashed, and 2018, when the Fed’s global trade uncertainty index spiked. Both caused deep investor fear but didn’t hit the 20% number. So clearly, it’s not about the percentage. Alternative indicators show the market damage is deeper To fix that, Coinbase says they’re using new tools risk-adjusted performance—basically how far returns move from the average, measured in standard deviations. From November 2021 to November 2022, Bitcoin dropped 1.4 standard deviations, which is dangerously close to the S&P 500’s 1.3 standard deviation decline. That shows how big the crash was, even if the raw numbers look different. Measuring by risk lets you compare across assets, but the downside is it’s very complicated. The z-score model gives fewer signals when markets are calm and doesn’t always catch fast changes. Their data says the most recent bull cycle ended in late February. Since then, the model has shown nothing but neutral, which means it’s late to react. The 200-day moving average (200DMA) might be better. It’s easier to use and smooths out short-term noise. When prices fall below their 200-day average, that’s usually a real trend change. It caught the big sell-offs in early 2020 (COVID), 2022-23 (Fed hiking), the 2018–19 crypto winter, and the mid-2021 crash caused by China’s mining ban. So, is this a new crypto winter? Coinbase’s Tuesday report said yes, and it’s just getting started. “The 200DMA model on bitcoin does suggest that the token’s recent steep decline qualifies this as a bear market cycle starting in late March. But the same exercise performed on the COIN50 index (which includes the top 50 tokens by market capitalization) shows the asset class as a whole has been unequivocally trading in bear market territory since the end of February,” said Coinbase. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Ethereum shows signs of reaching $4,800 through its successful breach of a strong resistance barrier. Technical analysts show bullish signs through their predictions that momentum could result in a price increase of 100% for Ethereum. The decentralized finance token MUTM from Mutuum Finance has surged throughout its presale by raising $6.8 million as 8,300 investors joined the platform. Mutuum Finance (MUTM) sells at $0.025 in phase 4 as investors monitor Ethereum for potential high-grade returns due to its connection with the Ethereum ecosystem. The future performance of this token is linked to Ethereum’s market performance since a strong Ethereum market could drive explosive growth at the same rate as the cryptocurrency giant. Ethereum’s breakout potential Expert analysts show great interest in analyzing Ethereum’s price movement patterns. Market actors are watching how the asset maintains consistent trading above a descending trendline which has triggered historically strong price surges in the past. A technical jump toward $4,000 seems achievable now that the market momentum strengthens so $4,800 will not prove too distant. Extremely bullish momentum from such a price increase has the potential to increase investor values by two times within a weekly timeframe. The asset’s recent price descent to $1,400 level displayed variations in market confidence. System delays in Ethereum’s upgrades along with quick blockchain competitors have created conflicts for the network. The smart contract dominance of Ethereum maintains its essential role in the market. A present rise in Ethereum’s value could establish its recovering position which would elevate the market value of related tokens. Mutuum Finance (MUTM) Presale Frenzy Mutuum Finance (MUTM) conducts its fourth presale stage during which investors acquire tokens at $0.025 each. The presales of Mutuum Finance (MUTM) have resulted in the sale of 409 million tokens while generating $6.8 million which is now stored in their bank. Phase 5 will trigger an increase to $0.03 yet investors currently face the opportunity to lock in and gain returns instantly because the token presale presents phase 5 as $0.03 for immediate purchase. The identified exchange tokenomics will trigger a 140% value expansion starting from $0.06 price levels. Some analysts expect Mutuum Finance (MUTM) to reach $2.50 after launch which would deliver an ROI of 9,900%. The team strengthens credibility as they finish the Certik smart contract audit and plan to publish findings on social networks. The high demand for this project has caused phase 4 to disappear quickly. Innovative Lending Model Beyond presale hype, Mutuum Finance (MUTM) offers real utility. Through its lending platform users can take both borrowing and earning opportunities by providing loans that surpass their values to protect system stability. Depositors who hold mtTokens including mtETH watch their assets develop through interest which generates passive income. The platform’s revenue stream moves through a buy-and-distribute system that purchases MUTM tokens to distribute to stakeholders while boosting the market demand. A recently developed dashboard presents the list of top 50 holders who gain extra tokens because they did not sell their MUTM tokens. The elevated degree of visibility between investors and projects causes a competitive drive that requires immediate action. Mutuum Finance (MUTM) stands out among Ethereum-based altcoins because its value directly derives from the concrete DeFi operational mechanics built into the platform. Final Countdown The upcoming 2x rally of Ethereum will transform the crypto market structure during 2025 while Mutuum Finance (MUTM) stands prepared to exploit this trend. The available phase 4 tokens at $0.025 will vanish rapidly which creates an urgent situation. The upcoming listing would offer a 140% profit opportunity and a predicted $2.50 price post-launch turns initial small investments into substantial life-transforming wealth. Ethereum’s breakout might be the spark, but Mutuum Finance (MUTM)’s fundamentals fan the flames. Don’t miss out—check Mutuum Finance (MUTM)’s official channels for updates and join the presale before phase 5 locks you out. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.finance/ Linktree: https://linktr.ee/mutuumfinance
Italy’s minister of economy and finance warned that US stablecoin policies are more concerning than President Donald Trump’s tariffs, citing the potential for these crypto assets to undermine the euro’s dominance in cross-border payments. Speaking at an event in Milan, Giancarlo Giorgetti said that while trade tariffs dominate headlines, new US policies on dollar-backed stablecoins present an “even more dangerous” threat to European financial stability, according to a Reuters report. US stablecoins allow users to invest in a widely accepted method for cross-border payments without opening a US bank account, Giorgetti said. He warned that the growing appeal of US stablecoins to Europeans should not be underestimated. Giorgetti urged European Union lawmakers to take more steps to boost the euro’s position as an international currency. He added that the digital euro under development by the European Central Bank (ECB) will be essential to minimize the need for Europeans to resort to foreign solutions. US lawmakers advance stablecoin bills Presently, stablecoin regulation in the US remains fragmented. Instead of a unified framework, multiple agencies apply existing laws to regulate stablecoins. However, lawmakers are working to implement changes, with several pieces of stablecoin legislation progressing. On April 2, the US House Financial Services Committee passed the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act. The bill is now headed to the House floor for a full vote. The bill was introduced on Feb. 6 by Committee Chair French Hill and the Digital Assets Subcommittee Chair Bryan Steil. It would ensure that stablecoin issuers provide information on their businesses, including how their tokens are backed. In addition, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act establishes rules that require issuers to maintain reserves backed one-to-one, comply with Anti-Money Laundering (AML) laws, protect consumers and boost dollar dominance in the global economy. The GENIUS Act still requires approval by both chambers of Congress and a presidential signature before becoming law. Related: Stablecoins are the best way to ensure US dollar dominance — Web3 CEO ECB exec renews digital euro push Apart from Giorgetti, ECB Executive Board member Piero Cipollone also urged European lawmakers to intensify their efforts to combat dollar-backed stablecoin dominance in Europe. On April 8, Cipollone wrote an article expressing concerns about the growing popularity of US stablecoins. The official suggested launching a central bank digital currency to combat this threat to the euro. He said this would aid in preserving the monetary sovereignty of the eurozone. Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research
TikTok has become a hotspot for uncovering hidden low-cap cryptos, and the latest meme coin frenzy is no exception. While the spotlight tends to stay on the usual names, deeper dives are uncovering a new crop of meme coins quietly building momentum. With strong communities forming around them, these meme coins are becoming ones to watch. As they begin to bridge speculation with utility, they’re well placed to ride the momentum of the next market rally. TikTok’s six best meme coins Here are the six meme coins TikTok is buzzing about. Bitcoin Pepe (BPEP) : The future of meme coin trading on Bitcoin PepeX (PEPEX): A fairer meme coin launchpad with presale-driven community growth CartelFi (CARTFI): a meme coin platform built for yield-farming. Snek (SNEK): A community-driven meme coin thriving on viral social media engagement. Toshi (TOSHI): A meme coin with utility featuring NFTs, DeFi tools, and launchpads. Broccoli (BROCCOLI): A meme coin frenzy inspired by CZ’s dog, driven by speculation. Bitcoin Pepe: The future of meme coin trading on Bitcoin Bitcoin Pepe aims to redefine meme coin trading. It delivers a Solana-like experience on Bitcoin—combining Bitcoin’s security with high-speed, low-cost transactions. As a Layer 2, it creates a more scalable foundation for launching and trading meme coins. For years, Bitcoin maxis ignored meme coins, and meme coin traders steered clear of Bitcoin due to its slow speeds and high fees. Bitcoin Pepe is bridging this gap with the PEP-20 token standard, allowing anyone to launch and trade top meme coins on Bitcoin. Bitcoin Pepe’s presale has already raised $6.6m, blasting through 8 presale stages in record time. Starting at $0.021, the price has surged to $0.0295. BPEP offers early investors up to 300% potential gains before its Q2 2025 exchange listing. With a 5% price increase per stage, the demand is soaring. Moreover, Bitcoin Pepe is more than just a token—it’s an entire ecosystem. Plans are underway to launch a meme-focused decentralized exchange (DEX), cementing its status as one of the best meme coins to watch. As upcoming meme coins flood the market, Bitcoin Pepe is positioned as the go-to platform for meme coin trading on Bitcoin. PepeX.fun: A fairer model for meme coin launches emerges PepeX is trying something few have done well—making meme coin launches fair. It’s a direct response to the dominance of platforms like pump.fun, where insiders tend to win while most traders get left behind. PepeX tackles this with a capped 5% allocation for founders, anti-sniping protection, and complete transparency, which will be available through bubble mapping. What stands out, though, is the presale structure. With 30 stages and a 5% price jump every three days, early investors are incentivised without overhyping short-term gains. Just 45% of the total 5 billion supply is available in the presale, helping balance access and long-term value. The setup encourages smarter participation, not speculation. If the team executes as planned, PepeX could build the long-lasting community that meme coins have lacked. CartelFi: Turning Idle Meme Coins Into Earning Assets CartelFi (CARTFI) offers something many meme projects don’t: practical use. Instead of leaving tokens idle, the platform lets holders earn yield through DeFi farming—without selling. CartelFi’s liquidity pools center on top meme coins, with a presale structured across 30 ascending price stages—rewarding early participants with lower entry points. The total token supply is capped at 1 billion, with only 25% allocated to the presale. To support long-term value, the protocol burns 50% of all bought-back tokens, introducing a deflationary mechanism that could shift how tokenomics are approached in this space. Snek: The community-driven meme coin making waves Snek is one of the top meme coins in the market today. This meme coin blends humor, viral marketing, and community engagement to make a distinctive presence in the crypto market. By tapping into internet culture and interactive content, Snek has developed a loyal following that keeps growing. With its latest listing on Coins.ph, Snek is making waves in the meme coin space, further solidifying its growing market presence. Officially listed on 5th March, Snek continues to gain traction across major platforms, proving its strength in a highly competitive sector. Kraken has added Snek to its listing roadmap after its listing committee thoroughly reviewed it. The evaluation considered trading volume, market performance, and community strength, and Snek met all the criteria. While its future remains speculative, Snek’s strong community support makes it one of the meme coins to buy for those seeking high-risk, high-reward opportunities. Toshi: The new meme coin with explosive growth potential Toshi has emerged as one of the best meme coins to watch, blending meme culture with real utility on the Base blockchain. First launched in September 2023, Toshi gained momentum in January 2024, fueled by rising institutional interest in Bitcoin. The most significant surge came after its Coinbase listing, pushing it to an all-time high of $0.0015. Unlike many new meme coins, Toshi offers real perks beyond hype. The meme coin’s NFTOSHIS 2.0 collection, available on Magic Eden, adds value to the ecosystem, while Toshi Tools provides a DeFi suite for developers. Additionally, Toshi Mart, a 1-click meme coin launchpad, simplifies trading by sending tokens directly to Uniswap. With its growing ecosystem, Toshi is shaping up as one of the best meme coins with long-term potential. Broccoli: The latest meme coin frenzy with massive gains The Broccoli meme coin craze exploded after Binance co-founder CZ revealed his dog’s name, sparking a wave of new meme coins across the market. Traders quickly jumped in, with one investor making an insane $27.8 million by acquiring and flipping Broccoli-themed tokens. Broccoli’s popularity comes from its direct link to CZ, which fuels social media buzz and speculative buying. As liquidity surges, it has positioned itself among the top meme coins, catching investors' attention. But like many crypto meme coins, Broccoli's future isn't defined. Broccoli has high risk-reward potential, but its long-term viability depends on whether the hype holds or stalls as market trends change. Why these meme coins could lead the next crypto surge Bitcoin Pepe’s record-breaking presale is capturing serious attention, but it’s not the only one shaking up the space. PepeX and CartelFi also prove that meme coins can offer much more than just laughs. Where Snek relies on hype, Toshi chases NFTs, and Broccoli rides fleeting trends, this trio brings real utility and smart design to the table. Bitcoin Pepe blends viral energy with BTC-first mechanics. PepeX fixes launch fairness with clean tokenomics and transparent presale structures. CartelFi adds real yield through DeFi tools, giving holders passive income potential. With early Bitcoin Pepe backers already eyeing 300% gains and 193% left before the presale closes, this trio is setting the pace for the next meme coin wave. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
AI-focused crypto tokens are seeing a dip as Nvidia, the top AI chipmaker fueling the space, could soon take a major financial hit due to new U.S. export restrictions. In a filing on April 14, Nvidia said it expects around $5.5 billion in charges for the first quarter of fiscal year 2026 because of U.S. government rules limiting its AI chip sales to China. On April 9, officials told Nvidia it now needs special export licenses for its popular H20 chips and others with similar capabilities. The new restrictions target China, Hong Kong, and Macau, with the government warning that the chips could end up powering Chinese supercomputers. The H20 chip is the most advanced AI chip Nvidia is currently allowed to sell in China under the earlier rules. It’s reportedly been used by Chinese AI startup DeepSeek to train models, something that has raised concerns among U.S. lawmakers. Even though Nvidia said it plans to spend hundreds of millions over the next four years making some AI chips in the U.S. , that hasn’t stopped the stock from sliding after its latest filing and the expected hit to future revenues. NVDA dropped 6.3% in after-hours trading on April 15 to $105.10, and it’s down about 16.45% so far this year. You might also like: Crypto prices may stabilize in late Q2, rebound in Q3 possible: Coinbase report Nvidia’s decline mirrors a wider pullback in tech as Trump’s tariff escalation rattles investor confidence across the sector. Other prominent tech stocks were also in the red, with Apple down 0.20% from the previous close to $202.14, Microsoft off 0.56% at $385.73, Alphabet sliding 1.71% to $156.31, and Amazon dropping 1.33% to $179.59. Adding to Nvidia’s troubles, a “death cross” has formed on the 1-day NVDA/USD chart, a bearish technical signal where its 50-day moving average drops below the 200-day one. The last time this happened was in April 2022, and Nvidia’s stock plunged nearly 50% in the following six months. Nvidia’s 1-day price chart has formed a death cross | Source: TradingView That’s got investors in AI crypto tokens on edge, as these tokens have often reacted to Nvidia-related news mostly due to the fact that Nvidia’s hardware plays a central role in powering the AI infrastructure that many of these projects rely on. For instance, in December, reports of China launching an antitrust probe into Nvidia caused the AI crypto token market cap to drop by over 14% in a single day. In the past, a surge in the Nvidia stock price has also resulted in bullish rallies for AI tokens. Following Nvidia’s latest filing, the total market cap of AI-related tokens has fallen 3.7% in the past 24 hours, now sitting at around $20.1 billion. Trading volume also declined, signaling weaker demand. Near Protocol ( NEAR ), the biggest AI crypto by market cap, slid 5.3% over the past day. Other major tokens like Internet Computer ( ICP ), Render ( RENDER ), Sei ( SEI ), Virtuals Protocol ( VIRTUAL ), and Akash Network ( AKT ) also lost between 5% and 12%. Read more: Media Network crypto crashes 60% as trading halts on Coinbase
If you’re just looking to perform a one-off swap from Ethereum for Bitcoin, you’re probably not too concerned that you’ll likely lose a few cents in value to bots that engage in endless MEV and front-running attacks on crypto exchanges. However, if you’re a dedicated crypto trader trying to make a living by second-guessing the market, then you’ll likely be aware of how the losses from MEV and front-running can significantly add up over the long term. If that’s the case, Enclave Markets is offering what looks like a tantalizing solution with the debut of EnclaveX , said to be the first “Fully-Encrypted Exchange” platform that’s open to every crypto trader. EnclaveX is a permissionless and decentralized perpetuals exchange that offers many of the same advanced features found on popular platforms such as GMX, dYdX and HyperLiquid. The difference is it has none of the security downsides associated with those very public platforms. Whereas regular perpetuals DEX platforms use open orderbooks that anyone can view, and manipulate, EnclaveX ensures that all of its orders and transactions are obscured from view within a “secure enclave”, ensuring that no sneaky bots are able to jump the queue and pull off MEV and front-running attacks. It uses the same cryptographic security found on Apple iPhones, and it’s backed by a network of independent attestors, with each one running its own independent node to authenticate the platform’s code and hosting blockchain state. Through this, it provides the most secure trading environment possible, suitable for even the most demanding of institutional traders. EnclaveX also boasts of multi-chain credentials, enabling seamless cross-chain swaps without manual bridging. At launch, it supports USDC and other cryptocurrencies across Avalanche, Ethereum and Solana, with many more networks, including Layer-2s, set to be added in future. Its performance matches industry leaders in terms of its low-latency and deep liquidity, the company said. With the launch of EnclaveX, Enclave Markets is trying to bring the capabilities of its already-established, institutional-grade platform to every trader. “The future of trading isn't just on-chain, it's encrypted, high-performance, and permissionless,” said Enclave Markets Chief Executive David Wells. “We're putting professional-grade execution in the hands of every trader while maintaining the exceptional performance that has made Enclave the platform of choice for serious traders.” The company is planning to give traders access to more advanced trading tools through the imminent availability of “Alpha Strats”, or USDC trading vaults, which are expected to go live on the platform in the coming weeks. According to Enclave Markets, these vaults will be managed by partnering hedge funds and other “elite traders”, and provide a way for users to engage in more sophisticated trading strategies, hopefully making them more profitable, even during adverse market conditions. In essence, they will give every user the opportunity to utilize structured trades and algorithmic trading strategies, for a very small fee. Going forward, Enclave Markets plans to double down on its users with the launch of a comprehensive rewards program. It will introduce fee rebates and additional governance rights for regular users, and also talked about the possibility of a future token distribution as an incentive to grow adoption of its platform. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Breaking News for the Crypto & Tech World: In a stunning move that’s sent ripples through the tech industry and even into cryptocurrency circles, the US government has slapped new export controls on Nvidia’s advanced H20 AI chips . What does this mean for the future of AI development and the semiconductor landscape? Let’s dive into the details. Why the Sudden Halt on Nvidia H20 Exports? Semiconductor giant Nvidia, a key player in powering the AI revolution, is now facing unexpected headwinds. The US government has imposed a new license requirement for exporting its H20 AI chips to China. This isn’t a temporary measure; it’s an indefinite requirement, as revealed in Nvidia’s Tuesday filing. The reason? The US government is concerned about the “risk that the [H20] may be used in a supercomputer in China.” This development comes as a surprise to many, especially after reports last week suggested Nvidia CEO Jensen Huang might have navigated around potential restrictions. Did a dinner at Mar-a-Lago offer only a temporary reprieve? It seems the concerns about advanced AI chips ending up powering sophisticated Chinese systems have ultimately prevailed. The Financial Fallout: $5.5 Billion Hit for Nvidia The immediate financial impact on Nvidia is significant. The company anticipates a hefty $5.5 billion charge in its Q1 2026 fiscal year, ending April 27. Investors reacted swiftly, with Nvidia’s stock dropping around 6% in extended trading. This is a clear indicator of the market’s sensitivity to these US export controls and their potential long-term effects on Nvidia’s revenue streams from China. Here’s a quick breakdown of the key financial implications: Significant Financial Charge: $5.5 billion expected impact in Q1 2026. Stock Market Reaction: Approximately 6% drop in extended trading. Future Revenue Uncertainty: Potential long-term impact on Nvidia’s China business. H20: The Most Advanced Chip Now Under Scrutiny The H20 chip is particularly noteworthy because it represents the pinnacle of AI chip technology that Nvidia could previously export to China under existing regulations. It was already designed to comply with previous US export controls , making this new restriction even more impactful. This suggests a significant tightening of the regulatory environment surrounding advanced technology exports to China. Did Nvidia’s US Investment Pledge Fall Short? Adding another layer to this complex situation, Nvidia announced just on Monday a plan to invest hundreds of millions of dollars in manufacturing AI chips in the US over the next four years. This announcement followed reports of CEO Jensen Huang’s discussions and commitments at Mar-a-Lago. While seemingly a positive step, pundits quickly pointed out the lack of concrete details in Nvidia’s commitment. Was this pledge insufficient to allay US government concerns, or was the decision to impose US export controls already in motion? DeepSeek’s R1 Model and the Supercomputer Connection The article points to a critical link: multiple government officials raised concerns about the H20 chip being used to train models from DeepSeek, a China-based AI startup. DeepSeek’s R1 “reasoning” model, which caused a stir in the US AI market in January, is specifically mentioned. This connection between the H20 chip, Chinese AI development, and the potential for supercomputer applications seems to be at the heart of the US government’s decision. To summarize the concerns: DeepSeek Connection: H20 chips allegedly used to train DeepSeek’s advanced AI models. R1 Model Impact: DeepSeek’s R1 model challenged the US AI market, raising concerns about Chinese AI capabilities. Supercomputer Risk: Fear that H20 chips could power Chinese supercomputers, enhancing their technological and potentially military capabilities. What’s Next for Nvidia and the AI Chip Landscape? Nvidia has declined to comment on these new US export controls . The industry is now watching closely to see how Nvidia will adapt to these restrictions and what long-term strategies they will employ. Will they need to further localize manufacturing? Will they develop modified chips specifically for the Chinese market that still comply with regulations? The future of AI chip exports and the global semiconductor industry is now even more uncertain. Key Takeaways on US Export Controls and Nvidia H20: Indefinite License Requirement: US government mandates licenses for Nvidia H20 AI chip exports to China indefinitely. Supercomputer Concerns: Risk of H20 chips being used in Chinese supercomputer development is the primary driver. Financial Impact: Nvidia anticipates a $5.5 billion charge and stock market reacted negatively. Geopolitical Implications: Escalating tensions in the tech race between the US and China. Industry Uncertainty: Raises questions about the future of global AI chip supply chains and international technology trade. This move by the US government is a significant escalation in the ongoing tech rivalry and underscores the strategic importance of AI chips in the global landscape. For the cryptocurrency and tech communities, this development highlights the interconnectedness of geopolitics, technology, and market dynamics. Keep an eye on Bitcoin World for further updates on this developing story and its broader implications. To learn more about the latest AI market trends, explore our article on key developments shaping AI institutional adoption.
South Korean candidate Hong Joon-pyo says he’ll scrap crypto rules like U.S. President Donald Trump did, aiming to make blockchain a key industry. South Korean presidential candidate Hong Joon-pyo says he’ll remove crypto regulations similar to how they were rolled back during the Trump administration in the U.S., pledging to boost blockchain in the country. During a policy event in Seoul on April 16, Hong said he will “dismantle regulations to the extent seen under the Trump administration” in an effort to “foster blockchain and virtual assets as a single industry,” Yonhap News Agency reports . Hong, a candidate in the People Power Party’s presidential primary, held a policy briefing focused on the economy, labor, and science and technology. There, he reportedly announced 27 pledges centered on private-sector growth, including major commitments to future industries like artificial intelligence, quantum technology, and superconductors. You might also like: South Korea sets timeline to finalize path for institutional crypto deals Hong’s position sets him apart from other candidates by openly connecting deregulation and blockchain development with national economic strategy. Originally scheduled for March 3, 2027, presidential election in South Korea was pushed forward to June 3 this year following the impeachment and removal of Yoon Suk Yeol. Hong’s pledge aligns with the country’s growing interest in blockchain. South Korea’s National Pension Service, the world’s third-largest public pension fund with over $800 billion in assets under management, is reportedly looking to use blockchain to improve transaction transparency. As crypto.news reported earlier, the fund had also invested in shares of U.S.-based crypto exchange Coinbase. Read more: Apple blocks KuCoin, MEXC, and 14 other crypto exchanges in South Korea
Researchers have warned of a new vulnerability affecting certain crypto hardware wallets that allows attackers to privately sign unauthorized Bitcoin transactions and steal private keys. Cryptocurrency wallets using the Chinese-made ESP32 chip, a widely used microcontroller designed for embedded systems and connected devices, are at risk, according to cybersecurity firm Crypto Deep Tech, which flagged a major vulnerability in a recent report . Often deployed in security-critical environments and used in hardware wallets like Blockstream Jade and open-source projects such as Bowser and Colibri, these chips often act as gateways to sensitive networks or store cryptographic credentials, making the vulnerability especially severe. According to researchers, attackers can exploit the chip’s Bluetooth and Wi-Fi connectivity to inject malicious module updates, gain low-level access, and extract sensitive wallet data such as private keys. The chip suffers from multiple vulnerabilities, including a weak random number generator that makes Bitcoin private keys dangerously predictable, and broken validation checks that allow invalid or low-value keys to be used. You might also like: Chrome extension compromise puts crypto wallets at risk, analysts warn Electrum-based wallets are especially vulnerable, as the chip’s flawed hashing logic allows attackers to exploit non-BIP-137 message formatting and generate forged ECDSA signatures that validate as real Bitcoin transactions. What makes this vulnerability especially concerning for crypto users is its stealthy execution. In a real-world test case, Crypto Deep Tech researchers were able to exploit the vulnerability to bypass normal security checks, recover a private key, and gain access to a live Bitcoin wallet holding 10 BTC without alerting the user at any point. The risks aren’t limited to just cryptocurrency wallets. The vulnerability opens the door for large-scale supply chain attacks, state-level espionage, and coordinated theft campaigns targeting any network where ESP32-powered devices are in use. To mitigate the threat, researchers advised using trusted devices, keeping Bitcoin software up to date, and relying on secure cryptographic libraries to avoid risks like key theft and transaction forgery. Although considered a secure alternative to software wallets, which are often exploited , hardware wallet vulnerabilities remain a serious issue for cryptocurrency enthusiasts. Last month, Ledger Donjon researchers found that wallet maker Trezor’s latest Safe models still rely on a general-purpose microcontroller that is vulnerable to physical attacks. Despite having a certified secure element for PIN and secret storage, the STM32-based chip used in Trezor devices could reportedly be exploited through voltage glitching, an attack that can be carried out purely in software and is nearly impossible to detect. Read more: What are crypto wallets? The ultimate wallet guide for 2025