Following a reserve crisis that hit TrueUSD and Justin Sun’s intervention, First Digital Trust denied claims of insolvency. The Trust, at the center of the fiasco, says it is fully solvent while accusing Sun of sensationalism. First Digital Trust Refutes Allegations Of Insolvency First Digital Trust has released a statement debunking allegations of financial impropriety and insolvency. According to the statement, First Digital Trust says it is completely solvent while accusing Justin Sun of falsehood. The Trust has been at the center of a whirlpool of a liquidity crisis involving TrueUSD (TUSD) with Justin Sun stepping in to stabilize the stablecoin with a capital injection. The Tron founder launched a tirade against the Hong Kong-based trust, accusing it of financial mismanagement including unauthorized trade finance loans. “The recent allegations by Justin Sun against First Digital Trust are completely false,” read the statement. The Trust disclosed that its FDUSD stablecoin is solvent and backed by US Treasury Bills. Per the statement, the legal dispute surrounding TUSD has nothing to do with FDUSD, accusing Sun of a smear campaign. First Digital Trust says it has not had the opportunity to defend itself in court, accusing Sun of launching social media attacks. “This is a typical Justin Sun smear campaign to try to attack a competitor to his business,” added First Digital Trust. Justin Sun Maintains His Stance Justin Sun remains firm in his resolve that First Digital Trust is insolvent while urging investors to cut ties with FDUSD. He warns that the Trust founder Vincent Chok will face the full wrath of the justice system. “First Digital Trust (FDT) is in fact insolvent,” said Sun. “If you have any relationship with it, please cut off contact as soon as possible to protect your assets.” Following his accusations, FDUSD lost its peg and traded at a low of $0.88, a steep drop before crawling to $0.98. The loss of $130 million from its market capital has rattled investors with critics taking swipes over its de-pegging. The Tron founder has covered every blade of grass in recent days, buying $75M of the Trump memecoin. Last week, Justin Sun weighed in on TRX’s halving proposal , supporting a proposal to mirror Bitcoin’s pattern. The stablecoin drama comes as the US is inching toward tighter stablecoin regulation with the GENIUS Act and STABLE Act . The post First Digital Trust Denies Justin Sun’s Allegations, Claims Full Solvency appeared first on CoinGape .
NEO Foundation denies involvement as prices dip by 35% amidst massive selling activities.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As crypto falters, XRP and Pi holders flock to Rollblock, a rising GameFi altcoin with $11.1m presale success. Table of Contents Can XRP break above $3 in 2025? Pi coin stops downward movement after securing a major listing Rollblock starts $100k giveaway for its investors Can RBLK surge to $1 this cycle? As the crypto market faces a sharp downturn, many XRP and Pi coin holders are actively searching for more promising opportunities to protect and grow their capital. This growing demand for high-upside alternatives has led a wave of investors to Rollblock – a rising GameFi altcoin that’s quickly gaining traction for its unique approach to blockchain gaming. With $11.1 million already secured during its presale, Rollblock has established itself as a serious contender in the space. Its rapid momentum and strong fundamentals are fueling expectations that it could become the largest GameFi presale of 2025. If this pace continues, some investors believe a breakout above the $1 mark could follow shortly after. You might also like: Why Rollblock could be a safer investment right now compared to SUI and Cardano Can XRP break above $3 in 2025? XRP is trading near $2 after a 13% drop over the past week, putting the asset at a key support level. The price briefly bounced to $2.11 from $2.03, but it’s still unclear if XRP can hold above the $2 mark. Daily trading volume surged 35% to over $4 billion, yet open interest in XRP futures remains flat – showing uncertainty and a lack of strong trader conviction. On-chain metrics paint a mixed picture. TradingView data shows that XRP’s Market Value to Realized Value ratio has fallen below its 200-day moving average, a bearish sign often leading to further downside. However, some analysts suggest this may signal early accumulation, especially with XRP options volume jumping 125%, indicating growing bets on a move toward $2.50. Ripple’s ongoing SEC lawsuit adds more uncertainty. While both parties have agreed not to pursue cross appeals, a final resolution remains elusive. Some expect a settlement by August, but timelines vary. With technical and legal factors in flux, XRP’s next move depends on whether bulls can defend $2 and regain momentum – or if selling pressure takes over. Pi coin stops downward movement after securing a major listing Pi coin is trading near $0.71 after a sharp 22% drop in the past week, hovering just above its all-time low of $0.62. TradingView data paints a bearish picture, with the Average Directional Index climbing above 25 – signaling a strengthening downtrend. At the same time, Pi coin’s Chaikin Money Flow remains in negative territory, reflecting continued capital outflows and low investor confidence. Although the CMF has shown a slight uptick, hinting at minor inflows, it hasn’t been enough to reverse sentiment. Pi coin’s recent failure to reclaim $0.87 as a support level has only added to the downward pressure. While the recent listing on BTCC Exchange brought a short-lived spike in interest, it has yet to translate into sustained buying momentum from Pi coin investors. One factor that may help stabilize the token is the significant amount of Pi coin currently locked – more than 124 million tokens . This reduced circulating supply could help ease sell pressure and create the conditions for a potential rebound, especially if broader market sentiment improves. Rollblock starts $100k giveaway for its investors The online gaming industry is set to surpass $150 billion in revenue by 2025, but rising fraud – up 64% in the past two years – continues to plague the sector. Rollblock is addressing this issue by building a fully secure, blockchain-based gaming platform on Ethereum. Rollblock hosts over 8,000 AI-powered games, including live casino tables and sports betting. Each result is recorded on-chain, ensuring transparency and eliminating the risk of tampering. This focus on trust and performance is driving rapid adoption. Rollblock raised over $1 million in March through its presale and added 15,000 new players. Deposits and activity surged, catching the attention of key web3 influencers like YouTuber Freddie Finance, who praised the project’s potential. To fuel further growth, Rollblock launched a $100,000 RBLK giveaway. Ten winners will receive $10,000 each, with extra entries earned through simple community tasks like posting, inviting friends, or sharing memes. Can RBLK surge to $1 this cycle? RBLK is the core utility token of the Rollblock ecosystem, used for transaction fees, staking, and generating passive income. With a fixed supply of one billion tokens, RBLK is among the first deflationary assets in GameFi. Rollblock’s revenue model boosts its value – up to 30% of platform revenue goes to token buybacks, with 60% of the repurchased tokens burned and 40% given to stakers. Currently priced at $0.062, RBLK has surged 520% from its $0.01 presale launch. As momentum builds, many investors see $1 as a realistic target by the end of 2025, outperforming web3 giants like Pi coin and XRP. To get more information on Rollblock, visit the website or socials . You might also like: Rollblock up 510% as XRP and Solana rely on spot ETFs to stop rapid decline Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Exciting news for crypto enthusiasts in the UK and beyond! The financial landscape is shifting as the UK’s Financial Conduct Authority (FCA) has given the nod to two major players in the financial world to operate as crypto asset firms. This landmark decision paves the way for significant developments in the availability and legitimacy of crypto services within the UK market. Let’s dive into what this means for you and the future of digital assets. Why is FCA Approval a Game Changer for Crypto Services? The FCA approval is not just another regulatory tick-box; it’s a powerful signal of growing acceptance and integration of cryptocurrencies into mainstream finance. For firms like BlackRock and Galaxy Digital, securing this approval is crucial for several reasons: Enhanced Credibility: FCA approval brings a layer of regulatory oversight and trust. It assures investors and the broader public that these firms operate under established guidelines, reducing perceived risks associated with the often-unregulated crypto space. Market Access: This approval allows BlackRock and Galaxy Digital to offer a wider range of crypto services to UK clients, tapping into a significant market eager for regulated crypto investment opportunities. Institutional Adoption Catalyst: When established financial giants like BlackRock receive FCA backing for crypto services , it encourages other institutions to consider and adopt digital assets, accelerating overall market maturity. Investor Protection: FCA regulated firms are bound by rules designed to protect consumers. This means investors engaging with BlackRock and Galaxy Digital for crypto services benefit from safeguards not always available in unregulated crypto platforms. Think of it like getting a quality stamp on a product. The FCA’s approval process is rigorous, ensuring firms meet certain standards in areas like anti-money laundering, security, and consumer protection. This stamp of approval can significantly boost investor confidence and broaden the appeal of crypto services . BlackRock Crypto Expansion: Spot Bitcoin ETPs on the Horizon For BlackRock, the world’s largest asset manager, FCA approval is particularly significant as it clears the path for the rollout of its European spot Bitcoin ETP (Exchange Traded Product). What does this mean for you? Easier Access to Bitcoin: A spot Bitcoin ETP makes investing in Bitcoin simpler and more accessible for institutional and retail investors alike. It trades on regulated exchanges just like traditional stocks, removing the complexities of directly buying and storing Bitcoin. Broader Investment Options: BlackRock’s Bitcoin ETP will offer investors in Europe a regulated and potentially more secure way to gain exposure to Bitcoin’s price movements without needing to navigate crypto exchanges or wallets. Increased Market Liquidity: The entry of a major player like BlackRock into the Bitcoin ETP market can significantly increase liquidity and trading volumes, potentially leading to a more stable and mature Bitcoin market. BlackRock’s move is a strong endorsement of Bitcoin’s staying power as an asset class. Their foray into crypto services , starting with a Bitcoin ETP , could be a watershed moment, attracting a wave of institutional capital into the crypto space. Galaxy Digital’s London Expansion: Derivatives and Investment Banking in Crypto Galaxy Digital, a crypto-focused financial services firm founded by Michael Novogratz, has also secured FCA approval . This license is set to empower Galaxy Digital to significantly expand its operations in London, a global financial hub. Their focus will be on: Derivatives Trading: The license enables Galaxy Digital to offer a wider range of cryptocurrency derivatives trading services in London. Derivatives, like futures and options, allow sophisticated investors to manage risk and speculate on price movements in the crypto market. Investment Banking Services: Beyond trading, Galaxy Digital can now offer investment banking services in London, catering to companies in the digital asset space. This could include services like fundraising, mergers and acquisitions advisory, and strategic consulting, all tailored for the crypto industry. Institutional Focus: Galaxy Digital’s expansion in London underscores the growing institutional interest in crypto. Their services are primarily aimed at institutions looking to engage with digital assets in a more structured and regulated manner. Galaxy Digital’s enhanced presence in London signals the increasing sophistication and institutionalization of the crypto market. Their ability to offer derivatives and investment banking crypto services in a major financial center like London is a testament to the sector’s maturation. The Ripple Effect: How FCA Approval Boosts Crypto Adoption The combined FCA approval for BlackRock and Galaxy Digital sends a powerful message: the UK is serious about becoming a hub for responsible crypto innovation. This regulatory green light is expected to have several positive ripple effects: Increased Investor Confidence: Regulatory clarity reduces uncertainty and boosts investor confidence in the crypto market. This can attract more capital, both institutional and retail, into digital assets. Attracting Talent and Innovation: A supportive regulatory environment like the UK’s can attract crypto companies, talent, and innovation. This can lead to the development of new crypto services and technologies within the UK. Global Regulatory Influence: The FCA’s approach can serve as a model for other jurisdictions considering crypto regulation. A clear and balanced regulatory framework in a major financial center like London can influence global standards. Mainstream Acceptance: As traditional financial institutions like BlackRock embrace crypto services under regulatory approval, it further normalizes and mainstreamizes cryptocurrencies in the eyes of the public and financial industry. In essence, the FCA approval acts as a catalyst, accelerating the integration of crypto into the traditional financial system and fostering a more mature and regulated digital asset market. Navigating the New Landscape of Crypto Services: Key Takeaways This development is undoubtedly exciting, but what should you, as someone interested in crypto, consider? Do Your Research: While FCA approval adds a layer of security, always conduct your own due diligence before investing in any crypto services or products, including Bitcoin ETP s. Understand the risks involved. Understand the Products: Familiarize yourself with the specifics of products like Bitcoin ETP s and crypto derivatives before investing. Ensure they align with your investment goals and risk tolerance. Stay Informed: The crypto regulatory landscape is constantly evolving. Keep up-to-date with developments from the FCA and other regulatory bodies to make informed decisions about crypto services . Consider Professional Advice: If you are unsure about navigating these new crypto services , especially complex products like derivatives, consider seeking advice from a qualified financial advisor. Conclusion: A Bold Step Forward for Crypto in the UK The FCA approval for BlackRock and Galaxy Digital to offer crypto services is a monumental step forward for the crypto industry in the UK. It signifies a maturing market, increasing regulatory acceptance, and greater accessibility for both institutional and retail investors. As BlackRock gears up for its European Bitcoin ETP rollout and Galaxy Digital expands its derivatives and investment banking offerings in London, the UK is positioning itself as a key player in the global crypto landscape. This is not just good news for crypto firms; it’s a positive development for the entire financial ecosystem, promising innovation, growth, and a more inclusive financial future. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption.
Bitcoin's price fluctuated due to new tariff announcements. Potential recovery in the cryptocurrency market signals medium-term optimism. Continue Reading: Bitcoin Prices React to New Tariff Announcements: What’s Next? The post Bitcoin Prices React to New Tariff Announcements: What’s Next? appeared first on COINTURK NEWS .
U.S. President Donald Trump’s latest tariff announcements have sent ripples through the cryptocurrency market, causing Bitcoin prices to fluctuate dramatically. The implementation of a 25% tariff on foreign-made automobiles and
The president had dubbed his self-imposed tariff deadline “Liberation Day.”
The community behind the decentralized exchange Uniswap has voted to allocate $111 million worth of UNI tokens to large and active but underrepresented delegates. In a preliminary “temperature check” vote, about 60% of Uniswap’s governing decentralized autonomous organization (DAO) voters approved the proposal, sending it to a full vote for implementation. Uniswap has $3.8 billion in total value locked (TVL) across 34 chains, according to DeFiLlama. In February, Uniswap Labs launched Unichain, a DeFi-focused Layer 2 blockchain built on the Optimism Superchain. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
After a long wait, US President Donald Trump announced his reciprocal tariffs in his long-awaited speech, casting doubt on the next Bitcoin price. Determined to set trade policies for the benefit of the United States, President Trump said it is time for Tit-for-Tat tariff policies. This announcement has temporarily derailed the price of Bitcoin. The coin has now stalled from its short-term rally. President Donald Trump Reciprocal Tariff, What to Expect The Liberation Day’s impact on the crypto market has long been analyzed. Despite the previously announced tariffs on autos and other markets, President Trump said the tariffs will also expand to “nonmonetary” barriers like currency manipulation and “pollution havens.” Besides this, in the President’s speech, countries like Cambodia may see charges of up to 49% on goods. China, India, and the European Union will face 34%, 26%, and 20% tariffs. Per the list of countries released by the Presidency, the U.S. government discounted its tariffs on the nations involved. This is a breaking news, please check back for updates!!! The post President Donald Trump Announces Reciprocal Tariffs, What Next For Bitcoin? appeared first on CoinGape .
US President Donald Trump announced in his live speech that a 10% base tariff will be applied to all countries. However, Trump made the following statements on the subject and published a list of countries where he would specifically impose different customs duties: I am telling the leaders of all countries to end the tariffs you are imposing on (the United States) and start buying American goods. For countries that do not treat us well, we will calculate the total amount including non-monetary barriers. The retaliation rate will be half of the customs duty rates, which will not be exactly equal. The European Union will impose a 20% retaliatory tariff on each country. Goods imported from Japan will be subject to a 24% customs duty. When the details of the customs duties, which were initially perceived as 10% and considered to be low, were revealed, there was a sudden drop in the price of Bitcoin. Related News: BREAKING: Donald Trump Speaks About Tariffs That Will Affect All Markets, Including Cryptocurrencies - LIVE Tariff rates announced by Donald Trump. You can access the Turkish version of customs duty rates from this post we shared from our official X account: ABD, ülkelere uygulayacağı gümrük vergisi listesini açıkladı: pic.twitter.com/E5jln5omIv — Bitcoin Sistemi (@bitcoinsistemi) April 2, 2025 *This is not investment advice. Continue Reading: BREAKING: Donald Trump Announces Tariff Rates for All Countries – Here’s The List