Over the past six days, Galaxy Digital has deposited a total of 62,181 Ethereum (ETH) tokens, valued at approximately $99.46 million, into cryptocurrency exchanges Binance and Coinbase. This includes a recent deposit of 12,500 ETH worth $20 million to Binance alone. Concurrently, Galaxy Digital has been withdrawing Solana (SOL) tokens from exchanges, with total withdrawals reaching $58 million since April 14 across Binance, Coinbase, and OKX. The firm has withdrawn an additional 150,221 SOL valued at nearly $20 million recently. Reports indicate that Galaxy Digital is selling over $50 million worth of ETH to acquire SOL. Additionally, Galaxy Digital has floated an inflation proposal amid these movements in their cryptocurrency holdings. 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
The post Crypto Exchange eXch Shuts Down Amid North Korea Laundering Allegations appeared first on Coinpedia Fintech News Crypto exchange eXch has announced it will shut down on May 1 after being linked to North Korea’s Lazarus Group. The group is accused of laundering around $35 million tied to the $1.4 billion Bybit hack. eXch admitted to handling a small portion of the funds from the February exploit. The closure follows rising pressure and scrutiny over its alleged involvement, marking another major development in crypto-related cybercrime investigations.
Ivan Soto-Wright urged Congress in an open letter to ensure fair competition between state and federal stablecoin issuers in upcoming legislation. The MoonPay CEO voiced support for preserving state regulatory authority over stablecoin issuers, urging Congress to adopt key amendments proposed by the Conference of State Bank Supervisors to the GENIUS and STABLE Acts. In his letter to the Senate Banking and House Financial Services Committees, Soto-Wright emphasized the need for a dual federal-state framework, cautioning that current drafts of the legislation favor federally regulated issuers and risk marginalizing state-licensed players. Stablecoin rules shouldn’t play favorites. I’ve just sent a letter to Congress backing @CSBSNews ’s push to keep state-regulated issuers in the game. The GENIUS & STABLE Acts should support fair competition, consumer protection, and innovation. My full letter:… pic.twitter.com/NxSnwj5NYt — Ivan Soto-Wright (@ivanhodl) April 18, 2025 MoonPay, which holds 46 state money transmitter licenses and serves over 30 million customers , argued that state pathways should remain viable for permitted stablecoin issuers. “Without these amendments, MoonPay fears that legislation may inadvertently result in undue burden and outsized authority by federal regulators,” Soto-Wright wrote. You might also like: WhiteBIT reveals first participants for crypto trading tournament ICTC 2025 CSBS recommendations He specifically endorsed CSBS recommendations to ensure “genuine parity” between state and federal PSIs. These include removing provisions that subject state-regulated PSIs to stricter rules in other states, eliminating redundant Treasury recertification requirements, and narrowing federal preemption powers that could let the OCC override state consumer protections. The GENIUS and STABLE Acts aim to provide a regulatory framework for stablecoins, which Soto-Wright called a tool for U.S. dollar dominance in the digital economy. He warned that unless amended, the legislation could stifle competition, reduce innovation, and undermine consumer safeguards already in place at the state level. MoonPay recently acquired Helio and Iron.xyz to expand its stablecoin infrastructure and stands ready to work with lawmakers to finalize the bills. You might also like: Singapore should treat crypto as infrastructure, not just risk: Coinbase
Following the latest market dip, crypto analysts are eyeing high-conviction entry points—and three names keep surfacing: Ethereum (ETH) , Bitcoin (BTC) , and XRP . Each has a proven track record of rebounding fast after corrections and delivering long-term value in every major cycle. BTC continues to lead institutional sentiment and macro cycles. ETH retains its hold on the smart contract ecosystem, and XRP remains poised for wider use as clarity builds around its future integrations. Together, these assets are seen as safer entries with room for substantial upside. STAGE 6 SOLD OUT — STAGE 7 LIVE NOW MAGACOINFINANCE – The Pre-Listing Play With Built-In Power Current Price: $0.0002908 Listing Target: $0.007 25x ROI Opportunity 50% Token Bonus via MAGA50X 12,500+ Holders Already Positioned While legacy names set up for modest 10x–20x upside, MAGACOINFINANCE is sitting on a confirmed setup offering 25x returns—and that’s just based on the public numbers. Currently priced at $0.0002908 , with a listing target of $0.007 , MAGACOINFINANCE offers a clean 2,308% ROI. Investors using the MAGA50X bonus unlock even more—up to 3,645% ROI , turning early entries into life-changing positions. This isn’t just a token—it’s become a focal point of early conviction plays for 2025. The presale stage is closing fast, and analysts agree: waiting until it lists may mean missing the most strategic entry entirely. ACT NOW — STAGE 6 SOLD OUT ADA, HBAR, and LINK Stay on Track While attention shifts to emerging plays, foundational projects continue building: Cardano (ADA) is expanding its smart contract features with new development tools. Hedera (HBAR) pushes forward in enterprise adoption across global industries. Chainlink (LINK) remains the most trusted source for bridging real-world data into on-chain execution. All three are advancing—but the excitement belongs to those jumping in earlier. 50% EXTRA BONUS LIVE — USE CO-DE MAGA50X BEFORE IT’S GONE ! Conclusion Ethereum , BTC , and XRP remain buy-the-dip classics for serious investors. But in a market looking for leverage, MAGACOINFINANCE stands out with its unmatched ROI window and growing community strength. The setup is there—and the window is still open. Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Ethereum, BTC, XRP Seen as Top Buy-the-Dip Plays With 20x Upside
Are recent buyers unknowingly fuelling a looming pullback?
This content is provided by a sponsor. PRESS RELEASE. Ethereum prices have remained relatively flat, causing crypto investors to shift their gaze to new opportunities poised to disrupt the blockchain landscape. One such opportunity making waves is the Lightchain AI Developer Grant Program. With its unique focus on integrating artificial intelligence (AI) with blockchain technology,
President Trump officially creating a Bitcoin Strategic Reserve for the United States is unquestionably a historic moment for Bitcoin.
Analysts say that an altcoin season is unlikely anytime soon, citing factors such as a lack of dovish Fed policy, macroeconomic uncertainty, and insufficient liquidity drivers. According to Matrixport analysts , Ethereum’s ( ETH ) dominance has plunged nearly 50% since the launch of the U.S. Ethereum spot ETF, which failed to reignite sustained interest in the altcoin market. As a result, all recent altcoin narratives — from meme coins to AI tokens and Layer 2 ecosystems — have mostly followed a familiar “pump and dump” pattern lately, failing to sustain upward momentum. Matrixport outlined three catalysts that are necessary to revive the altcoin market: A dovish pivot by the U.S. Federal Reserve, such as interest rate cuts; Continued growth in stablecoin issuance, which reflects improving micro-level liquidity; Macro liquidity drivers, such as increased credit or government stimulus programs. Absent these conditions, analysts at Matrixport believe altcoins are unlikely to see large-scale gains any time soon. You might also like: ‘We do not need to be in a hurry’: Powell urges patience in speech However, as things currently stand, the altcoin revival looks unlikely in the near term based on these factors. First, a dovish pivot from the Fed appears unlikely. Chair Jerome Powell has recently emphasized a wait-and-see approach , noting that the central bank can afford to hold rates steady while it evaluates the economic impact of recent policies — most notably, Trump’s tariffs. On the macro liquidity side, the escalating tariff war might lead to inflationary pressure due to rising import costs, which could delay any potential monetary easing from the Federal Reserve. However, things are looking good on the stablecoin front. According to Maxtriport’s eartlier report , the market caps of the two leading stablecoins Tether ( USDT ) and USD Coin ( USDC ) have seen substantial growth over the past eight months, suggesting that liquidity is still moving into crypto amid macroeconomic uncertainty. USDT’s market cap rose by 26%, from around $113 billion in August to over $143 billion in April, despite partial delistings on some European platforms due to non-compliance with MiCA regulations. USDC saw 93% increase, growing from just over $31 billion to roughly $60 billion in the same period. To conclude, even though stablecoins have experienced significant growth, the Fed’s cautious stance and ongoing tariff tensions make a revival of the altcoin market unlikely in the near term. Metrics back this up, as the CMC Altcoin Season Index is currently sitting at just 16, indicating that altcoins are far from entering a sustained rally. You might also like: Stablecoin inflows persist amid macro uncertainty: Matrixport
In the evolving landscape of decentralized finance, the efficacy of Total Value Locked (TVL) is under scrutiny, with experts like David Silverman advocating for a more precise metric. Silverman emphasizes
In the second quarter of 2025, Dogecoin (DOGE) once again became the focus of the global crypto market. From the continuous increase in whale addresses to the significant increase in the number of daily active wallets on the chain, DOGE's market activity is breaking through the high point since this year. As a project with both cultural symbols and crypto asset attributes, Dogecoin is rebuilding its market position in an unexpected way. In response to market trends, JA Mining provides global users with stable, efficient, and low-threshold DOGE mining solutions, further promoting the win-win development of miner ecology and DOGE network security. What is JA Mining? In the era of encryption where technology is complex and market uncertainty coexists, JA Mining is committed to providing users with a compliant, safe, and low-threshold cloud mining solution. Whether beginners or veteran users, they can efficiently participate in the steady appreciation of digital assets on the platform. Why choose JA Mining? Compliance operation: The platform is regulated by the UK Financial Conduct Authority (FCA), and all transactions and capital flows are clear and traceable Efficient operation architecture: Relying on global distributed data centers to achieve all-weather intelligent computing power scheduling Energy sustainability: Green energy mining is preferred, taking into account long-term benefits and environmental responsibility Diversified asset support: Supports BTC, ETH, XRP, DOGE and other mainstream deposits and withdrawals Improved security system: Using cold and hot wallet isolation and distributed encryption technology to ensure user assets are safe and controllable New user support plan: New registered users can get a $100 reward to help quickly understand the platform mechanism and profit model How to start? In just three steps, you can quickly access the passive income channel of digital assets: 1.Register an account: Visit jamining.com, fill in your email address, and create an account 2.Choose a mining package: Choose a package with different terms and income models based on your personal investment goals 3.Start mining automatically: The system automatically runs computing tasks, and the income is settled daily, which can be checked and withdrawn in real time The following is an example of potential income you can get: (For more contract details, please pay attention to the official website of JA MINING platform: https://jamining.com/ ) Summary As the crypto market matures and the degree of compliance increases, how to manage digital assets safely and efficiently has become a problem that every participant needs to think about seriously. JA Mining takes compliance as its foundation and technology as its driving force, providing a set of mining solutions suitable for the current market environment, so that digital assets are no longer silent and returns are more predictable. If you are looking for a reliable and transparent way to participate in the long-term growth of the crypto industry, JA Mining will be a starting point worth considering. Company name: JA Mining Company website: www.jamining.com Company email: info@jamining.com Disclaimer: This is a sponsored press release 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.