New Securities and Exchange Commission (SEC) Chairman Paul Atkins said he sees ”tremendous benefits” in digital assets and plans to work with lawmakers to create a regulatory framework for the cryptosphere, a statement made in his first public appearance at a cryptocurrency roundtable on just his fourth day in office. ”I look forward to engaging with market participants and working with my colleagues in President Trump's administration and in Congress to create a rational, targeted regulatory framework for cryptoassets,” said Atkins on April 25 at an SEC roundtable on cryptocurrencies. Atkins said digital assets have the potential to bring ”tremendous benefits,” including risk mitigation and cost savings. The regulator's change of course The SEC chief's remarks came as part of the third of five roundtables held in recent weeks at the Commission's Washington, D.C. headquarters. The current discussion, titled ”Know Your Custodian: Key Aspects of Holding Cryptoassets,” is part of the work of a special cryptocurrency working group. Atkins officially took office as SEC chairman earlier this week after being nominated by President Trump and subsequently confirmed by the Senate. Prior to his appointment, he founded consulting firm Patomak Global Partners in 2009, whose clients include banks, cryptocurrency exchanges and DeFi platforms. Atkins previously served as SEC commissioner from 2002 to 2008, where he was appointed by President George W. Bush Jr. Criticism of the previous approach The new SEC chairman did not fail to criticize the commission's previous approach to regulating cryptocurrencies under the Biden administration. ”Unfortunately, innovation has been stifled over the past several years due to market and regulatory uncertainty, which the SEC has unfortunately encouraged,” Atkins said. Former SEC Chairman Gary Gensler took a far less friendly approach to the crypto industry, arguing that most cryptocurrencies are securities and bringing charges against major crypto platforms for failing to register with the commission. Since Gensler's departure in January, the SEC has rescinded controversial guidance on cryptocurrency accounting, halted enforcement actions against major crypto industry players, and created a cryptocurrency working group to lead ongoing roundtables. Atkins has previously said that developing a clear regulatory framework for digital assets will be a top priority of his work at the SEC. The regulator's actions in the field of cryptocurrencies already differ significantly from the approach practiced in previous years. The Cryptocurrency Working Group has already held two roundtables, the last of which was devoted to crypto trading. The SEC's change of position has been a turning point for the US cryptocurrency market. The new approach, focused on cooperation and creation of clear rules, can attract more institutional investors and stimulate the development of innovations in this area.
Solana DeFi protocol Loopscale lost over $5.8 million, roughly 12% of its Total Value Locked (TVL), to a cyber exploit. The platform is still investigating how the attack happened, trying to identify the hackers involved and how they can retrieve the stolen funds. They are currently coordinating with law enforcement and security personnel to resolve the situation quickly. In an X post, the platform briefed its users on what it believes to be the main cause of the attack. Loopscale remarked, “The root cause of the exploit has been identified as an isolated issue with Loopscale’s pricing of RateX-based collateral. There is no issue with RateX itself related to this. Loss of funds explicitly affects depositors to SOL and USDC Genesis vaults.” Loopscale allows some functions while restricting others Attackers manipulated the RateX PT token pricing functions, draining 1200 SOL and $5.7 million USDC from the platform’s vaults. Soon after the attack, Loopscale closed off its markets temporarily. However, after a few hours, the protocol reactivated loan repayments, top-ups, and loop closing, while other application functions, like vault withdrawals, remained restricted. The attack mostly affects Loopscale USDC and SOL vault depositors, not necessarily borrowers or loopers on the platform. However, Loopscale has promised to reveal how many users were specifically affected, how holders will withdraw from their vaults, and a technical post-mortem. Before the attack, OShield, which audited the protocol in January and February of this year, identified several vulnerabilities. The project later posted on its FAQ that all high-risk issues had been resolved. Currently, there is still an ongoing audit by Sec3 on the protocol. Loopscale, only launched two years ago, on April 10, introduced a unique order book-based lending model to structure modular loans, providing more predictable terms and minimizing rate volatility. The protocol features fixed-rate, fixed-duration, and multi-asset borrowing, earning the support of major crypto companies like CoinFund, Jump Capital, and Solana Ventures. In 2021, the project, then called Bridgesplit, a proposed NFT yield product, secured about $4.25 million in VC funding from Solana Labs, Coinbase Ventures, and others. The crypto industry has lost billions of dollars to exploits since the start of 2025 A price manipulation on Oracle earlier this month led to the loss of $7 million for KiloEX. The platform is still planning to compensate affected users based on their resume time. The perpetual futures DEX, however, said that only trades that stayed open throughout the platform’s 10-day pause would be eligible for compensation. Moreover, per a Thursday blog post, participants were advised to close positions once KiloEX resumes to receive full value. Aside from the KiloEX attack, Bybit was hacked for $1.46 billion in February. The attack beats all previous record hacks, including Coincheck’s 2018 hack, when they lost $534 million, and Mt. Gox’s 2014 hack, with $470 million drained. North Korea’s Lazarus group is suspected of hacking Bybit after the exchange announced they traced the attack to malicious JavaScript code served from a compromised Safe AWS S3 bucket and claimed the breach originated outside its platform. As of Q1 2025, over $1.6 billion was lost in DeFi attacks. Platforms like zkLend, Ionic Money, Cardex, Four.Meme, Cashverse, BankX, and GoldReserve NFT have seen their funds drained. In February alone, the crypto industry had lost over $1.53 billion in 9 attacks, a 20% surge from January and an 18x increase from February 2024. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
A crypto analytics firm believes that Bitcoin ( BTC ) is gearing up for a fresh upside burst as it begins to outperform the stock market. In a new thread on the social media platform X, Swissblock says that Bitcoin is now “playing in its own league” after BTC held its ground amid a severe stock market sell-off this month. According to Swissblock, Bitcoin looks to be playing the part of a safe-haven asset in the midst of market uncertainty stemming from President Trump’s trade war. “Bitcoin’s decoupling from equities is confirmed: Even if sentiment around the trade war shifts, Bitcoin won’t be heavily affected. In fact – like gold – it could strengthen. Upside pressure is brewing.” Source: Swissblock/X Bitcoin is up over 15% this month while the S&P 500 is down about 1.42%. Swissblock also says that the Bitcoin Risk Index is flashing bullish for BTC. The metric aims to evaluate Bitcoin’s current risk environment by aggregating various data points, including on-chain valuation and cost-basis metrics. According to the analytics firm, the metric suggests that Bitcoin’s selling pressure is fading while upside potential is heating up. “Beware bears! Risk-Off Signal at 0 for days: clear evidence that downside pressure is vanishing. We’re in bullish stabilization – pullbacks are now launchpads for more upside.” Source: Swissblock/X Last week, Swissblock said that BTC needs to break its immediate resistance at around $95,000 to trigger new rallies. But the firm also said that BTC may first witness a retracement toward the $89,000 zone to gather bullish momentum before sparking a fresh leg up. At time of writing, Bitcoin is trading for $94,826. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Upside Pressure Now Brewing As BTC Decouples From US Stock Market, Says Swissblock appeared first on The Daily Hodl .
Cryptocurrency analysis company MakroVision has evaluated the latest developments in the Solana (SOL) price. According to the company’s statement, the expectation of a strong upward movement that they pointed out on April 9 has come true and Solana is moving towards the designated orange target zone ($160-$188). According to the analyst firm, Solana entered a strong recovery process after forming a base at the support area around $96. The rapid breakout of the red downtrend line gave the first strong bullish signal. Then, in line with the analyzed scenario, a V-shaped recovery occurred with an increase of more than 50%. Related News: Bitcoin-Friendly Senator Warns Against the FED's Trap for Cryptocurrencies Solana is currently approaching the strong resistance zone between $170 and $188, where key Fibonacci levels and notable resistances intersect, and according to the analyst firm, this marks the first major decision on the price’s direction. At the time of writing, Solana is trading at around $149. Over the past month, the price of SOL has fallen to just below $100. MakroVision said they will continue to monitor whether Solana will encounter resistance in the target area or experience a sustained trend reversal with higher highs and lows. Solana technical analysis chart shared by MakroVision. *This is not investment advice. Continue Reading: What Is the Next Price Target for Solana (SOL)? Resistance Levels Intersect at This Point
While top-tier names like Bitcoin (BTC) , Solana (SOL) , and XRP continue to show strength, the real spotlight is now shifting toward new entries showing breakout behavior. MAGACOINFINANCE is gaining attention fast and smart money is moving in before exposure fully takes off. Early signs suggest this project could be among the next big movers of 2025. Why MAGACOINFINANCE is rising on watchlists Bonus access is still available: Early-stage bonuses are shrinking as new investors enter daily. Listings are rapidly approaching: Pre-exchange access won’t stay private for much longer. Trader attention is climbing: Key trading groups and insider circles are focusing on MAGACOINFINANCE. The window for quiet positioning is closing: Timing is now the difference between early success and late chasing. MAGACOINFINANCE is showing powerful breakout potential Analyst projections are aligning around MAGACOINFINANCE because of its strong structure, steady traction, and disciplined rollout approach. Many now place MAGACOINFINANCE in the category of ranking altcoins, seeing similarities to previous stealth-phase projects that delivered enormous returns once listings and exposure accelerated. Why MATIC, ETH, APT, and INJ are at different stages Polygon (MATIC) , Ethereum (ETH) , Aptos (APT) , and Injective (INJ) remain important assets—but their early discovery phases are long past. MAGACOINFINANCE , by contrast, is still new, still exclusive, and still offering the kind of positioning that built early crypto fortunes. Final thoughts on MAGACOINFINANCE Success stories like Bitcoin , XRP , and Ethereum were written long before they became household names. Today, MAGACOINFINANCE is offering the same strategic entry point—limited access, rising momentum, and long-term potential. The opportunity is live. The advantage belongs to those who act now. Join the Presale Now at MAGACOINFINANCE.COM SMART INVESTORS ARE ALREADY IN — ARE YOU? For more information, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: A $400 Bet Could Move to $600K with XRP, MAGACOINFINANCE.COM, SOLANA, and BITCOIN
The Bitcoin price action has been quite outstanding going into the weekend, reflecting the positive market climate over the past week. According to blockchain analytics firm Santiment, here’s how different groups of investors and market participants are reacting to the recent bullish momentum and how it could impact price over the coming weeks. Can BTC Reach A New 6-Figure High? In a recent post on the X platform, Santiment revealed that there has been a positive shift in the mood of Bitcoin investors in the crypto market. This burst of optimism came on the back of the premier cryptocurrency’s run to above the $95,000 level for the first time since February 2025. Santiment shared that the excitement and FOMO (fear of missing out) in the Bitcoin market are predictably at their highest level in 2025. Specifically, the level of greed across various social media platforms appears to be climbing significantly, reaching its highest level since the election of Donald Trump as US President. On-chain data from Santiment shows that the ratio of positive commentary to negative commentary about the Bitcoin price is 2.1 bullish posts to 1.0 bearish posts, reflecting the optimistic and greedy state of the market. As a result, the analytics firm expects the flagship cryptocurrency to be quiet over this weekend. This sluggish and potentially negative price action over this weekend is connected to the retail traders who are likely to book profits around the current price. However, if the retail investors continue to sell their assets, Santiment noted that the whales (large investors) might mop up the sold coins. According to the blockchain firm, the buying activity of the whales could be bullish for the Bitcoin price, pushing the market leader toward a six-figure valuation . “If they sell here because they think we are seeing a top, whales would likely scoop up those coins and potentially push Bitcoin above $100K in the next 1-2 weeks,” the post read. Furthermore, Santiment postulates that the likelihood of reaching a local top around the current price depends on the investor sentiment (the crypto crowd’s level of fear and greed) or the decoupling of Bitcoin from the US equities market. Hence, paying attention to sentiment-related metrics could help provide insight into the next move for the Bitcoin price. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $94,546, reflecting an over 1.5% increase in the past 24 hours.
AI tokens have been on the rise in the past 24 hours, with the industry becoming the most dominant sector.
On April 27th, Synthetix made significant strides in its operational framework by officially transitioning to the new **420 staking pool** as outlined in the **SCCP-403 proposal**. This strategic upgrade has
In a significant development for the crypto market, the TRUMP token has shown impressive gains following its announcement related to the Trump banquet plan. Over the past nine days, the
Recent analysis indicates that Bitcoin (BTC) is currently undervalued by 40%, coinciding with a surge in institutional ETF purchases that reflects growing confidence. This price discrepancy has attracted significant attention,