Author: Admin-aX9d7

Thu 01 May 2025 ▪ 5 min read ▪ by Luc Jose A. What if banks, the age-old pillars of global finance, were living their final years? This is not a warning from a crypto maximalist, but from Eric Trump. From the podium of Liberty University, the businessman warned: without rapid adoption of cryptos and blockchain, banks could disappear within a decade. Thus, in a context where decentralized finance is gaining ground, this stance reveals the flaws of a system frozen in the face of accelerating technology. In Brief Eric Trump, son of the American president, warns that banks could…

Fragmentation and complicated user experience remain two of the most significant obstacles to cryptocurrency’s mainstream adoption, according to a new industry report. Most users now use at least two wallets to manage their cryptocurrency investments.The lack of interoperability across blockchains means users need to create multiple wallets to interact with different networks, with users having at least two wallets rising by 16% over the past year. According to a research report published by onchain user experience platform Reown and crypto intelligence firm Nansen, 62% of crypto users reported using at least two wallets over the past three months, up from 45% in 2024.More than…

Litecoin (LTC) price surged more than 7% on Thursday, outperforming the broader market gauge CoinDesk 20 Index, which climbed about 4%. Bloomberg Senior ETF Analyst Eric Balchunas reports that spot Litecoin ETF approval chances have surged to 90%, with a decisive deadline of October 2nd that could dramatically broaden LTC’s institutional investor base and potentially catalyze significant price appreciation.Technical Analysis HighlightsLTC-USD exhibited significant volatility with a 7.51% range ($81.82-$88.03), establishing strong support around $84.00, according to CoinDesk Research’s technical analysis data model. Price action formed an ascending channel with successful reclamation of the $86.00 level in the most recent 48…

The U.S. Securities and Exchange Commission has closed its investigation into PayPal’s dollar-backed stablecoin, PayPal USD (PYUSD), without taking enforcement action, ending a regulatory chapter that began more than a year ago, the company said.”In November 2023, we received a subpoena from the U.S. SEC Division of Enforcement relating to PayPal USD stablecoin. The subpoena requested the production of documents. In February 2025, the SEC communicated it was closing this inquiry without enforcement action,” PayPal disclosed this week in a filing. Wednesday’s filing marks the latest SEC move to drop investigations and lawsuits against crypto companies. The regulator has informed…

Major European cryptocurrency investment firm 21Shares has filed for a spot Sui exchange-traded fund (ETF) in the United States, marking another step in its expansion to the US market.21Shares on April 30 submitted the Form S-1 registration for a spot Sui (SUI) ETF to the US Securities and Exchange Commission (SEC).Called the 21Shares Sui ETF, the proposed ETF will issue common shares of beneficial interest by seeking to track the performance of SUI held by 21Shares’ US subsidiary.The US filing comes a year after 21Shares started trading the 21Shares Sui Staking exchange-traded product in Europe in July 2024, with its…

Thu 01 May 2025 ▪ 4 min read ▪ by Fenelon L. The crypto world is going through an unprecedented crisis with more than half of the digital tokens having ceased all activity. According to data from GeckoTerminal, out of nearly 7 million cryptocurrencies listed since 2021, about 3.7 million have gone bankrupt, representing an alarming failure rate of 52.7%. In Brief More than 3.7 million cryptos have ceased trading since 2021. The first quarter of 2025 accounts for nearly 50% of all recorded failures. The launch of the Pump.fun platform contributed to the explosion in the number of crypto…

Retail investors are running out of time to accumulate Bitcoin as institutional adoption accelerates, according to Sergej Kunz, co-founder of exchange aggregator 1inch. Bitcoin (BTC) is evolving into an alternative reserve currency, propelling institutional demand and potentially pricing out retail investors, Kunz said during Cointelegraph’s LONGITUDE event in Dubai. “Every retail user should be thinking about getting at least one Bitcoin — very soon they won’t be able to afford it,” Kunz said. If the United States starts buying Bitcoin for a strategic reserve, even smaller countries may soon struggle to acquire the cryptocurrency, he added. “I’m pretty sure we’ll soon see…

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Thirty-two years ago this week, in May 1993, WIRED released its second-ever print edition featuring three legendary cypherpunks on the cover: Tim May, Eric Hughes and John Gilmore. Steven Levy’s piece, “Crypto Rebels,” handily documents the genesis of the Cypherpunk movement, starting almost two decades earlier in 1975, when Whitfield Diffie led the creation of public-key cryptography alongside Martin Hellman and Ralph Merkle. Until then, the US government codebreakers had dominated cryptography through the National Security Agency (NSA). Cryptographic tools were considered weapons under the Arms…

Key takeaways:Despite weak US manufacturing data, Federal Reserve liquidity plans and strong corporate earnings keep equities and crypto afloat.The total crypto market capitalization rose 8.5% since March.Cryptocurrency traders have frequently zoomed in on the need for crypto to show a clear “decoupling” from the stock market, and over the past 10 days, the intraday movements of Bitcoin (BTC) and major altcoins have closely tracked those of the S&P 500, even as trade war developments have dominated market sentiment.S&P 500 futures (left) vs. Total crypto cap, USD (right). Source: TradingView/CointelegraphA decoupling would validate digital assets as an independent class and address…

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Privacy on the blockchain is a nice idea, but it’s hard to build. Applications like Railgun on Ethereum enable that today, but it’s computationally expensive. You could opt for a chain like Monero, but it lacks smart-contract programmability. So the holy grail of onchain privacy looks a little like this: opt-in privacy, native smart-contract programmability and, ideally, a bridge into the EVM world of DeFi. All while keeping the protocol decentralized. The Aztec team may be closest to cracking that code. Enter Aztec Network, a zk…