Tether plans to issue a new stablecoin for the U.S. market this year if Congress passes legislation: The Information — link | theblock
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The Information
Tether Eyes Issuing New Stablecoin for U.S. Market
Tether, by far the world’s largest stablecoin issuer, says it plans to create a new stablecoin for the U.S. market this year if Congress passes crypto legislation. In an interview with The Information, Tether CEO Paolo Ardoino said the company “will move…
Forwarded from Binance Liquidations
Digital asset investment products saw outflows totalling $240m last week, likely in response to recent US trade tariff news that poses a threat to economic growth — link
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Hong Kong allows crypto staking for licensed platforms, ETFs as global competition heats up — link | tl;dr
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Leveraged 2x XRP ETF is launching tomorrow in US, despite spot XRP ETF still not approved — link
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X (formerly Twitter)
Eric Balchunas (@EricBalchunas) on X
A 2x XRP ETF is launching tmrw in US, the first-ever XRP ETF on the market. Very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot XRP still not approved, altho our odds are pretty high. Story via @isabelletanlee
Galaxy Digital gets SEC nod for U.S. listing, eyes Nasdaq debut in May — link | tl;dr
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Justice Department scraps crypto unit as Trump further loosens oversight of digital assets — link
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Leveraged BTC ETF exposure has returned to lows not seen since July 5, 2024 — link
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Argentina Congress backs investigation into officials over Libra memecoin — link | tl;dr
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Binance to launch LDUSDT, a second 'reward-bearing margin asset' for its futures platform — link | tl;dr
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Despite rising volatility, Bitcoin 1% market depth remains resilient. While liquidity decreased following the February 3 tariff selloff, market makers kept stable BTC exposure through March and increased it in early April, despite the global selloff on Liberation Day.
Conversely, ETH liquidity continued its decline, dropping 27% from January 1 to April 6, reaching $243 million amid ongoing underperformance — link
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Conversely, ETH liquidity continued its decline, dropping 27% from January 1 to April 6, reaching $243 million amid ongoing underperformance — link
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US Senate confirmed Paul Atkins to lead the SEC as it enters crypto friendly era — link | tl;dr
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The Block
US Senate votes to confirm Paul Atkins to lead the SEC as it enters crypto friendly era
The Senate voted to confirm President Trump's pick for SEC Chair, Paul Atkins, who is expected to embark on creating a regulatory framework for crypto.
Trump signs resolution to repeal IRS anti-DeFi crypto rule finalized under Biden, which required "custodial brokers" to collect and report user data to the tax agency — link | tl;dr
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The Block
Trump signs resolution to repeal controversial IRS crypto rule finalized under Biden, lawmaker says
President Donald Trump signed a resolution to repeal a controversial crypto tax rule finalized toward the end of the Biden administration.
Judge rules against most of DCG’s motion to dismiss NYAG’s civil securities fraud suit — link | tl;dr
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Binance met with Treasury Department to look at curbing US oversight over firm; also mulling deal with Trump family crypto venture — wsj
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WSJ
Exclusive | Binance Seeks to Curb U.S. Oversight While in Deal Talks With Trump’s Crypto Company
These moves mark the progression of a growing alliance between the Trump family and Binance, which pleaded guilty to violating anti-money-laundering laws in 2023.