Cryptocurrency news today
Like most altcoins, Shiba Inu’s price trajectory is closely tied to Bitcoin. Historically, major rallies in BTC have triggered speculative runs in meme coins like SHIB, as traders look for high-risk, high-reward assets during bullish cycles https://wedoweb.org/table-games/poker/.
Related: Stablecoin adoption grows with new US bills, Japan’s open approachThe Securities and Exchange Commission dropped a case against PayPal’s stablecoin, PayPal USD (PYUSD), on April 29. In a form, the SEC said an inquiry regarding a 2023 subpoena was being closed “without enforcement.”Market volatility provides another incentive for stablecoin growth, according to crypto intelligence platform IntoTheBlock. According to the analytics firm, these assets are increasingly seen as “safe havens in the current uncertain market.”
April 2025 witnessed crypto markets rocked by more tariffs at the direction of US President Donald Trump — controversial policies that could have influenced the outcome of Canada’s elections on April 28. On April 2, Trump levied “discounted reciprocal tariffs” on 185 countries and territories. The Dow Jones Industrial Average dropped 2,200 points on April 4, while the S&P 500 dropped nearly 6%, its largest decline since March 2020. Bitcoin (BTC) went along for the ride but broke from stocks as it recovered toward the end of the month.
Conservative rhetoric, including that of the pro-crypto party leader Pierre Poilievre, was decidedly pro-Trump. This connection may have been the Conservatives’ undoing, as quickly after taking office, Trump said that Canada should become America’s 51st state while simultaneously ramping up tariffs on Canadian goods.
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Cryptocurrency news april 2025
President Trump signs bill overturning IRS DeFi broker rule. On April 10, President Trump signed into law a Congressional Review Act of Disapproval (CRA) to overturn the Internal Revenue Service (IRS) Digital Assets Sale and Exchanges Rule, otherwise known as the « DeFi broker rule. » The DeFi broker rule previously required digital asset « brokers » to report to the IRS certain decentralized finance (DeFi) transactions conducted on their platforms. The rule defined « brokers » to include DeFi platforms, which typically are unable to collect from users the information required by the rule. The CRA prohibits any future administration from issuing similar rules without new legislation. For more information on the DeFi broker rule, see our January 2025 issue.
Chiliz announced its re-entry into the US market in preparation for the 2026 FIFA World Cup, following regulatory clarifications with the SEC. With plans to invest up to $100 million, and interest from major sports leagues like NBA and NFL, Chiliz aims to capitalize on the growing market for fan tokens, reflecting a bullish sentiment as its price surged by 10%.
The whole of 2025, starting in April 2025, shows key opportunities for crypto investors. The current market trends show promising signs of bullish momentum building up and ready to reverse from the bearish phase.
President Trump signs bill overturning IRS DeFi broker rule. On April 10, President Trump signed into law a Congressional Review Act of Disapproval (CRA) to overturn the Internal Revenue Service (IRS) Digital Assets Sale and Exchanges Rule, otherwise known as the « DeFi broker rule. » The DeFi broker rule previously required digital asset « brokers » to report to the IRS certain decentralized finance (DeFi) transactions conducted on their platforms. The rule defined « brokers » to include DeFi platforms, which typically are unable to collect from users the information required by the rule. The CRA prohibits any future administration from issuing similar rules without new legislation. For more information on the DeFi broker rule, see our January 2025 issue.
Chiliz announced its re-entry into the US market in preparation for the 2026 FIFA World Cup, following regulatory clarifications with the SEC. With plans to invest up to $100 million, and interest from major sports leagues like NBA and NFL, Chiliz aims to capitalize on the growing market for fan tokens, reflecting a bullish sentiment as its price surged by 10%.
Cryptocurrency news april 30 2025
New York AG urges Congress to pass federal legislation to regulate cryptocurrencies. On April 10, New York Attorney General Letitia James announced she sent a letter to congressional leaders urging them to pass federal legislation to strengthen regulations on cryptocurrencies and digital assets. In the letter, Attorney General James warned that « the lack of strong federal regulations on cryptocurrencies increases the risk of fraud, criminal activity, and financial instability. » She further argued that « federal regulations would bolster America’s national security, strengthen its financial markets, and protect investors from cryptocurrency scams, which now account for 10 percent of all financial fraud and 50 percent of all losses from financial fraud. » The letter came in response to the US DOJ memorandum disbanding the DOJ’s National Cryptocurrency Enforcement Team and shifting DOJ enforcement priorities regarding digital assets.
Despite XRP’s remarkable 315% rally over the past year, the token has now faded into uncertainty, as it struggles to maintain momentum in 2025. Once driven by hopes of regulatory clarity and renewed institutional interest, XRP has dropped 20% over the past month.
The sale of UNI tokens, after a 4.5-year period of inactivity, suggests a strategic move by whales that could be interpreted as a lack of confidence, thereby influencing other investors’ perceptions and contributing to the subsequent price drop and increased market volatility.
New York AG urges Congress to pass federal legislation to regulate cryptocurrencies. On April 10, New York Attorney General Letitia James announced she sent a letter to congressional leaders urging them to pass federal legislation to strengthen regulations on cryptocurrencies and digital assets. In the letter, Attorney General James warned that « the lack of strong federal regulations on cryptocurrencies increases the risk of fraud, criminal activity, and financial instability. » She further argued that « federal regulations would bolster America’s national security, strengthen its financial markets, and protect investors from cryptocurrency scams, which now account for 10 percent of all financial fraud and 50 percent of all losses from financial fraud. » The letter came in response to the US DOJ memorandum disbanding the DOJ’s National Cryptocurrency Enforcement Team and shifting DOJ enforcement priorities regarding digital assets.
Despite XRP’s remarkable 315% rally over the past year, the token has now faded into uncertainty, as it struggles to maintain momentum in 2025. Once driven by hopes of regulatory clarity and renewed institutional interest, XRP has dropped 20% over the past month.
The sale of UNI tokens, after a 4.5-year period of inactivity, suggests a strategic move by whales that could be interpreted as a lack of confidence, thereby influencing other investors’ perceptions and contributing to the subsequent price drop and increased market volatility.