Italy’s Economy Minister warned that U.S. dollar stablecoins threaten euro stability more severely than trade tariffs. As stablecoins become popular for cross-border transactions, the ECB accelerated its digital euro project to counter fragmentation of the EU payment industry. Meanwhile, U.S. lawmakers advanced the STABLE Act to regulate stablecoin issuers.
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Category: Cryptocurrencies
Breaking: Bitwise Unveils 4 Crypto ETPs on LSE—Will Institutions Finally Flock to Crypto?
Bitwise launched four physically-backed crypto exchange-traded products on the London Stock Exchange, including Bitcoin and Ethereum offerings. Following Bitwise’s acquisition of ETC Group, these products provided institutional investors regulated exposure through cold storage custody and independent trustees, further expanding the firm’s European presence.
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Bitcoin Could Face Extended Consolidation Despite Bullish Hype: 10x Research
Bitcoin may be entering a period of extended consolidation, according to 10x Research’s head of research Markus Thielen.
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Healthcare Firm Semler Scientific Reports Q1 Paper Losses on Bitcoin Holdings
Semler Scientific reported significant paper losses on its Bitcoin holdings for the first quarter of 2025, as the cryptocurrency experienced a notable price correction.
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Bitcoin Drops to $83,000 — China Sells, Meliuz Stacks 45 Coins
Bitcoin slips to $83,380 amid conflicting global signals. Meliuz embraces BTC as a treasury asset, while China quietly offloads holdings. Ripple CEO sees $200K ahead.
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Markets Turn Red as Nvidia Plunges on $5.5B Charge From China Chip Ban
Equity and crypto markets took a hit late Tuesday after chipmaker Nvidia revealed it expects to take a $5.5 billion charge in its upcoming earnings due to U.S. export restrictions.
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Can XRP Defy the Bear Market Again? Price Analysis as Altcoin Inflows Return
Products tracking altcoins posted net outflows across the board last week, except for XRP funds, marking a potential turnaround.
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Market Structure Legislation Will Boost Bitcoin: Satoshi Act Co-Founder Dennis
The upcoming market structure legislation would clarify Bitcoin’s regulatory status by dividing oversight between the SEC and CFTC. Dennis Porter, co-founder of the Satoshi Act Fund, predicted substantial capital inflows following its passage. Meanwhile, U.S. states like Louisiana, Oklahoma, and Texas advanced their own pro-Bitcoin policies, including state-level Bitcoin reserves.
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SOL Strategies and Pudgy Penguins Launch PENGU Validator on Solana Network
SOL Strategies partners with Pudgy Penguins to launch the PENGU Validator on Solana, offering secure staking infrastructure and attractive returns while expanding support for the blockchain and Pudgy Penguins’ growing ecosystem.
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New Poll Shows Americans Believe Tech Companies, Elon Musk Has Too Much Power Over Government
The April Elon Musk Poll conducted by UMass Amherst showed growing public skepticism about tech influence in government, as over half of respondents believed Musk had excessive power. With 59% doubting his ability to separate business interests from his governmental role, Democrats moved to introduce legislation for stronger ethics oversight.
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