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The leaders of a Brazilian crypto Ponzi scheme have reportedly been handed a combined sentence of over 170 years behind bars. According to a new report, the three leaders of Braiscompany, which perpetrated the scheme, were sentenced for defrauding investors out of nearly $190 million, or $1.1 billion Brazilian Reals.
Amid the recent market downturn, several developments have occurred in the Dogecoin and Shiba Inu ecosystems. These include fundamentals, which provide a bullish outlook for the foremost meme coins.
Crypto analyst Quinten recently revealed that Bitcoin has entered oversold levels. However, analyst Dr. Cat has warned that, contrary to public opinion, this development is bearish, not bullish, for the flagship crypto.
As filings pile up for proposed U.S. ETFs based on XRP, Solana, Dogecoin, and other assets, Canary aims to launch the first Tron fund.
XRP price hovers above $2.08 as traders weigh conflicting signals from spot and derivatives markets, suggesting short-term indecision. Ripple (XRP) price stagnates, mirroring BTC and ETH trends Ripple (XRP) is currently trading at $2.08, showing a modest 0.2% gain over the last 24 hours.
Revitalized activity after certain much-awaited upgrades has Hedera Hashgraph taking the number one spot on DeFi.
United States asset manager Canary Capital has filed to list an exchange-traded fund (ETF) holding the Tron blockchain network's native token, TRX (TRX), regulatory filings show. The fund intends to hold spot TRX and stake a portion of the tokens for added yield, the filing said.
Canary Capital has filed for a new exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC), proposing the Canary Staked TRX ETF launch. According to the S-1 registration statement submitted on April 18, the fund would offer investors exposure to the price movements of TRX while incorporating staking features.
An Aptos community member submitted a proposal on April 18 to slash staking rewards for the network's native token, Aptos (APT), by nearly 50%The proposal, submitted by a community member called MoonSheisty, aims at reducing reward yields from 7% to 3.79% in a three-month period, aligning Aptos staking rewards with other layer-1 blockchains and encouraging capital efficiency. The proposal has sparked curiosity on X, but early comments on GitHub show some initial resistance.
An Aptos community member submitted a proposal on April 18 to slash staking rewards for the network's native token, Aptos (APT), by nearly 50%The proposal, submitted by a community member called MoonSheisty, aims at reducing reward yields from 7% to 3.79% in a three-month period, aligning Aptos staking rewards with other layer-1 blockchains and encouraging capital efficiency. The proposal has sparked curiosity on X, but early comments on GitHub show some initial resistance.
Today commemorates the 13th anniversary of the first altcoin, the crypto asset Namecoin (NMC), whose network debuted on April 18, 2011. Although the token has dimmed over time, the network remains under active development and its proof-of-work (PoW) hashrate ranks among the highest in the crypto ecosystem.
The meme coin market is experiencing a surge in investor interest, helping certain tokens recover from their all-time lows (ATLs). Memecoin (MEME) is one such token that has avoided a new ATL and also posted a significant 73% rise.
In this edition of Weekly Crypto Regulations News, the SEC reveals plans for a crypto custody roundtable, Russia urges stablecoin development after wallet freezes, and Canada leads with spot Solana ETFs featuring staking. The post Weekly Crypto Regulation News Roundup: SEC Sets Roundtable, Russia Eyes Stablecoins, and Canada Approves Solana ETFs appeared first on Cryptonews.
eXch plans to shut down operations but refutes allegations of its role in laundering funds from February's Bybit hack.
Crypto exchange Binance is collaborating with governments to shape their crypto policies. A new report by the Financial Times states that several countries have shown interest in Bitcoin reserves and have sought Binance's advice.
The TRUMP price has dropped 90% from its all-time high, which was recorded three months ago. The latest TRUMP token could weigh down on potential bullish sentiment amid low buying pressure. Official Trump (TRUMP) memecoin unlocked 40 million tokens, worth around $300 million on Friday, April 18.
Canary Capital is looking to launch an exchange-traded fund (ETF) tracking the price of Tron's native token, TRX, according to a filing.
Ivan Soto-Wright, CEO of cryptocurrency payment firm MoonPay, is calling on US lawmakers to leave a path open to state-level regulators when passing legislation on stablecoins.In an April 18 X post, Soto-Wright said he wanted Congress to “keep state-regulated issuers in the game” when it comes to stablecoin regulation, referencing efforts in the House of Representatives and Senate to create a federal regulatory framework. Lawmakers are considering whether to pass the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, in the Senate and the Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act, in the House.
Without sufficient absorption, the risk of continued structural compression remains elevated.
Arizona is also leading the crypto reserve legislation race and Galaxy Research proposed a new voting system for Solana emissions.
Canary Capital is looking to get the SEC's sign-off for an ETF that would track the Tron token TRX and has a staking component.
The proposal echoes Solana's recent SIMD-228, which sought to curb inflation on the network, but was voted down by validators in March.
Vietnam's Ministry of Finance is partnering with Bybit to launch a pilot regulated crypto trading platform, aiming to enhance transparency, investor protection, and risk management in one of the world's most active digital asset markets. The post Bybit Backs Vietnam's Crypto Trading Pilot with Tech and Risk Support appeared first on Cryptonews.
Canadian billionaire Frank Giustra has opined that Bitcoin, the leading cryptocurrency by market cap, is merely a speculative tool:
