Category: Bitcoin News

Bitcoin ETFs Add $186 Million as Broad Market Rally Continues – Markets and Prices Bitcoin News

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Key Takeaways Bitcoin ETFs added $186.03 million, with Blackrock IBIT driving $291.86 million in concentrated inflows. Ether ETFs gained $67.85 million over 5 days, signaling broader and steadier investor demand. XRP added $17.11 million and Solana $5.36 million, suggesting wider market participation may continue. Crypto ETFs Extend Gains With Strong Inflows Across Assets Momentum is no longer tentative. It is building. For a second straight session, crypto ETFs moved in unison, drawing capital across all major assets. The tone has shifted from cautious re-entry to something more confident, though not…

Bitcoin eyes $76,800 ‘breakeven wall’ as macro tailwinds build

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Bitcoin hovers near $75k with on-chain data flagging $76,800 as key resistance, while Morgan Stanley’s cut‑price MSBT ETF pulls in $100m amid easing macro headwinds. Summary Bitcoin is trading near $75,000, with on-chain data flagging $76,800 as key resistance where short-term holders may take profits. A new Morgan Stanley spot bitcoin fund has already attracted more than $100 million in inflows with a market‑low 0.14% fee, intensifying ETF fee competition. Geopolitical tensions, a weaker dollar and lower U.S. yields are supporting BTC, even as Iran risk and energy prices keep…

Elon Musk’s X Money Sparks Elizabeth Warren Warning as Oversight Pressure Intensifies – Bitcoin News

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Key Takeaways: Warren flagged Elon Musk’s X Money launch as posing consumer and security risks. Concerns tie X expansion to crypto rules and oversight gaps under the GENIUS Act. The letter calls for congressional attention as X moves further into financial services. Elizabeth Warren Targets X Money Over Risks and Oversight Gaps Digital payments and stablecoin policy are drawing sharper scrutiny as technology platforms move toward financial services. On April 14, Senator Elizabeth Warren (D-MA), ranking member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to…

Bitcoin think tank says US tax rules ‘paralyze’ everyday BTC payments

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A new Cato Institute paper argues that U.S. capital gains rules make “bitcoin taxes make no sense,” burying everyday BTC payments in paperwork and locking the asset into a hoarding role instead of money. Summary Cato Institute’s Nick Anthony argues US capital gains rules make daily bitcoin spending “make no sense.” Treating BTC as property forces users to track tax lots on small purchases, from coffee to groceries. Cato urges scrapping gains on crypto payments or adopting a higher de minimis threshold than the current $200 proposal. The Cato Institute…

Exodus Broadens Native XRP Wallet Support as Ripple Partnership Deepens Around RLUSD and XRPL Growth – Wallets Bitcoin News

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Key Takeaways: Exodus is rolling out tools to manage and send XRP directly in-wallet. XRP demand drives deeper integration as usage remains strong on Exodus. RLUSD support signals broader XRPL expansion and tighter Ripple alignment. Exodus Expands Native XRPL Wallet Tools Self-custody wallet providers are racing to deepen native blockchain access as user demand shifts toward direct asset control. Digital asset software company Exodus Movement Inc. (NYSE American: EXOD) announced on April 16 expanded support for XRP Ledger (XRPL) inside its wallet. The move also broadens cooperation with Ripple around…

Tether Steps In With $150M Support Plan After Drift Protocol Loses $285M in Exploit – Crypto News Bitcoin News

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Key Takeaways: Tether committed up to $127.5 million toward Drift Protocol’s recovery plan following the April 1, 2026 exploit. The $150 million recovery structure ties Drift user repayments to platform trading revenue, not upfront capital alone. Drift will replace USDC with USDT at relaunch, bringing 128,000 users and 35 ecosystem teams onto Tether’s stablecoin. Solana DeFi Platform Drift Taps Tether for $150M Recovery After April Hack Tether is contributing up to $127.5 million of that total, with additional support coming from other partners. The plan is structured around trading activity…

Bitcoin liquidation cluster builds around $70.7k and $78k as leverage creeps back

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Coinglass flags $1.64b in BTC longs at risk below $70,721 and $1.25b in shorts above $78,068 as Bitcoin grinds in a tightly leveraged $70k–$78k range. Summary Coinglass data shows $1.64b in BTC longs at risk if price dips below $70,721. Another $1.25b in BTC shorts could be wiped out if Bitcoin breaks above $78,068. Traders face a narrow band between major liquidation pockets as BTC hovers in the mid-$70,000s. According to Coinglass, if Bitcoin (BTC) falls below $70,721, the cumulative long liquidation intensity on major centralized exchanges (CEXs) climbs to…

China Yuan Stablecoin Could Arrive in 3 to 5 Years, Circle CEO Says – Crypto News Bitcoin News

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Key Takeaways: Circle CEO Jeremy Allaire predicted China could launch a yuan-backed stablecoin within 3 to 5 years. USDC grew 72% year-on-year to $75.3 billion by end-2025, boosted by U.S.-Iran war demand for portable dollars. Hong Kong has already issued stablecoin licenses to HSBC and others, positioning it as a likely launchpad for CNY tokens. Allaire: ‘There’s a Tremendous Opportunity for a Yuan Stablecoin’ Speaking with Reuters in Hong Kong, Allaire said stablecoins have become a mechanism for countries to extend their currencies into global trade and payments. He placed…

Bitcoin Tests $75,000 as Whales Accumulate 270,000 BTC – Markets and Prices Bitcoin News

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Key Takeaways: Bitcoin tests $75,000 with $200 million to $450 million daily ETF inflows, but rising sell pressure attempts to cap gains. Whales added 270,000 BTC in 30 days, yet 11,000 BTC/hour exchange inflows signal distribution. Resistance at $76,800 may trigger a pullback unless institutional demand absorbs supply. Selling Pressure Builds as Bitcoin Rally Faces Resistance Bitcoin’s advance toward the mid-$70,000 range is encountering mounting resistance, as steady institutional demand runs into a wave of supply from large holders. The cryptocurrency has climbed from around $71,000 to the mid-$70,000s in…

A Look at What Changed – Op-Ed Bitcoin News

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What changed, specifically The following guest post was written by Farhan Haider (@iamFHG), Verse Community Member The rescission letter does not hand banks an open mandate. It permits regulated banks to provide services to VASPs registered with PVARA, and it sets conditions. Client crypto funds must sit in segregated accounts, separated from standard client deposits. Banks themselves cannot hold, trade, or invest in virtual assets with their own balance sheet or with customer money. Every VASP client must be screened against AML and sanctions obligations, with ongoing monitoring tied to…