Brazil bars crypto settlement in regulated cross-border payment rails
Brazil’s central bank barred virtual assets from settlement inside regulated eFX payment rails as it tightens oversight of crypto-linked flows.
SBI eyes Bitbank deal as Japan’s crypto exchange market consolidates
SBI Holdings is in discussions to make Bitbank a subsidiary, adding to its push to acquire crypto exchanges amid improving regulatory clarity in Japan.
Bitcoin seals best monthly gain in a year as S&P 500 hits fresh all-time high
Bitcoin finished April above $76,000 to preserve most of its monthly gains, but the S&P 500 stole the limelight with a trip back to record highs.
Bakkt completes acquisition of stablecoin payments firm Distributed Technologies Research
Bakkt announced the deal in January, which was originally for 9.3 million shares, along with a corporate name change to Bakkt Inc.
Bitcoin risks extended retreat as April rally was futures-driven: CryptoQuant
Futures drove up Bitcoin’s price in April while spot demand declined, which CryptoQuant warned has historically preceded extended price declines.
DeFi protocol Carrot becomes first casualty of $285M Drift exploit
Carrot’s total value locked has collapsed 93% in a month, from $28 million to $1.99 million, leaving the protocol financially unable to continue.
Bitcoiners launch ‘The Bitcoin Evidence Base’ to stamp out FUD
The Bitcoin FUD-stopping tool cites over 22 peer-reviewed research papers to address common misconceptions about Bitcoin.
Bitcoin’s surge to $77K pressures shorts, but absent spot and long leverage caps rallies
Bitcoin bulls took another swing at the $77,000 resistance, but profit-taking and traders’ reluctance to increase margin and spot longs limit the strength of each breakout.
US Senate bans itself from betting on prediction markets
The US Senate unanimously passed a rule banning members and staff from prediction markets, with a similar resolution set to be introduced in the House.
Spot Bitcoin ETF outflows top $490M: Is BTC’s rally losing momentum?
Spot Bitcoin ETF outflows reached $490 million as crypto investors considered the impact of high oil prices, Big Tech earnings and a shortfall in AI industry growth metrics.