Cryptonews

By Shayan

Here’s the deal: the Fed’s recent announcement has officially yanked out those strict supervisory letters from 2022 and 2023, which had banks jumping through hoops to deal with crypto-assets. Imagine having to ask for permission every time you wanted to play with your toys — well, that’s what the old rules felt like! 😒 Banks had to send a fancy RSVP (aka get approval) from the Fed before engaging in any crypto shenanigans. But now? Pfft! Those rules are being tossed out the window. Bye-bye red tape! 🚀

From May 2024 to April 2025, the drop in value from OTC valuations to current market prices has been nothing short of tragic. On average, the fall is about 50%. Yes, you read that right – half of your investment, *gone* faster than a magician’s rabbit. 🐇💨

Jennifer Lee, Stripe’s very own Crypto Product Overlord, dropped the bombshell announcement on Friday. She’s asking companies outside the US (because, you know, the US companies are already pretty good at this whole money thing) to get in touch if they’re, and I quote, “interested in dollar access.” You know, just in case you haven’t figured out how to access a dollar on your own. 😊

But we live in a world where the US and China’s financial tiffs swirl like ominous storm clouds, threatening to turn brave bulls into cautious lambs. One false geopolitical tremor and our gallant SUI might suddenly start a dramatic waltz with tragedy.

Basically, they sell bonds like it’s Black Friday, driving yields up so borrowing becomes as pricey as a NYC apartment. The government? They hate it, obviously.

For the past four days, XRP has been banging its head against the daily simple moving average (SMA) 50 at $2.18 like it’s a locked door at a trendy nightclub. It’s been flirting with a breakout, but no one’s letting it past the velvet rope just yet.

According to data from hashrateindex.com, a stunning 91 EH/s packed its bags and left the Bitcoin network after April 17, 2025, when the network was operating at a leisurely 917 EH/s. At its peak, just nine days earlier on April 8, it hit an all-time high of 926 EH/s, as measured by the seven-day simple moving average. But after April 17, it’s been a downhill slide, like watching your favorite TV show get canceled mid-season.

Daan insists that new coins often decide to throw a party once they’ve hit rock bottom and realized there’s nowhere else to go but up — kind of like your average Discworld wizard after a bad Monday. Add to that Bitcoin ($BTC) flexing muscles at 2-month highs and Ethereum (ETH) hanging tough like a bad smell, and suddenly the stars align for fresh recruits like $GUN and $NIL to make their debut. 🪙✨

The esteemed Romain Pellerin, CTO extraordinaire of Input Output Global, revealed this jaw-dropping numerical ballet, where 4.657 billion ADA tokens sashayed their way through the Delegated Representatives system. Talk about social networking with style!