Author: Isabella Taylor

Defense Secretary Pete Hegseth told the House Armed Services Committee on April 30 that the Pentagon is running classified Bitcoin programs on two operational tracks — enabling the technology and countering it — and that those efforts provide the United States leverage against China “in a lot of different scenarios.” Summary Hegseth said “I am a long enthusiast of Bitcoin and crypto potential,” making him the first sitting Defense Secretary to confirm classified government Bitcoin programs in a national security context before Congress. INDOPACOM Commander Admiral Samuel Paparo separately confirmed earlier in April that US Indo-Pacific Command operates a live…

Ripple CTO Emeritus David Schwartz has pushed back against a resurfaced 2017 post in which he said XRP could not stay “dirt cheap,” rejecting the community’s reading of it as a price guarantee and separately dismissing claims that Ripple holds any hidden mechanism to massively reprice the token. Summary The 2017 post stated XRP could not be dirt cheap if it handled large global transaction volumes, but Schwartz said the comment was about how liquidity needs and transaction value relate. Schwartz said he considered deleting the post but decided against it, saying removing it would create more confusion rather than…

Cryptocurrencies have become an integral component of global finance and shattered all assumptions about their potential. You will find many use cases of cryptocurrencies across various sectors that have been driving real change in the world. However, the growing use of cryptocurrencies also draws attention towards concerns of financial and security risks. You must know how crypto audits prevent fraud and financial risks and develop trust in crypto adoption initiatives. Monthly transaction volumes of stablecoins stand at an average of $1.1 trillion, calling for increased regulatory scrutiny (Source).  Malicious actors stole almost $2.87 billion in 2025 with the ByBit hack…

Brazil’s central bank has barred crypto from settlement inside regulated eFX payment rails, forcing banks and fintechs back to fiat-only channels for cross‑border flows. Summary Brazil’s central bank has banned the use of cryptocurrencies for settlement inside regulated cross‑border payment rails, forcing banks and fintechs to use only traditional FX and real‑denominated accounts. The move, formalized in a new foreign‑exchange resolution, comes as authorities say roughly 90% of reported cross‑border crypto remittances involve stablecoins, raising concerns over tax evasion, money laundering, and monetary sovereignty. The rule does not outlaw crypto in Brazil, but it walls off virtual assets from the…

Bitcoin futures open interest has climbed 5.92% to $57.621b, signaling traders are re‑levering into BTC derivatives as open positions concentrate on a few major exchanges. Summary Coinglass data show Bitcoin’s total futures and perpetual contract open interest rose 5.92% in the past 24 hours, reaching $57.621 billion across major venues. Binance leads with $10.553 billion in BTC open interest, followed by Gate at $5.323 billion, Bybit at $4.725 billion, and OKX at $3.349 billion, underscoring how concentrated leverage remains. Rising open interest with relatively modest spot moves often signals traders are re‑leveraging, a setup that can precede sharper liquidations and…

Curve Finance is turning CRV‑linked bad debt into tradable onchain claims via crvUSD–debt pools, shifting bailouts from socialized rescues to market pricing of losses. Summary Curve Finance has introduced a market-based bad debt recovery mechanism that lets users with impaired CRV-linked lending positions either sell their claims, hold for recovery, or provide liquidity for fees and incentives. The core design creates a trading pool between crvUSD and debt tokens representing bad claims, allowing those claims to be priced onchain and giving users an immediate exit instead of waiting solely on final liquidations. Curve stressed that the mechanism cannot erase losses,…

Bitcoin has reclaimed $78,000 on Gate’s BTC/USDT pair, extending a rebound from $76,000 and keeping the market within range of the closely watched $80,000 level. Summary Gate’s BTC/USDT market shows Bitcoin trading at about $78,004, up 2.15% over the past 24 hours and back above a key resistance area traders have been watching all week. The move extends a broader rebound from lows near $76,000, keeping BTC within striking distance of the psychologically important $80,000 level highlighted in recent price commentary. Derivatives and ETF flows remain the main drivers, with prior sessions already seeing BTC oscillate between the mid‑$70,000s and…

Summary HyperInsight data show Huang Licheng has boosted his Bitcoin long to about $14.5 million with more than 40x leverage, opening around $76,357 and facing liquidation near $72,904.5. He is also running a 25x leveraged Ethereum long worth roughly $23.3 million, with an average entry price of $2,311.63 and a liquidation level at $2,202.7. The positions, taken on derivatives venue Hyperliquid, put tens of millions of dollars in notional exposure at risk if BTC and ETH see even mid‑single‑digit pullbacks from current levels. According to monitoring shared by on‑chain and derivatives tracker HyperInsight, high‑profile trader Huang Licheng has sharply increased his…

Major US banking trade groups have asked the Treasury Department and the FDIC to pause three GENIUS Act rulemaking comment periods until the OCC finalises its primary stablecoin framework, while stablecoin startup Agora simultaneously filed for a national trust bank charter on April 24 to establish a federal presence before the rules harden. Summary The American Bankers Association and the Bank Policy Institute asked Treasury and the FDIC to wait 60 days after the OCC finishes its framework before running parallel comment periods, arguing the proposals are structurally interdependent. Agora CEO Nick van Eck called the banks’ stance “not much…

Bitcoin price rose nearly 3% to $78,700 on May 1 as Iran submitted a new peace proposal through Pakistani mediators to the United States, easing oil pressure and improving risk sentiment across global markets for the second time in a week. Summary Bitcoin price climbed to $78,700 on May 1, recovering from a multi-week low near $74,900 posted just two days earlier when Trump received a military briefing on new Iran strike options. Iran submitted a revised peace proposal through Pakistani mediators on May 1, CNBC reported, with oil prices edging lower on the development as Strait of Hormuz supply…