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  • ‘Huge Shift’ in crypto firms’ compliance mindset, says Elliptic co-founder
    by Christopher Tepedino on April 30, 2025 at 10:30 pm

    The US government and global regulatory efforts had a major effect on crypto compliance over the past few years, according to Elliptic’s James Smith. The crypto industry has seen a significant shift toward regulatory compliance since its early days, according to James Smith, co-founder of Elliptic, a crypto compliance firm established in 2013.“In the early days, only a few companies approached compliance in a serious way,” Smith told Cointelegraph at the Token2049 event. “Coinbase was our first customer — they knew from the start that they wanted to build their business that way. But for most others, it just wasn’t a major priority.”That began to shift as regulators, including those in New York State, took a more active interest in the crypto industry. The involvement of traditional financial institutions like Fidelity and DBS Bank also contributed, as they entered the space with established compliance expectations from traditional finance services.Fidelity, for instance, offered its first crypto service for customers in 2019, while the Asian giant DBS created a digital exchange for accredited and institutional investors in 2020.Read more

  • 'To have freedom of money, you have to have freedom of speech' — CZ
    by Vince Quill on April 30, 2025 at 10:24 pm

    The Binance co-founder said the decision to invest in the social media platform X was primarily driven by a principled stand on free speech. Binance co-founder and former CEO Changpeng “CZ” Zhao took the stage at Token2049 in Dubai, United Arab Emirates (UAE), where he told the audience that his investment in social media platform X was aimed at protecting freedom of speech.The former Binance executive joined a fireside panel with macroeconomic analyst Raoul Pal to discuss the rationale behind his 2022 investment in X and artificial intelligence. Zhao said:”So, when we invested in Twitter back then, it was based on that philosophy,” Zhao continued.Read more

  • Here’s what happened in crypto today
    by Cointelegraph on April 30, 2025 at 10:00 pm

    Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Ripple reportedly made a $5 billion bid to acquire Circle, an elderly US citizen was targeted in a $330 million Bitcoin social engineering scam, and a court ruled that Tornado Cash cannot be sanctioned again.Blockchain payments firm Ripple has reportedly bid up to $5 billion in an effort to acquire stablecoin issuer Circle, but the offer was rejected.According to an April 30 Bloomberg report, Ripple put in a bid of $4 billion to $5 billion as part of an attempted takeover of Circle, which was rejected as being too low. Ripple hasn’t considered whether to make another bid to purchase the stablecoin issuer.Read more

  • Bitcoin rebounds from bearish US GDP data as dip buyers push BTC price back toward $95K
    by Big Smokey on April 30, 2025 at 9:58 pm

    Bitcoin bulls return in force as traders shake off bearish US economic news and attempt to reclaim the $95,000 level. Key takeaways: Bitcoin bulls are attacking the $95,000 level again after today’s brief US GDP-induced sell-off. Traders are semi-agnostic to negative US economic data as they expect the Federal Reserve to resume easing and rate cuts at some point in the future. Read more

  • Bloomberg Intelligence boosts Solana ETF approval odds to 90%
    by Alex O’Donnell on April 30, 2025 at 9:47 pm

    The analysts also raised estimated approval odds for other altcoin ETFs, including XRP and DOGE. Bloomberg Intelligence has boosted its estimated odds of US regulators approving a Solana exchange-traded fund (ETF) in 2025 to 90%, according to an April 30 post on the X platform. The company also set more favorable chances of approval for other altcoin ETFs, including proposed funds holding XRP (XRP) and Dogecoin (DOGE), Bloomberg analyst Eric Balchunas said in an X post. The estimates reflect an improved outlook from Bloomberg analysts. In a February analysis, Bloomberg pegged the odds of a Solana (SOL) ETF approval at only 70%. They ascribed a 65% and 75% chance of approval to funds holding XRP and DOGE, respectively. Read more