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  • Bitcoin risks 10%-15% BTC price dip after key rejection near $89K
    by William Suberg on April 22, 2025 at 6:08 am

    Bitcoin faces “overbought” stochastic RSI conditions while the 200-day exponential moving average swats price down after it sets fresh April highs. Bitcoin (BTC) traders see a BTC price reversal beginning as classic resistance stops bulls in their tracks.Data from Cointelegraph Markets Pro and TradingView shows BTC/USD cooling after hitting new April highs of $88,874.Having found strength at the start of the week, Bitcoin raised hopes of a gold copycat move as the latter set multiple all-time highs.Read more

  • US judge transfers Binance lawsuit to Florida, citing first-to-file rule
    by Stephen Katte on April 22, 2025 at 6:00 am

    US District Judge Barbara Rothstein said she granted the motion because the two lawsuits were very similar and it would promote efficiency and avoid duplicative litigation. A US judge has granted Binance’s motion to transfer a case involving allegations it facilitated money laundering to the Southern District of Florida due to a similar case that had already been before the courts there.The case, filed in August 2024 in Washington, focused on the same core issue as a suit filed in June 2023 in Florida, accusing Binance of allowing cybercriminals to use the platform for money laundering, US District Judge Barbara Rothstein said in an April 21 order. “Although the two complaints describe the proposed classes in slightly different terms, both encompass the same proposed class of individuals whose cryptocurrency was stolen and transferred to a Binance.com account during the relevant period,” Judge Rothstein said.Read more

  • US Bitcoin ETFs clock biggest inflows since January as crypto markets gain
    by Jesse Coghlan on April 22, 2025 at 5:56 am

    Daily inflows into US-listed Bitcoin exchange-traded funds reached $381.3 million on April 21, their biggest single-day inflows since January. US-based Bitcoin exchange-traded funds (ETFs) had their largest day of net inflows since late January, as crypto markets remained buoyant over the Easter weekend.The 11 Bitcoin (BTC)-tracking funds saw a joint net inflow of $381.3 million on April 21, largely carried by a $116.1 million inflow into the ARK 21Shares Bitcoin ETF (ARKB), according to CoinGlass data.It’s the largest inflow day for the ETFs since the funds had a $588.1 million joint net inflow on Jan. 30, days after Bitcoin hit a peak and was trading with a six-figure price tag.Read more

  • KuCoin’s settlement with CFTC in flux after Trump policy shift
    by Martin Young on April 22, 2025 at 5:45 am

    Without a majority in the CFTC to decide on previous cases, KuCoin is still waiting for a planned settlement agreement. A planned settlement between the US Commodity Futures Trading Commission and crypto exchange KuCoin will likely be delayed after a policy shift at the CFTC to deprioritize cases against crypto companies under the Trump administration. CFTC attorney John Murphy submitted a letter on April 21 to District Judge Valerie Caproni, asking for more time to secure approval for a deal negotiated under the Biden administration, reported Law360.“It appears unlikely that such authorization will be granted in the near term,” he said, referencing a recent statement by acting CFTC Chair Caroline Pham that the agency’s enforcement division was to deprioritize cases against crypto companies.Read more

  • Law firm urges Metaplex rethink fee sweep or risk ‘extended litigation’
    by Brayden Lindrea on April 22, 2025 at 5:17 am

    Burwick Law says Metaplex could be sued if it doesn’t change its plan to sweep unclaimed NFT value from its resize upgrade to its DAO treasury instead of returning them to NFT holders. Crypto law firm Burwick Law has called out Solana-based non-fungible token platform Metaplex’s plan to sweep unclaimed Solana (SOL) into its treasury instead of returning it to investors, suggesting it could be at risk of litigation if it follows through with the plan.Last year, Metaplex, an NFT protocol, discovered a way to reduce the amount of onchain storage required for certain NFTs. By resizing the NFTs, Solana NFT holders can claim a small amount of SOL. In October, Metaplex said that Metaplex Token Metadata (TM) NFT holders will be able to execute a “resize optimization” for all TM accounts with a deadline of April 25. Read more