Connect with us
DAPA Banner

Crypto World

Senator Tillis Draws New Red Line on the CLARITY Act

Published

on

Senator Tillis Draws New Red Line on the CLARITY Act

Sen. Thom Tillis is drawing a second red line, vowing to vote against the Clarity Act without ethics language targeting the Trump family’s crypto businesses.

The Republican broke ranks just days after lifting his hold on Kevin Warsh’s Fed chair confirmation. That blockade ended Sunday only after the Justice Department dropped its criminal probe of Fed Chair Jerome Powell.

Negotiations Inch Toward a Bipartisan Deal

Tillis is the first Senate Banking Republican to publicly demand ethics language in the bill. He joined Democratic negotiators pushing a provision aimed at the Trump family’s crypto holdings.

The proposed text would bar federal officials, including the president, from sponsoring or issuing digital assets. This is what the retiring North Carolina senator demands.

Advertisement

Sens. Adam Schiff and Ruben Gallego are leading Democratic talks on the ethics provision. White House crypto policy adviser Patrick Witt is steering negotiations alongside GOP Sens. Cynthia Lummis and Bernie Moreno.

Schiff said the parties are narrowing their differences as other parts of the bill come together. Republicans on the Senate Banking Committee aim to advance the legislation in the coming weeks.

“There has to be ethics language in the bill before it leaves the Senate, or I’ll go from one of the people working on negotiating it to voting against it,” Tillis reportedly told Politico.

Trump Crypto Empire Tops $1 Billion

The Trump family’s crypto ventures account for more than $1 billion of their wealth, according to Politico. World Liberty Financial, co-founded by Trump and his sons, launched the USD1 stablecoin and applied for a federal banking license.

Advertisement

An entity tied to the Official Trump (TRUMP) meme coin hosted nearly 300 top holders at a Mar-a-Lago conference Saturday.

Republicans face a narrow legislative window before the midterm elections. Tillis’s pattern of conditional votes shows how hard passage will be without a bipartisan ethics deal.

The post Senator Tillis Draws New Red Line on the CLARITY Act appeared first on BeInCrypto.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Top 3 Meme Coins to Watch in Final Week of April 2026

Published

on

Top 3 Meme Coins to Watch in Final Week of April 2026

The April meme coin rally accelerated as Pudgy Penguins (PENGU), MemeCore (M), and SPX6900 (SPX) posted weekly gains between 19% and 32%, with each chart now testing decisive Fibonacci levels.

The three tokens dominate this week’s meme coin leaderboard, but their technical setups diverge. One faces a stretched RSI, another breaks fresh resistance, and the third attempts a breakout on uncertain volume.

MemeCore (M) Stalls Near $4.86 After Fibonacci Extension Hit

MemeCore (M) trades near $4.19 after a 23% weekly advance, holding within the upper Fibonacci pocket between the 0.786 and 1.0 retracement levels. The token printed a recent swing high of $4.86 on April 24.

The Fibonacci structure draws from the November low and a second test of that same low on February 1. After retracing toward the 0.618 golden pocket near $3.46, buyers stepped back in.

Advertisement

That bounce coincided with a retest of an ascending exponential curve and the green-box support zone close to $3.00.

M daily chart / Source: Tradingview

Momentum signals warrant caution. The Relative Strength Index (RSI) sits at the edge of overbought territory and prints one bearish divergence against the latest swing high. Volume is also contracting, which weakens the case for an immediate continuation.

A clean break above $4.86 opens the path to the 1.272 Fibonacci extension at $5.85, the next bullish target. Failure to reclaim that high keeps M trapped in the upper pocket and exposes a deeper retest of the $3.46 golden pocket.

Pudgy Penguins (PENGU) Powers Meme Coin Rally With Breakout

PENGU trades near $0.0096 after a 32% weekly surge. The token broke decisively above the $0.008 resistance zone that had capped price action since early February, flipping that level to support.

Advertisement

The breakout escapes a multi-month accumulation range that formed between $0.006 and $0.008. Daily volume picked up sharply during the move, supporting the validity of the breakout. RSI climbs toward the overbought line yet has room to run before signaling exhaustion.

PENGU daily chart / Source: Tradingview

Price now contests the 0.5 Fibonacci retracement at $0.0096, the immediate resistance flagged on the chart. A long upper wick shows sellers defending the level. Holding above $0.008 keeps the bullish structure intact.

A daily close above $0.0096 sets the next destination at the 0.618 golden pocket near $0.0106. Beyond that, the $0.013 zone marks the prior resistance shelf and aligns with the 1.0 Fibonacci level. Loss of $0.008 invalidates the breakout.

SPX6900 (SPX) Breakout Lacks Volume Confirmation

SPX6900 (SPX) sits near $0.3839 after a 19% weekly advance, mirroring a setup the token printed earlier in the year. Price emerged from an accumulation channel between $0.27 and $0.35 that held throughout most of February, March, and the first half of April.

Advertisement

The current resistance challenge sits at the 0.382 Fibonacci retracement near $0.426, the next zone where sellers have previously blocked rallies. RSI hovers around 60 and tilts higher, which fits a healthy uptrend rather than an overheated reading.

Bollinger Bands have widened, with price riding the upper band. That expansion confirms increasing volatility and a bullish bias on the short-term tape. Volume tells a different story. The breakout attempt prints on subdued turnover, reducing conviction in the move.

A volume-backed close above $0.426 would unlock the 0.5 retracement near $0.489 and then the 0.618 golden pocket at $0.55.

Without participation, SPX risks slipping back into the upper end of the accumulation channel near $0.35, with the lower bound at $0.22 acting as the structural floor. Broader sector rotation into meme coins could supply the missing volume.

Advertisement
SPX daily chart / Source: Tradingview

The post Top 3 Meme Coins to Watch in Final Week of April 2026 appeared first on BeInCrypto.

Source link

Continue Reading

Crypto World

Western Union to Launch USDPT Stablecoin in May: Western Union

Published

on

Western Union to Launch USDPT Stablecoin in May: Western Union

Western Union plans to roll out its USDPT stablecoin next month, alongside a digital wallet network and Stable Card for global payments.

Western Union will launch its USDPT stablecoin in May as part of a broader digital assets strategy, CEO Devin McGranahan announced. The stablecoin rollout will integrate with a new network connecting digital wallets to Western Union’s existing retail infrastructure and a planned global Stable Card for payments.

Western Union is embedding digital assets into its core money movement platform, positioning stablecoin settlement as a central feature alongside its legacy remittance and payment services. The USDPT launch represents one of the largest traditional financial institutions moving into stablecoin issuance and crypto infrastructure integration.

Sources: Cointelegraph | The Block | Crypto.news

Advertisement

This article was generated automatically by The Defiant’s AI news system from publicly available sources.

Source link

Continue Reading

Crypto World

Bitcoin Mining Goes Open-Source as Tether Publishes Framework

Published

on

Crypto Breaking News

Tether has rolled out an open-source development framework for Bitcoin mining, aiming to give operators and developers a unified control layer over both hardware and software across multiple mining sites. The company described the framework as a modular, scalable option designed to move mining operations away from fragmented, vendor-locked toolsets toward a cohesive stack that can monitor devices, automate workflows and host custom applications from a single interface.

Dubbed a development framework, the kit blends a backend software development kit with user interface tools to enable cross-site oversight. Its architecture exposes standardized functions from mining hardware, allowing independent modules to be added without rewriting the core system. Tether said the design supports a wide range of machines, services and locations, enabling operators to tailor dashboards and automation while preserving a common control layer.

Compatibility spans Windows, macOS and Linux, and the framework is pitched to scale from a single rig to large industrial deployments. In its release notes, Tether highlighted features for automation, continuous monitoring and coordinated hardware management, all aimed at simplifying operations in environments where interoperability has historically been a challenge and vendor lock-in has raised costs.

The MDK builds on Tether’s prior open-source work with Mining OS, expanding the stack with a development layer that makes it easier to build dashboards, workflows and analytics atop existing mining infrastructure. In short, the company frames the release as an evolution of openness in the Bitcoin-mining software ecosystem.

Advertisement

The timing aligns with broader industry activity and capital moves within the crypto mining sector. Last week, Tether disclosed an 8.2% stake in Antalpha, a Bitcoin-focused lender and financing platform with ties to Bitmain, a major hardware supplier. The move underscores a broader convergence between traditional finance-style capital and mining infrastructure developers.

Beyond the pure software story, the wider market context remains deeply linked to the stability and liquidity of crypto rails. Tether is the issuer of USDT, the largest stablecoin by market capitalization, accounting for about $190 billion of the roughly $320.7 billion global stablecoin market, according to DefiLlama data.

Key takeaways

  • The Mining Development Kit (MDK) marks a shift toward vendor-agnostic control of mining fleets, offering a unified layer for monitoring, automation and custom building across sites.
  • The modular approach lets operators add new hardware integrations and software modules without touching the core system, potentially reducing complexity in mixed-vendor environments.
  • MDK extends Tether’s open-source mining stack, following Mining OS, and aims to empower dashboards, workflows and analytics on top of existing infrastructure.
  • The development is taking place amid a broader trend of miners diversifying into AI and high-performance computing, supported by large-scale data-center expansions and new financing plans.

Modular control in a fragmented ecosystem

At the heart of MDK is a modular architecture designed to accommodate a wide array of mining hardware. By exposing standardized functions from machines and allowing independent modules to plug in, the framework seeks to reduce the friction that comes with assembling a heterogeneous fleet. Operators can add monitoring, automation and specialized tooling without retooling the entire software stack, which could lower operating costs and shorten deployment cycles for multi-site operations.

The planned cross-platform reach—covering Windows, macOS and Linux—addresses a long-standing pain point for mining operators who mix old and new rigs across geographies. With the framework, operators could potentially orchestrate firmware updates, thermal management, thermals, and energy-use optimization from a single cockpit, rather than juggling disparate tools from several vendors.

Open-source lineage and practical implications

By building on Mining OS, MDK represents a continuation of Tether’s push toward openness in the mining software stack. The company said the new framework is designed to let developers craft dashboards, workflows and analytics that sit atop existing hardware and software setups. For operators, this could translate into more transparent tooling, easier integration with third-party services and more room to customize operations without depending on a single vendor’s ecosystem.

Advertisement

Analysts and observers have long noted that open frameworks can help reduce total cost of ownership and accelerate innovation in mining operations that use diverse hardware from multiple suppliers. The MDK release therefore sits at the intersection of software tooling and strategic resilience—aimed at improving uptime, performance visibility and workflow automation across distributed deployments.

Industry momentum: miners expanding into AI and HPC

The MDK news arrives as a broader segment of the mining industry pursues artificial intelligence and high-performance computing workloads to diversify revenue and make use of power capacity beyond traditional mining. Early movers like CoreWeave have shifted from crypto mining toward cloud-based AI compute since 2019, signaling a broader recalibration of what mining infrastructure can power.

Publicly traded mining operators have followed suit, investing in AI-centric data centers and HPC capabilities. Companies such as Riot Platforms, HIVE Digital, MARA Holdings, TeraWulf and Cipher Mining have publicly signaled or pursued strategies to repurpose capacity toward AI and HPC workloads, aiming to monetize processing power in the AI era.

In recent weeks, financing moves have underscored this shift. Core Scientific signaled plans to raise about $3.3 billion through senior secured notes due in 2031 to fund data-center expansion and debt refinancing. Separately, Hut 8 announced plans to raise approximately $3.25 billion in senior secured notes to support a 245-megawatt AI data center in Louisiana, linked to a long-term lease with Fluidstack valued around $7 billion.

Advertisement

Analysts have also started to map how AI and cloud computing could reshape the profitability and strategic outlook of leading miners. Bernstein analysts recently suggested that IREN, the largest publicly traded Bitcoin miner by market capitalization, may gradually pivot away from mining and toward expanding its AI cloud business over time as the company scales its non-mining operations.

As the sector morphs, observers caution that the balance between traditional mining economics and the emerging AI-driven infrastructure model remains delicate. Open questions include how quickly operators can monetize AI workloads, how financing cycles will adapt to shifting capex needs, and how regulatory developments could influence cross-border data and energy strategies.

Broader market context and transmission effects

While MDK targets the operational layer of mining, the surrounding market environment remains closely tied to the health of stablecoins and digital-asset liquidity. USDT’s dominance—sitting at roughly two-fifths of the stablecoin market by market capitalization—helps underpin a range of on-ramps, liquidity pools and financing arrangements used by mining firms seeking working capital and equipment liquidity. DefiLlama’s data provides a snapshot of this ecosystem and highlights how stablecoins continue to factor into mining and crypto-finance activity.

Industry observers also flagged potential strategic implications for suppliers and operators. An open-source, interoperable framework could encourage more hardware compatibility and reduce the risk of vendor lock-in, potentially shifting negotiating leverage toward mining operators and away from a handful of dominant toolmakers. The Antalpha stake disclosure ties into the broader narrative of financial players deepening exposure to mining infrastructure and equipment financing, a trend that could accelerate collaboration between lenders, equipment providers and miners.

Advertisement

In terms of next steps, the market will be watching for early adopter deployments of the MDK, the breadth of hardware integrations that surface, and how dashboards and analytics built on top of the framework perform in real-world, multi-site environments. Adoption signals—such as new integrations, case studies, and community contributions—will be key indicators of whether MDK becomes a standard layer in the evolving open mining software stack.

Cointelegraph continues to monitor how these developments intersect with the industry’s broader diversification into AI compute and data-center capacity, as well as the financing dynamics that underpin major buildouts across North America and beyond.

Readers should watch for updates on MDK adoption, new partnerships with hardware vendors or service providers, and any regulatory considerations that could shape the adoption curve for open-source mining infrastructure in the months ahead.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Advertisement

Source link

Continue Reading

Crypto World

ETH Triple Top Rejects $2.4K As Analysts Flag Weakness Against BTC

Published

on

ETH Triple Top Rejects $2.4K As Analysts Flag Weakness Against BTC

Ether (ETH) fell 3.4% to $2,287 on Monday, after its fourth rejection at the $2,400 level since April 14. The price continues to trade below the 100-day moving average, with over $2.5 billion in liquidation risk concentrated near the $2,150 support zone.

Crypto analyst Michaël van de Poppe also flagged weakness in Ether relative to Bitcoin, raising doubts about the strength of any near-term uptrend. 

Repeat rejections at $2,400 cap ETH’s upside

Ether has failed to break $2,400 four times over the past two weeks, forming a clear triple top pattern on the daily chart. Each retest saw a loss of strength near that level, suggesting supply absorption by sellers.

The 100-day exponential moving average (EMA) near $2,350 continues to act as a dynamic resistance. The price has not held above it on the one-day chart, keeping upside attempts short-lived. 

Advertisement

ETH/USDT on the one-day chart. Source: Cointelegraph/TradingView

The support at $2,150 now carries more weight. The level previously acted as resistance and could be tested as a base in the coming days. A move below it opens the door to deeper downside levels.

Liquidation data adds pressure to this zone, with $2.5 billion in leveraged longs sitting below $2,150. A break below this level could trigger forced selling into the $2,050 to $1,900 range.

Ether liquidation map. Source: CoinGlass

Advertisement

MN Capital founder Michaël van de Poppe noted weakness in the ETH/BTC pair. The ratio dropped below 0.032 BTC, removing a key support level tied to prior continuation attempts. 

The ETH/BTC ratio also slipped under the 21-period moving average, signaling fading relative strength against Bitcoin. The next higher-time frame level sits near 0.026 BTC, where buyers previously stepped in.

ETH/BTC chart analysis on Binance. Source: CryptoQuant

Related: BitMine acquires 101,000 ETH despite $6.5B in unrealized losses

Advertisement

ETH futures positions hint at a market reset

On Binance, Ether’s open interest (OI) has dropped to $2.58 billion, matching levels seen when ETH traded near $2,200 earlier this month. The decline points to a reset in leverage following the recent positioning buildup.

ETH: Binance cumulative net taker volume. Source: CryptoQuant

The funding rate offers a clearer signal, sitting near -0.013%, the lowest reading since February. The short positions dominate new activity while earlier long exposure has been reduced.

Crypto analyst Amr Taha noted that this combination places ETH in a shorts-heavy setup with lower leverage. If price holds near current levels, the imbalance between positioning and price could tighten, leading to a breakout sooner than later.

Advertisement

The key zone centers on $2,150, where liquidation risks and the current technical level converge on the daily chart.

Related: ETH price up 10% in April, so why is Ethereum Foundation selling?

Source link

Advertisement
Continue Reading

Crypto World

Pi Network Protocol 22 Deadline Today

Published

on

Pi Network Protocol 22 Deadline Today

April 27 is the hard deadline for all Pi Network Mainnet node operators to upgrade to Protocol 22.1, with nodes still running v21.2 after today’s cutoff automatically disconnected from the Mainnet, and Protocol 23 now moved one week earlier to May 11.

Summary

  • All Pi Network Mainnet nodes must upgrade to Protocol 22.1 by today, April 27, or be automatically cut off from the network, losing the ability to validate transactions and earn node rewards.
  • The Bitget technical guide confirms Protocol 23.0 has been moved from May 18 to May 11, one week earlier than previously announced, with four additional protocol upgrades added to the summer roadmap.
  • PI traded near $0.1687 with a $1.73 billion market cap on April 23, largely unmoved by the deadline, with 421,000 active nodes and over 10 billion PI migrated to Mainnet.

Pi Network’s Protocol 22.1 upgrade deadline is today, April 27. Bitget confirmed that nodes still running v21.2 after the cutoff will be disconnected from Pi Mainnet entirely, unable to process transactions, validate blocks, participate in network consensus, or earn rewards until they complete the upgrade. The Pi Core Team explicitly stated that the upgrade must be completed sequentially, with no node downgrading to an earlier version permitted once the transition is done.

Pi Network Protocol 22 Deadline Marks a Strict Infrastructure Sync Requirement

As crypto.news reported, the upgrade takes under 15 minutes if operators follow the correct traffic redirection protocols. Nodes should not be upgraded simultaneously: operators are instructed to divert traffic to other nodes or point to the official API endpoint during the process to maintain network stability. The upgrade introduces a dual-interface setup allowing node operators to use both a node screen and a desktop Pi application simultaneously, enabling balance checks and network feature access from a computer rather than only a phone. Nodes must update to software version 0.5.4 to complete the transition. According to community data cited in the Bitget guide, over 421,000 active nodes are currently supporting the network across more than 1 million CPUs, with 10 billion PI already migrated to Mainnet. A recent pilot with OpenMind AGI confirmed Pi’s distributed node network can power decentralized AI image recognition and training tasks.

Advertisement

Protocol 23 Deadline Has Moved a Week Earlier to May 11

The most significant new detail from the Bitget technical guide is that Protocol 23.0’s deadline has been moved forward from May 18 to May 11, a full week ahead of the previously announced date. As crypto.news documented, Protocol 23 is the upgrade that introduces full smart contract functionality across the Pi Network, transforming the network from a transactional system into a programmable platform where developers can build decentralized applications, exchanges, and automated tools. The earlier deadline also aligns the Protocol 23 launch more closely with the Consensus 2026 event in Miami from May 5 to 7, where both co-founders Nicolas Kokkalis and Chengdiao Fan are scheduled to speak. Four additional upgrade steps have been added to the roadmap: Protocols 24.1, 25.1, and 26.0 following Protocol 23.0, signaling an accelerating development pace heading into summer 2026.

PI Price Has Not Responded to the Technical Milestone

Despite the Protocol 22 deadline, PI has remained under pressure. As crypto.news tracked, nearly 3 million PI tokens moved to centralized exchanges in the days before the deadline, raising short-term selling concerns, while approximately 200 million PI tokens are scheduled to unlock over the next 30 days. PI fell approximately 4% in the week before the deadline even as Bitcoin and other major assets gained on improved Iran ceasefire sentiment. As crypto.news noted, the market has consistently treated each Pi technical milestone as a sell-the-news event rather than a structural re-rating, and the April 27 deadline appears to be following the same pattern heading into the Consensus 2026 appearance.

Pi Network’s roadmap now extends to Protocol 26.0, with five major milestones across a ten-week window from late April through late June 2026, representing one of the most compressed upgrade sequences in the project’s history.

Advertisement

Source link

Continue Reading

Crypto World

Canada Tightens Campaign Finance Rules to Ban Crypto Donations

Published

on

Crypto Breaking News

Canada is moving closer to blocking political donations in cryptocurrency, as Ottawa tightens the rules governing how money can flow into elections. Bill C-25, the Strong and Free Elections Act, passed a second reading in the House of Commons on Friday, signaling cross-party support to advance the measure and send it to committee for detailed scrutiny and potential amendments.

The legislation would prohibit political parties and candidates from accepting cryptocurrency contributions, addressing what regulators view as a gap in campaign-finance rules. Introduced on March 26, the bill forms part of a wider reform agenda intended to strengthen transparency, bolster enforcement, and reduce the risk of foreign interference in Canadian elections. According to Cointelegraph, crypto donations became a focal point due to concerns over traceability and compliance with existing limits. While the bill is not solely focused on digital assets, it explicitly includes crypto within its restrictions on political financing. There is currently no fixed date for when Bill C-25 will be taken up in committee.

An excerpt from Bill C-25. Source: Parliament of Canada

Regulators have signaled that this approach aligns with broader efforts to modernize Canada’s electoral framework while integrating digital assets into the financial system under tighter rules. In the same policy space, Canadian authorities are advancing stablecoin frameworks intended to grant oversight powers to the Bank of Canada and to refine rules governing crypto investment funds, custodians, and cold storage practices.

Advertisement

These developments unfold in a policy environment that has shifted toward increased scrutiny of crypto-asset activity, even as the government seeks to balance innovation with risk management and consumer protection. While crypto donations are the immediate focal point, the evolving regulatory landscape is shaping how crypto-native firms, exchanges, and financial institutions interact with both electoral law and public-market safeguards. Cointelegraph notes that the Canadian discourse about digital assets extends beyond elections to a broader push for regulatory clarity and systemic resilience.

Overall, the moves come within a broader national effort to establish a coherent, enforceable framework for digital assets, consistent with international regulatory trends and standards. As policy makers reassess the role of crypto within traditional financial channels, the country is evaluating how to harmonize transparency, AML/KYC compliance, and licensing oversight with modernization of electoral rules and governance norms.

Parliamentary documents show the bill’s text and context, with an excerpt published by the Parliament of Canada. Parliament of Canada

Key takeaways

  • The bill would prohibit political parties and candidates from accepting cryptocurrency donations.
  • Bill C-25 passed a second reading in the House of Commons and proceeds to committee scrutiny, where amendments can be proposed.
  • Crypto is explicitly included in the financing restrictions as part of a broader election-law reform focused on transparency and enforcement.
  • There is no fixed date yet for committee review of the bill.
  • Canada’s crypto-regulatory environment is evolving, with efforts to implement stablecoin oversight, custody standards, and other governance measures that could affect banks, crypto firms, and institutional participants.

Legislative trajectory and enforcement implications

The second-reading approval signals political appetite to close a recognized gap in election-finance rules. By explicitly barring cryptocurrency donations, the government aims to reduce anonymity and enhance traceability in campaign funding, aligning with broader objectives of transparency and accountability. For campaign entities, this would necessitate robust compliance programs to verify the sources of contributions, monitor cross-border flows, and enforce existing contribution limits across all asset classes. In practice, the policy could compel political parties and candidates to implement digital-payment screening and record-keeping that conforms to AML/KYC expectations, with regulatory bodies empowered to investigate anomalous activity or illicit funding patterns.

From an enforcement perspective, the committee stage will be critical. Lawmakers can amend the bill to clarify definitions of crypto assets, determine treatment for different token categories, and set practical reporting requirements. The absence of a fixed timetable for committee consideration introduces uncertainty for political entities and compliance teams as they map potential changes into internal controls and governance processes.

Advertisement

Crypto regulation beyond electoral financing

The proposal sits within a broader Canadian strategy to regulate digital assets more comprehensively. Regulators have advanced stablecoin frameworks intended to expand oversight capabilities for the Bank of Canada, while refining rules for crypto investment funds, custodians, and custody practices. The convergence of financial regulatory reform with electoral integrity measures indicates a move toward a regulated, auditable digital-asset ecosystem that seeks to balance innovation with risk mitigation and consumer protection.

For institutions, these developments carry practical implications. Digital-asset firms, exchanges, and traditional banks operating in Canada must prepare for tighter compliance obligations, licensing expectations, and potential cross-border considerations, including how stablecoins and other tokenized assets are treated under both financial and electoral law. The alignment with international norms—such as ongoing regulatory dialogues around crypto-asset governance in other jurisdictions—also informs how Canadian policy may evolve in relation to global standards.

Context within Canada’s broader digital-asset policy landscape

Canada’s approach to digital assets appears to be moving toward greater integration within the formal financial system, while simultaneously imposing stricter limits on their use in politically sensitive contexts. The regulatory arc emphasizes transparency, enforcement, and cross-cutting oversight that spans financial services, governance, and national security considerations. As policymakers weigh the balance between nurturing digital-asset innovation and safeguarding the integrity of public processes, the outcome of Bill C-25’s committee stage will illuminate how Canada intends to structure this balance in the coming years.

Closing perspective: The committee phase will determine the bill’s final shape, with potential amendments addressing definitions, scope, and practical compliance obligations. Analysts and compliance teams should monitor legislative updates, regulatory guidance, and the evolving stance of enforcement authorities to anticipate how crypto-financing rules will interact with electoral governance and the broader Canadian financial framework.

Advertisement

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Source link

Advertisement
Continue Reading

Crypto World

DeFi United Hits Recovery Target as Consensys, Solana, TRON Pledge Support

Published

on

DeFi United Hits Recovery Target as Consensys, Solana, TRON Pledge Support

The DeFi United coalition crossed its rsETH backing target after a flood of weekend commitments from across the Ethereum, Solana, TRON, Avalanche, and Bitcoin ecosystems.

Aave founder Stani Kulechov said the DeFi United recovery fund has reached the level needed to fully back rsETH, subject to pending votes, indicative agreements, and successful execution, after a wave of new commitments over the weekend pushed the coalition past an initial 163,200 ETH shortfall.

The milestone caps a frenetic stretch since the April 18 KelpDAO bridge exploit, which drained 152,577 rsETH from Kelp’s LayerZero bridge adapter and saddled Aave with between $123.7 million and $230.1 million in bad debt, depending on how Kelp ultimately allocates losses across rsETH holders.

Consensys, the company behind MetaMask, and Ethereum co-founder Joe Lubin have committed up to 30,000 ETH to the recovery effort, with Nasdaq-listed Sharplink joining in an advisory capacity, according to a press release viewed by The Defiant. The contribution is structured to make funds available immediately while standard governance processes for other contributors run in parallel.

Advertisement

Kulechov said the support materially advances the recovery and credited the contributors with making funds available without delay. Lubin said the Ethereum ecosystem “has always been at its best when it moves together.”

Cross-chain Solidarity

The recovery effort drew support from across the crypto ecosystem over the weekend.

TRON founder Justin Sun said TRON DAO and exchange HTX would jointly supply $20 million in USDT to Aave’s Core V3 market, calling the move “a show of support to bring AAVE to TRON.”

Solana Foundation president Lily Liu separately said the foundation would lend USDT on Aave for the first time and bring the AAVE token to Solana this weekend, noting that Solana had previously supported Tether’s $127.5 million recovery plan for Drift Protocol after that protocol’s April 1 exploit.

Advertisement

The Avalanche Foundation said it would support DeFi United, framing the coordinated response as a public stress-test of DeFi’s “transparent books and real accountability,” in contrast to traditional finance.

Bitcoin restaking protocol Babylon committed $3 million in USDT to Aave, with $2 million allocated to V3 and $1 million to V4. The Babylon Foundation said any interest earned on the deposit would be redirected back into the Aave ecosystem through incentives.

Liquid restaking protocol Renzo said it had supplied more than $10 million from its treasury into Aave V3 stablecoin markets, calling the past week “a true test for the DeFi ecosystem.”

Meanwhile, Circle Ventures said it was purchasing AAVE tokens directly, citing Aave’s role in shaping the future of onchain finance.

Advertisement

What’s Next

Kulechov’s announcement carried three explicit caveats: pending votes, indicative agreements, and successful execution. Several of the largest commitments, including the Aave DAO’s proposed 25,000 ETH contribution, Mantle’s 30,000 ETH credit facility, and Lido’s 2,500 stETH allocation, must pass through their respective governance processes.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

Source link

Advertisement
Continue Reading

Crypto World

Western Union Pushes USDPT Stablecoin Launch on Solana Network

Published

on

Crypto Breaking News

Western Union Advances USDPT Stablecoin Strategy on Solana

Western Union has moved ahead with plans to launch its USDPT stablecoin on the Solana blockchain next month. The company aims to strengthen its payment infrastructure and reduce reliance on traditional banking rails. This development follows earlier internal announcements made in late 2025.

Western Union Expands Digital Asset Network and Payment Tools

Western Union has also progressed with its Digital Asset Network platform, which links crypto wallets to its retail system. The company expects to onboard its first partner as the platform goes live this week. This integration will allow users to convert digital assets into local currencies through existing agent locations.

The firm has designed the network to support seamless interaction between blockchain assets and traditional cash systems. It aims to simplify transactions for users while maintaining familiarity for agents. This approach supports both accessibility and operational continuity.

In addition, Western Union has prepared a new product called the USD Stable Card for later release. The card will allow users to store and spend stablecoin balances globally. The company plans to target regions where local currencies face volatility and instability.

Advertisement

Solana Faces Price Pressure Despite Growing Network Adoption

Solana has experienced a price decline even as network activity and partnerships continue to expand. The token traded at $85.08 on April 27, reflecting a modest daily decrease. Market performance has not fully aligned with the network’s recent developments.

However, analysts have noted a potential technical setup that may signal a short-term price movement. Chart patterns indicate a possible breakout as the asset approaches a consolidation point. This outlook suggests that price action may shift in the near term.

Despite current pressure, Solana continues to attract institutional and enterprise-level integrations. The blockchain has positioned itself as a high-speed and low-cost platform for financial applications. These factors continue to support its role in evolving digital payment systems.

Advertisement

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Source link

Advertisement
Continue Reading

Crypto World

Bitget Research Bitcoin Outlook April 2026

Published

on

Bitget Research Bitcoin Outlook April 2026

Ryan Lee, Chief Analyst at Bitget Research, says Bitcoin and Ethereum are supported by steady institutional ETF demand and lower leverage, with BTC expected to break $80,000 to $85,000 short term and ETH targeting $2,800 to $3,000.

Summary

  • Bitget Research Chief Analyst Ryan Lee says the current rally has a firmer base than earlier retail-driven cycles because it is being led by institutional allocation rather than speculative positioning.
  • Lee expects gold’s elevation near record highs to reflect capital distributing across multiple stores of value rather than concentrating in a single hedge.
  • Oil remaining elevated adds macro pressure that could delay rate cuts and tighten liquidity, with crypto upside remaining linked to whether institutional inflows continue absorbing volatility rather than reacting to it.

Bitget Research Chief Analyst Ryan Lee says Bitcoin and Ethereum remain in a constructive short-term trend supported by steady institutional allocation, with ETF demand, lower leverage, and improving spot market participation keeping both assets on a firm footing. As crypto.news reported, US spot Bitcoin ETFs logged eight consecutive days of net inflows totaling $2.1 billion through April 23, the longest streak since October 2025, with BlackRock’s IBIT capturing approximately 75% of all capital entering the category.

Bitget Research Sees BTC Breaking $80K to $85K With Sustained Inflows

“The current move is not being driven by aggressive speculative positioning, which gives the rally a firmer base than earlier cycles shaped mainly by retail momentum,” Lee said. In the short term, Lee expects Bitcoin to break above $80,000 to $85,000 with sustained inflows, while Ethereum is expected to follow with gains toward $2,800 to $3,000, driven by ecosystem upgrades and broader adoption. As crypto.news documented, institutional spot ETF inflows and corporate balance-sheet buying have been reinforcing Bitcoin’s role as a digital reserve, with analysts noting that Bitcoin and Ethereum have outperformed gold and broad equity indices this year even as geopolitical risk and higher oil prices would typically favor bullion. Lee’s assessment that the rally has a firmer institutional base than prior retail-driven cycles aligns with that data: the eight-day inflow streak absorbed roughly 19,000 BTC against approximately 2,100 BTC produced by miners in the same period, meaning institutional demand absorbed about nine times new supply.

Advertisement

Gold and Oil Are Reshaping the Macro Environment for Digital Assets

Lee noted that gold holding near elevated levels reflects continued demand for defensive assets as markets price in geopolitical uncertainty, sticky inflation expectations, and slower policy easing across major economies. He described this as a sign that capital is being distributed across multiple stores of value rather than concentrated in a single hedge. As crypto.news tracked, Bitcoin ETF flows have proven sensitive to exactly that dynamic in 2026, with oil rising toward $100 per barrel earlier in the year triggering risk-off conditions that pulled over $296 million out of spot Bitcoin ETFs in a single week. Lee acknowledged that oil staying elevated adds another layer of macro pressure because higher energy costs can delay rate-cut expectations and tighten liquidity conditions across markets.

What Institutional Absorption Means for Crypto’s Position in Portfolios

Lee said that for digital assets, upside remains linked to whether institutional inflows continue absorbing macro volatility rather than reacting to it. “If that continues, crypto remains positioned as part of broader portfolio construction,” Lee said. As crypto.news noted, Lee has previously argued that ETF flows are not the only factor behind Bitcoin’s performance and that technical and macroeconomic catalysts combine with institutional positioning to drive price action across cycles. The current environment, in which institutional inflows are absorbing supply at nine times the mining rate, represents precisely the kind of structural demand base Lee’s framework identifies as more durable than speculative retail momentum.

Advertisement

Source link

Continue Reading

Crypto World

3 Upcoming Altcoins to Buy for Maximum Profit in 2026

Published

on

Crypto Breaking News

Investigate XRP, Solana, and Hedera as three top altcoins that possess great fundamentals and have massive upside potential going into 2026.

Key Insights

  • XRP strives to remain at the forefront of global low-cost and fast payment options.
  • Solana has a great chance of becoming a prominent player in Web3 thanks to its advanced tech.
  • The Hedera Hashgraph protocol has enterprise-grade capabilities and applications.

Ripple (XRP) Changing the Way Global Payments Are Made

In 2012, Ripple Labs launched the XRP currency to optimize global payments by removing inefficiencies found in the banking industry. While traditional finance systems depend on intermediary financial services, Ripple’s technology facilitates direct peer-to-peer transactions, which drastically reduces costs and speeds up processes.

Transactions within the XRP Ledger occur almost instantaneously, with the transaction fee usually amounting to only fractions of cents. This makes XRP highly beneficial for cross-border remittances as well as for business and financial transactions. In addition, the use of Ripple’s technology has been investigated by financial organizations around the world to improve their liquidity and payment methods.

The other key advantage of using XRP is the opportunity to convert money from one currency into another instantly. As the demand for fast and efficient payments rises, the application of XRP keeps increasing. Clearly, proper regulation can help XRP thrive.

Solana (SOL) Fast Blockchain for Future Web3 Growth

In recent years, Solana has developed into one of the most scalable and fast blockchain networks within the industry. Founded in 2018, Solana uses the innovative Proof of History protocol that allows processing tens of thousands of transactions in a single second.

Advertisement

The ability to perform a large number of transactions enables developers to create dApps, NFTs, and DeFi solutions that operate flawlessly on the Solana blockchain. They take advantage of relatively low gas fees and a reliable architecture to ensure scalability and prevent any kind of traffic congestions.

Apart from blockchain development, Solana focuses on innovations such as mobile applications and convenient solutions intended to facilitate access for ordinary users. Many startups have been developed by Solana teams working in the gaming, financial, and digital identity sectors.

While the developer community is dominated by Ethereum, Solana comes in close second when considering new projects launched. As long as updates are made and more institutions invest, SOL may be considered a promising choice for potential investors in Web3.

Hedera (HBAR) Enterprise Efficiency with Hashgraph Technology

One notable project using Hashgraph technology is Hedera, a platform that uses this technology instead of blockchain for more efficient results.

Advertisement

Since its inception in 2018, Hedera has emerged as one of the most attractive platforms for enterprises looking for blockchain technologies to use within their organizations. This platform is ideal for implementing smart contracts and many other use cases.

HBAR refers to the token used for operations within the Hedera platform. It serves various purposes, ranging from transaction operations and security through staking to file storage and computation.

Hedera’s governance structure, involving global enterprises, provides even greater assurance for its future. This project seems to be promising, especially in view of growing enterprise interest in blockchain technology.

Positioning for Long-Term Cryptocurrency Growth

XRP, Solana, and Hedera are the three pillars of the changing cryptocurrency landscape. They have solid foundations, increasing adoption rates, and established use cases, making them ideal choices for those considering long-term investments.

Advertisement

While every investment carries a certain level of risk, concentrating on cryptocurrencies with real-world applications and viable technology will increase the likelihood of generating returns in the future.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Source link

Advertisement
Continue Reading

Trending

Copyright © 2025