Deep Dive - Crypto Edition

Despite the typical "sell in May and go away" market adage, analysts predict a strong summer for Bitcoin, potentially reaching new record highs. This optimism is driven by a combination of factors, including positive regulatory developments in the U.S., persistent institutional buying, and anticipated market volatility stemming from events like the Federal Reserve's interest rate decision and...

This source discusses the GENIUS Act, a bill recently advanced by the US Senate aiming to regulate certain aspects of cryptocurrency, specifically stablecoins. The legislation seeks to implement consumer protections by requiring stablecoin issuers to maintain asset reserves and provide repayment priority in case of bankruptcy. While supporters view the bill as a necessary step for establishing industry stan...

A recent ruling by a Victorian magistrate in Australia has potentially significant implications for the taxation of Bitcoin transactions. During a theft case involving a former police officer, the judge determined that Bitcoin should be treated similarly to Australian dollars, classifying it as property but not subject to capital gains tax. This contrasts with the Australian Taxation Office's long-standing position, ...

Donald Trump is reportedly launching a Monopoly-style mobile game in April, developed by an associate and featuring in-game currency, though it is not affiliated with Hasbro's Monopoly. This venture expands Trump's digital portfolio, which includes past games, NFT collections, and the significantly devalued TRUMP memecoin. Despite criticism and concerns about conflicts of interest, the Trump family defends their involvement in...

A CoinDesk article dated 16 April 2025 reports on a downturn in the cryptocurrency market. This decline, affecting Bitcoin, XRP, and Cardano's ADA, coincided with a significant drop in Nvidia's stock price. Nvidia faced a $5.5 billion charge due to US restrictions on chip sales to China, impacting investor sentiment across equities and crypto. Concerns about US-China trade tensions, highlighted by potential tariff re...

The US is considering strategies to increase its Bitcoin reserves without using taxpayer money. One approach involves redirecting revenue generated from tariffs imposed under the "America First" trade policy. Another option being explored is revaluing the US Treasury's gold certificates to their current market price and using the surplus to purchase Bitcoin without selling any gold. These considerations fol...

A report from FXEmpire's "XRP News Today" analyses the potential impact of a US spot exchange-traded fund (ETF) for XRP, drawing parallels with the substantial net inflows and price appreciation observed following the introduction of Bitcoin spot ETFs. The article highlights that regulatory approval for an XRP ETF could significantly boost institutional investment, referencing the considerable success of Bitcoin ETFs since the...

Ethereum is maintaining a position above $2,000 as institutional interest grows, exemplified by Fidelity and BlackRock's forays into tokenization. Technical analysis suggests a potential bullish surge of approximately 65% by June, driven by historical price patterns and current support levels. Increased accumulation by large Ethereum holders, known as whales, alongside record futures open interest, indicates str...

This FXStreet article provides a technical analysis of Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), noting their recent price consolidation and potential for upward breakouts. It highlights key support and resistance levels for each cryptocurrency, along with the significance of moving averages like the 200-day EMA for Bitcoin and the 100-day EMA for Ripple. The analysis incorporates indicators such as the Relati...

A recent SEC roundtable brought together proponents and critics to debate the regulation of crypto assets. The discussion centred on how to classify these assets, particularly whether they qualify as securities under existing laws. Points of contention included the applicability of the Howey Test and the potential impact of SEC oversight on the burgeoning crypto industry. While some argued for strict regulation to pr...

A significant Bitcoin wallet, inactive for eight years, has suddenly become active, transferring a substantial amount of cryptocurrency. This wallet accumulated its holdings in 2016 when Bitcoin's value was considerably lower, resulting in a massive increase in worth. Blockchain analytics firm Arkham Intelligence tracked these movements from what they have labelled a "250M BTC Whale". Such reactivation...

This news report focuses on XRP's recent price stability and gains. It highlights the correlation between Ripple CEO Brad Garlinghouse's participation in a White House Summit and positive market sentiment. The article notes significant XRP outflows from Binance, suggesting long-term accumulation by investors. It further analyses technical indicators, suggesting potential for both upward momentum and short-term pullba...

US authorities have seized cryptocurrency linked to a significant theft from a Ripple wallet, suspecting the attackers exploited data from the 2022 LastPass breach. Investigators believe the hackers decrypted password vaults stolen during the LastPass incident to extract private keys. These keys allegedly allowed them to access and steal cryptocurrency from victims, with the seized funds traced to various c...

Donald Trump convened a summit with cryptocurrency leaders at the White House to discuss his vision of the United States becoming the world's "crypto capital." The meeting followed Trump's executive order establishing a strategic cryptocurrency reserve, intended to serve as a "digital Fort Knox." Industry figures expressed optimism about Trump's approach to digital assets but voiced differing opinions on the composition o...

An interview with Tether's CEO, Paolo Ardoino, examines the cryptocurrency's evolving relationship with US authorities. Ardoino argues Tether, once viewed with suspicion, now actively collaborates with law enforcement and aids in stabilising the US dollar. He highlights Tether's role in decentralising US debt by facilitating access for users in emerging markets. Ardoino also addresses concerns about illicit use of Te...

A recent executive order from President Trump aiming to establish a strategic Bitcoin reserve has failed to bolster the cryptocurrency market. Bitcoin's value experienced a drop following the announcement due to the absence of explicit government plans to actively purchase the digital asset. The proposed reserve, intended to function like a 'digital Fort Knox', would be capitalised through forfeited assets from criminal o...

A recent, enormous cryptocurrency heist, allegedly perpetrated by North Korean hackers known as TraderTraitor, has shaken the crypto world. The FBI attributes the theft of $2.4 billion in Ethereum from the Bybit exchange to these state-sponsored actors. The hackers, associated with the Lazarus Group, exploited vulnerabilities via social engineering and malicious apps. Bybit is covering the losses, and they are offeri...

President Trump announced a plan to include several cryptocurrencies in the US's "Crypto Strategic Reserve," moving beyond a Bitcoin-only approach. Bitcoin's market dominance subsequently dipped below 50% as altcoins like Cardano, XRP, Solana, and Ether experienced significant gains. This decision drew criticism from Bitcoin proponents who argued that the reserve should focus solely on Bitcoin, citing its superior utility...

Donald Trump has advocated for a "crypto strategic reserve" encompassing major cryptocurrencies like Bitcoin and Ethereum. This initiative aims to bolster the cryptocurrency industry by preventing government sell-offs and potentially increasing federal revenue through rising crypto values. The proposal has sparked debate, with crypto advocates supporting the measure to stimulate the industry and reduce national ...