Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Binance founder CZ has donated 1,000 BNB ($600K) each to Myanmar and Thailand to support earthquake relief efforts. The combined $1.2 million donation aims to provide urgent aid to affected communities. This move highlights the growing role of crypto philanthropy in disaster response, offering fast and borderless support. Binance continues to use its resources to make a real-world impact in times of crisis.

Following a 13-hour debate, the U.S. House Financial Services Committee has passed the STABLE Act with a 32-17 vote, with six Democrats joining Republicans in support. This bill focuses on stablecoin regulation and now heads to a full House vote for further approval. The strong bipartisan backing suggests growing interest in establishing clear rules for digital assets. If passed, the legislation could shape the future of stablecoins in the U.S. All eyes are now on the full House decision. Contine To Read

In the past 24 hours, the crypto market saw $500 million in liquidations, with $300 million wiped out in just four hours. Major assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA) were hit hard. The sell-off also slashed $200 billion from the market’s peak valuation, causing widespread volatility. This rapid downturn highlights the risks of leverage and the unpredictable nature of crypto markets. Continue To Read

Bhutan’s Royal Government recently transferred 377.78 BTC ($32 million) to a new wallet, bringing its total Bitcoin holdings to 8,594 BTC, now valued at $726 million. This move highlights the country’s continued involvement in crypto investments. Bhutan has been actively accumulating Bitcoin, signaling its strategic interest in digital assets. As institutional adoption grows, Bhutan’s Bitcoin strategy positions it as a key player in the evolving financial landscape.

As of April 2, 2025, the cryptocurrency market remains volatile. Bitcoin is trading around $84,564, showing slight recovery from recent dips. Analysts are cautious due to the potential ‘death cross,’ where the 50-day moving average falls below the 200-day average, signaling possible downturns. Additionally, President Trump’s upcoming tariffs are causing market uncertainty, impacting risk assets like cryptocurrencies. While some experts predict a rebound, others advise caution, emphasizing the unpredictable nature of the crypto market.​

Jetking, a publicly listed Indian company, has approved an equity sale to expand its Bitcoin reserves. This move aligns with the growing trend of businesses adopting Bitcoin as a hedge against inflation and economic uncertainty. As institutional interest in crypto rises globally, Jetking’s decision signals confidence in Bitcoin’s long-term value. The move could encourage more Indian companies to explore digital assets as part of their financial strategy in an evolving market.

Sumitomo Mitsui Financial Group, the parent company of Japan’s second-largest bank, SMBC, is stepping into the stablecoin space. The bank is collaborating with Ava Labs for blockchain infrastructure and Fireblocks for token management. Testing is set to begin in the second half of 2025, with a potential launch as early as next year. This move signals growing institutional interest in digital assets and could pave the way for wider stablecoin adoption in Japan.

Global asset manager Franklin Templeton, overseeing $1.5 trillion in assets, is considering launching a Bitcoin Exchange-Traded Product (ETP) in Europe. As institutional demand for digital assets grows, major financial firms are increasingly entering the crypto space. A Bitcoin ETP would provide investors with a regulated and convenient way to gain exposure to Bitcoin without directly holding it. If approved, this move could strengthen Bitcoin’s presence in traditional finance and attract more institutional capital to the market.

VanEck has registered a Binance Coin (BNB) exchange-traded fund (ETF) in Delaware, marking its fifth crypto asset ETF filing in the state. This is the first attempt to launch a BNB ETF in the U.S. market. With this move, BNB joins Bitcoin, Ether, Solana, and Avalanche as cryptocurrencies with standalone ETF registrations by VanEck. As institutional interest in crypto ETFs grows, will BNB be the next token to gain regulatory approval?

Metaplanet has again expanded its Bitcoin holdings, purchasing an additional 160 BTC for ¥1.9 billion. This latest buy brings its total Bitcoin stash to 4,206 BTC, with a total investment of ¥54 billion. The company continues to bet big on Bitcoin as part of its long-term strategy. With each new acquisition, Metaplanet strengthens its position in the crypto space, signaling strong confidence in BTC’s future value. Will more companies follow suit?