Day

April 17, 2025

US court pauses 18-state lawsuit against SEC after agency’s leadership change

April 17, 20250
A US federal judge has agreed to pause a lawsuit filed by 18 state attorneys general and the crypto lobby group DeFi Education Fund against the Securities and Exchange Commission after all parties said new SEC leadership could make the action moot.Kentucky District Court Judge Gregory Van Tatenhove ordered a 60-day stay on the case...

Bitcoin online chatter flips bullish as price chops at $85K: Santiment

April 17, 20250
The tone of Bitcoin-related social media posts has flipped to bullish according to crypto analytics platform Santiment, despite Bitcoin continuing to swing around $85,000.“Traders are showing optimism that BTC can regain $90K, which will likely be dependent on tariff and global economy news as the week progresses,” Santiment said in an April 16 X post....

Russia finance ministry official floats country making own stablecoins: Report

April 17, 20250
A Russian finance ministry official has reportedly said the country should be developing its own stablecoin after a recent freeze on wallets linked to the sanctioned Russian exchange Garantex by US authorities and stablecoin issuer Tether. Deputy director of Russia’s Finance Ministry’s financial policy department, Osman Kabaloev, said the Kremlin should be exploring the possibility of...

Raydium debuts LaunchLab to rival memecoin maker Pump.fun

April 17, 20250
The firm behind the Solana-based automated market maker (AMM) Raydium has launched its memecoin-making protocol, LaunchLab, which looks to compete with Pump.fun.The arrival of LaunchLab on April 16 comes a month after Pump.fun, previously a key contributor to Raydium’s revenue, severed ties with the firm by moving its token migration from Raydium’s liquidity pools to...

Ethereum fees drop to a 5-year low as transaction volumes lull

April 17, 20250
Transaction costs on the Ethereum network have dropped to the lowest level in five years as the amount of activity on the blockchain is in a lull, according to the onchain analytics platform Santiment.Ethereum network fees are now around $0.168 per transaction and the reduction in fees coincides with fewer people sending Ether (ETH) and...

4 things that could turn crypto prices around in Q2 after the ‘best worst quarter’

April 17, 20250
Despite recent major developments in the crypto industry, the market has just posted its weakest Q1 performance in years — but a crypto analyst is pointing to several catalysts that could make Q2 more promising.“Frustrating. That’s the best word to describe the past quarter,” Bitwise chief investment officer Matt Hougan said in a recent market...

AI takes nearly 60% of global venture capital dollars in Q1: Pitchbook

April 17, 20250
Artificial intelligence startups received the lion’s share of venture capital investments across the globe in the first quarter of 2025, according to new data from Pitchbook.“Investors still have an AI FOMO [fear of missing out] problem,” the research firm said in an April 17 report, which revealed that 57.9% of global venture capital dollars in...

Coinbase distances Base from highly criticized memecoin that dumped $15M

April 17, 20250
Crypto exchange Coinbase has distanced its blockchain network Base from a memecoin it shared that saw massive backlash after the token rapidly gained, then dropped in value by millions of dollars.Base posted to X on April 16 with an image promoting the network with its marketing tagline, “Base is for everyone,” it also shared a...

ENS founder warns of Google spoof that tricks users with a fake subpoena

April 17, 20250
The founder and lead developer of Ethereum Name Service has warned his X followers of an “extremely sophisticated” phishing attack that can impersonate Google and trick users into giving out login credentials. The phishing attack exploits Google’s infrastructure to send a fake alert to users informing them that their Google data is being shared with law...

Crypto venture fund Galaxy Ventures could hit a $180M fundraise: Report

April 17, 20250
Michael Novogratz’s Galaxy Ventures Fund I LP is expected to raise around $175 million to $180 million by the end of June to build a portfolio of 30 crypto and blockchain startups.According to an April 17 Bloomberg report citing people familiar with the matter, the fund —  which has had a focus on payments and...
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