Crypto News Summary – April 28- May 2, 2025

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China Considers Rejoining US Trade Talks

China is assessing the possibility of participating in renewed trade negotiations with the United States. While not directly crypto-related, improved diplomatic and economic ties between the world’s two largest economies could reduce global market volatility and create a more favorable environment for digital assets. (Cryptopolitan)

Stablecoin Legislation Could Pass US Senate Before Memorial Day

A long-anticipated stablecoin bill may finally receive a Senate vote in the coming weeks. The legislation aims to regulate the issuance and backing of stablecoins, a $160 billion sector of the crypto market. If passed, it could provide much-needed clarity for issuers and signal growing government acceptance of digital currencies. (CryptoNews)

Bank of Italy Flags Systemic Risk from Crypto Markets

The Bank of Italy has warned that the rapid expansion of cryptocurrencies poses potential risks to financial stability. It called for stronger international cooperation to regulate the sector and emphasized that unregulated crypto activities could undermine monetary systems if left unchecked. (Source: Coincu)

European Bitcoin Treasury Firm Launches $20B Investment Strategy

A European company specializing in Bitcoin treasury services has announced a $20 billion investment strategy focused entirely on Bitcoin. This aggressive allocation highlights growing institutional confidence in BTC as a long-term store of value, despite short-term price volatility. (CryptoSlate)

Kraken Reveals Attempted Exploit by Fake ‘Ethical Hackers’

Kraken disclosed that it was targeted by individuals posing as ethical hackers who attempted to exploit vulnerabilities and gain access through customer support. The exchange labeled the behavior as unethical and dangerous, underscoring the constant and evolving threats facing crypto platforms. (Bitcoin Sistemi)

MicroStrategy and Metaplanet Reap Significant Rewards from Bitcoin Investments

MicroStrategy and Japanese company Metaplanet have seen major gains from their Bitcoin investments, with both firms capitalizing on Bitcoin’s recent price surge. Their strategies highlight growing institutional confidence in Bitcoin as a long-term asset. (Coin-Turk)

DeFi Development Corp Boosts Solana Acquisitions with New Financial Strategy

DeFi Development Corp has ramped up its Solana holdings as part of a broader strategy to strengthen its crypto treasury, positioning itself to leverage Solana’s growing DeFi ecosystem. DeFi Development Corp announced plans to raise up to $1 billion in funding, aiming to significantly expand its investments in Solana and related blockchain projects. (Coin-Turk) (Bitcoin.com)

PIMCO Warns of Risks to the Dollar’s Global Reserve Status

Investment giant PIMCO warned that rising U.S. debt and fiscal instability are threatening the dollar’s role as the world’s primary reserve currency, potentially accelerating interest in alternative assets like cryptocurrencies. (Coin-Turk)

Peter Schiff Critiques Trump’s Tariff Strategy and Cryptocurrency Goals

Economist Peter Schiff criticized Donald Trump’s proposed tariff policies and his evolving stance on cryptocurrencies, arguing that these approaches could harm the U.S. economy and global financial stability. (Coin-Turk)

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