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FTX Co-founder Sam Bankman-Fried Moved to Low-Security Prison

1 day ago | coincu.com | Mayowa Adebajo

Key Points:Sam Bankman-Fried relocated to L.A.’s Terminal Island prison. Move to low-security facility amid legal challenges. No direct impact on crypto market detected. Sam Bankman-Fried, co-founder of FTX, has been relocated to Terminal Island, Los Angeles, a low-security federal prison, on April 18, 2025. The relocation comes amid ongoing legal challenges, and marks a shift from previous harsher detentions, offering a less volatile environment.
MilkyWay Foundation Launches MILK Token Airdrop Page

1 day ago | coincu.com | Mayowa Adebajo

Key Points:MilkyWay Foundation launches MILK token airdrop page, allocating 10% of tokens. Airdrop boosts interest in $milkTIA liquid staking for Celestia. Seed funding of $5 million from major investors supports protocol growth. The MilkyWay Foundation under the leadership of CEO JayB Kim, announced the commencement of its MILK token airdrop on April 24th, 2025. The event marks an allocation of 10% of the total MILK token supply, accessible via their newly launched lookup page.
EU Fines Apple and Meta €700M Under New Tech Rules

1 day ago | coincu.com | Mayowa Adebajo

Key Points:Apple and Meta fined €700M by EU for tech rule breaches. First enforcement under 2024’s Digital Markets Act. Both companies have 60 days for compliance or face penalties. Apple and Meta Platforms Inc. face a combined €700 million fine from the European Union for breaching the bloc’s Digital Markets Act, a decision reflecting heightened scrutiny over tech industry practices.
Trump Calls for Lower Interest Rates Amid Fed Disappointment

1 day ago | coincu.com | Mayowa Adebajo

Key Points:President Trump urges lower rates, impacting financial markets and crypto. Market responds with potential crypto asset rallies. Discontent with Federal Reserve’s current rate policies. U.S. President Trump on April 23 urged the Federal Reserve to reduce interest rates during SEC Chairman Atkins’ swearing-in ceremony. The call for rate cuts by Trump holds significant implications, potentially affecting both financial markets and cryptocurrencies.
BitradeX Secures £12 Million Series A Led by Bain Capital

1 day ago | coincu.com | Mayowa Adebajo

Key Points:BitradeX raises £12 million for AI expansion and compliance. Bain Capital leads the Series A financing round. Bitcoin used as a reserve fund in AI trading. ### BitradeX Raises £12 Million in Series A for AI and ComplianceBitradeX, an AI-driven digital asset trading platform, successfully raised £12 million in a Series A financing round led by Bain Capital on April 23, 2025.
SOL Strategies Secures $500M Convertible Note for SOL Growth

1 day ago | coincu.com | Mayowa Adebajo

Key Points:SOL Strategies secured $500M financing for SOL institutional staking. Largest deal in Solana ecosystem to date. Ties traditional capital to staking yield. SOL Strategies Inc. has secured a $500 million convertible note agreement with ATW Partners, intended for boosting its Solana (SOL) holdings and reinforcing its institutional staking platform. The agreement marks the largest of its type within the Solana ecosystem to date.
Tether's Market Cap Surpasses $145 Billion, Hits New Peak

1 day ago | coincu.com | Mayowa Adebajo

Key Points:Tether’s market cap hits $145 billion, a historical peak. Significant growth reflects strong institutional trust. Impacts USDT’s role in global crypto markets. The growth reflects robust trust among institutional and retail users, affirming USDT’s critical place in crypto trading, settlement, and remittances. Increased liquidity supports widespread trading activities across crypto exchanges. Tether’s leaders have not issued statements about the milestone.
U.S. Reaffirms Strong Dollar, Markets React

1 day ago | coincu.com | Mayowa Adebajo

Key Points:Yellen reiterates strong USD policy, affecting crypto and stocks. Nasdaq and S&P 500 futures rise sharply. Bitcoin inflows of $360M signify demand surge. U.S. Treasury Secretary Janet Yellen reaffirmed the United States’ commitment to a strong dollar policy on April 23, 2025. This policy influence quickly rippled through financial markets. The strong dollar policy reiterated by Yellen typically emboldens investor confidence, prompting increased inflows into USD-denominated assets.
Speculations Rise over U.S. Bitcoin Reserve Proposal

1 day ago | coincu.com | Mayowa Adebajo

Key Points:Market boosts following U.S. Bitcoin reserve speculation and potential financial policy shifts. Market anticipation fuels Bitcoin’s recent rebound. Federal Reserve independence comments influence Bitcoin positively. Trump’s suspected executive order to establish a national-level Bitcoin reserve continues to stir curiosity as the deadline for the treasury report nears.
Twenty One Capital Eyes Nasdaq Listing, Secures $585 Million for Bitcoin Holdings

1 day ago | coincu.com | Mayowa Adebajo

Key Points:Twenty One Capital partners with Cantor, Tether for Nasdaq listing. Raises $585 million to expand Bitcoin reserves. Third-largest corporate Bitcoin reserve holder worldwide. Twenty One Capital Eyes Nasdaq Listing, Secures $585 Million for Bitcoin HoldingsTwenty One Capital, Inc., in partnership with Cantor Equity Partners, Inc., announced on April 23, 2025, a merger intention set to enhance its Bitcoin holdings significantly, facilitated by a Nasdaq listing.