The US Securities and Exchange Commission has dropped its investigation into the PayPal dollar-backed stablecoin, PYUSD, without taking enforcement action. PayPal disclosed the decision in a Tuesday filing, marking another high-profile crypto probe closed under President Donald Trump’s administration.It said that the SEC’s Division of Enforcement had issued a subpoena in Nov. 2023, requesting documents related to PYUSD. The company said that in Feb. 2025, the SEC informed them that the inquiry had been closed with no further action.Trump-Era SEC Scales Back Crackdown On Digital AssetsThe move comes as part of a broader shift at the SEC. Since Trump took…
Author: cryphedge
The US Securities and Exchange Commission (SEC) delayed decisions on five crypto-related exchange-traded funds (ETFs) applications on April 29, a move expected by Bloomberg ETF analysts James Seyffart and Eric Balchunas.The postponements affect Franklin Templeton’s spot Solana (SOL) and XRP ETFs, Grayscale spot Hedera (HBAR) ETF, Bitwise spot Dogecoin (DOGE) ETF, and the staking provisions associated with the Fidelity spot Ethereum (ETH) ETF. Seyffart stated:“This is expected IMO. Final deadlines for most of this stuff is in October 2025 or later.”He also did not discard the possibility of further delays this week, with more deadlines approaching on roughly 72 crypto ETFs…
The significant cash inflows to the TON network from institutional investors will bolster bullish sentiment.The TON/USD pair has not yet broken out of crucial resistance levels to kickstart a fresh bull rally.The Open Network (TON) has emerged as a top contender in the highly anticipated 2025 crypto altseason. Toncoin (TON), a large-cap altcoin with a fully diluted valuation of about $16 billion and a 24-hour average trading volume of around $114 million, has experienced low bearish sentiment in the recent past, signaling a potential momentum shift. The vast integration of the TON ecosystem with the Telegram messaging platform has helped attract…
The leading stalking provider, P2P.org, has been elected as a Super Representative (SR) on the TRON network. The appointment comes after a competitive election process. It will now support validation on more than 40 networks, including Ethereum and Avalanche. Give a warm welcome to @P2Pvalidator as #TRON’s newest Super Representative! 👏 This strategic integration strengthens TRON’s infrastructure and expands https://t.co/wDPb5OShMq’s validation services to over 40 supported networks. More details from @TheBlock__ ⤵️… pic.twitter.com/CERSTGF3kM — TRON DAO (@trondao) April 29, 2025 TRON Elects P2P.org as New Super Representative Becoming a TRON Super Representative gives P2P.org the responsibility of running a network…
A new Solana-based memecoin called Trump Ends Tariffs (TRUMPTAR) is taking the crypto world by storm, drawing immediate comparisons to early breakout tokens likeDogWifHat (WIF), Shiba Inu (SHIB), and Dogecoin (DOGE). With a fresh launch and early trading activity picking up speed, many believe TRUMPTAR could be the next big thing in the memecoin market. Launched with over $6,000 in initial liquidity—a higher starting point than many newcomers—TRUMPTAR is currently available on decentralized Solana platforms like Raydium.io and Jup.ag. Early buyers are already speculating on huge gains, especially with rumors swirling of imminent listings on top-tier centralized exchanges (CEXs). These…
In news that sparked excitement in the crypto space, RCO Finance has recently announced major upgrades following a staggering $7.5 million investment from a top VC firm in its ongoing token presale. This remarkable achievement highlights the platform’s growing demand and the potential of its DeFi ecosystem, making RCOF a token worth considering for savvy investors. Let’s explore why you should also capitalize on the thrilling token presale! $7.5M VC Investment Sends RCOF Token Presale Soaring—Is This the Next Big Thing? The speed at which RCO Finance’s token presale is gaining ground is simply unheard of. Since the Beta launch,…
Sonic is set to upgrade to native USDC and integrate with CCTP V2 for better liquidity and experience. Sonic (S) price, currently at $0.5226, may hit $1.03 or fall to $0.3596 after the upgrade. A successful transition could spark increased adoption and liquidity, potentially pushing the S price higher. Sonic (S), the native token of the Sonic blockchain, has been trading in a tight range for the past 48 days, with investors eagerly awaiting the upcoming transition from bridged USDC to native USDC. This transition, scheduled to begin on May 6, 2025, is expected to bring significant changes to the…
What if the next meme coin could skyrocket by 10,000% from whitelist to presale launch? Sounds too good to be true? Well, Troller Cat ($TCAT) is quickly becoming the talk of the crypto world, with insiders speculating on massive returns as the presale draws near. This could be your chance to get in before everyone else, but only if you act fast — the whitelist is closing soon, and once it’s gone, you’ll have missed your shot at one of the most exciting projects in the meme coin space. As the cryptocurrency market heats up, TrollerCat ($TCAT) is poised to…
The severe Ethereum price drop of 47% in 2025 has many investors questioning whether now is actually the time to buy or sell. At the time of writing, ETH is trading at around $1,823.12 with a slight 0.83% recovery over the past day, and Ethereum faces significant challenges despite its rather substantial $220.49 billion market cap.Source: CoinMarketCapAlso Read: Top 5 Defense Stocks to Buy as U.S. Approves $150B Military BudgetSource: Watcher GuruDeclining Active Wallets Signal TroubleRecent data shows Ethereum’s active wallet addresses dropped to about 13.9 million in March, down 1.5 million from last year. This key metric suggests users…
Circle, the issuer of the USDC stablecoin, has secured initial approval from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi.The approval, announced on April 29, allows Circle to move closer to receiving a full Financial Services Permission (FSP) to operate within the Abu Dhabi Global Market (ADGM).This progress comes just months after Circle’s incorporation in ADGM in December 2024. It marks a significant step in the stablecoin issuer’s plan to offer compliant financial services across the Middle East and Africa (MEA).Circle stated that the approval strengthens its position as a trusted player in the expanding world of regulated digital finance.The…
