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The latest and biggest crypto news about how Bitcoin, blockchain, DeFi, and Web3 are shaping our world. Global: https://t.me/addlist/pIGS3a3VQZllNzIy Community: @telochat_en Twitter: twitter.com/Telo_Official For ads: ad@telo.news

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Telo News - Crypto | DeFi | Web3

The U.S. House Committee passed the Anti-CBDC Act in a 27–22 vote, aiming to block the Federal Reserve from issuing a digital dollar over concerns of financial surveillance and turning the central bank into a retail banking entity.

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Bithumb’s former CEO Lee Sang-jun received $3.5m in 2024—including a $1.4m bonus, $1.5m in retirement benefits, and a $320,000 base salary—despite being incarcerated.

In December 2024, prosecutors accused him of accepting $20m in cash. While the court acquitted him of that charge, it upheld a bribery conviction involving non-cash favors and sentenced him to two years in prison.

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Illinois is preparing to drop its staking lawsuit against Coinbase, following the lead of Kentucky, Vermont, and South Carolina—three states that have recently withdrawn similar legal actions against the exchange.

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CoinList is returning to the U.S. market after a five-year hiatus, citing a more crypto-friendly environment under the Trump administration, which has led to the SEC dropping cases against firms like Coinbase and Kraken.

Its last U.S. token sale was in 2019, when regulatory pressure pushed projects like Solana and NEAR to block American investors.

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Elon Musk has denied reports that he will resign as head of the Department of Government Efficiency (DOGE) by the end of May, calling the claims "fake news."

The statement follows widespread coverage from publications like POLITICO, news outlets, and even TV channels like MSNBC, which claimed President Donald Trump had informed his inner circle and cabinet members that Musk would be stepping down in the coming weeks.

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FDUSD has denied all allegations made by Justin Sun, calling them completely false and misleading. According to their statement:

The issue concerns TUSD, not FDUSD.
First Digital Trust remains fully solvent.
All FDUSD reserves are backed 1:1 by U.S. Treasuries, with verifiable ISINs listed in their certification reports.
FDUSD labeled Sun’s remarks as a coordinated smear campaign against a competitor.
The company plans to take legal action to protect its rights and reputation.

First Digital Trust serves as the custodian for both TUSD and FDUSD and is headquartered in Hong Kong.

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President Donald Trump's second son, Eric Trump, says he turned to crypto after multiple U.S. banks—including JPMorgan, Bank of America, Capital One, TD Bank, and First Republic—closed family accounts.

He announced they are jointly launching American Bitcoin with Hut 8 Mining, aiming to become the largest Bitcoin miner and build a Bitcoin reserve.

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Elon Musk is set to resign as head of the Department of Government Efficiency (DOGE) by the end of May, wrapping up a 130-day mission to slash the U.S. federal deficit by $1tr.

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The Chinese government said it will explore the use of blockchain to improve data security.

This comes as the government begins applying private data computing to credit information sharing in an effort to reduce the risk of data leaks.

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BlackRock is now registered with the UK’s Financial Conduct Authority (FCA) as a crypto asset firm.

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Tether added 8,888 BTC ($735m) to its reserves in Q1 2025, increasing its total holdings to 92,646 BTC ($7.8bn) and making it the sixth-largest single-wallet holder.

Despite Bitcoin’s 12% Q1 decline, Tether now sits on $3.86bn in unrealized gains and continues its strategy of quarterly accumulation and broader diversification into mining, energy, and AI.

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A Brazilian court has approved the use of NFTs to serve subpoenas in the BWA Brazil bankruptcy case, one of the country’s largest crypto frauds.

BWA is accused of defrauding investors of 11,200 BTC, worth approximately $900m, with the ruling targeting unidentified defendants via their Bitcoin wallets.

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BlackRock’s BUIDL fund, a tokenized fund operating mostly on Ethereum, saw its TVL surge from $615m to $1.87bn in just three weeks.

Amid falling transaction fees, BlackRock continues to tokenize more assets on-chain.

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Brazil’s National Monetary Council (CMN) has prohibited closed supplementary pension funds (EFPC) from investing their guaranteed reserves in crypto assets.

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Circle has hired investment banks JPMorgan and Citi to lead its long-anticipated IPO, with a public filing expected by late April. The company is targeting a valuation of $4–5bn.

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The total stablecoin market cap hit a new all-time high of $235.3bn, rising by over $30bn since the start of 2025.

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Kyrgyzstan signed a Memorandum of Understanding with CZ to jointly develop the country’s cryptocurrency and blockchain ecosystem.

The agreement covers infrastructure and technology support, professional consulting, and educational initiatives.

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Kraken has registered as a restricted dealer in Canada, allowing it to continue serving Canadian users under the country’s evolving crypto regulations. To lower entry barriers, the exchange will also offer free Interac e-Transfer deposits.

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U.S. House Financial Services Committee ranking member Maxine Waters said that any stablecoin bills in Congress should receive no support unless Republicans address Donald Trump’s conflicts of interest.

She accused Trump of using his position as president to profit from “multiple crypto schemes,” including a U.S. dollar-pegged stablecoin launched by World Liberty Financial (WLFI), a firm backed by his family.

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Donald Trump has announced sweeping tariff measures:

A new executive order will introduce reciprocal tariffs for all countries.
A flat 10% base tariff will apply universally from April 5th.
A 25% tariff on foreign-made automobiles takes effect at midnight.
Reciprocal tariffs will equal half the rates imposed by each respective country and will apply from April 9th.

Tariff rates for key trading partners:

China: 34%
Vietnam: 46%
Japan: 24%
EU: 20%
UK: 10%
Taiwan: 32%
Switzerland: 31%
Cambodia: 49%
South Africa: 30%
India: 26%
Brazil: 10%
South Korea: 25%
Israel: 17%

Trump called these “friendly reciprocal tariffs,” urging foreign governments to cancel their own duties and buy American products, claiming this move will mark the beginning of a “Golden Era” for the U.S. economy.

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FDUSD depegged from the U.S. dollar, dropping 5% after Justin Sun suggested that First Digital Trust may be insolvent.

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GameStop announced it raised $1.48bn in net proceeds from notes, which will be used for Bitcoin acquisition and corporate purposes.

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Japan’s second-largest bank, SMBC, is planning to launch its own stablecoin in collaboration with Ava Labs and Fireblocks, with experiments set for the second half of 2025.

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USDC stablecoin issuer Circle has officially filed for an initial public offering (IPO), aiming to list on the New York Stock Exchange under the ticker symbol CRCL.

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FTX will soon begin reimbursing clients in Europe.

Backpack has opened the KYC process as part of the reimbursement procedure, with the second distribution phase set for May 30.

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The S&P 500 and Nasdaq Composite posted their worst quarterly performances since 2022, falling 4.6% and 10.5% respectively in Q1 2025.

The Dow Jones held up slightly better, slipping 1.3% amid market unease over tariffs and tech sector weakness.

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The U.S. Treasury Department and other federal agencies are set to disclose their Bitcoin and crypto holdings on April 5.

The announcement will also clarify whether assets like XRP, Solana, and Cardano are part of the national digital asset reserves.

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OKX has appointed Linda Lacewell, former New York Department of Financial Services (NYDFS) Superintendent, as Chief Legal Officer, replacing Mauricio Beugelmans.

Lacewell joined OKX's board in 2024 and led efforts to modernize New York's cryptocurrency licensing framework. Her appointment aligns with OKX's expansion into key markets like Europe and the UAE.

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Telegram bonds have reached record levels when adjusted for the federal funds rate amid Telegram’s growth to over 1bn monthly active users and the transition to profitability.

According to Pavel Durov, institutional support from major global investment funds has contributed to its financial stability and ability to operate independently.

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Strategy (formerly MicroStrategy) has acquired 22,048 BTC for approximately $1.92bn at an average price of $86,969 per Bitcoin, bringing its YTD 2025 BTC yield to 11.0%.

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