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
The global crypto market is shifting, and the U.S. is losing its dominance:
⚫U.S. exchange share of ETH and BTC trading has dropped to record lows—just 8.6% for ETH and 11.5% for BTC
⚫That means 91.4% of ETH and 88.5% of BTC trading volume is taking place outside the U.S.
⚫88% of ADA and SOL trading volume is also happening outside the U.S.
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MARA Holdings plans to follow Michael Saylor’s Strategy by raising $2bn through a stock offering to buy more Bitcoin.
The sale will be handled by Cantor Fitzgerald and Barclays. The company currently holds 46,374 BTC (~$3.9bn).
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Since 2020, 47 countries have eased or simplified crypto regulations, while 4 countries have tightened restrictions or completely banned crypto and mining.
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Japan's Financial Services Agency is preparing to revise legislation to officially classify crypto assets as financial products and introduce new insider trading rules.
The proposed bill, aimed at curbing the use of undisclosed information in crypto trading, is expected to be submitted to Congress in 2026.
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FTX will begin repaying creditor claims over $50,000, starting May 30, using its $11.4bn cash stockpile.
However, crypto claims are valued based on prices from November 11, 2022, meaning creditors will receive only about 20% of Bitcoin’s current market value, despite its 5x price increase since then.
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✔ This week's crypto market highlights:
⚫ Strategy buys 6,911 Bitcoins
⚫ Trump imposes tariffs over Venezuela oil trade
⚫ Kraken plans $1bn debt raise with banks
⚫ Ripple drops appeal, agrees to $50m fine
⚫ Elon Musk launches Grok AI on Telegram
⚫ GameStop to raise $1.3bn with zero-interest notes
⚫ Galaxy Digital settles for $200m over LUNA promotion
⚫ UAE to launch digital dirham in Q4 2025
⚫ Trump pardones BitMEX founders
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President Trump has pardoned BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed.
Previously, prosecutors said BitMEX operated as a “money laundering platform” and falsely claimed to leave the U.S. market.
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The UAE plans to launch its digital dirham in Q4 2025, aiming to enhance financial stability, combat crime, and support innovative digital services.
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Galaxy Digital has reached a $200m settlement with the New York Attorney General over its involvement in promoting LUNA without disclosing its financial interests.
The agreement follows the 2022 collapse of Terra’s LUNA and UST, which wiped out at least $40bn in market value.
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The U.S. SEC has officially dismissed its lawsuits against Kraken, Consensys, and Cumberland as part of its broader effort to "reform" and "renew" its regulatory approach to the crypto industry.
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French state-owned investment bank Bpifrance has announced plans to launch a €25m fund to directly invest in locally issued cryptocurrencies that have not yet been listed on exchanges.
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The US announced that the QoQ GDP grew by 2.40% annualized, surpassing the expected 2.30%.
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OpenAI is nearing completion of a record-breaking $40bn funding round led by SoftBank, potentially valuing the company at $300bn.
The round includes major investors like Magnetar, Founders Fund, and Altimeter, with SoftBank contributing $30bn across two tranches in 2025.
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Wyoming plans to launch its own cryptocurrency, the WYST token, by July 2025, marking the first fiat-backed stablecoin issued by a U.S. entity.
The token will be fully backed by U.S. Treasuries, cash, and repurchase agreements, with a capitalization requirement of at least 102%. Wyoming is exploring blockchains such as Solana, Ethereum, and Polygon for hosting the WYST token.
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Elon Musk confirmed the launch of the AI bot Grok in Telegram.
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Coinbase now holds 3.84m staked ETH across 120,000 validators, controlling 11.42% of the total staked ETH, raising concerns over centralization as institutional adoption grows.
Binance follows with 2m staked ETH, and Kraken with 1m.
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Bithumb, South Korea's second-largest crypto exchange, reported a turnaround with $89m in operating profit for 2024, after a loss in 2023.
Its net profit surged to $110m, marking a 565.8% year-over-year increase.
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T-Mobile, one of the world's largest telecom operators, has been ordered to pay $33m in damages due to security flaws that enabled SIM swap attacks, resulting in cryptocurrency theft.
This marks the largest known payout in a SIM swap-related case, highlighting serious vulnerabilities in the telecom giant's systems.
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The California State Assembly has officially introduced AB-1052, a bill that affirms self-custody rights for Bitcoin and other digital assets.
It also prohibits public institutions from restricting payments and bars public officials from issuing, sponsoring, or promoting any digital assets, securities, or commodities.
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Gold surpassed $3,100 for the first time ever, hitting a new all-time high of $3,126.80.
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Bitcoin dominance has climbed to 58%, resisting the anticipated shift toward altcoins, even amid conditions typically favorable for broader market rotation.
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The FDIC has issued Financial Institution Letter FIL-7-2025, clarifying that FDIC-supervised banks can engage in permissible crypto-related activities without prior approval, as long as they properly manage related risks. The letter also rescinds the earlier FIL-16-2022 issued in 2022.
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Dunamu, the parent company of Upbit, reported a full-year operating profit of $809m for 2024, reflecting an 85.1% year-over-year increase, while its net profit grew by 22.2% to approximately $671m.
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Terraform Labs has launched a claims portal for users to file loss compensation requests.
Creditors can submit their crypto loss claims from March 31 to April 30.
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Gold hit a new all-time high of $3,077, two weeks after surpassing $3,000 on March 14, 2025. Gold is now up 15.76% year-to-date.
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USDC supply has reached a new all-time high of $60bn, a 100% year-over-year increase. Ethereum leads with over $36bn, followed by Solana and Base.
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Ethereum withdrawals from crypto exchanges have fallen to a seven-month low of under 60,000 ETH on March 25, 2025.
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GameStop plans to raise $1.3bn via a private offer of 0.00% interest Convertible Senior Notes due 2030.
The offering proceeds are expected to be used for corporate purposes, and for Bitcoin purchase.
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Since March 25, Google has imposed domestic access restrictions on 17 exchanges that are not registered in South Korea, at the request of the local government.
Users are unable to install new related applications or update existing ones, including exchanges such as KuCoin, MEXC, Phemex, XT, Biture, CoinW, CoinEX, ZoomEX, Poloniex, BTCC, DigiFinex, Pionex, Blofin, Apex Pro, CoinCatch, WEEX, and BitMart.
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The Crypto Fear and Greed Index rose to 47, signaling a state of “Neutral” and recovering to its March 20, 2025 level after a streak of “Fear” and “Extreme Fear.”
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