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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

New York has introduced a bill that would allow state agencies to accept Bitcoin, Ethereum, Litecoin, and Bitcoin Cash for payments such as taxes, fines, and fees.

The legislation also permits the state to charge a service fee to cover crypto transaction costs.

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President Donald Trump’s April 9 social media post saying “TIME TO BUY” at 9:37 AM EDT, followed by his announcement at 1:19 PM of a 90-day pause on retaliatory tariffs, has triggered a surge in the stock market and raised ethical concerns.

Democratic senators are now calling for an investigation into possible insider trading, questioning whether White House officials or Trump’s family members had prior knowledge of the policy reversal and may have used that information to influence their investments.

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Gold hit a new all-time high of $3,220 as President announced a 90-day pause on reciprocal tariffs.

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FTX founder SBF has been transferred to Victorville Medium II FCI, a medium-security federal prison in California known for its high levels of violence and nicknamed “Victimville” by inmates.

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President repealed a late Biden-era crypto tax rule that required brokers to report user transactions to the IRS via Form 1099s, rolling back a key data-reporting mandate.

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Elon Musk plans to turn X (Twitter) into an equivalent of China’s WeChat, with the company developing a messenger called XChat.

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Block, Jack Dorsey’s company, has agreed to settle a dispute with the New York Department of Financial Services (NYDFS) for $40m over "significant failures" in its anti-money laundering compliance program.

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VanEck confirmed that China and Russia are settling energy trades in Bitcoin, providing key evidence of accelerating de-dollarization.

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The European Securities and Markets Authority (ESMA) concluded that crypto does not yet pose a significant risk to financial stability, noting its $2.45tr market cap as of April 9, 2025, accounts for just 1% of global financial assets.

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China’s top leadership will hold an emergency meeting to discuss economic stimulus measures after Donald Trump’s tariff shock.

Meanwhile, the Chinese yuan has dropped to its lowest level since 2007.

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The U.S. stock market saw $5.5 tr in inflows as President Donald Trump paused reciprocal tariffs.

The Magnificent Seven stocks also showed a strong rebound following their sharp drop in the first week of April:

Meta (META): 14.76%
Microsoft (MSFT): 10.13%
Amazon (AMZN): 11.98%
Google (GOOGL): 9.88%
Apple (APPL): 15.33%
Nvidia (NVDA): 18.72%
Tesla (TSLA): 22.69%

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The U.S. SEC approved launch of options on spot Ethereum ETFs.

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Amazon has canceled orders for various products made in China and other Asian countries following President Trump's April 2 announcement of new tariffs.

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In response to new U.S. global tariffs, Bitcoin miners are rapidly importing equipment from regions like China, Malaysia, and Thailand, with some large companies chartering flights costing up to $3.5m per trip.

The U.S. has already imported over $860m worth of mining equipment in Q1 2025, and the new tariffs are expected to increase equipment prices by 22% to 36%.

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China’s Ministry of Finance has ordered the introduction of additional 84% tariffs on U.S. goods starting April 10.

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South Korea has postponed applying the Credit Information Act to crypto exchanges until December 1, 2025, granting a grace period with no penalties unless violations involve intent or gross negligence.

The Credit Information Act regulates the collection, use, and protection of personal and financial data. Its application to crypto would require exchanges to treat user transaction records as sensitive credit information.

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Lomond School in Scotland has become the first UK boarding school to accept Bitcoin for tuition fees, starting from Autumn 2025.

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China’s Tariff Commission announced it will raise tariffs on U.S. goods to 125% up from 84%, effective April 12, 2025.

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The SEC and Ripple have jointly moved to pause their appeals, citing a principle settlement agreement awaiting SEC Committee approval—marking a final step toward ending the long-running case.

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After the blocking of 22.8m USDT and Garantex domains, the owners launched a new exchange, Grinex, and started using A7A5 ruble-stablecoin:

The domain Grinex.io was registered back in 2024

Instead of USDT, the exchange switched to A7A5, a ruble-backed stablecoin issued by the Kyrgyz company Old Vector for Promsvyazbank's payment system

After the USDT blocking, Garantex began moving A7A5 through disposable wallets while 61.7% of A7A5's total supply was directed to Grinex's operational wallets

On March 10, 4.5bn A7A5 ($60m) was burned, and an equivalent amount of new tokens was issued to hide previous transactions

While not officially announced, users were encouraged to switch to Grinex through personal meetings

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The EU has suspended its retaliatory 25% tariffs on US goods for 90 days following a 90-day pause in higher tariffs introduced by Trump.

Ursula von der Leyen emphasized that the EU is ready to negotiate a trade deal, with the countermeasures only set to take effect if talks fail.

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💡💡💡
The U.S. announced the inflation figures:

CPI: 2.4% YoY, -0.1% MoM
Forecasted CPI: 2.5% YoY, 0.1% MoM

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Ethereum Foundation developer Virgil Griffith, known for his work on the Ethereum Name Service (ENS), has been released after his sentence was reduced to 56 months.

He was convicted of conspiring to violate international sanctions by attending and speaking at a cryptocurrency conference in Pyongyang, North Korea, in 2019.

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Upbit, the largest crypto exchange in South Korea, now allows law enforcement agencies to open accounts for virtual asset transactions.

Listed in the examples were prosecutors, the National Tax Service, and local governments.

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Pakistan announced plans to allocate part of its surplus energy to Bitcoin mining and AI data centers, revealing ongoing talks with several mining firms.

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The U.S. Senate voted 52 to 44 to confirm Trump-nominated Paul Atkins as the SEC’s new Chair, officially replacing interim SEC chief Mark Uyeda.

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Donald Trump announced an immediate increase in tariffs on Chinese goods to 125%, citing China's lack of respect for global markets and continued trade manipulation.

At the same time, he introduced a 90-day pause and a significant reduction of reciprocal tariffs to 10% for over 75 countries that have approached the U.S. for trade negotiations and have not imposed retaliatory measures.

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Ukraine plans to tax virtual assets at a standard rate of 18% income tax plus 5% military levy, or offer preferential rates of 5% and 9%.

Only conversions of crypto into fiat or non-digital assets will be taxable, with mining, staking, and airdrops also addressed in the new matrix.

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Binance Futures is set to launch LDUSDT, a new margin asset that isn’t a stablecoin but can be used for Futures trading.

It will also allow users to earn Simple Earn Real-Time APR rewards.

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China’s central bank has instructed major state banks to curb dollar purchases and tighten oversight of FX transactions to prevent further yuan depreciation.

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