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In a surprising turn of events, Trader Joe's DeFi protocol has reported a significant spike in trading volumes as it introduces unique liquidity pools for lesser-known tokens. The platform aims to attract users seeking high-potential altcoins, leading to increased interest in assets that are often overshadowed by major players in the crypto space. Analysts suggest that this move could diversify the trading landscape and empower smaller projects to gain traction. Meanwhile, social media sentiment around $HNT has been buzzing this week, with influencers predicting a potential rally as partnerships in the IoT sector are announced. Experts are keeping a close eye on network performance, indicating that sustained utility could drive prices higher. On the regulatory front, Japanese authorities are reportedly drafting new frameworks that may enhance transparency in crypto trading, particularly affecting platforms that cater to innovative tokens. The impact of these changes on market dynamics remains to be seen, but traders are encouraged to stay informed as they navigate through evolving landscapes.

The Fed recently pulled back guidance warning banks about crypto risks. Senator Cynthia Lummis called it “lip service.” The Federal Reserve withdrew restrictive guidance on banks holding crypto assets, but not everyone is convinced that the regulator is taking a new direction. On Friday, April 25, pro-crypto Senator Cynthia Lummis blasted the Fed for what she considers performative steps on Bitcoin. (1/5) The Federal Reserve’s actions yesterday withdrawing crypto guidance are just lip service. Here’s why: Lummis pointed out that the Fed continues to block access to several crypto-friendly banks to master accounts. These are special types of accounts that enable the banks to participate in the Fed’s payment system directly. This has recently led to a crypto-friendly Custodia Bank suing the Fed , citing unwarranted delays in its master account application. The Senator also points to the fact that the Fed uses reputation risk when supervising banks. This applies to certain industries that, while legal, are unpopular and could damage the bank’s reputation. Notable examples include the oil industry, the marijuana industry, and crypto. This standard is controversial as it makes it harder for legal businesses to find banking partners. Lummis claims that the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation recently stopped using reputation risk. However, she believes that the Fed didn’t. Lummis also pointed out that the Fed didn’t withdraw the Policy Statement on Section 9(13) . This statement calls Bitcoin and other crypto assets “unsafe and unsound”. Finally, the Senator complained that the Fed’s staff behind the supposed operation “Chokepoint 2.0” is still running the Fed today. Operation Chokepoint refers to the supposed anti-crypto bias, or a series of coordinated actions on behalf of U.S. regulators under the Biden administration. During Joe Biden’s term in office, crypto companies complained that they found it increasingly difficult to find banking partners in the U.S. This has led many to scale back their services or look for offshore banking partners.

Dragonchain’s DRGN rallied over 97% after the U.S. Securities and Exchange Commission said it plans to dismiss its long-running lawsuit against the project over alleged unregistered securities sales. According to a joint filing on April 24, the SEC and Dragonchain have agreed the case should be dismissed with prejudice, meaning it can’t be refiled. The SEC cited the work of its newly established Crypto Task Force and said dropping the suit was the appropriate step. The lawsuit, originally filed in August 2022 , accused Dragonchain, its foundation, and founder Joseph Roets of raising $16.5 million through an unregistered token sale. The commission’s case centred on a 2017 presale and ICO that raised $14 million through DRGN tokens, with an additional $2.5 million sold between 2019 and 2022 to fund business operations and tech development. At the time, the regulator argued DRGN qualified as an investment contract and should have been registered under securities laws. The case, however, was paused in October 2024 after Dragonchain submitted a settlement offer and was later extended in January, following a major executive order from President Trump that called for the U.S. to take a leading role in digital assets. The order prompted a broader reassessment of how cryptocurrency is regulated in the U.S., and the SEC cited this shift in approach when deciding to withdraw from the Dragonchain lawsuit. In fact, the SEC’s newly formed Crypto Task Force, established the day after Trump returned to office, met with Dragonchain representatives on March 24. According to an internal agency memo , the discussion centred on how the SEC should approach crypto regulation, with a focus on blockchain’s non-financial applications. Dragonchain’s team, led by founder Joe Roets, argued that blockchain should be seen as foundational software, used for transparency, identity management, and automation, rather than purely as a financial instrument. For Dragonchain, the turnaround marked a sharp reversal for DRGN, which has been in a downtrend since 2021. As of press time, DRGN is still down heavily from its 2018 peak, but the token formed two God candles after the news broke, shooting up nearly 100% in the past 24 hours. Since the start of the year, the SEC has been steadily walking back from some of its biggest crypto battles. It pulled out of long-running lawsuits against Coinbase , Ripple , and Gemini , cases that once defined the agency’s hardline stance on digital assets under former chair Gary Gensler. As previously reported by crypto.news, it recently dropped its fraud case against HEX founder Richard Heart, after a federal judge tossed the complaint and the SEC chose not to amend it.

CZ: Web3 education platform Giggle Academy will provide a job market CZ said in a speech at the Carlton Hotel in Kuala Lumpur: "The United States went from cracking down on the digital asset industry during the administration of former President Joe Biden to embracing the digital asset industry during the administration of Trump, which in turn triggered a 180-degree change in the mindset of global regulators. Given that the United States is so supportive of cryptocurrencies now, all other governments actually have to improve their competitiveness a little bit in order to retain talent, attract funds and investment, so I do encourage most governments to be more progressive than the United States." In addition, Zhao Changpeng said that his Web3 education platform Giggle Academy does not currently provide a job market, but plans to launch it in the future. The Giggle platform can help children aged 14 and above in emerging markets (including Africa) find jobs. (Bloomberg)

Is Bitcoin decoupling from risk assets like equities and morphing into a “safe haven” like gold? The largest cryptocurrency by market value is behaving differently these days, but it may still be too early to tell whether the new trend will hold, several analysts say. The price of Bitcoin was recently trading near $93,000 on Tuesday, an almost 7% jump over the past day, according to crypto data provider CoinGecko. The asset’s price swelled after U.S. Treasury Secretary Bessent said that Washington’s tariff showdown with Beijing is “unsustainable,” and expected to de-escalate, per Bloomberg. The uptick follows a bumpy trading session on Monday. The S&P 500 and Nasdaq fell 3%, while Bitcoin moved higher alongside gold. Before the selloff in equities began, the dollar weakened on Sunday after U.S. President Donald Trump applied pressure on Federal Reserve Chairman Jerome Powell to lower interest rates. The divergence between equities and Bitcoin may be short-lived if it’s simply tied to a swoon in the greenback, Jake Ostrovskis, an OTC trader at Wintermute, wrote in a Tuesday note. The U.S. Dollar Index (DXY), which measures shifts in the dollar’s value relative to a basket of other currencies, will be a key measure to watch, he added. “I think the move is primarily being driven by USD weakness,” he wrote. “If that’s the case, the decoupling from equities may not hold once the DXY stabilizes.” Over the past month, Trump’s efforts to reshape global trade have hammered risk assets, as economists fear tariffs will lead to slower growth and higher costs for business and consumers. Compared to sell-offs in the past, Bitcoin has behaved differently, Compass Point analysts Ed Engel and Joe Flynn wrote in a Tuesday note. Bitcoin has historically been highly correlated with equities during selloffs that are based on macroeconomic events, but the analysts wrote that the asset’s 30-day correlation with the S&P 500 recently stood at 0.65. A correlation of 1 signals a perfect, positive correlation between two variables; -1 would mean a perfect, negative correlation. With Bitcoin’s performance since April 2–when Trump imposed harsh global tariffs on nearly all trading partners worldwide–somewhere between that of gold and the S&P 500, it’s clear that investors are rethinking how the leading cryptocurrency fits within broader markets, David Duong, head of research at Coinbase Institutional, told Decrypt.$BTC