Justin Sun, Rand Paul, Brock Pierce and Karnika Yashwant join forces to power Liberland
Liberland, a sovereign state located between Croatia and Serbia, is preparing to celebrate its 10th anniversary this weekend. The blockchain-based nation has already chosen leaders for its Congress ahead of building the next phase of its decentralization.
Tron founder and Prime Minister of Liberland, Justin Sun, has publicly committed to supporting the nation’s infrastructure. He will be attending the much-anticipated event while setting the tone for the future.
Former US Senator Rand Paul and blockchain entrepreneur Brock Pierce are also confirmed to deliver remarks.
Justin Sun called the anniversary a “top priority” for both himself and his team. “This anniversary is a very big thing for Liberland as it will be a major event where all citizens can come together and share their vision,” he stated.
While he might not attend in person, Sun confirmed he will participate virtually. He even expressed hopes that the gathering would “bring together more students, governments, and participants for Liberland as a country.”
Sun’s message comes amid rising interest in the micronation’s efforts to build a blockchain-based governance framework. The self-declared libertarian micronation has long positioned itself as a testing ground for digital democracy and decentralized infrastructure.
The crypto mogul has pledged the support of TRON’s technical team to help advance Liberland’s blockchain development, particularly as it moves toward Ethereum Virtual Machine (EVM) compatibility.
“We are going to be EVM-compatible, which will get more users exposure to the infrastructure,” he said, noting that adopting widely used standards will broaden participation in the nation’s governance protocols. EVM compatibility is a critical step for decentralized projects seeking to integrate with Ethereum’s expansive ecosystem of smart contracts and decentralized applications.
In a political development timed with the event, Karnika E. Yashwant, known widely in blockchain circles as “Mr. KEY,” has been elected to Liberland’s Congress . His involvement adds further legitimacy to the blockchain-based nation’s institutional aspirations, as the micronation continues to attract high-profile figures from the crypto and political worlds alike.
Mr. KEY, in a post, stated that when he first entered the blockchain space back in 2013, it wasn’t just the technology that caught his attention, it was the philosophy. He highlighted the idea of freedom encompassing the “Freedom of choice. Freedom of control. Freedom to build, to participate, to thrive.”
He added that Liberland recognized these same values while saluting visionaries like Vit Jedlicka, Petr Krovina, and Samuela Davidova for carrying this vision forward.
Crypto mogul Sun has also revealed plans to travel to the United States in May as part of a broader diplomatic and business outreach effort. It may include meetings with President Donald Trump. He stated, “If we have any agendas we want to push for Liberland in the US, we can definitely do that,” he said.
As Liberland prepares to mark another year of its radical experiment in nation-building, Sun’s support represents a massive endorsement from one of the blockchain industry’s most visible figures.
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Cardano Price Prediction: ADA Price Rebounds as Crypto Market Rallies
The crypto market is back in green, with major tokens soaring after U.S. President Donald Trump announced a 90-day pause on his global tariff plans. While Bitcoin and Ethereum saw big moves, Cardano ( ADA ) was one of the biggest winners of the day, gaining strong momentum from the news.
At the time of writing, ADA price is up 10% in the past 24 hours, trading around $0.62. The move comes after the token successfully broke above the $0.60 level, which has acted as a key resistance — and now flipped into support.
The market is showing signs of renewed optimism, and ADA is riding the wave.
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ADA/USD price in the past week - TradingView
There are 3 main reasons for why is Cardano price up:
With ADA now trading solidly above the $0.60 level, many traders are watching the next key zone: $0.70. If the crypto market continues its rebound, Cardano could easily push above $0.70 in the coming days.
However, if $0.60 fails to hold as support, analysts warn of a pullback toward $0.54 or even $0.50.
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Cardano is showing strength right now, but the next few days will be crucial. The $0.60 support is a key level to watch — hold it, and ADA might run. Lose it, and we could see another correction. For now, bulls are back in control, and ADA’s bounce could be just the beginning.
The crypto market is back in green, with major tokens soaring after U.S. President Donald Trump announced a 90-day pause on his global tariff plans. While Bitcoin and Ethereum saw big moves, Cardano ( ADA ) was one of the biggest winners of the day, gaining strong momentum from the news.
At the time of writing, ADA price is up 10% in the past 24 hours, trading around $0.62. The move comes after the token successfully broke above the $0.60 level, which has acted as a key resistance — and now flipped into support.
The market is showing signs of renewed optimism, and ADA is riding the wave.
--> Trade Cardano now with Bitget , open an account using our link to get 100% transaction fee rebates in BGB on your first transaction <--
ADA/USD price in the past week - TradingView
There are 3 main reasons for why is Cardano price up:
With ADA now trading solidly above the $0.60 level, many traders are watching the next key zone: $0.70. If the crypto market continues its rebound, Cardano could easily push above $0.70 in the coming days.
However, if $0.60 fails to hold as support, analysts warn of a pullback toward $0.54 or even $0.50.
--> Trade Cardano now with Bitget , open an account using our link to get 100% transaction fee rebates in BGB on your first transaction <--
Cardano is showing strength right now, but the next few days will be crucial. The $0.60 support is a key level to watch — hold it, and ADA might run. Lose it, and we could see another correction. For now, bulls are back in control, and ADA’s bounce could be just the beginning.
South Korea’s Top Banks Demand Piece of 16M User Crypto Pie
South Korea’s cryptocurrency market is booming, with more than 16 million citizens—over 30% of the population—now holding crypto exchange accounts.
This huge user base has led the country’s top traditional banks to push lawmakers for regulatory changes that they say currently block fair competition and limit innovation in the digital asset space, as per a report from local news outlet Money Today .
At a high-level meeting held this week, executives from the nation’s largest financial institutions—KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, Jeonbuk Bank, and internet-only Toss Bank—urged lawmakers from the ruling People Power Party to revisit the one-to-one partnership rule between banks and crypto exchanges.
Woori Bank’s President Jung Jin-wan argued that local exchanges should be allowed to partner with multiple banks, citing consumer limitations and institutional demand.
Under current law, each crypto exchange in South Korea must partner exclusively with one bank to offer fiat-to-crypto services, a regulation aimed at preventing money laundering and ensuring real-name verification.
While effective in enforcing accountability, critics argue that it has created an uneven playing field, allowing some banks to reap massive user growth while others are left out.
Related: Survey: Nearly 50% of Korean Investors Expect US Tariffs to Harm Crypto Market and Drive Price Drops
The prime example cited is K-Bank. The neobank that partnered with top exchange Upbit in 2020, saw its user base skyrocket from 2.19 million to 6.6 million in a single year. As of late 2024, that figure had nearly doubled to 12.7 million.
This outsized growth, enabled by regulatory exclusivity, has made the current framework a contentious issue among South Korea’s major banking players.
Data obtained by opposition lawmaker Cha Gyu-geun and reported by Yonhap reveals that South Korea’s crypto user base surpassed 16 million following US President Donald Trump’s election win last November.
That number represents nearly one-third of the country’s population, with holdings totaling more than 102.6 trillion won ($70.3 billion). Analysts are predicting the figure could hit 20 million by year-end, despite concerns of market saturation.
Related: Google Play Store Boots Unregistered Exchanges in South Korea
On the other hand, a recent report from the country’s Ethics Commission for Government Officials revealed that more than 20% of high-ranking public servants hold crypto assets, averaging 35.1 million won ($24,000) each.
The disclosures—totaling 14.4 billion won ($9.8 million) across 411 individuals—include holdings in mainstream tokens such as Bitcoin, Ethereum, XRP, Dogecoin, and LUNC.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Breaking Bitcoin News: Germany Set to End Bitcoin’s Tax-Free Holding Period as SPD Takes Over
The crypto community in Germany is worried after recent political developments suggest the end of one of the most favorable tax advantages for Bitcoin holders. According to reports from Berlin, the SPD (Social Democratic Party) is expected to head the finance ministry in the upcoming government—bringing with it significant changes to how crypto is taxed.
Germany currently offers one of the most attractive crypto tax setups in the world. If you hold Bitcoin or any cryptocurrency for more than one year, any profits made from selling are completely tax-free.
But that might be about to change.
Sources say the SPD is planning to eliminate the one-year tax-free rule. Under the new plan, crypto gains could become permanently taxable—regardless of how long you hold your coins. The proposal suggests a flat 25% tax rate, aligning crypto profits with Germany’s existing capital gains tax known as “Abgeltungssteuer.”
The move has sparked intense backlash from both retail investors and tax consultants, with many saying it will stifle innovation and make Germany less attractive for crypto users and builders. Some fear this could drive investors to other European countries with more favorable tax laws, like Portugal or Switzerland.
Others, however, say the change brings crypto into the same legal framework as traditional finance—something that might be necessary for mainstream adoption.
If this tax reform goes through, HODLing Bitcoin in Germany will no longer be a safe tax-free strategy. This could lead to short-term volatility in the market, as investors adjust their strategies. On the flip side, it may push more users to embrace regulated, tax-efficient crypto products or even explore offshore solutions.
The crypto community in Germany is worried after recent political developments suggest the end of one of the most favorable tax advantages for Bitcoin holders. According to reports from Berlin, the SPD (Social Democratic Party) is expected to head the finance ministry in the upcoming government—bringing with it significant changes to how crypto is taxed.
Germany currently offers one of the most attractive crypto tax setups in the world. If you hold Bitcoin or any cryptocurrency for more than one year, any profits made from selling are completely tax-free.
But that might be about to change.
Sources say the SPD is planning to eliminate the one-year tax-free rule. Under the new plan, crypto gains could become permanently taxable—regardless of how long you hold your coins. The proposal suggests a flat 25% tax rate, aligning crypto profits with Germany’s existing capital gains tax known as “Abgeltungssteuer.”
The move has sparked intense backlash from both retail investors and tax consultants, with many saying it will stifle innovation and make Germany less attractive for crypto users and builders. Some fear this could drive investors to other European countries with more favorable tax laws, like Portugal or Switzerland.
Others, however, say the change brings crypto into the same legal framework as traditional finance—something that might be necessary for mainstream adoption.
If this tax reform goes through, HODLing Bitcoin in Germany will no longer be a safe tax-free strategy. This could lead to short-term volatility in the market, as investors adjust their strategies. On the flip side, it may push more users to embrace regulated, tax-efficient crypto products or even explore offshore solutions.
U.S. House hearing reignites crypto regulation push, hopes for clarity ‘this year’
U.S. legislators are pushing for clearer regulations on crypto, in an effort to keep the $2.7 trillion crypto industry in the U.S.
U.S. Congress is seeing another major push for regulatory clarity on crypto. On April 9, the House financial services committee’s subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a hearing on crypto regulation. The goal of the hearing was to find ways to align U.S. securities laws with the realities of the digital age, especially with regard to crypto assets.
In his remark to the committee, House Financial Services Committee Chairman French Hill commended the committee’s “bipartisan efforts to bring clarity and stability” to crypto assets. He also stated that he hoped that there would be meaningful legislation by the end of 2025.
WATCH: Chairman @RepFrenchHill delivers opening remarks at today’s Subcommittee hearing: "It is incumbent on us to build on that momentum and continue working toward a comprehensive regulatory framework that establishes clear rules of the road for digital asset markets." 📺⬇️ pic.twitter.com/sEg0jHeshS
“It is incumbent on us to build on that momentum and continue working toward a comprehensive regulatory framework that establishes clear rules of the road for digital asset markets… I look forward to hearing from our whitnesses today, and working with coleagues to get this across the finishline this year,” Rep. French Hill
Despite offering criticism to the SEC, especially under Gary Gensler, committee members highlighted the SEC’s role in regulation. Subcommittee chairman Bryan Steil stated that the SEC would have a role in regulating token offerings.
“At the same time, the Committee feels strongly that there is a role for the U.S. Securities and Exchange Commission to play in the digital asset ecosystem. For example, the Committee believes that issuers raising capital through the sale of new digital assets should fall under the jurisdiction of the SEC,” Rep. Bryan Steil
This would likely not include memecoins, as the SEC, already under Gensler, ruled that memecoins were not securities. The rationale was that memecoins had no utility and are more akin to collectibles.
The committee did face opposition, especially when Rep. Maxine Waters took the floor. She accused the members of the committee of favoritism toward Donald Trump’s crypto ventures, enabling him to become “crypto king.”
The hearing is a part of the latest regulatory push to give clarity to crypto assets in the U.S. For instance, on May 22, the U.S. House passed the Financial Innovation and Technology for the 21st Century Act with bipartisan support.