Author: Crypto News

Nigeria Crypto Regulation Strengthens SEC Oversight and Enforces New Legal Framework Nigeria Crypto Regulation has taken a significant step forward as President Bola Ahmed Tinubu signed the Investments and Securities Act 2024 into law, officially classifying cryptocurrencies as securities. This move grants the Nigerian Securities and Exchange Commission (SEC) regulatory authority over digital assets, ensuring greater oversight and legal clarity in the rapidly growing crypto market. The newly enacted law replaces the previous ISA 2007 Act and significantly expands the SEC’s powers to oversee Nigeria’s capital markets, including cryptocurrency exchanges. The act also introduces stringent penalties against Ponzi schemes, which…

First Digital Trust Refutes ‘Justin Sun Smear Campaign’ and Stands by FDUSD Transparency The controversy surrounding First Digital Trust (FDT) has escalated, with the firm strongly rejecting allegations made by Justin Sun. Labeling it a “typical Justin Sun smear campaign,” FDT emphasized that the accusations are entirely baseless and unrelated to FDUSD, its stablecoin. In a statement posted on X, First Digital Trust clarified that the dispute Sun referenced involves TrueUSD (TUSD) and not FDUSD. “This dispute is with TUSD and not with $FDUSD. First Digital is completely solvent,” the company asserted. FDT reassured investors that FDUSD is fully backed…

Binance FDUSD Reserves Remain Secure Despite Temporary Market Volatility Binance FDUSD reserves have been confirmed as accurate following concerns over a brief de-pegging event. In an April 3 update on its blog, Binance reassured users that First Digital USD’s (FDUSD) reserve attestation for February was thoroughly reviewed. The exchange conducted two separate reviews—one after the February attestation report was published and another recently—to ensure the data’s accuracy. According to an audit performed by Prescient Assurance, as of March 1, FDUSD had $2.05 billion in reserves. These reserves, held in fixed deposits and U.S. Treasuries, surpass the circulating supply of the…

Understanding the Impact of Trump’s Crypto Tariff Announcement on Markets Crypto Tariff Announcement is sending shockwaves through financial markets as traders brace for President Donald Trump’s upcoming trade policy update. With speculation mounting over potential tariff hikes on key commodities and international partners, investors are watching closely for signals that could impact the trajectory of Bitcoin (BTC) and other cryptocurrencies. Set to be revealed at 4 p.m. ET, Trump’s “Liberation Day” tariff plan could redefine global trade relationships with China, Mexico, and Canada. Reports suggest that proposed measures may include a delayed 25% tariff and new levies on commodities like…

Japan’s Metaplanet Expands Bitcoin Treasury: Metaplanet Bitcoin Holdings Reach 3,200 BTC After Latest Purchase Metaplanet Bitcoin Holdings have significantly increased after the firm’s latest strategic move, adding 150 BTC to its already impressive Bitcoin treasury. The Japanese investment company recently disclosed that it purchased 150 BTC at an average price of ¥12.5 million (approximately $83,611) per Bitcoin. This acquisition follows Metaplanet’s ¥2 billion ordinary bond issuance to EVO FUND, showcasing the company’s continuous commitment to expanding its Metaplanet Bitcoin Holdings. Currently, Metaplanet holds a total of 3,200 BTC, valued at over $266 million based on prevailing market prices. This…

How Ethereum Leadership Growth is Embracing a Founder-Driven Approach Inspired by Solana Ethereum Leadership Growth is currently undergoing a noticeable transformation, as highlighted by Dragonfly Capital’s managing partner, Haseeb Qureshi. Amidst mounting criticism from investors, builders, and even former Ethereum Foundation engineers, Ethereum’s leadership appears to be refocusing its strategy toward more founder-driven, capital-oriented growth. Qureshi’s recent remarks shed light on how Ethereum might be taking cues from the explosive success of Solana and its vibrant ecosystem. In a detailed post on X dated March 17, Qureshi shared insights following his discussions with several Ethereum Foundation representatives. He conveyed…

Understanding the Recent Four.Meme Attack: How the Exploit Impacted Token Launch and Platform Security The recent Four.Meme Attack has once again shaken the memecoin community, forcing the popular Binance Smart Chain-based launch platform to suspend its token launch feature temporarily. This marks the second significant exploit the platform has suffered in recent months, raising concerns about security vulnerabilities and user protection. In a public post, Four.Meme confirmed that it has initiated an emergency investigation to address the latest Four.Meme Attack. The platform announced that it is pausing its launch function until the situation is resolved and user security can…

Understanding Solana Tether Trading Volatility: How Solana’s Fifth Anniversary and Meme Coin Frenzy Impact Market Trends Solana Tether Trading Volatility has reached extreme levels in 2025, highlighting growing trader interest in the Solana blockchain network. According to recent data released by global payments infrastructure platform Mercuryo, the Solana transport layer has witnessed sharp price swings in Tether (USDT) trading, driven by a combination of market dynamics, network efficiency, and emerging trends like meme coin trading. Celebrating its fifth anniversary this year, Solana has firmly established itself as one of the leading layer-1 blockchains. The network’s genesis block was launched on…

Understanding Bitcoin Sell-Side Pressure: How Short-Term Holders and Institutional Outflows Impact the Market Bitcoin Sell-Side Pressure has become a focal point in the crypto market, particularly after the recent correction witnessed in Bitcoin’s price. According to the latest Bitfinex Alpha Report, Bitcoin has shed 13.5% of its value in the past 30 days and is now down over 29% from its all-time high set in January. This marks the biggest correction of the current bull cycle, and analysts attribute much of this downturn to short-term holders and the exacerbating Bitcoin Sell-Side Pressure. Historically, Bitcoin has experienced significant corrections, often ranging…

Understanding the Arizona Strategic Bitcoin Reserve Act and Its Impact The Arizona Strategic Bitcoin Reserve Act is making headlines as it moves closer to becoming law. On February 27, the Arizona Senate passed the Strategic Bitcoin Reserve Act (SB 1025) with a 17-11 vote, advancing it to the House for further debate. This legislation, introduced by State Senator Wendy Rogers and Representative Jeff Weninger, could make Arizona one of the first states to include Bitcoin in its financial strategy. The Arizona Strategic Bitcoin Reserve Act proposes allowing the state treasurer to invest up to 10% of public funds in virtual…