April 2025

Stablecoins backed one-to-one by U.S. dollars in fully reserved holdings do not count as securities under federal law, according to an April 4 statement by the Securities and Exchange Commission (SEC). This announcement offers the clearest guidance yet on how regulators view “Covered Stablecoins,” potentially easing the legal uncertainty around their issuance and trading. Covered

Global payments provider PayPal has unveiled plans to support Chainlink (LINK) and Solana (SOL) within its cryptocurrency services. This expansion grants U.S. users the ability to buy, sell, and transfer both tokens and will also extend to Venmo, a mobile payments platform owned by PayPal. The rollout is scheduled for the coming weeks, further diversifying

1. Alchemy Pay Enables Fiat On-Ramp for HBAR and USDC on Hedera Singapore-based payments provider Alchemy Pay has integrated Hedera’s HBAR and USDC (on the Hedera blockchain) into its fiat-to-crypto on-ramp. The newly added functionality allows users to buy these assets seamlessly with credit cards, bank transfers, and local payment solutions, significantly boosting accessibility. Key

The TRUMP memecoin, launched by U.S. President Donald Trump on the Solana network, has fallen by 10.36% in the past 24 hours, echoing sharp macro-driven volatility. Markets reacted negatively to Washington’s newly unveiled blanket tariffs on imports—an event that spiked recession odds in the U.S. from 42% to 52% overnight, according to Polymarket. Price Action

U.S. lawmakers have advanced a bill that would prohibit federal banks from issuing or using a central bank digital currency (CBDC), pushing it one step closer to a vote on the House floor. In an April 2 markup session, the House Financial Services Committee voted 27-22 in favor of the CBDC Anti-Surveillance State Act, sponsored