Crypto News Roundup - April 24-25, 2025

SEC Regulation Shift

• New SEC Chair Paul Atkins is leading a collaborative approach to crypto regulation, focusing on custody issues.
• The SEC is hosting a roundtable titled "Know Your Custodian: Key Considerations for Crypto Custody".

Bitcoin Market Update

• Bitcoin exceeded $93,000, driving the total crypto market cap above $2.8 trillion.
• Bitcoin ETFs saw $917 million in net inflows, surpassing the previous record of $912 million.

Savvy Mining

• Offers users the opportunity to earn BTC daily through contracts ranging from $100 to $200,000.
• Features include AI technology, multi-currency mining, environmental protection, top security, and global mining.
• Founded in 2017 and regulated by the UK Financial Conduct Authority (FCA).

Coinbase & PayPal Partnership

• Expanded partnership to increase PYUSD adoption.
• Coinbase offers 1:1 PYUSD to USD conversions with no platform fees.
• Collaboration also includes global payments and DeFi use cases.

CME Group XRP Futures

• CME Group will launch XRP futures trading on May 19, pending regulatory review.
• Includes micro and large contracts aimed at boosting liquidity and potentially increasing chances of an XRP ETF approval.

Altcoin Market

• The Official Trump token gained 31.7% in 24 hours.
• SUI gained 3%.

Crypto Fraud

• Crypto-related fraud in the US surged to over $9.3 billion in 2024, with seniors (60+) losing $2.8 billion.

RockawayX Solana Fund

• RockawayX closed a $125 million fund to invest in early-stage Solana blockchain startups.

ZKsync Recovery

• ZK Nation recovered around $5 million in stolen tokens linked to the ZKsync protocol following a 10% bounty arrangement.