TronWeekly

Crypto World News

You are here: Home / Archives for Ammar Raza

Ammar Raza

Tronweekly Official to Attend TOKEN2049 Dubai 2025: A Premier Global Web3 Gathering

by

Tronweekly Official is honored to participate in TOKEN2049 Dubai 2025, one of the most anticipated global Web3 events of the year. Scheduled to take place from 30 April to 1 May 2025 at the luxurious Madinat Jumeirah Resort in Dubai, TOKEN2049 is set to host more than 15,000 attendees, representing over 4,000 companies from 160+ countries. 

AD 4nXdvTAK0chiuNPZDoYoww3wXA7d3RcW5q r ei9dD2U1TjJhdlXBGzxT94MrSjWYqZq 6683HlMAiv19KZtn pz6rTPhOULQ1iupBUa SesLYGBnAMQipWb9n6klo3KOjShhwefu?key=BIqvviMFBQzZXW61E4n5u oZ

The event stands as a hallmark in the blockchain and decentralized finance (DeFi) ecosystem, offering an unmatched platform for innovation, collaboration, and thought leadership.

Immersive Crypto Experience at TOKEN2049 Dubai

As part of the TOKEN2049 event series, which also includes a flagship gathering in Singapore, this Dubai edition promises to deliver an unforgettable experience. The venue will be transformed into a festival-like atmosphere, featuring both indoor and outdoor amphitheater stages, immersive exhibition zones, and unique highlights.

Additionally, more than 500 side events will take place throughout TOKEN2049 Week, including hackathons, workshops, investor meetups, and networking sessions designed to bring together the brightest minds in crypto and Web3.

Leading Voices at TOKEN2049

Tronweekly Official will be on-site to provide real-time coverage, conducting interviews with leading figures, capturing key moments from panels and exhibitions, and sharing exclusive insights across its media channels. Our presence at TOKEN2049 reinforces our commitment to delivering high-quality journalism and firsthand reporting from the heart of the global blockchain movement.

The event will feature an impressive roster of speakers, including Balaji Srinivasan (Author, The Network State), Richard Teng (CEO, Binance), Paolo Ardoino (CEO, Tether), Arthur Hayes (CIO, Maelstrom), Jeremy Allaire (CEO, Circle), Alex Fiskum (Co-Founder, TOKEN2049), and Haider Rafique (CMO, OKX). 

These thought leaders will offer deep insights into the future of blockchain technology, institutional adoption, DeFi applications, scalability, and the evolving regulatory landscape.

Stablecoin Activity Soars to $72B as SEC Declares Key Tokens Are Not Securities

by

  • Daily stablecoin usage has surged, with over 300,000 active addresses and $72 billion in on-chain volume.
  • The SEC has formally excluded certain reserve-backed stablecoins from being classified as securities.
  • “Covered Stablecoins” must maintain a 1:1 USD backing with liquid, low-risk assets held in reserve.

The crypto world witnessed a major upswing this week, with stablecoin activity climbing to remarkable heights. According to data from blockchain analytics firm IntoTheBlock, daily active addresses for stablecoins surpassed 300,000, a figure not seen since early 2024.

AD 4nXfgq2oEU5MmBRinfcI 1UtBL0DMaSMB DpTPnDMpXTptGEzWAIG

Similarly, on-chain stablecoin transaction volume reached a staggering $72 billion on Thursday, marking the highest level since February. This surge suggests renewed confidence and utility in stablecoins, especially amid volatile market conditions.

Experts attribute the spike to increased usage in cross-border transactions and DeFi protocols, where stablecoins offer a haven from broader crypto market fluctuations.

The data reflects a growing trend: stablecoins are evolving from trading tools into foundational instruments for mainstream financial activity, particularly in remittances, yield strategies, and real-world payments.

Covered Stablecoins Must Maintain Transparent Reserves

In a major regulatory development, the U.S. SEC released a formal statement on Friday, clarifying its position on certain types of stablecoins.

The agency affirmed that reserve-backed, USD-pegged stablecoins meeting specific criteria, now defined as “Covered Stablecoins”, do not qualify as securities under existing federal law.

This statement is expected to shape how these assets are issued, marketed, and used in the U.S. financial system. 

Covered Stablecoins must maintain a one-to-one peg with the U.S. dollar, be redeemable at that rate, and be fully backed by low-risk, liquid assets held in a segregated reserve.

According to the SEC’s Division of Corporation Finance, issuers of Covered Stablecoins are not required to register the minting or redemption of these assets under the Securities Act of 1933.

This move provides both legal clarity and operational assurance to issuers and users alike.

Stablecoin Liquidity Ensured Through Segregated Assets

A defining feature of Covered Stablecoins is the transparency and integrity of their reserve structure. Issuers are expected to maintain a reserve of assets equal to or greater than the circulating supply of stablecoins.

These reserve holdings must be kept in a form that provides ready liquidity for redemptions and may not be commingled with operational or risk-taking financial activities. The definition of the SEC also focuses on the fact that Covered Stablecoins are not offered as investment products, a critical consideration in establishing that the coins are non-security instruments.

Rather, they are strictly defined as payment tools, money transmission, and value storehouses. Some issuers in certain cases make “proof of reserves” available in order to give additional accountability to their users and regulators.

Related | Ripple Drops $1.25B Bombshell, Acquires Prime Broker Clearing $3T Annually

Hedera Launches Chainlink CCIP Driving HBAR Price Up by 20%

by

  • Chainlink’s CCIP is now live on Hedera, enabling secure cross-chain interoperability.
  • The integration expands access to over 46 blockchain networks and enhances DeFi and tokenized RWA potential.
  • HBAR surged 20.14% post-announcement, showing strong technical reactions across multiple chart patterns.

Hedera has officially launched Chainlink’s Cross-Chain Interoperability Protocol (CCIP) on its mainnet. This milestone, announced via Hedera’s official blog, marks a new era of secure, seamless communication across blockchain networks.

With Hedera now a full participant in Chainlink’s Scale program through support from the HBAR Foundation, developers gain access to a reliable protocol that facilitates token transfers, message passing, and smart contract triggers across 46+ blockchains.

The integration enables Hedera-based decentralized applications (dApps) to leverage the greater liquidity and user base of the multi-chain universe.

It also offers exposure to Chainlink’s dependable oracle products, like Data Feeds and Proof of Reserv, which support the integrity of innovative DeFi and tokenized real-world asset (RWA) platforms.

Chainlink CCIP, which is known for $20 trillion+ of on-chain value enablement and battle-tested infrastructure, brings exceptional security and developer flexibility.

One of the special features it offers is Cross-Chain Token (CCT) support, which gives developers complete management and possession of token deployment. CCTs may now be bridged or issued between chains using tools such as Token Manager, all built on top of the zero-downtime infrastructure of CCIP.

HBAR Rebounds From Key Support at $0.13

Hedera’s native token HBAR reacted sharply to the announcement, recording a 20.14% gain in the past 24 hours and currently trading at $0.1656.

This surge comes in tandem with a larger technical setup that signals strong market confidence. On the charts, HBAR’s price bounced off a critical Level of support among institutions, a $0.13-$0.14 order block that fueled a rally that is in tandem with larger bullish sentiment.

This level was a springboard, which reflected high demand among well-known market players. Chart analysis further suggests that the rally is potentially the leading edge of a significant uptrend, driven by robust fundamentals and increasing ecosystem involvement.

RSI and MACD technical signals indicate near-term caution on mild overextension but favor the longer-term bull trend in the event that the support level holds.

HBAR Shows Consolidation with Upward Momentum

HBAR’s technical environment is presently one of consolidation and upward strength. It is a tug-of-war between profit-taking and accumulation in the form of a descending triangle on the daily chart near $0.14.

Meanwhile, a longer-term ascending channel pattern indicates a healthy uptrend, with the price currently testing support near the channel’s lower bound.

If the purchasers are able to maintain strength, HBAR can test resistance levels of $0.18–$0.20 in the upcoming sessions, perhaps gearing up for a break above $0.273 and beyond.

AD 4nXdJU9RyDr4vC4yjoq0 v17 q ZPg4AuL3VVm0 4lliRCehyealdlTWlrcJ2qb0DXOtiMD UwyGlvHEwTx1xCuIbnLiIpm7MnECvw1kpDZya9kkEQ v PHUB3EJyKKbJY9NbvKS6?key=5aGu4UegDbP XUVeAcrYVBmW

In contrast, a decline below $0.14 may indicate vulnerability, which may result in a further correction closer to $0.11. In any event, Chainlink’s CCIP integration is a stimulus that is likely to impact market direction and sentiment in the future.

Related Reading | XRP Faces Critical Test at $2.14: Bullish Breakout or Bearish Trap?

Binance Coin (BNB) Price Analysis: Breakout Above $555 Lead to a Short-Term Rally

by

  • Binance Coin (BNB) has rebounded from the critical $520 support zone, now trading around $544.
  • Price recovery remains uncertain unless BNB reclaims $550 and surpasses $555.
  • Season 9 of the MVB program launched in Hong Kong with support from leading blockchain figures.

BNB experienced notable downward pressure recently, falling to a key support range between $520 and $525. However, this zone once again proved to be a crucial level for buyers.

Binance Coin (BNB) has since recovered, trading at $544.27, marking a 6.35% decline in the daily chart, despite a notable 158.42% increase in trading volume, which reached $2.68 billion over the last 24 hours.

AD 4nXcIeHFj6ejqLdzm3nfKqqn5rV2csWUUJNf6J1YnTsfzs7 PZLXgaTp1fXweLjOvs1t8kpzy mZE3KukkfIaBJYt14ccUTbKFeVBnv6NZh49vOJKwbeGCUrPVAT265B5TmuFGaBvTw?key=EjtaLGUou7gsT3jAIfqvhc1A

The bounce back to about $544 has triggered optimism among market players.

Historically, strong support has been seen in this area, and the recent bounce implies continued purchasing interest. Yet, the current move does not confirm a reversal of trend.

A decisive close above $550, with a subsequent breakout over $555, will further enhance the short-term rally possibility. Traders need to be on their toes. The overall market condition remains unclear, and momentum indicators are contradictory.

Without a higher low and persistent volume expansion, such a bounce could still be a part of a general downtrend and not a true reversal.

Binance Coin Defends Critical $520 Support Zone

Although Binance Coin (BNB) has managed to hold onto the $520 support level, its position is tenuous. Binance Coin (BNB) needs to hold at current levels and overcome short-term resistance to validate a turnaround.

Breaking above the $555 level would highlight the next key area of resistance at $565–$570, a zone that has been linked to the recent breakdown.

Without such affirmation, downside risk remains. There is persistent volatility in market sentiment, and investors’ confidence has not yet returned. The recent surge in trading activity reflects sharpened interest, but persistent pressure is required to turn the overall trend.

Binance Coin (BNB) support at $520 is essential in the short run. If that does not hold, however, the bears may reclaim the scene and send the price downwards. If bulls manage to hold on tight and build momentum higher, however, BNB may be able to begin building a healthier foundation for a bounce.

BNB Chain Launches MVB Season 9 in Hong Kong

Meanwhile, BNB Chain has officially launched Season 9 of its Most Valuable Builder (MVB) program in Hong Kong, marking a significant milestone for Web3 innovation.

The conference was headlined by such industry leaders as Binance founder Changpeng Zhao (CZ) as well as Ethereum co-founder Vitalik Buterin, whose appearances at the event reflected growing inter-blockchain cooperation.

This season sees 16 early-stage initiatives in verticals ranging from AI to DeFi, decentralized science (DeSci), DePIN, and gaming. MVB Season 9 provides a holistic accelerator program with mentorship, technical support, as well as the chance for funding by Binance Labs, along with YZi Labs.

The program started with a two-day offline activity on April 5 to April 6, which took place concurrently with the BNB Super Meetup as well as the Hong Kong Web3 Festival.

Within four weeks, chosen teams will go through a guided curriculum of intensive practice of key startup processes, ranging from building a sustainable team to how to raise funds to designing tokenomics.

The program will culminate on Demo Day, as the teams will pitch their work to potential investors. Funding will be based on each project’s performance and viability, further establishing MVB as a strategic hub for Web3 incubation.

Related Reading | Hong Kong’s Securities Regulator Unveils New Guidelines for Crypto Staking Services

XRP Price Plummets, But Charts Say 1,000% Pump Is Coming

by

  • XRP falls to $1.67, marking its lowest point since November 2024, with a 25% drop over the past month.
  • Despite the dip, trading volume surged 261% in 24 hours, signaling major investor activity.
  • Historical market cycles suggest potential for a dramatic rebound if patterns repeat.

As of April 7, XRP finds itself at a critical point, dipping to $1.6775, a five-month low that reflects broader volatility in the crypto market.

The currency, backed by Ripple Labs and historically a top performer in U.S. markets, has shed over a quarter of its value in just the last 30 days by dropping 23%. 

In the span of 48 hours, the token experienced consecutive losses of 25%, pushing it deeper into bearish territory.

This steep fall is similar to past cycles, wherein the token’s dalliance with the 200-day moving average tended to either portend doom, or the calm before an explosive rally.

The market value has fallen to $105.5 billion, but the trading activity tells a different story.

With volume surging to $11 billion for the day, up 477.30%, optimists and believers for the long-term are seemingly taking the downtrend as a chance, looking at the red sea as a sign, not of danger, but of opportunity.

XRP’s History Rhymes with Past Cycles

History doesn’t repeat, but it often rhymes, and XRP seems to be humming a familiar tune. The token fell 73% and 78% from local peaks during the 2017 and 2021 cycles, respectively, before rising to gains of 2700% and 1000%.

The recent dip falls well into place in the historical context, mimicking the earlier descent and bottom formation close to the 200 MA line. According to history, the recent decline may be leading to one of XRP’s most ferocious charges so far.

Technical analysts are watching moving averages with laser focus. The key moment may arrive when the 50-day moving average interacts with the 200 MA. 

AD 4nXdj388ca1V mDc7KheTcSEUm3N35InFHG9yHsTP8Rdh8i8MI wH1k5wzCNnPMl1SiQf8MtT5toknfPHTt9C7

As long as these lines avoid a death cross, many believe the bull cycle remains intact. In trader terms, the blood on the street might just be a bargain.

XRP Gains Legal Clarity with SEC Appeal End

Aside from the charts and the candlesticks, XRP’s position has been fortified on fundamentals. The recent dropping of the SEC’s appeal against Ripple has loosened regulatory anchors, accorded the token a legal clarity that few of its competitors possess.

With this hurdle removed, XRP is no longer a speculative asset; it’s a regulated digital currency now open to serious institutional investment.

This legal victory has opened the floodgates for banks, financial institutions, and fintech leaders to experiment with XRP-based implementations with less legal liability and greater confidence.

Concurrently, the general political environment appears to be shifting towards the support of blockchain technology.

The online picture of President Donald Trump embracing the American flag as XRP sits at the top of a U.S.-based crypto leaderboard isn’t only symbolic, it reveals a building reality.

Trump, who is again a powerful political force, has hosted a crypto conference and openly embraced the industry, marking a stark departure from past administrations.

His support for locally developed blockchain initiatives may impact national policy to cultivate local tokens such as XRP.

Related Reading | Conor McGregor Memecoin Crashes as Fundraising Flops and Refunds Roll Out

Hedera (HBAR) Struggles at Resistance; What Happens If $0.15 Fails?

by

  • HBAR must hold above $0.15 and surpass $0.25–$0.26 to avoid a bearish continuation.
  • A Death Cross is nearing, which could trigger a fall toward $0.10 or even $0.065.
  • Strong fundamentals and strategic partnerships could reverse the current trend.

Following a price drop, Hedera Hashgraph’s native cryptocurrency, HBAR, has recovered. The recent development of a double-bottom structure close to key support levels has enabled the price to regain the $0.1611 price. 

Currently, HBAR is trading just below the key $0.16328 threshold, but the uptrend momentum is restrained. For HBAR’s bearish trend to be overcome, it would need to hold above $0.15 and maintain momentum towards the $0.25-$0.26 resistance line. 

AD 4nXfUdgpVfe848U9lFDdA VetuYa0DR8 E8MSuIbt0bfjxj1Xr8Bgtgub2wMXQlkxR 8jVStfQDfxaH6Q LblCRZfR28dvnOw7u XbLuP9m yGSQEssuc9QFy BsM0YVjHWIkzo4SAw?key=D7zmkX7IMYEZnaQI7G3r9rj5

If it fails to break through this barrier, it may see further downward momentum. Here, traders are looking for lower supports, notably between $0.10 and $0.14. 

If these supports fail, HBAR may see more considerable corrections, with historical support between $0.065 and $0.08 being the next area of importance.

HBAR Needs Breakout Above $0.25 to Avoid Death Cross

The technical points are becoming weaker. A pending Death Cross, in which the 50-day moving average moves beneath the 200-day, is in close approach.

This bearish crossover often signals prolonged downside pressure and has historically preceded sharp declines across multiple assets.

Unless a strong catalyst ignites a break above $0.25 and preferably towards $0.30, the Death Cross has the potential to be the tipping point. Volume continues to be weak, while RSI is having trouble crossing into neutral ground.

AD 4nXcN7aXufXzc4L QZL8E2SwH8TPrTHwazIxGq spC7JpKd 3ysZlC6m0M1BuDa0OBieUBNlzDm5JaS2h4s 5Wajy5Ky18GmK5awYGVgAbSMSpNBkVfEtSr7RDl rFQzdXSXQ5EGzUA?key=D7zmkX7IMYEZnaQI7G3r9rj5

With bearish sentiment gaining strength, investors are nervous, with macroeconomic uncertainty keeping risk assets under pressure.

Nevertheless, while short-term charts lean toward weakness, long-run players are already shifting, encouraged by fundamental trends that may ultimately overcome charts.

Bullish Catalysts could Drive Hedera upward Despite Market Headwinds

Despite short-term resistance and bearish signals, Hedera is seeing renewed interest due to a pair of developments.

The first is Hedera’s tie-up with Zoopto in a big-stakes bid for TikTok. If it succeeds, the acquisition could bring HBAR in front of TikTok’s huge global user base, setting the stage for unprecedented adoption.

Having TikTok in regulatory trouble, this bid positions Hedera as a real player in the race for real-world utility.

Secondly, Alchemy Pay’s addition of HBAR and USDC as part of its fiat on-ramp represents a major increase in accessibility.

The collaboration permits users in 173 countries to buy HBAR through credit cards, bank transfers, and local payment options, connecting the Web2 and Web3 finance ecosystems.

This better access, along with good regulatory standing, fortifies the long-term future of HBAR.

Related Reading | U.S. SEC Overhauls Approach to Digital Asset Regulations Under New Leadership

Kraken Gains Restricted Dealer Status in Canada After Gemini’s Exit

by

  • Kraken obtained restricted dealer registration from the Ontario Securities Commission (OSC), reinforcing its position as a stable and compliant crypto exchange in Canada after Gemini’s exit.
  • Kraken expanded its Canadian operations by hiring Cynthia Del Pozo, a former Gemini executive, as its new general manager to drive growth and compliance.
  • With a long-standing presence in Canada since 2011, Kraken aims to leverage its regulatory approval and leadership expertise to enhance digital asset adoption and compliance.

Kraken has officially obtained restricted dealer registration from the Ontario Securities Commission (OSC), making it a more stable player in Canada’s digital money exchange market. The exchange won this approval on April 1 after competitor Gemini departed Canada last year.

Kraken shows its commitment by receiving OSC registration as a restricted dealer while managing 2 billion Canadian dollars ($1.4 billion) in investment assets for its customers in Canada.

As part of its North American expansion, the company hired Cynthia Del Pozo as its new general manager during this period. Del Pozo comes from Gemini, where she worked as their Head of Strategy, to join Kraken when the company increases its Canadian operations.

Canadian Securities Administrators (CSA) requires theaters to obtain a special legal status called restricted dealer registration for their operations. Entities registered under this category must follow security regulator conditions that differ from investments through investment dealers or managers. The registration gives Kraken’s Canadian clients a reliable regulation system because the OSC supervises their transactions.

Kraken Expands After Gemini’s Exit

The exchange made their stronger Canadian plans after Gemini pulled out of the Canadian market and left many in crypto shocked. The quick exit of Gemini led people to review cryptocurrency laws in the country.

Del Pozo expects more growth for crypto adoption in Canada after Gemini left the market. She saw the introduction of digital assets as a transformation moment in the financial industry where society understands their importance better. She added:

“I’m thrilled to join Kraken’s mission at this critical moment, and to lead our expansion efforts, ensuring we continue to serve our clients long-term with innovative and compliant products.”

Kraken continues its established position in Canada after receiving new authorizations.

According to their official company blog, Kraken introduced its services to Canada in 2011 by launching a crypto trading platform named CaVirtEx in Calgary. In 2016, the exchange became the owner of the platform to further grow its position in Canada.

As a Canadian crypto business, the exchange plans to use its fresh regulatory approval and senior leadership talent to bring growing digital asset compliance to the local market.

Related Reading | Bitcoin Bulls Beware: Major Resistance Zones May Stall the Next Rally

Pi Network Under Fire as Investors Questions Communication Transparency

by

  • Pi Network (PI) price dropped below $0.70 amid declining trading activity and recent token unlocks, leading to negative investor sentiment.
  • Investors and analysts argue that the Pi Core Team’s predictable and infrequent updates fail to address key concerns, prompting calls for better communication and leadership.
  • Despite speculation about major exchange listings, Pi Coin remains largely unlisted, while declining mining rates indicate reduced engagement from users.

The Pi Network is presently facing lots of assessments from its community of investors as concerns over communication transparency growth. The platform, which once experienced great excitement, is facing severe backlash as its native token, Pi Coin, recorded a 4% decline, falling to $0.70. This price dip has raised concerns among traders and investors, leaving them bearish towards the token.

In addition to the concerns, Pi Network’s ecosystem activity has been on the downside. Trading volume within the network has significantly reduced, giving a hint at diminishing excitement around the project. Additionally, recent token unlocks have contributed to a negative sentiment in the market, leading to speculation about the project’s future viability.

Investor Discontent Over Pi Network Core Team’s Communication

Disregarding the massive participation from over 125,000 registered sellers and 1.8 million Pioneers in the inaugural PiFest, the Pi Core Team is still receiving criticism despite the success they’ve marked. Many in the community think that celebratory announcements are being met with dismissive undertones like ignoring the drop in trading activity alongside the poor market performance of Pi Coin.

Dr. Altcoin, a prominent crypto figure, has already put the efforts of the Pi Core Team under scrutiny by commenting on the situation. He stated, “Since PiFest began, trading activity in the ecosystem has hit a new low, with the primary transactions being selling Pi for cash.” He went on further to blame the project’s co-founders for the absence of real-world problems endured by daily Pi users that govern their existence. 

The criticism doesn’t end there, as critics such as Dao World believe the Pi Core Team simply has not changed their strategy since the enclosed mainnet phase. Other investors view the monthly updates as too predictable, and very few claim them engaging enough to properly stimulate interest in the project. There is growing demand for a leader who properly understands the modern dynamics of cryptocurrency and community management, which seems plausible after hearing this multitude of opinions.

Community Demands Greater Transparency

As the Pi Network navigates these challenges, the growing frustration among its community members suggests that a shift in communication strategy may be necessary. Many investors are calling for more frequent and transparent updates, clearer roadmaps, and stronger leadership to regain trust and reinvigorate engagement in the project.

With the current market climate growing increasingly skeptical, the Pi Network must address these concerns head-on to sustain investor confidence and secure its place in the crypto space.

Related Reading | Bitcoin Options Market Signals: $100M Put Trade and Its Implications

Fairshake PAC Boosts Pro-Crypto Candidates to Victory

by

  • Fairshake PAC backed Jimmy Patronis and Randy Fine, securing their Florida U.S. House seats.
  • The PAC, funded by major crypto companies, boosted crypto advocacy in Washington.
  • These wins signal progress toward favorable crypto regulations and policies.

The cryptocurrency industry made gains when two Republican candidates supported by the Fairshake PAC entered the U.S. House of Representatives. Florida elected Republicans Jimmy Patronis and Randy Fine to their respective House seats in Districts 1 and 6 through strong Republican dominance.

AP News reported that Patronis won 57% of the vote to beat Democrat Gay Valimont when he replaced Matt Gaetz in Florida’s 1st Congressional District. Fine won the Congressional seat for Florida District 6 with 56.7% of votes against schoolteacher Josh Weil and his Democratic party. The seat remained vacant because Mike Waltz resigned to take a job as White House national security adviser.

Fairshake PAC Invests Heavily in Crypto Advocacy

Crypto company-backed PAC Fairshake gave significant support to the winning candidates as its main funders came from Coinbase and Ripple, together with Andreessen Horowitz. The PAC distributed $1.16 million in ads to support Fine but spent only $347,000 on Patronis’ campaign.

Each candidate supports the cryptocurrency business sector through their public statements. After his election on January 14, Fine publicly repeated his support for Floridian crypto development. The digital asset industry will gain more support from Washington through these elected representatives.

The Republican U.S. House members now number 220 after the wins of Patronis and Fine while Democrats maintain 213 seats. After the passing of Texas and Arizona Democrats Sylvester Turner and Raúl Grijalva, two more seats remain unoccupied.

These election outcomes will affect US government views on cryptocurrency. Even after this win, Republicans could still rule the House as a majority, but they strengthen efforts to create beneficial crypto regulations.

According to Democratic Congressman Ro Khanna at the Digital Assets Summit on March 18, he believes Congress can pass both stablecoin regulation and new frameworks for the crypto market during this year.

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act has moved forward since the Senate Banking Committee passed it by 18-6 votes. After the Trump administration announced their Bitcoin reserve plan on March 6, Senator Cynthia Lummis returned with a Bitcoin reserve bill.

Crypto industry advocates sense better regulations ahead since Patronis and Fine now hold office positions. Crypto-supported political action committees such as Fairshake now drive political decisions about digital assets by contributing more money to candidates.

The backing of U.S. leaders Patronis and Fine will help shape future laws that impact cryptocurrency activities throughout the nation.

Related Reading | Ethereum’s Make-or-Break Moment: Bull Run or Brutal Collapse?

Tokenized Gold Market Surpasses $1.5B Amid Rising Gold Prices

by

  • Blockchain-based gold investments surge as gold prices reach new highs.
  • Blockchain improves gold trading by solving storage and transaction inefficiencies.
  • Nations and organizations, including the U.S., explore tokenizing gold reserves and creating gold-backed stablecoins.

The value of blockchain-based digital gold investments crossed $1.5 billion because investors began rewarding these assets with more attention and spend. 

The market value of tokenized gold keeps increasing because gold prices reached their all-time peak of $3,000 per ounce, and investors want digital metal versions.

Investors choose tokenized gold from XAUT and PAXG because they provide better accessibility to trading gold assets with clearer tracking. By using blockchain-based tokens, people get smaller shares of physical gold with automatic monitoring and stronger market transactions compared to traditional bullion investments.

Blockchain Transforms Gold Market with Tokenization

Blockchain technology is bringing advanced solutions to fix old gold market problems in storage, trading, and validating sources. Preventive technology converts gold into tokens that move through decentralized systems better than physical metals because they need no vault storage and transportation expenses.

As a Blockchain Research Institute co-founder, Don Tapscott promotes tokenized gold because it can simplify a trillion-dollar sector. He noticed that although gold has long been valued as a stable asset it remains stored in vaults like before while digital assets use blockchain to change the future of finance.

According to Tapscott, blockchain’s peer-to-peer network allows investors to address fundamental problems that come with regular gold investments, such as unclear trading procedures and border restrictions.

Consumer and business users are equally interested in tokenized gold. Major organizations and national governments are discovering what blockchain technology can do. Current sources show that the United States government plans to turn its gold reserves into digital tokens to make its holdings more transparent and easier to monitor.

People believe that China and Russia are working on new gold-backed stablecoins that would weaken the U.S. dollar’s importance in global business. These countries possess 50,000 tonnes of gold reserves, and they can launch blockchain-based digital assets to alter market power.

Financial market development has led to a new solution where tokenized gold connects digital and traditional finance. Gold stands as a secure investment, but its blockchain integration brings fresh market chances and reshapes worldwide financial systems overall.

Related Reading | Circle Files for NYSE IPO Showing Revenue Growth Despite Profit Decline