MarketMovingNews

🔔 MARKET MOVING NEWS! (13/04/25)

1️⃣ Senator Tim Scott Is Confident Market Structure Bill Passed by August ‼️

Senator Tim Scott, the chairman of the US Senate Committee on Banking, Housing, and Urban Affairs, reportedly expects a crypto market bill to be passed into law by August this year. He emphasised that the committee prioritizes crypto policy, highlighting its advancement of the GENIUS Act, a comprehensive stablecoin regulatory bill, in March 2025.

He stated,

We must innovate before we regulate — allowing innovation in the digital asset space to happen here at home is critical to American economic dominance across the globe.

2️⃣ CZ Denies Allegations Made In WSJ Report 👀

Binance founder Changpeng Zhao (CZ) has reportedly denied claims recently made in a Wall Street Journal (WSJ) report. For context, the WSJ report claims CZ agreed to provide evidence against Tron founder Justin Sun as part of a plea deal with the United States Department of Justice (DOJ). The report cited unnamed sources familiar with the matter. Responding to the report, CZ claimed he had heard that someone paid WSJ employees to run a smear campaign against him. He further speculated that the report could be linked to lobbying efforts against him and his former company.

3️⃣ Scottish School Will Accept Bitcoin Payments, May Launch BTC Reserve 💸

Lomond School, a school in Helensburgh, Scotland, is reportedly going to start accepting Bitcoin payments. The school stated that the decision comes after multiple parents requested for the facility. For context, the private boarding school has a number of international students. To "manage and mitigate risk," the school said it would start accepting BTC in phases, and would convert digital coins received into pound sterling. It also added that it would consider building a reserve of the cryptocurrency if its use case grows in the UK.

4️⃣ 'Clean Cloud Act' Draft Bill Requires Crypto Miners To Cut Emissions Or Face Fines 🔍

A draft bill dubbed the "Clean Cloud Act of 2025" was reportedly introduced to the U.S. Senate on Thursday by Democratic Senators Sheldon Whitehouse and John Fetterman. The bill seeks to curb emissions from crypto mining facilities and AI data centers. It would amend the Clean Air Act to require data centers with more than 100 kW of energy capacity to meet emissions caps that vary by region, as laid out in the Department of Energy's National Transmission Needs Study. The caps would be set by the end of 2025, and would lower by 11% each year until reaching zero in 2035. Facilities that exceed the emissions caps would pay inflation-adjusted fines based on how much their emissions exceeded the caps.
#MarketMovingNews #CryptoNews🔒📰🚫

🔔 MARKET MOVING NEWS! (25/03/25)
#MarketMovingNews
1️⃣ Trump Media Partners With Crypto.Com To Launch 'Made In America' ETFs 🤝
#TRUMP
Trump Media and Technology Group (TMTG) has reportedly signed a non-binding agreement with Crypto.com to launch a series of exchange-traded funds and exchange-traded products in the U.S. The ETFs are expected to comprise digital assets and securities with a "Made in America focus" spanning diverse industries, including energy. Crypto.com will support the backend technology, provide custody and supply the cryptocurrencies for the ETFs. The ETFs, which are planned to launch later this year subject to regulatory approval, will be made available through Crypto.com's broker-dealer, Foris Capital US.

2️⃣ Defunct Exchange Mt. Gox Moves $1B in Bitcoin to Two Wallets 💸
#bitcoin
Defunct crypto exchange Mt. Gox reportedly transferred large amounts of bitcoin earlier today. Notably, this is its third significant transaction in less than a month. The BTC was transferred to two wallets, with 893 BTC ($78.11M) sent to its hot wallet and 10,608 BTC ($927.48M) sent to a change wallet. Data from Arkham Intelligence shows that both amounts remain unspent. Unlike last year, these transfers have not impacted the spot price or caused fears of creditor liquidations, as the exchange extended its complete creditor payout deadline to Oct. 31, 2025 citing ongoing verification and processing requirements for claimants.

3️⃣ Binance Wallet Suspends Staff Member Over Front-Running Allegations ‼️

The Binance Wallet team has reportedly suspended a staff member accused of using confidential information from their previous roles at BNB Chain to front-run a token launch. The accused team member allegedly used multiple wallets to purchase significant amounts of tokens from a project that he knew would soon hold a Token Generation Event, and sold part of his holdings to gain significant profits. The company stated that the information used by the accused employee was based on data obtained while they were at BNB Chain, not on the Wallet team. Its investigation found no evidence that the Wallet team employees were involved in insider trading. Binance said it will cooperate with relevant authorities to pursue appropriate legal action.

4️⃣ Massachusetts Regulators Probe Robinhood Over March Madness Basketball Betting 👀

According to a Reuters report, Massachusetts’ securities regulator has launched a probe into trading platform Robinhood's decision to launch a prediction-markets hub that allows users to bet on the outcomes of a range of events, including March Madness college basketball tournaments. Massachusetts Secretary of State Bill Galvin claimed he was concerned that Robinhood was "linking a gambling event on a popular sports event that's especially popular to young people to a brokerage account."

Galvin’s office sent Robinhood a subpoena last week seeking information related to how many of its brokerage account users in the state have requested to trade college sports events contracts. A spokesperson for Robinhood stated that the events contracts it offers are regulated by the U.S. Commodity Futures Trading Commission and offered through CFTC-registered entities.

5️⃣ World Liberty Financial-Labelled Tokens Spark Speculation of Trump-Backed Project's Stablecoin Launch ✨
Onchain sleuths have reportedly noted a flurry of activity with a token labelled as World Liberty Financial USD (USD1) on blockchain monitoring websites Etherscan and BscScan. The token appears to be linked to President Donald Trump’s decentralised finance project World Liberty Financial (WLFI). Blockchain data shows that USD1 was deployed earlier this month on the Ethereum and BNB Chain networks and series of transactions with the token occurring over the past couple weeks. Analysts speculate that WLFI might be testing its long-awaited dollar stablecoin before rolling out for the broader public. Some transfers included addresses linked to market maker Wintermute and crypto custodian BitGo. WLFI has clarified that USD1 is not currently available for trading and crypto users should beware of scams.#
6️⃣ Crypto Exchange Kraken Explores Up to $1 Billion Debt

According to a Bloomberg report, crypto exchange Kraken is exploring raising as much as $1 billion in debt ahead of a potential initial public offering. The report cited “people with knowledge of the matter” as its source. Kraken is in preliminary talks with Goldman Sachs Group Inc. and JPMorgan Chase & Co. for the effort. The two banks have begun conversations with additional banks and direct lenders. The report states that any debt raised would be used to support Kraken’s growth and not for operational expenses. Kraken is also considering raising equity in addition to the debt package. No final decisions have been made, and terms, including the size of the capital raise, may still change.