đ° Latest Cryptocurrency News (April 16, 2025)
đ 1. Brazilâs Meliuz Eyes Bitcoin as Primary Treasury Asset
Whatâs Happening: Brazilian fintech Meliuz plans to make Bitcoin its main strategic treasury asset.
Details: A shareholder vote is set for May 6 to formalize this move.
Why It Matters: Signals growing institutional adoption of Bitcoin in Latin America.
đ 2. Trump Meme Coin Set for $320M Unlock
Whatâs Happening: 40M Trump-affiliated meme coins will begin unlocking on April 17.
Impact: Analysts warn of a potential price drop from $8 to as low as $3.
Why It Matters: Could shake the meme coin sector.
đ 3. Crypto Hedge Funds Stay Afloat Amid Market Chaos
Whatâs Happening: Hedge funds remain profitable despite Bitcoinâs $12K plunge (from $86K to $74K).
Context: Triggered by global tariff tensions linked to U.S. policy changes.
Why It Matters: Shows resilience and adaptability of crypto hedge strategies.
đ 4. Bitcoin Less Volatile Than U.S. Stocks
Whatâs Happening: For the first time in a while, the Nasdaq is more volatile than Bitcoin($BTC ).
Stats: Nasdaqâs volatility hit 59.8% vs. Bitcoinâs 46.4%.
Why It Matters: Challenges the narrative that crypto is always the riskier bet.
đ 5. Argentinaâs $LIBRA Scandal Rocks the Crypto World
Whatâs Happening: A meme coin ($LIBRA) endorsed by President Milei is at the center of a $250M rug pull scandal.
What Theyâre Calling It: âCryptogate.â
Why It Matters: Raises concerns over political influence and investor protections in crypto.