Kategorie: Crypto News

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Grayscale launches Bitcoin Adopters ETF targeting firms holding BTC as treasury reserve

  • The fund, launched April 30, tracks a diversified group of firms with Bitcoin treasury strategies.
  • Notable constituents include Michael Saylor’s Strategy, mining firm Marathon Digital Holdings (MARA), Tesla and Japanese BTC-focused firm Metaplanet.
  • The launch comes amid a sharp uptick in institutional Bitcoin buying.

Asset manager Grayscale has introduced a new exchange-traded fund—Grayscale Bitcoin Adopters ETF—designed to give investors exposure to companies actively holding Bitcoin on their balance sheets.

The fund, launched April 30, tracks a diversified group of firms with Bitcoin treasury strategies spanning across seven sectors, including mining, automotive, and energy.

Notable constituents include Michael Saylor’s Strategy, mining firm Marathon Digital Holdings (MARA), Tesla, Japanese BTC-focused firm Metaplanet, and aerospace energy player KULR Technology Group.

The ETF reflects the rising corporate trend of adopting Bitcoin as a strategic reserve asset, aiming to hedge against fiat currency inflation and boost shareholder value.

Accelerating corporate demand for BTC

The launch comes amid a sharp uptick in institutional Bitcoin buying.

Fidelity Digital Assets recently reported that public companies have acquired over 30,000 BTC per month in 2025, significantly outstripping supply from miners.

According to Fidelity, Bitcoin’s circulating exchange supply is falling, driven by continuous corporate accumulation.

Michael Saylor’s Strategy remains the largest corporate Bitcoin holder outside of exchanges, and continues its aggressive purchasing.

Bitcoin could hit fresh highs thanks to corporate accumulation

Bitcoin may be poised to reach new highs as corporate accumulation and renewed ETF inflows tighten supply, according to a client note from research and brokerage firm Bernstein on Monday.

Analysts led by Gautam Chhugani said that short-term comparisons between Bitcoin and assets like gold or the Nasdaq can be misleading, and more meaningful indicators include reduced retail selling, growing corporate treasury demand, and strong ETF inflows.

The note follows the announcement of Twenty One Capital, a new Bitcoin corporate treasury venture launched last week by SoftBank, Tether, Bitfinex, and Cantor Fitzgerald, starting with 42,000 BTC.

The venture is backed by $900 million from SoftBank, $1.5 billion from Tether, and $600 million from Bitfinex, with plans to merge with Cantor Equity Partners via a SPAC and raise another $585 million at closing.

Bernstein likened the strategy to that of Strategy, which raised $22 billion in 2024 and $8.6 billion so far in 2025 to expand its Bitcoin holdings.

The analysts noted that corporate accumulation is becoming more competitive, with around 80 companies now holding a combined 700,000 BTC—roughly 3.4% of the total supply.

The post Grayscale launches Bitcoin Adopters ETF targeting firms holding BTC as treasury reserve appeared first on CoinJournal.

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Coinbase urges US Supreme Court to rethink digital privacy doctrine

  • The crypto exchange urged the Court to reconsider the “third-party doctrine” as it applies to digital financial data.
  • While Coinbase is not a direct party to the case, the company has a vested interest in how the Court interprets privacy protections.
  • The Supreme Court is expected to decide later this year whether to hear the case.

Coinbase, alongside several states, technology firms, and advocacy groups, is calling on the US Supreme Court to revisit long-standing digital privacy standards that critics say no longer reflect the realities of the internet age.

In an amicus brief filed Wednesday in Harper v. O’Donnell, the crypto exchange urged the Court to reconsider the “third-party doctrine” as it applies to digital financial data.

In 2020, James Harper, a Coinbase user, filed a lawsuit against the IRS, alleging the agency unlawfully obtained information that revealed his identity as a cryptocurrency holder.

Challenge to decades-old legal standard

The third-party doctrine—established through rulings in the 1970s—holds that individuals forfeit their expectation of privacy over data shared with third parties, such as banks or phone companies.

Coinbase argues that this principle, when applied to blockchain and digital assets, grants government agencies sweeping surveillance capabilities without the judicial oversight typically required for such intrusions.

While Coinbase is not a direct party to the case, the company has a vested interest in how the Court interprets privacy protections in the context of financial data stored or processed on its platform.

IRS use of broad summons under scrutiny

The case centers on the Internal Revenue Service’s use of a “John Doe” summons, which allows investigators to compel third parties to disclose data on unnamed individuals.

In 2016, the IRS served such a summons on Coinbase, requesting user data on more than 14,000 customers as part of an effort to identify individuals potentially underreporting crypto gains.

Similar summonses were later issued to Kraken and Circle in 2021.

Unlike traditional summonses, John Doe requests are not tied to specific individuals, but rather seek data on broad swaths of users.

Coinbase contends that this investigative tool, when used in the digital asset space, effectively gives the IRS a “real-time monitor” over user transactions.

Privacy in the Blockchain era

In its brief, Coinbase highlighted the unique characteristics of blockchain technology, which allows observers to trace past and future transactions tied to a wallet address.

This level of visibility, the company argues, amounts to what it calls a “financial ankle monitor.” The brief draws comparisons to Carpenter v. United States (2018), a case in which the Supreme Court ruled that obtaining historical cell phone location data without a warrant violated the Fourth Amendment.

Coinbase contends that the IRS’s ability to reconstruct years of blockchain activity is even more intrusive.

“Exposure of a person’s identity on the blockchain opens a potentially wide window into that person’s financial activity,” the company said, warning of the implications for user privacy and financial freedom.

The Supreme Court is expected to decide later this year whether to hear the case. If accepted, oral arguments would likely be scheduled for the next term.

Coinbase executives, including CEO Brian Armstrong and Chief Legal Officer Paul Grewal, have consistently advocated for updated legal frameworks that reflect the evolving nature of digital finance.

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P2P.org named TRON Super Representative Validator, bringing institutional TRX staking services

  • The move adds TRON to the list of more than 40 networks supported by P2P.org.
  • This opens up new channels for institutional TRX staking on the TRON blockchain.
  • TRON’s Super Representatives are a group of 27 elected validators.

P2P.org, a prominent provider of validation and staking services across several blockchain networks, has been named a Super Representative Validator on the TRON network.

The move adds TRON to the list of more than 40 networks supported by P2P.org and opens a channel for institutional staking of TRX tokens.

TRON’s Super Representatives are 27 elected validators responsible for producing blocks every three seconds, validating transactions, participating in governance, and distributing rewards to voters, playing a central role in the network’s delegated proof-of-stake (DPoS) system.

As a new Super Representative, P2P.org is set to contribute to the resilience of TRON’s infrastructure while offering institutional players direct access to staking opportunities on the network.

“Becoming a TRON Super Representative Validator represents a significant advancement in our validator portfolio,” said Alex Esin, CEO at P2P.org.

“This expansion strengthens our position across more than 40 networks and creates valuable new opportunities for our institutional partners to optimize their TRX holdings with industry-leading staking solutions.”

“With its scalability and minimal transaction costs, TRON has become the blockchain of choice for an increasing number of DeFi platforms focused on institutional adoption,” said Sam Elfarra, Community Spokesperson for the TRON DAO.

“As the builders of a thriving ecosystem with hundreds of institutional clients, we are thrilled to welcome P2P.org as a Super Representative.”

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Onyxcoin price drops 14% as $2 million in liquidations hit XCN traders

  • The MACD indicator shows a bearish crossover, confirming a trend reversal.
  • Next major support lies at $0.0165, with risk of further losses.
  • Recovery is possible if XCN reclaims $0.0187 and retests $0.0214.

Onyxcoin (XCN) has recorded a steep drop of nearly 14% this week, signalling a sharp turn in market sentiment after the altcoin failed to break past a critical resistance level of $0.0214.

The failed breakout attempt, coupled with a bearish technical signal, has ended a six-week upward trend for the token.

At the time of writing, XCN is trading at $0.0182, having slipped below the local support of $0.0187.

Source: CoinMarketCap

This weakness has triggered a cascade of liquidations, putting further pressure on Onyxcoin’s short-term outlook.

The recent downturn follows a period of relative optimism, during which XCN attracted renewed investor attention amid rising on-chain activity.

However, its inability to hold above key price levels suggests growing caution among traders.

Traders liquidated as XCN fails to hold support

The shift in momentum for XCN was first flagged by the MACD (Moving Average Convergence Divergence) indicator, which registered a bearish crossover around 72 hours ago.

This reversal has been confirmed by real-time liquidation data, which shows that nearly $2 million worth of long positions have been liquidated.

That figure represents roughly 16% of the $12 million total open interest for Onyxcoin.

These liquidations are significant given XCN’s relatively low market cap and trading volume compared to major assets.

The size of the liquidations suggests that a sizeable portion of retail traders were caught off guard by the sudden shift, intensifying negative sentiment.

If bearish conditions persist, further liquidations could push the token even lower, as leveraged traders rush to exit their positions.

Technical levels signal more downside for XCN

With XCN now trading below both the $0.0187 local support and the key $0.0214 resistance level, the next major downside target is $0.0165.

This support level is critical for preventing further losses. A decisive breakdown below $0.0165 could lead to a new wave of long position liquidations, extending the current downtrend.

The price failure comes after two attempts in April to reclaim the $0.0214 resistance.

Both were met with rejection, confirming that the level is acting as a strong ceiling in the current market environment.

Until XCN can retest and successfully break above this mark, sentiment is likely to remain bearish.

Recovery hinges on reclaiming $0.0187

There is still a narrow path to recovery. If Onyxcoin can reclaim the $0.0187 level as support and consolidate above it, the token could stage another attempt to challenge the $0.0214 barrier.

A successful breakout above that level would invalidate the current bearish trend and potentially trigger a short-term bullish reversal.

However, broader market sentiment will also play a role. With Bitcoin and Ethereum showing signs of consolidation and risk appetite fluctuating among altcoin investors, Onyxcoin may need more than technical support to stage a rebound.

For now, traders are watching closely to see whether $0.0165 holds, or if further downside is on the cards.

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First 100 days under President Trump: crypto industry faces new challenges and opportunities

  • SEC and CFTC leadership reshuffled to favour digital asset regulation.
  • Strategic Bitcoin Reserve created, but without new BTC purchases.
  • WLFI stablecoin launch triggered calls for an ethics investigation.

The first 100 days of US President Donald Trump’s second term have reshaped the cryptocurrency and blockchain landscape through sweeping policy moves, regulatory changes, and controversial personal involvement.

From the launch of a new meme coin ahead of the Inauguration Day to the creation of a US Bitcoin reserve, President Trump has pushed an aggressively pro-crypto stance, while simultaneously sparking regulatory concern, geopolitical tension, and significant market volatility.

A series of tariffs, executive orders, and personnel appointments have created both opportunity and uncertainty across digital asset markets.

WLFI token launch, SEC shakeup mark start of term

On 20 January, as Trump took the oath of office, his family’s investment firm World Liberty Financial (WLFI) launched the second phase of its token sale.

The non-transferable WLFI token was followed by a wave of crypto-friendly appointments.

Paul Atkins was named as SEC Chair on day one, replacing Gary Gensler, while Brian Quintenz was nominated to lead the CFTC.

David Sacks, a vocal supporter of crypto, was appointed to chair the President’s Council of Advisors on Science and Technology, positioning him as a central figure in both blockchain and AI policymaking.

The WLFI token, initially marketed as a patriotic memecoin aligned with Trump’s return to power, gained traction on platforms like X and Telegram.

The token’s branding heavily featured themes tied to American exceptionalism and conservative values.

Despite being non-tradable and unavailable on major exchanges, the project drew attention from retail investors hoping for eventual utility.

WLFI’s promotional material also teased exclusive access perks for top holders, culminating in a controversial event later in the quarter.

Trade tariffs shake miners, while Bitcoin reserve takes shape

Just weeks into the new administration, Trump’s economic nationalism began to impact the crypto industry.

On 1 February, broad tariffs were imposed on Mexico, China, and Canada, citing security and fentanyl concerns.

Markets dipped in response, with Bitcoin miners particularly affected due to higher import costs for essential hardware.

The situation escalated on 2 April when Trump introduced a 10% minimum tariff on all countries that tax US goods, branding it “Liberation Day.”

Meanwhile, on  March 7, the president signed an executive order establishing a Strategic Bitcoin Reserve.

Though the move was intended to formalise the US’s stake in crypto markets, it disappointed many investors by not initiating fresh purchases.

$TRUMP token dinner fuels backlash and ethics probe

Donald Trump’s $TRUMP meme coin surged over 50% in value to reach a $2.7 billion market cap after the project announced that the top 220 token holders would be invited to a black-tie dinner with the former US president on 22 May.

The event, hosted at his private club in Washington, also includes a VIP White House tour for the top 25 holders.

According to Chainalysis, Trump and his allies earned nearly $900,000 in trading fees from the token in just two days following the announcement.

Since its January launch, the token has generated $324.5 million in trading fees through a mechanism that redirects a portion of each transaction to insider wallets.

The Trump Organisation and affiliates reportedly control around 80% of the token supply, which is locked under a three-year vesting schedule.

The dinner offer has triggered backlash from lawmakers and watchdogs, with Senators Elizabeth Warren and Adam Schiff calling for a federal ethics probe, alleging it may constitute “pay to play” behaviour.

Meanwhile, Trump’s broader crypto ventures, including the $MELANIA token and World Liberty Financial, have raised $550 million, with Trump-affiliated entities entitled to 75% of net revenue.

The shift comes amid weakened regulatory oversight of the crypto sector under Trump’s administration.

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