KEYTAKEAWAYS
- The Federal Reserve has withdrawn regulatory guidance on crypto assets, potentially accelerating the integration of Bitcoin services into traditional banking, while Trump-backed World Liberty Financial has signed agreements with Pakistan's crypto council.
- BONK has launched Letsbonk.Fun to address predatory practices in the meme coin market, as Nike faces a class action lawsuit after shutting down its RTFKT NFT unit, causing significant financial losses for holders.
- Citibank predicts stablecoin supply could reach $3.7 trillion by 2030, potentially pushing Bitcoin prices to $285,000-$475,000, while USDC on Solana has surpassed 10 billion in circulating supply.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. Alliance DAO Co-Founder Highlights Competition Among AMMs for Token Launchpads
Imran Khan, co-founder of Alliance DAO, highlighted an overlooked competition unfolding among automated market makers (AMMs) to become the dominant infrastructure for token launchpads. These platforms are competing through differentiated bonding curves, anti-sniping mechanisms, and granular fee generation frameworks. Khan notes that capturing this market could build a considerable moat and generate significant fee income, though it remains uncertain whether becoming the de facto launchpad infrastructure will provide lasting long-term advantages.
2. Federal Reserve Withdraws Regulatory Guidance on Crypto Assets
The Federal Reserve has announced the withdrawal of regulatory guidance concerning banks’ crypto asset and USD token operations, while updating expected standards for related services. Finance Feeds contributor Damilola Esebame analyzes that this move signifies a broader legitimization of Bitcoin, potentially accelerating the Federal Reserve’s vision of a financial environment where Bitcoin is as accessible and safe as traditional fiat currency. This could lead to faster integration of Bitcoin checking accounts, crypto-backed loans, and crypto-to-fiat conversions into traditional banking services.
3. Trump-Backed World Liberty Financial Signs Agreements with Pakistan Crypto Council
World Liberty Financial (WLFI), the decentralized finance project backed by President Donald Trump, has signed a series of agreements with the Pakistan Crypto Council (PCC). WLFI co-founder Zach Witkoff, PCC CEO Bilal bin Saqib, and Pakistan’s Information Minister Attaullah Tarar attended the signing event. The PCC, established in March 2025, is Pakistan’s federal regulatory body overseeing blockchain technology and crypto assets. The Trump family holds a 60% stake in WLFI, with the president acting as chief crypto advocate and his sons serving as Web3 ambassadors. Pakistan ranked ninth globally in crypto adoption according to Chainalysis’ 2024 index.
4. ECB Governor Council Member Suggests Two More Rate Cuts Possible This Year
A member of the European Central Bank’s Governing Council has indicated that two more interest rate cuts this year cannot be ruled out amid growing economic uncertainties. The council member emphasized that while the current economic outlook is stable, the ECB must remain agile and prepared to adjust policies in response to emerging risks. Markets are currently pricing in two more quarter-point reductions before the end of 2025, as well as a 60% chance of a third cut. The ECB is considering lowering rates at its June meeting if forecasts indicate eurozone inflation will fall below the bank’s 2% target.
5. Bitcoin Magazine CEO Predicts Major Growth for Bitcoin-Backed Securities
Bitcoin Magazine CEO David Bailey wrote on Twitter: “Over the past 13 years, I have closely observed all the mainstream Bitcoin and cryptocurrency investment meta-models. It is always interesting to compare and contrast their development history. For now, Bitcoin-backed securities will have huge development potential, and the scale in the future may be larger than traditional securities.”
NOON NEWS
1. BONK Launches Meme Coin Issuance Platform Letsbonk.Fun
BONK has unveiled Letsbonk.Fun, a dedicated meme coin issuance platform developed in collaboration with Raydium. The platform addresses issues within the meme coin market such as predatory practices and lack of transparency by providing a self-serving launchpad with a user-friendly interface. A portion of the fees generated will support the Solana network through the BONKsol validator and will be used for BONK token purchases and burns. This initiative aims to democratize the meme coin market, making it more accessible and reliable for both seasoned investors and newcomers.
2. Nike Faces Class Action Lawsuit Over RTFKT NFT Shutdown
Nike is facing a class action lawsuit after shutting down its RTFKT unit in December 2024. Filed in Brooklyn, New York by Australian plaintiff Jagdeep Cheema and others, the lawsuit seeks damages exceeding $5 million. Buyers allege that Nike misled them about its NFT products and failed to properly file for securities registration. Once RTFKT ceased operations, the market interest for its NFTs plummeted instantly, causing significant financial losses for holders. The lawsuit accuses WREX of violating consumer protection laws in four states: New York, California, Florida, and Oregon. This case could provide American courts with a better understanding of NFTs’ legal status amid ongoing regulatory uncertainties.
3. LBank to List MyCryptoProtocol (MCP) on April 27
LBank has announced that MyCryptoProtocol (MCP) will be listed on its exchange on April 27, 2025, at 03:20 UTC with the trading pair MCP/USDT. MCP is a protocol-level framework that connects AI agents with crypto-native services through the Model Context Protocol, standardizing how AI accesses services by enabling servers to expose tools and data in a structured, machine-readable format. The project emphasizes modular protocol design, grants governance voting rights to token holders, and is building Web4 infrastructure on Solana. Trading fees for the pair are set at 1% for both makers and takers.
4. Citibank Predicts Massive Stablecoin Growth and Bitcoin Price Surge by 2030
According to Coingape, Citibank has predicted in its latest report that the total supply of stablecoins will grow to $1.6 trillion by 2030 in the baseline scenario and $3.7 trillion in the optimistic scenario. Based on the historical ratio of stablecoin growth to BTC price appreciation, analysts believe a 6.7-fold increase in stablecoins could translate to a 3-5x increase in Bitcoin price, potentially reaching $285,000 by 2030. The more optimistic upper limit may approach $475,000 per coin. Even under conservative assumptions (with only 25% of stablecoin growth converting to Bitcoin), prices may still grow 200-250% from current levels to between $190,000 and $237,500 by 2030.
EVENING NEWS
1. Ripple Confirms It Will Not Go Public by 2025
Ripple has officially confirmed it will not go public by 2025, despite its recent legal victory against the SEC and strong financial position. CEO Brad Garlinghouse and President Monica Long emphasized that the company is not seeking outside funding and has no immediate plans to become a publicly traded entity. With billions in cash on its balance sheet, Ripple is focusing on acquisitions, as evidenced by its recent agreement to acquire prime broker Hidden Road, which clears approximately $3 trillion in annual volume. The company is also expanding into stablecoins with Ripple USD (RLUSD) and exploring tokenization of real-world assets by supplying custody and issuance software to banks.
2. Binance Alpha to Launch Haedal Protocol with Exclusive Airdrop
Binance Alpha will debut trading for Haedal Protocol (HAEDAL) on April 29, 2025, with the exact time to be confirmed. Users meeting the Alpha Points threshold will receive an airdrop within 10 minutes of trading commencement, with the threshold to be disclosed on April 29. Alpha Points evaluate user engagement across the Binance Alpha and Binance Wallet ecosystems.
3. Vitalik Buterin: Ethereum’s Account Abstraction Process Only Halfway Complete
Ethereum founder Vitalik Buterin responded to comments on Pectra’s account abstraction, pointing out that the process is only halfway completed. He stated that the ultimate goal is to make non-ECDSA (elliptic curve digital signature algorithm) accounts the mainstream account type on Ethereum. These accounts include functions such as multi-signature, key change, quantum attack resistance, and privacy protocols. Buterin noted that recent progress has been made in simplifying the 7701 standard to promote the realization of this goal.
4. Synthetix Completes Legacy SNX Staking Liquidation and Implements V4 Upgrade
Synthetix has completed a significant transition with the liquidation of legacy SNX staking positions and implementation of a major upgrade following the SCCP-403 proposal. The platform has transitioned to the 420 staking pool, with positions having a collateralization ratio of 160% or higher eligible for recovery within six months, while positions below this threshold have been permanently liquidated. Synthetix also announced plans to issue 170 million new SNX tokens to expand its supply and support its growing ecosystem. The V4 upgrade introduces several improvements aimed at enhancing user experience and will support new features such as Perps v4 perpetual contracts and automated Vaults.
5. USDC on Solana Surpasses 10 Billion in Circulating Supply
The circulating supply of USDC on the Solana blockchain has surpassed 10 billion, marking a significant milestone for the stablecoin and the broader cryptocurrency ecosystem. This development underscores the growing adoption of USDC within the Solana network, known for its high-speed and low-cost transactions. Circle, the issuer of USDC, has clarified it has no plans to become a bank or insured depository institution, instead focusing on supporting stablecoin legislation that promotes innovation while protecting consumers. The surge in USDC’s supply on Solana reflects the network’s growing popularity and ability to support large-scale stablecoin transactions.
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