CoinQuest

Phoenix and Wasabi Withdraw from US Market Amid Crackdown on Self-Custody Wallets ACINQ's Phoenix Wallet and zkSNACKs' Wasabi Wallet are discontinuing services for U.S. customers due to concerns about the legitimacy of self-custodial wallet providers as money service businesses. This follows recent regulatory actions against other wallet providers.

BNY Mellon invests in Bitcoin ETFs as institutional interest grows BNY Mellon, the world’s largest custodian bank and the oldest in the U.S., has recently disclosed its investment in Bitcoin ETFs. According to an SEC filing, the bank is exposed to BTC ETFs offered by BlackRock and Grayscale, underscoring the growing institutional interest in cryptocurrencies. The U.S. SEC’s approval of 11 spot Bitcoin ETFs earlier this year marked a significant milestone for American crypto investors. This decision came after prolonged investor demand for such financial instruments. ETF anticipation and subsequent approval triggered a surge in the crypto market, propelling BTC to a new all-time high of $73,737 in March. The demand for Bitcoin (BTC) ETF exposure reflects a broader trend of institutional investors warming up to the emerging asset class.

Aethir Introduces Aethir Cloud Airdrop 🔥 Aethir has launched Aethir Cloud Drop, an airdrop campaign where participants can earn rewards by completing tasks such as purchasing Aethir Checker nodes, engaging on social media, participating in quizzes, referring friends, and being part of specific NFT/token communities. The campaign runs until May 12, marking the final stage before Aethir's official launch. How To Participate: — Visit https://airdrop.aethir.com — Connect your wallet — Automatically receive badges based on eligibility — Complete quests for more badges — Refer friends for a referral badge — Earn referral points from your referrals' activities

US SEC Expected to Reject Spot Ether ETFs in May 😱 The United States Securities and Exchange Commission (SEC) is expected to deny spot Ether exchange-traded funds (ETFs) in May, according to a new report. Recent meetings between issuers and the SEC have been one-sided, with agency staff not discussing substantive details about the proposed products. Analysts believe that approval will likely be delayed until later in 2024 or longer due to the regulatory landscape being unclear.

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Blockchain Association and Crypto Freedom Alliance of Texas Take Legal Action Against SEC Over Recently Adopted Dealer Rule The Blockchain Association and the Crypto Freedom Alliance of Texas have sued the U.S. Securities and Exchange Commission over a newly adopted dealer rule, alleging violations of the Administrative Procedures Act. They seek to "strike down" the rule and prevent its use against the industry.

Renzo (EZ) Farming Starts On Binance Launchpool From 24 Apr 💎 Token Info: — Ticker: $EZ — Total Supply: 10B $EZ — Launchpool Rewards: 250M $EZ (2.5% of max token supply) — Initial Circulating Supply: 1.05B $EZ (10.5% of max token supply) Staking Info: — Token staked: BNB, FDUSD — Farming period: 24 Apr ~ 29 Apr — Hourly Hard Cap per User: — BNB: 147,569.44 $EZ — FDUSD: 26,041.67 $EZ Listing Info: Binance will list $EZ on 30 Apr, 12:00 (UTC)

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VC roundup: Centrifuge, Crypto Valley Exchange, Nebra lock in funding rounds Venture capital (VC) investors kept busy this past week as Centrifuge, Crypto Valley Exchange and Nebra all clinched new rounds of funding. Crypto Valley Exchange The $7-million funding round consisted of pre-seed and seed rounds. Fabric Ventures and Kyber Capital Crypto Fund co-led the effort. Crypto Valley Exchange also drew support from notable backers like AMDAX, Wave Digital, Funfair Ventures, and the Seier Capital Family Office, among others. CVEX is set to offer a decentralized exchange (DEX) catering to crypto enthusiasts, aiming to provide transparent and cost-effective futures and options trading. One of its features includes specialized bid-offer dynamics that the company hopes will work better than existing trading platforms. Regarding its upcoming mainnet launch, scheduled for this summer on Arbitrum (ARB), CVEX stated it will include enhanced trading features compatible with user wallets across Ethereum (ETH), Optimism (OP), and Solana (SOL). Centrifuge In other funding news, Centrifuge, a leading platform for on-chain finance, also announced a substantial $15 million Series A funding round. The round, which was oversubscribed and supported by a diverse array of investors, is considered a pivotal moment for Centrifuge’s journey toward establishing itself as the go-to platform for real-world asset (RWA) tokenization. Centrifuge plans to launch an institutional-grade lending market for RWAs on the Base layer-2 network, which it also plans to integrate with Coinbase Verification. According to the company, the initiative is meant to enable swift and secure onboarding for institutions seeking exposure to real-world assets, and it will also provide instant liquidity and lending options against asset holdings. Nebra Blockchain and zero-knowledge proof (ZKP) research platform Nebra made headlines after securing $4.5 million in investment in their pre-seed and seed rounds.

Bitcoin Undergoes Fourth Halving, Reducing Miner Block Reward from 6.25 BTC to 3.125 BTC 👀👀👀