The UK is stepping up its crypto game — with clear rules, bold reforms, and global collaboration. At the UK Fintech Week summit, the Treasury and Chancellor of the Exchequer, Rachel Reeves, have introduced draft rules to regulate cryptoassets, aiming to protect people from scams and shady firms. Here’s what the rules mandate?
Crypto Firms Face Stricter Standards
Under these new rules, crypto platforms dealing with assets like Bitcoin and Ethereum will now fall under stricter regulations. This includes exchanges, dealers, and agents, who will be required to follow the same high standards as traditional finance.
That means crypto platforms serving UK customers must follow strict transparency, consumer protection, and operational stability rules. The move is part of the UK’s “Plan for Change,” a strategy to grow financial services while reducing risk.
With crypto ownership in the UK tripling from 4% in 2021 to 12% today, regulators say it’s time to step in. Too many people have been left exposed to risky platforms and scams. The new rules aim to stop that, making sure users are better protected from day one.
Meanwhile, Reeves made it clear: the UK wants to be the best place to build in crypto, but the worst place for scammers.
UK and US Explore Joint Innovation
In addition to new local rules, the UK is also teaming up with the U.S. through the UK-U.S. Financial Regulatory Working Group. The two countries are exploring joint ways to promote safe crypto growth.
One exciting idea on the table is a “transatlantic sandbox,” a shared testing space for digital securities, as proposed by SEC Commissioner Hester Peirce.
Big Moves Coming in July
Reeves confirmed that the UK will release its first Financial Services Growth Strategy on July 15, with fintech named a top priority.
The government also plans to finalize and roll out full crypto legislation by the end of 2025 after more discussions with industry players.
The European Central Bank (ECB) has recently taken the stage to warn against Trump’s crypto push, claiming it could stifle the European economy. Primarily, the ECB has questioned whether the current MiCA regulations are ample enough to cushion the blow caused by financial spillover effects due to Trump’s support for cryptocurrencies.
However, the European Commission has dismissed the central bank’s alarming remarks, deeming it to be an overexaggerated concern. In turn, the Commission has argued that the ECB itself misunderstood the EU’s rules, sparking a flurry of discussions nationwide.
European Central Bank Claims Trump’s Pro-Crypto Push Can Impact Europe’s Economy, Commission Says Otherwise
According to a recent Politico report, the European Central Bank and Commission are tussling over whether the current MiCA regulations are enough to negate the blow caused by Trump’s pro-crypto usher. While the ECB thinks that America’s pro-crypto stance could risk causing financial “contagion” and blow up Europe’s economy, the Commission is in a snub.
The Commission primarily believes that the current MiCA regulations, which were introduced in 2023, provide sufficient safeguards that could mitigate potential losses caused by Trump’s pro-crypto push. While the ECB argued that legislative changes are a must, the EC took a contrary stand on the matter.
What’s The Point Of Contention?
CoinGape found that the point of contention remains about the potential challenges that Trump’s USD stablecoin expansion saga could bring into the Eurozone, negatively impacting its financial sovereignty. A majority of the stablecoin projects are denominated in American dollars, risking the nation’s traditional currencies.
To mitigate such risks, the ECB looks forward to making some legislative changes to the MiCA regulations. However, the EC believes that the current set of standards is enough to reduce the risk of foreign currency pegged stablecoins. As a result, both parties ended up in a squabble surrounding the impact of Trump’s crypto push on Europe’s economy.
The scuffle initially kicked off on April 14, when top EU government officials held discussions over the risks of US crypto assets on the nation’s financial stability. The European Central Bank’s claims were primarily dismissed by EU officials and most governments in the end.
However, it’s worth pointing out that the central banking authority cannot be seen completely wrong, as it has always pushed for the betterment of traditional and digital assets in Europe. Intriguingly, CoinGape recently reported that the ECB advanced with digital Euro plans to counter U.S. stablecoins, another move to preserve financial sovereignty.
Ethereum price plunged below $1,600 over the weekend as BTC’s slide ignited sharp liquidations across major altcoins, including ETH.
Ethereum (ETH) dips below $1,700 as BTC Weakness Spreads to Atcoin Markets
Ethereum (ETH) sharply turned bearish over the weekend as bearish headwins from the US trade war extended towards the crypto sector.
On Sunday April 6, ETH price dropped to a 3-week low near $1,650 on Sunday, April 6, tracking Bitcoin’s rapid decline below the psychologically critical $80,000 mark.
Bitcoin weekend slump triggered panic across altcoin markets, and Ethereum was no exception—recording a sharp 11.24% drop within 24 hours.
Ethereum (ETH) Price Action, April 6 | Source: CoinMarketCap
According to data from CoinMarketCap, the 11% downtrend representing its lowest intraday print since mid-March.
The move erased nearly all of last week’s gains, which had come after Ethereum briefly climbed above $1,770 during Thursday’s risk-off rally sparked by China’s reciprocal tariffs.
The initial ETH bullish momentum, however, has unraveled as BTC bulls failed to sustain upside pressure into the weekend, leading to cascading losses across the broader crypto ecosystem.
Ethereum Liquidation Map Shows ETH Bulls Have $79M Lifeline at $1,554
Coinglass liquidation data paints a grim but actionable picture for ETH traders. Over the past 24 hours, Ethereum has seen more than $164.7 million in long liquidations—second only to Bitcoin, which accounted for $203.7 million.
The bulk of these liquidations occurred during Sunday’s swift plunge, suggesting bulls were heavily leveraged during BTC’s decline.
The Ethereum liquidation heatmap from Coinglass highlights a significant support concentration around the $1,550–$1,570 region. Specifically, over $76.2 million in leveraged long interest is stacked at the $1,554 level.
This zone now acts as a key inflection point: if ETH price defends this level, it could serve as a springboard for recovery as bargain buyers step in. However, if that support crumbles, a steeper correction toward $1,480 or even $1,420 could play out, as there are few notable liquidity cushions below that range.
With Bitcoin still struggling below $80,000, Ethereum’s near-term prospects remain fragile. Until BTC reclaims lost ground and market confidence stabilizes, ETH bulls face the dual threat of weak price action and thinning order book support.
For now, all eyes remain on the $1,554 liquidation cluster. A strong defense of this level, combined with increased market volumes could prevent further losses. Otherwise, Ethereum’s next leg may head deeper into the low-$1,500s, as bears tighten their grip heading into the new trading week.
Ethereum Price Forecast: ETH Risks $1,480 as RSI Hits Oversold and Price Breaks Below $1,655 VWAP
Ethereum price forecast signals lean negative, having plunged 11.73% to $1,594—its largest single-day loss in over a month. This decline was fueled by Bitcoin’s collapse below $80,000, triggering cross-market liquidations that erased recent gains across the altcoin complex.
Ethereum’s rejection near $1,800 and breakdown through $1,655—the VWAP level—confirms renewed downside momentum, with ETH now trading decisively below its 8-EMA and 21-EMA.
Ethereum Price Forecast
The Ethereum price forecast now leans cautiously bearish as technical indicators deteriorate.
The daily RSI prints 28.59, confirming oversold territory for the first time since early March. While this suggests a short-term bounce could develop, it also reflects capitulation from bulls, especially as the broader trend structure continues to weaken.
Price action is now below the 50-day SMA at $1,787 and far under the 200-day SMA at $1,894—both critical resistance levels that previously provided directional bias for long setups.
A bullish defense at $1,555 could stabilise sentiment, but failure to hold that lifeline increases the likelihood of testing $1,480, a key liquidity pocket. Unless Bitcoin reclaims $80K soon, Ethereum may remain vulnerable to further weakness. Near-term recovery will depend on buyers reclaiming $1,655 and sustaining momentum above the short-term EMAs.
India’s crypto scene is buzzing in 2025, and one name is getting extra attention — Ripple’s XRP. While Bitcoin and Ethereum have long dominated conversations, Ripple is quietly climbing the ranks, especially when it comes to active trading.
XRP Tops India’s Crypto Trades
According to the latest report from CoinSwitch, one of India’s largest cryptocurrency trading platforms, XRP has become the most traded cryptocurrency in India during the first quarter of this year. This is a big moment for the digital asset, as it overtakes popular tokens like Shiba Inu and Dogecoin, which have enjoyed strong fan bases in the country.
XRP now accounts for over 13% of total trades on the platform, a clear sign that Indian traders are keeping a close eye on it. Experts suggest that recent positive updates surrounding Ripple’s global operations and legal battles have likely boosted investor confidence, encouraging more people to buy and trade XRP.
Traders Pivot from Memecoins to Ripple
Interestingly, while XRP leads the trading charts, Bitcoin and Dogecoin still remain among the top assets held by Indian investors. People in India seem to trust established cryptocurrencies for long-term investments, but when it comes to fast-paced trading, XRP appears to be the go-to choice in early 2025.
Apart from Ripple’s rise, new meme coins like PEPE have also started attracting attention, while older names like Loopring are slowly fading from the spotlight. This shows just how quickly trends can change in India’s crypto market, with both seasoned investors and new traders willing to explore fresh opportunities.
A senior executive at CoinSwitch commented, “The first few months of 2025 have shown us how dynamic the Indian crypto market is. While some coins continue to be long-term favorites, traders are actively exploring new tokens like Ripple, driven by global events and growing awareness.”
The post Ripple’s XRP Outpaces Bitcoin and Dogecoin to Lead India’s Crypto Market in Q1 2025 appeared first on Coinpedia Fintech News
India’s crypto scene is buzzing in 2025, and one name is getting extra attention — Ripple’s XRP. While Bitcoin and Ethereum have long dominated conversations, Ripple is quietly climbing the ranks, especially when it comes to active trading. XRP Tops India’s Crypto Trades According to the latest report from CoinSwitch, one of India’s largest cryptocurrency …
