The recently released FOMC minutes showed that Jerome Powell and the US Federal Reserve are likely to maintain a cautious approach as long as Donald Trump’s tariffs remain in place. Chicago’s Austan Goolsbee has weighed in on this and suggested that the market could witness Fed rate cuts if these tariffs somehow go away. Fed Rate Cuts On The Table If Trump Tariffs End According to a Reuters report, the Chicago Federal Reserve Bank President stated that he believes the market would witness some Fed rate cuts if the big tariffs could end through trade deals or otherwise. Goolsbee made this statement given the current strength of the US economy and the fact that inflation is trending downward. This comes just following the release of the May FOMC meeting minutes, which showed that Jerome Powell and the committee are currently taking a cautious approach due to the Trump tariffs. The… Read More at Coingape.com
Coinbase has held the stance that crypto assets are not securities but instead are digital commodities.
The Donald Trump administration has been working with Congress to enact bi-partisan clear crypto regulations.
The U.S. SEC under Paul Atkins has been dropping crypto cases to await clear directions from Congress.
In a surprising twist of events, Oregon Attorney General Dan Rayfield, who is affiliated with the Democratic Party, filed a securities enforcement action against Coinbase Global Inc. (NASDAQ: COIN) on Friday, April 18. Rayfield will be picking up from where former SEC Chair Gary Gensler left in asserting that Coinbase has over the years operated an unregistered securities exchange and a broker-dealer.
“In case you think I’m jumping to conclusions, the AG’s office made it clear to us that they are literally picking up where the Gary Gensler SEC left off. Seriously,” Paul Grewal, the Chief Legal Officer at Coinbase, noted.
Grewal pointed out that the lawsuit may hamper efforts by bipartisan lawmakers to pass comprehensive federal legislation for digital assets.
“Oregon’s holdout campaign is obstruction for the sake of obstruction. It is a desperate scheme that does nothing to move the crypto conversation forward, and in fact takes us a giant leap backward from hard-won progress,” Grewal added.
Impact of the Revived Coinbase Lawsuit
As Coinpedia reported, the U.S. SEC, under the Donald Trump administration, dismissed the Coinbase case with prejudice, meaning the case was permanently closed and cannot be brought back to the court. However, Oregon’s AG case against Coinbase changes the dynamics amid the ongoing global trade war
The announcement did not negatively impact Coinbase services or its stock market on Friday. Moreover, the mainstream confidence in Coinbase has significantly grown in the recent past, with the anticipated crypto regulatory framework ahead.
Meanwhile, Coinbase announced that it will do whatever is required to beat the case against Oregon’s AG.
The post Oregon’s Attorney General Revives Gary Gensler’s Case Against Coinbase: What Next? appeared first on Coinpedia Fintech News
Coinbase has held the stance that crypto assets are not securities but instead are digital commodities. The Donald Trump administration has been working with Congress to enact bi-partisan clear crypto regulations. The U.S. SEC under Paul Atkins has been dropping crypto cases to await clear directions from Congress. In a surprising twist of events, Oregon …
The overall cash inflows to Solana DeFi products have gradually grown in the past few weeks.
SOL price has consolidated between $123 and $134 in the past three weeks amid a growing bullish outlook.
The wider altcoin market, led by Solana (SOL), continued with horizontal consolidation akin to Bitcoin (BTC) on Thursday, during the early North American trading session. The rising confidence in the Gold market, amid palpable fears of the U.S. stock market, has helped the wider crypto market gain significant bullish sentiment.
Solana Gets Needed Support from Coinbase and Robinhood
The Solana network received much-needed support from Robinhood Markets Inc. (NASDAQ: HOOD) and Coinbase Global Inc. (NASDAQ: COIN). In a bid to attract mainstream Solana users from DeFi projects, such as Raydium DEX, both Robinhood and Coinbase announced initiatives to incentivize.
On Thursday, Coinbase upgraded its Solana infrastructure to enable 5x faster block processing, 4x better RPC performance, and enhanced reliability for a smoother user experience.
Meanwhile, Robinhood announced a no-network fee for several Solana transactions until June 9, 2025.
SolanaRobinhood Gold
Great news, we now have:
No network fees for transfers on the Solana network on the Robinhood app, up to 10 transfers a month. No network fees for transfers on the Solana network when using Robinhood Connect, up to 5 transfers a month. No network… pic.twitter.com/d95f8eenak
After recording an impressive rally in the past two years, heavily influenced by mainstream adoption of its memecoins, SOL price has significantly convinced more investors of its long-term growth prospects.
According to market data from Binance, more than 71 percent of traders on the crypto exchange with open SOL positions are betting on an imminent bullish breakout.
In the weekly timeframe, Solana price has respected a rising logarithmic trend established since January 2023, thus signaling bullish sentiment. Most importantly, SOL price, against the U.S. dollar, has consistently closed above $126 in the past two weeks, amid ongoing trade war negotiations.
In the four-hour timeframe, SOL price has already broken out of several falling logarithmic trends established by YTD.
In the 1-hour time frame, SOL price has been forming a potential bearish sentiment, characterized by a major resistance level above $134 coupled with a bearish divergence of the Relative Strength Index (RSI). As a result, the SOL price may retest the support level around $123 before continuing with bullish sentiment towards its all-time high.
The post Solana Network Gets Major Boost from Coinbase and Robinhood: SOL Price Bullish Reversal Ahead? appeared first on Coinpedia Fintech News
The overall cash inflows to Solana DeFi products have gradually grown in the past few weeks. SOL price has consolidated between $123 and $134 in the past three weeks amid a growing bullish outlook. The wider altcoin market, led by Solana (SOL), continued with horizontal consolidation akin to Bitcoin (BTC) on Thursday, during the early …
According to VanEck’s April 2025 Digital Assets Monthly recap, Bitcoin (BTC) outperformed equities during a turbulent month, offering a glimpse of its potential as a macro hedge.
Yet, the asset’s quick return to correlated behavior suggests Bitcoin is not yet ready to stand fully apart from risk markets.
Bitcoin Outperforms Stocks During April Market Selloff
Bitcoin briefly broke free from traditional markets like stocks and equities. However, its newfound independence may have been short-lived.
“Bitcoin showed signs of decoupling from equities during the week ending April 6,” VanEck Head of Digital Assets Research Matthew Sigel wrote.
This period coincided with US President Donald Trump’s announcement of sweeping tariff measures, which triggered a global market selloff. While the S&P 500 and gold slumped, Bitcoin rose from $81,500 to over $84,500, signaling a possible shift in investor perception.
Still, the momentum did not last. As the month progressed, Bitcoin’s price action re-synced with equities. VanEck, using data from Artemis XYZ, noted that the 30-day BTC-S&P 500 correlation fell below 0.25 in early April but bounced back to 0.55 by month’s end.
“Bitcoin has not meaningfully decoupled,” the report emphasized.
Bitcoin and Ethereum correlation with the S&P 500. Source: VanEck research
Bitcoin gained 13% for the month, outshining the NASDAQ’s 1% loss and the S&P 500’s flat performance. Perhaps more intriguingly, Bitcoin’s volatility dropped by 4%, even as equity volatility doubled amid rising geopolitical tensions and trade uncertainty.
Yet while the short-term picture remains muddled, VanEck sees early signs of a structural shift. The report highlights a growing sovereign and institutional interest in Bitcoin as a store-of-value asset with long-term macro hedging potential.
“Structural tailwinds are forming. Bitcoin continues to find support as a sovereign, uncorrelated asset,” wrote Sigel.
The bank argued that Bitcoin’s resilience amid monetary stress reflects its growing role as portfolio ballast against the fragility of fiat-denominated debt markets.
“I think Bitcoin is a hedge against both TradFi and US Treasury risks. The threat to remove US Federal Reserve Chair Jerome Powell falls into Treasury risk—so the hedge is on,” Geoff Kendrick, Head of Digital Asset Research at Standard Chartered, told BeInCrypto.
However, this resilience did not extend to the broader crypto market. According to VanEck, altcoins stumbled as meme coins, speculative DeFi AI tokens, and Layer-1 networks like Ethereum and Sui fell sharply.
The MarketVector Smart Contract Leaders Index dropped 5% in April and is down 34% year-to-date. Solana stood out as a rare winner, gaining 16% thanks to network upgrades and increasing institutional treasury interest.
Sui posted a 45% jump in daily DEX volume and entered the top 10 in smart contract platform revenue. By contrast, Ethereum lagged, declining 3% as its fee revenue share shrank to just 14%, down from 74% two years ago.
The broader trend in altcoins was bearish, and speculative energy continued to fade. Trading volumes in meme coins dropped by 93% between January and March, with the MarketVector Meme Coin Index down 48% year-to-date.
Even so, regarding price and volatility metrics, Bitcoin’s relative strength in April could hint at where the asset is headed. VanEck’s report concludes that while Bitcoin has not yet fully broken from risk asset behavior, the groundwork for long-term decoupling is quietly being laid.
Robinhood Gold
No network fees for transfers on the Solana network on the Robinhood app, up to 10 transfers a month.
