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The U.S. Commodity Futures Trading Commission (CFTC) has launched a Crypto Sprint to allow spot crypto trading on futures exchanges. The aim is to unify U.S. market regulation. CFTC’s Crypto Sprint is to Regulate Spot Trading via Futures Exchanges In a press release, Acting Chairman Caroline D. Pham announced that the launch of Crypto Sprint,
The post Breaking: U.S. CFTC Kicks off Crypto Sprint, Explores Spot and Futures Trading Together appeared first on CoinGape.
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see what experts have to say about Bitcoin’s (BTC) price outlook. Key investment strategies are driving the next directional bias for the pioneer crypto.
Crypto markets continue to reel from Trump-infused volatility, which weighs heavily on investor sentiment. Traders and investors are bracing for macroeconomic headwinds that continue to temper modest gains.
Among them is Trump’s tariff chaos, which provoked China’s retaliatory stance. Adding another layer of complexity to the US crypto news, Federal Reserve (Fed) chair Jerome Powell ruled out a near-term rate cut, citing economic uncertainty and risks from trade policy.
Reports also indicate that China is liquidating seized cryptocurrencies through private firms to support local government finances amid economic struggles.
The macro context also includes Jerome Powell’s hawkish Federal Reserve (Fed) stance, which ruled out a near-term rate cut.
Amidst this uncertainty, investors may delay allocating capital to high-volatility assets until the macroeconomic outlook stabilizes.
This likely explains Bitcoin’s stunted outlook, oscillating between the $80,000 and $90,000 psychological levels.
However, despite the concerns, analysts are still optimistic, citing key investment or trading strategies. BeInCrypto contacted Blockhead Research Network (BRN) analyst Valentin Fournier, who alluded to the Wyckoff price cycle.
“Our base case remains an accumulation phase, with occasional dips likely before Bitcoin can make a clean break above the $89,000–$90,000 resistance,” Fournier told BeInCrypto.
The Wyckoff Price Cycle, developed by Richard Wyckoff, is a technical analysis framework to identify market trends and trading opportunities. It consists of four phases:
Fournier added that because Bitcoin dominance continues to rise, this suggests altcoins could continue underperforming in the short term.
He also noted that, in contrast to Bitcoin’s strength, trade tensions have affected traditional markets more.
“This is highlighted by Nvidia’s decline following new export restrictions on chips to China,” he said.
If the accumulation phase thesis is true, it aligns with a recent analysis by Deribit’s Tony Stewart, highlighting trader sentiment favoring the upside.
The bullish cohort is buying $90,000 to $100,000 Calls, suggesting bets on a price rise for Bitcoin. However, others are bearish, buying $80,000 Puts and selling $100,000+ Calls, indicating they expect a decline or hedging.
Likewise, funding strategies reveal bullish traders are rolling up positions from $84,000 to $90,000 Calls and selling lower Puts ($75,000) to finance their bets. This indicates confidence in a near-term rally.
Traders analyze these repeating phases’ price action, volume, and market structure. Based on that, they can spot reversals and time entries or exits while understanding institutional behavior.
| Company | At Close April 16 | Pre-Market Overview |
| Strategy (MSTR) | $311.66 | $315.50 (+1.31%) |
| Coinbase Global (COIN) | $172.21 | $174.10 (+1.10%) |
| Galaxy Digital Holdings (GLXY.TO) | $15.58 | $15.15 (-2.69%) |
| MARA Holdings (MARA) | $12.32 | $12.40 (+0.65%) |
| Riot Platforms (RIOT) | $6.36 | $6.41 (+0.79%) |
| Core Scientific (CORZ) | $6.59 | $6.68 (+1.37) |
The post Bitcoin Eyes Breakout above $90,000 as Dip Buyers and Derivatives Traders Fuel Momentum | US Crypto News appeared first on BeInCrypto.
DeFi Technologies, the Toronto-based publicly traded company has striked a major move aimed at expansion. On Monday, it launched its new RWA tokenization-focused exchange, Kenya Digital Exchange (KDX).
The exchange, aimed at tapping into the growing digital market of Kenya, is launched with the collaboration of Kenya’s Nairobi Securities Exchange (NSE).
Notably, the new exchange launch builds on the partnership signed last year between NSE, Defi Technologies’ subsidiary, Valour and SovFi.
The collaboration also involves the listing of Valour’s exchange-traded products (ETPs) on NSE by Q3 2025.
Curtis Schlaufman, the Vice-president of VP Marketing and Communications at DefiTech, revealed in a X post that the new Kenya Digital Exchange (KDX) aims at expanding his company’s role in global capital markets and digital asset innovation.
Given the ongoing growth in the RWA innovation and market, DeFi Tech’s KDX will work as a regulated platform for tokenizing real-world assets (RWAs) – equities, debt funds, and commodities.
KDX will enable primary issuance, trading, and liquidity provisioning for the tokenization of these instruments of traditional markets. It will leverage blockchain technology to ensure secure, transparent, and efficient transactions.
The platform will further integrate Hedera for settlement and to support smart‑contract–powered issuance and market‑making. This infrastructure is expected to serve both institutional and retail clients.
With Valous’ ETPs also in line, it aims to serve as a one‑stop marketplace for digital‑asset ETPs and other tokenized products.
As per the press release, implementation of KDX will occur in three phases:
1. initial platform design and compliance checks in late 2025,
2. pilot trading and ETP issuance in early 2026, and
3. full commercial launch by the second quarter of 2026.
The exchange’s revenue streams will include trading and listing fees, custody services, staking and liquidity‑provision charges, and other value‑added financial services. Curtis also informed that besides RWAs, Defi Tech’s KDX will also focus on token issuance, AI trading, market making, and global exchange interoperability.
DeFi Technologies and SovFi Partner with Nairobi Securities Exchange (@NSE_PLC) to Design and Launch Kenya Digital Exchange (KDX) https://t.co/99IeaCteM5 $DEFTF $DEFI.NE
— DeFi Technologies (@DeFiTechGlobal) April 21, 2025
Kenya has long been a global leader in P2P bitcoin trading – Chainalysis ranked it first worldwide in P2P trade volume in 2021, ahead of 154 other countries. The country ranks among the top 25 markets worldwide for crypto adoption.
With cryptocurrency transactions totaling an estimated USD 18.6 billion in 2022 and over six million users—roughly 10% of the population.
Smartphone penetration exceeds 85%, and the local fintech sector attracted USD 638 million in venture capital in 2024. This underscores strong consumer demand and robust digital‑finance innovation.
By tapping into a six‑million‑user market and nearly USD 20 billion in annual crypto transactions, KDX could catalyze a new wave of digital‑finance activity in East Africa.
The post DeFi Tech Launches Kenya Exchange: What it Means for the African Digital Market of 6M Users appeared first on CoinGape.
In a week full of major developments across cryptocurrency and global markets, Ripple made a notable gesture to the Bitcoin community, large corporations added billions in Bitcoin to their balance sheets, and President Trump reignited trade tensions with new tariffs. These events come as the digital asset industry pushes for unity and regulatory clarity, with more institutions now diversifying into both Bitcoin and XRP. Ripple Donates ‘Skull of Satoshi’ to Bitcoin Museum Ripple CEO Brad Garlinghouse announced the donation of the “Skull of Satoshi” to the Bitcoin community. The sculpture will be displayed at the Bitcoin Museum in Nashville. The 11-foot artwork, created by Benjamin Von Wong with Greenpeace USA, was built from discarded electronics and was originally part of an environmental campaign. The art piece was first shown in March 2023 during the “Change the Code, Not the Climate” campaign. It was meant to criticize the energy use of… Read More at Coingape.com
The post Ripple’s ‘Skull of Satoshi’ Donation, Bitcoin Acquisitions & Trump Tariffs Linger: Crypto News Roundup by Coingape appeared first on CoinGape.