Chinese State Media Warns: USD Stablecoins Could Strengthen Dollar Hegemony
Media aligned with the Communist Party of China has expressed concern that U.S. dollar-backed stablecoins could further cement the global dominance of the U.S. dollar, especially as they become more integrated into virtual economies. The commentary argues that stablecoins link U.S. credit with digital innovation, potentially reinforcing dollar hegemony. In response, it calls on China to accelerate its stablecoin development and actively work to boost the global status of the Chinese yuan (CNY) in digital finance.
March 21, 2025 05:58:05 UTC
Binance Delisting 5 Tokens by March 28
Binance has announced it will delist and cease trading for the following tokens on March 28, 2025, at 03:00 UTC: Aergo (AERGO), AirSwap (AST), BurgerCities (BURGER), COMBO (COMBO), and Linear Finance (LINA). The decision follows Binance’s routine asset review, which evaluates project activity, team commitment, liquidity, security, transparency, and regulatory compliance. Binance also revealed a new “Vote to Delist” feature coming soon, empowering users to weigh in—though it won’t apply to already-announced delistings.
March 21, 2025 05:44:12 UTC
Bitcoin, Ethereum and XRP Price Today
Bitcoin (BTC) hovers around $84,500 after a nearly 3% recovery this week, briefly peaking at $85,900 ahead of President Trump’s crypto speech. Though BTC dipped 4% post-speech, derivatives data suggests limited downside. Meanwhile, Ethereum and Ripple (XRP) show signs of support, hinting at a broader market rebound. XRP trades near $2.43 after rejection at $2.60, backed by 400% growth in network activity and rising investor confidence following the SEC dropping its appeal against Ripple.
Kraken Team of Janover:- A lot has happened with Janover (NASDAQ: JNVR) in the few past days. One of the leading crypto exchanges, Kraken, invested in its private offering fundraising of $42 million last week.
With other investors including Pantera Capital, Arrington Capital, the AI-powered real estate lending firm is also focusing on its Solana Treasury strategy. It is slowly aiming to transition from a fintech company to Web3 pioneer in DeFi.
This all is happening after an all-former Kraken team acquired majority ownership in the company on April 7. The press release revealed the reason to be for “bridging the liquidity gap between Traditional Finance and Decentralised Finance.” In fact, Janover is soon set to rename to “DeFi Development Corporation” with a new ticker symbol.
But, let’s come straight to the point:- Why are former Kraken Executives Interested in Janover? Before it, the firm was purely AI platform focused on connecting the lenders and borrowers in the real estate market.
Decoding the Acquisition by Kraken Team
The Kraken team has notably bought 728,632 shares of Janover common stock with its share witnessing a whopping 1,000% surge soon after it unveiled its treasury strategy. The impressive market performance highlights the bullish response on its DeFi amibitions and transitions.
A CNBC report compared its renewed ambitions with that of becoming the next “MicroStrategy” but for Solana. As of April 13, 2025, MicroStrategy – now operating under the name Strategy – holds 531,644 bitcoins,
Janover’s bid is evident on the surface. It is following a bold new treasury strategy architected by former Kraken management executives.
As part of its new Treasury Strategy, Janoger on April 11 completed purchase of $5 million of Solana (SOL) tokebs. This brings its total Solana holdings to 83,084 worth $9.6 million. It immediately started staking it’s SOL immediately for revenue yields.
JNVR SOL Holdings
Further, Janover operates in the $3 trillion+ U.S. commercial real estate (CRE) sector—a space that’s historically underserved by tech.
This gives Kraken-aligned investors a “real-world asset” (RWA) entry point. The company plans to rename itself to DeFi Development Corporation, signaling a serious pivot to Web3-first business models.
As part of the transition, Janover aims to become the first U.S.-listed company offering public market investors direct exposure to Solana’s ecosystem.
The Company also aims to operate one or more Solana validators. This is aimed at enabling it to stake its treasury assets, participate in securing the network, and earn rewards that can be reinvested.
The broader goal, according to the company, is to build a transparent, long-term value engine that compounds net asset value (NAV) and serves as a scalable gateway to DeFi within public equity markets.
Notably, as per the revelation, Janover isn’t pivoting away from its core—it’s enhancing its fintech model with blockchain principles.
JNVR Stock Since Acquisiition
Who are the Kraken Team Members Leading Janover Now?
Following the acquisition, the Board of Directors appointed Joseph Onorati as Chairman and CEO, and Parker White as Chief Investment Officer and Chief Operating Officer.
The new leadership, including Joseph Onorati as CEO and Parker White as CIO/COO, brings extensive experience from the crypto industry.
1. Joseph Onorati served as Chief Strategy Officer at Kraken Digital Asset Exchange.He also founded and led a high-frequency crypto market maker and briefly served as interim CEO at CaVirtEx, Canada’s first Bitcoin exchange, which was acquired later by Kraken.
2. Parker White was the Director of Engineering at Kraken Digital Asset Exchange.He currently operates a Solana validator with $75 million in delegated stake and previously managed a $2 billion bond portfolio at an institutional investment firm.
Additionally, Marco Santori, former Chief Legal Officer at Kraken, has also joined Janover’s Board of Directors.
However, Janover’s founder, Blake Janover, and Director and Audit Committee Chair William Caragol continue to on the board to ensure continuity in the company’s operations.
Notably, Janover isn’t a whitepaper project — it’s a revenue-generating commercial lending platform in a $3T+ real estate market. This proves to be a safer bet for Kraken Team than pure crypto startups – for leading and securing space in DeFi.
Next Microstrategy?
Janover is making this transition at a strategic time. With institutions warming up to stablecoins, tokenized U.S. Treasuries, DeFi yield products, it can have an edge in its ambitions.
Janover’s treasury pivot could position it as a leader in real-world asset integration, which Kraken-affiliated strategists are likely bullish on.
But it is still to early to see it in par with Microstrategy. Investors can keep an eye as its future plans unfold.
As Q2 began, the crypto market gained momentum, with many tokens showing strong performance in the latter half of April. Following Bitcoin’s lead, most altcoins have seen significant improvements, posting triple-digit gains. Some altcoins are even approaching their all-time highs, reflecting increased market optimism and growth.
BeInCrypto has analysed three such altcoins that are close to forming new all-time highs in the coming month.
Walrus (WAL)
WAL has surged by 50% over the past week, reaching a price of $0.622. This strong uptick also saw the altcoin hit a new all-time high (ATH) of $0.690. The recent gains reflect growing investor interest and confidence in the altcoin’s performance in the market.
Currently, WAL is just 11% away from breaching its ATH and potentially forming a new high at $0.750. However, this progress depends on sustaining the bullish momentum. If the market conditions remain favorable and buying pressure continues, WAL may break through this resistance and push toward the $0.750 target.
If investors decide to sell early and the bullish momentum fades, WAL could struggle to maintain its upward trend. A failure to break the $0.634 resistance level could lead to a drop to $0.546. This would invalidate the current bullish outlook and signal a potential correction in the altcoin’s price.
Saros (SAROS)
SAROS has not posted significant gains this month but did manage to hit a new all-time high (ATH) of $0.1712 before falling to $0.1311 at the time of writing. Despite the drop, the altcoin remains within a range that could allow for potential recovery and further price growth.
Currently, SAROS is facing resistance at $0.1344, and breaking through this level is crucial for the altcoin to return to its ATH of $0.1712. A successful breach would open the path toward $0.2000, providing the altcoin with a strong opportunity for continued upward movement if the bullish momentum sustains.
If SAROS fails to breach the $0.1344 resistance, it could remain consolidated above $0.1153. A failure to hold above this level would put the bullish outlook at risk, potentially leading to further downward movement and invalidating any potential for short-term growth.
BNB
BNB is currently priced at $609, needing a 30% rise to reach its all-time high (ATH) of $793. However, achieving this requires strong market conditions and investor support, both of which have been lacking throughout April. A sustained rally would be crucial for the altcoin to reclaim its ATH.
Currently trapped under a nearly five-month downtrend, BNB faces significant resistance. A 30% rally would be needed to break through this trend and reach $793. If BNB can surpass the $700 mark, it would confirm that the altcoin is on track to challenge its previous ATH and establish a new high.
However, BNB is struggling to gain traction among investors, making such a rise difficult. Failing to breach the $618 resistance could result in a decline, with BNB potentially falling below $600. If this occurs, BNB could slide toward $576, further invalidating the bullish outlook and prolonging its downtrend.
XRP
XRP is breaking out of a descending wedge pattern that has held since the start of the year. Currently trading at $2.28, the altcoin is heading toward the $2.40 resistance level. A successful breakout would indicate the potential for continued upward momentum, boosting optimism among investors.
Despite the recent surge, XRP is still more than 48% away from its all-time high (ATH) of $3.40. A sustained rally or bull run could propel XRP toward its ATH, especially if the current breakout is confirmed. Successfully flipping $2.56 into support would indicate that further gains are likely.
If XRP fails to breach the $2.40 resistance, a price reversal could occur, leading to a decline back to $2.02. Such a move would invalidate the bullish outlook, and XRP could fall back into the descending wedge pattern.
World Liberty Financial (WLF), a project tied to the Trump family, has signed a letter of intent with the Pakistan Crypto Council (PCC). According to the project, this partnership will boost blockchain development, stablecoin use, and DeFi expansion in Pakistan.
A WLF delegation recently met with Prime Minister Shehbaz Sharif, Army Chief General Asim Munir, Finance Minister Muhammad Aurangzeb, and other top officials to explore collaboration opportunities.
Pakistan is Ramping Up Crypto Developments
The Pakistani government is preparing to announce a full set of cryptocurrency regulations. This move aims to position Pakistan as one of the fastest-growing crypto hubs globally.
Last month, Binance founder Changpeng ‘CZ’ Zhao was reported to have joined the Pakistan Crypto Council as a Strategic Advisor.
Meanwhile, president Trump is seemingly using his influence to push forward the DeFi initiative linked to World Liberty Financial.
