The UK Treasury has ruled out creating a national crypto reserve, distancing itself from the direction the U.S. appears to be heading.
Speaking at the Financial Times Digital Asset Summit in London on Tuesday, Economic Secretary to the Treasury Emma Reynolds MP stated,
“We don’t think that’s appropriate for our market. We understand that’s what the U.S. is going for, but that’s not the plan for us.”
This decision comes amid growing alignment between the UK and the U.S. on broader crypto regulation.
The Crypto Reserve Idea Not a Good Fit
Just last week, UK Chancellor Rachel Reeves met with U.S. Treasury Secretary Scott Bessent in Washington, D.C. to establish a senior-level working group focused on digital assets. Reynolds emphasized the importance of “collaboration and cooperation,” noting that the upcoming “regulatory forum” set for June aims to synchronize regulatory approaches between the two nations.
“We understand that some of this stuff is a little bit amorphous,” she said, recognizing the difficulties posed by truly decentralized systems.
MiCA? Mind the Gap
Britain is carving a different path from the EU. While the bloc has embraced the detailed MiCA framework, the UK is sticking to its traditional legislative style, which is less prescriptive and more outcome-based.
Reynolds said, “We decided not to go down that particular road,” reaffirming the UK’s principle of “same risk, same regulatory approach.”
On top of that, the government is eyeing new frontiers in financial innovation. While a US-style crypto reserve is off the table, Reynolds has confirmed that the US and the UK will work together to adopt crypto as the UK continues to explore sovereign debt issuance via distributed ledger technologies (DLT). Procurement is already underway, with supplier appointments expected by late summer.
This latest stance follows Finance Minister Rachel Reeves’ announcement last week regarding compulsory regulation for crypto companies in Britain, aimed at “cracking down on bad actors while supporting legitimate innovation.” In that context, the UK’s regulatory alignment leans far closer to Washington than to Brussels.
Trump’s tariff war and pause theory has given many ups and downs to the crypto market. Following the current market sentiment, Ethereum’s price recently made a push past $1,550, even touching $1,687 at one point, but the rally was short-lived. The asset has since lost steam, slipping below key resistance levels and trading under $1,580. As the price faces a new bearish trend line, bulls are in a tight spot; they either break through and regain momentum or dive down toward the $1,500 support zone.
Similar Cycle, But Slower Pace
According to crypto analyst Benjamin Cowen, Ethereum’s underperformance isn’t random, it’s echoing a pattern from 2019. In his latest YouTube video, Cowen explains that Ethereum appears to be repeating the same structural movements as in the last cycle, only this time, the cycle is stretched out significantly. The slowdown, he says, is due to ongoing macroeconomic pressure, specifically, the extended period of quantitative tightening (QT) by the U.S. Federal Reserve.
QT is when the Fed reduces its balance sheet to tighten money supply, usually to fight inflation. This creates a tougher environment for risk assets like Ethereum. Unlike the previous cycle where QT ended well before Bitcoin’s halving, this time it has persisted even into the post-halving year.
QT May End Soon—A Turning Point?
Cowen points to a recent Federal Open Market Committee (FOMC) summary from January, which suggests the Fed might end QT by mid-2025. If this timeline holds, Ethereum could begin gaining traction again once liquidity returns to the market. Until then, Cowen implies we may continue to see sluggish growth from ETH compared to more speculative or faster-moving altcoins.
At the time of Cowen’s video, Ethereum was trading around $1,652, up 12% in the last 24 hours. Despite the recent uptick, it’s still struggling to outperform the broader crypto market. The mixed technical scenario, along with bearish trend lines and key resistances followed by macroeconomic drag, is making it harder for ETH to lead the current cycle.
In short, Cowen believes Ethereum’s slow momentum isn’t a failure of the asset itself but a symptom of extended economic tightening. If QT ends as projected, ETH may finally have the breathing room to run. Until then, it’s a game of patience.
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The post Ethereum Price Today: Bearish Trend Returns as Fed QT Slows Momentum appeared first on Coinpedia Fintech News
Trump’s tariff war and pause theory has given many ups and downs to the crypto market. Following the current market sentiment, Ethereum’s price recently made a push past $1,550, even touching $1,687 at one point, but the rally was short-lived. The asset has since lost steam, slipping below key resistance levels and trading under $1,580. …
Last year, BONK and BlockDAG (BDAG) performed tremendously and created generational wealth for many investors. From January 1, 2024, to the peak of the November rally, BONK provided a net 345% return, and BDAG was 2024’s most successful presale, raising over $250 million.
Now, experts are backing the latest AI-driven project, Unilabs (UNIL), speculating it can replicate BlockDAG’s success and provide higher returns than BONK by the end of 2025. In its first week, Unilabs has surpassed $30 million in assets under management, and the UNIL presale has already amassed $425,000, setting new records for token demand in presale.
BlockDAG: Redefining Scalability With EVM and DAG Architecture
BlockDAG is an adaptive blockchain protocol with robust EVM (Ethereum Virtual Machine) capabilities. The project follows Bitcoin’s core principles but introduces the scalability of EVM chains to push the performance boundaries.
The platform merges fast DAG technology with proof-of-work architecture to facilitate the processing power needed to execute thousands of transactions each second. BlockDAG’s large mining community, Tap-to-Earn rewards, and beta testnet launch add to investor appeal.
The BDAG presale is near its end, and the early investors who have made a significant profit are now transferring capital to the Unilabs (UNIL) presale to make similar returns again and multiply their profits.
BONK Rallies After Deep Correction: How High Will It Reach?
After its massive rally last year, the Solana meme coin BONK entered an extended correction and dropped with considerable momentum in a declining wedge pattern, reaching a new multi-year low at $0.000009 on March 11.
Image courtesy: TradingView
The wider market recovery allowed BONK to break out from the upper trendline of the falling wedge. The price retested the upper trendline on April 7, and in the 39 days since, it has surged over 130%, giving rise to a new uptrend.
A few days ago, BONK attempted a breakout from the bullish pattern but failed and has pulled back to the previous swing high. At press time, it trades at $0.00002131, with strong immediate support near $0.00002.
Despite the pullback, the MACD and RSI indicate increasing bullish sentiment, and a move past the $0.000024 resistance could fuel the BONK price rally to a target of $0.000036. Regardless, investors prefer Unilabs as its presale offers steady returns that can outperform in the long run.
Unilabs (UNIL): Unlocking AI-Automated Fund Investing
Investors are moving funds from BlockDAG and BONK to the Unilabs presale in search of better and sturdy returns. This massive inflow has made UNIL the fastest rising presale this season, raising nearly $400K within a week.
Unilabs attracts investors not only with its lucrative returns but also with the impressive technological innovation of its next-generation AI-fund manager. The platform offers four main DeFi fund baskets: BTC, RWA, AI, and Mining, each holding a range of emerging and high-potential altcoins.
The AI has been trained to find trends and patterns using historical market data. It carefully assesses tokenomics, sustainability, risks, and background checks, and adds the assets with the best expected returns to the respective baskets. The profits are completely transparent and are distributed periodically as dividends and yields.
Users can also earn passive income with Unilabs’ referral scheme, which offers exciting rewards to those who help expand the community. The referral rewards are distributed from a share of the platform’s revenue in the form of UNIL tokens, which are also available to purchase in the live presale.
In presale stage two, UNIL is priced at $0.0051, reflecting a 21.5% surge from the stage one price of $0.004. As the presale reaches further stages, the price will continue to rise, providing the most compounding returns to the earliest investors.
Conclusion
While BlockDAG and BONK gave remarkable results in 2024, Unilabs’ growing momentum highlights its potential to flip these two giants in this year’s bull market. Timing is the most important thing in crypto, which is why this is the right moment to acquire UNIL, which sells for a discounted price in presale.
The post Unilabs (UNIL) Could Outperform BlockDAG and BONK After Smashing $30M Milestone in Assets Managed appeared first on Coinpedia Fintech News
Last year, BONK and BlockDAG (BDAG) performed tremendously and created generational wealth for many investors. From January 1, 2024, to the peak of the November rally, BONK provided a net 345% return, and BDAG was 2024’s most successful presale, raising over $250 million. Now, experts are backing the latest AI-driven project, Unilabs (UNIL), speculating it can …
Ethena Labs is officially closing its German branch and EU operations after a previous MiCA application rejection. For the past month, the firm has been preparing to withdraw from this market.
Although the exit was anticipated, ENA reacted notably, with the altcoin falling over 7% after today’s announcement.
At the time, the firm suggested that this was a minor setback and that it would focus on other markets. Today, it announced that its German branch is winding down altogether.
“We have agreed with BaFin to wind down all activities of Ethena GmbH and will no longer be pursuing the MiCAR authorization in Germany. All whitelisted… users previously interacting with Ethena GmbH have at their request been onboarded with Ethena (BVI) Limited instead. As a result, Ethena GmbH no longer has any direct customers,” it claimed.
The statement further claimed that Ethena GmbH, the German branch, “has not conducted any mint or redeem activity” since the regulators’ MiCA ruling.
Specifically, regulators banned all sales of the USDe stablecoin, putting serious restrictions on the firm. In other words, this outcome is fairly expected. Ethena (BVI) Limited has taken over the German branch’s users.
The network’s governance token, ENA, has seen notable price swings around its MiCA efforts. In Early March, when Ethena Labs was reportedly on track to receive regulatory approval, ENA broke out of multi-month lows and nearly reached $2.5 billion in mark cap.
However, since the rejection, ENA saw continued bearish pressure, which was exacerbated by the macroeconomic conditions across the market. Today’s announcement drove further decline.
